Consumer Guides Credit Unions A resource of products and services
Bay Area News Group Advertising Section | October 22, 2023
The many benefits of joining a credit union By Metro Creative Connection Customers have more options than ever before when it comes to personal banking. Your neighborhood is no doubt home to many financial institutions, and it’s up to you to find the one that best suits your individual needs. Credit unions are one financial institution option to consider. Credit unions benefit their members in various ways while offering many of the same services and amenities offered by traditional banks. Known around the world by various names, credit unions are member-owned, not-for-profit financial cooperatives that offer financial services to their members. Credit unions are typically organized around a common bond, such as members who belong to a certain community, employer, organization or club. According to the World Council of Credit Unions, credit unions pool their members’ savings deposits and shares to finance their own loan portfolios rather than rely on outside capital. Any income made is applied to lower
interest rates on loans, higher interest rates on savings accounts, or new product and service development. Since credit unions are under no pressure to make money off of their customers, which traditional banks may be, they can expend more energy developing their offerings and providing a greater level of customer service. Also, since the members of a credit union have a say in the
organization’s decisions, usually changes and decisions made are designed to benefit everyone involved. Credit unions aim to offer financial services at the lowest costs possible and may charge fewer fees as a result. In addition, accounts may be free with no minimum balance requirements. One of the things that most attracts people to credit unions is that interest rates often
significantly exceed those offered by banks. Members can earn more money on their savings. Plus, since interest charged for loans on credit accounts are generally lower than most banks’, the savings is twofold. Many credit unions will set a limit to how much interest they will charge on credit cards and loans. While the benefits certainly make credit unions attractive, it is
important to point out some possible disadvantages you may want to look into when joining a credit union. Because of their nonprofit status, some credit unions may not have adequate funds to invest heavily in technology. Mobile banking and websites may be lacking. Also, it can be difficult to find ATMs affiliated with your credit union outside of your community that do not charge additional
Credit Union Listing Guide Featured:
1st Nor Cal Credit Union 1st Nor Cal Credit Union is a not-for-profit cooperative financial institution, helping its members achieve their financial goals since 1949. They offer a wide variety of products and services, backed by a commitment to the credit union’s philosophy, “people helping people”. 1st Nor Cal Credit Union does not issue stock or pay dividends to outside stockholders, like most other financial institutions. Instead, earnings are returned to its members in the form of lower loan rates, higher interest on deposits, and lower fees. They exist to serve their members, not to make a profit. For more information: 888-387-8632 www.1stnorcalcu.org Featured:
1st United Credit Union It doesn’t get simpler, faster and friendlier than 1st United Credit Union. As one of the first credit unions in California, 1st United Credit Union was founded in 1932 and has been thriving in the Bay Area ever since. Membership is available to anyone who lives, works, or attends school in Alameda, Contra Costa, San Joaquin, Solano, Stanislaus, or Kings Counties in California. We believe in
local, neighborly banking and hope you will too. For more information: Call 800-649-0193 or visit www.1stunitedcu.org Alliance Credit Union 800-232-8669 www.alliancecu.org Featured:
Commonwealth Central Credit Union Did you know that CommonWealth Central Credit Union was founded in a local garage? Yes! Some of the biggest ideas that have improved the way the world works were dreamed up in garages right here in Santa Clara County. In December 1958, Frank and Grace Coombs converted their garage into the first branch of what is now CommonWealth. Over the last 60 years, CommonWealth has grown from 10 members and $104 in assets to over 35,000 members and a half a billion dollars in assets. CommonWealth was established to help fellow members in the Santa Clara community reach their financial goals, and these principles remain true today. CommonWealth offers four local branch locations and member access for free at over 30,000 ATMs. They may be 60 years old, but they still know how to keep up with the times and make sure their members have the latest in banking technology
and conveniences. For more information: (800) 564-1588 www.wealthcu.org Featured:
Cooperative Center Federal Credit Union As an offshoot of Consumers’ Cooperative of Berkeley Inc., Cooperative Center FCU’s roots are intertwined with those of the communities we serve. Whether it’s responding to the thorny issues of the ‘60s and ‘70s (redlining) by creating home loan programs, or combating today’s predatory lending practices (payday loans) by offering emergency cash infusion loans. Our mission is to continue to serve our diverse group of members with cost saving products and innovative services. Credit unions, unlike big banks, are rooted in their communities, that’s why you’ll find better service and people who care about your well-being. For more information: (510) 845-6428 www.coopfcu.org Featured:
Excite Credit Union For over 70 years, our Member-owned financial cooperative continues to give everyone the chance to build a stronger future so together we can all be part of a stronger community.
We are not a bank. We’re a credit union, not a bank. What’s the difference? Credit unions are owned by the members, not a bunch of faceless shareholders. The products we offer and the service we provide are founded with idea that people matter most. Because our members control our business decisions, the community benefits most. We live where we work. We know the mailman, the baristas, the bus drivers, and our neighbors. This is important because to support our community, we need to know it! For more information: 800.232.8669 www.excitecu.org Featured:
KeyPoint Credit Union KeyPoint is a fullservice financial institution, fully insured by the NCUA. They offer products and services including: KeyPoint offers a diverse range of services tailored to individual banking needs. Their Unlimited Checking Account provides free checking and worldwide ATM fee rebates. Savings options include Money Market accounts, Certificates, and IRAs for financial planning. Loans encompass auto, boat, motorcycle, and RV loans, alongside personal loans and credit lines. The Starting Point program aids newcomers and recent college graduates in obtaining their first car loan and
building credit. Additionally, they provide credit cards, unique home loans with interest-saving benefits, low fees, and competitive interest rates. Services include free online banking, mobile apps, bill pay, and discounted insurance rates for auto, homeowner’s, life, and disability coverage. They serve anyone who lives, works, attends school or worships in Santa Clara County, Alameda County, El Dorado County, Placer County, San Mateo County, Sacramento County, Santa Barbara County, Contra Costa County and designated areas of Ventura County in California, or works at a Member Company (regardless of location). Become a Member by opening an account, applying for a loan, or visit any KeyPoint branch. For more information: 800-255-3637 www.kpcu.com Featured:
Meriwest Credit Union has been providing personal, convenient, and innovative financial services to families and businesses in the South Bay for over 60 years. With over $2 billion in assets, Meriwest offers above market rates on deposits, low loan rates, lower fees, and a superior banking experience. With 8 Bay Area financial centers, a nationwide network of shared branches, online and mobile banking, a
fees. What’s more, because credit unions are linked to a certain affiliation, membership may be restricted. But as newer credit unions are opening every day, there is an effort to service a wider assortment of members. Credit unions are a great option for those looking to spend less on banking services while potentially earning greater interest on their savings.
