Latest News https://wwfcu.org/blog/?p=2373 https://wwfcu.org/blog/your-complete-used-car-buying-guide/ Car Loans Cars Your Complete Used Car Buying Guide If you’re considering replacing your vehicle, have you considered purchasing a used one? The perception of used cars can be somewhat negative. That’s why the market-friendly term “pre-owned” is now more widely used (forgive the pun). However, shopping for a used car can be tricky because every car has a unique, and often hidden, history. Thu, 13 Sep 2018 20:32:20 Z Dan DeRoeck <p class="CxSpFirst">If you’re considering <a href="https://wwfcu.org/products-services/loans/vehicle-loans">replacing your vehicle</a>, have you considered purchasing a used one? The perception of used cars can be somewhat negative. That’s why the market-friendly term “pre-owned” is now more widely used (forgive the pun). However, shopping for a used car can be tricky because every car has a unique, and often hidden, history. The following advice should help you navigate safely through a minefield of lemons.</p> <p class="CxSpMiddle"><b>Look for a Car That Fits</b></p> <p class="CxSpMiddle">Make a list of the features and qualities that you need from the car. For example, do you drive long miles and require good fuel efficiency? Then, make another list of what you’d like. It’s okay to go after a few bells and whistles or sleek styling, but only after you’ve determined the vehicle will be able to meet your driving demands. These lists will help you pick a few models to investigate. Lastly, do a quick online search to see if any of your chosen models have had major recalls.</p> <p class="CxSpMiddle"><b>History Repeats Itself</b></p> <p class="CxSpMiddle">If the car you’re looking at has had problems in the past, it will probably have similar problems in the future. Ask the owner or dealer for the car’s VIN number so you can check its history. There are a number of companies that keep records of incident reports, like AutoCheck and CARFAX., Sometimes report details vary by company, so be sure that you don’t miss anything, it’s a good idea to check the VIN with more than one company.</p> <p class="CxSpMiddle">Needless to say, if the seller won’t provide a VIN, you shouldn’t spend any more time looking at the car. No matter how sweet the car appears on the outside, you don’t want to gamble on what’s under the hood.</p> <p class="CxSpMiddle"><b>Do Your Own Due Diligence</b></p> <p class="CxSpMiddle">Have the vehicle checked out. It’s possible that there has been a recent problem or issue that hasn’t been reported yet. Ideally, you would bring it to a mechanic you trust. If this isn’t a possibility, then bring a knowledgeable friend or a vehicle inspection checklist (easily found online) to over the car.</p> <p class="CxSpMiddle"><b>Finding Fair Prices</b></p> <p class="CxSpMiddle">Compare the listings from the National Automobile Dealer’s Association, Edmunds, and Kelley Blue Book to get an idea of what you should be paying. Actual prices will probably vary, but you’ll have a starting point for negotiation.</p> <p class="CxSpMiddle">If you have a smartphone, check to see if there are any used car pricing apps available. These apps collect information about what other users have recently paid for the same or similar model cars. The results can be hit-or-miss if there’s not much data available, but if there is, then you’ll be in a stronger negotiating position. You might even find some better deals.</p> <p class="CxSpMiddle"><b>Try Before You Buy</b></p> <p class="CxSpMiddle">If everything else seems to check out, take the car for a test drive or two. You want to see how it fares in as many common traffic situations as possible. Take it up to speed on the highway to check for brake alignment or wheel defects. Drive in a city during rush hour to put the transmission through its paces. A slow drive through a neighborhood will let you experience the car’s handling.</p> <p class="CxSpMiddle"><b>A Word About Warranties</b></p> <p class="CxSpMiddle">Many of the cars that you look at will have certification or a warranty. Don’t rely solely on these read the fine print to see what’s actually covered. And remember: even if you trust the seller or dealer, don’t skimp on your own inspection.</p> <p>&nbsp;</p> 2018-09-13 20:32 +00:00 2018-09-13 15:32 -05:00 https://wwfcu.org/blog/?p=2339 https://wwfcu.org/blog/a-brief-overview-of-our-new-atms/ ATM atm cash checks deposit A Brief Overview of Our New ATMs We&#8217;re thrilled to announce our new ATMs are now open and ready to use! While most ATMs are similar, there are a few features of our new ATMs that we’d like to explain. Tilting Screen The new ATM screens can tilt to three different positions to accommodate different vehicle heights and help reduce sun glare Fri, 07 Sep 2018 16:39:31 Z Amy Neale <p>We&#8217;re thrilled to announce <strong>our new ATMs are now open and ready to use</strong>!