Q4_Newsletter_Web_2021

CU Connection

SoCal A Publication for Members of Credit Union of Southern California
Fall 2021

INSIDE: Sharon
Member since 1986
§ Message From Our President/CEO
§ Unlock Funds With A HELOC 866.287.6225 | CUSoCal.org
§ Benefts of Digital Wallets
§ Save Big With A CU SoCal Topaz Visa® Credit Card
§ Board & Supervisory Committee Nominations
§ Webinars & Saturday Seminars

Benefting You. Limited Time Ofer:
It’s What We Do. 1.77%1 APR On A HELOC

Credit Union of Southern California (CU SoCal) is a different (Regularly 4.00% APR1)
kind of financial institution: one owned by you, working for
you. We’re proud to be your financial cooperative dedicated Have you been putting of home renovations because
to providing Members not only with affordable banking you don’t have the funds you need? A Home Equity Line
services, but the tools, expert advice, and trusted resources of Credit (HELOC) might be your solution. With a HELOC,
needed for you to take control of your financial future. The you can unlock a portion of your home’s equity and use it
bottom line? We’re in the business to help people, not profit as a funding source to achieve your goals. And, right now
from them. is a great time to apply! Through October 31, CU SoCal is
ofering a low 1.77% APR for the frst 12 months.
CU SoCal seeks solutions to help you make the most of
your money. Whether you’re opening your first checking What is a HELOC?
account, getting ready to buy your first home, or seeking A HELOC is a variable-rate line of credit secured
to build a dependable retirement plan, we’re here to help by the equity in your home. It’s a popular source
with expert guidance and affordable options. In addition to of funding for Members pursuing home renovations and
serving your basic banking needs, we can help you find an upgrades, but you can use the funds for whatever you
affordable vehicle through our auto buying partner, save want, such as family vacations, college tuition, or debt
you money on your home purchase through our Home consolidation. Depending on your home’s equity, as much
Rewards program, and reduce your payments and improve as $250,000 can be unlocked. Access to your HELOC is easy
your cash flow by refinancing your high-interest loans and through Digital Banking transfers or by check.
credit cards.
Why Choose a HELOC?
Still, we find many Members don’t realize the full value of There are many advantages to a HELOC. For
their credit union Membership and just how much money starters, you can tap up to $250,000 at an 80%
CU SoCal can save them. As a cooperative, our profits are Combined Loan to Value Ratio. Since HELOCs are a line of
returned to Members in the form of better rates, lower (and credit, you only borrow what you need, thus keeping your
fewer) fees, and greater convenience. I hope you consider payments low. The interest from your HELOC may be tax
CU SoCal first for all your financial needs and recommend deductible. If raising your credit score is your goal, a HELOC
us to your family and friends. You might be surprised how can be a great opportunity to improve your credit wellness.
much you can save. You can even refnance your current HELOC from another
fnancial institution.
Thank you for your continued support and partnership. Limited-Time HELOC Ofer
We’re honored to serve you. Now through October 31, 2021, CU SoCal is
ofering an incredibly low 1.77% APR for the frst
Sincerely, 12 months on a HELOC. After the frst year, the rate is the
prime rate plus a margin, and cannot go below the foor
Dave Gunderson rate of 4.00%. Learn more about this limited-time ofer by
President/CEO visiting www.CUSoCal.org/177HELOC.

1. APR=Annual Percentage Rate. Ofer available only for new CU SoCal HELOCs or
refnanced HELOC from outside lender. The introductory discounted rate 1.77% APR
(intro rate) is fxed for the frst 12 months (365 days). After that, the rate will adjust to
the current index rate plus the applicable Margin, which will not go below the foor
rate of 4.00%. The index for our HELOC is prime rate. Maximum rate is 16% APR. The
promotional rate is not based on the index plus the applicable Margin. Intro 1.77% APR
is available on one property and does not apply to subsequent credit limit increases
or refnances. Minimum required monthly payment is $100. A minimum $10,000
immediate draw is required upon opening. Minimum credit line amount to obtain
promotional rate is $25,000. Combined loan to value (LTV) not to exceed 80% of the
appraised property value. Maximum loan amount is subject to credit qualifcation
and appraised property value. HELOC is only available on owner-occupied California
properties including single-family residences, condominium and two-, three-, or four-
unit properties. Properties with construction work in progress may not be eligible.
Borrower responsible for payment of property taxes and homeowners insurance. Fees
may be required for a condominium certifcation, multi-unit property appraisal and
changes to title holder. Promotional rate is efective 9/1/21 and is subject to change
without notice. Ofer expires 10/31/21. NMLS#454788