locally staffed contact center, and over 30,000 surcharge-free ATMs, Meriwest delivers easy financial access anywhere you go. We think it’s important for all of us to take an active role in support of those in need. We see ourselves not only as a business that exists for the community’s financial benefit, but as an organization that takes a hands-on-approach to making the community a better place to live through financial literacy and charitable programs. Meriwest is a trusted partner to help you get more, and do more. Working for you… Today. Tomorrow. Together. For more information: 877-637-4937 Visit www.meriwest. com today! Pacific Service Credit Union 888-858-6878 www.pacificservice.org Featured:
Patelco Credit Union Patelco Credit Union was created back in 1936, with only $500 in assets by a few employees from Pacific Telephone and Telegraph Company (now know as AT&T). Since then, Patelco Credit Union has grown to become a full service, not-for-profit financial cooperative dedicated to helping its members and See CREDIT UNION Page 4
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SUNDAY, OCTOBER 22, 2023
Advertising Section
Excite Credit Union Empowering Communities Through CDFI Status CONTENT PROVIDED BY EXCITE CREDIT UNION
Excite Credit Union is not just another financial institution, but a true embodiment of the spirit of community and cooperation. Founded on the principle of Member ownership, Excite is a full-service credit union for consumers and businesses that goes beyond the ordinary of offering their Members to save, spend, invest, and borrow. What sets Excite apart is its dedication to the people they serve in California and North Carolina. Their mission extends beyond banking, focusing on providing free financial education and programs that empower populations in need, ensuring that everyone has an opportunity at financial success. During times of turbulent financial landscapes and escalating economic disparities, the significance of institutions prioritizing community development and financial inclusion is paramount. Excite Credit Union stands at the forefront of this movement, armed with its Community Development Financial Institution (CDFI) designation, to champion positive change and empower the communities it serves. What is a CDFI and Why It Matters: Serving the Underserved
Community Development Financial Institutions (CDFIs) have a distinct mission — uplifting underserved communities by providing them with access to vital financial services. These communities often face barriers to obtaining loans, investments, and banking resources. CDFIs like Excite Credit Union help bridge that gap, offering a range of financial products tailored to meet the unique needs of these communities while promoting financial equity. Excite Credit Union’s Ongoing Commitment: A $1 Million Grant for College Savings Excite Credit Union and its affiliated Excite Foundation have demonstrated their unwavering dedication to their CDFI mission. In 2023, they announced their selection by California’s ScholarShare Investment Board (SIB) for $1 million to spearhead education and awareness programs designed to promote college and career savings strategies for low-income families in East San Jose. The grant reaffirms Excite’s commitment to helping under-resourced
communities access higher education opportunities and build brighter futures. Granting Hope and Opportunity: Additional $3.1 Million in 2023 Excite Credit Union’s dedication to community empowerment has received another substantial boost from the U.S. Treasury’s Community Development Financial Institutions Fund (CDFI Fund). Two grants totaling $3.1 million were awarded to Excite to support lowincome and immigrant communities, especially those facing the aftermath of the COVID-19 pandemic. These funds empower Excite CU to make a difference in its communities on both coasts. Empowering Local Entrepreneurs and Small Businesses The grants Excite CU received serve another important purpose – supporting start-ups and small businesses, with a focus on immigrant and minority-owned enterprises. These initiatives reach out to qualified entrepreneurs and small businesses in the
communities they serve, encompassing startups, businesses using Individual Taxpayer Identification Numbers (ITINs), and micro-businesses with 10 or fewer employees. Excite Credit Union also actively collaborates with regional small business training programs like the Latino Business Foundation Silicon Valley (LBFSV), Jobs to Grow in Santa Clara County, and Genesis Block Hub for Entrepreneurship in North Carolina.
Graduates of these programs benefit from streamlined application processes and access to start-up capital. A Beacon of Community Empowerment Excite Credit Union’s CDFI status goes beyond traditional banking. It represents a commitment to bridging the gap between financial stability and the aspirations of underserved communities by providing essential financial services and actively promoting
education and empowerment. Excite celebrates every family supported in their pursuit of homeownership, higher education, and every small business that receives funding. Excite Credit Union remains a shining example of how finance can be a force for good. For the latest information on Excite Credit Union’s community initiatives and partnerships, visit www. excitecu.org. Excite is The Community’s Credit Union.
The Key to Your Financial Success Built to serve a diverse membership, KeyPoint provides over 40 years of strength and security to the community. We are a full-service, not-for-profit credit union offering traditional financial solutions to help people and small businesses achieve their goals.
Members Thrive Financially Throughout All Stages of Life
Here are just a few of the ways we do that: FREE CHECKING* with worldwide ATM rebates FAST DIRECT DEPOSIT—Get your money up to two days sooner than many other financial institutions Highly-rated MOBILE app** and Online Banking Platform A variety of SAVINGS products to meet every need Rewards CREDIT CARDS with no foreign transaction fees Competitive AUTO LOANS for new and used vehicles Fast closing on MORTGAGES and HOME EQUITY loans from a local lender PROGRAMS for new U.S. residents and recent college graduates to build credit *$2 monthly fee for paper statements. **Mobile carrier rates may apply.
