Matadors
Community
Credit
Uni o n
October 2008 In This Issue:
Your Credit Union is the BEST in Los Angeles............. pg. 2 Refer a Friend...................... pg. 2 Become a MCCU Volunteer .. pg. 3 Lifelock ............................... pg. 3 Member Discounts .............. pg. 3 Mortgages............................ pg. 4
Refinance Your Auto Loan and Get Cash Back!
What would you do with an extra $200 in your pocket? Whatever you want! And MCCU wants to help make that happen. If you’re paying high rates for your new or used auto, find out if we can save you money on monthly payments, and put some extra cash in your wallet! Here’s how: 1) Apply at www.matadors.org using InstaLoan, or call or visit a branch. 2) If your loan is approved and funded, we’ll give you a maximum $200 cash rebate!1 • No application fees or pre-payment penalties • Refinance and save money on monthly payments • No Payment for First 60 Days3
Holidays
Veterans Day – Tuesday, November 11, 2008 Thanksgiving Day – Thursday, November 27, 2008 Day after Thanksgiving – Friday, November 28, 2008 Christmas Eve – Wednesday, December 24, 2008 Christmas Day – Thursday, December 25, 2008 New Years Day – Thursday, January 1, 2009
Apply today to get a great rate plus extra money in your pocket!
Visit a branch, call a Loan Officer, or go online to get pre-approved or apply!
Car Loan Rates
4.99A%PR
as low as
2
1 Rebate will be 1% of amount funded for car loan, not to exceed $200. Refinances only. 2 APR=Annual Percentage Rate. Rates as of 08/25/08 and are subject to change at any time. Must meet credit and income criteria. Rate quoted is the preferred rate based on a new car loan with 740 FICO Score and automatic payments for up to 60 months. Minimum loan amount $10,000. Model years 2003 or newer. Subject to credit approval and membership eligibility. Refinancing of existing MCCU Auto Loans not eligible. Other rates and terms available. Offer subject to change at any time. Sample Payment: $471.70 (based on 60 month new car loan, $25,000, 4.99% APR). Restrictions may apply. 3 Interest accrues from date of funding.
Refer a Friend and Earn $30!
Wouldn’t it be nice to have some extra cash in your pocket, for gas, shopping, or whatever you want? With MCCU’s new Referral program, you can! All you have to do is tell your friends, family members, neighbors and co-workers about MCCU. If they join and open any of the following accounts and services, you can each get up to $30! Here’s how it works: Refer a friend to MCCU. You will get $10 each, for each new product or service opened: • Checking Account with MasterMoney Check Card OR Direct Deposit* • Share Certificate (IRA or Regular) • Loan (Auto or Real Estate only – includes Home Equity and Mortgages) We’ve made it easy for you to make the referral. You have two options: 1. Request a form from a branch representative. You and the person you are referring can fill it out and have the new member bring the completed form with them when they come in to open their new account.
Your Credit Union is the BEST in Los Angeles!
2. Go online to www.matadors.org and click on “Refer a Friend”. Fill out the form and we’ll send a pre-written e-mail to the person you are referring. It’s really easy! Plus, you can refer as many people as you like! So there is no limit to your earning potential! Tell everyone you know how great your credit union is and you can all start earning some extra money! For complete details, please visit our website – www.matadors.org - and click on the “Refer a Friend” link.
* Minimum $500 monthly direct deposit required. Checking account and loans subject to credit approval. Restrictions apply. Call the Credit Union or go online for complete details.
MCCU was recently voted best Bank/ Credit Union by Los Angeles Daily News readers! Thank you to all of our valuable members who voted for us! Please tell your friends, family members and co-workers about your award-winning financial institution! We are happy for the opportunity to serve your financial needs since 1963.
Become a MCCU Volunteer!
Would you like to serve on the MCCU Board of Directors or Supervisory Committee? The nominating Committee is currently looking for qualified candidates. The following positions are available: BOARD OF DIRECTORS There are currently three open positions, all for a three-year term. SuPERvISORy COMMITTEE There are currently two open positions, all for a three-year term. The following qualifications are needed to become a candidate: • Be a MCCU member in good standing • Be at least 18 years of age • Be able to commit 10-15 hours a month
The credit union’s success depends upon membership support. Get involved and show your support for Matadors Community Credit Union! Nominations will close on Saturday, November 22, 2008. To obtain a nomination application, please call the Marketing Department at (818) 993-6328 extension 224 or send an e-mail to marketing_dept@matadors.org. Additional nominations for either an open position on the Board of Directors or Supervisory Committee may be made, by petition, by successfully obtaining 100 signatures of eligible members on an approved Credit Union form. This must be completed and submitted to the Credit Union by December 6, 2008.
Member Discounts
Pacific Sales, located next to MCCU’s Chatsworth Branch at 9330 N. Winnetka Avenue, is offering MCCU members special contractor and designer pricing. Simply mention you are a member of the credit union! Pacific Sales sells kitchen appliances, plumbing fixtures and home theater products.
