Thursday, December 29, 2011
Introducing...anytimeMobile (Mobile Banking)!
You'll love our new FREE app for your iPhone or Android. Check Balances, View Transactions, Transfer Funds, Pay Bills/Loans, Find ATM and Branch Locations and more!!! Search for LA Financial Credit Union at your App Store to get your FREE App Today!!
Friday, December 16, 2011
VISA London 2012 Olympic Games Sweepstakes
LA Financial has enrolled in a Visa sweepstakes being offered by PSCU. Our Debit and Credit cardholders will have a chance to win a trip to the 2012 Olympic Games which will be held in London.
The winner will win the following:
• 4 day, 3 night trip for 2 to the London 2012 Olympic Games
• Roundtrip airfare and local transportation for 2
• Four-star hotel accommodations including daily breakfast
• Tickets to London 2012 Olympic sport events
The sweepstakes will run from February 1 through April 30, 2012. Cardholders will have a chance to win this trip by simply signing for a transaction during this time frame. PIN purchases do not qualify.
The winner will win the following:
• 4 day, 3 night trip for 2 to the London 2012 Olympic Games
• Roundtrip airfare and local transportation for 2
• Four-star hotel accommodations including daily breakfast
• Tickets to London 2012 Olympic sport events
The sweepstakes will run from February 1 through April 30, 2012. Cardholders will have a chance to win this trip by simply signing for a transaction during this time frame. PIN purchases do not qualify.
Tuesday, November 1, 2011
Get $123 + $75 for a total of $198... and Your New-Car Dreams Off The Ground
With rates as low as 3.00% – on new or used autos, trucks and motorcycles, with terms up to 60 months, a $123 rebate + $75 in celebration of our upcoming 75th Anniversary for a total of $198,** and the option of pre-approval – you’re good to go!
Just how easy is it to get behind the wheel of a new or new-to-you car, truck, or motorcycle – and pocket an extra $123 + $75 for a total of $198 while you’re at it? Three steps – count ‘em 123 – is all it takes:
- Apply online or by phone to get pre-approved so you know how much you can afford
- Pick out your vehicle and bring us a purchase order from a dealer or private party.
- Get a $123 + $75 for a total of $198 REBATE when your loan is funded!
Not ready for a new car? No Worries!! You can get the same low rate and $123 + $75 for a total of $198 rebate when you refinance your existing car that is currently with another lender and bring the financing to us**
So dream big. Or mid-sized. Or compact. And count on LA Financial to make it real.
* APR= Annual Percentage Rate ** To qualify for 1-2-3 promotion, member must be pre-approved before visiting any dealership and loan must be funded directly with LA Financial Credit Union. Cannot be used to refinance existing LA Financial/HCCU loans. If loan is repaid prior to six months, the $198 rebate will be reversed. Limited time offer. Subject to change without notice.
**123 promotion is not available when you refinance a car already financed by LA Financial or Havasu Community Credit Union
Based on 100% of purchase price plus tax and license on dealer purchase. Private party purchase requires DMV paperwork and 100% retail Kelley Blue Book price. Available on approved credit. Must qualify for loan under LA Financial CU guidelines, including age and value of auto. Annual Percentage Rate (APR) may vary according to length of term, age of vehicle and your credit worthiness. As low as 3.00% APRfor 60 months on new or used autos, light trucks, and motorcycles includes 0.25% reduction for automatic payment and 0.25% reduction for Direct Deposit/Payroll Deduction. Based on 100% of purchase price for new cars; 100% of Kelley Blue Book retail price for used cars. Private party purchase requires DMV paperwork and 100% of Kelley Blue Book price. Representative monthly payment for each $1,000 borrowed at 3.00% for 60 months = $17.97 APR. LA Financial Credit Union is an Equal Opportunity Lender.
Monday, October 31, 2011
Thinking of breaking up with your big bank? You're not alone.
By E. Scott Reckard, Los Angeles Times
October 30, 2011
Thinking of breaking up with your big bank? You're not alone.
Bank of America's recent move to slap customers with a $5 monthly fee to use their debit cards has unleashed a torrent of ill will against the nation's financial giants. Fed up with enriching executives and shareholders, some account holders are vowing to shift their business to smaller banks or neighborhood credit unions.
But before you march down to your branch to close your account, take a deep breath. Switching in haste could cost you if you skip the fine print or don't understand your own financial habits. Friendly teller service doesn't matter if what you really need is a nationwide ATM network. Free checking is fabulous, but not if it comes with a lot of strings.
Breaking up is easy. Finding a financial partnership that's more satisfying could prove trickier. Like any relationship, deciding whether to stay or to go requires some careful thinking.
"You have to do homework. You have to ask questions. It's going to take some time," said Norma Garcia, a senior attorney for Consumers Union. "But it's time worth spending if you wind up with a bank that treats you like you want to be treated."
Know what you've got
It may sound obvious, but first check out your own bank statement or head to your bank's website. A lot of consumers have no idea what they're paying for, according to Rob Kaplan-Sherman, president of the services division at Research Intelligence Group, a Fort Washington, Penn., market research firm.
Pew Charitable Trusts analyzed 265 different checking programs offered by the 10 biggest U.S. banks and found 49 types of fees in all. Those included overdraft-protection charges that averaged $35 per transaction, as well as bounced-check penalties, ATM charges, copying fees and charges to deposit large amounts of coins. At least one bank said it would deduct fees to cover the cost of its expenses in legal disputes — regardless of the outcome.
Most consumers have to worry about only a handful of those. But it's worth printing them out so you can shop around. The most likely things to consider are: monthly account fees, fees for using ATMs, fees for using debit cards and fees for overdraft protection or for covering overdrafts from a linked savings account.
Of course, fees are only part of a banking relationship. Many customers have multiple bank accounts, direct deposit, automatic bill payments and a mortgage or other loans with their institutions.
Multiple services tend to bind consumers to their banks — a term known as "stickiness" — especially if they have set up automatic payments or deposits. It will take some work to undo them at one bank and set them up at another. So be prepared for some hassle.
Consider other things you might need. Maybe it's an auto loan — something that a lot of business-oriented community banks don't provide. Or maybe it's the huge ATM networks available from the major banks. If the latter is important to you, be sure to find out whether the small bank or credit union you're considering belongs to a cooperative ATM network, which could give you access to thousands of fee-free ATMs.
Small institutions pride themselves on personal service. But maybe you do all your banking online, which makes you a candidate for Internet banks.
You'll also want to ask whether the bank plans to start charging for use of its debit cards, which have overtaken checks as the preferred method of accessing money in bank accounts. Following the outcry over BofA's new fee, which kicks in next year, JPMorgan Chase & Co., Citigroup Inc. and some other big banks have said they'll steer clear of that charge for now. But many large institutions haven't made that pledge, so it's worth being vigilant.
"Consumers are tightening their belts," Kaplan-Sherman said. "When they hear that a free tool they have become very dependent on is going to start generating a charge, it raises a question: Should they change their behavior at the bank they have, or change banks?"
Love the one you're with?
Unwinding a banking relationship can be complicated.
Assuming you're not already hopelessly estranged, you might find it easier to stick with your bank and still avoid fees by changing your behavior, Consumers Union's Garcia said.
For example, you might be miffed about Bank of America's upcoming debit-card charge. But you can avoid paying it by not making any debit purchases (use of the bank's ATMs remains free).
BofA is also phasing in an $8.95 monthly charge for basic checking that once was free with direct deposit of paychecks. But you can avoid the fee by depositing $2,000 a month, maintaining a balance totaling $5,000 in linked accounts, or using a linked Bank of America credit card at least once a month. Or, if you're comfortable with making all your deposits and withdrawals over the Internet, via mobile banking or at an ATM, you can opt for BofA's online-only free checking.
Another important consideration is overdraft protection.
Under revised regulations, banks need customers' permission to cover debit and ATM overdrafts at up to $35 a pop. Many customers have opted in, but most advocates say it's better not to. Instead, ask about cheaper alternatives such as having a linked savings account or credit line to cover balance-busting debits.
Here's another basic rule: The more products and services you use, the more valuable you are as a customer — and the more likely it is the bank has an interest in making you happy.
Chase, for example, charges $10 a month for basic checking. But it lets you off the hook for that fee if you directly deposit $500 a month, maintain a minimum daily checking balance of $1,500 or have a total of $5,000 in linked accounts.
