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Holiday Spending Woes? UKFCU can Help you get Back on Track

Holiday Spending WoesHoliday spending adds up rather quickly. It’s almost enough to make one say bah humbug! Actually, overspending can cause bouts of anxiety, but there are answers to help ease your distress. If you’re already suffering from a financial hangover brought on by too much holiday spending, there is something you can do—refinance your auto loan with the University of Kentucky Federal Credit Union.

That’s right, UKFCU offers lower interest rates than most banks and rates well below those offered by the finance companies. Not only can car refinancing with UKFCU lower your monthly payment and your interest rate, you could get some cash back, too!

With the University of Kentucky Federal Credit Union’s Better Your Loan program, you can refinance your higher-interest rate car loan and earn 1 percent cash back on the loan amount.* The minimum loan amount is $5,000 and the loan must be refinanced from another financial institution.

The Advantages of Refinancing
Refinancing your car loan is quick, easy and painless. UKFCU members can fill out the simple application online and get word back quickly – usually within 24 hours – of approval. How simple is that? There is no appraisal required, and no additional fees.

3 Reasons to Consider Refinancing
#1 Based upon creditworthiness, vehicle age and term of the loan, you could save a substantial amount of money by refinancing with UKFCU. Even a drop of one or two percentage points can be significant. You work hard for your money – hang on to it!

#2 Was your credit score a little “iffy” when you bought the car? If you have been making timely payments and have kept all of your other finances in order, there’s a good chance your score is better now. That could mean a lower interest rate! It is common for folks with poor credit to pay 18 percent or higher for a car loan. Refinancing could result in some serious savings!

#3 You need to reduce your car payment to free up cash for other needs (like holiday bills or a nice vacation in the sun). If money has gotten a little tight since you bought the car, it may be time to go back and stretch out the length of the loan, giving you smaller payments over a longer period of time.

If any of these apply to you, UK Federal Credit Union may be able to help you. And don’t forget the 1 percent cash back, when you refinance with us.

Car Vehicle Loan Rates
• New / Used Vehicle—As low as 3.49% APR*
• New / Used Vehicle—5 Year Balloon    As low as 6.74% APR*
• New / Used Motorcycle—As low as 6.24% APR*
• New / Used ATV / UTV—As low as 6.74% APR*
• New / Used Boat / Jet Ski / RV—As low as 5.49%

*Annual Percentage Rate. Rates available subject to credit approval and subject to change without notice. Rates are effective as of 10/31/19.

UKFCU Can Also Help you Save on Your Holiday Spending
Whether you are bargain hunting online or in store, the University of Kentucky Federal Credit Union can help make all of your purchases more affordable – and rewarding. UKFCU offers extremely competitive interest rates to its members, cash back on the Visa Signature card, and no annual fee.

When You’re a Member, you Get the Right Rate
Simply put, we don’t have stockholders. The money we earn goes back to our members in the form of higher rates on deposit accounts and lower rates on loans. That’s why we say – it’s banking, only better.

To learn more, visit one of our branches in Hamburg, Export, Reynolds, Beaumont, Tates Creek or at the UK Student Center.

Visit us online at, or give us a call at (859) 264-4200.

If you refinance your auto loan with us, you’ll get 1% cash back on the loan amount.

*Annual Percentage Rate. Refinance subject to credit approval and loan requirements. Existing UKFCU loans not eligible. Minimum loan amount of $5,000 to qualify for promotion. Receive 1% cash back of amount financed. Cash back may be tax reportable. Restrictions may apply. See a representative for details.

**Annual Percentage Rate. Federally insured by NCUA.

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