31169_FallNewsletter_0822r13_Web

CU Connection

SoCal A Publication for Members of Credit Union of Southern California
Fall 2022

CU SoCal Member Ruth and son Hector
Ruth has been a Member since 2022

INSIDE: 866.287.6225 | CUSoCal.org

§ Message From Our President/CEO
§ Combating Infation
§ Continuous Pre-Approvals Are Here
§ Rewarding New Rewards Checking Account Holders
§ Board & Supervisory Committee Nominations
§ Financial Wellness Resources

Empower Your Financial Future 3 Ways to Combat Infation

Ours is a story of an idea. A simple idea: people could Infation is on the rise and knowing how to combat increasing
pool their money and make loans to each other. This costs is more important than ever. CU SoCal helps you fght
is the credit union idea, and it has evolved from the infation with products that lower your cost of revolving debt,
cooperative activities of early 19th century Europe. Since earn points redeemable for cash on all your purchases, lower your
then, the products and services offered by credit unions car payment, and tap into your home’s equity. Here are three ways
have expanded and this idea of placing people before to combat infation.
profit now spans across 118 countries. As a Credit Union
of Southern California (CU SoCal) Member, you are Leverage Credit Cards
joined by more than 375 million others worldwide who Credit cards can be an efective way to combat
are empowering their financial future with the help of a infation, whether you’re earning rewards points for
credit union. your purchases or transferring your high-interest
revolving debt. The Platinum Rewards Visa® Credit
Each October, credit unions worldwide celebrate Card earns points on transactions. In fact, when
International Credit Union Day to honor their Members new cardholders spend $4,000 in the frst 6 months,
and the credit union difference. Unlike profit-driven they get 30,000 Dream Points, redeemable for $300
financial institutions that are either privately owned cash.1 With a CU SoCal Topaz Visa Credit Card, new
or publicly traded, credit unions are not-for-profit cardholders can transfer their high-interest debt for
cooperatives that are owned by their Members. That’s 0% APR for 9 months.2
why CU SoCal is more than a place to bank. It’s a place
where people come before profit, and are the primary Keep Your Auto Loan Payments Low
focus. This means our Members generally get lower rates CU SoCal may be able to lower your auto loan
on loans, pay fewer (and lower) fees, and earn higher payment from another lender. That means
dividend rates than for-profit customers do. you’ll preserve your cash fow and have the
added funds to allocate elsewhere. And, with
Benefits of your CU SoCal Membership expand well the cost of auto repairs and parts increasing,
beyond the numbers. The people who work for us know now is the time to protect your auto loan
they work for you. Our staff is instilled with a deep and with Guaranteed Asset Protection (GAP) and
genuine desire to serve and an unwavering commitment Mechanical Repair Coverage (MRC).
to do the right thing. This is our culture. This is our DNA.
We are committed to providing trusted financial services Tap Into Your Home’s Equity
and solutions every day. CU SoCal belongs to you and it’s With home values reaching record highs, the time to
our desire to exceed your expectations and serve all your tap into your home’s equity and access the cash you
financial needs now and well into the future. need may be now! A CU SoCal Home Equity Line of
Credit (HELOC) ofers competitive rates and low-to-
Thank you for your CU SoCal Membership. You are a no fees (depending on property type). Plus, you can
vibrant part of the credit union difference and it’s our keep payments down with interest-only options.
honor to help empower your financial future.

Sincerely, Learn more at CUSoCal.org.

Dave Gunderson 1. Qualifying transactions of $4,000 or more made within 6 months following the account opening will earn 30,000 bonus points.
President/CEO Qualifed transactions of $.50 or more qualify for CU SoCal Dream Points with the following exceptions: cash advances; balance
transfers, convenience checks, quasi-cash (purchases that are directly convertible to cash such as casino gaming chips, money orders,
wire transfers, travelers checks), fnance charges, fees, unauthorized/fraudulent transactions, and credit card purchases for less
than $.50. Qualifed credit purchases will result in one (1) point for every one ($1) dollar spent, rounded to the nearest dollar. All
transactions and points are subject to verifcation. The point balance is the total of points awarded, less points that are deducted for
returns and adjustments. If a transaction is subject to a billing dispute, the point value of the transaction may be deducted from the
point balance during the dispute period. Points will be posted 30 days after meeting the requirements. Ofer for new cardholders and
is subject to change without notice.