Choosing a new partner
If you've simply had enough of your big bank, it's time to consider other options: Internet banks, smaller community and regional banks, and not-for-profit credit unions.
Internet banks like ING Direct, Ally Bank and State Farm Bank may be a no-brainer for those already accustomed to doing much of their research and shopping online.
These banks have lower costs because they don't have physical branches. Their free accounts even may include perks like covering ATM fees for customers with direct deposit.
But if you want to talk face to face with someone about a home loan or investments, or when you're confused about a service or a charge, they're not the place for you.
Credit unions, by contrast, are set up for such hands-on service at a low cost. Owned by members who are linked by jobs or geography, their core focus is on consumer accounts, although some these days are doing more small-business lending.
The broadening of criteria for membership has made credit unions available to nearly anyone. Southern California's largest include SchoolsFirst Federal of Santa Ana, open to all school and college workers; and Pasadena's Wescom, which is available to anyone who lives or works in Los Angeles, Orange, Riverside, San Bernardino, Ventura, San Diego or Santa Barbara counties.
To get around the limited number of branches and ATMs at credit unions, check whether they belong to the Co-op Network, which entitles members to withdraw funds without charge at more than 28,000 ATMs in the U.S. and Canada. Smartphone apps and text-message programs have made it far easier to find these ATMs than in the past, in case you find yourself needing cash in an unfamiliar place.
You can find a credit union near you at http://www.asmarterchoice.org.
Community banks can be a little trickier, since many of them are focused on small businesses and not consumers. You can try online screening services like http://www.findabetterbank.com, but it may be better to check the websites of candidates in your area: The first thing you see on Fullerton Community Bank's site, for example, are promotions for "totally free checking."
Or just walk in and talk to the bankers — something community banks say they make it easy to do. If they say they have free checking, make sure to ask whether there's a minimum balance you must maintain.
And these days, just keep your eyes and ears open: Plenty of small banks and credit unions are angling for your attention. LA Financial Credit Union, which is open to any L.A. County resident, says its new member applications jumped tenfold after it began advertising no-minimum free checking and debit cards, along with a "break up with my bank" website. The credit union has advertised the campaign heavily in recent weeks (including in the Los Angeles Times).
San Diego County's PacTrust Bank, which has promoted free checking and fee-free debit cards, plans to stay open late Saturday, Nov. 5, which is what a national Internet campaign has targeted as Bank Transfer Day. The community bank says it will pay $60 — the annual amount Bank of America plans to charge debit-card users — to people who open certain accounts on that day.
Making the switch
Once you've picked a new institution, don't immediately sever your ties with your old bank. You'll need a transition period to make sure direct deposit, automatic bill payment and other services transfer smoothly. Be aware that some banks charge you to close accounts, especially those that have been open only a short time.
Consumers Union offers a host of tips on the website DefendYourDollars.org. Here's a condensed version.
• Open your new checking account with a small deposit.
• List all automatic payments and deposits at your old checking account.
• Ask your employer to reroute any direct-deposited paychecks to your new account.
• Once you know when your direct deposits will transfer, reschedule each automatic payment or debit to come out of your new account.
• Leave some cash in your old account for at least a month to ensure payment should you happen to forget something.
• When you're certain all automatic payments and deposits are switched over, electronically transfer the final funds from your old account to the new one. Your new bank or credit union can help you with this.
• Once the transfer clears, follow the procedures for closing an account at your old financial institution. And make sure to obtain written confirmation that your old bank indeed has closed out that account.
That will help send a farewell message as you depart, says Garcia of Consumers Union: "We're not just a bank account number. We're real people who respond to how we're treated."
scott.reckard@latimes.com
October 30, 2011
Bank of America's recent move to slap customers with a $5 monthly fee to use their debit cards has unleashed a torrent of ill will against the nation's financial giants. Fed up with enriching executives and shareholders, some account holders are vowing to shift their business to smaller banks or neighborhood credit unions.
But before you march down to your branch to close your account, take a deep breath. Switching in haste could cost you if you skip the fine print or don't understand your own financial habits. Friendly teller service doesn't matter if what you really need is a nationwide ATM network. Free checking is fabulous, but not if it comes with a lot of strings.
Breaking up is easy. Finding a financial partnership that's more satisfying could prove trickier. Like any relationship, deciding whether to stay or to go requires some careful thinking.
"You have to do homework. You have to ask questions. It's going to take some time," said Norma Garcia, a senior attorney for Consumers Union. "But it's time worth spending if you wind up with a bank that treats you like you want to be treated."
Know what you've got
It may sound obvious, but first check out your own bank statement or head to your bank's website. A lot of consumers have no idea what they're paying for, according to Rob Kaplan-Sherman, president of the services division at Research Intelligence Group, a Fort Washington, Penn., market research firm.
Pew Charitable Trusts analyzed 265 different checking programs offered by the 10 biggest U.S. banks and found 49 types of fees in all. Those included overdraft-protection charges that averaged $35 per transaction, as well as bounced-check penalties, ATM charges, copying fees and charges to deposit large amounts of coins. At least one bank said it would deduct fees to cover the cost of its expenses in legal disputes — regardless of the outcome.
Most consumers have to worry about only a handful of those. But it's worth printing them out so you can shop around. The most likely things to consider are: monthly account fees, fees for using ATMs, fees for using debit cards and fees for overdraft protection or for covering overdrafts from a linked savings account.
Of course, fees are only part of a banking relationship. Many customers have multiple bank accounts, direct deposit, automatic bill payments and a mortgage or other loans with their institutions.
Multiple services tend to bind consumers to their banks — a term known as "stickiness" — especially if they have set up automatic payments or deposits. It will take some work to undo them at one bank and set them up at another. So be prepared for some hassle.
Consider other things you might need. Maybe it's an auto loan — something that a lot of business-oriented community banks don't provide. Or maybe it's the huge ATM networks available from the major banks. If the latter is important to you, be sure to find out whether the small bank or credit union you're considering belongs to a cooperative ATM network, which could give you access to thousands of fee-free ATMs.
Small institutions pride themselves on personal service. But maybe you do all your banking online, which makes you a candidate for Internet banks.
You'll also want to ask whether the bank plans to start charging for use of its debit cards, which have overtaken checks as the preferred method of accessing money in bank accounts. Following the outcry over BofA's new fee, which kicks in next year, JPMorgan Chase & Co., Citigroup Inc. and some other big banks have said they'll steer clear of that charge for now. But many large institutions haven't made that pledge, so it's worth being vigilant.
"Consumers are tightening their belts," Kaplan-Sherman said. "When they hear that a free tool they have become very dependent on is going to start generating a charge, it raises a question: Should they change their behavior at the bank they have, or change banks?"
Love the one you're with?
Unwinding a banking relationship can be complicated.
Assuming you're not already hopelessly estranged, you might find it easier to stick with your bank and still avoid fees by changing your behavior, Consumers Union's Garcia said.
For example, you might be miffed about Bank of America's upcoming debit-card charge. But you can avoid paying it by not making any debit purchases (use of the bank's ATMs remains free).
BofA is also phasing in an $8.95 monthly charge for basic checking that once was free with direct deposit of paychecks. But you can avoid the fee by depositing $2,000 a month, maintaining a balance totaling $5,000 in linked accounts, or using a linked Bank of America credit card at least once a month. Or, if you're comfortable with making all your deposits and withdrawals over the Internet, via mobile banking or at an ATM, you can opt for BofA's online-only free checking.
Another important consideration is overdraft protection.
Under revised regulations, banks need customers' permission to cover debit and ATM overdrafts at up to $35 a pop. Many customers have opted in, but most advocates say it's better not to. Instead, ask about cheaper alternatives such as having a linked savings account or credit line to cover balance-busting debits.
Here's another basic rule: The more products and services you use, the more valuable you are as a customer — and the more likely it is the bank has an interest in making you happy.
Chase, for example, charges $10 a month for basic checking. But it lets you off the hook for that fee if you directly deposit $500 a month, maintain a minimum daily checking balance of $1,500 or have a total of $5,000 in linked accounts.
Choosing a new partner
If you've simply had enough of your big bank, it's time to consider other options: Internet banks, smaller community and regional banks, and not-for-profit credit unions.
Internet banks like ING Direct, Ally Bank and State Farm Bank may be a no-brainer for those already accustomed to doing much of their research and shopping online.
