The for SCE Federal Credit Union News by lanyuehua


									                                                                                                                           Spring 2012
The                       for SCE Federal Credit Union News

                        managing your finances just got easier...

                    all of your accounts...
                                   from anywhere...                       at a glance
                    Access most accounts – even from other financial institutions, credit card companies,
                    brokerages, etc. If the account is viewable online, you can bring it into snapshot – the online
                    personal financial management (PFM) tool – free for all SCE FCU members!
                      • View all of your accounts in one easy-to-manage location, with a single sign-on – saving
                          you from visiting site after site, with separate log-ins, never really seeing the full picture
                      • Create custom budgets and savings goals, allowing more effective money management and
                          smarter investments
                      • Set up account alerts with email or text messages
                      • Track spending to see where your money actually goes – how much you’re really spending
                          on that cup of gourmet coffee, dining out, entertainment, etc.
                      • & much more...
                    And you can rest assured that by using snapshot to manage all of your information, you’re
                    utilizing a completely secure environment.

Sign up for free through CU@Home, our no-cost online banking service at
Not yet enrolled in CU@Home? Not a problem, visit our website and select “sign up now” in the log-in box to self-enroll.

Please join us for our                            Follow us on Facebook!
Annual Meeting &                                  It’s your place for special offers, sneak
Nomination of Officials
                                                  peeks at promos, financial tips, job
Wednesday, April 11, 2012
                                                  opportunities, special announcements
Registration 5:30pm
Annual Meeting 6:00pm                             and more.
SCE FCU Corporate Office
Irwindale, California                   
                                                                          Historically Low Mortgage Loan                                                                                                       It 's tIme to be a                                                                                                                get your
                                                                          Rates Mean HUgE Savings!                                                                                                             savIngs superhero!                                                                                                                Cape and
                                                                              With home loan rates at their lowest in 50 years, rates may
                                                                              never reach this level again in your lifetime! Check out our                                                                     Kids have the power to protect the future by becoming super savers.
                                                                              lowest rates for a 30-year, fixed-rate loan – with even lower                                                                    SCE FCU is helping youth sharpen their saving super powers by giving them
                                                                              rates for 15- and 20-year terms!
                                                                                                                                                                                                               chances to save and win during April – specially designated as Youth Month!
                                                                                                                                                                                                               By making saving fun, SCE FCU shows kids and teens how to utilize their own
                                                                                Year                         Rate                $150,000                $225,000                $300,000                      strengths and Credit Union resources to meet financial goals.
                                                                                                           3.750%                 $694.67                $1042.01                $1389.35
                                                                                Jan 2012                   3.875%                 $705.36                $1058.03                $1410.71                                    enter our savings superhero raffle
                                                                                                                                                                                                                  ys         Contest and you could win up to $250!1
                                                                                                           4.000%                 $716.12                $1074.15                $1432.25

                                                                                                                                                                                                             3 Wa In
As your Credit Union, we’re not only able to help you as a consumer,                                       5.125%                 $816.73                $1225.10                $1633.46
we’re also here to assist small businesses – which in turn, benefits

                                                                                                                                                                                                              to W
individuals and our local communities. Unfortunately our ability                Jan 2010                   5.250%                 $828.31                $1242.46                $1656.61
to assist has been limited by legislation, at a time when those
businesses and our economy need it most. However, credit unions
                                                                                                                                                                                                                     Zoom                                                                 Wham                                                                                     bam
have been working with Congress to increase the arbitrary cap on                                                                                                                                                  Deposit money from your piggy                           Don’t have an account yet?                                                         Get creative and make your own
how much a credit union can loan to small businesses. The President             Jan 2007                   6.375%                 $935.80                $1403.71                $1871.61
                                                                                                                                                                                                                  bank, allowance or birthday into                       No worries... stop in with your                                                    Savings Superhero costume! Show
and Congress are still searching for ways to stimulate the economy                                         6.500%                 $948.10                $1422.15                $1896.20
and create jobs, and member business lending is a great way to do             This chart shows what an average mortgage payment of principal and interest are based on today’s 30-year fixed rate
                                                                                                                                                                                                                your SCE FCU Youth Savings or Youth                   parent/guardian and open one. You’ll                                                   us your costume in person at a
so without using federal tax revenue.
                                                                              mortgage, along with payment and rate examples from 2010 and 2007.                                                                 Super Saver account, and get one                      get two additional entries just for                                                  branch, or with a photo, and you’ll
                                                                                                                                                                                                                   entry for every $20 you save.1                         opening your new account!                                                                  get two entries.2
                                                                              Take advantage of historically low rates, and experience how the
Background…                                                                   Credit Union you trust can help you finance – or refinance your
Before 1998 there was no limit to the amount credit unions could              home loan. Apply in person, by phone, or online at
lend to member businesses. It was not until Congress passed the