To learn more, visit kpcu.com or call (888) 255-3637 Federally Insured by NCUA • Equal Housing Lender • NMLS #417395
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SUNDAY, OCTOBER 22, 2023
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THE COMMUNITY’S CREDIT UNION CDFI Certified, CDFI Committed
As The Community’s Credit Union, we are Member-owned and Member-focused, dedicated to making life affordable for everyone. We offer terrific products and programs designed to lift all members of our community, validated by our CDFI (Community Development Financial Institution) designation, meaning we’ve been recognized for our commitment to serve EVERYONE in our community, regardless of background or financial status.
Scan Now for Special Products & Programs
When you become an Excite Credit Union Member, you’re making a difference in your community.
For more information, visit excitecu.org
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Advertising Section
SafeAmerica Credit Union Celebrates 70 Years of Financial Service CONTENT PROVIDED BY SAFEAMERICA CREDIT UNION
In the ever-evolving world of finance, there are institutions that stand the test of time, and SafeAmerica Credit Union is one such beacon of financial stability and community service. As they mark their 70th anniversary in 2023, it’s a moment to recognize their journey that started in 1953 and has since blossomed into a trusted institution serving the Northern California region. SafeAmerica Credit Union originated from Safeway San Francisco Employees Federal Credit Union in 1953, uniting two San Francisco credit unions to serve Safeway workers in Northern California. Over time, it expanded, changed names, and grew, currently serving over 37,000 members in Northern California. SafeAmerica Credit Union’s reach extends across the California counties of Alameda, Contra Costa, San Mateo, and Santa Clara, serving individuals and numerous employer groups. Their commitment to providing financial guidance and offering comprehensive financial products has remained unwavering.
How does SafeAmerica make a difference? They have you covered if you are interested in financial education that will help you navigate the stress of today’s economy! Check out their blog at safeamerica. com/blog and find the information you need about current financial topics: Money Talk: 6 FamilyProof Financial Topics for Holiday Gatherings He might be fictional, mean, and green, but The Grinch
can also be relatable during the holiday season when spirits are high (and holiday spending is higher) –We can help! Student Loan Repayment, Simplified After a historical hiatus throughout the pandemic, borrowers face federal student loan repayment. Evaluating your entire financial picture and making a repayment plan go a long way toward reducing stress and uncertainty. Need help figuring out where to start?
For over 65 years, UNCLE Credit Union has served our members and surrounding communities. Our ongoing investment in technology, infrastructure, and talent contribute to our enhanced member experience and allow us to be competitive with big banks. UNCLE offers the benefits of credit union membership to anyone who lives, works, worships or attends school in Alameda, Contra Costa, San Joaquin or Stanislaus counties.
FEATURED PRODUCTS AND SERVICES: • Reward Checking Accounts
• Certificates of Deposit
• Credit Cards & Auto Loans
• Business Banking
• Home Loan Products
• 24/7 Digital Services
Learn more about the credit union difference and our involvement in local communities by stopping by one of our financial centers or visiting www.unclecu.org.
National Cybersecurity Awareness Month – October 2023 October is National Cybersecurity Awareness Month! As a SafeAmerica Credit Union member, we want you to be armed with the tools you need to keep yourself safe on the internet. Beyond financial education, community support is vital to SafeAmerica Their Facebook page (facebook.com/safeamericacreditunion) illustrates their support… “SafeAmerica would like to thank the Pleasanton California Chamber of Commerce for hosting the annual Golf Outing at Callippe Preserve Golf Course. Everyone had a great time! We were happy to sponsor this event, which directly supports our local chamber and community. It was great to catch up with old friends and meet new businesses helping to shape the future of our communities.”
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communities to prosper. Currently, with $9 billion in assets and over 450,000 members nationwide, they have become one of the largest credit unions in the nation. Even with all their growth, their purpose remains focused on their members: fueling hope and creating opportunities to build finance resiliency while empowering them to achieve financial freedom. Patelco Credit Union can be found at locations across the Bay Area including San Francisco, Daly City, San Bruno, Oakland, Berkeley, San Mateo, San Leandro, Lafayette, Hayward, Redwood City, Novato, Castro Valley, Walnut Creek, Danville, San Ramon, Concord, Dublin, Fremont and Santa Clara. 800-358-8228 www.patelco.org
“SafeAmerica Credit Union is proud to make a difference for our communities. We greatly enjoyed sponsoring Cottonwood Creek School’s annual Coyote Fun Run!” SafeAmerica Supports Your Financial Future With Share Certificates, they will help make your money work for you! Let your money work for you and earn dividends on your funds with our Share Certificates. Choose from various term options, short or long, depending on your financial time-frames. A Share Certificate, much like a CD, offers a higher rate of return than a traditional savings account. Your funds stay put, untouched, for the term you›ve selected. Typically, the longer your term commitment, the higher your dividend will be. All your SafeAmerica Credit Union Celebrating 70 years of financial service Today, SafeAmerica Credit Union is a $532 million communitychartered Credit Union, serving approximately 37,000 members in Northern California; principally in the San Francisco Bay Area with branches in Pleasanton, Walnut Creek, Brentwood, and Hayward. We are proud to serve the California counties of Alameda, Contra Costa, San Mateo, and Santa Clara as well as numerous employer groups.