These banks have lower costs because they don't have physical branches. Their free accounts even may include perks like covering ATM fees for customers with direct deposit.
But if you want to talk face to face with someone about a home loan or investments, or when you're confused about a service or a charge, they're not the place for you.
Credit unions, by contrast, are set up for such hands-on service at a low cost. Owned by members who are linked by jobs or geography, their core focus is on consumer accounts, although some these days are doing more small-business lending.
The broadening of criteria for membership has made credit unions available to nearly anyone. Southern California's largest include SchoolsFirst Federal of Santa Ana, open to all school and college workers; and Pasadena's Wescom, which is available to anyone who lives or works in Los Angeles, Orange, Riverside, San Bernardino, Ventura, San Diego or Santa Barbara counties.
To get around the limited number of branches and ATMs at credit unions, check whether they belong to the Co-op Network, which entitles members to withdraw funds without charge at more than 28,000 ATMs in the U.S. and Canada. Smartphone apps and text-message programs have made it far easier to find these ATMs than in the past, in case you find yourself needing cash in an unfamiliar place.
You can find a credit union near you at http://www.asmarterchoice.org.
Community banks can be a little trickier, since many of them are focused on small businesses and not consumers. You can try online screening services like http://www.findabetterbank.com, but it may be better to check the websites of candidates in your area: The first thing you see on Fullerton Community Bank's site, for example, are promotions for "totally free checking."
Or just walk in and talk to the bankers — something community banks say they make it easy to do. If they say they have free checking, make sure to ask whether there's a minimum balance you must maintain.
And these days, just keep your eyes and ears open: Plenty of small banks and credit unions are angling for your attention. LA Financial Credit Union, which is open to any L.A. County resident, says its new member applications jumped tenfold after it began advertising no-minimum free checking and debit cards, along with a "break up with my bank" website. The credit union has advertised the campaign heavily in recent weeks (including in the Los Angeles Times).
San Diego County's PacTrust Bank, which has promoted free checking and fee-free debit cards, plans to stay open late Saturday, Nov. 5, which is what a national Internet campaign has targeted as Bank Transfer Day. The community bank says it will pay $60 — the annual amount Bank of America plans to charge debit-card users — to people who open certain accounts on that day.
Making the switch
Once you've picked a new institution, don't immediately sever your ties with your old bank. You'll need a transition period to make sure direct deposit, automatic bill payment and other services transfer smoothly. Be aware that some banks charge you to close accounts, especially those that have been open only a short time.
Consumers Union offers a host of tips on the website DefendYourDollars.org. Here's a condensed version.
• Open your new checking account with a small deposit.
• List all automatic payments and deposits at your old checking account.
• Ask your employer to reroute any direct-deposited paychecks to your new account.
• Once you know when your direct deposits will transfer, reschedule each automatic payment or debit to come out of your new account.
• Leave some cash in your old account for at least a month to ensure payment should you happen to forget something.
• When you're certain all automatic payments and deposits are switched over, electronically transfer the final funds from your old account to the new one. Your new bank or credit union can help you with this.
• Once the transfer clears, follow the procedures for closing an account at your old financial institution. And make sure to obtain written confirmation that your old bank indeed has closed out that account.
That will help send a farewell message as you depart, says Garcia of Consumers Union: "We're not just a bank account number. We're real people who respond to how we're treated."
scott.reckard@latimes.com
Tuesday, October 11, 2011
GS Central: Money-Earning Guidelines
GS Central: Money-Earning Guidelines
Kudos to the Girl Scouts for offering a financial literacy patch.
Kudos to the Girl Scouts for offering a financial literacy patch.
Friday, October 7, 2011
New Bank Fees Push More Los Angeles County residents to Break Up With Their Bank.
Since Bank of America’s announcement of their $5 debit card fee, LA Financial Credit Union has seen requests for membership double from 66 to 122. We’ve also seen a huge increase in hits on our http://www.breakupwithmybank.com/ website which offers credit union information and an easy online account opening process,” said Renee Mackanin, Vice President Marketing. “We sent an email blast and letter to members reassuring them that we still offer free checking and will not institute debit card fees. The positive response has been overwhelming,” said Mackanin.
“We’re a community credit union so anyone living or working in LA County can join. However, we still face the challenge of overcoming potential member’s perception of convenience. Although we don’t have a branch on every corner, we do offer access to over 28,000 fee free ATMs and a shared branch network with over 6,700 locations. Technology also reduces the stigma of smallness. We have online account opening, online loan applications, home banking with free bill pay and plans to roll out our mobile banking product by year end,” said Mackanin.
Amidst the financial chaos on Wall Street in the last few years, and with the biggest names in retail consumer banking getting monthly, if not weekly, black eyes, credit unions have been steadily gaining ground. Since 2007, the credit union membership in the United States has increased from 86.8 million to more than 91 million, according to figures from National Credit Union Administration. Total assets have increased from $755 billion to more $942.5 billion at more than 7,290 credit union organizations.
Wednesday, October 5, 2011
President/CEO Message regarding Debit Card Usage
From the Desk of Barbara Nall, President/CEO
If you've heard the news that several banks are beginning to charge Debit Card Fees or stop offering free checking we want to reassure you . . . LA FINANCIAL still has FREE Checking and will NOT be charging debit card fees.
Higher fees are the new reality in retail banking, where regulations adopted in the aftermath of the bank bailouts have reduced revenue from several controversial fees by billions of dollars. At the same time, banks have seen their lending income decline due to the sluggish economy and low interest rates causing many major banks to impose a variety of new customer fees, or require higher minimum balance requirements in order to avoid fees.
Facts about Credit Unions and Banks:
Credit unions are member owned. Each account holder owns a share in the CU and has a say in how it is run. Banks are owned by stockholders, not account holders.
Credit Unions are not-for-profit. All profit is returned to the members in the form of higher yields and lower interest rates. Banks are for profit. Banks often charge higher fees and pay lower yields than credit unions.
Credit Unions are governed by an unpaid board of directors that is elected by their fellow members. Banks are governed by stockholders and paid officials.
At Credit Unions all deposits are federally insured up to $250,000 by the NCUA (National Credit Union Administration), an agency of the US government. At banks, all deposits are federally insured up to $250,000 by the FDIC (Federal Deposit Insurance Corp.), an agency of the US government
Credit Unions and Banks both offer full ranges of services including IRA, savings, checking, loans, mortgages, online banking, VISA, bill pay etc.
We survey members regularly and they tell us that one of the reasons that they maintain accounts at other institutions is because of convenience. However, did you know…
We Have over 28,000 Surcharge FREE ATMs through our CO-OP ATM Network – that’s more ATMs than Bank of America! So you have free, complete and nationwide access to your money, 24/7.
LA Financial Members Have Access to over 1,800 Branches Nationwide, including 53 in Los Angeles County! Through the CU Service Center Branch Network, we have extended the number of locations where you can access your LA Financial Accounts. Plus, many have Saturday hours!
Our Service Is Outstanding. Members rate us very high on friendliness, courtesy and personal service. And, we have been in business for over 74 years now – so we must be doing something right.
We’re a community Credit Union so anyone who lives or works in L.A.County, CA is eligible to join. So, tell your friends and family about us, too!!
With all the upcoming changes with the big banks, now may be a great time to Break Up With Your Bank and move all of your banking business to LA Financial. Visit http://www.breakupwithmybank.com/ or http://www.lafinancial.org/ to join or open a checking account! Give us a call at 800.894.1200 or visit our webpage at http://www.lafinancial.org/ for additional information about all of our products and services.
We thank you for your membership in LA Financial Credit Union, and look forward to serving you for years to come. Once again, thank you for your loyalty as a member/owner of LA Financial.
If you've heard the news that several banks are beginning to charge Debit Card Fees or stop offering free checking we want to reassure you . . . LA FINANCIAL still has FREE Checking and will NOT be charging debit card fees.
Higher fees are the new reality in retail banking, where regulations adopted in the aftermath of the bank bailouts have reduced revenue from several controversial fees by billions of dollars. At the same time, banks have seen their lending income decline due to the sluggish economy and low interest rates causing many major banks to impose a variety of new customer fees, or require higher minimum balance requirements in order to avoid fees.
Facts about Credit Unions and Banks:
Credit unions are member owned. Each account holder owns a share in the CU and has a say in how it is run. Banks are owned by stockholders, not account holders.
