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Home Explore ACUTX Newsletter 2022 Second Quarter

ACUTX Newsletter 2022 Second Quarter

Published by ACU of Texas, 2022-04-01 13:41:17

Description: ACUTX Newsletter 2022 Second Quarter


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Upcoming Events Page 4 ACUNews Second Quarter 2022 INSURE YOUR TEEN DRIVER Page 1 REFINANCE YOUR AUTO LOAN Page 3

ISTYEOEURN DRIVER PROPERLY INSURED? Parents of teenagers know the value of a good discount better than anyone, and you might not ever appreciate a discount as much as you do when your teenager starts driving. Adding a teen driver to your car insurance policy can raise your premium tremendously. The good news? We have tips to help you save money. ACU OF TEXAS | SECOND QUARTER 2022 1

TEEN DRIVER INSURANCE CHECKLIST 1 PUT YOUR TEENAGE DRIVER IN A SAFE VEHICLE The choice of your teen’s first vehicle is an important one as it can directly influence the cost of their auto insurance. Insurers typically reward the choice of a vehicle with safety features, such as: • Air bags • Anti-lock brakes • Automatic seatbelts and/or seatbelt alarms • Power steering 2 COMPLETE A DRIVER’S EDUCATION COURSE Some insurers reward teenage drivers who complete a Driver’s Ed course with a discount. Others offer their own safe driving program through the company’s mobile app or accept documentation of course completion through your teen’s high school or an online program. 3 CONSIDER BUNDLING INTO A FAMILY POLICY On the surface, it may seem like a great lesson in financial responsibility to have your child pay for their own individual auto insurance However, you may want to rethink that strategy. An individual policy for a single driver is all but guaranteed to be the #1 most expensive option for your child. Bundling multiple insurance policies under one account could earn you a bundle discount. So, while you’ll be taking on the added cost of another driver (and a “risky” one, at that) you could all be saving money in the long run. 4 TELL YOUR INSURANCE AGENT ABOUT SPECIFIC DRIVING HABITS It may be worthwhile to share more information about your teenager’s driving habits, particularly if they are driving infrequently. Some insurers offer a “Student Away” discount. Your child may qualify if they are attending a college or university more than 100 miles away and do not have a car on-campus. They may also qualify for an “Occasional Driver” discount if they are using an insured vehicle for less than 25% of its annual mileage. However, it is very important to make sure that you do not claim any discounts that would leave your teen driver uninsured or under-insured. 5 SHOP AROUND FOR CAR INSURANCE WITH FREE QUOTES In the insurance world, it never hurts to ask. ACU Insurance Services offers free quotes and will compare rates to get you the best price! We’re passionate about helping you get the right coverage for the right price – but your safety is our top priority. It goes without saying that the best way to save money on car insurance at any age is to have a clean, safe driving record free of accidents and previous claims for car damage. Your teenager looks up to you as a role model. Remember to model safe driving behaviors throughout their lives, and not just when they are approaching driving age. Call 800-581-2428 to speak with an insurance specialist regarding getting your teen driver covered today. Insurance products are not deposits, not NCUA insured, and not guaranteed Get a Free Quote by CU Financial Group, LLC dba ACU Insurance Services or Associated Credit Union of Texas. CU Financial Group, LLC dba ACU Insurance Services is a credit union service organization wholly owned by Associated Credit Union of Texas dba ACU of Texas. ACU OF TEXAS | SECOND QUARTER 2022 2

