If you have not yet devised a retirement strategy, now is the time. If your Sandy employer offers a retirement plan, hopefully you are taking advantage of it. Many Salt Lake City employers make matching contributions – tax-free money that will earn interest until you retire!

Self-employed Sandy residents have to go it alone when planning and saving for their golden years. Sandy Beehive Credit Union can help. We offer a variety of retirement savings accounts for Draper and Midvale investors.

A Beehive Individual Retirement Account (IRA) is the cornerstone of many Sandy credit union members’ retirement savings plan. We offer a variety of IRAs to meet your needs, including the Traditional IRA, ROTH IRA and a Coverdell Education Savings Account.

Certificate IRAs are also available.

Tiered interest rates offer even higher savings for Midvale and <~NearCityThree banking checking account holders. Whichever IRA you choose, it will undoubtedly help you save for your future with great tax advantages, too. Each individual IRA is insured up to $250,000 by the NCUA.

If you have questions about how to save for retirement, Sandy Beehive Credit Union manager Candy Bachman would be happy to help you calculate retirement financial needs and choose the best type of account.

Call 801-484-8811 or visit http://www.beehivecredit.com.

Sandy Beehive Credit Union is excited to help our members more effectively control their finances with FinanceWorks. FinanceWorks uses easy-to-understand charts to represent your spending patterns. Transactions are updated just as fast as FinanceWorks receives the information – often immediately! You don’t have to guess when checks will clear or when automatic drafts will be taken.

Sandy credit union members who have started using this powerful accounting tool say that it is helping them put more money into savings and pay down their debts quicker.

Because you access FinanceWorks from your trusted Sandy Beehive Credit Union online banking login, there is no need to download any additional software.

Take an online tour of Beehive FinanceWorks. With FinanceWorks, Beehive is the top Utah bank of online banking. If you don’t currently use Beehive Online Banking, what are you waiting for?

Call us at 801-484-8811 so we can help you get going with the most powerful and easiest-to-use personal financial management tool available anywhere!

1) What is your loan balance?
The loan balance for your Salt Lake City home loan can be found on your monthly statement. If you do not receive a paper statement, contact your Utah mortgage lender to find out your rate and all the additional details about your mortgage loan.

2) What is your interest rate and loan terms?
In order to compare interest rates for Salt Lake City mortgage loans, it is essential to know what you are currently paying. You also need to know if your loan is an ARM (Adjustable Rate Mortgage) or fixed. A fixed loan retains the same interest rate throughout the life of the loan. The interest rate for an adjustable rate loan fluctuates. Other loan terms can affect your refinance decision, such as prepayment penalties. These must be factored in to determine if a refinance would be cost effective.

3) How much equity do you have?
Draper and Midvale home values are not what they once were. The amount of equity you have affects the interest rate you can obtain. Generally, greater equity means a lower interest rate.

The mortgage specialists at Sandy Beehive Credit Union can help you determine if a refi would save you money. We can be reached at 801-484-8811 and http://www.beehivecredit.com. Beehive wants the chance to offer you a lower interest rate on your West Jordan mortgage loan. You can apply at http://www.beehivecredit.com/contact_locations.shtml.

In addition to lowering your monthly payment, refinancing your Salt Lake City home mortgage loan at a lower interest rate can save you thousands of dollars over the life of your loan. Replacing an ARM with a fixed rate loan can provide peace of mind now and in the future. Let Sandy Beehive Credit Union simplify the refi process. Contact us today!

Our FreeBee checking is aptly named. With FreeBee you get Free Bill Pay, Free Bee-Online access, a Free Visa Debit Card and Free Phone-24 access. You also get free money orders and free checks. Many other Utah credit unions and banks charge over fifteen dollars for a box of basic paper checks! Of course, if you use Online Bill Pay, you won’t need many checks – you can pay your bills quick and easy online!

Sandy Beehive Credit Union’s Free Bee account is sometimes called a savings checkings account because it pays interest on balances over $500. The FreeBee Plus checking account pays a higher interest rate on higher balances.

If you are opening your first Midvale checking account and have not yet used a debit card, you are going to love the convenience. It is even easier than using cash or a checkbook. Swipe your Visa Debit Card at Draper supermarkets, gas stations, theaters, restaurants (most every store or place of business) and the funds will be taken directly from your Beehive FreeBee checking account. With your PIN, which you can select at your Sandy Beehive branch, you have free access to your money at any CO-OP Network ATM. Our Visa Debit Cards are accepted at places of business around the world.

A Beehive Credit Union checking account is the best choice for smart Utahns!

If you have never used Sandy Beehive Credit Union Sandy Online Bill Pay, you are spending way too much time writing checks, buying stamps and stuffing envelopes. Most of us pay the same bills every month: insurance premiums, mortgage payments, Salt Lake City gas and electric bills, credit card payments, Midvale cable TV, and Utah internet service providers, just to name a few.

Sandy Beehive Credit Union Online Bill Pay is easy to set up and even easier to use. The Bill Pay guide at http://www.beehivecredit.com shows you how. Of course, you can always call 801-484-8811 for help getting started or stop by the Sandy branch at 10490 S. 1300 E. in Sandy to talk to an account specialist.

Sandy Direct Deposit is another Beehive service that makes your life easier. With Sandy Beehive Credit Union Direct Deposit, you will never have to stand in line on payday again! You can have all or part of your paycheck deposited directly to the personal or business account of your choice. (This works for any type of check, including Social Security checks.)

The Sandy Beehive Credit Union website contains all the sign-up forms you need for these and other services. Don’t forget; you can apply for loans, change your address, order checks and apply for new accounts online.