FEDERALLY INSURED BY NCUA | EQUAL HOUSING LENDER
SafeAmerica Union
Credit
SafeAmerica Credit Union 6001 Gibraltar Drive, Pleasanton 1030 La Playa Drive, Hayward The Orchards Shopping Center; 2868 Ygnacio Valley Road, Walnut Creek 6560 Lone Tree Way, Suite D, Brentwood safeamerica.com
UNCLE Credit Union
of the University of California Radiation Laboratory at Livermore (now Lawrence Livermore National Laboratory). The Radiation Laboratory Livermore Credit Union as it was first named, was established to provide financial services for the entire Lab community. Then in 1988, the name was changed to UNCLE (University of California Livermore Employees) Credit Union, proudly offering membership to anyone who lives, regularly works, attends school or regularly worships in Alameda, Contra Costa, San Joaquin or Stanislaus counties. Over the past 65 years, They’ve grown to more than $715 million in assets, 34,000 members, and continue to evolve as they strive to provide a seamless experience for our members with an array of innovative, high-value products, ease of convenience, and exceptional service. You can find UNCLE Credit Union financial centers all across Livermore and they also have an office in Pleasanton.
UNCLE Credit Union was started back in 1957 by just four employees
For more information: 925-447-5001 www.unclecu.org
For more information: 800-972-0999 www.safeamerica.com Shell Western States Federal Credit Union 925-228-4545 | 833-461-8710 www.swsfcu.org Stanford Federal Credit Union 888-723-7328 www.sfcu.org Featured:
Featured:
PLEASANTON • LIVERMORE • TRACY • STOCKTON
deposit accounts are insured to $500,000 per account for added security. SafeAmerica Credit Union’s 70th anniversary stands as a testament to the enduring principles of community, trust, and financial security. From its modest beginnings in 1953 to its current status as a half-a-billion-dollar community-chartered Credit Union, SafeAmerica Credit Union continues to be a beacon of economic hope for the communities it serves. Here’s to another 70 years of financial excellence!
SUNDAY, OCTOBER 22, 2023
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Let your money work for .
You
For all our rates or to open your account, visit safeamerica.com.
APY (Annual Percentage Yield) as of 10/1/23 and is subject to change without notice. New money only. Requires a minimum balance of $1,000. 8 month rolls into a 6 month certificate upon maturity. 14 month rolls into a 12 month certificate upon maturity. Any money deposited at SafeAmerica within the last 30 days qualifies as “new money”. Early withdrawal penalties apply to all certificates. See website for full details.
Your savings insured to $500,000 per account. By member’s choice, this institution is not federally insured, or insured by any state government.
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SUNDAY, OCTOBER 22, 2023
How Does a HELOC Work?
CONTENT PROVIDED BY 1ST UNITED CREDIT UNION
A home equity line of credit (HELOC) allows you to use the equity in your home to achieve other goals. Here is a quick look at how a HELOC works and how you can benefit from it: What is a HELOC? A HELOC is similar to a home equity loan in that you borrow from the value of your property not owed on your mortgage. Unlike a home equity loan, a
HELOC allows you to draw funds from a line of credit. You can take out money, pay down the balance, and draw again, just like a credit card. This gives you the flexibility to borrow money whenever you need it. How much can you borrow? The amount you can borrow with a HELOC varies by mortgage lender. 1st United Credit Union’s HELOC allows you to borrow up to to 80% of your loan to value. For
example, if your home is worth $500,000 and you owe $200,000, your HELOC can be up to $200,000. Use our HELOC calculator to determine your maximum HELOC amount. How do you draw funds? Using the funds from a HELOC is very easy and might vary by lender. For our HELOC, you simply log in to your account and initiate a transfer of money from your HELOC to your checking or savings account, or
Start Your Financial al Wellness Journey aat h! CommonWealth! 5 yyears CommonWealth Central Credit Union is celebrating 65 ealth, of serving Santa Clara County and beyond. Join CommonWealth, where we’re committed to assisting you in achieving your goals, whether it’s building an emergency fund, saving for your dreams, or having convenient ways to manage your money. We have you covered.
rewards checking
11-Month
Welcome Certificate2
4.25
Account1
No Minimum Balance N No Fees1
21-Month
Anniversary Certificate2
arn up to Ea
2.550
% APY*
4.65
% APY*
wealthcu.org | (800) 564-1588 *APY=Annual Percentage Yield. Rate is variable and subject to change at any time. To qualify for the Rewards Checking APY, you must meet the following requirements by the end of each month: be enrolled in eStatements, have direct deposit or ACH deposit transactions totaling $300 or more per month, and have at least 15 debit and/or credit card transactions per month. All qualifying transactions must post to the account and the funds must be available by 3:00pm on the last day of each month. Note: Debit and credit card purchases can take up to 3 days to post and are dependent upon merchant processing times. If you do not meet the Rewards Checking account requirements, you will not receive the APY. Rewards Checking APY is up to a max balance of $20,000 and thereafter standard rate of 0.05% will apply. Limit one Rewards Checking account per member. All new accounts will be verified by ChexSystems. Members with an existing CommonWealth checking account may convert their current account into a Rewards Checking account. Offer is subject to cancellation without notice and cannot be combined with any other offer. No monthly service charge for Rewards Checking. You must opt-in to eStatements to have the $2 monthly paper statement charge waived.
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The 11-Month and 21-Month certificates are single term certificates and will NOT automatically renew at maturity. The funds will be transferred to your Regular Share Account at maturity and will earn dividends at the prevailing Regular Share dividend rate. Minimum Balance to open account and earn APY is $500. The maximum deposit limit is $250,000. 11-Month Certificate is for new members only and must be opened within 15 days of opening a new membership. After your certificate is opened you may not make additional deposits to the certificate. Share Certificates use simple interest on a daily basis, which applies the daily periodic rate to the balance in the account each day. Dividends are paid monthly. Limit one per member and cannot be combined with any other special share certificate.
Federally Insured by NCUA.
