The for SCE Federal Credit Union News
Special edition for our new members from Sonepco
Better Rate & Smaller Payment
More than ever, every single penny counts. That’s why now is a great time to bring over your existing auto
loan from another institution and get a guaranteed better rate AND lower payment from SCE FCU!
We have great rates, flexible terms and fine print that’s actually fair. Plus, our loans have no pre-payment
penalties. So if you want to pay more when you’re able to, you have that option.
It’s quick, easy, and free to apply by phone at 800.866.6474, at any SCE FCU branch, or online at scefcu.org.
Hurry – this offer ends May 31st.
Lower rate & payment guaranteed or we’ll give you $50!
Offer valid through 5.31.2012, open to SCE FCU members and is not valid on existing SCE FCU or Sonepco FCU auto loans. Subject to credit qualifications and vehicle value requirements. Current rate verification required. Borrower(s) and vehicle must qualify to be eligible
for $50 offer. $50 will be deposited into your SCE FCU account within 1 mont of final loan decision. All SCE FCU auto loans are open-ended, with flexible repayment periods.
SySTEM CONVErSION –
It 's tIme to be a get your
Important Dates & Hours of Operation
• If you currently have a Sonepco ATM or debit card, you’ll receive
April 15th a new card from SCE FCU the week of April 15th. Your new PIN
will also be mailed to you that week, but will be mailed separately.
If you’d like to personalize your PIN, you may at any time after Kids have the power to protect the future by becoming super savers.
receiving your card, by visiting any SCE FCU branch ― in Nevada
SCE FCU is helping youth sharpen their saving super powers by giving them
or California. Please read the conversion guide for more information.
• You may activate your new card as soon as you receive it, but it may chances to save and win during April – specially designated as Youth Month!
not be used until May 1st. Activating your SCE FCU card early will By making saving fun, SCE FCU shows kids and teens how to utilize their own
not deactivate your Sonepco card. Do not destroy your Sonepco card strengths and Credit Union resources to meet financial goals.
before May 1st.
enter our savings superhero raffle
• Sonepco cards will not be functional as of May 1st, so be sure to
The System is Converting ― What This Means to You... activate your new card from SCE FCU by then.
Contest and you could win up to $250!1
We welcomed Sonepco FCU members into the SCE FCU family on
January 1st. However, your information remained on a different Wednesday • You may not schedule or make payments through eBill after April
April 25th 25th, including previously scheduled or recurring payments. You
Zoom Wham bam
processing system. For the last several months, we’ve been may want to schedule payments early or pay them through another
preparing for all member information to be combined into one method ― such as through the vendor’s website or by mailing a
system. Beginning May 1st, information will be combined, allowing payment. We apologize for the inconvenience this may cause.
you to utilize the full range of SCE FCU products, services, systems Please read the conversion guide for more information. Deposit money from your piggy Don’t have an account yet? Get creative and make your own
and conveniences. bank, allowance or birthday into your No worries... stop in with your parent/ Savings Superhero costume! Show us
Friday • Shared branch access, eTeller and Touch Tone Teller will be SCE FCU Youth Savings or Youth Super guardian and open one. You’ll get two your costume in person at a branch,
Our top goal is to make sure the transition is as smooth April 27th available until 6pm.
and seamless as possible for you. While there may be a few Saver account, and get one entry for additional entries just for opening or with a photo, and you’ll get two
inconveniences, we hope you’ll agree the benefits far outweigh • Since your information will be moving to a new system, your banking every $20 you save.1 your new account! entries.2
history prior to May 1st, will not appear when you log in to the
any extra steps you may have to take initially. For instance, account SCE FCU online banking system. We strongly recommend you print
numbers for most members will be changing. If your account out any statements, check copies and bill payment information you
currently has: think you may need after May 1st. This should be done by 6pm on
• 6 or 7 digits, there is no change • Your Sonepco debit or ATM cards will be available for use until but wait! every superhero needs a gadget...
