Patelco offers a variety of School starts soon. Start saving now.
great Auto Loans for first It’s that time of the year again and Patelco is ready to help out with our Student
time buyers . . . Starter package. Take advantage of one or all of these great offers exclusively for
I didn’t know that! Patelco Members:
Are you just starting out in your 1. Get a great rate on a computer loan and a great Dell computer through our
financial life and want to buy exclusive discount program with savings up to 12% off Dell Home regular
your first car but are worried prices.
about getting a loan without a Step 1: Call or go online to get your Dell PC at 1-866 257-4711 or
co-signer? Patelco can help. In www.dell.com/patelco. Be sure to mention or enter Member ID 82924266.
most cases, if you have a job Print-off your e-quote and then:
and good payment history5, Step 2: Contact Patelco to get pre-approved for your Patelco Computer loan.
Patelco can get you into your Apply online at www.patelco.org/computerloan, call us at 1-415-442-6200 or
new wheels without a co-signer stop by any one of our branches.
at a rate lower than you might
expect. Here are some more 2. Set-up Free Checking with Member-to-Member transfers
details on our auto loans: at www.patelco.org/checking.
3. Get a low rate Visa account at www.patelco.org/visa. Unlike many other
• Up to 100% financing credit cards on the market, there are no annual fees or penalty rates with a
• Terms up to seven years for new Patelco Visa. Members under 18 must have parental signature.
and used cars (1998 or newer)
• Terms up to five years for older
4. Open our gr8 r8 savings account with an 8.00% APY3, that’s good until
cars (1994-1997) December 31, 2008 (available only to members under the age of 21). There is
• Buy from a dealer, private party, a $1.00 minimum to open, and the rate applies to the first $1,000 deposited.
or even buy out a lease
• Refinance a loan from another
financial institution and save
Computer Auto gr8 r8 Savings 15-Year Home Equity
Loan Loan Account Line of Credit
Contact us today and see how RATES AS LOW AS RATES AS LOW AS
we can help at: 800 358-8228 or
on the web at
8.9% APR1 5.90% 8.00% 6.863% APR2 APY3 APR4
www.patelco.org/carloans or 1
Rates as of 7/18/2007 and are subject to credit approval and can change weekly. Members under the age of 18 will require
parent or guardian joint on account. Computer loan terms up to 24 months and amounts up to $2,500.
stop by one of our branches. 2
Rates as of 7/18/2007 and are subject to credit approval and can change weekly. Patelco makes auto loans on an open-end credit plan;
payment schedules up to 84 months available. No fee to open credit plan; no annual fee. Rates vary depending on credit rating, account
Rates vary depending on credit rating, account relationship, payment schedule, vehicle value, and other factors and may be .10% to 16.60% higher than the quoted rate. 5.90% APR
relationships, payment schedule, vehicle value and other available to qualified applicants on payment schedules up to 36 months on 1998 or newer vehicles with up to 100% financing.
factors. All loan terms subject to credit approval. 3
Annual Percentage Yield effective as of 07/18/07, subject to change. 8%APY effective through 12/31/08 on balances up to $1,000.
Rates subject to change without notice. Balances over $1,000 earn the low tier regular share account rate. Account will transfer to regular share account, effective 01/01/09, and
this account will be closed. Member must be under the age of 21 at time account is opened. One account per member. Limited time offer.
Rate is 6.75% and is as of 7/18/2007; subject to credit approval and can change weekly. Home Equity Loans are available in AZ,
CA, CO, FL, IL, NV and WA. Non owner-occupied properties are available on certain products at a higher rate. APR calculations
are based on a 15-year term and a loan amount of $100,000.00 with estimated closing costs of $500.00 and are for up to 80% LTV.
Using gift funds for a down payment may be a good
Ask Joe An informative Q&A column
focused on members’ home loan questions answered
option if your daughter is of modest means. Patelco’s
Home Loan Payment Relief (HLPR) program makes
by Joe Kleemann, Vice President of Home Loans. below-market-rate mortgage loans available to
borrowers whose household income is at or below area
median income. Plus you can use gifts or grants for
Q: How can I help my daughter buy a house? down payment assistance.
A: The financial demands of buying a house are often too Q: I no longer live near a branch.
great for young people to take on without the help of a Who can I call to ask mortgage questions?
parent. You can: A: One of the many benefits of being a
• gift your daughter funds for a down payment; Patelco member is that you have a designated
Home Loan Consultant to answer your questions
• co-sign the mortgage to extend credit rather than and help you complete the application process in a
contributing; matter of minutes. Go to
www.patelco.org/hlconsultants to contact
• or buy the property and lease it back to her, letting her one today!
participate in the appreciation.
