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Recognized as One of the Strongest CUs in the Nation January 2017: BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm congratulates California State & Fed Emp #20 Credit Union, Eureka, California for ringing-in 2017 with its highest 5-Star Superior rating. California State & Federal Employees #20 Credit Union (CSFECU) is no newcomer to …

27 Straight 5-Star Ratings for CSFECU

Recognized as One of the Strongest CUs in the Nation

January 2017: BauerFinancial, the Nation’s Premier Bank and Credit Union Rating Firm congratulates California State & Fed Emp #20 Credit Union, Eureka, California for ringing-in 2017 with its highest 5-Star Superior rating. California State & Federal Employees #20 Credit Union (CSFECU) is no newcomer to Bauer’s 5-Star Rating. In fact, CSFECU has earned this top honor for 27 consecutive quarters.

BauerFinancial has been analyzing and reporting on the nation’s banks and credit unions since 1983… providing ratings you can trust. Earning a 5-Star rating from Bauer indicates that CSFECU is one of the strongest credit unions in the nation. Some of the areas in which it excels are:

  • Capital – much more than is required by regulators;
  • Loan Quality – delinquent loan levels are manageable;
  • Profitability – while not-for-profit, credit unions must consistently remain in the black to ensure continued success.

Karen L. Dorway, president of BauerFinancial, commends California State & Fed Emp #20 Credit Union for maintaining a strong capital position while fulfilling its commitment to solving the financial needs of its members. “California State & Fed Emp #20 Credit Union isn’t pushing products or services on you that you don’t need or want”, says Dorway.  “It is there to provide a service and fill a need, which it has been able to do seamlessly while maintaining its pristine health.”

CSFECU was established in 1951 and has been providing quality services to its members ever since. Today, after 66 years, it operates through a conveniently located office on Wabash Avenue in Eureka and can be found on the web at csfecu20.com.

California State & Fed Emp #20 Credit Union: “Your 5-Star Credit Union”

Member of the NCUA and an Equal Housing Lender.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.

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BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.

Special Bonus Dividend: Paying back our members to thank our members!

As a great-big THANK YOU for an amazing 2016—and in recognition of our excellent financial performance in 2016 and the amazing loyalty of our members—we are pleased to announce that every member received a special bonus for the last quarter of 2016.

All regular shares (savings accounts) received a special 0.25% bonus for the calendar quarter October 1 through December 31, 2016. You’ll see it in your January statement.

This is just another example of CSFECU doing our best to give back to our members. When we do well, you do well…and we all do well!

Happy 2017!

Electronic services pave the way in 2017

Throughout 2016 we worked to build our electronic services to make CSFECU the most convenient banking solution around. In case you’re not yet fully digitally immersed, here’s a quick recap.

Online Banking

Manage your accounts from anywhere in the world via the internet. You can check balances, transfer funds within your own accounts or to another member, pay bills, make consumer loan payments, view previous statements, organize and view account history, and much more. Learn more.

Online Bill Pay

Online Bill Pay saves you so much time…and it’s far easier than paper and stamp payment! Convenience: Receive and pay your bills electronically all in one place and all from your computer. Control: Schedule single or recurring payments in just a few steps, and you’ll never worry about missing a bill or late fees. Security: Protect against check fraud with electronic payments instead of unsecured mail. Simplicity: Track your payments history at a glance and view all of your future scheduled transactions. Confidence: Check your account status to securely confirm that payments went through. Take a test drive.

Mobile Banking

You’re always on the go. So is Mobile Banking. Now you can access your checking and saving accounts, online bill pay and loan accounts anytime, anywhere with the CSFECU Mobile Banking app. In fact, nearly everything you can do with Online Banking and Online Bill Pay, you can do with Mobile Banking. On your phone. In the palm of your hand. Watch a demo.

Coming in 2017: Mobile Deposit Capture—one less reason to get in your car! deposit checks from anywhere, anytime.


