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					JUNE 2007       Report Card                                                                                              OCTFCU

                                             Get On The Road to
                                             Auto Loan Refinancing
                                             Save Money With Lower Rates
                                             Is paying a high interest rate on your auto loan from another lender taking a
                                             toll on your budget? Refinancing your loan with your credit union may be the
                                             right solution.

                                             Is Auto Refinancing Right For You?
                                             If you fall into one of these categories, consider getting an auto loan quote:

                                               Buyer’s remorse—You didn’t shop around for financing and got hit with a
                                               high-interest rate. Refinancing may lower your rate and save you money.

COMMON MISCONCEPTION:                          Improved credit—Your credit score was less than satisfactory when you bought
                                               the car, but has since improved. Refinancing may lower your payments.
Like home mortgage refinancing,
many people think that auto
                                               Budget bind—Due to unforeseen circumstances, your budget is tight right now.
refinancing comes with a number
                                               Refinancing can stretch out the term of loan, and maybe cut the interest rate
of fees and loads of paperwork.
                                               to make the monthly payments more manageable. But be careful in this case.
This belief often keeps borrowers
                                               Even if you’re getting a lower interest rate, your savings will probably be cancelled
from even considering refinancing
                                               out by the increased time you’ll be making payments.
their automobile.

                                                  Stretch Your Dollars Further
Auto refinancing with your
credit union is a simple and
                                                  With a Lower Auto Loan Rate
easy process.

  Brief application process
  No appraisal headaches
  (Your car’s value is set by
  Kelley Blue Book.)
  No application fees

To apply for an auto refinancing
loan and find out if we can lower
your rate, log in to Online Banking,
call us, or visit a branch today.
                                                    Chart is for comparison purposes only.