</p> <p>While most ATMs are similar, there are a few features of our new ATMs that we’d like to explain.</p> <h6><strong>Tilting Screen<a href="https://wwfcu.org/blog/wp-content/uploads/2018/08/tilt.jpg"><img class="size-full wp-image-2343 alignright" src="https://wwfcu.org/blog/wp-content/uploads/2018/08/tilt.jpg" alt="" width="143" height="243" srcset="https://wwfcu.org/blog/wp-content/uploads/2018/08/tilt.jpg 143w, https://wwfcu.org/blog/wp-content/uploads/2018/08/tilt-25x42.jpg 25w, https://wwfcu.org/blog/wp-content/uploads/2018/08/tilt-47x80.jpg 47w" sizes="(max-width: 143px) 100vw, 143px" /></a></strong></h6> <p>The new ATM screens can tilt to three different positions to accommodate different vehicle heights and help reduce sun glare on the screen. You’ll see three buttons to the left of the screen labeled High Vehicle, Mid Vehicle and Low Vehicle as well as drawings that show what type of vehicle fits each category. Pick the right fit for your vehicle and press the button.</p> <h6><strong>No Deposit Envelopes</strong></h6> <p>A great feature of the new ATMs is that you don’t use an envelope to deposit checks or cash into your account. You feed cash and checks directly into the machine. Below the blue card reader slot, you’ll see another slot labelled Cash/Check Deposit. Here are a few tips on how to feed your cash and checks into the new ATMs:</p> <p><a href="https://wwfcu.org/blog/wp-content/uploads/2018/08/cash.jpg"><img class="size-full wp-image-2340 alignleft" src="https://wwfcu.org/blog/wp-content/uploads/2018/08/cash.jpg" alt="" width="169" height="187" srcset="https://wwfcu.org/blog/wp-content/uploads/2018/08/cash.jpg 169w, https://wwfcu.org/blog/wp-content/uploads/2018/08/cash-38x42.jpg 38w, https://wwfcu.org/blog/wp-content/uploads/2018/08/cash-72x80.jpg 72w" sizes="(max-width: 169px) 100vw, 169px" /></a>Just like a drink or snack machine, you’ll feed your cash (bills only, no coins) and checks into the deposit slot <em>(left)</em>. And just like those machines, the ATMs don’t like wrinkled, ripped or taped dollar bills. If you have cash the ATM won’t accept, just use our drive-thru or come in to see a WWFCU teller to make your deposit.<img class="size-full wp-image-2341 alignright" src="https://wwfcu.org/blog/wp-content/uploads/2018/08/checks.jpg" alt="" width="178" height="132" srcset="https://wwfcu.org/blog/wp-content/uploads/2018/08/checks.jpg 178w, https://wwfcu.org/blog/wp-content/uploads/2018/08/checks-57x42.jpg 57w, https://wwfcu.org/blog/wp-content/uploads/2018/08/checks-108x80.jpg 108w" sizes="(max-width: 178px) 100vw, 178px" /></p> <p>Like cash, checks for deposit can’t be wrinkled, ripped or taped. And please make sure you’ve endorsed the back of the check correctly (<em>right</em>).</p> <h6><a href="https://wwfcu.org/blog/wp-content/uploads/2018/08/checks.jpg"><br /> <strong>Questions? Stop by our branch or speak to a WWFCU Member Service Representative at (734) 721-5700.</strong></a></h6> <p><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: 'Helvetica Neue', Helvetica, sans-serif; color: #ffffff; background-image: url(data:image/svg+xml; base64,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); background-size: 14px 14px; background-color: #bd081c; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; background-position: 3px 50%; background-repeat: no-repeat no-repeat;">Save</span><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: 'Helvetica Neue', Helvetica, sans-serif; color: #ffffff; background-image: url(data:image/svg+xml; base64,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); background-size: 14px 14px; background-color: #bd081c; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; background-position: 3px 50%; background-repeat: no-repeat no-repeat;">Save</span></p> <p><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: 'Helvetica Neue', Helvetica, sans-serif; color: #ffffff; background-image: url(data:image/svg+xml; base64,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); background-size: 14px 14px; background-color: #bd081c; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; background-position: 3px 50%; background-repeat: no-repeat no-repeat;">Save</span><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: 'Helvetica Neue', Helvetica, sans-serif; color: #ffffff; background-image: