New Horizon Credit Union Merger

As outlined in the announcement from the New Horizon Credit Union board, the primary reasons for the merger are to:

• Provide continued value of credit union membership;
• Provide expanded access to products and services; and
• Address challenges of competition, regulation, and succession planning.

The effective date of the merger is projected to be May 1, 2022

The merger will result in your membership and accounts being transferred to the University of Illinois Community Credit Union (UICCU). New Horizon Credit Union assets and liabilities will be combined with UICCU and New Horizon Credit Union will cease operation as a credit union.

New Horizon Credit Union members will vote at a special membership meeting at 8:30 a.m. on Saturday, February 5, 2022 at Flight Line Event Center, Vermilion Regional Airport, 22633 N. Bowman Ave, Danville.

It is not necessary for UICCU members to vote. The UICCU Board of Directors has already voted in favor of the merger, as has the New Horizon Credit Union Board of Directors.

Several New Horizon Credit Union board members plan to serve on an Advisory Board to UICCU.

You can find the locations and hours of all of our branches on our Branch & ATM Locations page.

UICCU owns or partners on over 50 ATMs in Champaign County, over 10 ATMs in Vermilion County, and over 50,000 ATMs nationwide. Click here to find locations.

217-278-7700, or toll-free 877-678-4328
Fax: 217-244-5789

271176899

You’ll find many additional products available to you, including:

• Expanded Checking Account Options
• VISA Credit Card with Rewards
• Expanded Certificate Terms
• IRA Certificates
• Money Market Accounts
• Home Mortgages
• Home Equity Loans
• Lines of Credit
• And more!

You’ll find many additional services available to you, including:

• Expanded Digital Banking Functionality
• Mobile App
• Real Time Remote Deposit
• Expanded ATM access – Locally and Nationally
• eStatements
• Free Online transfers to and from other Financial Institutions
• International Wire Transfers
• Investment and Retirement Planning Services
• Trust Services
• Safe Deposit Boxes
• Additional Branches
• Nationwide Shared Branching Network of over 5,000 Branches

Yes, you will receive information by mail in advance of the merger date, including your new UICCU account number.

Your New Horizon Credit Union accounts will migrate under the account number described above and will be separate from any existing UICCU accounts. You may request that accounts be combined after the merger takes place.

New Horizon Credit Union will be closed on Friday, April 29 and Saturday, April 30 in order to complete month-end processing and complete the data migration to UICCU’s computer system.

Plans call for the current New Horizon Credit Union office to remain open.

• No branch access on Friday, April 29 and Saturday, April 30.
• No Home Banking access on Friday, April 29 through Sunday, May 1
• Debit card access will be available on your New Horizon Credit Union debit card through Saturday, April 30.
• Debit card access will be available on your new UICCU debit card starting Sunday, May 1.
• New Horizon Credit Union VISA credit card access will be available throughout the merger period.
• You may write checks as usual during the merger period.

The final day of Home Banking access on the existing New Horizon Credit Union Home Banking program will be Thursday April 28. A blackout will start on April 29, and you’ll be able to register for UICCU’s Digital Banking after May 1.

On May 1, the account merger process will be underway and data verification will be taking place. Full access will be made available as soon as possible after completion of this process.

For your security and protection, you will be required to present a valid driver’s license, state ID, or passport for information on your account and to conduct transactions.

Your current account agreements and loan documents are sufficient. We do ask that you provide your email address to UICCU in order to utilize Digital Banking services and to facilitate ongoing communication from the credit union. Now is also a good time to review contact information, any joint owners, and beneficiaries for all your accounts.

Your current Payroll Deduction that goes to New Horizon Credit Union will automatically be directed to your new UICCU account(s).

UICCU currently pays .05% APY on Regular Savings. Dividends are paid monthly.

The rate will be based on UICCU’s Vacation Club Account rate and dividends will be paid monthly.

Yes, you will be able to access funds during the year for a $5 withdrawal fee. Funds in the account will be transferred to Share Savings on October 1 each year rather than on November 1. The rate will be based on UICCU’s Christmas Club account and dividends will be paid monthly.

Yes. Your New Horizon Credit Union Checking Account will be converted to a UICCU iChecking Account. You will receive a mailing with specific information about iChecking.

iChecking is a totally free account. Benefits include:

• Free debit card with online card controls
• Free Online Bill Pay and Person-to-Person transfers
• Free Digital Banking and Mobile App
• Free transfers to/from your external accounts
• Real time mobile check deposit
• Free electronic statements
• Free Overdraft from savings
• Higher limit on daily ATM withdraws and debit card purchases
• Digital Wallet (Apple Pay, Google Pay, and Samsung Pay)
• And More.

You should receive your new UICCU debit card during the second half of April. You must activate and use this card on and after May 1, 2022. Cards will be sent to your address of record with New Horizon Credit Union.

Most debit card transactions will post immediately to your checking account, providing for a more up to date balance being shown in Digital Banking or on the UICCU App.

