Gay Royer

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					We Put Educators First.
                                       There’s a lot more to a mortgage than just the interest
                                       rate. To ensure the best overall loan value, consider these
                                       important factors:

                                       POINTS. Each point equals
                                       1% of your mortgage loan
                                                                                            CLOSING TIME. Some
                                                                                            companies may claim to
                                                                                                                                                                                                   Auto Sale
                                                                                                                                                                                                                                                                                                  January 2005
                                                                                                                                                                                                                                                                                                                 Report Card
                                       amount. While points may
                                       lower your mortgage loan
                                       rate, they are the equivalent
                                                                                            provide loans within as
                                                                                            little as 10 days, but this
                                                                                            is not realistic. Most
                                                                                                                                                                                                Back in Tustin                                                                                     Special
     Mortgage Loan
                                       of pre-paid interest and raise
                                       your closing costs.
                                                                                            mortgage loans take
                                                                                            20-45 days to process.                                                                             ENTERPRISE USED AUTO SALE
                                                                                                                                                                                                                  Saturday, January 22                                                               Participation
                                       PRIVATE MORTGAGE
                                       INSURANCE (PMI). PMI is
                                       usually required when the
                                       down payment is less than
                                                                                            INTEREST RATE LOCK.
                                                                                            Because rates may
                                                                                            fluctuate throughout the
                                                                                            loan process, look for
                                                                                                                                                         More than 300 quality pre-owned vehicles on site.
                                                                                                                                                                                                                      9 a.m. to 4 p.m.
                                                                                                                                                                                                                                                           OCTFCU Tustin Operations Center
                                                                                                                                                                                                                                                                15442 Del Amo Ave.                 Bonus
                                                                                                                                                                                                                                                                                                   $2 million
         Don’t skimp on the research   20% of the property’s value.                         companies that will lock
                                                                                                                             How To Reach Us                                                                                             Letter from the Editor                                     shared by Members
                                       PMI significantly increases                          in your intended rate
           when choosing your loan.    the monthly payment                                  (subject to qualification) for   WEB SITE                                                                            I’d like to take this opportunity to thank you for
                                       associated with the loan.                            at least 60 days.                TELEPHONE SERVICE CENTER     S               714/258-4000, 800/4OCTFCU                                      your readership and for making Report Card the
                                                                                                                                                                          Monday-Friday: 7 a.m. to 7 p.m.                                credit union’s most read communication. I am