url(data:image/svg+xml; base64,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); background-size: 14px 14px; background-color: #bd081c; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; background-position: 3px 50%; background-repeat: no-repeat no-repeat;">Save</span></p> <p><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: 'Helvetica Neue', Helvetica, sans-serif; color: #ffffff; background-image: url(data:image/svg+xml; base64,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); background-size: 14px 14px; background-color: #bd081c; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; background-position: 3px 50%; background-repeat: no-repeat no-repeat;">Save</span><span style="border-top-left-radius: 2px; border-top-right-radius: 2px; border-bottom-right-radius: 2px; border-bottom-left-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font-style: normal; font-variant-caps: normal; font-weight: bold; font-stretch: normal; font-size: 11px; line-height: 20px; font-family: 'Helvetica Neue', Helvetica, sans-serif; color: #ffffff; background-image: url(data:image/svg+xml; base64,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); background-size: 14px 14px; background-color: #bd081c; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; border: none; -webkit-font-smoothing: antialiased; background-position: 3px 50%; background-repeat: no-repeat no-repeat;">Save</span></p> 2018-09-07 16:39 +00:00 2018-09-07 11:39 -05:00 https://wwfcu.org/blog/?p=2366 https://wwfcu.org/blog/credit-unions-and-small-businesses-a-perfect-partnership/ Business Credit Unions and Small Businesses: A Perfect Partnership Credit unions are not-for-profit, community-based, member-owned financial institutions that are uniquely positioned to help America’s more than 27 million small businesses. They return yearly profits to their members in the form of lower interest rates on loans, lower fees on accounts, and better interest on savings accounts—including business accounts and loans. They also offer smaller Wed, 29 Aug 2018 14:38:54 Z WWFCU <p>Credit unions are not-for-profit, community-based, member-owned financial institutions that are uniquely positioned to help America’s more than 27 million <a href="https://wwfcu.org/products-services/loans/business-loans">small businesses</a>. They return yearly profits to their members in the form of lower interest rates on loans, lower fees on accounts, and better interest on savings accounts—including business accounts and loans. They also offer smaller business loan amounts, which can be a huge advantage for entrepreneurs who are just starting out.</p> <p>Beyond these dollars and cents advantages, credit unions are operated on the principle of “people helping people.” What this means for small businesses is a more personal, local approach to loan approval—often a big hurdle for the new small business. The approval process is more likely to include the credit union’s own interactions with the applicant than a big bank’s universal application process.</p> <p>A credit union is also more likely to understand a communities’ need for and potential success of a small business, as they themselves have deep roots in the community. Credit unions are all about keeping local dollars in the local economy. This was never more evident than during and immediately after the Great Recession.</p> <p>While banks slowed or halted their portfolio growth of small business loans during the Great Recession, credit unions were continually expanding theirs. They stepped in to offer support and services when banks would not. According to the U.S. Small Business Administration (SBA), from 2007–2015 outstanding small business loans at credit unions more than doubled, while similar bank loans shrank by 10%.</p> <p>Access to capital, financial counselling and planning services, and lower-fee accounts is vital to millions of small businesses across the U.S. Credit unions understand this and are uniquely positioned to deliver the tailored finance solutions small businesses need.</p> <p>Original Source: http://lmcu.frc.finresourcecenter.com/Small_Business_Services_78922.html?article_id=2639</p> 2018-08-29 14:38 +00:00 2018-08-29 09:38 -05:00 https://wwfcu.org/blog/?p=2360 https://wwfcu.org/blog/avoid-this-dangerous-facebook-scam/ Fraud Social Media Facebook scam Avoid This Dangerous Facebook Scam Bugs, viruses and ransomware have all forced us to be diligent when it comes to our email. But what about social media? Scammers are tackling Facebook, Twitter and other channels as well. The Better Business Bureau warns that you need to have your guard up wherever, and whenever, you click these days. One Facebook scam Tue, 28 Aug 2018 13:08:02 Z Amy Neale <p>Bugs, viruses and ransomware have all forced us to be diligent when it comes to our email. But what about social media? Scammers are tackling Facebook, Twitter and other channels as well. The Better Business Bureau warns that you need to have your guard up wherever, and whenever, you click these days.