THE Outlet Your Source for SCE Federal Credit Union News Fall 2006 WE WORK HARD TO MAKE YOUR LIFE EASIER CONVENIENCE! Yes! We all long for convenience in our lives. But when handling their finances, our members don’t want us to sacrifice their security to add convenience – and we don’t. WIN A $100 GAS CARD!* SOLUTIONS! SCE FCU offers great ways for you to get the Giveaways Each Week! convenience you want, the security you need, and also some free services we think you’ll enjoy. Tempted to try one of our free Everything is designed to make your life – and electronic banking services? Here’s financial transactions – easier than ever! another reason…a chance to win a free gas card! Online Bill Payer lets you eliminate the check writing, envelope addressing and postage costs involved when you Use Bill Payer or sign up for pay bills the traditional way. With SCE FCU’s Online Bill Payer eStatements and you’ll automatically service you can easily set up recurring payments for bills (such as your be entered for a chance to win a mortgage or car) so that they are automatically paid in a timely manner. Bill Payer also lets you make $100 gas card. one-time or variable amount payments. It’s secure. It’s free. And it comes with a guarantee! Drawings will be held on a weekly No more clutter! With SCE FCU’s eStatements, you can view your monthly statements and basis, so the sooner you sign up the transactions online. Not only do you save trees, you don’t have to wait for mail delivery to view your more chances you’ll have to win! statement. We send you an e-mail notice that your statement is ready. Access is gained only through the security of your personal password. With eStatements, you can review your transactions, look up Want to double your chances? previous statements, print the copies you need and more! Simple and secure. Sign up for both Bill Payer and eStatements and you’ll receive When you need cash fast, there is nothing better than an ATM. And SCE FCU offers members access two entries. to more than 25,000 Surcharge-Free ATMs via CO-OP Network machines conveniently located across the country. Just look for the CO-OP Network logo at credit unions, participating Free gasoline, secure transactions 7-Eleven stores and many other locations. Not sure of the ATM closest to you? Call (888) SITE-COOP. and yes... convenience. SCE FCU The service is free and is voice-activated to make calling even easier. When placing a call, you can say offers all this and more to our that you're in Irwindale, at the corner of Ramona and Durbin, and you'll be given the nearest CO-OP members every day! ATM locations. Super easy! * One card will be given away each week from 8/21/06 through 10/31/06. No purchase You can sign up for Bill Payer and eStatements online or call us necessary. For complete rules, visit for assistance. Even that’s easy! www.scefcu.org. I don’t know how you prefer to do your banking, but I do virtually all of mine online. I view my account relationships regularly, and move funds between my accounts and the accounts of my family members. I pay my bills as I receive them, online through bill pay. I set up recurring payments for all of my monthly bills that do not change (mortgage, car payment, car insurance) and don’t think about them again. I appreciate the convenience. I can do my banking at home or at work, during the day or in the middle of the night.When I travel across the country on business or pleasure, I have the same access that I do at home. I also value the security, and the fact that it continues to evolve in an effort to protect my privacy and all of my personal and financial information.That is why I am excited to introduce a new initiative currently in development at your Credit Union. Before year-end, the team at SCE FCU will implement a more diverse authentication method for your online access. A N O T E F R O M D E N N I S For close to a year we have been advising you of various security risks that when you log in from another computer (other than the one you used to set come in the form of internet scams. One such scam that we have referenced up the security features), you will be prompted to answer one or two frequently is phishing.This occurs when someone other than your Credit additional questions to verify your identity.The questions will query things Union sends you an email, posing as your Credit Union, and asking you for that only you know, such as the name of your first pet or your favorite food. confidential information.The email looks authentic, and the log-in page on Obviously, this type of data does not appear on any legal documents or the site it points to looks like your online banking homepage.The formal records, so it would be virtually impossible for someone else to secure. perpetrators are trying to trick you into revealing confidential information that would give them access to your accounts. I know that the additional security steps might lengthen the log-in process by a few seconds, but I like knowing that my personal and financial information Our new authentication procedures specifically counteract this type of scam. is secure.When these new procedures are rolled out in November, please take When you log-in to CU@Home, our secure home banking site, a picture the time to select your secure picture and answer your personalized questions. that