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Category Archives: Loans & Credit Cards

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

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

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… Continue Reading

New car, better loan

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… Continue Reading

Don’t move—improve!

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… Continue Reading

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

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,… Continue Reading

Compass Community Credit Union

PO Box 1268
Eureka, CA 95502-1268

707-443-8662
800-440-8662

NMLS #423538

Federally Insured by NCUA

Compass CCU utilizes AudioEye to ensure that our site is fully accessible to all users. Click here to learn more.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-440-8662 for assistance.

Compass Community Credit Union

PO Box 1268
Eureka, CA 95502-1268

707-443-8662
800-440-8662

NMLS #423538

Federally Insured by NCUA

Compass CCU utilizes AudioEye to ensure that our site is fully accessible to all users. Click here to learn more.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-440-8662 for assistance.