</p> <p>One Facebook scam that’s trending involves government grant offers. Why it often works, is it appears to come from a person’s Facebook network of friends. You’ll get a Facebook message that promotes free grant money from the government. The message may also reference other friends or family you have on Facebook that have received the grant to make it seem more legitimate. It may also reference real government agencies or real public figures. No matter how it comes packaged, don’t fall for it.</p> <p>The messages ask you to supply personal information and a payment for “processing fees.” Unfriend and block these users immediately. If it’s from someone you know, chances are they’ve had their Facebook account hacked. Let them know via email or call/text that their account has been compromised. You’ll also want to report the scam and scammer to Facebook.</p> <p>The Better Business Bureau has <a href="https://www.bbb.org/avoidscams/">10 Steps to Avoid Scams </a>as well as a way to <a href="https://www.bbb.org/consumer-complaints/file-a-complaint/get-started">file a complaint about the scammers</a>. Also, if you think your Wayne Westland Federal Credit Union accounts have been compromised, call one of our Member Service Representatives immediately at (734) 721-5700.</p> <p><strong>Don’t forget, Wayne Westland Federal Credit Union members can get <a href="https://www.wwfcu.org/member-benefits/free-member-services/free-identity-theft-protection">free identity theft protection</a>. </strong></p> 2018-08-28 13:08 +00:00 2018-08-28 08:08 -05:00 https://wwfcu.org/blog/?p=2336 https://wwfcu.org/blog/atm-construction-is-underway/ ATM ATM Construction is Underway Monday was the day – our ATM replacement construction is now underway. For the next week or two, the ATMs next to our branch will be closed while we redo the area. While the construction is going on, you can visit our other ATM locations: • Westland Police Department – Lobby, 36701 Ford Road • Tue, 14 Aug 2018 13:43:14 Z Amy Neale <p>Monday was the day – our ATM replacement construction is now underway. For the next week or two, the ATMs next to our branch will be closed while we redo the area.</p> <p>While the construction is going on, you can visit our other ATM locations:</p> <p>• Westland Police Department – Lobby, 36701 Ford Road<br /> • Corner of Sims Street and Second Avenue in Wayne<br /> • <a href="http://www.cuswirl.com">Click here to find a fee-free ATM near you</a><br /> • You’re always welcome to come into our branch for your transactions too!</p> <p>Also, with the ATMs gone, s<strong>o is our night depository</strong>. Our new ATMs will not have this feature. We promise, a night drop solution is coming very soon. In the meantime, you may make your deposits during branch hours either with our friendly tellers or using the Speedy Teller deposit box located in our lobby.</p> <p>We appreciate your patience and understanding during the construction and promise our new ATMs will be worth the wait!</p> 2018-08-14 13:43 +00:00 2018-08-14 08:43 -05:00 https://wwfcu.org/blog/?p=2330 https://wwfcu.org/blog/what-you-need-to-know-about-personal-loans/ Loans What You Need to Know About Personal Loans In recent years, personal loans have become one of the fastest growing loan products. They’re appealing for many reasons: they can offer low interest rates for people with good to great credit, they can be for smaller loan amounts, and they can be used to pay for a range of life’s expenses, including consolidating debt, Mon, 13 Aug 2018 17:03:45 Z Dan DeRoeck <p>In recent years, <a href="https://wwfcu.org/products-services/loans/personal-loans">personal loans</a> have become one of the fastest growing loan products. They’re appealing for many reasons: they can offer low interest rates for people with good to great credit, they can be for smaller loan amounts, and they can be used to pay for a range of life’s expenses, including consolidating debt, covering an unexpected expense, or making home improvements.</p> <p>To determine if a personal loan is the right option for you, you’ll need to understand the loan’s terms and consider your other options for the getting the cash or line of credit you need.