Credit Union Membership Access Act of 1998 that credit unions
                                                                                                                                                                                                               but wait! every superhero needs a gadget...
                                                                              Rates shown for owner-occupied property, subject to change without notice. Property must be in
were subjected to an arbitrary cap of 12.25% of total assets. Today,          California. There are fees and costs associated with these loans. Please call or visit for
                                                                              today’s rates, and compete terms and conditions.
credit unions with valuable experience in business lending are                                                                                                                                                   When you visit one of our branches to make a deposit, open your account, or to show off your Savings Superhero
approaching their legal capacity to lend to small businesses. At
the same time, small businesses are finding it increasingly difficult                                                                                                                                            costume, you can choose a prize from our box of superhero gadgets!
to obtain credit from other financial institutions. These small
businesses are uniquely positioned to create new jobs and are                                                                                                                                                  Check out our raffle prizes!
essential to our economic recovery.                                                                                                                                                                             Grand Prize - $250 • 2nd Prize - $100 (2 winners) • 3rd Prize - $50 (2 winners)
                                                                                                                                                                                                                Finalists – 4-pack of movie tickets (4 winners) • Bonus Prize – $100 through a national contest!
There is a bill currently before our legislators – the Small Business
Lending Enhancement Act, S.60+/H.R. 1418 – that would raise the
credit union member business lending cap to 27.5% of assets. This                                                                                                                                                                           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.
                                                                                                                                                                                                                                               Max 25 raffle entries. 2Costume photos will be displayed in the branch, on our Facebook page and on our website. Visit for Official Rules and photo submission instructions.
common sense proposal, which is supported by the Department
of Treasury, could help credit unions provide up to $13 billion of
stimulus to America’s small businesses in the first year alone and
create more than 140,000 new jobs at NO COST to taxpayers.                Free Home Buyer Seminars
                                                                          If you’re getting ready to purchase a home, we can arm you with the                                                                                                                                                                 More than ever, every single penny counts. That’s why now is
Action Needed...                                                          knowledge you need to feel confident and comfortable throughout                                                                                                                                                                     a great time to bring over your existing auto loan from another
Small businesses in our state need access to capital to create new        the process, including information on:                                                                                                                                                                                              institution and get a guaranteed better rate AND lower payment
jobs without cost to the taxpayer, and credit unions are ready                                                                                                                                                                                                                                                from SCE FCU!
and willing to lend. You can help us to provide this much-needed              •   Today’s housing market conditions
assistance by contacting your legislators and urging them to support          •   Types of home financing available                                                                                                                                                                                           We have great rates, flexible terms and fine print that’s actually
or include the Small Business Lending Enhancement Act in any                  •   Home inspections, appraisals, etc.                                                                                                                                                                                          fair. Plus, our loans have no pre-payment penalties. So if you
future jobs package. This can be done quickly and easily by visiting                                                                                                                                                                                                                                          want to pay more when you’re able to, you have that option.
                                                                              •   Selecting a realtor — an advocacy web page designed by
credit unions for credit union members to send letters to Members             •   & more...                                                                                                                                                                                                                   It’s quick, easy, and free to apply by phone at 800.866.6474, at
of Congress. You will be asked to enter your name, home address,          Our panel of experts will coach you through the                                                                                                                                                                                     any SCE FCU branch, or online at Hurry – this offer
and email address. You will then be prompted with a pre-written           home buying process to help you avoid common pitfalls.                                                                                                                                                                              ends May 31st.
letter asking for your legislative representatives’ support. If your
elected officials have co-sponsored the legislation, you will be            Saturday                                                                                                                                                                                                                          Lower rate & payment guaranteed
                                                                                                               Irwindale Corporate Office
prompted with a “thank you” letter. These letters are electronically
sent, once you hit submit. If you want to be notified of future issues,
                                                                            April 21st                         12701 Schabarum Ave, Irwindale, CA                                                                                                                                                                               or we’ll give you $50!
                                                                            10am to noon
you may also choose to opt-in to future alerts.                             Saturday                           Rancho Cucamonga Community Center