2. APR=Annual Percentage Rate. Ofer valid on non-CU SoCal balances. Amount is limited to your approved credit line. CU SoCal Topaz
Visa: 0.00% Introductory APR for 9 months from the date of each balance transfer done within the frst 90 days of account opening.
After that, the APR applicable to the transferred balance existing at that time and in the future, will immediately increase to the non-
introductory variable rate that would otherwise apply and based on your creditworthiness at the time you established your account.
The non-introductory APR may vary with the market based on the Prime Rate. Aggregate maximum unsecured loan limits (credit
card and personal loans, not to exceed $50,000). A 2% balance transfer fee will apply to each balance transfer. Loss of promotional
APR: We may end your promotional APR for balance transfers and apply the penalty APR if you make a late payment. Ofer for new
cardholders and is subject to change without notice.

Qs As Ask CU SoCal

This new pre-approval program features a
signifcantly streamlined application process.
Much of your information is carried over from
Dear CU SoCal, your Digital Banking account, leaving only CU SoCal regularly prescreens Members
I like getting pre-approved loan ofers from three quick and easy steps to complete before with Experian credit bureau to determine
CU SoCal, but I don’t like waiting for them to submitting your application. eligibility for various loans. This process is a
“soft pull” on Members’ credit profles,
arrive each quarter. Is it possible to send them CU SoCal will continue to notify Members by which has no efect on credit scores.
more frequently? email with new pre-approved auto loan
—Waiting in West Covina ofers. Clicking the application link on the One of CU SoCal’s key missions is to
email takes Members to a personalized web provide afordable credit to Southern
Dear Waiting, page where they can learn more details and California families so they can achieve their
Yes! In late summer, CU SoCal launched a new quickly apply. Clicking pre-approved ofers in dreams and goals. Continuously available
pre-approval program providing qualifed the right margin of Online Banking takes pre-approved credit ofers in Online
Members continuous ofers in Online Banking. Members to the same fulfllment page. Banking is one way we’re carrying out this
Now, if you qualify, you will see auto loan Every pre-approved ofer expires after two mission, by expanding the visibility of
pre-approvals displayed whenever you log into months. If Members requalify, they will have a pre-approved ofers and providing a faster
Online Banking. Only pre-approved continuous new ofer available in Online Banking when and easier application process.
auto loans are currently ofered in Online the old one expires. Log in to Online Banking to see what
pre-approvals may be waiting for you. If
Banking; however, personal loans and credit No action is required from Members to you haven’t registered for Online Banking,
cards will soon follow. receive continuous pre-approved loan ofers. visit CUSoCal.org to get started.

Keeping Your Eye on the Financial Ball

Ruth became a CU SoCal Member as Pomona Postal Federal Credit
part of our Pomona Postal Federal Credit Union merged with Credit Union
Union partnership. When Ruth isn’t of Southern California and I love
taking her son, an aspiring baseball star, the new change. We now have an ATM card to
to baseball games and practice, she’s access our money. And, even better, with the
enjoying the enhanced access to her app we can transfer money and have more
funds and overall experience that comes access to see our transactions and payments.
with CU SoCal Membership. I would highly recommend Credit Union of
Southern California to everyone.
When I needed help, they were just
a call away.

—Ruth of San Bernardino

New Referred Members Get $100
Cash With a Rewards Checking
Account or Funded Loan!

Becoming a CU SoCal Member is a rewarding experience! In fact, from
November 1 to December 31, 2022, new referred Members get $100
when they open a Rewards Checking Account or fund a personal or
vehicle loan.1 Plus, the referrer gets $50 cash, too. It’s a win-win!

Learn more at CUSoCal.org

1. Referrer must be a CU SoCal Member. Valid only with new Members. New Members are defned as a person 18 and older who has never been an owner of an account at CU SoCal. All new accounts will be verifed by ChexSystems®, and are subject to approval and
Membership eligibility. To qualify for the cash bonus, the referred new Member must open a checking account with a minimum monthly direct deposit of $250 within 60 days from establishing Membership. To qualify for the loan cash bonus, a personal loan or vehicle
loan must be funded within 60 days of establishing Membership. New Member is eligible for only one cash bonus per product category, but may earn multiple cash bonuses by obtaining multiple qualifed products within 60 days of establishing Membership. Cash
bonus may be subject to tax reporting, applicable 1099 may be provided for tax purposes. Ofer expires 12/31/22 and is subject to change without notice.

