July 2022 QuickNote
What is a Home Equity Loan?

A Home Equity loan allows you to borrow against the equity in your home. The loan amount is based on the difference between the home’s current assessed market value and any liens, such as the amount you owe on your mortgage. Home Equity Loans are often referred to as a Second Mortgage.

What can a Home Equity Loan be used for?

The money you receive from a home equity loan can be used for almost anything!
  • Home improvements
  • Debt consolidation
  • Wedding expenses
  • Vacation
  • Almost anything!

What are the benefits of a Home Equity Loan?

  • Low closing costs
  • Fixed interest rate
  • Interest paid on the loan is generally tax-deductible*
  • No penalty for early payoff
  • Borrow up to 90% of the equity you have in your home ($10,000 minimum)
  • Generally offered at a much better interest rate when compared to a personal loan, credit cards, and other unsecured loans.
*Be sure to check with your tax professional. Home Equity Loans are only available from homes located in Iowa. Federally insured by the NCUA. Equal Housing Opportunity.
RECREATIONAL LOANS

NO PAYMENTS FOR 3 MONTHS

on 2020 - 2022 qualifying loans!
*All loan financing is based upon credit qualifications. Offer applicable to new money only. Other restrictions may apply. Please see credit union for full details and disclosure. Offer subject to end without notice. Equal Housing Opportunity. Federally Insured by the NCUA.
The Card Conversion step of the System Upgrade is now complete. We are happy to report that all card transactions will now be processed in real-time. Thank you for your patience.


Online Bill Pay Update
  • You should now see Online Bill Payments deducted from your account once you schedule a payment.

Debit Card Updates
  • Your account balance will now reflect all card transactions, and you will be able to see the dollar amount and company of pending card purchases.
  • ACH payments and checks will NOT be reflected in your balance until those transactions clear.
  • Daily debit card limits still apply.
  • Venmo, Cash App, and Pay Pal are all working now.

Member Appreciation

Please join us for POP-IN Member Appreciation events on:

  • Friday, July 22nd, from 2 pm – 4 pm
  • Friday, August 26th, from 2 pm – 4 pm
 
Sarah Buehler and Gabe Rohwedder of Securian will serve treats and answer your financial questions. We look forward to seeing you! 
Credit Cards for Summer Fun

Using your credit card to pay for your summer fun and summer travel is a safer way to pay. Credit cards give a little extra protection if you encounter problems along the way and need to dispute any charges.

Apply today for a QOCU MasterCard Credit Card and enjoy these benefits:
  • NO annual fee.
  • NO balance transfer fee*.
  • NO charge for a cash advance.
  • Fixed interest rate as low as 10.99% APR*.
  • 25-day interest-free grace period on purchases.
  • Payments are only 4% of your balance each month or a minimum of $10.00 per month.

Before You Travel - Be sure to contact us with your travel dates and destinations so that we can minimize the chance of your cards being blocked or flagged for unusual activity. For 24/7 assistance with card problems please call 1-866-508-2693.

International Travel - QOCU MasterCard Credit Cards are not recommended for international travel.
*Annual Percentage Rate. Credit Card offered with approved credit. Not all members will qualify..*No balance transfer fee when doing a cash advance. 
Teen Accounts 

Like many parents, you may have opened a savings account for your child when he or she was a baby. If you've been teaching them money management skills and they have shown financial responsibility, then, when they become teenagers, a debit card/checking account from Quaker Oats Credit Union can be a great next step.
Dates to Remember

Monday, July 4th - Closed in observance of Independence Day

Friday, July 22nd - POP-IN Member Appreciation from 2 pm – 4 pm

Friday, August 26th - POP-IN Member Appreciation from 2 pm – 4 pm

Monday, September 5th - Closed for Labor Day

Remember, even when we're closed, we're still open. Access your account information 24/7 with QOCU Mobile App or Online Banking!
3535 Center Point Rd. NE
Cedar Rapids, IA 52402-5530
Phone: 1-319-395-7060
Toll-Free: 1-800-519-9762
Fax: 1-319-395-7135

NEW Lobby & Drive-Up Hours 
Monday: 9:30 am – 4:30 pm
Tuesday: 9:30 am – 4:30 pm
Wednesday: 9:30 am – 4:30 pm
Thursday: 9:30 am – 4:30 pm
Friday: 9:30 am – 5:00 pm

Closed Daily for Lunch 1:00 pm – 2:00 pm

Federally insured by the NCUA. Equal Housing Opportunity.