• 5 digits, add “2” to the beginning (example: 99999 becomes 299999) 11:59pm on April 30th. Beginning May 1st, you must use your new card When you visit one of our branches to make a deposit, open your account, or to show off your Savings Superhero
• 4 digits, add “20” to the beginning (example: 9999 becomes 209999) from SCE FCU. costume, you can choose a prize from our box of superhero gadgets!
• 3 digits, add “200” to the beginning (example: 999 becomes 200999)
• 2 digits, add “2000” to the beginning (example: 99 becomes 200099)
Saturday • Shared branching, eTeller and Touch Tone Teller will not be
Check out our raffle prizes!
& Sunday Grand Prize - $250 • 2nd Prize - $100 (2 winners) • 3rd Prize - $50 (2 winners)
• 1 digit, add “20000” to the beginning (example: 9 becomes 200009) April 28th • Your Sonepco debit or ATM cards will be available for use until
• If your number had a dash at the end, followed by digits, & 29th 11:59pm on April 30th. Beginning May 1st, you must use your new card Finalists – 4-pack of movie tickets (4 winners) • Bonus Prize – $100 through a national contest!
anything after the dash will no longer appear. from SCE FCU.
NO PURCHASE NECESSARY. 1Raffle contest is open to individuals ages 0-17 years. Net deposits only; no raffle entries will be given for funds deposited and withdrawn within the month.
You likely have other questions, such as how you’ll access home Monday • All SCE FCU branches in Nevada will be closed, to allow for a Max 25 raffle entries. 2Costume photos will be displayed in the branch, on our Facebook page and on our website. Visit scefcu.org for Official Rules and photo submission instructions.
banking, automated voice response, bill pay, etc. Or whether or April 30th smooth transition of information between systems. While the
not you’ll be receiving new ATM /debit cards or new Visa credit SCE FCU branches in California will be open, your account
cards. (The answer is yes.) Or if you can continue using your existing information will not be available until the following morning. We
check supply. (The answer is yes.) To find out detailed answers apologize for any inconvenience this may cause.
to these questions, along with a variety of other information,
we’ve created a conversion guide to make sure the transition is
• Shared branching, eTeller and Touch Tone Teller will not be
available. Nevada branches will be closed: Follow us on Facebook!
as smooth as possible. The conversion guide will be mailed to all
member households at the beginning of April. In addition, we’ll be
• Your Sonepco debit or ATM cards will be available for use until System Conversion Day ― Monday, April 30th
communicating directly with members who utilize particular services
11:59pm on April 30th. Beginning May 1st, you must use your new card
from SCE FCU.
It’s your place for special offers,
or products, such as Visa Credit Cards, HSA accounts, bill payment,
etc., to provide information specific to them. Tuesday • All branches will open for normal business hours.
All branches will be closed: sneak peeks at promos, financial
We’ll also have a Sonepco page on our website – dedicated to the
May 1st • Shared branching will be available at 8am. You may access your
Memorial Day ― Monday May 28 th
tips, job opportunities, special
questions and needs of our new members from Sonepco. It will account by referencing SCE FCU and your new account number. Independence Day ― Wednesday, July 4th
have an electronic version of the conversion guide – and as you • Online banking and automated voice response will be available at announcements and more.