Qs As ASK CU SoCal

Dear CU SoCal, your CU SoCal Topaz Visa Credit Card, With digital wallets, you can purchase that
I’ve heard a little about digital wallets. Platinum Rewards Visa Credit Card, and your cup of cofee with your smartphone or
How can they create value for me? Visa Debit Card—on your mobile devices order those shoes you’ve been keeping in
Smartphone Steve and access them for mobile, desktop, or your online shopping cart on your tablet.
Dear Steve, in-store purchases. Plus, you can still earn Keep in mind, Apple Pay, Samsung Pay,
Digital wallets, like Google Pay™, are Dream Points through digital wallet and Google Pay are only available through
accessible through any compatible purchases. participating merchants.
mobile device, including smartphones, CU SoCal ofers the following digital wallets: CU SoCal Digital Wallets allow you to
smartwatches, and tablets, and allow you elevate your personal money
to safely store your CU SoCal Visa® Debit Another great beneft of digital wallets is management, add multiple cards to one
or Credit Card payment information for you can add multiple cards. Apple PayTM device, and access your CU SoCal funds on
fast and secure contactless purchases. If allows you to add up to 12 cards, Samsung the go!
you’re already enjoying the speed and PayTM allows 10 cards, and Google Pay has For more information on digital wallets
convenience of CU SoCal Digital Banking, no limit on cards. and how to add your payment
adding a digital wallet to the mix is an information to your mobile device, visit
ideal way to take your personal money CUSoCal.org/DigitalWallets.
management to the next level! —Your friends at CU SoCal
With digital wallets, you can easily store
all of your CU SoCal cards—including

In It For The Long Run we needed additional help, they graciously
postponed car payments until we were in a
Sharon opened an account at the Whittier better fnancial situation.
Greenleaf branch in 1986, and has been a
Member ever since. No matter the task, large or small, CU SoCal
always attends to my banking needs. Once
“CU SoCal has been with me throughout you experience that type of community, those
my entire fnancial journey. They walked relationships you’ve built, you don’t want to
me through the seasons of my life. The leave that behind for a less personal fnancial
credit union has been with me since my institution.”
frst checkbook, my frst Visa®, through car
loans, and even up to the pandemic. When —Sharon of Yorba Linda

CU SoCal Topaz Visa® Card

Get 0% APR On Balance Transfers
For 9 Months

• Starting November 1, get 0% promo APR on
balance transfers for 9 months1

• Generous credit limits up to $50,000.
• No annual fee
• Low balance transfer fee of 2%
• Make balance transfers online
Learn more at CUSoCal.org/CreditCard

1. 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. 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 expires February 28, 2022 and is subject to change.

