Walnut Street Journal
Published quarterly by
th nk pfcu
for loans! P Credit unions have a reputation for great P
P loan rates, and PFCu is no exception. P
Your credit union is the best choice when it comes to financing big-ticket items, or refinancing existing debt from other
lenders. Here are some of the most popular loans at PFCU ...
P 2nd TrusT deed P sPeCIAL suMMer rATe!! P
THINK PFCU for a 2nd Trust Deed that you can use to pay for just about anything:
special 4.25% APr* through sept. 30, 2012 • Fixed rate • 7-year Term • no closing costs •
Borrow $25,000 to $100,000 • 75% minimum loan-to-value • Available only in California
P deBT ConsoLIdATIon LoAn P
Ready to leave high-interest loans behind and make progress reducing your In ThIs Issue
debt? THINK PFCU for a debt consolidation loan:
12.5% APr* • Fixed rate • Terms up to 48 months • Page 2
- Introducing Mobile Deposit
Borrow up to $10,000
- Worried About Savings Rates?
- Our Website Has a New Look
P new & used VehICLe LoAns P
Cars, trucks, SUVs, vans, motorcycles, RVs and boats – if it rolls or floats, Page 3
- A Message From the President
THINK PFCU for affordable & convenient vehicle financing:
- Keep Your PFCU Profile Current
rates as low as 2.95% APr* • Fixed rates • Flexible terms
PFCU also offers Visa Credit Cards, Signature Loans, Personal Lines of Credit, - Visa Debit: The Way to Pay
- Auto Loan Rate Sale
1st Mortgages, Home Equity Lines of Credit, Share Secured Loans, Computer
Loans & Immediate Need Loans. To apply or learn more, visit our website, PFCU offices will be closed:
www.parsonsfcu.com or call 626-440-7000. Wednesday, July 4
APR = Annual Percentage Rate. Rates subject to change. Sample payment for a new auto loan for Monday, September 3
$15,000 at 2.95%APR for a term of 36 months is $435.89. Sample payment for a debt consolidation loan Labor Day
for $10,000 at 12.50%APR for 48 months is $265.80.
Low Savings COMING SOON: Mobile Deposit
Rates? Deposit checks on the go with PFCU’s FREE Mobile Deposit
app. Electronically deposit checks from an iPhone® or
AndroidTM device that has a camera. It’s as easy as taking
Today’s low rate environment means a photo on your mobile phone!
less income for seniors living on a fixed
income, and has Baby Boomers Mobile deposit works within Parons FCU’s Mobile banking system.
wondering when ... and if ... they’ll retire. To use mobile deposit, simply log into PFCU Mobile Banking on your phone,
download and launch the app, enter your deposit amount and choose to
Do you worry you may not earn enough which account you’d like to make the deposit, photograph the front and
from you retirement savings to live the back of the check with your mobile device’s built-in camera, and send the
lifestyle you’ve worked so hard for? images to PFCU.
Wondering if you need to review your
retirement strategy to survive what iPhone, iPad® and iPod touch® users: SySteM RequIReMeNtS
could be years of low savings rates and 1. Visit the Apple App Store on your Mobile Deposit is available on
investment returns? device and search for “PFCU Mobile devices that meet the following
Deposit.” system requirements:
Members convenient to our Pasadena 2. Select the application, tap FREE,
branch can schedule a no-obligation then tap INSTALL. * iPhone, iPad and iPod touch
investment consultation. Ashana 3.. Enter your Apple ID Password, then devices
Thorman, Senior Financial Advisor for tap OK. o Version 4.1+ operating system
Wescom Financial Services, provides o Built-in Camera
in-person consultations in our Android users:
Pasadena branch. Please call toll-free at 1. Launch the Android Market on your * Android devices
(888) 695-4200 for an appointment. device and search for “PFCU Mobile o Version 2.1.1+ operating system
Deposit.” o Camera with 2.0+ megapixel
Investment products and services offered through
Wescom Financial Services, LLC (WFS), a Registered 2. Select the application, tap FREE, resolution and autofocus
Investment Advisor, broker-dealer, and a wholly- then tap OK.
owned subsidiary of Wescom Holdings, LLC, which All third-party companies, products and service
is a wholly owned subsidiary of Wescom Credit names are for identification purposes only. All ser-
Union. Registered Representatives are employed by vice marks, trademarks and registered trademarks
and registered through WFS (Member FINRA/SIPC). are the property of their respective owners.
Investments are not NCUA/NCUSIF Insured, not
Credit Union guaranteed, and may lose value.
New World Class Look
We’re redesigning PFCU’s online and print profile,
starting with a fresh new logo and look.
And, this summer, we’ll upgrade our website design,
mproving it to be more user friendly.