   What’s                       SPOTLIGHT ON IDENTITY THEFT              PAYROLL SAVINGS LOAN             LONG TERM CARE INSURANCE
 Inside                         Part 3: Learn what your credit
                                union is doing to protect you
                                from identity theft.
                                                                         OCTFCU offers Members a
                                                                         lower-cost alternative to
                                                                         costly payday lenders.
                                                                                                          Attend a new credit union
                                                                                                          workshop to learn more about
                                                                                                          funding long term care.
                                                                                Easing Your
How Your Credit Union
                            Protects You                                        About
OCTFCU makes Members’ security and privacy a
top priority, dedicating a significant amount of                                   A Message from Rudy Hanley, PRESIDENT/CEO
time and effort to ensure your accounts and
personal information are tightly guarded.                                       There have been many news stories about
Here are some ways we help protect you                                          losses by subprime mortgage lenders and
and your assets:                                                                the impact of these losses. Although these
                                                                                are real concerns for the individuals as
PAPERLESS STATEMENTS—Not only are they                                          well as the mortgage companies, your
eco-friendly and clutter-reducing, they also                                    credit union does not participate in high-
eliminate the opportunity for identity thieves to                               risk subprime lending and remains
pilfer your statements from the mail. Sign up for                               financially solid.
eStatements at >> Online Banking >> eStatements.
                                                                                A subprime loan is one that is offered at a
ONLINE BANKING—We employ strict firewalls and protocols to prohibit              rate well above prime, usually to individuals
activity that could compromise Member information. Our newest                   whose credit histories disqualify them from
security feature verifies identities by asking “challenge” questions if          obtaining more traditional loans. It’s a risky
high-risk or unusual transactions are detected.                                 situation for both borrower and creditor.
It’s important to have up-to-date anti-virus software installed on your
                                                                                At OCTFCU, we made a decision long ago
computer before using Online Banking. Without it, hackers may be able
                                                                                not to participate in the type of subprime
to capture your keystrokes, which could include your Online Banking
                                                                                lending described in recent media reports.
account number and password.
                                                                                We view loans as money our Members
FRAUD PREVENTION—OCTFCU checks are printed on special paper                     borrow from other Members and, as such,
to help detect fraudulent alterations. Only partial card numbers are            these funds must be prudently dispersed.
printed on our ATM receipts, and we shred documents containing                  Whether providing a personal, car or
Member information unless we’re required to keep them for                       home loan, we consider important factors,
our records.                                                                    including credit history and one’s ability
                                                                                to pay back the loan. And above all, we
EDUCATION—Knowledge is power. We continue to post educational                   do not put Members in jeopardy by
articles on our Web site and in Report Card to keep you informed about          providing loans they cannot repay.
fraud prevention. For more information, visit >> Tools
>> Educational Articles >> Security.                                            For some of our Members, we have special
                                                                                loan programs. The First-Time Home Buyer
                                                                                program assists Members in reaching their
                                                                                dream of owning a home, and our Home
                                                                                Loan Payment Relief (HLPR) program offers
  Safe Travel
  With Your
                                                  Emergency                     the opportunity to those Members with
                                                                                limited income to purchase a home at
              Debit and Credit Cards                   PHONE NUMBERS
                                                                                favorable terms and start building equity.
     Make two lists of your credit and ATM/                                     The Educators Mortgage for school
  Debit cards, including the card number,        DEBIT MASTERCARD® LOSS         employees provides competitive rates
  issuer, type of card and customer service
                                                 Call OCTFCU:                   and other benefits.
  phone number. Leave one list at home; take
  the other list with you and keep it separate   Inside the US: 800/4OCTFCU
  from your cards, so you have the information   Outside the US: 714/258-4000   We may also be of help to Members who
  if your cards are lost or stolen.                                             are having problems with loans secured
                                                 CREDIT CARD LOSS               from other lenders. If you find yourself
    Contact OCTFCU before traveling out of
  state or internationally to ensure that your                                  in this situation, give our mortgage loan
                                                 Call Visa’s emergency
  OCTFCU Visa credit card and/or Debit                                          consultants10 a call at 800/4OCTFCU,
                                                 replacement number:
  MasterCard is not flagged by our security                                      ext. 8236.
  system for unusual use. Call the credit        Inside the US: 800/VISA-911
  union or log in to Online Banking and go       Outside the US: 410/581-9994
                                                                                At OCTFCU, we know the importance of
  to Preferences >> Card Preferences >>
  Travel Notice.                                                                feeling secure about your home and your
                                                                                finances. In good times and in those that
                                                                                are more challenging, we are here to help.
  Celebrate Summer!

Summer Saver                                                               Credit Union Membership
Exclusively for School Employees                                           For the Whole Family
                                                                          Now is a great time to offer credit union Membership
                    Open your Summer Saver account
                                                                          to your immediate family members. As a Member, your
                      today to start saving! It’s easy—

 6.00%        APY2
                      simply select a set amount
                     ($50-$2,000) from your paycheck
                                                                          spouse, children, siblings, parents, grandparents and
                                                                          grandchildren are eligible to join.

                   each month to be deposited into                        With OCTFCU Membership, they too can take advantage
               your OCTFCU Summer Saver account.                          of countless products and services, the added convenience
                                                                          of Online Banking, and more.
 Available for all school employee Members
 Penalty-free withdrawals at any time                                     Our online Membership application is available at
 Convenient withdrawal or transfer through Online                A one-time $15 family
 Banking, Tellerphone and ATMs                                            Membership fee and a minimum deposit of $5 to a
 Works with direct deposit or payroll deduction                           Share Savings account are required to join.3

                                                                  As payday lending becomes an increasingly popular option, it’s
                                                                  important to beware of the dangers that come with the promise of
                                          OCTFCU                  quick cash.
                                          Offers a                Payday loans are extremely expensive cash advances that must
                                         Lower-Cost               be repaid in full on the borrower’s next payday. With very high
                                                                  fees and rates—typically 390%-780%4—and unaffordable
                                         Alternative              repayment terms, cash-strapped consumers often become
                                                                  trapped in a cycle of repeat borrowing.

