Fall WIN GAS CARD by mikeholy

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									 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 rjmlaw@pacbell.net 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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