                                       FEES OR CLOSING COSTS.                               LOAN SERVICING. Servicing        TELLERPHONE
                                                                                                                                                                          Saturday: 9 a.m. to 3 p.m.
                                                                                                                                                                          714/258-4100, 800/540-4546
                                                                                                                                                                                                                                         especially grateful to the thousands of Members
                                                                                                                                                                                                                                         who took the time to complete our survey last
                                                                                                                                                                                                                                                                                                    Mortgage Loans
                                       Carefully review the Good
                                       Faith Estimate, which
                                       lenders are required to
                                                                                            incorporates the collection
                                                                                            of payments, including
                                                                                            amounts for property
                                                                                                                             TDD-Telecommunications Device for the Deaf
                                                                                                                             MAILING ADDRESS
                                                                                                                                                                          P.O. Box 11547
                                                                                                                                                                          Santa Ana, CA 92711-1547
                                                                                                                                                                                                                                         summer. Your comments and suggestions were
                                                                                                                                                                                                                                         instrumental in our efforts to improve Report
                                                                                                                                                                                                                                         Card. Based on your responses, Report Card is
                                       provide. This document                               taxes and homeowner’s                                                                                                                        now back to a standard size for easier storage. It is
                                       should clearly state the fees                        insurance. To ensure that        ANAHEIM                                      590 N. Euclid Street                                           once again mailed with your statements, which
                                       associated with your loan
                                       (e.g. loan origination, escrow,
                                                                                            you receive the best
                                                                                            service, both before and
                                                                                                                             ANAHEIM HILLS E S
                                                                                                                             CORONA E S SB
                                                                                                                                                                          8152 E. Santa Ana Canyon Road
                                                                                                                                                                          550 Hidden Valley Parkway
                                                                                                                                                                                                                                         provides a significant cost savings. And, it features
                                                                                                                                                                                                                                         more quick tips, rate highlights, and information         When to Collect
                                       recording, appraisals, credit
                                       report, and title insurance fees).
                                                                                            after the loan closes,
                                                                                            we suggest working with
                                                                                            a financial institution
                                                                                                                             FOUNTAIN VALLEY
                                                                                                                                                                          On campus, 2nd floor of Titan Shops
                                                                                                                                                                          6828 W. Katella Avenue
                                                                                                                                                                          18651 Brookhurst Street
                                                                                                                                                                                                                                         relating to retirement and financial planning. You
                                                                                                                                                                                                                                         can also look forward to special promotions,
                                                                                                                                                                                                                                         personal finance tips, and news just for educators.
                                                                                            that provides in-house
                                                                                            loan servicing.
                                                                                                                             FULLERTON E S SB
                                                                                                                             GARDEN GROVE
                                                                                                                             HUNTINGTON BEACH
                                                                                                                                                                          1040 E. Bastanchury Road
                                                                                                                                                                          13008 Harbor Blvd.
                                                                                                                                                                          7251 Warner Avenue
                                                                                                                                                                                                                                         As always, your continued comments and
                                                                                                                                                                                                                                         suggestions are appreciated.                              Security
                                       WE’RE HERE TO HELP. To learn more about our competitive,                              IRVINE                                       5305 Alton Parkway                                             Sincerely,
                                       comprehensive mortgage packages, visit us at                                          LAGUNA HILLS E S SB                          26892 S. La Paz Road                                           Shannon Langpap, Editor
                              > Home Loans or call our Telephone                                     MISSION VIEJO                                26440 La Alameda
                                       Service Center, extension 8236.                                                       NEWPORT-MESA
                                                                                                                             RANCHO SANTA MARGARITA
                                                                                                                                                                          450 E. 17th Street
                                                                                                                                                                          377 E. Chapman Avenue
                                                                                                                                                                          30092 Santa Margarita Parkway
                                                                                                                                                                                                                                         SEND YOUR QUESTIONS OR COMMENTS TO:
                                                                                                                                                                                                                                         EMAIL:                               Meet
                                                                                                                                                                                                                                                                                                    Gay Royer
                                                                                                                                                                                                                                         PHONE: 714/258-4000, ext. 8137
                                                                   FIRST-TIME HOMEBUYER PROGRAM                              SANTA ANA                                    2115 N. Broadway                                               MAIL: Attn: Shannon Langpap, OCTFCU
                                                                                                                             UCI E                                        On campus, next to bookstore                                          P.O. Box 11547, Santa Ana, CA, 92711-1547
                                                                     KEY FEATURES:
                                       Featured Mortgage Product

                                                                                                                             WALNUT                                       515 N. Grand Avenue
                                                                       Conforming loan amount up to $500,000
                                                                                                                             BRANCH HOURS                                 Monday-Thursday: 9 a.m. to 5 p.m.
                                                                                                                                                                                                                                                            MONDAY, JANUARY 17
                                                                                                                                                                                                                                                                                                  January’s Hero

                                                                                                                                                                                                                                            Coming Up...
                                                                       Free 60-day rate lock with “float down” option                                                                                                                                       Birthday of Martin Luther King, Jr.

                                                                       No down payment required
                                                                       No PMI required
                                                                                                                                                                          Friday: 9 a.m. to 6 p.m.                                                          All OCTFCU locations closed

