Category: LOANS & CREDIT CARDS

What comes to mind when you think of Presidents’ Day? Besides a welcome day off for some of us, Presidents’ Day is actually a great time to buy a car! Dealers everywhere offer great sales on both new and used vehicles. You can score great deals on last year’s models and new inventory is on …

Wheel and deal this Presidents’ Day

What comes to mind when you think of Presidents’ Day? Besides a welcome day off for some of us, Presidents’ Day is actually a great time to buy a car!

Dealers everywhere offer great sales on both new and used vehicles. You can score great deals on last year’s models and new inventory is on display. So it’s the perfect time to go car shopping!

Plus, you’ll get up to 1% cashback, up to $500, when you finance or refinance your auto with Compass. This is for a limited time and certain restrictions apply so click here for details.

Make your next car buying process easier with a pre-approval for an auto loan from Compass. With our online application, you can be pre-approved in minutes. Then use your pre-approval to land a great deal!

Poor or no credit? Here’s a way to fix it that you probably never thought of.

If you have poor or no credit, don’t feel bad. Because you’re not alone. According to Experian, a credit reporting agency, 68 million people in the US are in the same boat.

The good news is that since you’re a Compass Community Credit Union member, you already have an easy way to start building or rebuilding your credit score. It’s your Compass Savings account.

Simply take out a loan against the balance you have in your savings account. Make payments on the loan on time. And your credit score will start to reflect that in a positive way. Plus, you can use the money from the loan to help pay down any high interest credit card debt or catch up on other bills that you may not be paying on time.

But while taking out a loan against your Compass Savings Account is a really easy way to start improving your credit, it’s not the only step you can take. Here are a few other tips we recommend you try:

• Pay all your bills on time — including your utility and cell phone bills
• Pay off debt and keep balances low on credit cards
• Don’t close unused credit cards unless they charge you annual fees

Remember, having a good credit score can help you qualify for better interest rates and terms when borrowing money, buying a car, or applying for a mortgage. It’s also used by landlords when you apply to rent. And it might even influence your smartphone lease and your life or car insurance rates.

If you’d like to learn more about taking out a loan against your Compass Savings Account, stop by your local branch. A Compass representative will be happy to tell you more.

Home Equity Loan or Line—no appraisal or closing costs

Need cash for home improvements or another important use? There’s never been a better time! We are covering the appraisal fee and closing costs when you open a Home Equity Loan or Line with us.[1]

Home Equity Loan

Term: 15 years  |  Rate: 6.50% / 6.51%APR[2]

 

Home Equity Line of Credit

Term: 7-year draw; 22-year repay  |  Variable Rate[3]: as low as 4.25% APR

Call us today at 800-440-8662.

[1] Appraisal fee and closing costs are waived with a minimum draw amount of $20,000. Loan or credit line must be open for a minimum of 3 years. Loan or credit line closed prior to 3 years of the open date is subject to reimbursement of all original waived fees and will be added to the payoff balance.
[2] APR – Annual Percentage Rate.
[3] Variable Rate: Variable adjusts every January 1st and July 1st. Index is the 1 Year-Treasury Bill plus a 1.75% margin rounded up to the nearest quarter percent. Maximum change per change date is 1.00%. Maximum cap is 9.75% APR. Payments are amortized over 22 years or $100, whichever is greater. Rates and terms effective 06/11/2018. 80% of appraised value less balance of First Mortgage. All rates apply to owner-occupied, single family dwellings located in the state of California. The APR is based on a loan amount of $100,000. Loan approval subject to credit, income and property appraisal. Rate is not locked until final loan approval. All terms and conditions are subject to change without notice. Call representative for additional details at 800-440-8662.

New car, better loan

Auto loan rates – as low as 1.99%*

If you’re hoping to start your new year with a new vehicle, we can help make it much more affordable with our new vehicle loans. Up to 84 months with instant pre-approvals so you can shop knowing exactly what you can afford, and not have to haggle with dealer financing. Come in today to start the process.

*APR – Annual Percentage Rate. Rates as of 11/01/2017. For a $15,000 car loan with a 60 month term at 1.99% APR, the monthly payment will be $262.86. All extensions of credit are subject to credit approval. All terms and conditions are subject to change without notice. Offers may be withdrawn at any time.

Closing Costs? Zero. Uses? Unlimited!

For a limited time, we are covering the appraisal fee and closing costs when you open a Home Equity Loan with us.¹ Not just for home improvements, Home Equity Loans are also great for consolidating bills, paying for college tuition, or purchasing an auto or RV.

Home Equity Loan

Term: 15 years

6.50%, 6.51% APR²

Home Equity Line of Credit

Term: 7-year draw; 22-year repay

as low as 4.25% APR³

¹Appraisal fee and closing costs are waived with a minimum draw amount of $20,000. Loan or credit line must be open for a minimum of 3 years. Loan or credit line closed prior to 3 years of the open date is subject to reimbursement of all original waived fees and will be added to the payoff balance. ²APR – Annual Percentage Rate. ³Variable Rate: Variable adjusts every January 1 and July 1. Index is the 1 Year-Treasury Bill plus a 1.75% margin rounded up to the nearest quarter percent. Maximum change per change date is 1.00%. Maximum cap is 9.75% APR. Payments are amortized over 22 years or $100, whichever is greater. Rates and terms effective 06/11/2018 and are subject to change or discontinue without notice. 80% of appraised value less balance of First Mortgage. All rates apply to single family dwellings located in the state of California. The APR is based on a loan amount of $100,000. Loan approval subject to credit, income and property appraisal. Rate is not locked until final loan approval and offers may be withdrawn at any time. All terms and conditions are subject to change without notice. Call representative for additional details at 800-440-8662.

Don’t move—improve!

With the cost of real estate these days, moving can be prohibitively expensive. But does that mean you need to settle for an old kitchen, dated bathroom or too-few bedrooms?

Not at all! Rather than moving, more and more people are choosing to improve the home they currently own. And a CSFECU Home Equity Loan or Home Equity Line of Credit can help make that improvement a reality.

Our fixed term, fixed-rate Home Equity Loans have terms from 5 to 15 years, so whether the project is large or larger, you can be comfortable knowing exactly how much you’ll be paying each month in principal and interest. Perfect when you know exactly how much your project will cost.

A Home Equity Line of Credit is a versatile option, with variable rate and flexible draw amounts and timeframes, so you borrow just what you need at any given time and pay interest on only the outstanding balance.

CSFECU Home Equity Loans and Lines of Credit are priced competitively, and come with the personal service you expect from us. Call or visit us today!

CSFECU Visa: Everything you need in a credit card

The reasons people use credit cards are as many and varied as the people who use them. For convenience, budget flexibility, emergency, purchase security, to build credit. Whatever your reason for wanting a credit card, we have a credit card for you.

Every CSFECU Visa® card includes:

  • Low rate
  • No annual fee
  • No cash-advance fee
  • 25-day grace period on purchases
  • Emergency card replacement and emergency cash
  • Lost or stolen card reporting
  • No balance transfer fee

Visa Classic offers a credit line up to $15,000 to cover your budget needs or unexpected purchase. It’s perfect for travel, too!

Share Secured Visa is a great way to build or rebuild your credit. Your credit limit is equal to your CSFECU savings account balance, up to a maximum of $15,000. It offers all the convenience of Visa Classic, but is easier to receive approval for and your payment history helps build your credit score.

Call or visit today to learn more.

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.

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.

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.