                                                                                                                                                                                                                                  Same Car...
                                                                            May 19th                                                                                                                                                                                                                          Offer valid through 5.31.2012, open to SCE FCU members and is not valid on existing SCE FCU or Sonepco FCU auto
Please write today to support this urgent need. Thank you in                                                   11200 Base Line Rd, Rancho Cucamonga, CA                                                                                                                                                       loans. Subject to credit qualifications and vehicle value requirements. Current rate verification required. Borrower(s) and
                                                                            10am to noon                                                                                                                                                                                                                      vehicle must qualify to be eligible for $50 offer. $50 will be deposited into your SCE FCU account within 1 month of final
advance for your support.                                                                                                                                                                                                                                                                                     loan decision. All SCE FCU auto loans are open-ended, with flexible repayment periods.
                                                                            Saturday                           Duarte High School Library
Sincerely yours,                                                            June 23rd                          1565 E. Central Ave, Duarte, CA
                                                                            10am to noon

Dennis J. Huber
                                                                          Please RSVP at or call 626.646.2353, as space
                                                                          is limited. Additional dates & locations may be added. Check our
                                                                                                                                                                                                                                                                           Better Rate & Smaller Payment                                                                                          Guaranteed!
President/CEO                                                             website for the latest info.
                                                                            Available to SCE FCU members attending an SCE FCU Home Buyer Seminar. Must apply for a mortgage loan by 7.31.2012
                                                                          and close the loan with SCE FCU / CMF by 11.30.2012 to receive a $350 credit to your closing costs. Funded loan must be for a
                                                                          qualified SCE FCU member for a new home loan or refinance. The rebate will be applied as a credit toward closing costs. Limited-
                                                                          time offer. All loans are subject to credit approval.
locations & hours
                                                                               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
                                                                               the Credit Union for additional information on applicable fees and terms, special promotions, and other accounts we offer.
 Corporate Office
 PO Box 8017, El Monte CA 91734 • 800.866.6474                                                     checking & saving
 FastLine Automated Voice Response                                              Green Checking                                                 0.50%. Also available: Free Checking (non-dividend) & Youth Checking
                                                                                Prime Savings                                                  0.10% ($5 min. to open)

 southern california                                                            Super Saver                                                    0.25% ($5 min. to open)