Board and Supervisory Saturday Seminars
Committee Nominations
Join us for complimentary Saturday seminars held
Four Board Members and two Supervisory Committee quarterly throughout the year. Attend one seminar or more
Members are up for election in 2022. Dawnna Lawrence has —everyone is welcome!
been nominated to serve a two-year term on the Board of
Directors and Gil Rodriguez, John Rosenberger, and Connie Saturday, October 8
Zappone have each been nominated to serve three-year
terms on the Board of Directors. Ed Paul and Bob Toohey Fullerton Public Library, Library Conference Center
have each been nominated to serve two-year terms on the 353 W. Commonwealth Ave.
Supervisory Committee.
USING CREDIT CARDS WISELY | 10:30-11:15 a.m.
The Nominating Committee has determined that these
volunteers are qualifed and have the necessary experience SoCal Wealth Management presents:
to serve our Membership. As a CU SoCal Member 18 years SOCIAL SECURITY STRATEGIES | 11:30 a.m.-12:30 p.m.
or older and in good standing, you are eligible to run for an Saturday, October 8
elected position. Petitions for nominations of candidates Fullerton Public Library, Library Conference Center
for these positions will also be accepted. Petitions must 353 W. Commonwealth Ave.
be submitted by Friday, January 13, 2023 to the secretary
of the credit union. A valid petition must have at least 500 There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive
signatures from CU SoCal Members, be accompanied by a outcomes.The purchase of certain securities may be required to efect some of the strategies. Investing involves risks
signed “Willingness to Serve” statement, a signed “Code of including possible loss of principle. Securities and advisory services ofered through LPL Financial (LPL), a
Ethics/Statement of Consent,” and a statement (not to exceed registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are ofered through
250 words) detailing the candidate’s qualifcations for ofce LPL or its licensed afliates. Credit Union of Southern California (CU SoCal) and SoCalWealth Management are not
and reasons for candidacy. Petition packages are available registered as a broker/dealer or investment advisor. Registered representatives of LPL ofer products and services using
upon request from the Member Care Center at 866.287.6225. SoCalWealth Management, and may also be employees of CU SoCal.These products and services are being ofered through
LPL or its afliates, which are separate entities from, and not afliates of, CU SoCal and SoCalWealth Management.
Start Building Your Credit
Not Insured by NCUA or Any Other Government Agency
It’s not too late to start building your credit! Our
Credit Builder Loan is a great way to strengthen Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value
your credit, even if you have less than optimal
credit history or no credit history at all. To get started, apply BUYING A HOME | 12:45-2:00 p.m.
online at CUSoCal.org, call 866.287.6225, or visit your REGISTER: CUSoCal.org
CU SoCal branch.
Webinars
Pico Rivera Branch Closure
BREEZING THROUGH THE HOLIDAYS
After careful consideration, we’ve decided to permanently Tuesday, October 11 | 10:30-11:30 a.m.
close our Pico Rivera branch. We encourage local Members Thursday, October 20 | 5:30-6:30 p.m.
to visit our nearby Whittier Marketplace branch, located USING CREDIT CARDS WISELY
approximately two miles away at 11749 Whittier Blvd., Tuesday, November 8 | 10:30-11:30 a.m.
Whittier. Thursday, November 17 | 5:30-6:30 p.m.
PLANNING FOR MONEY MILESTONES
CU SoCal will launch a new Tuesday, December 13 | 10:30-11:30 a.m.
website later this year. Stay Thursday, December 22 | 5:30-6:30 p.m.
tuned for an improved web REGISTER: CUSoCal.org
experience!
College Funds Giveaway!

In honor of International Credit Union Day October 20, we are giving
away $500 in college funds to 40 random Members! Any new Member
aged 13-21 who opens a Classic Checking Account during the month
of October will be automatically entered for a chance to win $500 in
college funds. Visit CUSoCal.org for more information.

College fund giveaway will run from October 1-31, 2022 and is open to new Members aged 13-21. Any accounts opened for minors (aged
13-17) must be opened in person by a parent or legal guardian. Forty $500 college fund winners will be selected by random drawing from
all the entries. Odds of winning depend on number of entries. One entry per member. No purchase necessary. To enter without opening
an account, mail a postcard to CU SoCal Financial Futures, P.O. Box 76000, Anaheim, CA 92809. Include your name and phone number. The
following must be written on the card“I agree to the rules of the Financial Futures Giveaway and my child has my permission to participate
in the sweepstakes.”The name of the parent or legal guardian must be printed, signed, and dated. Prize may be subject to tax reporting,
applicable 1099 may be sent for tax purposes. Employees of CU SoCal and their immediate family members are not eligible. Winners agree
to let CU SoCal use their name and likeness in future marketing. Funds will be deposited into Member’s checking or savings account by
November 30, 2022. Ofer subject to change without notice.

Contact Us HOLIDAY CLOSURES
Thanksgiving
Member Care Center 866 CU SoCal (866.287.6225) Christmas Day (Observed) November 25-26
Monday-Friday 9 a.m.–6 p.m. December 26
Saturday 9 a.m.–1 p.m.
Website CUSoCal.org GROWING TO SERVE YOU BETTER Federally insured by NCUA
Members....................................132,506
Email [email protected] Loans............................ $1,358,463,694
Find ATMs Text zip code to 91989 Assets........................... $2,396,767,912
Find Branches Visit CUSoCal.org FINANCIAL HIGHLIGHTS as of August 31, 2022.