Should I be concerned about the variable interest rate? We offer a variablerate HELOC, meaning the rate can change over time as the federal prime interest rate changes. Although that sounds risky, the rate increase is capped at 6% over the lifetime of the loan. For perspective, the prime rate hasn’t been above 10% since the 1980s. Although nothing is guaranteed, the annual cap on your HELOC should prevent your APR from spiking as you carry the loan. How do I repay the loan? 1st United Credit Union’s HELOC is a 30-year loan. You will be able to borrow money any time during the 15-year draw period. Interest will accrue on any money you take out, and you will be charged a monthly payment of
1% of the outstanding balance or $75, whichever is more. After the draw period, you will continue making a monthly payment based on the interest rate, the outstanding balance, and the remaining loan term of 15 years. What else should I know? There are a few other basics to know as you consider whether a HELOC is right for you: If you are using funds to renovate your property, HELOC interest could be tax-deductible. Consult a tax professional to learn if your home improvement project is eligible. Because your home is used as collateral, failure to repay the line of credit can lead to foreclosure. We will provide you with an itemization of any fees during the application process. What can I use a HELOC for? The equity in your home is a valuable resource. A HELOC allows you to tap this resource for whatever you need. Some typical uses include:
• Home renovations and additions • Landscaping, hot tubs, and pools • Tuition payments • Medical expenses • Travel expenses • Moving expenses • Large purchases (e.g., appliances, emergency home repairs) • Emergency fund A HELOC shouldn’t be used for everyday expenses or impulse buys. The funds you use today will need to be repaid, and you don’t want to find yourself paying both a mortgage payment and a large HELOC payment. Carefully use your equity as part of your financial plan and not as a license to spend. Moreover, HELOCs aren’t the only choice for homeowners with good credit. A home equity loan or a personal loan may also serve your unique financial needs. Consider those options as you plan for your future. Get more MoneyWise tips at 1stunitedcu. org/moneywise, stop by one of our nine local branches, or call us at (800) 649-0193. We’re here to help.
The 75th anniversary of International Credit Union Day 2023 was celebrated on Thursday, October 19
% APY*
to Scatnstarted! ge
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an account at another financial institution. We also provide checks that draw directly from the line of credit and can be used anywhere checks are accepted.
Credit Union National Association (CUNA) is always happy to encourage the global credit union movement. This was highlited in a landmark 75th anniversary celebration of International Credit Union (ICU) Day held on October 19, 2023. This annual event raises global awareness for the credit union movement through outreach, volunteering, fundraising and other activities. Credit unions bring financial inclusion and a promising future to people all over the world. Since the first celebration in 1948, ICU
Day presents a chance to spotlight and celebrate these achievements. “Celebrating the 75th anniversary of ICU Day underlines the resilience and dedication of the credit union movement,” said Megan Crowson, Manager of Consumer Engagement Solutions, Credit Union National Association. “It was a moment to reflect on our collective achievements and engage with our members around the world in a day of celebration. We were proud to commemorate this historic milestone in cooperation with World Council of Credit Unions
and America’s Credit Unions.” “This day is internationally recognized as an opportunity to reflect on the movement’s history, promote our collective achievements and prepare for the future,” said Elissa McCarter LaBorde, President and CEO of World Council of Credit Unions. “75 years is quite a milestone to observe and acknowledge the tireless effort of credit union employees and celebrate our members the world over.” For more information visit: cuna.org/products/ international-creditunion-day.html
SUNDAY, OCTOBER 22, 2023
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Fall into the Holidays Special Introductory HELOC Rate
5.99
% APR
for 12 months
After that, as low as
With the fall and winter holidays right around the corner, we’re thrilled to offer a special discounted rate when you open and use a 1st United home equity line of credit by January 15, 2024.
Home Equity Line of Credit (HELOC) • 5.99% APR for 12 months on transactions made by January 15, 2024 • After that, as low as 6.50% APR • Easy access to funds through online transfer or check • No annual fee • No points
6.50
% APR
You can use the discounted funds for holiday spending, paying off debts, or even sprucing up your kitchen—the possibilities are endless. Apply online at 1stunitedcu.org/holiday using the promo code HOLIDAY, call us at (800) 649-0193, or visit your local branch. Hurry—this offer ends January 15, 2024.
(800) 649-0193 1stunitedcu.org/holiday
Funds cannot be used to pay any 1st United Credit Union loan obligation. Introductory APR (Annual Percentage Rate) is as of September 15, 2023, is a fixed 5.99% for 12 months, then reverts to a variable rate which is Prime rate (index) currently at 8.50% as of September 21, 2023 minus a 2.00% margin and may be subject to adjust monthly. Introductory rate reverts back to the standard rate on January 15, 2025 or if the account becomes delinquent. Your rate may vary based on creditworthiness, amount financed and other additional terms and conditions. Best rate quoted for primary residence. California properties only. $100 processing fee applies for loan amounts up to $250,000; $875 origination fee applies, plus appraisal and title fees for loan amounts over $250,000. Rate is valid up to 80% combined loan to value ratio (CLTV). Rental property rates available. Loans are subject to credit approval. An early closure fee of $350 will apply if the loan is paid off and closed within the first two years. Lifetime cap is 6.000% above current fully indexed rate. Payments based on 1% of the outstanding balance. Offer ends January 15, 2024. Federally insured by NCUA.