In efforts to better serve our members, we want to hear from you! Please email any real estate loan
questions you may have to Joe Kleemann, Vice President of Home Loans at email@example.com.
Stressed over the cost of healthcare?
We have the right prescription for you!
RX: Stop worrying about your medical costs and start Take advantage of special credit union pricing!
saving with Health Benefits Plus, a new concept in affordable
healthcare. All you need to do is identify yourself as a member of
Patelco Credit Union when you call toll free at
As a Patelco member, you have access to a special program 1-888-9MD-PLUS (963-7587) or visit
that gives you and your family a world of savings on medi- www.healthbenefitsplus.com/patelco to enroll online.
cal and dental care, hospitalization, prescription drugs,
vision, chiropractic, alternative care and more! Health With Health Benefits Plus, you can enjoy the conve-
Benefits Plus will help you manage the ever-rising costs of nience of automatic payments from your credit union
healthcare at a price you can afford. With Health Benefits account, and the assurance of a 30-day money
Plus, there is no qualifying, no deductibles, no claim forms back guarantee.
and no limits – just great savings of 10% to 60% at more Stop being stressed over the cost of healthcare and
than 350,000 participating providers: Doctors, Specialists, start saving today with Health Benefits Plus and all it
Hospitalization, Prescription Drugs, Dentists, Alternative offers you!
Care, Cosmetic & LASIK Surgery, Eye Exams, Eyewear &
THIS PROGRAM IS NOT INSURANCE
Contacts, Rehabilitation Services, Counseling, Chiropractic, This plan provides contracted discounts at certain providers for services and
Hearing Aids, Nurse Hotline, Medical Supplies, Massage does not make payments to the providers. The plan member is obligated
to pay for all services when services are rendered. Health Benefits Plus is a
Therapy, Elder Care, Plus Much More! discount dental plan which provides negotiated fees for dental services and
is offered and administered by Benefit Services of America, Inc., a Florida
licensed DMPO, located at 101 S. Wymore Road, Suite 300, Altamonte
Springs, FL 32714.
2 August 2007
Health Savings Accounts. Calendar: Things to Know + Things to Do
Patelco’s Health Savings Account (HSA) supports creative
alternative to traditional health insurance; it is a savings product August 2 – The Lincoln Penny was first minted
that offers a different way for you to pay for your health care. It in 1909 to commemorate Abraham Lincoln’s
enables you to pay for qualified health expenses including visits 100th birthday. It was the first American coin to
to the doctor, prescriptions, and dental care-while enjoying bear a president’s image on its face.
several tax benefits, such as making contributions that are
Sept 3 - Patelco will be closed in observance of
deductible from federal taxes. Labor Day.
To take advantage of an HSA you must be covered by a High
Deductible Health Plan (HDHP) which is an alternative to
traditional health insurance. You may be able to lower your
Hot Tip: What’s New + How To
health insurance premiums by switching to health insurance
coverage with a higher deductible. Generally, an HDHP costs less
than traditional health care coverage, so the money you save on Visit California Insurance Specialists, your
insurance can be put into your HSA. one-stop-shop for all of your insurance
Perhaps the greatest HSA benefit is that you control the money in needs at www. patelco.org [Link: Insurance,
your account. That means decisions on how to spend the money Auto & Homeowner’s].
Call the California Insurance Specialist at
are made by you without relying on a third party or a health
1.800.231.4619 for more information.
insurer. Even better, funds are easily accessible through an HSA
debit card and HSA checks. Plus funds remain in the account
from year to year, just like an IRA. There are no “use it or lose it”
rules for HSAs. Vital Statistics: Members + Assets
Apply at any branch location – or download forms online and
submit via mail – to get one of the best HSA rates in the country. Members: 236,500
Get your HSA Assets:
Health Savings Account 5.12% APY 1
As of 6/30/07
Annual Percentage Yield as of 7/5/07. Rate is 5.00%
Class Schedule: Free seminars for your financial well-being.