Credit Unions are not-for-profit. All profit is returned to the members in the form of higher yields and lower interest rates. Banks are for profit. Banks often charge higher fees and pay lower yields than credit unions.
Credit Unions are governed by an unpaid board of directors that is elected by their fellow members. Banks are governed by stockholders and paid officials.
At Credit Unions all deposits are federally insured up to $250,000 by the NCUA (National Credit Union Administration), an agency of the US government. At banks, all deposits are federally insured up to $250,000 by the FDIC (Federal Deposit Insurance Corp.), an agency of the US government
Credit Unions and Banks both offer full ranges of services including IRA, savings, checking, loans, mortgages, online banking, VISA, bill pay etc.
We survey members regularly and they tell us that one of the reasons that they maintain accounts at other institutions is because of convenience. However, did you know…
We Have over 28,000 Surcharge FREE ATMs through our CO-OP ATM Network – that’s more ATMs than Bank of America! So you have free, complete and nationwide access to your money, 24/7.
LA Financial Members Have Access to over 1,800 Branches Nationwide, including 53 in Los Angeles County! Through the CU Service Center Branch Network, we have extended the number of locations where you can access your LA Financial Accounts. Plus, many have Saturday hours!
Our Service Is Outstanding. Members rate us very high on friendliness, courtesy and personal service. And, we have been in business for over 74 years now – so we must be doing something right.
We’re a community Credit Union so anyone who lives or works in L.A.County, CA is eligible to join. So, tell your friends and family about us, too!!
With all the upcoming changes with the big banks, now may be a great time to Break Up With Your Bank and move all of your banking business to LA Financial. Visit http://www.breakupwithmybank.com/ or http://www.lafinancial.org/ to join or open a checking account! Give us a call at 800.894.1200 or visit our webpage at http://www.lafinancial.org/ for additional information about all of our products and services.
We thank you for your membership in LA Financial Credit Union, and look forward to serving you for years to come. Once again, thank you for your loyalty as a member/owner of LA Financial.
Thursday, September 29, 2011
Bank of America to Charge $5/month for Debit Dards!!
NEW YORK (AP) -- Bank of America plans to start charging customers a $5 monthly debit card fee.
The fee will be rolled out starting early next year. A Bank of America Corp. spokeswoman says customers will only be charged the fee if they use their debit cards for purchases in any given month. Customers won't be charged if they only use their cards at an ATM.
Chase and Wells Fargo have been testing $3 monthly debit card fees in select markets. Neither bank has said when it will make a final decision on whether to make the fee permanent.
Customers have been seeing higher banking fees and fewer rewards in the past year or so. The changes come as banks adjust to new regulations that will limit traditional revenue sources.
Not only does LA Financial Credit Union not charge for debit cards, all of our VISA Debit and Credit cards offer the following insurance services FREE of charge.
The fee will be rolled out starting early next year. A Bank of America Corp. spokeswoman says customers will only be charged the fee if they use their debit cards for purchases in any given month. Customers won't be charged if they only use their cards at an ATM.
Chase and Wells Fargo have been testing $3 monthly debit card fees in select markets. Neither bank has said when it will make a final decision on whether to make the fee permanent.
Customers have been seeing higher banking fees and fewer rewards in the past year or so. The changes come as banks adjust to new regulations that will limit traditional revenue sources.
Not only does LA Financial Credit Union not charge for debit cards, all of our VISA Debit and Credit cards offer the following insurance services FREE of charge.
• Auto Rental Collision Damage Waiver
• Emergency Evacuation and Transportation Coverage
• Lost Luggage Reimbursement
• Travel Accident Insurance - $500,000
• Trip Cancellation/Trip Interruption
• Trip Delay Reimbursement
• Warranty Manager Service
Wednesday, September 21, 2011
Visa Golf Giveaway - Debit & Credit
Members using LA Financial Credit Union's VISA Debit and VISA Credit cards will have a chance to win a golfer’s dream at Pebble Beach Resorts courtesy of Visa.® Simply sign for purchases with your Visa Debit or VISA Credit Card between October 1 and November 30, 2011 and you will be automatically entered for a chance to win.* Note: PIN based VISA transactions do not qualify for an entry. The more you swipe and sign your Visa card, the more chances you have to win:
•4 day, 3 night trip for 2 at The Lodge at Pebble Beach
•Roundtrip airfare and local transportation for 2
•1 round of golf for 2 at Pebble Beach Links and Spyglass Hill Golf Course
•$600 Resort Credit (good anywhere on the resort e.g. restaurants, spas, retail)
Be sure to sign for each purchase—PIN purchases do not qualify.
Non-Purchase Entries and Purchase Entries have an Equal Chance of Winning. Click here to see Official Rules for details on non purchase entries. Void where prohibited. Sweepstakes ends 11/30/2011.
Pebble Beach®, Pebble Beach Resorts®, Pebble Beach Golf Links®, The Lodge at Pebble BeachTM, Spyglass Hill® Golf Course, The Lone CypressTM, The Heritage Logo, and their underlying distinctive images are trademarks, service marks and trade dress of Pebble Beach Company. Used by permission.
Thursday, September 15, 2011
The 1930’s Great Depression
What caused the Great Depression, the worst economic depression in US history? It was not just one factor, but instead a combination of domestic and worldwide conditions that led to the Great Depression.
Though the great depression has been long since gone did you know that LA Financial Credit Union began in the late 1930’s and so did many other credit unions? It was six men and one woman whose vision that gave inspiration to the “Los Angeles County Court Employees Federal Credit Union” in 1937. Then on January 1, 2003 our name was changed to LA Financial Federal Credit Union.
LA Financial CU has been in business for almost 75 years and has branch locations in: Los Angeles, Norwalk, Pasadena and Lake Havasu.
We continue to service LA County Employees as well as servicing the general public who live, work, worship, volunteer or attend school in LA County, California.
LA Financial Credit Union is a one stop shop servicing you in areas of certificate of deposits, savings and checking accounts as well as personal loans and mortgage loans. Providing good loan rates and low or no fees.
Our Vision Statement is Excellence in Member Service…Anytime, Anyplace, Anywhere.
Police stand guard outside the entrance to New York's closed World Exchange Bank, March 20, 1931. Not only did bank failures wipe out people's savings, they also undermined the ideology of thrift.
Submitted by Cynthia L., New Accounts/Pasadena Branch
Submitted by Cynthia L., New Accounts/Pasadena Branch
Wednesday, September 14, 2011
Your Travel Benefits Begin Here...
Exclusive Benefits simply for being a member of the CUonVacation Travel Benefits Program!
Discover just how easy it is for you and your family to save on ALL your travel needs!
Click Here
Discover just how easy it is for you and your family to save on ALL your travel needs!
Click Here
Tuesday, September 13, 2011
"Break Up With Your Bank," CU Tells Members
The following article was printed in the Credit Union Magazine, September 2010
LA Financial Federal Credit Union in Los Angeles made an interesting request of its young adult members when promoting its Green Accounts: Break up with your bank.
And now it’s asking these same members to “break up with their loan.”
It’s the $340 million asset credit union’s way of asking young adults to spurn higher-priced banks, refinance higher-rate loans, and embrace LA Financial Federal’s services, says Renee Mackanin, vice president of marketing.
The credit union introduced Green Accounts and rolled out “breakupwithmybank.com” in 2009 after an analysis of its membership revealed an increasingly aging demographic.
The accounts, geared to members ages 13 to 18 and those 18 to 27, offer checking accounts with a debit card, share certificates, auto and personal loans, savings-secured loans, individual retirement accounts, and “additional stuff”—a special Web page, blog, annual birthday card, money tips, and drawings for free music downloads and iPods.
“The campaign definitely appeals to a younger demographic,” Mackanin says.
LA Financial Federal advertises breakupwithmybank.com and Green Accounts on bus backs, in train stations, on television, and with a fleet of cars wrapped with creative from the promotion—but not the credit union’s logo.
“The campaign has its own brand to get people thinking, ‘What’s that all about?’ and to go to the website,” Mackanin explains. “As a small credit union in a big market, people don’t know who LA Financial is. So I thought the best way to compete was to use something that would catch people’s attention.”
LA Financial Federal Credit Union in Los Angeles made an interesting request of its young adult members when promoting its Green Accounts: Break up with your bank.
And now it’s asking these same members to “break up with their loan.”
It’s the $340 million asset credit union’s way of asking young adults to spurn higher-priced banks, refinance higher-rate loans, and embrace LA Financial Federal’s services, says Renee Mackanin, vice president of marketing.