</p> <p><strong>Terms of a Personal Loan</strong></p> <p>Personal loans are typically unsecured and aren’t backed by collateral that the lender can use to repay the loan if the borrower defaults on payments. If a lender offers secured personal loans, they will usually use the borrower’s savings account, CD, or share certificate as collateral.</p> <p>A personal loan is also an installment loan where a fixed amount of money is paid back, with a fixed interest rate, in monthly installments over the life of the loan. This period can be anywhere from 12 to 84 months. As with other loans, selecting a longer repayment period lowers the monthly loan payment, but it also means paying more interest overall.</p> <p>Loan amounts range from $1,000 to as high as $50,000. Interest rates vary from five to 36 percent. Both the loan amount and its interest rate will depend on the lender and the borrower’s determined creditworthiness.</p> <p>Most lenders charge a one-time fee, called an “origination fee,” to cover their cost of processing the loan. This fee ranges from one to six percent of the loan amount. Usually this fee is included in the advertised APR of the loan. This means if someone needs a $10,000 personal loan from a lender that charges a five percent origination fee, the total loan will actually be $10,500, and this will be the number the interest rate is calculated on, not the lower $10,000 amount.</p> <p>Some lenders also charge a prepayment penalty if the loan is paid off early. It’s sometimes included in the interest fee (often under the term “pre-computed interest”). If possible, it’s best to avoid taking out a loan with kind of charge as part of the loan terms.</p> <p><strong>Other Lending Options</strong></p> <p>The two other lending options often considered alongside a personal loan are credit cards or a HELOC (home equity line of credit). Which of the three options is the best will largely depend on the borrower’s credit score and if they own a home.</p> <p>Credit cards offer both disadvantages and advantages over a personal loan. In general, credit cards have higher interest rates, those interest rates can increase (on future purchase made on the card or if a payment is made 60 days past due), and it can take up to 30 years to pay off the balance if only minimum payments are made each month.</p> <p>However, on the flip side, if you use a credit card to pay for the expense instead of a personal loan, you could benefit from the card’s rewards, like cashback. With good credit, you could qualify for a balance transfer credit card with a 0 percent introductory APR, allowing you to make the purchase and subsequent monthly payments without interest for a whole year. The last advantage is that a credit card gives you a revolving line of credit—as you pay off the balance, more credit is freed up for you to use again, whereas a personal loan is only for a set amount.</p> <p>For homeowners, they have the option of a HELOC. These are usually for larger loan amounts and they use the equity built up in the home as the collateral in the loan. Like a credit card, a HELCO is a form of revolving credit, allowing you to borrow more as you pay off the credit amount. A HEL, or home equity loan, works on similar principles, but it’s an installment loan. In both cases, if payments aren’t made on the loans, the lender has the right to foreclose on the home as payment.</p> <p><strong>Application Process</strong></p> <p>The application process for a <a href="https://wwfcu.org/products-services/loans/personal-loans">personal loan</a> is similar to other loans. The lender will make a hard inquiry on your credit report. They will consider your income, total debt, and credit score to determine your creditworthiness, which in turn will affect the amount they are willing to lend and at what rate.</p> <p>The hard inquiry on your credit report will affect your credit score, lowering it by a few points. The good news is that consistent, on-time loan payments will earn those points back, plus a few more. While shopping for the best rates and terms on a personal loan, be sure that the lenders are only doing soft pulls as part of the pre-approval process so that your score isn’t lowered further.</p> <p>Original Source: http://lmcu.frc.finresourcecenter.com/Loan__Credit_Management_78913.html?article_id=2681</p> 2018-08-13 17:03 +00:00 2018-08-13 12:03 -05:00 https://wwfcu.org/blog/?p=2310 https://wwfcu.org/blog/atms-will-be-down-beginning-august-13/ ATM Business ATM. renovation night deposit ATMs Will Be Down Beginning August 13 &#160; As of August 13, the WWFCU ATMs outside of our branch will be down for about two weeks. We know how much our members depend upon the convenience of these ATMs, and we apologize for the disruption. But we know you&#8217;ll love our new ATMs! &#160; During the renovation, there are a couple of Thu, 09 Aug 2018 12:52:52 Z Amy Neale <div> &nbsp;</p> <div>As of August 13, the WWFCU ATMs outside of our branch will be down for about two weeks. We know how much our members depend upon the convenience of these ATMs, and we apologize for the disruption. But we know you&#8217;ll love our new ATMs!