Quaker Oats Assistance
We’re saddened by the closure of the Quaker Oats plant in Danville, and we understand its impact on our members and the community. We’re here to help. UICCU is proactively taking steps to assist affected Quaker Oats employees by implementing supportive measures for their accounts, starting June 1st – December 31st, 2024.
Quaker Oats Closure Seminar
Tuesday, May 7th, Gilbert Street Branch
210 N Gilbert St, Danville
We’ll be reviewing the items below and present the options available for your 401k, including Leave It, Roll It, Cash Out and Transfer to IRA. There are significant factors to consider with each option, and we hope you’ll join us. Multiple session times are available.
Learn more about:
- Several Fee Waivers on UICCU accounts, including checking, consumer loans, and Visa credit card accounts
- Waiver of Early Withdrawal Penalties on UICCU Certificates
- Mortgage Modification Options on UICCU First Mortgages
- Special IRA Certificate Rate for 401k Rollovers
- Additional 401k Options
Account Assistance
Effective June 1 – December 31, 2024
Checking Fee Waivers
Checking fees will be automatically waived for those affected.
- Courtesy Pay Fees
- NSF Fees
- $6 Loyalty Checking Fees
- Illini PLUS Checking Fees
Loan Relief
- Late Fee Waivers
- Hardship Extensions – 2 month deferral without fees*
- Skip-A-Pay – under regular terms*
- UICCU First Mortgage Loan Modification*
Visa Relief
- Late Fee Waivers
- Hardship Extensions – 2 month deferral without fees*
Certificate Relief
- No penalty for full or partial certificate withdrawals*
401K Assistance
-
Special Credit Union Traditional IRA Certificate Option:
- 3-year Certificate
- Special Rate for Quaker employees: 3.50% APY
- No UICCU Early Redemption Penalty withdrawals to move to another investment provider during initial 3 year term
- No UICCU Early Redemption Penalty withdrawals for current expenses, limited to one/month (this is a taxable withdrawal also subject to IRS early withdrawal penalties if applicable)
Find out more about UICCU’s Investment & Retirement services here.
*Available on Member Request
Contact Us
Don’t hesitate reach out to us with questions or to take advantage of the assistance available to you. And, visit our Financial Wellness Center for additional information and tools.