The credit union introduced Green Accounts and rolled out “breakupwithmybank.com” in 2009 after an analysis of its membership revealed an increasingly aging demographic.
The accounts, geared to members ages 13 to 18 and those 18 to 27, offer checking accounts with a debit card, share certificates, auto and personal loans, savings-secured loans, individual retirement accounts, and “additional stuff”—a special Web page, blog, annual birthday card, money tips, and drawings for free music downloads and iPods.
“The campaign definitely appeals to a younger demographic,” Mackanin says.
LA Financial Federal advertises breakupwithmybank.com and Green Accounts on bus backs, in train stations, on television, and with a fleet of cars wrapped with creative from the promotion—but not the credit union’s logo.
“The campaign has its own brand to get people thinking, ‘What’s that all about?’ and to go to the website,” Mackanin explains. “As a small credit union in a big market, people don’t know who LA Financial is. So I thought the best way to compete was to use something that would catch people’s attention.”Mission accomplished: The credit union opened 645 Green Accounts in 2009 and 482 in 2010, and it currently opens 45 accounts per month, on average. It also has booked 640 loans for more than $7 million among all Green Account members.
LA Financial Federal introduced “breakupwithmyloan.com” in July, targeting the loan refinance market. As a result, loan application volume grew 18.6% and loan approvals increased 44% from the previous month.
The biggest challenge in reaching young adult members is determining which products and services they need most, Mackanin says. The credit union did so by conducting focus groups.
“We wanted to package products and services that appeal to this group and to include education about credit unions, smart use of credit, and so on,” she says. “We want to have special things for them, and not treat them like everyone else.
“We’re trying to get the message out,” Mackanin continues. “I wish credit unions could band together to create a campaign for credit union awareness. If we all got the word out, it would help us all.”
Friday, September 9, 2011
Lower Your Grocery Costs - Free Mobile Coupons App for your iPhone
Coupon Sherpa, has added grocery coupons to its line-up of mobile coupons for hundreds of retailers, restaurants and services. The app now has coupons for 28 grocery chains, including Kroger, Lowes Foods, Ralphs and Safeway. You can enter your zip code to locate participating stores near you and see what coupons are available in your area. Then you can check the coupons you want and save them directly to your store loyalty card (by entering the card number). The coupons will be applied automatically when you swipe your card at the checkout. It's that simple. For more information or to download, go to http://www.couponsherpa.com/mobile-coupons/
Tuesday, September 6, 2011
“Words Payeth No Debts” - Shakespeare – Troilus and Cressida Act 3 Scene 2
While Shakespeare’s words may be true, bills do not get paid by just talking about them, he fails to acknowledge an important piece of information; in the absence of a payment, communication is the next best thing.
Keeping your financial institution in the loop regarding your financial situation is imperative to maintaining a positive and honest business relationship with them. The more we know about our members’ lives and their daily successes and struggles, the better equipped we are to offer products or solutions that best fit their needs. A simple conversation can go a long way in better understanding what member may be experiencing at that time. While we may not always be able to address every need or honor every request, every member contact helps to strengthen the relationship between the credit union and the membership.
A business relationship is built out of trust, patience, and compromise; but by no means is it anyone’s responsibility but your own to resolve your financial obligations. Shakespeare is correct in that words cannot be used as currency, so while you work to remain in contact with your financial institution, you must also take the initiative to plan and prepare to avoid financial pitfalls.
Submitted by the LA Financial Collections Department
Keeping your financial institution in the loop regarding your financial situation is imperative to maintaining a positive and honest business relationship with them. The more we know about our members’ lives and their daily successes and struggles, the better equipped we are to offer products or solutions that best fit their needs. A simple conversation can go a long way in better understanding what member may be experiencing at that time. While we may not always be able to address every need or honor every request, every member contact helps to strengthen the relationship between the credit union and the membership.
A business relationship is built out of trust, patience, and compromise; but by no means is it anyone’s responsibility but your own to resolve your financial obligations. Shakespeare is correct in that words cannot be used as currency, so while you work to remain in contact with your financial institution, you must also take the initiative to plan and prepare to avoid financial pitfalls.
Submitted by the LA Financial Collections Department
Wednesday, August 31, 2011
Overdraft Coverage - Avoid Being Declined
A New Option: Debit Card Overdraft Coverage
Let’s face it—life happens. We’re all busy and the unexpected may make balancing your checking account a challenge. That’s why we offer overdraft coverage for checks and automated transactions, as well as scheduled (recurring) debit card payments that occasionally cause insufficient funds in checking accounts. However, currently we only approve everyday debit card transactions if the funds are available at the time of purchase.
Signing up is free. You only incur the $28 fee if you make an everyday debit card purchase that takes your account negative and we pay it. If we deny the transaction, you will never be charged a fee. If you sign up now and change your mind later, you can cancel the service anytime. Remember, if you OPT IN for Courtesy Pay, we will allow transactions up to negative $10 before any overdraft fee is charged.
View Form/Disclosure
Let’s face it—life happens. We’re all busy and the unexpected may make balancing your checking account a challenge. That’s why we offer overdraft coverage for checks and automated transactions, as well as scheduled (recurring) debit card payments that occasionally cause insufficient funds in checking accounts. However, currently we only approve everyday debit card transactions if the funds are available at the time of purchase.
Another option is now available
Whether you forgot to make a deposit or subtract a purchase, or you simply made a little miscalculation...overdrawing your account can be costly and embarrassing. And having your VISA® Debit Card declined at the check-out counter can be extremely inconvenient!But you don’t have to worry about that with Courtesy Pay at your Credit Union. There is no charge to set up or maintain this protection. In fact, if you OPT IN for Courtesy Pay, we will allow transactions up to negative $10 before any overdraft fee is charged. In either event, your payment will be honored and you will avoid a fee or penalty from the merchant, as well. But you must OPT IN for this service.You can opt-in now for debit card overdraft coverage in the event you miscalculate your balance and still need to make an everyday debit card purchase.
Easy to get started
- Log in to anytimeBanking and click the "Options" link and then" Courtesy Pay ATM/VISA Debit"
- Print and sign the OPT IN form
Signing up is free. You only incur the $28 fee if you make an everyday debit card purchase that takes your account negative and we pay it. If we deny the transaction, you will never be charged a fee. If you sign up now and change your mind later, you can cancel the service anytime. Remember, if you OPT IN for Courtesy Pay, we will allow transactions up to negative $10 before any overdraft fee is charged.
What happens if I don’t sign up?
If we do not hear from you, we will continue to decline everyday debit card purchases if you have insufficient funds and will not charge you an overdraft fee. Remember, if you OPT IN for Courtesy Pay, we will allow transactions up to negative $10 before any overdraft fee is charged.To learn more about overdraft services and other money management tools, please call us at (800) 894-1200 or stop by a branch office. View Form/Disclosure
Wednesday, August 24, 2011
We've Added More ATMs for Your Convenience!!
New ATMs and shared branches are being added across the country. Find one near you today!
Tuesday, August 23, 2011
College Prep
As many of you are sending your kids off to college, there are that many more of you with small children still @ home. Want to know how much it will be to send your children to college? Use this simple calculator and start saving TODAY! College "move-in" day will be here before you know it!
$123... Get $123 and Your New-Car Dreams Off The Ground
With rates as low as 3.00% – on new or used autos, trucks and motorcycles, with terms up to 60 months, a $123 rebate,** and the option of pre-approval – you’re good to go!
Just how easy is it to get behind the wheel of a new or new-to-you car, truck, or motorcycle – and pocket an extra $123 while you’re at it? Three steps – count ‘em 123– is all it takes:
Apply online or by phone to get pre-approved so you know how much you can afford
* APR= Annual Percentage Rate ** To qualify for 1-2-3 promotion, member must be pre-approved before visiting any dealership and loan must be funded directly with LA Financial Credit Union. Cannot be used to refinance existing LA Financial/HCCU loans. If loan is repaid prior to six months, the $123 rebate will be reversed. Limited time offer. Subject to change without notice.
**123 promotion is not available when you refinance a car already financed by LA Financial or Havasu Community Credit Union
Just how easy is it to get behind the wheel of a new or new-to-you car, truck, or motorcycle – and pocket an extra $123 while you’re at it? Three steps – count ‘em 123– is all it takes:
Apply online or by phone to get pre-approved so you know how much you can afford
- Pick out your vehicle and bring us a purchase order from a dealer or private party.