                                                Our Payroll Savings Loan, offered at 12.9% APR5, provides a lower-cost alternative
                                                to payday lenders, and offers a quick and confidential way for Members to get a
                                                cash advance until their next paycheck deposit.

                                                Funds can be used for just about anything, such as bills or groceries. Plus,
                                                5 percent of each advance is deposited into a dividend-earning Payroll Savings
                                                Share account6 to encourage Members to establish an emergency fund and to
                                                help them avoid a repetitive payday loan-borrowing cycle.

                                                 PAYROLL SAVINGS LOAN FEATURES:
                                                    No application or funding fees
                                                    Draw period of 12 months
                                                    Loan amounts up to $500; can be borrowed and repaid on a revolving basis
                                                    during the draw period

 For more information about OCTFCU products and services, call 800/4OCTFCU or visit
 LongTerm Care
 Long term care covers a broad spectrum of services,
 from in-home care to full care in an assisted living
 facility—and all of it can come with a hefty price tag.
 Among people turning 65 today, 69 percent will need
 long term care.7 The costs of assisted living continue
 to grow in California, at a rate of about 5 percent
 per year, according to Long Term Care Insurance
 specialists at CUNA Mutual Group. That means
 that within 10 years, the cost could be as much as
 $120,000 per year for assisted living.

 It’s easy to see how one’s savings could be wiped out
 by a long term care situation. Which is why adding
 Long Term Care Insurance to your retirement portfolio
 may be a smart idea.

 OCTFCU offers exclusive Member discounts on
 Long Term Care Insurance.8 To learn more, attend
 our new workshop, “Considering Long Term Care.”
                                                                                          Upcoming Financial Workshops
 Experts from CUNA Mutual Group will provide the
                                                                                            RETIREMENT IN YOUR 40s AND 50s9                                   RETIREMENT INCOME9
 latest statistics and updates on long term care,
                                                                                            Tuesday, June 5 5:30–7 p.m.                                       Wednesday, June 20     6:30–8 p.m.
 and explain the new Budget Reduction Act and its
                                                                                            OCTFCU Santa Ana Branch                                           Lakeview Senior Center, Irvine11
 impact on Medi-Cal benefits.

                                                                                            HOME BUYING ESSENTIALS10                                          WOMEN AND INVESTING9
in July!                                                                                    Wednesday, June 27       6:30–8 p.m.                              Wednesday, June 27   5:30–7 p.m.
                          WORKSHOP                                                          Rancho Santiago Community                                         OCTFCU Santa Ana Branch
                Tuesday, July 17 10–11:30 a.m.
                                                                                            College District Office, Santa Ana
                   OCTFCU Santa Ana Branch


                                                                  BRANCH HOURS                Monday–Thursday: 9 a.m. to 5 p.m.         Friday: 9 a.m. to 6 p.m.

               TELEPHONE SERVICE CENTER 714/258-4000, 800/4OCTFCU                         EXPRESS CENTER HOURS        Monday–Friday: 10 a.m. to 6 p.m.        Saturday: 10 a.m. to 3 p.m.
  contact us

               Monday–Friday: 7 a.m. to 7 p.m.
               Saturday: 9 a.m. to 3 p.m.                                                 ANAHEIM                FOUNTAIN VALLEY           LONG BEACH – E, SB              REDLANDS
                                                                                          ANAHEIM HILLS – E      FULLERTON – E, SB         MISSION VIEJO                   SAN BERNARDINO
               TELLERPHONE   714/258-4100, 800/540-4546                                   CERRITOS               GARDEN GROVE              NEWPORT-MESA                    SAN JUAN CAPISTRANO
                                                                                          CORONA – E, SB         HUNTINGTON BEACH          PLACENTIA                       SANTA ANA
               TDD   714/258-4227
                                                                                          CSUF – C               IRVINE                    RANCHO CUCAMONGA                UCI – C
               MAILING ADDRESS                                                            CYPRESS                LAGUNA HILLS – E, SB      RANCHO SANTA MARGARITA          WALNUT
               P.O. Box 11547, Santa Ana, CA 92711-1547
                                                                                          E – EXPRESS CENTER   C – CAMPUS BRANCH, CALL FOR HOURS    SB – EXPRESS CENTER LOCATED INSIDE STATER BROS.

