31176_WinterNewsletter_1122r7Web

CU Connection

SoCal A Publication for Members of Credit Union of Southern California
Winter 2023

INSIDE: 866.287.6225 | CUSoCal.org

§ Message From Our President/CEO
§ Savings Accounts for Every Saver
§ Limited-Time 5% Certifcate Special
§ A Great Resource to Level Up Your Budgeting
§ How to Earn 30,000 CU SoCal Dream Points
§ Annual Meeting
§ Financial Education Resources

New Year, Savings
New Opportunities Accounts for
Every Saver
The start of a new year is a great time to review
your finances to ensure you’re getting the most No matter what your savings plan is, CU SoCal has a variety of options
from your well-earned money. With expenses on the to match your fnancial goals for the short and long term.
rise, you might be looking for ways to stretch your
hard-earned dollar. Or, you may be looking for a safe Money Market Savings Accounts have the highest
place to earn more from your nest egg. Wherever possible dividend rates for liquid savings accounts.
you are in life and whatever financial goals you have, Share Certifcates earn the highest interest rate of any
now is the perfect time to consider opportunities to CU SoCal Savings option. And now is a great time to open a
save and earn more. Share Certifcate. For a limited time, you can get 5.00% APY1
on a 5-month certifcate.
As a not-for-profit financial cooperative, CU SoCal A Share Savings Account comes with your CU SoCal
returns profits to you through lower rates on loans, Membership, and with it you can open up to 10 sub-savings
higher rates on deposits, and with a full suite of accounts to align with your specifc fnancial needs.
banking services to save you time and money. Seasonal Savers Accounts ofer a higher dividend rate
Now is a great time to review your savings, debt, than a Share Savings Account, which makes them great
and spending habits to ensure they support your options to save for those holiday happenings or preserve
financial goals. Perhaps you’re paying too much cash for summer getaways.
in credit card interest. Maybe you can lower your
monthly expenses with a better auto loan rate. Or, Limited-Time
maybe you can tighten your budget or set aside
additional savings with a higher deposit rate than 5.00Certifcate Ofer
you’re getting from another financial institution. %
With CU SoCal’s competitive loan rates, SOAR money APY1
market account, and great certificate promotions,
we can help turn wishing and waiting into doing ON A 5-MONTH
and achieving. CERTIFICATE

The new year is also a great time to thank you You work hard for your money,
for trusting us with your business and for your and your money should work
referrals to family and friends. We’re grateful for the hard for you. Get 5.00% APY1 on
opportunity to be of service. Thank you for your a 5-Month certifcate and start
continued loyalty. We wish you a safe, happy, and earning more from your nest egg.
financially healthy new year.
$1,000 MINIMUM NEW FUNDS OFFER EXPIRES
Sincerely, DEPOSIT ONLY FEBRUARY 28, 2023

Dave Gunderson It's Never too Late to Save!
President/CEO
If you’d like to start building up your savings with any
of these accounts, visit www.CUSoCal.org, stop by
your local CU SoCal branch, or call 866.287.6225.

1. APY=Annual Percentage Yield. Minimum balance to open is $1,000. Maximum up to $50,000 for new Member online applications.
Additional deposits are allowed through February 28, 2023. Deposits cannot originate from a CU SoCal account. 90-day interest penalty
will be imposed for early withdrawals. Must be a CU SoCal Member. Ofer and rate valid as of December 15, 2022 – February 28, 2023.
Your 5-Month Promotional Certifcate Account will convert to a Soar Money Market Account upon maturity. Our Soar Money Market
Accounts allow you to continue earning a competitive rate on your higher balance savings. Deposits made to the promotional certifcate
through electronic transfer (ACH) originating to Credit Union of Southern California will not be available for withdrawal for 60 days from
the date of deposit. You may make additional deposits by calling our Member Care Center or visiting one of our branch locations. Ofer is
subject to change without notice.

Qs As Ask CU SoCal

Dear CU SoCal,

Can you suggest a tool that will help me set a picture of your spending, you can also use
budget and save more money? account linking to connect all of your bank
accounts—even non-CU SoCal accounts—to
—Anxious in Anaheim CU SoCal’s Financial Wellness tools. Your Now you can determine if you are