- Get a $123 REBATE when your loan is funded!
Not ready for a new car? No Worries!! You can get the same low rate and $123 rebate when you refinance your existing car that is currently with another lender and bring the financing to us*
So dream big. Or mid-sized. Or compact. And count on LA Financial to make it real. * APR= Annual Percentage Rate ** To qualify for 1-2-3 promotion, member must be pre-approved before visiting any dealership and loan must be funded directly with LA Financial Credit Union. Cannot be used to refinance existing LA Financial/HCCU loans. If loan is repaid prior to six months, the $123 rebate will be reversed. Limited time offer. Subject to change without notice.
**123 promotion is not available when you refinance a car already financed by LA Financial or Havasu Community Credit Union
Based on 100% of purchase price plus tax and license on dealer purchase. Private party purchase requires DMV paperwork and 100% retail Kelley Blue Book price. Available on approved credit. Must qualify for loan under LA Financial CU guidelines, including age and value of auto. Annual Percentage Rate (APR) may vary according to length of term, age of vehicle and your credit worthiness. As low as 3.00% APRfor 60 months on new or used autos, light trucks, and motorcycles includes 0.25% reduction for automatic payment and 0.25% reduction for Direct Deposit/Payroll Deduction. Based on 100% of purchase price for new cars; 100% of Kelley Blue Book retail price for used cars. Private party purchase requires DMV paperwork and 100% of Kelley Blue Book price. Representative monthly payment for each $1,000 borrowed at 3.00% for 60 months = $17.97 APR. LA Financial Credit Union is an Equal Opportunity Lender.
Thursday, August 18, 2011
Back to School Savings
LA Financial wants to help you demonstrate your higher intelligence this back to school season when you get exclusive credit union member discounts and cash back with over 1,200 of your favorite online retailers at Shop America. You can save on school supplies, clothes, shoes and computers - everything you need for back to school.
For a limited time, back to school shoppers at Shop America can double their cash back at these online stores*:
• Dell
• Barnes and Noble
• Wal-Mart
• Target
• Office Depot
• Footlocker.com
• HP Home Store
• Kohl’s
• JCPenney
Keep on saving when you shop using LA Financial's credit or debit card – thanks to our great rates and low fees. Simply access Shop America through the Love My Credit Union website, log in or create your account and start shopping.
See? You’re smarter already!
Get the details at LoveMyCreditUnion.org or speak to a LA Financial Credit Union member representative.
*Purchases must be made on-line and accessed through Shop America.
For a limited time, back to school shoppers at Shop America can double their cash back at these online stores*:
• Dell
• Barnes and Noble
• Wal-Mart
• Target
• Office Depot
• Footlocker.com
• HP Home Store
• Kohl’s
• JCPenney
Keep on saving when you shop using LA Financial's credit or debit card – thanks to our great rates and low fees. Simply access Shop America through the Love My Credit Union website, log in or create your account and start shopping.
See? You’re smarter already!
Get the details at LoveMyCreditUnion.org or speak to a LA Financial Credit Union member representative.
*Purchases must be made on-line and accessed through Shop America.
Wells Fargo to charge $3/month for debit cards.
In yesterday’s news, Wells Fargo has announced plans to test a $3 monthly fee for customers using debit cards. This is the latest initiative to come from the banking industry as a means to recoup losses from shrinking deposit fees. Whether it will prove acceptable to customers is another matter.
According to a report in yesterday’s San Francisco Chronicle, Wells Fargo will starting testing the monthly $3 debit card fee this fall. The fee will be applied to debit cards tied to all checking accounts opened in test states starting in October. This new fee would be in addition to the monthly service fees Wells Fargo already imposes on its checking accounts. Wells Fargo also announced that it is doing away with its debit rewards program.
Wells Fargo is the latest bank to jump on this larger trend of scaling back customer perks and imposing new revenue-generating fees. Some analysts say that this latest announcement is partly in response to the new limit on how much banks can collect from merchants for debit card fees.
LA Financial will not charge for debit cards. We will also continue to offer FREE checking and FREE billpay.
According to a report in yesterday’s San Francisco Chronicle, Wells Fargo will starting testing the monthly $3 debit card fee this fall. The fee will be applied to debit cards tied to all checking accounts opened in test states starting in October. This new fee would be in addition to the monthly service fees Wells Fargo already imposes on its checking accounts. Wells Fargo also announced that it is doing away with its debit rewards program.
Wells Fargo is the latest bank to jump on this larger trend of scaling back customer perks and imposing new revenue-generating fees. Some analysts say that this latest announcement is partly in response to the new limit on how much banks can collect from merchants for debit card fees.
LA Financial will not charge for debit cards. We will also continue to offer FREE checking and FREE billpay.
Friday, August 12, 2011
Get onLine...Not inLine!!
Get onLine...Not inLine!! We now offer monthly Get "onLine" Not "inLine" one-on-one training… we’ll offer solutions and information about anytimeBanking, BillPay, online transfers and alerts. No appointment necessary. Bring in your bills and we will help you to set them up for our free BillPay service. A representative will be in the following branches from 9 am - 4 pm on the following dates...
- Pasadena Branch - 1st Wednesday of each month
- LA Branch - 2nd Wednesday of each month
- Norwalk Branch - 3rd Wednesday of each month
Monday, July 25, 2011
Email etiquette (netiquette)
Email as a medium of communication has become an almost indispensable tool for business, educational, social and personal purposes. There are no 'official' rules governing electronic communication. So beware people telling you there is one right way, they are assuming too much. As a general rule though, netiquette involves the same principles as plain old etiquette -- basic courtesy, respect and ethics.
By following the principles outlined below, the recipient of your email will be more likely to read and act, if not be favourably impressed by your message:
By following the principles outlined below, the recipient of your email will be more likely to read and act, if not be favourably impressed by your message:
- Subject line to summarise the message. Make the Subject line summarise the body of the e-mail. Ask yourself, 'will the recipient(s) know what this e-mail is about'. For example, Instead of Subject: Exam, say Subject: Location of 1508INT Exam, 23 July 05.
- Keep it concise. Keep messages brief and to the point, but not so brief that it causes the problem outlined in the previous point. This includes deleting any irrelevant text when an email has been back and forth several times. No-one wants to scroll down through pages of text in order to reach the message they want to read. If the sense of the email will be lost by deleting that text, however, leave it in.
- Reply within 24 hours. Try to reply within 24 hours, less if possible. In fact, get in the habit of replying immediately -- it is the polite thing to do, and the recipient will appreciate a prompt reply. It also makes you look efficient. The longer you leave it to reply, the more likely you will forget or have too big a log-jam of unanswered email.
- Allow time for a reply. E-mail messages are not usually required to be answered immediately, though it is good practice if you do. Before sending a reminder, allow some time for a response, some times even a few days. Not everyone is online 24 hours a day.
- Use the BCC field when sending bulk email. If you're sending email to a whole list of people, put their email addresses in the BCC field. That way, the privacy of the recipient is respected, and spammers cannot harvest the email addresses for their dastardly purposes.
- Don't shout at people or threaten them. Don't use all capital letters, (UPPERCASE), or oversized fonts. The reader will likely feel they are being shouted at, or even threatened. If you must use UPPERCASE, use it very sparingly and only to emphasise a particularly important point. Ask yourself, 'if I was talking to the recipient face to face, would I be raising my voice to them?' One way to add emphasis is to enclose the word/phrase with an asterisk, for example "It is *important* not to shout at people by using UPPERCASE". Large sized fonts (greater than 12) are useful for people with visual impairment, but are not appropriate for general use.
- Avoid angry outbursts.. Don't send or reply to email when you are angry. Wait until you have calmed down, then compose the email. Once written and sent, it can't be recalled. Angry or intemperate email has a way of rebounding on the sender. As a guide, ask yourself, 'would I say this to the person's face?'
- Correct punctuate and grammar. Use punctuation in a normal manner. One exclamation point is just as effective as five !!!!! Use correct grammar as with any written message.
- Keep the thread. When replying to an e-mail, use the reply option on the sidebar in your mail. This will keep the message in the "thread", and make it easier for the recipient to follow.
- Spelling. Check your spelling! If you don't know how to spell something, look it up.
- Don't Reply to All unless necessary. Think twice about sending a reply to everyone. Perhaps only selected people need to see this email. Sending it to everyone may simply be contributing to an already cluttered In-Tray.