               For questions and comments about Report Card, e-mail
                                                           Visit our Web site for a complete listing of OCTFCU and CO-OP Network ATMs.

 1. Rate is current as of 5/24/07, subject to change, is our          who pay a Membership fee when joining online.                                Company, a permanent affiliate of CUNA Mutual Group.
 lowest available used auto rate for 48 months, reflects a 3/4         4. The average loan term is about two weeks. Loans cost on                   Long Term Care Insurance is not a deposit, is not federally
 percent discount for payments made by automatic transfer             average 470% APR. The finance charges range from $15-                         insured by the NCUSIF, and is not underwritten or
 from your OCTFCU Share or Checking account, and does                 $30 to borrow $100. For two-week loans, these finance                         guaranteed by OCTFCU. Subject to eligibility requirements.
 not apply to the refinance of existing OCTFCU auto loans.             charges result in interest rates from 390 to 780% APR.                       CA Insurance License 0C97505
 OCTFCU’s loan program features a range of interest rates             Source: PayDay Loan Consumer Information                                     9. Representatives are registered, securities are sold, and
 for some of our consumer loans. A rate is based on a                 (, a Web site run by Consumer                         investment advisory services offered through CUNA
 variety of factors, including the applicant’s credit rating          Federation of America (accessed 4/23/07).                                    Brokerage Services, Inc. (CBSI), member NASD/SIPC, a
 and OCTFCU account history.                                          5. Rate is current as of 4/23/07, is subject to change, and                  registered broker/dealer and investment advisor, 2000
 2. APY = Annual Percentage Yield. Rate effective as of               includes 3/4 percent discount for automatic payment from                     Heritage Way, Waverly, Iowa 50677, toll-free 866/512-6109.
 5/24/07. Variable rate account, subject to change after              an OCTFCU Share Savings or Checking account. Members                         Nondeposit investment and insurance products are not
 account is opened. Maximum contribution is $2,000 per                must have their paycheck on direct deposit with OCTFCU                       federally insured, involve investment risk, may lose value
 month, $20,000 annually. Deposits must be made through               to participate.                                                              and are not obligations of or guaranteed by OCTFCU.
 NetPay, payroll deduction or direct deposit. Remaining               6. The Payroll Savings Share account will earn dividends at                  CBSI is under contract with OCTFCU, through the
 balance automatically transfers to your share or                     the Share Savings rate, and is pledged as collateral for the                 financial services program, to make securities available
 checking account on 8/31/08.                                         Payroll Savings Loan. If an early withdrawal from the                        to Members.
 3. Must be 18 or older to open an account online; for                Payroll Savings Share account is requested before the end                    10. Offered through OCTFCU Mortgage Co., LLC, a wholly
 eligible family members under the age of 18 print the                of the 12-month draw period, the loan must be repaid in                      owned subsidiary of OCTFCU. Licensed by the Department
 Junior Varsity/Varsity application on the Web site, follow           full, and borrowing privileges from the Payroll Savings                      of Corporations under the California Residential Mortgage
 the instructions and mail in the application. OCTFCU’s               Loan may be suspended.                                                       Lending Act.
 Family Membership Fee covers the original Member and                 7. American Association of Homes and Services for the                        11. This event is a private reservation and is not endorsed
 their spouse and minor children living in the household.             Aging, (accessed 5/15/07).                                     or sponsored by the city of Irvine.
 The fee will be refunded to spouses of existing Members              8. Insurance sold through CUNA Mutual Life Insurance

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