best auto loan

January 2007 Ontario-Montclair School Employees Federal Credit Union OMSEFCU Internet Banking Is Even Safer! We are committed to helping you protect your on-line identity, combat “phishing” attacks and prevent fraud. To accomplish this, as of December 18, 2006, our Enhanced OMSEFCU Log-in Security (EOLS) is required for all Internet Banking users. You will be asked to more securely identify yourself when logging in from an unregistered computer. Your Best Auto Loan Source OMSEFCU Works Hard to Meet or Beat Competitor Rates! You simply can’t do better than Ontario-Montclair School Employees Federal Credit Union for a new or used vehicle loan. Our rates are excellent, and if you happen to find a better deal elsewhere, call us before you sign! We will do everything possible to meet or beat any other offer! Post-Holiday Blues Buster Loans! Is your mailbox filling up with post-holiday bills? Those 12% - 21% APR store and bank credit card account rates, outrageously high late fees and other sneaky charges will vanish when you pay off your existing balances with a low-rate OMSEFCU “Blues Buster” Loan. A Signature Loan can give you as much as $12,500 for up to 48 months at 9.5% APR**, with another .25% rate reduction if you use electronic repayment. A Personal Line of Credit will give you the same amount on an open-ended basis, and the line of credit replenishes as you repay. The Personal Line of Credit rate is currently 9.9% APR.** If you need a larger amount, consider borrowing against the equity in your home with a Home Equity Line of Credit. Depending on the amount of your loan and the equity in your home, your six-month introductory rate could be as low as 3.90% APR!** This is a no-headache loan. You’ll be surprised how easy and fast it is to qualify and quickly get the funds you need. The introductory rate applies to your loan regardless of your credit score! A minimum initial advance of $10,000 is required. (Please see the footnote for special promotional conditions.) Applying for any of our “Post-Holiday Blues Buster” loans is easy. Visit our Web site or contact an OMSEFCU loan officer and banish those post-holiday blues quickly! Current New & Used Car Loan Rates Term 36 48 60 72 84 Annual Percentage Rate 5.20%* 5.60%* 6.00%* 6.50%* 7.00%* On approval of credit, OMSEFCU will finance up to 100% of the purchase price of new vehicles and up to 100% of the Kelley Blue Book retail value for used vehicles. The rates shown above reflect a .25% rate discount for our easy and convenient electronic repayment service. If you are offered a better rate, based on your ability to qualify, we will do everything possible to meet or beat it. Don’t let the dealer sell you expensive added products like high-priced extended warranties, GAP insurance, and credit life and disability policies, with tricky financing terms. Check with us first. We work hard to save our members money! OMSEFCU is simply your best vehicle loan source. Call us today! www.omsefcu.org (909) 983-1959 **All loans on approval of credit. Closed-end Signature Loans qualify for an additional .25% discount for members electing our easy and convenient electronic payment service. For the HELOC loan, credit score restrictions do not apply to qualifying for the low introductory rate. However, once the sixmonth introductory period has expired, our standard HELOC qualifying rates will go into effect in accordance with the Note and Disclosure provided to each borrower. The standard rate is variable and is tied to the Prime Index Rate. This Home Equity Line of Credit is a 15-year loan with a five-year draw period. (909) 983-1959, Option 2 * Annual Percentage Rate (APR) shown is our lowest available. All loan rates are considered on an individual basis. The actual APR you receive will reflect your individual circumstances and may be higher than the APR Shown. 72month financing is available for loans of $20,000 or more; 84-month financing is available for loans of $30,000 or more. Minimum payment will always be $100. IN THIS ISSUE: • • • • • We Work Hard to Meet or Beat Competitor Rates! Post-Holiday Blues Buster Loans Save a Tree – Use E-Statements! End Junk Mail! Annual Meeting Coming Up! HOLIDAY SCHEDULE Martin Luther King, Jr.’s Birthday..Monday, January 15 Presidents’ Day………… ………..Monday, February 19 More Than 850 Members Are “Saving Trees”! E-Statement Program Very Popular! “Save a tree! Use E-Statements!” was our motivating message to let members know about our paperless, online E-Statement program, and the enthusiastic response has been tremendous. More than 850 OMSEFCU members are already using the program and saving trees! The E-Statement program allows you to receive your statements electronically, via OMSEFCU Internet Banking. More than 1,800 members are now using Internet Banking, and approximately 300 are using our electronic Bill Payer service, as well. Banish Junk Mail! Are you aware that you can say “No” to much of your junk mail? Most of the credit card and other financial offers you receive in the