submit additional questions, we’ll add to the guide’s content on 8am through SCE FCU. eBill will be available at 8am through
our webpage. Visit the webpage at www.scefcu.org/sonepco. It’s SCE FCU’s Bill Payer, which can be found within CU@Home. Your
your place for the latest news and information regarding the system debit or ATM cards will be available at midnight through your new
conversion, and for other items that may be of special interest to
cards from SCE FCU. Please read the conversion guide for more
information. Please note... Facebook.com/scefcu
• The main phone number will change to 800.866.6474. The SCE FCU Board of Directors wants to ensure that, even though Sonepco
Please review the timeline included in this newsletter for important merged with SCE FCU, the specific needs of the Las Vegas members continue to
dates and special hours of operation. If you have any questions, Week of • If you currently have a Sonepco Visa Credit Card, you will receive be met. To that end, an advisory committee was formed ― comprised of three
please call us at 800.866.6474. And always remember... We’re here May 6th a new card from SCE FCU the week of May 6th. Once you receive people who served on the Sonepco Board. We do recommend that you call
for you! your new card, you may activate and use it beginning May 21st. Until SCE FCU directly with any questions or issues you may have regarding your
that point, you should not dispose of your old card. Please read the account. However, if you feel the staff has not properly responded to your
Sincerely yours, conversion guide for more information. questions, or if you simply want to discuss something, please feel free to
contact any of the Advisory Committee members listed below:
Monday • Your Sonepco Visa Credit Card will no longer function. Your new
May 21st card from SCE FCU may now be activated and you may begin Chris Carter, Chairman Bill Neiles Linda Holland
Dennis J. Huber using it. Please securely dispose of your old card. Please read the firstname.lastname@example.org email@example.com firstname.lastname@example.org
President/CEO conversion guide for more information.
Please do not send sensitive member information to the Advisory Committee, as their email accounts do not provide a secure delivery channel.
Savings & Loan Rates
All share rates quoted below are Annual Percentage Yields as of March 30, 2012 and are subject to change without notice. Contact
Corporate Office the Credit Union for additional information on applicable fees and terms, special promotions, and other accounts we offer.
PO Box 8017, El Monte CA 91734
scefcu.org • 800.866.6474
Checking & Saving
Southern California Green Checking 0.50%. Also available: Free Checking (non-dividend) & Youth Checking
Irwindale Prime Savings 0.10% ($5 min. to open)
12701 Schabarum Ave Super Saver 0.25% ($5 min. to open)
M T Th F: 8am to 6pm
W: 9am to 6pm • Sa: 9am to 1pm Youth Super Saver 0.25%
Duarte Holiday & Vacation Club Accounts 0.30% ($10 min. to open)
1175 Huntington Dr
M T Th: 9am to 5pm • W: 10am to 5pm Money Market1 0.20% - 0.65%
F: 9am to 6pm • Sa: 9am to 1pm
Lynwood (Plaza Mexico) IRAs & Certificates2
3200 Mulford Ave 91 Days 0.25% - 0.50% 18 Months 0.60% - 0.85% 48 Months 1.35% - 1.59%
M T Th: 9am to 5pm • W: 10am to 5pm 6 Months 0.35% - 0.60% 24 Months 0.70% - 0.95% 60 Months 1.75% - 1.99%
F: 9am to 6pm • Sa: 9am to 1pm 12 Months 0.50% - 0.75% 36 Months 0.90% - 1.15%
975 N Haven Ave
M T Th: 9am to 5pm • W: 10am to 5pm
F: 9am to 6pm • Sa: 9am to 1pm
All loan rates quoted below are Annual Percentage Rates as of March 30, 2012 and are subject to change without notice. Rate
Rosemead (GO) Edison employees only and finance amount is based on member loan qualifications, and vehicle or property value as applicable.
GO1, 1st Floor
M T Th F: 9am to 5pm • W: 10am to 5pm New & Used Auto Loans3 As low as 1.00% - 18.00% (Daily Periodic Rate 0.002740% - 0.049315%)
Approximate terms from 1 - 8 years
San Onofre (SONGS) Edison employees only
D1A, Plant Side Classic Auto Loans3 As low as 1.50% - 18.00% (Daily Periodic Rate 0.004110% - 0.049315%)
Approximate terms from 1 - 7 years
M T W F: 7:30am to 3:30pm
Th: 7:30am to 12pm; 1pm to 4pm by appointment New & Used RVs, Travel Trailers, As low as 3.25% - 18.00% (Daily Periodic Rate 0.008904% - 0.049315%)
5th-Wheels, Motorcycles, Boats, Approximate terms from 2 - 12 years
Personal Watercrafts & Off-Road
Southern Nevada Recreational Vehicle Loans3
Sahara (Las Vegas)
6475 W Sahara Ave Personal Lines of Credit3 Adjustable rates from 12.50% - 18.00% (Daily Periodic Rate 0.034246% - 0.049315%)
M: 10am to 5:30pm • T W: 9am to 5:30pm
Th F: 9am to 6pm Visa Platinum4 10.00% - 18.00% variable. This APR will vary based on the Prime Rate.