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SUNDAY, OCTOBER 22, 2023
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1st Nor Cal is just another credit union. Actually, not so fast… not all credit unions are created equal. As 1st Nor Cal Credit Union prepares to celebrate their 75th anniversary, the time is right to explore what makes them a true Bay Area original. CONTENT PROVIDED BY 1ST NOR CAL CREDIT UNION
It started with a shoebox and an orange crate, and now, 75 years later, 1st Nor Cal Credit Union has seven branches and 85 employees serving 32,000 members. Happy 75th birthday, 1st Nor Cal!! You haven’t aged a bit, but you sure have grown! In 1949, the Contra Costa County sheriff dropped a shoebox with $1,211 on the desk of his secretary, Elinor Aljets, and asked her to start a credit union. Collected from 34 members depositing an average of $35 each, the amount became the foundation for the Contra Costa County Employees Federal Credit Union. Now known as 1st Nor Cal, the credit union turns 75 in 2024 and is stronger than ever. According to David Green, 1st Nor Cal Credit Union President/ CEO, 1st Not Cal has always been been unique and even now distinguishes itself in ways that truly benefit their membership. “Credit union membership really makes a lot of sense, especially compared to banks and even more so when compared to the Mega-banks. And a lot of your friends and neighbors already realize this - nearly 14
million people belong to California credit unions, nationally the number is over 136 million. This is amazing news because these people pay lower fees, earn higher dividends on deposits and enjoy lower loan rates. 1st Nor Cal is very proud to be part of this.” David says there’s more to the story however, “You see, not all credit union’s are created equal. For instance, similar-sized California credit unions post fee income at approximately 0.65% of assets. Nationally, it’s even higher, around 0.78% of assets. By comparison, 1st Nor Cal’s fee income is approximately 0.07% - which means our fees are literally one-tenth of what our competitors are. That alone is a huge distinction for 1st Nor Cal Credit Union.” 1st Nor Cal is different in other ways too. David explained that 1st Nor Cal has never had a grow-at-all-cost mentality. “We have enjoyed wonderful growth over the past 75 years, and the result is a modern, robust, product and service offering. But we have maintained our autonomy, truth-betold we think we really understand the communities we service and our members, and we think we know how to best serve them. So we’re
not about growing just to grow, we’re all about safety, security and most importantly impeccable personalized service at every level.” It is a philosophy that has served 1st Nor Cal well. Even with their more conservative approach, they have still managed to grow to nearly $1 billion in assets with a modest $340 million in loans to members. “That’s a lot of good people benefiting from the good work we do here. Our members are, by and large, hardworking people trying to raise their families in the country’s highest cost area. If we can be a small part of their success, then we’ve accomplished our objective,” David says. 1st Nor Cal has another distinction which really stands out because it ensures continuity for their members - it’s a pretty astonishing statistic. At 1st Nor Cal, about 30% of the employees have been with the organization for over 20 years and the average tenure of a branch manager at 1st Nor Cal is 30 years! There is clearly an organization-wide commitment to the credit union’s “people helping people” philosophy. Every employee adds value to the organization’s relationship with the community.
David Green - 1st Nor Cal President/CEO
1st Nor Cal Pittsburg, CA Branch
The down-to-earth, member-first ethos is the foundation that allows 1st Nor Cal to offer the lowest fees in the region and some of the most competitive loan rates around. Congratulations 1st Nor Cal, the Bay Area looks forward to your next 75 years of service to the community. For more information: 888-387-8632 www.1stnorcalcu.org
Christina Antunez - 1st Nor Cal AVP/Project Manager
All your loan needs with high competitive rates and flexible terms.
You work hard for your money, we work hard to make your money work for you. Enjoy the conviniance of a Cooperative Center Checking Account
Basic Platinum Prestige
Student
Free Visa® Debit Card Free Online & Mobile Banking Free Unlimited Bill Pay Remote Deposit Capture Available1 Free Acces to CO-OP® Network Shared ATMs & Branches Low Fixed Rate Line of Credit2 Overdraft Protection Available Dividend Earning*
$2,000
$2,000 Minimum daily balance
*See Truth-in-Savings Agreement (TISA) and Rate Sheets for details. 1Fees may vary 2Limits vary.
Ask us about our youth and student saving and checking programs
Loan Center & Headquarters: 634 Ferry Street, Martinez, CA Branch: 3015 San Pablo Ave, Berkeley, CA Call: (510) 845-6428 Visit our website at www.coopfcu.org or follow us on social media @coopfcu PLEASE CALL OR VISIT US TO LEARN MORE
$750
Honest service, low rates and flexible terms to meet your credit needs. Even if you have an existing loan with another lender, talk to us about refinancing. We may be able to help you save money. Vehicle Loans: Whether you’re buying the car of your dreams, embracing the freedom of a motorcycle or traveling far and wide with a boat or RV, we offer a wide range of terms at competitive rates. Buying your first car? Ask us about our First-Time Auto Buyer Loans! Personal Loans: Take advantage of affordable financing for most anything! Fund a wide range of needs with a term that works for you. We offer secured and unsecured loans and lines of credit, as well as debt consolidation loans. Home Loans: For most of us, buying and owning a home is the largest investment we’ll ever make. Our expert mortgage lenders are here to lead you through a smooth home-buying process and answer all your questions along the way. If you already own a home you love, we’ll also help you leverage your built-up equity or finance energy-efficient home improvements! Home Equity Line Of Credit (HELOC): Convert the equity in your home into an affordable line of credit. Finance education expenses, major home improvements, and / or consolidate higher interest rate loans. Once approved for a HELOC, your funds are available anytime without reapplying. It’s revolving credit — as the principal is repaid, more becomes available for use. Visa® Credit Cards: Rewards cards from other financial institutions often “reward” you with higher, adjustable interest rates, annual and other fees (along with the cash back you earn.) With a Cooperative Center Visa credit card, you’ll be rewarded instantly with the savings you get from low fixed interest rates and no annual fees. For full details on our Gold, Classic, Student Classic and Premium Secured Visas, see our website. Emergency Cash Loan: No minimum FICO score is required. Must be a credit union member in good standing for at least three months. Must be employed for a minimum of three months or have a regular source of verifiable income for that same period. Direct deposit must be equal or greater than amount requested. Pay Day Pay Down Loan: Our Payday Loan Consolidation Program allows members to pay off single or multiple payday loans with easy, affordable payments! You can save hundreds of dollars in fees. You’ll save money and pay off your payday debt. and more... Certified Community Development Credit Union | Certified Minority Depository Institution | An original p2p lender
SUNDAY, OCTOBER 22, 2023
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CreditUnions areallthesame.