mail are generated from information about your credit worthiness that companies get from the credit bureaus. You can call the credit bureaus and tell them you do not want to receive credit card offers. The credit bureaus will then block companies from using your credit file information for their target-marketing lists. All three major credit bureaus (Experian, Trans Union and Equifax) can be reached with a single call to (888) 567-8688 or online at www.optoutprescreen.com. Give your name, address, Social Security number and birth date and then choose to opt out for five years or forever. To stop other kinds of junk mail, you can send a postcard to Mail Preference Service, Direct Marketing Association, P.O. Box 643, Carmel, NY 10512. They will need your name, address and signature. You can also go on-line at www.dmaconsumers.org/cgi/ offmailinglistdave and print out their form to send in. It may take several months before your mailbox feels the difference, but don’t despair! These remedies do help. E-Statements’ Advantages Over Paper Statements: • E-statements are safe, convenient and environmentally friendly: no more paper statements with your personal information to get lost or stolen. You’ll receive your statements sooner: generally, on-line statements will be available on the first business day of the month. • • At least 12 months worth of your statements will be stored on the Internet Banking site. You can save all your statements on your computer and print copies if you wish. • OMSEFCU checking account holders can make money by signing up for on-line statements. You’ll earn $5 when you sign up and another $10 after you’ve been in the program for one year! A link on the E-Statement page opens another window that contains recent newsletters, statement inserts and blank copies of the reconcilement form. $2,000 in Free Insurance Available to Members! We continually strive to bring our membership the highest quality services and products at the best possible prices. We are pleased to announce our open enrollment period for our new Group Accident Insurance Program. Our new provider, AIG American General Insurance Company, an A.M. Best rated “A++ Superior,” will provide each of our members over age 18 with $2,000 of accidental death and dismemberment coverage at absolutely no cost to you. (The benefit is $1,000 if you are over age 70). Simply complete and return the enrollment form you’ll receive in January. Plus, you may enroll for up to $250,000 in optional additional accident benefits – covering death, disability and hospitalization – which could pay up to $500,000 in benefits. This coverage is available at low group rates. Whether or not you select additional benefits, the basic $2,000 coverage is yours free. Even if you enrolled in the past, it is important that you complete the new AIG enrollment form. Please respond as soon as you receive the form. More than 15 years have passed since we changed our program benefits and premium rates for members enrolled in expanded coverage. We are pleased with the additional benefits AIG American General Insurance Company is offering our members. You will soon receive information by mail about the new Return of Premium coverage, enhanced benefit limits, and nominal rate increase. If you have questions, call the plan administrator toll-free at 1(800) 942-3646. • After you sign up for E-Statements, you’ll receive a monthly e-mail from admin@omsefcu.org notifying you that your current statement is available for viewing. The notice will be sent to the e-mail address that you provided when you first enrolled in Internet Banking. Please make sure this is the e-mail address you want us to use for your E-Statement notification by signing onto Internet Banking and clicking “User Options.” Then click “E-mail Address.” Please understand that we will never sell your e-mail address to anyone. You will receive only OMSEFCU information and special offers in addition to your monthly statements. If you don’t want us to send you special offers via e-mail, just let us know. E-statements are certainly the simplest, safest and most convenient way to receive your OMSEFCU account statements each month. You have access to them on-line, 24/7. To sign up for E-Statements, just give us a call or visit our office. If you already use Internet Banking, you may sign up for on-line statements via Internet Banking. Save a tree! Use E-Statements! www.omsefcu.org (909) 983-1959 ONTARIO-MONTCLAIR SCHOOL EMPLOYEES FEDERAL CREDIT UNION 1520 N. Palmetto Avenue, P. O. Box 1697, Ontario, CA 91762 Office APL FAX (909) 983-1959 (909) 983-0091 (909) 988-5130 9 a.m. – 5 p.m. 10 a.m. – 5 p.m. 10 a.m. – 6 p.m. 2007 Annual Meeting, April 23 Our 2007 OMSEFCU Annual Meeting will be held on Monday, April 23. We will have our usual delicious buffet dinner, outstanding door prizes, and of course our business meeting and elections. Look for complete details in our April newsletter. Office Hours: Monday Tuesday – Thursday Friday Web site: www.omsefcu.org Robert H. Hamm, President/CEO