- Email is not confidential. It is almost laughably easy for the contents of your email to be read by others without your knowledge. So its wise to avoid saying anything you wouldn't write on the back of a postcard. Also, if you work within an organisation, rather than directly connected to an ISP (internet service provider) its becoming more likely that every email you send and receive is scanned for certain words that are 'deemed unacceptable'. Email with 'unacceptable' content is quarantined, and record is kept. People can be disciplined or fired if they send or receive too much such email. The organisation has every user sign an 'acceptable use' contract as a condition of their having an email account. That way, the employee can be deemed to have broken the contract, justifying disciplining him or her.
- Correct priority. Avoid marking an email 'high priority' when it is really 'normal' priority.
Tuesday, July 19, 2011
breakupwithmyloan.com
You'll ♥ Our Loans
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You have a loan but I’ll bet you’re not totally satisfied with it – the rate may be too high, the payment may be too high, the term may be too long – so why not “Break-Up with Your Loan” and start a new relationship with us. We think that you’ll love the fact that we can probably get you a better rate, term, payment or all of the above! Plus, it’s so quick and easy, you’ll wonder why you waited so long!
Check out BreakupWithMyLoan.com to refinance your current loan from another financial lender and save! Mortgage Rates are at an all time low and our vehicle rates as low as 3% APR, you're going to LOVE the savings. Compare your current rate and monthly payment but using our free online loan calculator – enjoy the benefits of streamlined online applications and quick approvals.
You have a loan but I’ll bet you’re not totally satisfied with it – the rate may be too high, the payment may be too high, the term may be too long – so why not “Break-Up with Your Loan” and start a new relationship with us. We think that you’ll love the fact that we can probably get you a better rate, term, payment or all of the above! Plus, it’s so quick and easy, you’ll wonder why you waited so long!
Check out BreakupWithMyLoan.com to refinance your current loan from another financial lender and save! Mortgage Rates are at an all time low and our vehicle rates as low as 3% APR, you're going to LOVE the savings. Compare your current rate and monthly payment but using our free online loan calculator – enjoy the benefits of streamlined online applications and quick approvals.
Monday, July 18, 2011
LA Financial Receives 4-Star Rating
LA Financial has been rated "Excellent, 4-Star," by Bauer Financial Inc, the nation's leading independent bank rating firm. This unbiased rating is based on financial data provided to federal regulators. For more information, please visit http://www.bauerfinancial.com/.
You Can Count on LA Financial Federal Credit Union
As a LA Financial Credit Union member, you can be assured that your deposits are safe here. The credit union maintains 8.20% in capital reserves—which protects the institution in times of economic downturns—and is a measurement of strength that few banks or credit unions can match, nationwide. The credit union's strength is backed by federal insurance—the full faith and credit of the United States government. LA Financial's deposits are federally insured up to $250,000 per member by the National Credit Union Administration (plus another $250,000 on your IRA).
Your combined balances in your LA Financial savings, checking, money market, and certificate accounts are insured up to $250,000. However, your accounts can be structured for additional coverage. Please visit the NCUA's Share Insurance Estimator for more information. A summary brochure, provided by the NCUA, is available by clicking here.
Notice of Changes in Temporary NCUA (National Credit Union Administration) Insurance Coverage for Transaction (Checking) Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the NCUA through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.
Your combined balances in your LA Financial savings, checking, money market, and certificate accounts are insured up to $250,000. However, your accounts can be structured for additional coverage. Please visit the NCUA's Share Insurance Estimator for more information. A summary brochure, provided by the NCUA, is available by clicking here.
Notice of Changes in Temporary NCUA (National Credit Union Administration) Insurance Coverage for Transaction (Checking) Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the NCUA through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.
Thursday, July 7, 2011
The Short and Simple Story of the Credit Crisis
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Crisisofcredit.com
The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.
For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com.
Support the project and buy a T-Shirt! cafepress.com/crisisofcredit
© Copyright 2009 Jonathan Jarvis
Friday, May 20, 2011
One Small, Surprising Way to Ensure Your Kid Gets to College
According to a new report by the College Savings Initiative, kids with a savings account in their own name are six times more likely to attend college than those without an account. Yep, you read that right: six times more likely.
This research examined what happens when kids have ownership, so they're the ones who can make deposits and withdrawals at a bank. (It's not looking at what happens when their parents open a 529 or Roth IRA for them with their education expenses in mind.) The amount in the kids' account doesn't matter. It's the fact of having it that does.
William Elliott III, Ph.D., a professor at the University of Kansas and a faculty associate with the Center for Social Development at Washington University in St. Louis, explains that the study looked at high school students who said that they expected to go to college sometime in the future. "We controlled for a number of factors, including academic achievement, family income, wealth, and the children's savings," he says. "And we found they were six times more likely to attend college shortly after graduating high school if they had a savings account at a younger age. So if they had a savings account between ages 12 and 15, it was predictive of them attending college later in life."
The balances in those accounts, Elliott says, were low -- on average, somewhere around $400. Not anywhere near enough to pay for college, or even a few textbooks.
But Elliott theorizes that ownership of an account gives youngsters a sense of control. "It's helping them to be thinking of college, to have it on their mind in a more concrete way than simply saying, 'I expect to go to college,'" he explains. "They've taken some actions, they've got a savings account, they're saving some money. Positive expectations aren't quite enough."
To me, what's encouraging about this research is that it's a relatively easy step to take with a child -- open the account in their name. And it can give all of us, not just the kiddos, a small sense of power in an uncertain world. I usually look away when I see the projections on what college will cost when my daughter and son will be ready to go. Going to the local bank? That's something I can handle. The payoff can be enormous, even if the balance isn't. Elliott agrees. "That's what makes it exciting," he says. "It's not a huge step. It's doable. It's possible."
http://finance.yahoo.com/college-education/article/112756/surprising-way-kid-gets-to-college-moneywatch?mod=edu-collegeprep
This research examined what happens when kids have ownership, so they're the ones who can make deposits and withdrawals at a bank. (It's not looking at what happens when their parents open a 529 or Roth IRA for them with their education expenses in mind.) The amount in the kids' account doesn't matter. It's the fact of having it that does.
William Elliott III, Ph.D., a professor at the University of Kansas and a faculty associate with the Center for Social Development at Washington University in St. Louis, explains that the study looked at high school students who said that they expected to go to college sometime in the future. "We controlled for a number of factors, including academic achievement, family income, wealth, and the children's savings," he says. "And we found they were six times more likely to attend college shortly after graduating high school if they had a savings account at a younger age. So if they had a savings account between ages 12 and 15, it was predictive of them attending college later in life."
The balances in those accounts, Elliott says, were low -- on average, somewhere around $400. Not anywhere near enough to pay for college, or even a few textbooks.
But Elliott theorizes that ownership of an account gives youngsters a sense of control. "It's helping them to be thinking of college, to have it on their mind in a more concrete way than simply saying, 'I expect to go to college,'" he explains. "They've taken some actions, they've got a savings account, they're saving some money. Positive expectations aren't quite enough."
To me, what's encouraging about this research is that it's a relatively easy step to take with a child -- open the account in their name. And it can give all of us, not just the kiddos, a small sense of power in an uncertain world. I usually look away when I see the projections on what college will cost when my daughter and son will be ready to go. Going to the local bank? That's something I can handle. The payoff can be enormous, even if the balance isn't. Elliott agrees. "That's what makes it exciting," he says. "It's not a huge step. It's doable. It's possible."
http://finance.yahoo.com/college-education/article/112756/surprising-way-kid-gets-to-college-moneywatch?mod=edu-collegeprep
Wednesday, May 18, 2011
www.connectforthecause.org
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| http://www.connectforthecause.org/ |
Another Happy Member... Thanks Auto Expert!!
Here are Becky's own words about her experience:
I didn't have the time to look for a car. Working a full-time job, it was nearly impossible so I asked Aaron from LA Financial's Auto Expert service to find my car. I was very particular in the color and options that I was looking for and Aaron could not locate my car anywhere. I was disappointed until Aaron told me that he could special order my car from the factory with the exact options that I was looking for... and at a great price and perfect color. I literally jumped for joy when he delivered my new car. I couldn't believe my eyes! The whole process was so quick. This experience was so amazing.
If you’d like to jump for joy over your next car buying experience, use Auto Expert – free for all LA Financial CU members.