Electronic Services Workshops: Online Banking, Online Bill Pay, and Mobile Banking

January 11 and 18, 2017
5:00 pm to 7:00 pm

Space is limited, RSVP by using the form below or call us at 707-443-8662.

We’ll help you get set up: Bring in your bills and we will help you get started with Online Bill Pay. Easy!

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Security Notes: EMV Chips and Ransomware

EMV Chip Payment Cards

EMV, or Chip Cards, are the new, more secure type of payment cards that are being rolled out across the USA. Long used in Canada and Europe, these cards feature an embedded computer chip which creates a unique transaction code that’s used to process the credit or debit card transaction. This is much more secure than the old magnetic strip, which had static, unchanging information. Our Visa® Credit Cards already have EMV chips. Beginning this quarter we’ll be upgrading our Visa Debit Cards as they expire. Please let us know if you have any questions.

Ransomware

Here is some timely information for anyone who is online. Ransomware is an insidious bit of malware that takes control of your computer and holds it hostage—unusable and unable to get your information back—until you pay a ransom to the perpetrators. Most frequently, ransomware is spread by email, by double-clicking on a malware attachment or link in an email. So, be very careful. Make sure that any links you click or attachments you open are not only from a trusted source, but that they are truly sent by that trusted source. And consider installing security (anti-virus) software with an up-to-date subscription. Most importantly, be sure to have good backups of your important data so that if you are infected, you can get your data back without caving in to the hackers.

CSFECU in Top 2% Healthiest Credit Unions Nationwide

CSFECU Top 200 NationwideCalifornia State & Federal Employees Credit Union has been recognized as one of the 200 Healthiest Credit Unions in the nation. As determined by DepositAccounts.com, California State & Federal Employees Credit Union ranks #117 out of 6,003 credit unions nationwide.

Each year DepositAccounts.com, the largest online publication in the U.S. dedicated to banking information for consumers, evaluates the financial health of every federally insured credit union in the U.S. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score.

From the list of 6,003 credit unions, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility in its 2016 edition of the Top 200 Healthiest Credit Unions in America.

Let’s take a look at the California State & Federal Employees Credit Union score components:

TEXAS RATIO: A+

The Texas Ratio is an indicator of how much capital a credit union or bank has available compared to the total value of loans considered at risk. As of March 31, 2016 California State & Federal Employees Credit Union had $111,000 in non-current (Delinquent) loans and owned real-estate with $18.5 million in equity and loan loss allowances on hand to cover it. This gives California State & Federal Employees Credit Union a Texas Ratio of 0.60%, which is Excellent! Any bank or credit union with a Texas Ratio near or greater than 100% is considered at risk.

TEXAS RATIO TREND: C+

The Texas Ratio for California State & Federal Employees Credit Union experienced no significant changes from 0.30% as of March 31, 2015 to 0.60% as of March 31, 2016, resulting in a negative change of 102.30%. This indicates that the balance sheet and financial strength for California State & Federal Employees Credit Union has had no significant changes in recent periods.

DEPOSIT GROWTH: B+

In the past year, California State & Federal Employees Credit Union has increased its total deposits by $2.52 million, resulting in 2.34% growth for the year. A strong track record of growth is an indicator of consumer confidence and the credit union or bank’s ability to strengthen its balance sheet. The growth of California State & Federal Employees Credit Union has shown is above average.

CAPITALIZATION: A+

Both FDIC and NCUA consider capitalization levels of credit unions and banks to be of high importance. Higher capitalization allows for a greater buffer to cover loans that may fail in the future. California State & Federal Employees Credit Union has $128.31 million in assets with $18.5 million in equity, resulting in a capitalization level of 14.42%, which is Excellent!