> Making Decisions for > The Truth About Estate > Reverse Mortgage – Is it Right
Your Aging Parents2 Planning & Living Trusts2 for You?2
Saturday, August 25, 2007 Thursday, August 30, 2007 Wednesday, September 5, 2007
144 Second Street – Mezzanine 6:30 p.m.– 8:00 p.m. Noon – 1:00 p.m.
San Francisco, CA 1790 North Broadway 144 Second Street - Mezzanine
Walnut Creek, CA San Francisco, CA
> The Truth About Estate > Solving the Mystery of the Investment products and services offered through CUSO
Planning & Living Trusts2 Credit Report2 Financial Services, L.P. (CFS), are not insured by American
Wednesday, August 29, 2007 Wednesday, September 12, Share Insurance (ASI) (the Credit Union’s private share
insurer), are not NCUA/NCUSIF insured, are not Credit Union
Noon – 1:00 p.m. 2007 guaranteed, and may lose value. Financial Advisors are em-
144 Second Street – Mezzanine Noon – 1:00 p.m. ployees of Patelco Credit Union, and registered through CFS.
San Francisco, CA 144 Second Street – Mezzanine
Patelco Credit Union is in partnership with CFS. Member
San Francisco, CA
Patelco seminars are complimentary and open to the public. Pre-registration is required. Call 415.281.2544 or go to www.patelco.org/seminars at least
48 hours in advance. Patelco reserves the right to cancel seminars due to low enrollment and may limit class size. Enrollment will be accepted on a first-call, first-served basis.
For specific tax advice, please consult a qualified tax professional.
August 2007 3
Financial Tips For Newlyweds
1 Complete Patelco’s Checking Switch Kit. Make Patelco your primary account How to Reach Us
with free checking. You can sign up for direct deposits, earn Patelco Points1
(our Rewards Program), use Bill Payer, and access your money with our free 156 Second Street
network of over 25,000 CO-OP ATMs. San Francisco, CA 94105
2 Open a Patelco Roth IRA. Unlike the traditional IRA, there isn’t a 70 ½ age limit Web Address
on making contributions. You simply need to have earned income equal to the
amount you contribute up to a maximum amount set each year. Telephone
800.358.8228 (outside CA)
3 Set up joint credit card accounts. Apply for Visa Gold and earn Patelco Points1.
Spend $1, get 1 point. As your points add up, so do the rewards. Branches
Find a branch near you.
4 Meet with a Patelco Financial Advisor,2 available through CUSO Financial www.patelco.org/branches
Services, L.P. (CFS), our broker/dealer. It’s never too early to start planning Credit Union Service Centers
for retirement, thinking about kids (and how you are going to afford to send Find a shared branch from
our nationwide network.
them to college), and the lifestyle you want to have. Get answers to all of your www.cuswirl.com
questions. Make an appointment for a complementary consultation today.
CO-OP ATM Network
$25 Annual Fee to participate in Patelco Points Rewards Program.
Find an ATM from our
Investment products and services offered through CUSO Financial Services, L.P. (CFS), are not insured by American Share www.patelco.org/atm
Insurance (ASI) (the Credit Union’s private share insurer) are not NCUA/NCUSIF insured, are not Credit Union guaranteed, 888.748.3266
and may lose value. Financial Advisors are employees of Patelco Credit Union and registered through CFS. Patelco Credit
Union is in partnership with CFS. Member NASD/SIPC
PC-24 Online Banking
Call-24 Telephone Banking
Expected New Ruling May Fail You! Lost or Stolen Credit Card?
If you are a 403(b) employee, will your 800.543.5073 (after business hours)
Retirement Plan Make the Grade? Questions or Comments?
Send us an email.
Your investment flexibility may reduce in 2008. Unlike many employee
retirement plans which prohibit control until a participant either changes jobs
or retires, 403(b) plans offer you a choice!
Transfer options within these plans allow you to explore vendors who may
provide better investment choices or lower fees. But these options may be
restricted as early as January 1, 2008. Now is the time to take advantage of
your investment flexibility and your retirement plan to potentially improve the
return on your retirement plan assets!
Financial News is a monthly
To learn more about how this may impact you, call any of our Financial
newsletter published by Patelco
Advisors available through CFS3 at Patelco Credit Union. Go to Credit Union for its members.
Patelco Credit Union is privately insured up to
$250,000 per account by American Share Insurance.
Investment products and services offered through CUSO Financial Services, L.P. (CFS), are not insured This institution is not federally insured, and if the
by American Share Insurance (ASI) (the Credit Union’s private share insurer), are not NCUA/NCUSIF institution fails, the Federal Government does not
insured, are not Credit Union guaranteed, and may lose value. Financial Advisors are employees of guarantee that depositors will get back their money.
Patelco Credit Union, and registered through CFS. Patelco Credit Union is in partnership with CFS. Accounts with this institution are not insured by
Member NASD/SIPC. any state government.
4 August 2007