Protect Your Identity with LifeLock™
In the time it takes you to read this, at least 10 more people will have become victims of identity theft. And with holiday season just around the corner, identity thieves will be working overtime to steal your personal and financial information. That’s why Matadors Community Credit Union and LifeLock™ have partnered to help you stop identity thieves before it’s too late. LifeLock™ the industry leader in proactive identity theft protection, , prevents thieves from ruining your good name by: • Requesting credit fraud alerts on your account • Requesting free annual credit reports on your behalf • Reducing junk mail and pre-approved credit card offers • Helping cancel and replace the contents of your wallet if ever it’s lost or stolen • Address verification and patrolling of the internet for misuse of your personal information And LifeLock™ backs it all with a $1 million Total Service Guarantee! Enroll now to guarantee your good name. Simply go to www.lifelock.com or call 1-800-lifelock and enter promo code MCCu to get 30 days free and 10% off.
Got Pets? Get 10% off any order at 1800PetMeds.com with coupon code “WEEK” for your dog, cat, or horse. Plus get Free Shipping with any order over $39! All Major Brands and Prescriptions in Stock. Fast Service, 100% Guaranteed! 1800PetMeds.com will match or beat any advertised price! 10% discount code “WEEK” works for both online and phone orders at 1-800-Pet-Meds (1-800-738-6337).
MCCU does not control and cannot guarantee the relevance, timeliness, or accuracy of the materials provided by these companies, nor does MCCU endorse their views, products, or services. In addition, MCCU is not responsible for the content of other websites and does not represent either the company or the member, if the two were to enter into a transaction. Privacy and security policies may differ from those practiced by MCCU.
Opportunities for Home Ownership Still Present in a Down Market
Think you can’t afford to buy a home? There is hope. Daily reports of doom and gloom surrounding this housing market seem endless. News of countless foreclosures and increased government regulations make a home purchase seem even more difficult and your dream of home ownership just that, a dream. However, there are ways to improve your chances of purchasing a home utilizing the criteria of lenders to your benefit. While it is true that financial institutions are imposing stricter lending standards, there are alternatives for first time homebuyers, which include programs with flexible guidelines requiring little down payment, balanced with job stability and good credit. In addition, there are public servant programs for teachers, police officers and other public employees, which are government-backed and are available with as low as a 3% down-payment. There is more good news. As interest rates are still relatively low, this is a great time for people to get into their first home. Inventories are high and with the continued influx of foreclosures, homeowners are eager to sell, creating a “buyer’s market”. Sellers will often absorb closing costs when negotiating. Wise buyers have a real opportunity of obtaining their dream home at the right price. There are still several things to consider before purchasing a new home. First, be familiar with your credit score and credit history prior to pre-qualifying because the better your credit score, the better chance you have of obtaining a loan and at a more desirable rate. Also, start saving for a down-payment and pay off your debt. A 20% down-payment may be difficult to accumulate, but a 3% down-payment is within reach. Lastly, you should get pre-qualified so you know how much house you can afford, and you will be taken more seriously by the sellers. Home ownership is within reach! For those of you looking to purchase, keep searching for your dream home while the housing market is down. Sooner or later these economic times will be turning around, and you wouldn’t want this opportunity to pass you by! Apply on-line today at www.matadors.org, or call our mortgage advisor Fred Kreger at 1-888-317-9883 extension 111.
ATM LOCATIONS Need a cash infusion? We’ve got you covered.
Matadors Community Credit Union Surcharge-Free ATMs:
Chatsworth Branch – Drive Up ATM! 20045 Prairie Street, Chatsworth Northridge Branch 9401 Reseda Blvd., Northridge Van Nuys Branch 7247 N. Van Nuys Blvd., Van Nuys
Local Fee-Free CO-OP Network ATMs:
7-Eleven Stores All locations Granada Hills First Financial FCU ATM 18127 Chatsworth St. Northridge Albertsons Store CO-OP ATM 9022 Balboa Ave. Santa Clarita Wescom CU ATM 21515 Soledad Canyon Rd. Simi Valley Wescom CU ATM 2691 E. Tapo Canyon Rd. Stevenson Ranch Wescom CU ATM 24939 Pico Canyon Rd. Thousand Oaks Ventura County CU ATM 223 E. Thousand Oaks Blvd. Woodland Hills Lockheed FCU ATM 21555 Oxnard Blvd.
Chatsworth Branch 20045 Prairie Street Chatsworth, CA 91311 Hours: Monday - Thursday: 9:00 a.m. - 4:00 p.m. Friday: 10:00 a.m. - 5:00 p.m. Saturday: 9:00 a.m. - 1:00 p.m. Van Nuys Branch 7247 North Van Nuys Boulevard Van Nuys, CA 91405 Hours: Monday - Thursday: 8:30 a.m. - 5:00 p.m. Friday: 10:00 a.m. - 6:00 p.m. Saturday: 9:00 a.m. - 1:00 p.m. Phone: (818) 993-6328 Fax: (818) 993-0324 Loan Fax: (818) 341-5626 E-Mail: info@matadors.org Website: www.matadors.org
MCCU News is published for MCCU members and is distributed with the understanding that it does not constitute legal, accounting or other expert advice. Such assistance should be sought from professionals in those fields. Information in this publication is current as of the date the issue was printed.
Northridge Branch 9401 Reseda Boulevard Northridge, CA 91324 Hours: Monday - Thursday: 8:30 a.m. - 5:00 p.m. Friday: 10:00 a.m. - 6:00 p.m.
Find a branch near you. Shared Branch Locations www.cuswirl.com (888) CUSWIRL (287-9475)
24-Hour Telephone Banking (800) 283-6277 or locally (818) 701-6277