5-Star CSFECU Partnering with Members for 65 Years

March 2016: California State & Federal Employees #20 Credit Union, Eureka, California is honored to announce it has once again earned BauerFinancial Inc.’s highest 5-Star Superior rating. A 5-Star rating indicates that California State & Federal Employees #20 Credit Union is one of the strongest credit unions in the nation, excelling in such areas as capital, loan quality, profitability and much more. What’s more, California State & Federal Employees #20 Credit Union has earned this highest rating for 24 consecutive quarters.

Karen L. Dorway, president of BauerFinancial, recognizes that, “As market conditions continue to change, financial institutions must be adept enough to evolve with them. With California State & Federal Employees #20 Credit Union’s stellar financial condition and track record, we have no doubt in its ability to do so. Its members are privileged to have such a strong financial partner in their midst.”

Established in 1951, California State & Federal Employees #20 Credit Union has been serving members for the past 65 years. Today it operates through a conveniently located office on Wabash Avenue in Eureka and can also be found on the internet at www.csfecu20.com.

California State & Federal Employees #20 Credit Union: “Your 5-Star Credit Union.”

Member of the NCUA and an Equal Housing Lender.

BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting bauerfinancial.com.

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BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.

Celebrate 65: It’s our anniversary, but YOU get the presents!

**This promotion is no longer available.**

65 years ago, California State and Federal Employees Credit Union was formed by a group of Humboldt State professors with one overriding principle. To assist each other with reasonably priced loans and good returns on savings.

Now, a lot has changed in the world since January 1951, but at CSFECU, we’re still here with that same mission; to provide our members with the best value possible. So, help us Celebrate 65 by allowing us to help you with some anniversary special offers:

Celebrate 65: 0.65% APR VISA Balance Transfer

Are you tired of paying high rates on your credit card balances? Then Celebrate 65 by transferring high-interest credit card balances to your CSFECU Visa® Credit Card, and pay just 0.65% APR on the transferred balances for one year.

Don’t have a CSFECU Visa Credit Card? Open one today! It’s loaded with great features, such as a low rate on purchases, no annual fee, no cash-advance fee, 25-day grace period on purchases, emergency card replacement and emergency cash. And there’s no fee for the balance transfer!

Celebrate 65: 6.50% Debt Consolidation Loan

Sometimes it can be easy to pay too much on your various loans. Maybe you’ve been stuck with high-interest medical debt, or revolving debt like credit cards and store charge accounts. And individually, they’re not a big deal, but put together, you can be paying tens or hundreds of dollars a month in excess interest payments. With our Celebrate 65 Debt Consolidation Loan, you can combine all your debt into a single, easy-to-manage loan with a single easy-to-manage rate of just 6.50%. It’s a personal loan, so there’s no collateral. It’ll help rid your life of high-interest debt and put YOU back on the road to building your future.

So help us Celebrate 65 by allowing us to help you! After all, it’s what we were born to do!

Just call or visit us to get the Celebration started!

Both offers on approved credit. VISA Credit Card: Visit the Visa Rates page for a summary of fees and charges. Debt Consolidation Loan: Visit the Other Loan Rates page for additional rates and terms.

Holiday Closures 2016

Holiday Closures (2016):

  • Friday, January 1—New Year’s Day
  • Monday, January 18—Martin Luther King, Jr. Day
  • Monday, February 15*—George Washington’s Birthday (Observed)
  • Monday, May 30—Memorial Day
  • Monday, July 4—Independence Day
  • Monday, September 5—Labor Day
  • Monday, October 10—Columbus Day
  • Friday, November 11—Veterans Day
  • Thursday, November 24—Thanksgiving Day
  • Friday, November 25—Day After Thanksgiving
  • Monday, December 26**—Christmas Day (Observed)

In short, a credit union is a cooperative financial institution where people work together to make everyone’s lives better. Everyone who has an account here is a member. And every member is an owner.

Rather than making profits to send to far-off shareholders, Compass CCU reinvests in our credit union. Which means we reinvest in YOU. That’s why we say that, at Compass Community Credit Union, we guide you to better banking.