Well,notexactly... Home Loans
Auto Loans
Low Fees
7-Year FIXED as low as
Rates as low as
Our members pay less in fees
Apply online or ask for 1st Nor Cal financing at your local dealership.
Compared to banks and most CUs our fees areWAY lower. 1stnorcalcu.org/lowfees
5.287
% APR
Additional rates and terms available.
†
4.99
% APR*
WedefinitelyLOVECreditUnions,especiallycomparedtobanks. But, not all credit unions are the same. At 1st Nor Cal, providing true value to our members is our top priority.We believe there’s no better way to show we care than to help you save your hard-earned money. Not just every so often by offering special promotions... we’re talking real, honest-to-goodness savings you can count on. Our account and transaction fees are simply lower than what you will find at other California Credit Unions
1stnorcalcu.org
10x less
and even nationwide. Go one step further and compare our fees to what you’ll find at a bank and the savings are absolutely huge. But the savings don’t stop there, our auto loan rates are among the very lowest in the Bay Area and our mortgage programs really shine when comparing rates, origination fees and other closing costs - differences we’re proud to share. Please consider joining and/or applying for a loan today – we’d love to have you as part of the 1st Nor Cal family.
(925) 335-3870
Branches in Martinez, Benicia, Pittsburg, Brentwood, Crockett, and Richmond Persons who live, regularly work, currently attend school, or currently worship in Contra Costa, Solano, or Alameda counties, as well as any and all businesses, corporations, and other legal entities in those counties are eligible for membership. † APR = Annual Percentage Rate. Your APR will vary based on your final loan amount and finance charges. Your actual payments are based on the interest rate, not the APR. The interest rates and Annual Percentage Rates (APRs) shown are subject to change without notice. All mortgage loans through 1st Nor Cal Credit Union are for primary residence homes in California only. Adequate property insurance required for the life of the loan. Flood insurance may be required. All loans subject to credit approval. Other restrictions may apply. Payment example: For a 7 year, $350,000 conforming mortgage and a fixed rate of 4.990% (5.287% APR), approximate payment amount is $4,945.23. The monthly payment includes principal and interest, as 1st Nor Cal CU does not offer impound accounts. NMLS # 580488 * Annual Percentage Rates (APR) are subject to change. Rate, maximum term, maximum loan amount and advance amount are based on credit qualifications. Maximum terms vary based on loan amount. We reserve the right to determine collateral value based on industry recognized guidelines or full appraisal. Must be 18 years old or older to apply for a loan. Loans are subject to all Credit Union policies and procedures. Auto loan “as low as”rates require a minimum FICO® 780 Credit Score. 36 months term at 4.99% APR is $29.98 per $1,000 borrowed.
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SUNDAY, OCTOBER 22, 2023
Working to Make a Difference, Every Day; It’s the “Meriwest Way”
It’s one thing to say, “People helping People,’ and talk about the difference a credit union can make to its members and community. It’s another to truly deliver on the promise. Meriwest Credit Union works to do just that, every day. They call it the ‘Meriwest Way.’ The “Meriwest Way” is employees bringing their best selves to work and consistently exceeding member expectations. And it shows, Meriwest has been voted the ‘Best Credit Union in Silicon Valley’ in the Mercury News Annual Readers’ Choice Awards for the past two years. It’s an honor earned by the Meriwest staff, not only for their work in meeting members’ finan-cial needs with a smile, but for their efforts in the community as well. That community service is another pillar of the “Meriwest Way.” Meriwest Credit Union conducted over 250 financial literacy workshops for over 12,000 community residents this year. For these efforts, Meriwest won first place in both the State and National Desjardins Financial Education Awards from the Credit Union National League. These awards recognized superior financial education programs and support of local organizations and schools. The ‘Meriwest Way’ is also creating an environ-
ment that helps everyone, employees and members alike, succeed. The Meriwest workplace, where employees take pride in helping their members earn more and save more, has been recognized by the Silicon Valley Business Journal and San Francisco Business Times, who named Meriwest a “Best Place to Work” for four straight years. This year, Meriwest also received national recognition from Forbes magazine, who named Meriwest a 2023 “America’s Best Small Employer.” But Meriwest is not resting on their laurels. This year they introduced an enhanced online banking platform and mobile app to help members Meriwest Credit Union is an annual participant in YWCA Golden Gate Silicon Valley’s ‘Walk a Mile in Their Shoes’. better understand and manage their finances. Meriwest digital banking now includes enhanced person-to-person payments and online billpay, along with credit score and money management tools, and a secure intelligent chatbot. Meriwest plans to stay the ‘Best Credit Union in Silicon Valley,’ because that too is the ‘Meriwest Way.’ It’s an honor they don’t take lightly as they work to make a difference in our community, and your financial life – today, tomorrow, together. For more information: 877-637-4937 Visit www.meriwest. com today!
Meriwest Credit Union organized a baby clothing drive in partnership with Loved Twice, a mission-driven organization committed to helping families in the community by providing essential support to newborns in need.