It’s not that we don’t like to see you come into the Sandy office, we simply acknowledge that it is not always convenient in the course of your busy day, and so we have made it easy for you to bank online with Beehive.

Sandy Beehive Credit Union
10490 S. 1300 E.
Sandy, Utah 84094
801-484-8811

http://www.beehivecredit.com

Sandy Beehive Credit Union offers a variety of business loans including SBA loans, business real estate financing and express lines of credit.

Many people in other parts of the country have had a difficult time finding financing in the past few years as the credit market has tightened. Business owners in Salt Lake City are fortunate to have a local institution with plenty of money to lend. Beehive banking always offers competitive rates on all our different loan products.

We know that Sandy entrepreneurs are busy managing their companies. The loan application process at Beehive is hassle-free. Our business loan specialists do most of the work for you. Check http://beehivecredit.com/business.shtml for current interest rates.

Draper business owners can also benefit from Beehive Cash Management. Cash Management is an electronic banking system designed for business banking. It’s secure with password protection and has a variety of business banking features to help you manage your business finances with ease. You can learn more about this powerful tool at our online business loans website.

If you are a Sandy Beehive Credit Union member but have business accounts at another Utah bank, you might want to consider transferring your business accounts to Sandy Beehive Credit Union.

Sandy Beehive Credit Union is the perfect partner for Salt Lake City business owners. Beehive offers Free Business Checking, an account similar to our personal checking account. We charge no setup costs, monthly maintenance fees, or per check charges. If you travel frequently on business, you will appreciate the free use of CO-OP Network ATMs and a Free Visa Credit Card to use as an overdraft source (see http://www.beehivecredit.com/contact_locations.shtml for details.)

While some Draper banks and Midvale credit unions have started charging fees for Direct Deposit and account phone access, these are both free with a Beehive Business checking account. Our free business checking is only one of the services that makes managing business finances easier. We will talk about additional business services in future articles.

Sandy Beehive Credit Union is located at 10490 S. 1300 E. in Sandy. Our phone number is 801-484-8811. If you have questions about business banking, you may call manager Candy Bachman or a neighborly member of our team.

One Utah business owner endorsed Beehive business banking by saying: “I have had my personal as well as business accounts with Beehive for close to 15 years. Enough said.”

Basic savings interest accounts at Beehive have a low minimum balance requirement of $25. Interest is paid quarterly on balances over $100.

With a Sandy Beehive Credit Union money market account you can earn high interest and still have access to your money. Beehive offers three different types of high money market accounts for Utah credit union members.

Sandy Beehive Credit Union’s traditional high money market account pays interest on balances over $5000. The interest rates increase as your balance grows. Salt Lake City credit union account holders can make six withdrawals per month without incurring any fees. See http://www.beehivecredit.com for money market account rates.

If you already do your banking online, an online money market account is probably the best type of money market account for you. The Sandy Beehive Credit Union online high interest account is similar to the traditional money market account, however, it must be applied for and opened on Beehive’s Deposits website. (Most online bankers wouldn’t want to do it any other way.)

Sandy Beehive Credit Union’s high yield money market savings account is for Utah credit union members who have a balance of $30,000 or more. These accounts pay monthly rates interest using a day-in-to-day-out computation method.

Sandy Beehive Credit Union also offers interest earning checking accounts. Beehive’s Free Bee Checking pays interest monthly on average daily balances over $500.

If you need more information about these accounts, call 801-484-8811 to talk to a neighborly account specialist.

There is no reason not to earn interest on your money at Sandy Beehive Credit Union.

Every Midvale and West Jordan home is unique, and so are the lending needs to go with each home and home owner. Beehive has multiple mortgage products to fit your individual needs.

If you have never obtained a mortgage loan before, you may be nervous about the stories of ’surprise’ interest rate jumps and hidden fees not disclosed up front. At Sandy Beehive Credit Union, you don’t have to worry about tricks used by predatory lenders to take advantage of unsuspecting Sandy borrowers.

Sandy Beehive Credit Union has been part of your community for over sixty years. We have financed home loans for many of your Draper friends and neighbors and look forward to serving West Jordan families for many more years to come. Our neighborly home loan specialists walk first-time Salt Lake City homes buyers through the mortgage application process and help them understand all the details of the loan terms.

Buying a home involves a fair amount of paperwork. Sandy Beehive Credit Union simplifies a major part of the transaction, the mortgage application process.

Contact one of our loan officers at 801-484-8811 for more information about Salt Lake City mortgage financing.

At Sandy Beehive Credit Union, we provide credit union services designed to protect your information. E-Statements are a secure record of your account activity and cannot be stolen from your mailbox. When contacting us online, be sure to use our online secure form which can be accessed from http://www.beehivecredit.com.

Though online fraud is a continual threat for Sandy credit union bankers, identity theft is more often committed offline.

A recent Javelin Identity Fraud Survey Report contains some surprising facts about identity theft:

The most frequently reported source of information used to commit fraud is a lost/stolen wallet or checkbook.

Among cases where the perpetrator’s identity is known, half of all identity fraud is committed by a friend, family member, relative, neighbor or in-home employee.

The majority of identity fraud crimes are self-detected.

It is important to review your Salt Lake City bank or credit union account activity on a regular basis. Obtaining and reading your credit report can also alert you to problems. Ironically, there are a multitude of credit report scams, so be sure to see http://www.beehivecredit.com for instructions on safely ordering a free credit report from an agency approved by the Federal Trade Commission.

If you haven’t read the Sandy Beehive Credit Union fraud alerts on our website, we urge you to do it soon. We hope our members use the valuable information to help protect themselves from identity theft and banking scams.