Enroll | Learn More Forgot Login ID?

Investments/InsuranceLearn More | Login

Summer Extra Credit 2017

UVA Community Credit Union

Our Community











Annual Meeting Highlights

We like to say that when you’re a member of the UVA Community Credit Union, you’re part of something special. This year’s annual meeting was kicked off in a special way with local entertainment provided by the Jeffersonland Chorus and the Lark Quartet. In addition, the talented musicians surprised the crowd with an original ballad custom written for the credit union. Afterwards, Chairman of the Board, Jeffrey C. Moscicki and President/CEO, Alison DeTuncq introduced the board of directors and the supervisory committee. The speakers focused on our 2017 initiatives and the highlights of 2016 including how members in the Charlottesville area voted us the Best Financial Institution, the Best Mortgage Company, and the Best Financial Planner in the annual Daily Progress Readers’ Choice issue. It’s exceptional for a financial institution to win all three categories. We thank you very much for the vote of confidence.

Other key highlights of 2016 include:

  • A new student run branch, Knights United in Charlottesville High School. Our 4th student run branch. The branch is staffed and run by Charlottesville High School students with credit union oversight, exclusively serving its students, faculty and staff.
  • Helping Hand Homeownership Program - This program is designed to thank service workers, from educators to first responders, with down-payment, closing-cost and principle-reductions assistance.
  • For the 8th consecutive year, we supported the Cville Tax Coalition by providing free tax preperation to qualified members.
  • Plus, we hosted 245 financial education seminars in our branches, at schools and businesses, and in commuity centers, with an overall attendance of over 7,500 people. These events teach fundamentals of personal and business finance, each one focusing on a specific topic of interest.

The meeting concluded with the presentation of our $1,500 scholarship awards for college-bound students from public high schools within our field of membership. Congratulations to the winners. We are proud to be raising our total annual scholarship commitment from $16,500 to $27,000.

Members re-elected to the board are Jeffrey C. Moscicki, Chairman, Kenneth M. Eades, Lisa Heuchert, Marie Melton, J. Barrett “Barry” Jones, and Ben McCartney. After the meeting, members enjoyed light refreshments, conversation, and door prizes.

Thank you to the following local businesses for their support of our Annual Meeting; Albemarle Magazine, American Office, American Shakespeare Center, Ceiling and Floor Shop, H & R Custodial Services, Jim Price Automotive, King Family Vineyard, The Little Gym, Mass Mutual Member Wealth Management, Miller’s Office Products, Sprint Pavilion, Virginia Sports Properties, Virginia Discovery Museum, Wintergreen Resort and Woodrow Wilson Birthplace.












Cruise into savings this summer

Summer is known for barbecues, parades and road trips but it is also a great time to buy a new car or swap your current loan for a better rate loan with UVA Community Credit Union.

Many dealers are offering incentives and advertising dramatic savings. At UVA Community Credit Union, you'll find highly competitive interest rates on auto loans, up to 100 percent financing, and flexible loan terms.

That's not all! UVA Community Credit Union will prequalify you before you start shopping. By knowing exactly how much car you can afford, you'll be in the driver's seat when negotiating with the dealership.

4 easy ways to apply for your next auto loan:

Looking to save on your current auto payment? Try Swap N Drop

Do you have a loan at another institution on a non-commercial vehicle that is 10 years old and newer? Bring your non-UVA Community Credit Union loan to us and we will drop your interest rate by up to 2% APR* to as low as 1.99%.

Find out how much you can save by switching your non-credit union loan to us!


*APR = Annual Percentage Rate. Limited time only. Loans must be funded within 30 days of application to be eligible. Existing UVA Community Credit Union vehicle loans are not eligible for offer. Minimum finance rate for this special is 1.99%APR. Maximum loan term is 72 months. Vehicle model that is 10 years old and newer. 1.99% APR payment example: 72 monthly payments of $14.75 per $1,000 borrowed. No other discounts apply. All loans subject to credit approval. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. Not all applicants will qualify for the lowest rate. Applicant must meet membership criteria. Other restrictions may apply.