Board and Supervisory Webinars
Committee Nominations
PSYCHOLOGY OF SPENDING
Three Board Members and three Supervisory Committee Saturday, October 9 | 10:30-11:15 a.m.
Members are up for election in 2022. Elizabeth Camp, Paul
Moore, and John C. Smith have each been nominated to SoCal Wealth Management presents:
serve three-year terms on the Board of Directors. Greg SOCIAL SECURITY STRATEGIES
Kelley, Judy Miller, and David Yamashita have each been Saturday, October 9 | 11:30 a.m.-12:30 p.m.
nominated to serve two-year terms on the Supervisory
Committee. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield
positive outcomes.The purchase of certain securities may be required to efect some of the strategies.
The Nominating Committee has determined that these Investing involves risks including possible loss of principle. Securities and advisory services ofered
volunteers are qualifed and have the necessary experience through LPL Financial (LPL), a registered investment advisor and broker-dealer (member
to serve our Membership. As a CU SoCal Member 18 years FINRA/SIPC). Insurance products are ofered through LPL or its licensed afliates. Credit Union of Southern
or older and in good standing, you are eligible to run for an California (CU SoCal) and SoCalWealth Management are not registered as a broker/dealer or investment
elected position. Petitions for nominations of candidates advisor. Registered representatives of LPL ofer products and services using SoCalWealth Management,
for these positions will also be accepted. Petitions must and may also be employees of CU SoCal.These products and services are being ofered through LPL or its
be submitted by Friday, January 14, 2022 to the secretary afliates, which are separate entities from, and not afliates of, CU SoCal and SoCalWealth Management.
of the credit union. A valid petition must have at least 500
signatures from CU SoCal Members, be accompanied by Not Insured by NCUA or Any Other Govenment Agency
a signed “Willingness to Serve” statement, a signed “Code
of Ethics/Statement of Consent,” and a statement (not to Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value
exceed 250 words) detailing the candidate’s qualifcations
for ofce and reasons for candidacy. Petition packages are BUYING A HOME
available upon request from the Member Care Center at Saturday, October 9 | 12:45-2 p.m.
866.287.6225.
USING CREDIT CARDS WISELY
Monitor Your Credit Wellness Tuesday, October 12 | 10:30-11:30 a.m.
Thursday, October 21 | 5:30-6:30 p.m.
Credit Score and More provides convenient access to your
credit score and report, special lending ofers, and credit REBUILDING AFTER A FINANCIAL CRISIS
alerts. Click on the Credit Score and More widget in Mobile Tuesday, November 9 | 10:30-11:30 a.m.
or Online banking to get started! Thursday, November 18 | 5:30-6:30 p.m.

Did You Know? 10 STEPS TO FINANCIAL SUCCESS
Tuesday, December 7 | 10:30-11:30 a.m.
You can avoid Courtesy Pay fees by having funds frst Thursday, December 16 | 5:30-6:30 p.m.
pulled from a designated savings account and/or line of
credit? Call 866.287.6225, visit CUSocal.org, or stop by your REGISTER:
nearest CU SoCal branch to learn more. CUSoCal.org/Webinars

FOR MORE INFORMATION & RESOURCES:
CUSoCal.org/Learn/Financial-Guidance

Share Your Stories!

To celebrate International Credit Union Day October 21, we are inviting
Members to share stories of how a credit union (CU SoCal or any other
credit union) helped them build a better tomorrow. There will be 10
winners of $500 each for the best stories, but you also have to follow
us on social media! You can participate in this promotion through
October by visiting CUSoCal.org/BetterTomorrow.

You must be age 18 or older to enter. Members who submit their story before October 31, 2021 and
follow us on at least one social media platform will automatically be entered to win. Ten $500 cash
winners will be selected by random drawing from all entries. Odds of winning depend on number
of entries. No purchase necessary. Prize may be subject to tax reporting, applicable 1099 may be
sent for tax purposes. To enter without making a purchase, mail a postcard to CU SoCal Share Your
Story Drawing, P.O. Box 200 Whittier, CA 90608-0200. Include your name and phone number. Each
postcard counts as one entry, you may enter as many times as you wish. Employees of CU SoCal and
their immediate family members are not eligible. Funds will be deposited into Member’s checking
or savings account by November 30, 2021. Ofer subject to change without notice.

Contact Us

Member Care Center 866 CU SoCal (866.287.6225) HOLIDAY CLOSURES
Thanksgiving November 26-27
Monday-Friday 9 a.m.–6 p.m. Christmas Eve December 24 (closed at 1 p.m.)
Saturday 9 a.m.–1 p.m.
Phone Banking 562.945.2214 Christmas December 25
New Year’s Eve December 31 (closed at 1 p.m.)
800.249.2328 toll-free
Website CUSoCal.org Federally insured by NCUA
GROWING TO SERVE YOU BETTER
Email [email protected] Members....................................127,980
Find ATMs Text location to 91989 Loans............................ $1,184,487,036
Assets........................... $2,236,251,550
FINANCIAL HIGHLIGHTS as of August 31, 2021.