<br /> &nbsp;<br /> <strong>During the renovation, there are a couple of things to keep in mind:</strong></div> <ul> <li>There are dozens of ATMs nearby, so just <span style="color: #ff6600;"><a style="color: #ff6600;" href="http://cuswirl.com/" target="_blank" rel="noopener" data-link-type="web">click here</a></span> to find a fee-free ATM near you</li> <li><strong>The ATM night depository will no longer be available</strong>. Our new ATMs will not have this feature. We promise, a night drop solution is coming very soon. In the meantime, you may make your deposits during branch hours either with our friendly tellers or using the Speedy Teller deposit box located in our lobby.</li> </ul> <div>WWFCU thanks you for your patience during our ATM renovation. Keep an eye on our <a href="https://www.facebook.com/WayneWestlandFederalCreditUnion/" target="_blank" rel="noopener" data-link-type="web"><span style="color: #ff6600;">Facebook</span></a> page or <span style="color: #ff6600;"><a style="color: #ff6600;" href="https://www.instagram.com/waynewestlandfcu/" target="_blank" rel="noopener" data-link-type="web">Instagram</a></span> account for ATM project updates during the renovation.<br /> &nbsp;<br /> <strong>Contact a WWFCU Member Service Representative with any questions: (734) 721-5700. </strong></div> <div></div> 2018-08-09 12:52 +00:00 2018-08-09 07:52 -05:00 https://wwfcu.org/blog/?p=2305 https://wwfcu.org/blog/new-federal-rule-for-mobile-deposits/ Checking Account Mobile Banking Checking mobile deposit New Federal Rule for Mobile Deposits Although Wayne Westland Federal Credit Union’s mobile app doesn’t include mobile deposits yet (we’re working on it, we promise!), a new rule by the Federal Reserve Board may still affect our members. Called Regulation CC, it’s changing how financial institutions are processing mobile deposits. If you’re unfamiliar with the term, mobile deposits let you use Fri, 03 Aug 2018 15:42:50 Z Amy Neale <p>Although Wayne Westland Federal Credit Union’s mobile app doesn’t include mobile deposits yet (we’re working on it, we promise!), a new rule by the Federal Reserve Board may still affect our members. Called Regulation CC, it’s changing how financial institutions are processing mobile deposits.</p> <p>If you’r<a href="https://wwfcu.org/blog/wp-content/uploads/2018/08/For-Mobile-Deposit.jpg"><img class="wp-image-2306 alignleft" src="https://wwfcu.org/blog/wp-content/uploads/2018/08/For-Mobile-Deposit-1024x854.jpg" alt="" width="326" height="259" /></a>e unfamiliar with the term, mobile deposits let you use a credit union or bank’s mobile app to take a photo of a check’s front and back and remotely deposit it into your account. The new rule, in effect as of July 1, now calls for checks to include “For Mobile Deposit Only” on the back where you endorse them. When you order new checks from us, you’ll see this phrase printed on the back of your checks with a checkbox <em>(see photo)</em>.</p> <p>&nbsp;</p> <p>The reason for this change? The Fed says they’ve seen people make mobile check deposits and then turn around and cash the same check – essentially getting paid twice for one check. Regulation CC has been put into place to protect both you, the member, as well as the financial institution processing the check.</p> <p><strong>If you have any questions about this, please stop by our branch or speak to a WWFCU Member Service Representative at (734) 721-5700.</strong></p> 2018-08-03 15:42 +00:00 2018-08-03 10:42 -05:00 https://wwfcu.org/blog/?p=2297 https://wwfcu.org/blog/we-promise-our-new-atms-will-be-worth-the-wait/ ATM ATMs renovation We Promise Our New ATMs Will Be Worth the Wait The good things in life are worth waiting for. WWFCU feels our upcoming new ATMs fall into that category – and we hope you’ll feel the same way. Our New ATMs To help build excitement, we thought we’d share a few facts about our new ATMs: Tilting screens for various vehicle heights Envelope-free deposit capabilities Fri, 27 Jul 2018 13:11:30 Z Amy Neale <p>The good things in life are worth waiting for. WWFCU feels our upcoming new ATMs fall into that category – and we hope you’ll feel the same way.