Cooperative Center Federal Credit Union is A Beacon of Community Support and Inclusiveness
CONTENT PROVIDED BY COOPERATIVE CENTER FEDERAL CREDIT UNION
Cooperative Center Federal Credit Union (Cooperative Center FCU) is more than just a financial institution; it’s a pillar of the community, committed to the financial well-being and empowerment of its members. Established in 1942, Cooperative Center FCU has evolved over the years while staying true to its core mission and values, making it a trusted resource for thousands of members in the community. A Member-Driven Mission and Vision At its heart, Cooperative Center FCU is a member-owned and governed institution. Its primary mission is to provide accessible, affordable, quality financial services and education in a responsible and professional manner while maintaining long-term financial strength. As a Community Development Credit Union, their vision is to be a trusted resource for financial services and education, helping members achieve their economic goals. A Rich History of Inclusiveness Cooperative Center FCU’s roots
are intertwined with the communities it serves. From its early days, the credit union demonstrated leadership in social, economic, and civil rights issues. Maudelle Shirek, known as the “Conscience of Berkeley City Council,” became the credit union’s second full-time employee, symbolizing its commitment to diversity and inclusion. Zach Brown, an instrumental figure in the credit union’s history, worked tirelessly to develop Cooperative Center FCU into a thriving institution. He recognized the need for improved services and advocated for the credit union’s growth. Matt Crawford, the credit union’s first AfricanAmerican Loan Officer, shared Brown’s vision of serving the community and ensuring financial accessibility. In 1961, Cooperative Center FCU introduced free financial counseling services, a pioneering move in California. They also offered debt consolidation programs and direct payments to creditors, helping members facing financial difficulties. In 1962, Zach Brown played a crucial role in establishing Twin Pines Savings and Loan to
The Cooperative Center FCU LatinX Outreach team participating in the festival, promoting financial literacy and affordable, accessible cooperative banking.
combat “redlining,” a discriminatory practice limiting mortgage access for minority homebuyers. This commitment to inclusiveness continued to guide the credit union’s actions. Expanding Horizons Over the years, Cooperative Center FCU expanded its membership base to include qualified private companies, organizations, and associations from the area. This thoughtful expansion strategy helped create a uniquely diversified membership while maintaining a stable core of original members. In 1988, the credit union adapted to the changing landscape when the Co-op Grocery Stores began closing. They
transitioned from a Single Common Bond to a Multiple Common Bond charter, adding over 120 “Select Employer” and Associational Groups. This evolution ensured that the credit union could continue serving the community effectively. Seven Cooperative Principles Cooperative Center FCU operates according to seven guiding principles, reinforcing its commitment to members and the community: Voluntary & Open Membership: Membership is open to all who qualify under their Federal Charter. Democratic Member Control: Members participate in the democratic election of a Board
of Directors, ensuring policies are created for the benefit of all. Member Economic Participation: The credit union encourages members to make it their primary financial institution, offering competitive rates and lower fees. Autonomy and Independence: Cooperative Center FCU operates solely for the benefit of its members, not external shareholders. Education, Training and Information: They provide free financial literacy and money management education to all. Cooperation Among Cooperatives: The credit union actively supports cooperation among cooperative financial institutions,
recognizing the strength of unity. Concern for Community: Building sustainable community wealth is at the heart of their mission. Cooperative Center Federal Credit Union stands as a shining example of a financial institution deeply committed to its community. Its rich history, dedication to inclusiveness, and adherence to cooperative principles make it a valuable asset for the people it serves. As they continue to evolve and expand, Cooperative Center FCU remains invested in the success and prosperity of its members and the broader community. For more information: (510) 845-6428 www.coopfcu.org
SUNDAY, OCTOBER 22, 2023
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Get more of what matters with Patelco
Ranked by Bankrate as one of the best credit unions of 2023.
Patelco isnÕt a bank, weÕre much more than that. WeÕre a not-for-profit, member-owned credit union who prioritizes bettering the financial lives of our members through every decision we make. And by putting our members first, we give them a world of more possibilities.
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Source: Apple App Store.
Insured by NCUA
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SUNDAY, OCTOBER 22, 2023
The Checking Account That Pays a h t i w Now Bonus! 0 0 3 $ 1
Smart Rewards ar Checking
• No Monthly Fees • Free ATM access anywhere with unlimited surcharge rebates** • Budgeting and financial wellness tools • New digital technology delivering seamless account management
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877-MERIWEST (637-4937) | meriwest.com
Working for You ... Today. Tomorrow. Together. 1
*Annual Percentage Yield (APY) is accurate as of 09/05/23 and promotional APY is subject to expire at any time. $20 is required to open the account and $100 minimum average balance required to earn stated APY. Balances up to $15,000 will earn 5.00% APY as long as the monthly criteria** are met during the first six (6) months from account opening. The remaining balance over $15,000 earns 0.10% APY and the resulting APY earned on the total balance will be a blended rate. If the monthly Account Eligibility criteria** are not met, the entire balance earns 0.01% APY. Once six (6) months from the date of account opening has lapsed, the APYs will revert to the current APYs in effect at that time. Please refer to the Rate Schedule for applicable dividend rate, APYs, and tiers. Variable rate account, rate may change after account opening. Fees may reduce earnings. **To qualify for stated REWARDS in each current month, members must have met the following criteria in the immediate previous month: 1) At least 10 posted and cleared debit card transactions per month OR at least $500.00 in total posted and cleared debit card transactions per month (PIN or signature-based, not including ATM transactions); 2) Establish direct deposit ($1,000 total minimum per month); 3) E Documents enrollment (receive monthly e-statements and account notices electronically). Dividends earned will be calculated and ATM Surcharge Rebates will be refunded based on prior month-end data. 1. Promotional offer starts on 09/05/23 and is subject to expire at any time. Consumer accounts only. Limit one Bonus payment per member. To qualify for the Bonus, you must: (1) be a new Credit Union member or an existing member with no existing checking accounts, (2) open a new Smart Rewards Checking Account, and (3) meet the above monthly criteria** each month for at least three (3) consecutive months within the first six (6) months from account opening. Bonus will be deposited into the Smart Rewards Checking Account within 10-business days after the third consecutive month of meeting the criteria. Membership is required with a one-time non-refundable $5 fee. Copyright 2023 Meriwest Credit Union. Federally insured by NCUA.