Certificates of Deposit (CDs)
CD Penalty denotes loss of 90 days interest.

Direct Deposit/Payroll Deduction

Direct Deposit is safe, fast and convenient! It allows your funds to be deposited right to your United Financial account. Most employer groups, social security and retirement Benefits can be directly deposited. Plus, there is no need to rush to an office or wait in line if your funds are automatically deposited to your United Financial account.

Payroll Deduction allows you to designate a portion of your check to be deposited to your account. You can determine how much you allot to your United Financial accounts. It's a perfect way to save with Christmas and Vacation Club accounts!
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Routing/Transit Number
United Financial is assigned a Routing/Transit Number that identifies our credit union by number. Sometimes organizations request this number be given for automatic deposits and withdrawals. Our credit union number is 272477241. *Always use caution and discretion when divulging your account number and information.
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Investments

Tax Deferred denotes payments made before being taxed. For example, a contribution of $20.00 to a Traditional IRA can be made before the funds are taxed.

Tax Deductible denotes that contributions made to a Traditional IRA may be deducted from your tax return. Consult a tax advisor regarding IRA deductibility.
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IRA Penalties
Traditional IRA Penalties - If you make a premature withdrawal (before age 59 1/2) from your Traditional IRA there is a 10% withholding penalty imposed by the IRS and the funds are subject to taxation.

Roth IRA Penalties - If earnings (dividends) are withdrawn within a five year period upon opening the Roth IRA, a 10% withholding penalty is imposed by the IRS.

However, if a five year waiting period has been met along with one of the following reasons contributions and earnings may be taken out without penalty if the IRA owner is:

deceased,
over age 59 1/2,
permanently and totally disabled,
or using the funds for a first-home purchase*

What you contribute (deposit) to your Roth IRA can be withdrawn at any time for any reason without penalty or tax. It¹s the earnings (dividends) that need consideration.

*If you have not owned a home for more than three years.
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Loans
Dealer Indirect Options are available to members from several car dealerships. You may have your loan paperwork prepared right at the dealership and faxed to a United Financial office for fast approval.

Simple Interest is the dollar cost of borrowing money. This cost is based on three elements: the amount borrowed, which is called the principal; the rate of interest; and the time for which the principal is borrowed.

The formula used to find simple interest is:
Interest = Principal x Rate of interest x amount of Time the loan is outstanding orI = P x R x T

For example, suppose you borrow $1,000 at 10% simple annual interest and repay it in one lump sum at the end of three years. To find the amount that must be repaid calculate the interest:

Interest = $1,000 x .10 x 3 = $300

This computes to $100 of interest each year. The amount that must be repaid is the $1,000 principal plus the $300 interest or a total of $1,300.

Fixed Rate: The Annual Percentage Rate is not subject to change over the life of the loan and will not fluctuate.

100% Financing: No down payment is required. We will loan 100% of the value as long as the collateral doesn¹t exceed Blue Book value.

Qualified Borrowers: Applicants must meet certain lending requirements in order to be approved for a loan.