you have previously selected will appear on the screen, letting you know It will only take a moment to help us protect you. that you are on our site and not a site made to look like ours. In addition, Dennis J. Huber President/Chief Executive Officer ESTATE PLANNING AND PREPARATION SERVICES AVAILABLE Your Living Trust An estate planning and preparation practice since 1986, Liberty Trust Preparation provides proper will provide... estate planning with a Revocable Living Trust to SCE Federal Credit Union members. Enabling maximum flexibility and control over your assets, a Revocable Living Trust supplies the peace of • Consultation and analysis mind that your desires will be complied with. of your estate planning needs • Custom drafted Trust with Proper estate planning is essential to ensure effective, efficient transfer of your property from one extra planning features generation to the next and to provide protection for your surviving spouse and family. Estate • Abstract of Trust planning is also the most effective way to ensure proper provisions are made for minor children, • Pour-Over Will dependents with special needs, and your health and asset management needs. Should you • Durable Power of Attorney, become unable to care for yourself, your estate plan will allow the person you select to make Health Care your healthcare decisions and manage your assets. • Durable Power of Attorney, Asset Management Liberty Trust Preparation has extensive experience in consulting, designing and preparing all of • Preparation of the legal documents required to make sure the provisions for you and your family are carried out. Grant Deeds Through an up-front consultation our attorney will obtain the information necessary to draft your • Trustee Instructions custom Revocable Living Trust and other legal documents, including Pour-Over Wills and Durable Powers of Attorney for Health Care and Asset Management. Also provided are Trustee • Transfer Letters Instructions and Transfer Letters to aid in the transfer of your assets to the Revocable Living Trust. • Memorial Planning • Document Location List Contact Liberty Trust Preparation at (800) 922-7764 or email email@example.com to arrange your free consultation. Make a Difference in Your Community! IN OUR COMMUNITY Annual Children’s Christmas Party at Our Saviour Center More than 3,000 children in the El Monte area enjoy holiday gifts due to the efforts of Our Saviour Center – and their SCE Federal volunteers! At this annual event, needy families are treated to a Credit Union fun day of clowns, face painting, snacks and even a visit from invites you to be a Santa, who joins in the distribution of toys. part of some of the volunteer Many volunteers are needed to help. Activity dates: efforts in which we participate. Gift Wrapping Parties November 27, 6 - 9 pm and December 4, Join us and make 6 - 9 pm, Church of Our Saviour, San Gabriel a real difference in the lives of many Children’s Christmas Party in our community. December 9, 11 am - 2 pm,Our Saviour Center,El Monte For information contact (626) 579-2190. There are many ways to participate: volunteering time and talents, gifts of food or clothing, even monetary However great or small, your volunteer effort will be appreciated in more ways than you can imagine. donations. Here’s a list of some upcoming events. Please contact the organization listed if you’d like to help. Foothill Unity Center HOME DEPOT GIFT Each year the Foothill Unity Center prepares boxes CARD WINNER Congratulations Mr. Phelan! of food for needy families in the Arcadia, Monrovia and Duarte. Volunteers are needed to package and deliver boxes. Monetary and food donations are also welcome. SCE Federal Credit Union member Andrew M. Phelan is This season there will be two distributions: the winner of a $100 Home Depot® gift card; one of the Thanksgiving Food Distribution prizes awarded to members who paid bills electronically November 18 - Packing Day by using SCE FCU’s online Bill Payer service. November 20 & 21 - Distribution Days All SCE FCU members who utilized Bill Payer between Winter Holiday Food Distribution May 1 and June 30, 2006 were automatically entered December 17 - Packing Day into the national sweepstakes. December 18 & 19 - Distribution Days For information call (626) 358-3486. Members can access SCE FCU’s Bill Payer service by going online to www.scefcu.org. Bill Payer is a fast, easy and secure way to pay your bills. Our Saviour Center Our Saviour Center serves low-income and homeless H O L I D A Y C L O S I N G S families in El Monte.This Thanksgiving, the Center Columbus Day plans to distribute food and meal supplies to more than Monday, October 9, 2006 Veterans Day 900 needy families.The success of this undertaking is Friday, November 10, 2006 dependent on volunteers willing to work on a variety Thanksgiving of tasks.The Center will also continue its tradition of Thursday, November 23, 2006 Friday, November 24, 2006 providing winter holiday foods. Christmas Day Thanksgiving Food Pantry Monday, December 25, 2006 November 21, 10 am - 1 pm New Year’s Day Holiday Food Pantry Monday, January 1, 2007 December 21, 10 am - 1 pm On observed holidays, you can still access all SCE FCU accounts with your ATM card, online at www.scefcu.org, or by calling the 24-hour FastLine automated voice response system at (800) 866-6575. S AV I N G S & L O A N R AT E S BRANCHES www.scefcu.org All savings rates quoted below are Annual Percentage Yields effective as of September 20, 2006, Mailing Address & Web Site and are subject to change without notice. Contact the Credit Union for additional information on P.O. Box 8017, El Monte, CA 91734 www.scefcu.org applicable fees and terms, and about other accounts we offer. Telephone Number (except San Onofre) (800) 866-6474 S AV I N G S AC C O U N T S Prime Savings Account .50% ($5 minimum balance) Irwindale Branch 3810 Durbin Street Holiday Club and Vacation Club Account 1.11% ($10 minimum balance) Irwindale, CA 91706 Money Market Accounts Mon., Tues., Thurs. & Fri.: $0 to 2,499.99 .50% 8:00 am - 6:00 pm $2,500 to $9,999.99 1.60% Wed.: 9:00 am - 6:00 pm Sat.: 9:00 am - 1:00 pm $10,000 to $24,999.99 2.00% $25,000 to $49,999,99 2.75% Boyle Heights Branch $50,000 or more 3.51% 2130 E. 1st Street, 2nd Floor IRAs and Certificate Accounts♦ $1,000 Min. Balance $25,000 Combined Min. Balance Los Angeles, CA 90033 91 Days* 3.85% 4.10% Mon., Tues., Thurs. & Fri.: 9:00 am - 5:00 pm 6 Months* 4.80% 5.06% Wed.: 10:00 am - 6:00 pm 12 Months 4.80% 5.06% Sat.: 9:00 am - 1:00 pm 18 Months# 4.75% 5.01% 24 Months 4.75% 5.01% Duarte Branch 36 Months 4.75% 5.01% 1175 Huntington Drive 48 Months 4.75% 5.01% Duarte, CA 91010 60 Months 4.75% 5.01% Mon., Tues., Thurs. & Fri.: 9:00 am - 5:00 pm ♦ A penalty may be imposed for early withdrawals. Wed.: 10:00 am - 6:00 pm * IRAs not available for these terms. Sat.: 9:00 am - 1:00 pm # Yield slightly different for IRA. If fees are imposed, they may reduce the earnings on the account. Lynwood Branch (Plaza México) 3200 Mulford Avenue Lynwood, CA 90262 VEHICLE LOANS Mon., Tues., Thurs. & Fri.: All vehicle loan, credit card, and equity loan/line of credit rates quoted below are maximum Annual 9:00 am - 5:00 pm Wed.: 10:00 am - 6:00 pm Percentage Rates as of September 20, 2006. Rates are subject to change — call for today’s rate Sat.: 9:00 am - 1:00 pm specials. Some restrictions may apply. Rates are dependent upon credit rating, vehicle value, down payment, loan term, payment method and other factors. Ontario Branch 975 N. Haven Avenue, Suite 100 New Vehicle Loans** As low as 5.99% - 18.00% Ontario, CA 91764 Daily Periodic Rate 0.016411% - 0.049315% Approximate terms range from 36 - 96 months Mon., Tues., Thurs. & Fri.: 9:00 am - 5:00 pm Used Vehicle Loans** As low as 11.50% - 18.00% Wed.: 10:00 am - 6:00 pm Daily Periodic Rate 0.017781% - 0.049315% Approximate terms range from 36 - 72 months Sat.: 9:00 am - 1:00 pm New & Used Recreational Vehicle Loans** As low as 11.50% - 18.00% Rosemead Branch (G.O.) Daily Periodic Rate 0.017809% - 0.049315% Terms range from 24 - 144 months 2244 Walnut Grove PowerLine (Personal Line of Credit) Adjustable rates range from 12.90% - 18.00% Rosemead General Office Daily Periodic Rate 0.035343% - 0.049315% Rosemead, CA 91770 (open to Edison employees only) Mon.: 9:00 am - 4:30 pm CREDIT & EQUITY Corresponding Monthly Tues., Thurs., Fri.: 9:00 am - 5:00 pm Wed.: 10:30 am - 5:00 pm SCE FCU Visa Cards Periodic Rate Visa Platinum PlusM $35 annual fee 8.90% - 18.00% 0.741667% - 1.500000% San Onofre Branch (SONGS) (open to Edison employees with badges only) Visa Platinum No annual fee 8.90% - 18.00% 0.741667% - 1.500000% Telephone: (949) 368-9667 M Visa Platinum Plus includes SCORECARD Mon. - Fri.: 7:30 am - 9:00 am mileage and gift benefits. and 10:00 am - 3:30 pm Home Equity Loans Fixed rates range from 7.50% -12.50% APR* FastLine Automated Voice Response Home Equity Lines of Credit Adjustable rates as low as Prime Rate plus 0% up (800) 866-6575 to Prime Rate plus 5%. *APR = Annual Percentage Rate. Regarding Equity Loans and Home Equity Lines of Credit (HELOC): Prime Rate as of 9-6-06 is 8.25% APR. Waived processing fees for borrowers with a FICO score above 680 and loan-to-value of 80% or less; a minimum initial advance of $10,000 on a HELOC on Home Equity Loans of $10,000 or more is required. If an Equity Loan or HELOC is paid and closed within 24 months, waived fees will be reinstated. Individual rates are based on member loan qualifications and property loan-to-value. Annual cap is 2.00%. Lifetime cap is 6.00% above the fully indexed rate. Rate changes occur semiannually. Rates and terms are subject to change without notice. Property must be in California. FICO scores below 680 and non owner occupied property owners are subject to appraisal, title and recording cost; fees can range from $100 to $700 based on transaction type and amount. HELOC payment schedule is 1% of the outstanding balance on loans with rates below 12%. Sample payment on a $50,000 fixed rate Home Equity Loan for 20 years at 7.25% APR would be $395.15 per month for 240 months. Jumbo Equity Loans available at slightly higher rates. Call us for details. **Auto loans quoted above include a 1/2% discount for electronic payment from an SCE FCU account. Sample payment on a $20,000 auto loan for 5 years at 6.49% We do business in accordance with the Federal Fair Housing Law APR would be $391.23 per month for 60 months. and the Federal Credit Opportunity Act. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account will be reflected in your credit report. Federally insured by NCUA.
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