REFINANCE YOUR AUTO LOAN If you want to save money, looking at your auto loan is a great place to start! ACU of Texas can even help you lower your payment. To help you make an informed decision, here are three great reasons to refinance your auto loan: 1 YOUR INTEREST RATE IS HIGHER THAN IT NEEDS TO BE If you happened to get an auto loan during a time when interest rates were higher, it might make sense to refinance when lower interest rates are available. Even small improvements in interest rates can make a big difference in how much you save over time 2 YOUR CREDIT SCORE HAS IMPROVED Sometimes you need a car even when the timing isn’t perfect. Maybe you settled for an auto loan when your credit score was lower because you needed the car right away. If that was the case for you, refinancing could be a good option. Now that your credit score is better, you may have better access to better auto loan options if you refinance. 3 YOU WANT TO LOWER YOUR MONTHLY PAYMENTS Perhaps you’ve had a personal setback that has changed your financial situation, making it difficult to make high auto loan payments each month. An auto loan refinance could help you reduce those monthly payments without extra stress. Apply Today UPCOMING CLHOOSLIUDARYES MAY Memorial Day FINANCIAL LITERACY SUMMER CAMP 30 Monday, May 30 JUN Juneteenth Learn More 20 Monday, June 20 Please use the ACU of Texas Mobile App or visit to access online banking.

RETIREMENT ACCEEASSSY ON THE GO ANNOUNCEMENT Access your money on the go and 24/7, with the ACU of Texas Mobile App. REMOTE DEPOSIT* Make check deposits in a flash, without additional fees, and get quick access to your funds. Kim has served our members as the FRAUD ALERTS Insurance and Title Specialist with ACU of Set up to be notified of unusual account Texas for over 23 years. activity. We wish her all the best in her retirement. ON CARD CONTROLS UPCOMING Manage your cards, including the ability to OFF turn them on and off. EVENTS CREDIT SCORE Monitor your credit score and view your FREE credit report. GOURMET FARMER MARKET ONLINE BILL PAY Shop local vendors on the last Saturday of Enjoy the convenience of paying bills from each month anywhere. 9am-1pm, 1095 W. League City Pkwy. BLOOD DRIVE *Subject to Approval. Not available for the first 30 days after checking account opening. Not available to 180 Checking Accounts, Access Pre-Paid Cards, or Non-Profit Organization/Club Donate blood to the MD Anderson Cancer Center Checking Business Accounts. Blood Bank May 20, 11am-2pm, 1095 W. League City Pkwy. GET STARTED STAR ACADEMY DOWNLOAD THE APP TODAY! Youth Financial Literacy Summer Program Dates & times TBA - visit for details ACU OF TEXAS | SECOND QUARTER 2022 4

OFFICIAL CREDIT AND DEBIT CARD COMPANY Learn More CLAY FRANKS NAMED AS PRESIDENT ACU of Texas was pleased to announce the promotion of Clay Franks from Chief Financial Officer to a new role as President of the credit union. Due to the credit union’s recent growth, and to help prepare for the future, the Board of Directors approved the separation of duties of the President and Chief Executive Officer positions. Jack Click will remain in his current role as the credit union’s CEO. ACU OF TEXAS | SECOND QUARTER 2022 5

73RD ANNUAL MEETING On February 17, we held our 73rd Annual Meeting and Board Elections at our League City Corporate office. 2021 was a great year, and the best is yet to come! Thank you to all who attended. BOARD MEMBERS John Blair Joel Mueller Kent Postma Cris Crixell Chairman Vice Chairman Secretary Treasurer Term Ends 2023 Term Ends 2024 Term Ends 2024 Term Ends 2023 Kyle Dickson Mark Rodriguez Bruce Terry, Jr. Mark Kline Board Member Board Member Board Member Board Member Term Ends 2024 Term Ends 2025 Term Ends 2024 Term Ends 2025 ACU OF TEXAS | SECOND QUARTER 2022 6

P.O. Box 9004 | League City, TX 77574 LOCATIONS Alvin Brenham Cypress 1450 FM 1462 2509 Becker Dr. 7640 N. Fry Rd. La Marque Deer Park Pasadena - H-E-B 920 First St 309 West X St 6210 Fairmont Pkwy Pearland 6306 Broadway League City Corporate League City Santa Fe 1095 W League City Pkwy 351 S FM 270 11934 FM 1764 Pearland-Friendswood Pearland - H-E-B Plus 1504 Broadway 2805 Business Center Dr. Texas City 1326 9th Ave. North CALL OR 281.479.3441 TEXT PO Box 9004 | League City, TX 77574

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