THIRD QUARTER
2002
BEAR
Quarterly Newsletter for Members of California State and Federal Employees’ Credit Union, Wabash & E St Eureka
Congratulations to Our Loan Department!
F
or seven consecutive months, the California State and Federal
Employees’ Credit Union loan department has topped over
one million dollars in loans. As a member/owner of the credit
union, this means reduced loan rates, low and no-fee services,
and enhanced products.
Catherine Moore, loan department manager, has been with CSFECU for
AUTO LOAN RATES
17 years and has proven herself to be a knowledgeable loan professional.
Lending Specialists, Kay Serotta and Fernanda Gonzalez round out the
JUST GOT LOWER!
expert loan team. The next time you want to refinance your home, buy a
car, finance a home-remodel or a vacation, look to the familiar faces at
AS LOW AS
your credit union.
4.89% APR Fernanda, Cathy and Kay
LOAN DEPARTMENT
100% FINANCING
ON MODELS
2000 OR NEWER
ADDITIONAL
INCREASE YOUR LOAN OPTIONS
BARGAINING POWER, Smart Time to Refinance Your Car
GET PRE-APPROVED FOR
Individual and
Start saving money now by giving us a call or stopping by today!
AN AUTO LOAN.
Joint Disability
D
o you have your car financed with another financial
Insurance
institution or a car dealership? Our low rate of 4.89% APR
makes it the perfect time to refinance. We make the process
Mechanical easy for you. There’s no loan application fee or service
Breakdown charge for refinancing.
Insurance (MBI)
If you are a homeowner, why not
think about refinancing your car
Guaranteed Auto with an Auto Equity Loan. We
Protection offer the same great rates and you can
Insurance (GAP) use the equity in your car for tuition,
home improvements and to consoli-
date your other bills. Your Auto Equity
Loan may even be tax deductible.
THIRD QUARTER
Bear Facts • Quarterly Newsletter 2002
The Hidden Cost of Dealer Financing WRITTEN NOMINATIONS
FOR BOARD OF DIRECTOR &
While car deals with low-rate or 0% dealer financing seems right for you at first, you may think SUPERVISORY COMMITTEE
otherwise after you crunch the numbers. Often a dealer rebate and a low-interest rate CSFECU POSITIONS WILL BE
ACCEPTED UNTIL
auto loan may save you hundreds of dollars over the term of your loan.
DECEMBER 3RD, 2002
$2000 Dealer Rebate and ADDRESSED TO THE
With Special a Low Interest Rate NOMINATING COMMITTEE
Dealer Financing CSFECU Auto Loan PO BOX 1268 EUREKA, CA
Loan Amount: $20,000 $18,000 95502-1268
Loan Term: 36 months 36 months
Loan Rate: 0% APR 4.89% APR
Approximate Monthly Payment: $555 $538
Total Paid on Loan: 20,000 19,389
Approximate Savings
over 36 months: $0 $611 International
Note: Example assumes $2000 rebate applied to $20,000 vehicle purchase price. Credit Union Day
Thursday, October 17
Here are some of the other drawbacks associated with low-rate dealer financing:
• Terms are usually short, so monthly payments are high. Refreshments will be
served in the office!
• Low-rate dealer loans/rebates are not usually offered on more popular models.
• Loans can require a larger down payment and pre-payment penalty. BOARD OF STAFF
DIRECTORS
• Low-rate and dealer rebates are usually limited to their on-site stock. You may
President CEO
not get the color, style, or options you want. Unwanted options can add 25% Bert Wythe Denise Rogers
to 30% to the sticker price of a car.
Vice President
Bill McClendon Angela Jensen
Secretary/
Visit www.csfecu20.com You Asked For It, You Got It! Treasurer
Bob Hines
Cathy Moore
H A
ere are some of the timesaving links for fter much research and careful Stephen Fox Kay Serotta
George Hill
your convenience at our web site. Be sure consideration, CSFECU will begin Sonja McClary
Fernanda Gonzalez
Lee Simmons
to add this page to your favorites. offering members debit card service in
Just click on Useful Links from the home page: the first quarter of 2003. “We are very pleased to SUPERVISORY
COMMITTEE
Audrey Brown
• Order your checks online conveniently from your be offering this new service, as it will be an
Chairperson Karen Kovacovich
home. With your reorder slip in hand, click on the added benefit for our members,” says our CEO, Al Toland
Liberty Checks symbol. Denise Rogers. Vice Chairperson Mary Castanier
Sandy Fedder
• Buy foreign currency, traveler cheques, and VISA
TravelMoney (a prepaid global cash card.) Just click Your new debit card will replace your current Pete Pettersen Bitia Carr
on My Travel Wallet. Free delivery for orders over $500. ATM card and is also welcome at department Pat Briggs
Doug Dickson Brandy Lenz
• Did you know that when you use your ATM card stores, restaurants, video stores, dry cleaners, for
at any ATM with a CO-OP symbol, your transac- catalog orders…and for all your everyday
tion is free? Before traveling, go to our website and purchasing wherever Visa® cards are accepted.
click on the CO-OP Network symbol to locate a The purchase amount is automatically deducted
CO-OP ATM where you will be. Some CO-OP from your checking account. Our checking
account will soon be more convenient than ever! AUDIO RESPONSE TELLER (24 HOUR)
ATMs may even accept your CSFECU deposit. (707) 443-2424
or (800) 644-2024
OFFICE OFFICE HOURS HOLIDAY CLOSINGS VISA INQUIRIES
CHRISTMAS EVE
Tues, December 24th, open ‘til noon (800) 808-7230
CALL (707) 443-8662 MONDAY 9-3 COLUMBUS DAY
Monday, October 14th CHRISTMAS DAY or www.myccinfo.com
TOLL FREE (800) 440-8662 TUESDAY 9-3 Wednesday, December 25th
FAX (707) 443-8664 WEDNESDAY 11:30-5:30 VETERAN’S DAY NEW YEARS EVE
Monday, November 11th Tues, December 31st, open ‘til noon ATM LOCATOR
321 WABASH ST. EUREKA, CA 95501 THURSDAY 9-3 (888) 748-3266
THANKSGIVING DAY NEW YEARS DAY
www.csfecu20.com FRIDAY 9-3 Thurs/Fri, November 28/29th Wednesday, January 1st or www.co-opnetwork.org
Joan Grytness Graphic Design