 Did you know?











A great vacation begins with great benefits

Summer travel plans? 3 UVA Community Credit Union Visa credit card benefits you should know about

  1. Renting a car? Use your Platinum or Gold Visa card and you’ll get reimbursement for damage due to collision or theft up to the actual cash value of most rental vehicles*.
  2. Have a Platinum Visa or a Gold card? You’re entitled to travel insurance, inquire about your coverage amounts today.
  3. Planning to shop or dine out? Click here to view member discounts for many nationwide dining and retail locations.

*Subject to terms and conditions


How-To Tips Provided by Member Wealth Management



How much should you save for retirement?

Saving for retirement can be daunting, but as with any long-term project, it may help to have a plan. Yet less than half of current workers have tried to estimate how much savings they will need to live comfortably in retirement. Those who do try to estimate their needs tend to set higher savings goals and are more confident that they can enjoy a comfortable retirement.1

Though every situation is different, one common guideline is that you may need to replace 70% to 80% of your pre-retirement income. This typically assumes that you will have paid off your mortgage, will be in a lower tax bracket when you retire, won’t be saving for retirement, and will not have work-related expenses, such as for commuting and business clothing.










If your retirement is 20 or 30 years away, it might be difficult to project your retirement income needs and living expenses, but it may help to start with some rough numbers. If retirement is nearer, projecting income and expenses should be easier. Here are some tips to consider.

Estimate your Social Security benefits. You can calculate your future Social Security benefits using the Retirement Estimator at Keep in mind that this tool assumes current benefit levels; the 2016 trustees’ report suggests that the program may be able to pay only 77% of scheduled benefits after 2035, unless Congress takes action.2 On the other hand, your future benefit may rise as your salary increases and the Social Security Administration makes cost-of-living adjustments.

Be realistic about investment returns. Higher returns might enable your nest egg to grow faster, but it may be more prudent to use a modest rate of return in your calculations. If you experience higher returns, you might consider it a bonus. Remember that all investing involves risk, including the possible loss of principal, and there is no guarantee that any investment strategy will be successful.

Consider your retirement lifestyle. Perhaps you want to travel more, move to a different area of the country, or engage in new activities. Would these lifestyle choices require more retirement savings?

Prepare for a long retirement. Your retirement may last 25 or more years. According to recent mortality tables, a healthy 45-year-old man would have a 45% chance of living to age 90 and a 27% chance of living to age 95. The odds of living to 90 or 95 are 56% and 37%, respectively, for a healthy 45-year-old woman.3

Factor in medical expenses. Modern medical care has contributed to longer life expectancies, but costs continue to rise. A couple who retired at age 65 in 2015 could spend an average of $259,000 on medical expenses in retirement (including Medicare and Medigap premiums, out-of-pocket expenses, and median prescription drug expenses).4 Future retirees might face even higher medical expenses.

The simplified worksheet below could help you start estimating your retirement needs, but you may benefit from professional advice and a more thorough cash-flow analysis. Although there is no assurance that working with a financial professional will improve investment results, a professional who focuses on your overall objectives can help you consider strategies that could have a substantial effect on your long-term financial situation.

  1. Employee Benefit Research Institute, 2016
  2. Social Security Administration, 2016
  3. American Academy of Actuaries and Society of Actuaries, 2016 (based on a nonsmoker in excellent health)
  4. Employee Benefit Research Institute, 2015



This information is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions.  © 2017 Broadridge Investor Communication Solutions, Inc.


Securities, Investment Advisory and Financial Planning services offered through qualified registered representatives of MML Investors Services, LLC, Member SIPC: 222 Central Park Ave Suite 1100 Virginia Beach VA 23462 (757) 490-9041.

Member Wealth Management is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies.


Printer Friendly and PDF