                                                                                                                                                                                                                                                            SATURDAY, JANUARY 22
                                                                                                                                                                                                                                                                                                    in Education
           IF BUYING A HOME                                                                                                  E    EXPRESS CENTER, LIMITED SERVICES, CALL FOR HOURS.
                                                                                                                                                                                                                                                            Enterprise Used Auto Sale
                                                                       1-year, 3/1, 5/1, and 7/1 adjustable loan rate        S    SATURDAY HOURS
 or refinancing, we can
                                                                        options available                                    SB   EXPRESS CENTER LOCATED INSIDE STATER BROS.
                                                                                                                                                                                                                                                            Tustin Operations Center                PLUS:
 process your loan in just                                             In-house loan servicing                                                                                                                                                              MONDAY, FEBRUARY 21                     ■ Auto Sale
 20 to 30 days.                                                        Visit for current rates                Visit our web site for a complete listing
                                                                                                                                                                                                                                                            Presidents’ Day
                                                                                                                                                                                                                                                            All OCTFCU locations closed             ■ FastTrack Dealers
                                                                                                                             of OCTFCU and CO-OP Network ATMs.
                                                                                                                                                                                                                                                                                                    ■ Rate Guide
                                                                                                                                                                                      Federally insured by NCUA
                                                                                       Our Greatest
                                                                                       Asset is You
                                                                                                                                                                                                         When to Collect
                                                                                                                                                                                                          Social Security
                                                                                              A Message from
                                                                                                                                                                      Deciding when to start collecting Social Security benefits can be difficult.                               Meet Gay Royer
                                                                                                Rudy Hanley,                                                          The age you start collecting has different income consequences that will
                                                                                               President/CEO                                                          last throughout your retirement.                                                                           GAY ROYER, A LIBRARY MEDIA
                                                                                                                                                                                                                                                                                 CLERK at College Park Elementary
                                                                                       Thanks to your unprecedented level of loyalty and
                                                                                                                                                                                                                                                                                 in the Newport-Mesa Unified
                                                                                       participation this past year, your credit union has
                                                                                       reached more than $5 billion in assets and over
                                                                                                                                                   now...                                                          or later...                                                   School District, is one of our ten
                                                                                                                                                                                                                                                                                 2004 Educators First Award
                                                                                       300,000 Members. More than a symbol of our                  WORKERS WHO HAVE EARNED                                          FULL BENEFITS ARE AVAILABLE at “full                         winners, and our Hero in Education
                                                                                       financial strength, these milestones represent              credits can begin collecting monthly                             retirement age,” which varies                                for January. Gay used her $500
                                                                                       your achievements, of which we have been so                 Social Security benefits at age 62–but                           depending on year of birth. By                                              award to purchase
                                                                                       privileged to share. The excitement of owning a             they receive a reduced amount,                                   delaying benefits up to age 70,                              Read Gay’s
                                                                                                                                                                                                                                                                                                books for the school
                                                                                                                                                                                                                                                                                 full story at
                                                                                       home, the comfort of a retirement nest egg, the             currently about 75.8 percent of full                             people can receive a higher benefit
                                                                                                                                                                                                                                                                        library and take a
                                                                                       gift of a college education–we are proud to be a            benefits. Eventually, this percentage                            amount to reflect delayed                                                   much needed
                                                                                       part of your family, helping you achieve your               will drop to 70 percent.                                         retirement credits.                                          recuperative vacation after her
              A Dividend Bonus                                                         most important personal financial milestones.                                                                                                                                             struggle with cancer.                    Counterfeit    Are you selling items over the Internet?     FastTrack:             For your convenience, there are now

