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