Dear Anxious: transactions are automatically categorized overspending in certain areas, such as
each month and displayed in a circular chart restaurants or shopping, and set a budget for
Yes. We have the perfect tool for achieving showing your total expenditures. This tool each category. The amount remaining from
budgeting and savings goals. It’s available free maintains an archive of your past your paycheck is what you can save each
to all Members in our Online and Mobile expenditures by month. month.
Banking platforms. In Online Banking, the tool
is called “Track Spending and Goals” under the Your spending is separated into diferent Once you have "right sized" your spending
“Financial Wellness” drop down menu. In Mobile categories, such as insurance, gas, and and set your ofcial budget, use the
Banking, it’s called “Financial Wellness” and is healthcare. If a transaction is mislabeled (such “Transfer” feature to automatically deposit
under the “More” link. as “restaurant” rather than “groceries”), simply your surplus funds from each paycheck.
edit the transaction category. The system will Then, sit back and watch your savings grow.
This powerful tool tracks all transactions from remember the category for future
your CU SoCal accounts, whether they occurred transactions. You can also create a custom —Your friends at CU SoCal

online, with a debit or credit card, by check, in a category if none of the default categories in
branch, or by ATM. For a more comprehensive the system apply to your expenditure.

Credit Builder: A Success Story

“When I opened my Credit Builder Loan at CU SoCal, my credit score was
non-existent because I had not borrowed money before. I used Credit Score
and More on the CU SoCal Mobile Banking App to monitor my credit score
as I made payments. My newly-established credit score rose steadily each month,
and when I made all my payments after a year, my score was 670! I was amazed. In
the course of that year, I learned a lot about managing money from watching online
courses and videos on the Financial Guidance page on the CU SoCal website. The
blog posts on the site are also so detailed and helpful.”

—Madeleine T.

CU SoCal Platinum Rewards Visa®

Want to Earn 30,000
CU SoCal Dream Points?

When you spend $4,000 in the frst six months after
activating your Platinum Rewards Visa Credit Card,
you’ll get 30,000 Dream Points, redeemable for $300
cash.1 Platinum Rewards cardholders also enjoy a low
rate, no annual fee, contactless payments, and more!

Learn more at CUSoCal.org

1. Qualifying transactions of $4,000 or more made within 6 months following the account opening will earn 30,000 bonus points. 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 subject to change without notice.

Annual Meeting Seminars

Members 12 years and older Join us for complimentary seminars and webinars held
are invited to join us for light throughout the year. Everyone is welcome!
refreshments while hearing
credit union highlights from our Saturday, January 28
President/CEO.
Pomona Public Library
Tuesday, March 28 at 4 p.m. 625 S. Garey Ave.
Brea Community Center, 695 E. Madison Way
Credit Card Makeover–Getting Out of Debt (English)
RSVP by March 21 11 a.m.-12 p.m.
Credit Card Makeover–Getting Out of Debt (Spanish)
Visit CUSoCal.org, email [email protected], call 562.365.1882 12-1 p.m.
or 866.287.6225.

Congrats to ICU Day Winners! REGISTER: CUSoCal.org

In honor of ICU Day, we gave away $500 to forty lucky Webinars
winners—$20,000 total! Winners were selected from a pool
of new Members, age 13-21, who signed up for a CU SoCal BASICS OF PERSONAL FINANCE
Checking Account. Congratulations and thank you for Tuesday, January 10 | 10:30 a.m.
your Membership! Thursday, January 19 | 5:30 p.m.

The Power of Equity USING CREDIT CARDS WISELY
Tuesday, February 14 | 10:30 a.m.
Need to consolidate debt? Looking to Thursday, February 23 | 5:30 p.m.
tap into your home’s equity potential? Or
maybe it’s just time for the room addition CREDIT CARD MAKEOVER–GETTING OUT OF DEBT
you have always wanted? Now is a great Wednesday, February 22 | 6-7 p.m.
time to make the equity in your home
work for you! Call 800.249.2328 or email UNDERSTANDING CREDIT
[email protected] today to connect with a Tuesday, March 14 | 10:30 a.m.
Home Equity Loan Specialist. Thursday, March 23 | 5:30 p.m.

Coming soon! TO REGISTER OR VIEW MORE INFORMATION &
Look for an updated RESOURCES: CUSoCal.org
website in January!

Contact Us HOLIDAY CLOSURES
New Year’s Day (Observed)
Member Care Center 866 CU SoCal (866.287.6225) Martin Luther King Day January 2
Monday-Friday 9 a.m.–6 p.m. President’s Day January 16
Saturday 9 a.m.–1 p.m. February 20
Federally insured by NCUA
Website CUSoCal.org
Email [email protected] GROWING TO SERVE YOU BETTER
Find ATMs Text zip code to 91989 Members....................................143,080
Find Branches Visit CUSoCal.org Loans............................ $1,513,130,135
Assets........................... $2,491,399,754
FINANCIAL HIGHLIGHTS as of November 30, 2022.