                                                                                                                                                                                      Age of                          2004 Maximum
                                                                                                                                                                                    Retirement                        Monthly Benefit*                                                                                                   If so, we want to make you aware of a                               more than 60 FastTrack dealers in the
                                                                                                                                                                                                                                                                                                                          Check                                                       Auto Loan
             for Your Participation                                                    Thus, your satisfaction is the true measure of our
                                                                                       success. And while growth is not our goal, we can                                                  62                                $1,422                                                          Having cancer caused me
                                                                                                                                                                                                                                                                                            to cut back on a lot of       Scams on
                                                                                                                                                                                                                                                                                                                                         scam you may encounter.
                                                                                                                                                                                                                                                                                                                                                                                                             Orange County area where you can
                                                                                                                                                                                                                                                                                                                                                                                                             purchase a vehicle and get your credit
                                                                                       use our expanding resources to continue to                                             65 and 4 months
$2 Million   THANKS TO MEMBERS’ high level of participation and                                                                                                                                                             $1,784                                                          things I loved to do, so                     WHAT IT IS. The seller receives an                                  union loan funded in minutes. It’s easy:
             support throughout 2004, your credit union now                            improve products and services. In 2004, we                                              (full retirement)                                                                                                                          the Internet   offer for an item they are selling
                                                                                                                                                                                                                                                                                                                                                                                      at a Dealer
Shared                                                                                 introduced a state-of-the-art mortgage lending                                                     70                                $2,111
                                                                                                                                                                                                                                                                                            getting the award gave
             has more than $5 billion in assets. To celebrate,
                                                                                                                                                                                                                                                                                            me a terrific boost. I                       on the Internet. The purchaser pays          Near You                 Select your car from a FastTrack
by Our       we’re rewarding Members for their participation with                      facility to offer a superior selection of loan
                                                                                                                                                                                                                                                                                                                                         with a phony cashier’s check in an                                    dealer; mention you are a Member
                                                                                       programs with more convenient application                   AT FIRST GLANCE, it might seem that                              ONLY AFTER CAREFULLY considering a                                      used part of the $500
Members      a special participation bonus.                                                                                                                                                                                                                                                                                              amount that is much higher than the
                                                                                                                                                                                                                                                                                                                                                                                                               and want to fund your loan
                                                                                       processes and faster turnaround times. New                  waiting until age 70 may be the                                  variety of factors, including age,                                      to visit Palm Springs, but                                                                                         through OCTFCU.
                                                                                                                                                   wisest decision because a 70-year-                                                                                                                                                    asking price. The scam artist then
             A REWARDING PARTNERSHIP PAYS OFF. We believe that                         mortgage loans include our First-Time Homebuyer                                                                              health, and financial situation,                                        I really loved being able
                                                                                                                                                   old retiring today would receive up                                                                                                                                                   asks the seller to deposit the cashier’s                              The dealer will immediately process

             loyalty should be rewarded. You will receive a                            program, Educators Mortgage Loan, and Interest-                                                                              should you begin taking out of a                                        to buy some books for
                                                                                                                                                   to $689 more per month than the                                                                                                                                                       check and reimburse them for the                                      your loan application.
             bonus amount equal to one percent of the total                                                                                                                                                         system in which you've spent much                                       the kids.
                                                                                       Only loans. In addition, we created a retirement                                                                                                                                                                                                  overpayment amount by money gram
                                                                                                                                                   reduced benefit amount at age                                    of your career contributing a
             interest you have paid on loans plus one percent of                       center to offer specialized support to Classified and                                                                                                                                                                                             or wire transfer.                                                     Upon approval, sign your loan
                                                                                                                                                   62–that’s $8,268 a year! However, by                             percentage of your salary.
             the total dividends you have earned on share                              Certificated educators. We now serve a total of                                                                                                                                                                                                                                                                         documents and drive home in
                                                                                                                                                   waiting, the individual would not
             accounts in 2004 through October.* The greater your                       65 school districts, and more than 1,000                                                                                                                                                                                                                                                                                your new car!
                                                                                                                                                   receive eight years worth of reduced                                                                                                                                                  WHAT HAPPENS TO THE VICTIM. When the
             loan and share balances, the more you earned. Every                       Members attended our first, sold-out Retirement
                                                                                                                                                   payments, or $136,512.**                                                                                                                                     GAY                      financial institution is notified that the
             Member in good standing will receive at least $1,                         Forum in August. To support our growing                                                                                                                                                                                                                                                                               TO FIND A FASTTRACK DEALER NEAR YOU,
                                                                                                                                                                                                                                                                                                                ROYER,                   check is counterfeit, they reverse the
             regardless of their participation level. Your bonus will                  Membership, we opened new locations in                                                                                                                                                                                   Library                                                                                      visit and search
                                                                                                                                                                                                                                                                                                                                         amount of the deposit from the
             be deposited directly into your Share savings account                     Corona, Laguna Hills, and Walnut, and moved our                                                                                                                                                                          Media
                                                                                                                                                          SIGN UP FOR OUR NEW RETIREMENT NEWSLETTER, Trusted Advisor. It features                                                                                                                                                                            “FastTrack Dealers,” call our Telephone
             by the close of business December 31, 2004. To find
                                                                                       Anaheim branch to a more convenient location
                                                                                                                                                tip    well-researched articles that provide tips and insight to help you make better
                                                                                                                                                                                                                                                                                                                Clerk,                   victim’s account. However, the wired
                                                                                                                                                                                                                                                                                                                                         funds from the victim’s personal                                    Service Center, or visit any branch.
             out the amount of your participation bonus, check                                                                                                                                                                                                                             Educators First Award Winner
                                                                                       for our Members.                                        decisions in planning your future.1 Issues will be mailed every two months only to                                                                                                        account cannot be reversed, so the
             your December-end statement or log in to CU@Home
                                                                                                                                               Members who request it. To sign up, go, and log on to CU@Home >                                                                                                            victim suffers a loss.
                                                                                       Because 2004 was such an extraordinary year, we         Services > Trusted Advisor Newsletter, or call our Telephone Service Center.                                                                                                                                                                                    NEW AND USED                TEACHING
                                                                                       are honored to give back a $2 million participation
                                                                                                                                                                                                                                                                                 Tell Us About                                                                                                                  AUTO LOAN               CREDENTIAL LOAN
             EVERY MEMBER BENEFITS from our competitive rates                                                                                                                                                                                                                                                                            WHAT TO DO. If in doubt, you can always
                                                                                       bonus to be shared by the Membership, with
                                                                                                                                                                                                                                                                                 Your Hero                                               contact the bank from where the check                                     as low as              3.9% APR2