• Automatic payments – automatic payments currently set up with New Horizon’s routing number and checking account number will continue to post(ACH transactions)
• Checks – New Horizon checks will continue to clear

Debit Card – Start using your new UICCU debit card for everything on May 1stUpdate your debit card information with merchants and companies who have your debit card on file for recurring payments

Bill Pay – payments will process until 4/28/2022

• Save Payment History – Save your payment history from NHCU online bill pay before 4/28/2022
• Login – Login to UICCU Digital Banking
• Set-Up – Set up online bill pay by clicking “Pay” or “Pay my Bills”
• Add Payees – Set up your payees
• Schedule Payments – Schedule your payments

Yes, for checking accounts UICCU charges $2 per month for paper statements, unless you are under age 18 or over age 65. This fee will be waived for your May statement. Please enroll in eStatements in UICCU’s Digital Banking system.

UICCU may pay checks or recurring ACH items presented for payment and allow your account to go negative in doing so, rather than returning the item to the payee. A $30 Courtesy Pay fee will be charged for each item paid in this way. You may also add Courtesy Pay protection for debit card, ATM, and other transactions.

Access Digital Banking from UICCU’s home page at www.uoficreditunion.org or download our mobile app “UICCU” for Apple or Android.

To register for Digital Banking, all you’ll need is your UICCU Account Number, the last 6 digits of your Social Security Number, and an active email address on file. You’ll be prompted to create a new username and password, and then you’re in!

Yes, but way better.

• Mobile app that seamlessly transitions to a desktop or tablet
• Free credit score and credit monitoring
• Bill Pay
• Person to Person transfers
• Transfers to/from your external accounts
• Account alerts
• Real-time mobile check deposit
• Enhanced security features
• Online check images
• And so much more!

Any existing scheduled transfers or payments will need to be rebuilt. This can be done in four clicks in UICCU’s Digital Banking under “Transfers”.

Good news! Your current loan rate, payment, due date, and terms will remain as is. Any new loans or refinances will be based on UICCU’s rates and terms in effect at the time of the loan.

You have a number of payment options, including:

• Schedule a one-time or recurring payment in UICCU Digital Banking from any of your UICCU accounts
• Schedule a one-time or recurring payment in UICCU Digital Banking from your accounts elsewhere
• In person or by mail

Nope! None of our payment options require a loan coupon. You may make a payment at any branch location or, even better, at your fingertips with UICCU Digital Banking!

For loans with Credit Life or Credit Disability Insurance made prior to October 1, 2021, the coverage you have will transfer to your loan with UICCU.

For loans with Credit Life or Credit Disability Insurance made on or after October 1, 2021, you will get a notice of cancellation and an opportunity to select replacement coverage through UICCU via a separate mailing.

We recommend that you notify your auto insurance agent of the merger. Let them know that the lienholder on your loan is now:

University of Illinois Community Credit Union
Insurance Tracking Center
PO Box 924116
Fort Worth, TX 76124

Fax: 877-548-2416
Toll Free: 866-315-2133

Note: A Third-Party provider, State National Company, will monitor your loan for ongoing insurance coverage. If you get a letter from State National regarding a lapse in coverage it is imperative that you respond to it promptly to prevent expensive supplementary insurance from being added to your loan.

Insurance will need to have full coverage comprehensive and collision insurance with no more than a $1000 deductible and UICCU listed as lienholder.

Not right away. Your existing New Horizon Credit Union VISA card will continue to work through the merger. Click here if you’d like to upgrade to a UICCU VISA card.

You can continue to access information on your New Horizon Credit Union VISA account at www.ezcardinfo.com, or by calling 1-800-322-8472. Upon upgrading to a UICCU VISA you will have online access in UICCU Digital Banking and direct assistance from UICCU staff.

Not yet. Until you upgrade to a UICCU VISA, please continue to mail payments to:

P.O. Box 4521
Carol Stream, IL 60197

While you are still using your New Horizon Credit Union VISA credit card, report any fraudulent transactions by calling 1-800-322-8472.

If you have automatic payments set up currently those will continue.

No. Please click here to apply for a UICCU Visa to start earning UICCU Rewards.

Rates and terms on certificates will not change until the next maturity date. Following the merger, dividends will still be paid monthly until your certificate renews, after which UICCU pays dividends quarterly.

At maturity, New Horizon Credit Union certificates will be renewed into a UICCU Share Certificate of the same term. You will receive a notification of maturity a month before your certificate matures. UICCU offers certificate terms ranging from 90 days to 60 months if you’d like to change to a new term. UICCU Certificates pay dividends monthly and at maturity.

Your mortgage will be transferred from New Horizon to UICCU and the same terms will remain.

You may establish online access through UICCU Digital Banking.

No, UICCU uses a service provider, TruHome Solutions. You can expect to get further information directly from TruHome

A Welcome Letter will be issued from TruHome Solutions with important payment instructions. You will be able to mail payments directly to TruHome or UICCU, visit a UICCU branch location, or through UICCU Digital Banking.

Your IRA Savings accounts will transfer over to a UICCU IRA Savings with a current rate of .05%.

UICCU offers IRA Certificates from 1 to 5 years.

UICCU also provides Investment and Retirement planning services with a multitude of IRA options through the Financial Advisors in their Investment and Retirement Planning Services