</p> <p><strong>Our New ATMs</strong></p> <p>To help build excitement, we thought we’d share a few facts about our new ATMs:</p> <ul> <li>Tilting screens for various vehicle heights</li> <li>Envelope-free deposit capabilities for cash and checks</li> <li>The latest security features including anti-skimming devices</li> <li>ADA-compliant including an earphone jack</li> <li>Protective canopies to shelter our members from inclement weather</li> </ul> <p>Construction on our new ATMs begins the week of August 13 and will last a few weeks. While they’re being replaced, you can visit our other ATM locations:</p> <ul> <li><strong>Westland Police Department – Lobby</strong><br /> 36701 Ford Road</li> <li>Corner of Sims Street and Second Avenue in Wayne</li> <li>Visit <strong><a href="http://www.cuswirl.com">cuswirl.com</a> </strong>to find a fee-free ATM near you</li> <li>You’re always welcome to come into our branch for your transactions too!</li> </ul> <p>We apologize for any inconvenience, but we promise the long-term benefits of having new ATMs will be worth the wait!</p> <p><strong>Questions? Speak to a WWFCU Member Service Representative at (734) 721-5700.</strong></p> 2018-07-27 13:11 +00:00 2018-07-27 08:11 -05:00 https://wwfcu.org/blog/?p=2290 https://wwfcu.org/blog/do-you-know-the-difference-between-being-pre-approved-and-pre-qualified-for-a-home-loan/ Home Loans Do You Know the Difference Between Being Pre-approved and Pre-qualified for a Home Loan? Although the terms sound interchangeable, they represent two different stages in the home loan application process. If you begin looking at houses when you are pre-approved but not pre-qualified, you could fall for a house you can’t truly afford, or you’ll lose out to another buyer who is further along in the mortgage and buying Wed, 18 Jul 2018 13:37:59 Z WWFCU <p>Although the terms sound interchangeable, they represent two different stages in the home loan application process. If you begin looking at houses when you are pre-approved but not pre-qualified, you could fall for a house you can’t truly afford, or you’ll lose out to another buyer who is further along in the mortgage and buying process. Save yourself time, energy, and heartache by reading up on the two processes and taking the time to research the best deal from lenders.</p> <p><strong>Pre-qualified</strong></p> <p>Getting pre-qualified by a lender is the first step in the mortgage process. You can approach multiple lenders to learn about their mortgage options, what they recommend for your situation, and how much they will pre-qualify you for. The process can be done in person, over the phone, or on the Internet—for free, usually. All the lender will need is your overall financial standing, including your debt, income, and assets. At this time, the lender will take your word on these numbers and will not conduct an analysis—or hard inquiry—of your credit report or ability to purchase a home.</p> <p>Because pre-qualification for a home loan is based only on the financial information you provide to the lender, and not based on a full credit report and pay stub evidence, your pre-qualified loan amount is not guaranteed. It is an amount you might expect to be approved for.</p> <p>This is why being a pre-qualified buyer doesn&#8217;t carry the same weight as being a pre-approved buyer, who has been more thoroughly investigated, when it comes time to put an offer on a house.</p> <p><strong>Pre-approved</strong></p> <p>After pre-qualification and selecting your home loan lender, you’re ready to complete an official mortgage application (usually for a small application fee) and become pre-approved. As part of the application, your lender will conduct an extensive and thorough investigation on your financial background and current credit score. They may also require past pay-stubs or further proof of income, especially if you’re self-employed. With this information, they can give you an exact approved mortgage amount, as well as an interest rate on the loan.</p> <p>With your pre-approval, you’ll receive a conditional commitment for the loan amount. This allows you to look for a home you can realistically afford. And it puts you another step closer to obtaining an actual mortgage. When you find the right house for you, you&#8217;ll fill in the appropriate details—like price of house and address—and your pre-approval will become a complete application.</p> <p>Following the process of pre-qualification and then pre-approval before you begin looking at houses ensures you don’t waste time looking at houses you can’t afford.</p> <p>Original Source: http://lmcu.frc.finresourcecenter.com/House__Home_78904.html?article_id=2653</p> 2018-07-18 13:37 +00:00 2018-07-18 08:37 -05:00