    Irwindale                                                                   Youth Super Saver                                              0.25%
    12701 Schabarum Ave                                                         Holiday & Vacation Club Accounts                               0.30% ($10 min. to open)
    M T Th F: 8am to 6pm
    W: 9am to 6pm • Sa: 9am to 1pm                                              Money Market1                                                  0.20% - 0.65%
    1175 Huntington Dr                                                          IRAs & Certificates2
    M T Th: 9am to 5pm • W: 10am to 5pm                                         91 Days              0.25% - 0.50%                             18 Months              0.60% - 0.85%                              48 Months             1.35% - 1.59%
    F: 9am to 6pm • Sa: 9am to 1pm                                              6 Months             0.35% - 0.60%                             24 Months              0.70% - 0.95%                              60 Months             1.75% - 1.99%
    Lynwood (Plaza Mexico)                                                      12 Months            0.50% - 0.75%                             36 Months              0.90% - 1.15%
    3200 Mulford Ave
    M T Th: 9am to 5pm • W: 10am to 5pm
    F: 9am to 6pm • Sa: 9am to 1pm
    975 N Haven Ave                                                              All loan rates quoted below are Annual Percentage Rates as of March 30, 2012 and are subject to change without notice. Rate
                                                                                 and finance amount is based on member loan qualifications, and vehicle or property value as applicable.
    M T Th: 9am to 5pm • W: 10am to 5pm
    F: 9am to 6pm • Sa: 9am to 1pm                                              New & Used Auto Loans3                                        As low as 1.00% - 18.00% (Daily Periodic Rate 0.002740% - 0.049315%)
    Rosemead (GO) Edison employees only                                                                                                       Approximate terms from 1 - 8 years
    GO1, 1st Floor                                                              Classic Auto Loans3                                           As low as 1.50% - 18.00% (Daily Periodic Rate 0.004110% - 0.049315%)
    M T Th F: 9am to 5pm • W: 10am to 5pm                                                                                                     Approximate terms from 1 - 7 years
    San Onofre (SONGS) Edison employees only                                    New & Used RVs, Travel Trailers,                              As low as 3.25% - 18.00% (Daily Periodic Rate 0.008904% - 0.049315%)
    D1A, Plant Side                                                             5th-Wheels, Motorcycles, Boats,                               Approximate terms from 2 - 12 years
    M T W F: 7:30am to 3:30pm                                                   Personal Watercrafts & Off-Road
                                                                                Recreational Vehicle Loans3
    Th: 7:30am to 12pm; 1pm to 4pm by appointment

                                                                                Personal Lines of Credit3                                     Adjustable rates from 12.50% - 18.00% (Daily Periodic Rate 0.034246% - 0.049315%)
 southern nevada
    Sahara (Las Vegas)                                                          Visa Platinum4                                                10.00% - 18.00% variable. This APR will vary based on the Prime Rate.
    6475 W Sahara Ave
    M: 10am to 5:30pm • T W: 9am to 5:30pm                                      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
    Th F: 9am to 6pm
    Drive Up Window - M T W 7:30am to 5:30pm
    Th F 7:30am to 6pm                                                          Home Equity Loans3,5                                          Fixed rates from 5.50% - 10.50%
    Henderson                                                                   Home Equity Lines of Credit5                                  Adjustable rates as low as 4.00%
    1450 Horizon Ridge Pkwy #C102
                                                                                Home Equity Split Second                                      Set up part at a fixed rate and part as an adjustable-rate line of credit
    M - F: 9am to 5:30pm
                                                                                First Trust Deed Loans           6
                                                                                                                                              Buy or refinance your home with a fixed or variable rate loan program. Choose
    Southwest (Las Vegas)                                                                                                                     from a variety of rates, terms and fee structures. Call us or visit our website for
    7155 S Lindel Rd #150                                                                                                                     more information.
    M - F: 6am to 3pm
    Ryan (North Las Vegas)
    2215 E Lone Mountain Rd #100
    M - F: 6am to 3pm                                                          business solutions
                                                                                 We offer a full suite of business products and services including several checking options, money market, certificates, loans, lines
                                                                                 of credit and Visa cards, and merchant services. We are an approved SBA Lender.
holiday closings
 Memorial Day – May 28th
 Independence Day – July 4th
 You can access your accounts 24/7 with your ATM
 card, online at or by calling our FastLine                         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
 automated voice response system at 800.866.6575.                              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
                                                                               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
                                                                               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
CU stats as of February 29, 2012                                               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
 Members:                      45,201                                          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
 Assets:                       $567,486,950                                    expense. 6Electronic repayment discounts do not apply. Mortgage loans may not currently be available in Nevada.
 Serving members since 1952                                                    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 for information on how to
                               We do business in accordance with the Federal   access your accounts. Rest assured, we have plans in place to allow us to continue to serve you.
                               Fair Housing Law and the Federal Credit
               EQUAL HOUSING
               LENDER          Opportunity Act. Federally insured by NCUA.

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