Watch www.parsonsfcu.org to see the progress!
For safety &
A Message from the President:
Safe, Sound and Honest Keep Your
Our members are a very astute group, so I know I don’t have to tell you about PFCu Profile
the world’s economic condition. Headlines about Europe’s problems and
how and when they will affect the US: Greece today, Spain tomorrow and Current!
Mrs. Merkel in the middle. Not to mention our own politics and upcoming
presidential election creating even more questions for the future of our
economy. Yikes! Have you recently relocated or
changed your email address?
Now for the point of my article. I want to make an important statement
about the safety and soundness of your credit union, your insurance
coverage and ... rates. PFCU specializes in providing
convenient, remote account
Looking at our statistics and important operating ratios, we have a healthy access, earth-friendly eServices
net worth of 8.514%, a return on assets of .839% and a delinquent loan ratio of
and account security. So, if
only .233%, compared to our peer group average of 1.46%. We haven’t been
hit by foreclosures as many lenders have and are able to keep our operating you’ve moved to a new city ....
expense low using technology and 20 very hard working employees. We or, replaced your internet
have very loyal members who appreciate our insurance coverage of $250,000 service provider or email
federal insurance and another $250,000 through American Share Insurance.
provider .... please let us know!
We are safe, sound and healthy. Our only issue right now is that being so safe
and sound and well-insured, we have attracted more money than we can Without your current email
loan out. In fact, only 22.080% of our assets are in loans, so the rest have to go address, we can’t send
into investments ... and you know what that market looks like.
notification that your statement
So, here is the honesty. I’m sure you have noticed that we have been is available for viewing on CU
dropping the rates we pay on shares and certificates of deposits. We have Online Banking.
kept them as high as we could for as long as we could, but they just have to
go down. And, they will have to go down some more, I’m afraid. We just can’t
And, we also use your email
afford to attract any more money and pay the rates that we have in the past.
We haven’t dropped them too quickly, because we didn’t want to send the address to warn you if your
wrong message. We are dropping them because we are safe and sound, and debit or credit card has incurred
want to remain that way. suspicious charges.
What we really need is more loans, so please spread the word to family and
coworkers: PFCU is safe, sound and has money to lend, and when a credit For more information, visit our
union has both deposits and loans, all members benefit! website at www.parsonsfcu.org
or call 626-440-7000.
Visa Debit: the Most Popular Way to Pay
employees to PFCu! A recent research study by Javelin guaranteed against fraudulent activity,
Research found that debit and credit which means no risk of financial loss
When the Parsons Corporation cards have overtaken cash for the for our members.
acquired SPARTA, Inc. earlier this bulk of retail sales volume. Debit
year, SPARTA employees gained cards account for 31% of retail sales, And, with a tip of the hat to our
PFCU eligibility. followed by credit cards at 29% and mothers, the thing about cash is you
cash at 27% Cash is expected to fall to don’t know where it’s been! Just think
Our Houston branch manager, Pat only 23% of sales volume by 2017. of how many people have touched
Nelson, will soon visit SPARTA’s that dollar bill in your wallet. Ewww!
Huntsville, Alabama headquarters The study found that consumers still
to introduce PFCU to employees. use cash frequently for retail sales, PFCU’s Visa Debit Card is accepted
but only for small ticket items. Higher
If you have the opportunity to tell wherever Visa is, and your credit uion
value transactions tended to go to
SPARTA employees about your charges no monthly or annual fees.
debit cards and then credit cards.
good experiences with PFCU, Purchases and withdrawals are
please do so! debited from your PFCU Checking
Why? Safety, of course! Carrying large
amounts of cash is risky. And, debit Account. For more information, visit
Do you need PFCU membership cards like PFCU’s Visa debit, are 100% our website: www.parsonsfcu.org
applications, loan applications, or
other materials at your work site?
Please call toll-free (800) 765-4527.
We’d be glad to send you a supply!
CoMIng soon: Another great
PFCu Auto Loan rate sale!
Watch your mailbox and email for the details on our next auto loan rate
sale, planned for mid-August through the end of September. As always,
we’ll drop our super-low auto loan rates even lower, and give members
the Walnut Street Journal the option to save even more with our Power Accounts. We’ll also have
Published quarterly by: information available on our website: www.parsonsfcu.org. Stay tuned!
Parsons Federal Credit Union
100 West Walnut Street
Pasadena, CA 91124
For questions or comments about this
newsletter, please contact:
Mailing address: P.O. Box 90667
Pasadena, CA 91109-0667
(626) 440-7000 • (800) 765-4527
Your savings are insured up to $500,000
through a combination of federal
insurance by the National Credit Union
Administration (NCUA), a U.S. Government
Agency, and private insurance by
American Share Insurance.