1. finance
2. personal finance
3. lending
4. credit cards

BEAR
THIRD QUARTER
2002
Quarterly Newsletter for Members of California State and Federal Employees’ Credit Union, Wabash & E St Eureka
Congratulations to Our Loan Department!
F
or seven consecutive months, the California State and Federal
Employees’ Credit Union loan department has topped over
one million dollars in loans. As a member/owner of the credit
union, this means reduced loan rates, low and no-fee services,
and enhanced products.
AUTO LOAN RATES
JUST GOT LOWER!
AS LOW AS
Catherine Moore, loan department manager, has been with CSFECU for
17 years and has proven herself to be a knowledgeable loan professional.
Lending Specialists, Kay Serotta and Fernanda Gonzalez round out the
expert loan team. The next time you want to refinance your home, buy a
car, finance a home-remodel or a vacation, look to the familiar faces at
your credit union.
4.89% APR
Fernanda, Cathy and Kay
LOAN DEPARTMENT
100% FINANCING
ON MODELS
2000 OR NEWER
ADDITIONAL
INCREASE YOUR
LOAN OPTIONS
BARGAINING POWER,
GET PRE-APPROVED FOR
AN AUTO LOAN.
Individual and
Joint Disability
Insurance
Mechanical
Breakdown
Insurance (MBI)
Guaranteed Auto
Protection
Insurance (GAP)
Smart Time to Refinance Your Car
Start saving money now by giving us a call or stopping by today!
D
o you have your car financed with another financial
institution or a car dealership? Our low rate of 4.89% APR
makes it the perfect time to refinance. We make the process
easy for you. There’s no loan application fee or service
charge for refinancing.
If you are a homeowner, why not
think about refinancing your car
with an Auto Equity Loan. We
offer the same great rates and you can
use the equity in your car for tuition,
home improvements and to consolidate your other bills. Your Auto Equity
Loan may even be tax deductible.
THIRD QUARTER
2002
Bear Facts • Quarterly Newsletter
The Hidden Cost of Dealer Financing
While car deals with low-rate or 0% dealer financing seems right for you at first, you may think
otherwise after you crunch the numbers. Often a dealer rebate and a low-interest rate CSFECU
auto loan may save you hundreds of dollars over the term of your loan.
With Special
Dealer Financing
$20,000
36 months
0% APR
$555
20,000
$2000 Dealer Rebate and
a Low Interest Rate
CSFECU Auto Loan
$18,000
36 months
4.89% APR
$538
19,389
Loan Amount:
Loan Term:
Loan Rate:
Approximate Monthly Payment:
Total Paid on Loan:
Approximate Savings
over 36 months:
$0
$611
Note: Example assumes $2000 rebate applied to $20,000 vehicle purchase price.
Here are some of the other drawbacks associated with low-rate dealer financing:
• Terms are usually short, so monthly payments are high.
• Low-rate dealer loans/rebates are not usually offered on more popular models.
• Loans can require a larger down payment and pre-payment penalty.
• Low-rate and dealer rebates are usually limited to their on-site stock. You may
not get the color, style, or options you want. Unwanted options can add 25%
to 30% to the sticker price of a car.
You Asked For It, You Got It!
Visit www.csfecu20.com
H
ere are some of the timesaving links for
your convenience at our web site. Be sure
to add this page to your favorites.
Just click on Useful Links from the home page:
• Order your checks online conveniently from your
home. With your reorder slip in hand, click on the
Liberty Checks symbol.
• Buy foreign currency, traveler cheques, and VISA
TravelMoney (a prepaid global cash card.) Just click
on My Travel Wallet. Free delivery for orders over $500.
• Did you know that when you use your ATM card
at any ATM with a CO-OP symbol, your transaction is free? Before traveling, go to our website and
click on the CO-OP Network symbol to locate a
CO-OP ATM where you will be. Some CO-OP
ATMs may even accept your CSFECU deposit.
OFFICE
OFFICE HOURS
MONDAY
9-3
TOLL FREE (800) 440-8662
FAX (707) 443-8664
TUESDAY
WEDNESDAY
THURSDAY
FRIDAY
9-3
11:30-5:30
9-3
9-3
SUPERVISORY COMMITTEE
POSITIONS WILL BE
ACCEPTED UNTIL
DECEMBER 3RD, 2002
ADDRESSED TO THE
NOMINATING COMMITTEE
PO BOX 1268 EUREKA, CA
95502-1268
International
Credit Union Day
Thursday, October 17
Refreshments will be
served in the office!
BOARD OF
DIRECTORS
STAFF
President
Bert Wythe
CEO
Denise Rogers
Vice President
Bill McClendon
Angela Jensen
Secretary/
Treasurer
Bob Hines
fter much research and careful
consideration, CSFECU will begin
offering members debit card service in
the first quarter of 2003. “We are very pleased to
be offering this new service, as it will be an
added benefit for our members,” says our CEO,
Denise Rogers.
Stephen Fox
George Hill
Sonja McClary
Lee Simmons
Your new debit card will replace your current
ATM card and is also welcome at department
stores, restaurants, video stores, dry cleaners, for
catalog orders…and for all your everyday
purchasing wherever Visa® cards are accepted.
The purchase amount is automatically deducted
from your checking account. Our checking
account will soon be more convenient than ever!
HOLIDAY CLOSINGS
CALL (707) 443-8662
321 WABASH ST. EUREKA, CA 95501
www.csfecu20.com
A
WRITTEN NOMINATIONS
FOR BOARD OF DIRECTOR &
COLUMBUS DAY
Monday, October 14th
VETERAN’S DAY
Monday, November 11th
THANKSGIVING DAY
Thurs/Fri, November 28/29th
CHRISTMAS EVE
Tues, December 24th, open ‘til noon
CHRISTMAS DAY
Wednesday, December 25th
NEW YEARS EVE
Tues, December 31st, open ‘til noon
NEW YEARS DAY
Wednesday, January 1st
Cathy Moore
Kay Serotta
Fernanda Gonzalez
SUPERVISORY
COMMITTEE
Audrey Brown
Chairperson
Al Toland
Karen Kovacovich
Vice Chairperson
Sandy Fedder
Mary Castanier
Pete Pettersen
Bitia Carr
Pat Briggs
Doug Dickson
Brandy Lenz
AUDIO RESPONSE TELLER (24 HOUR)
(707) 443-2424
or (800) 644-2024
VISA INQUIRIES
(800) 808-7230
or www.myccinfo.com
ATM LOCATOR
(888) 748-3266
or www.co-opnetwork.org
Joan Grytness Graphic Design