                                                                                                                                                                                                                                                                                                                                                                                                rate guide
             and low transaction fees as a result of Members                                                                                   *Social Security Administration, 2004
             actively participating in their credit union. We                          each Member receiving at least $1. For some, this       **$1,422 x 96 months. This hypothetical sample is based on 2004 figures, and the calculation does not reflect automatic           AN EDUCATORS FIRST AWARD                                was issued to verify the account and                                   4.25% APR2
                                                                                                                                               benefit increases. Actual situations will vary.
             appreciate those of you who came to us for your                           amount may not make a significant impact, so            1
                                                                                                                                                 Investment products and services offered through CUSO Financial Services, L.P. (CFS) are not NCUA/NCUSIF insured, not           nomination is a great way to thank                      check numbers are valid. If you
             savings and borrowing needs–your participation is                         you may want to consider a donation to the              Credit Union guaranteed and may lose value. Financial advisors are employed by OCTFCU and registered through CFS.                 an educator who has made a                              encounter a scam, we suggest you                                         8-MONTH                  13-MONTH
                                                                                                                                               OCTFCU is in partnership with CFS. Member NASD/SIPC.
             at the heart of our success.                                              Education Foundation where your contribution            2
                                                                                                                                                 The rates quoted are effective as of 12/22/2004 and are subject to change without notice. OCTFCU has a loan program             difference in your life or in the life                  file a complaint with the Federal Trade                              SHARE CERTIFICATE         SHARE CERTIFICATE
                                                                                       would greatly benefit local teachers and students.      which features a range of interest rates for some of its consumer loans. A rate is based on a variety of factors, including the   of a student. Make a nomination                         Commission at, and the                                     2.60% APY3                3.00% APY3
             *Includes interest paid on consumer and mortgage loans, and credit                                                                applicant’s credit rating and OCTFCU account history. These rates reflect a 3⁄4 percentage point discount for payment
             cards. Includes dividends earned on all share accounts as well as share   To donate, visit We thank you for       through automatic transfer from an OCTFCU Share Savings or Checking account.
                                                                                                                                                                                                                                                                                 today at >                               FBI’s Internet Fraud Complaint Center                                $1,000 Opening Balance    $1,000 Opening Balance
             certificates, IRA certificates, and DCP accounts.                         making this bonus possible.                             3
                                                                                                                                                 Rate valid as of 12/22/04 and subject to change. Minimum balance $1,000. Penalty for early withdrawal.                          Community > Educators First Award.                      at
                                                                                                                                                                                                                                                                                                                                                                                                             See disclosures at left.

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