Thursday, April 14, 2011
Another AutoExpert Success Story!!!
Reyna C. is another happy member thanks to LA Financial's AutoExpert Service.
"I gave Aaron from AutoExpert my car specs (2011 Toyota Highlander V6 , Magnetic Gray Metallic color ) and he was able to locate my car in one day. Aaron made this purchase a smooth transaction from beginning to the end. I love it!! I would recommend AutoExpert to everyone, " said Reyna.
If you are in the market for a new or used car, get pre-approved with a great rate from LA Financial. Then check out LA Financial's AutoExpert service by calling Aaron at 714-783-8848.
Thursday, March 24, 2011
Important Information Regarding your ATM/Debit Card
Important Information Regarding your ATM/Debit Card
Due to our recent ATM/Debit card upgrade, some of you may experience a decline when using your card with a PIN. This will most likely happen if in the past you came into one of our branches and chose a personal PIN. This does not apply to all cards.
We have a solution to that problem and, going forward if you would like to change your PIN for any reason, you may do so by calling 866-985-2273 see below for detailed instructions.
Our conversion to our new card processor has given us a new feature called PIN NOW. This feature gives you the opportunity to call on the phone and personalize your PIN after validating some personal information. You no longer have to come into our branch to obtain a personalized PIN.
Please call 866-985-2273. You will be prompted to enter your card number. If you are calling from home or work and, we have your current telephone number on file, you will then be prompted to enter the last 4 digits of your social security number. If everything matches, then you will then enter your new PIN, and you are ready to use your card.
If you are not calling from home or work, say you are on your cell phone, enter your card number. You will have then have the option to enter either your home or work telephone number. Remember, these numbers must be the ones you have given the Credit Union. You will then be prompted for the last 4 digits of your social security number. As long as all of the information verifies, then you will then enter your new PIN and you will be ready to use your card.
Due to our recent ATM/Debit card upgrade, some of you may experience a decline when using your card with a PIN. This will most likely happen if in the past you came into one of our branches and chose a personal PIN. This does not apply to all cards.
We have a solution to that problem and, going forward if you would like to change your PIN for any reason, you may do so by calling 866-985-2273 see below for detailed instructions.
Our conversion to our new card processor has given us a new feature called PIN NOW. This feature gives you the opportunity to call on the phone and personalize your PIN after validating some personal information. You no longer have to come into our branch to obtain a personalized PIN.
Please call 866-985-2273. You will be prompted to enter your card number. If you are calling from home or work and, we have your current telephone number on file, you will then be prompted to enter the last 4 digits of your social security number. If everything matches, then you will then enter your new PIN, and you are ready to use your card.
If you are not calling from home or work, say you are on your cell phone, enter your card number. You will have then have the option to enter either your home or work telephone number. Remember, these numbers must be the ones you have given the Credit Union. You will then be prompted for the last 4 digits of your social security number. As long as all of the information verifies, then you will then enter your new PIN and you will be ready to use your card.
Avoiding ATM Fees Using the Grocery Store Trick!!
There are over 28,000 surcharge free Co-Op ATMs but... sometimes, I just can't find one.
So...when I can’t find a surcharge free ATM, I just go into the nearest grocery store, and buy something small and pay for with my debit card and ask for cashback. In urban areas I look for a drugstores or grocery stores. I’ve never had a surcharge, and it’s a ‘purchase’ so you won’t get a foreign ATM fee either.
Thursday, March 17, 2011
Shoot For Loot Contest!
Clipper Nation, LA Financial wants to give you a chance to win big at a Clippers home game! Enter below for your chance to win an opportunity to participate in the LA FINANCIAL SHOOT FOR LOOT contest on the court during a time-out on March 26, 2011. LA Financial, THE credit union for Clipper Nation!
Thursday, March 10, 2011
Another Happy Member!!
In her own words, “I was surprised at how quick and easy the whole process was. I got the car of my dreams at a price better than I could have negotiated myself. They even took my old car as a trade in and I received more money than I had expected. I am very happy with the entire experience."
Monday, March 7, 2011
10 Easy Ways to save $100 (or more!)
- Bring your lunch instead of going out to restaurants.
- Drink tap water instead of bottled.
- Borrow books from the library instead of buying.
- Drive slower - sudden stops and starts burn a lot of gas.
- Lay off the lattes.
- Cancel your landline.
- Use your credit union's ATM or a CO-OP machine instead of paying foreign ATM fees.
- Consolidate your credit cards into a card with a fixed low rate like LA Financial. A 3% discount on a $4,000 balance can mean $120 a year.
- Go without premium TV chanels.
- Buy non-perishible items in bulk.
Tuesday, March 1, 2011
Raising Money Smart Kids
Every year, American children receive more than $15 billion in allowance, gifts and wages - reason enough to start teaching children money management and consumer skills at a young age. The following tips can make the difference between a child who grows up to be financially secure – and one who doesn't.
Teach by example... The best way to instill good financial habits is by "walking the talk." For instance, when you go shopping, include your kids in the process – planning, budgeting, and comparing prices and quality. If they urge you to buy something that is over budget, explain that spending more on the item you're purchasing today is not as important as saving up for something else you need or want in the future.
Live within your means... Children who learn to prioritize their spending learn the most valuable money management lesson – to live within their means. Reinforce the message by not jumping for the credit cards or giving extra money just because your children ask. When kids want an expensive "status" item, like hundred-dollar athletic shoes, consider having them pay the portion of the price that exceeds what you think is reasonable. They'll appreciate the item more and may think twice about paying that much when they outgrow this pair in six months. If you choose, go ahead and lend money, but treat it like a real loan. Charge reasonable interest and set a time frame for repayment – it will teach them how loans and credit in the real world truly work.
Encourage savings... For your sake and theirs, encourage your children to make saving a fixed category in their spending plan. Discuss goals and calculate how much should be put away each month. Break down savings into long-term, for college or a car, and short-term, for a new bike or a senior trip to Europe. If you see your children about to make a mistake in spending their allowance, let them. Better to learn on a small scale now, than lose money with big mistakes later.
It's never too early (or too late) to develop healthy financial habits... The rewards of wise money management are the same for adults and children alike – a greater appreciation of what you have, a sense of empowerment when you reach your goals, and long-term financial security.
Check out PiggyBanc ...
PiggyBanc® is an exciting, safe and fresh approach to getting children on the right financial track early. Through our website, you can fund a child’s savings account with just a few simple keystrokes. Friends, family, and relatives can contribute to their account any time of the day. Best of all, the PiggyBanc membership will teach your children about the importance of a savings program and strategy. All funds are transferred to and can be tracked at LA Financial.
Teach by example... The best way to instill good financial habits is by "walking the talk." For instance, when you go shopping, include your kids in the process – planning, budgeting, and comparing prices and quality. If they urge you to buy something that is over budget, explain that spending more on the item you're purchasing today is not as important as saving up for something else you need or want in the future.
Live within your means... Children who learn to prioritize their spending learn the most valuable money management lesson – to live within their means. Reinforce the message by not jumping for the credit cards or giving extra money just because your children ask. When kids want an expensive "status" item, like hundred-dollar athletic shoes, consider having them pay the portion of the price that exceeds what you think is reasonable. They'll appreciate the item more and may think twice about paying that much when they outgrow this pair in six months. If you choose, go ahead and lend money, but treat it like a real loan. Charge reasonable interest and set a time frame for repayment – it will teach them how loans and credit in the real world truly work.
Encourage savings... For your sake and theirs, encourage your children to make saving a fixed category in their spending plan. Discuss goals and calculate how much should be put away each month. Break down savings into long-term, for college or a car, and short-term, for a new bike or a senior trip to Europe. If you see your children about to make a mistake in spending their allowance, let them. Better to learn on a small scale now, than lose money with big mistakes later.
It's never too early (or too late) to develop healthy financial habits... The rewards of wise money management are the same for adults and children alike – a greater appreciation of what you have, a sense of empowerment when you reach your goals, and long-term financial security.
Check out PiggyBanc ...
PiggyBanc® is an exciting, safe and fresh approach to getting children on the right financial track early. Through our website, you can fund a child’s savings account with just a few simple keystrokes. Friends, family, and relatives can contribute to their account any time of the day. Best of all, the PiggyBanc membership will teach your children about the importance of a savings program and strategy. All funds are transferred to and can be tracked at LA Financial.
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