Drive Up Window - M T W 7:30am to 5:30pm
Th F 7:30am to 6pm Visa Platinum Rewards No annual fee
11.00% - 18.00% variable. This APR will vary based on the Prime Rate.
Includes points program toward travel and gifts
1450 Horizon Ridge Pkwy #C102
Home Equity Loans3,5 Fixed rates from 5.50% - 10.50%
M - F: 9am to 5:30pm
Home Equity Lines of Credit 5
Adjustable rates as low as 4.00%
Southwest (Las Vegas)
7155 S Lindel Rd #150 Home Equity Split Second Set up part at a fixed rate and part as an adjustable-rate line of credit
M - F: 6am to 3pm
First Trust Deed Loans6 Buy or refinance your home with a fixed or variable rate loan program. Choose
Ryan (North Las Vegas) from a variety of rates, terms and fee structures. Call us or visit our website for
2215 E Lone Mountain Rd #100 more information.
M - F: 6am to 3pm
Holiday Closings Business Solutions
Memorial Day – May 28th We offer a full suite of business products and services including several checking options, money market, certificates, loans, lines
Independence Day – July 4th of credit and Visa cards, and merchant services. We are an approved SBA Lender.
CU Stats as of February 29, 2012
Members: 45,201 1
Dividends are calculated on the Daily Balance Method for all accounts. Rate will change if you move in or out of a deposit tier. 2$1,000 minimum balance to open. Penalty for
early withdrawal may be imposed. Dividends compound monthly for all terms except the 91-day term, which compounds at maturity. The Annual Percentage Yield is based on
Assets: $567,486,950 the assumption that the minimum balance requirements will be met. Highest yields shown reflect higher total deposit balances. 3All loan rates quoted are annual percentage rates
and require electronic repayment. 4We add between 6.75% to 14.75% to the Prime Rate to determine the APR, and electronic repayment discounts do not apply, 5Prime Rate
Serving members since 1952 of 3.25% as of 3.23.11 plus a margin that ranges from 0%-5% Prime Rate plus applicable margin and loan to value equals the rate. Floor rates range from 4%-8% Processing
fees may be discounted with a minimum initial advance of $10,000. If loan is paid and closed within 24 months, waived fees will be reinstated. Lifetime cap is 6% above the
fully indexed rate. Rate changes occur semi-annually with an annual cap of 2%. Rate and terms are subject to change without notice. Property must be in California. Borrower
of non-owner occupied property loans pay all fees. Standard processing fees can range from $100-$1,200 based on transaction type and amount. Subordination fee is $125.
Demand fee is $35. Annual Fee of $50 if balance is less than $10,000 on June 30 of each year. Mutual Rate modification Fee is 1% of limit. Sample payment on a $50,000 fixed
rate Home Equity Loan for 20 years at 5.50% APR would be $345 per month. Minimum payment on Home Equity Line of Credit is 1% of the balance on loans at 11% or less or
1.25% of balance on loans above 11%-15%. Jumbo Equity Loans above $250,000 available at special rates. Call us for details. A full appraisal may be required at the borrower’s
expense. 6Electronic repayment discounts do not apply. Mortgage loans may not currently be available in Nevada.
We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account will be reflected in your credit report.
In the event of a disaster, if you’re unable to reach us by phone, visit our website at scefcu.org for information on how to
We do business in accordance with the Federal
Fair Housing Law and the Federal Credit access your accounts. Rest assured, we have plans in place to allow us to continue to serve you.
LENDER Opportunity Act. Federally insured by NCUA.