2020 SUMMER NEWSLETTER | VOLUME 38 | ISSUE 3
Join Us!
UARK Federal Credit Union's 55th Annual Meeting
Be a part of the credit union difference! Unlike banks, credit unions are not-for-profit and governed by a member-elected Board of Directors. Join us on  Wednesday, September 16 at 6:30PM . At this time, a location has not been confirmed.  

If you are interested in serving as a volunteer on the Board of Directors or Supervisory Committee, please call 479-521-1199 and ask for an application. The deadline to apply for the 2020-2021 year is September 8, 2020 at 5:00PM.
FREE Annual Shred-It Event
Friday, September 18
Visit our Fayetteville office on W. Van Asche Drive for our annual Shred-It Event. Enjoy a snack and FREE shredding of your confidential documents.

Friday, September 18, 2020
11:00AM – 2:00PM
50 W. Van Asche Drive, Fayetteville
Is Your Account Active?
Perform a Deposit or Withdrawal Today
Don’t let your UARK FCU account go “dormant!” A UARK account is considered dormant if there is no activity (deposit or withdrawal) for 12 months or longer.

It’s easy to activate your account – just perform a deposit or withdrawal. 
 
While every state is different with regards to an account being deemed reportable, the State of Arkansas mandates that if an account meets the state's dormant account criteria, it must be reported as unclaimed funds or escheated.

Please visit the State of Arkansas Unclaimed Property website at www.ark.org for more details on dormant and escheat account information. The Division of Unclaimed Funds requires all banks, credit unions, insurance companies and other financial institutions to send them all funds in accounts deemed dormant.
 
UARK FCU is beginning the annual review process of inactive and dormant accounts. Members with dormant or abandoned accounts will receive notification letters with instructions on how to re-establish their accounts to active status.
Brighten Your Summer with Skip-A-Payment
Keep your cash for summer fun in the sun by taking a break from your loan payment. Summer Skip-A-Payment is easy! To get started, either complete and return this form or this   e-form   along with a $25 processing fee for each loan payment.
Summer Saver
Our Summer Saver is a great way to save for next year’s summer vacation. Already have a Summer Saver? You can withdraw funds from June 1 – August 31.
2020 Fount Frederick Scholarship Winners
Congratulations to our scholarship winners, Brylee from West Fork and Emily from Lonsdale!

Every year, we give out $1,000 scholarships to graduating high school seniors who’ve shown great personal achievement and have well-defined goals for their future. We wish this year’s winners the best of luck!
Is There a Doctor in the House?
Physician Home Loans

Congratulations – you have achieved your goal of becoming a doctor, and now our goal is to make it easier for you to get into the home of your dreams! UARK FCU has home financing options designed just for you.

Advantages and Benefits:
·        Up to 100% financing
·        No Private Mortgage Insurance (PMI)
·        Fixed and adjustable rate options
·        Minimal out-of-pocket expenses, allowing you financial flexibility

For more information or to apply, contact:
Serena Hampton
Senior Mortgage Loan Officer
Phone: 479-521-1169
NMLS #332655
Effective July 1, 2020 our Funds Availability policy will change to the following:
We are increasing the amount we make immediately available for withdrawal by checks not subject to next day availability from $200 to $225. In addition, the amount available for withdrawal on the second business day after the day of your deposit for large deposits, will increase from $5000 to $5,525.
Holiday Closings
Labor Day – Monday, September 7, 2020
UARK Federal Credit Union | Fayetteville-Administration Phone 479-521-1199
Little Rock/UAMS Phone 501-686-6419 | Fayetteville-South Hill Phone 479-313-8999