Your Home Offers Instant Cash When You Need It!
With a Home Equity Line of Credit (HELOC) you can use your home’s equity to your advantage. • Remodel your home. • Pay off your credit cards. • Pay taxes due by April 17. • Buy a car, boat or RV. • Pay tuition and other college expenses. • Buy a second home or commercial property.
Introductory rate for a Stanford FCU HELOC is just 6.125% APR**
MARCH 2007
A PUBLICATION OF STANFORD FEDERAL CREDIT UNION
Do You Need Even More Reasons to Get a HELOC?
• Access to funds is fast and easy. • You can deduct the interest paid from your taxes.* • The rate only changes once a year. • Introductory rate is 6.125% APR** for the first 12 months, then changes to the weekly average yield on US Treasury Securities + 3.000% (currently 8.100% APR).** • Loans to $250,000 and 15-year terms. • No cost to apply.*** Apply online today at www.sfcu.org.
*Check with your tax advisor regarding deductibility. **Annual Percentage Rate. Rate is variable and is subject to change. Call for current rates visit www.sfcu.org. ***Stanford FCU may pay all closing costs for new Equity Loan applications. Loans paid off and closed in less than three years from the loan origination date will require reimbursement of all closing costs. Closing costs typically range between $350 and $500. These costs quoted are based on $100,000 home loan. These costs assume the property is a singlefamily residence and that you use this property as your primary residence.
Seminars and Events
These seminars and events are available to SFCU members, family, friends and the community. All seminars are free. Reserve your seat by e-mailing seminars@sfcu.org. “Home Buying” – Thursday, March 15 – 5:30 to 7 pm, 1860 Embarcadero Road “Home Buying” – Tuesday, April 17 – 5:30 to 7 pm, Pampas Lane
Annual Meeting May 24
Where: Pampas Lane Branch When: Thursday, May 24 at 7 pm Why: Election of officers, review of last year’s accomplishments, and discussion of future strategies and services How: We have three board positions open. If you’d like to run, submit your résumé and letter promising to serve, if elected, to: Supervisory Committee Attn: Nominating Committee PO Box 18374 Stanford CA 94305 The filing deadline is Tuesday, April 24, 2007.
Both Buyers and Sellers Come Out on Top When Homes Are Priced Right!
Everyday we hear the real estate market has softened. It’s true that home sales have slowed, and the market is finally starting to favor buyers. According to the Realty Times for Santa Clara County (1/1/07), “It feels like a ‘Buyers Market’…and buyers can take advantage of this market and find some good deals…but that all depends on how well a home is priced! So sellers remember, if you price your home correctly you will be in the driver’s seat when it comes time to negotiate.”
Buying Smart
The wise choice for a home loan is Stanford FCU. We have in-house loan experts who can guide your decision making. We offer 100% financing, 40-year terms and many other home loan programs to fit every need. We can help you before you even start looking! Just go to www.sfcu.org and get your home loan preapproved to discover the amount you qualify for. It’s quick and easy!
Credit Card Fraud
You’ve heard about the rise in theft of credit card numbers from merchant databases. The result is fraudulent charges on cardholder accounts without their authorization or knowledge. With Stanford FCU’s Visa® security, you can rest assured your financial data is safe. With our Zero Liability Policy,* you won’t be held liable for unauthorized use of your Visa Card. Use your Stanford FCU Visa with confidence!
*Covers US-issued cards only. The Zero Liability policy does not apply to commercial credit cards, ATM transactions or PIN transactions not processed by Visa. Cardholder must notify us promptly of any unauthorized use.
Stanford FCU Is There for You— Wherever “There” Is
Graduating and moving away or transferring to another city? Sad to leave the services and convenience you’ve grown to love with Stanford FCU? Rid yourself of separation anxiety…our e-services and surcharge-FREE CO-OP® ATM network make it possible to keep your accounts at Stanford FCU no matter where you live.
Stanford FCU members have access to over 25,000 surcharge FREE CO-OP ATMs nationwide
Stanford FCU Rates
New and Used Auto. . . . 6.00% APR* HELOC . . . . . . . . . . . . . . 6.125% APR** Premier Market Savings Account . . . . . 4.855 APY***
*Annual Percentage Rate. Rate is based on credit score and includes .50% discount for automatic loan payment. **Rate is fixed for first 12 months, then converts to the weekly average yield on US Treasury Securities + 3.000% (currently 8.100%). ***Annual Percentage Yield. Stated rate applied to minimum balance of $25,000. All rates are current as of March 2007 and are subject to change. These accounts are subject to all terms and conditions set forth in the current Dividend News, the Truth-in-Savings Disclosure and Agreements brochure and the Disclosure Fee Schedule. For current rates go to www.sfcu.org.
CO-OP Network Offers More ATMs than BofA and Wells Fargo Combined!
Compare the CO-OP ATM Network’s over 25,000 ATMs nationwide to the number of ATMs that Bank of America (16,000) or Wells Fargo (6,700) operate.
Access to cash is just around the corner, no matter what corner of the country you’re in. CO-OP ATMs are also located in 7-Eleven stores and select ATMs even accept deposits. To find an ATM nearest you, visit www.sfcu.org.
Want Convenience and Control? Try eServices
You can manage all your accounts without ever leaving home. • CUOnline banking offers 24/7 access. • Use FREE online Bill Payer. • Receive eStatements electronically. • Get online loan approval in seconds. • Apply with 24-Hour Loans by phone. • Try touchtone banking with Fas-TELL. • Access accounts with CUonHand and your Web-enabled phone. • And more!
With CURewards: Visa Purchases = Points = FREE Airfare and Merchandise
Don’t miss out! Earn big points on your Visa® purchases with CURewards. You’ll receive one point for every dollar you spend. When you earn 2,500 points, you can redeem it for merchandise. You can spend as little as 25,000 points for airfare, lodging or a rental car.
How to Reach Us
Telephone (650) 723-2509 Toll-free (outside 650 area code) (888) 723-SFCU (7328) 24-hour Loans by Phone (888) 725-SFCU (7328) Web site www.sfcu.org E-mail info@sfcu.org For the location of the branch or ATM nearest you, give us a call or check our Web site.
Information in this newsletter is subject to change. Visit our Web site for current rates and information. See SFCU’s Truth-in-Savings booklet for important account restrictions and conditions. All loans are subject to credit approval.
EQUAL HOUSING
Four Fun Ways to Earn More Points!
Stanford FCU loans earn: • 5,000 points for a new home loan • 2,500 points for refinancing a home • 2,500 points for a HELOC or second mortgage loan • 1,500 points for a $20,000 vehicle, boat, motorcycle or RV loan or 1,000 points for a loan under $20,000
SFCU Makes It Easy!
• Visa Platinum and Student Visa card users receive FREE CURewards, NO annual fee, cash advance fee or transfer balance fee. • Apply today at www.sfcu.org.
LENDER