Issue 28
Spring 2015
New Auto-Buying Concierge Service for TCCU Members
We are happy to announce our new auto buying concierge service,
through Allegiance Credit Union Auto Buying. Allegiance representatives
will do all the legwork for you. TCCU Member Mark Hein picked up his
new 2015 Lexus RX350 from the Credit Union. “The service was
outstanding,” he said. “The process was super easy, totally professional,
and painless.” If you know what kind of car you want, or even if you
don’t, they will work with you, and their local dealer partners, to get
you the best car and the best deal without the hassle.
“We know credit union members and we understand credit union service.” said Hiram Soles, the Allegiance Senior Auto Advisor. “We stay
TCCU Member Mark Hein with his 2015 Lexus RX350
with the member through the process to make sure they’re happy
with their purchase.” Allegiance can help you sell or trade in your existing car. When you’re ready, just contact the
Loan Department and let Allegiance Auto Buying Concierge Service find your dream car today.
Bring Your Shreddables to the Credit Union on April 23 and 24
We are hosting our first ever Shred Days event as a complimentary
service to you, our fabulous and oh-so-organized members! It’s
Spring Cleaning time and we know you are as anxious as we are to
clean out the old stuff. Bring your unnecessary documents with
sensitive information to our secured shred bins in the boardroom on
April 23 and 24. Shred Service Provided by Iron Mountain Secure
Shredding Service.
Introducing the TCCU Credit Score Challenge!
Steroid-free Personal Training for Credit Score Enhancement
If I asked you about your credit score right now, would you think, “My score is stellar! I can get any loan I desire.”
Or would you cringe and mumble something like,” I was in college and things happen. I try not to think about it.”
If you’re like most people, you fall somewhere in the middle. But the shocking truth
is, most people don’t know what their score is and how it affects the quality of their
life. So, we’ve created a program designed to help you add some real muscle to
your credit score. Not just for people with “bad” scores. Since you will get so much
personal attention from your very own credit coach, we have very limited space.
Participation is available by sign up only. The deadline to sign up is May 1. In this
FUN, (yes I said fun) entertaining, informative and extremely valuable program, you will:
- Get an intimate look at your Credit
- Have a personal credit trainer to support you
- Receive tools to keep you motivated and inspired
- Set clear and reachable credit goals
- Learn to read credit disclosures like a boss!
- Move your credit score up a notch.
Raising your score to the next level can mean saving thousands of dollars. While it is fun, and free, you will be
asked to put some work into it, but if you’ve read this far, this is something you want to do. This 90-day program
was created for you, and now is the time to take back control of your future credit. Your future self will thank you!
Contact Nancy Whitehead-Smith to secure your spot today! 310-618-9111 ext 38. or [email protected]
Holiday Hours
Torrance Community Credit Union
2377 Crenshaw Boulevard, Suite 150, Torrance, CA 90501-3344 www.torranceccu.org
Toll-free: 866.618.9111 Local: 310.618.9111 TeleTeller: 866.782.3937, or 310.782.3937
Fax: 310.782.1732. 24/7 CU Service Center: 866.692.8669
The Credit Union Will Be Closed:
We are open:
Memorial Day – Monday May 25
Monday – Thursday: 9:30 a.m. to 5:30 p.m. Friday: 9:30 a.m. to 6 p.m.
Saturday and Sunday: Closed
Independence Day – Friday July 3th
24 hour access: www.torranceccu.org CU Service centers: www.co-opsharedbranch.org
Printed on recycled paper containing 10% post-consumer fiber
Protect Yourself
TruStage™ Auto & Home Insurance Program
Exclusively for credit union members like you, the TruStage Auto & Home
Insurance Program provides top-quality, affordable protection. You could enjoy
discounted rates combined with online convenience and 24/7 claims service.
Get a free quote today by calling 1-855-483-2149 .
TruStage™ Auto and Home Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not
available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by
your credit union.
MAH-1112-7C9E
Using your TCCU ScoreCard MasterCard Enters You in
25,000 Free Points Drawings!
Every month until December 31, 2015 each eligible ScoreCard
Rewards Card purchase enters you in a drawing for 25,000 points!
Get airline tickets, luggage, electronics or other great merchandise.
Of course you always earn one point for every dollar you spend.
Visit our website at torranceccu.org to check out ScoreMore and
learn how to earn points even faster!
With TurboTax® and Torrance Community
Credit Union, it’s easy to do your own
taxes and save. TurboTax coaches you
every step of the way to the biggest refund you deserve,
searching over 350 deductions and credits as you go. And
TCCU offers you a savings of up to $15 on TurboTax federal
products. Start using TurboTax today and save!
© 2014-2015 Intuit Inc. All rights reserved. State filing charges apply. Limited time offer
for TurboTax 2014. Terms, conditions, features, availability, pricing, fees, service and support
options subject to change without notice. Intuit, TurboTax and TurboTax Online, among
others, are registered trademarks and/or service marks of Intuit Inc. in the United States
and other countries. Other parties’ trademarks or service marks are the property of their
respective owners.
Ready To Rollover an IRA? Be Careful, The Rules Have Changed!
T
he tax code says that if you receive a distribution from an
IRA, you can’t make a tax-free (60-day) rollover into another IRA
if you’ve already done a rollover within the previous 12-months.
The IRS has long held that this rule applied separately to each IRA
account. However, the Tax Court has recently held that only one
60-day rollover is allowed each 12-month period for all your IRAs.
The IRS has now indicated that it will follow the Tax Court’s decision
and apply the one-rollover-per-year limit from January 1, 2015
for all your IRAs.
The revised rule would be applied as follows: All IRAs, including
Roth, SEP, and SIMPLE IRAs, are treated as one. For example, if
you make a 60-day rollover from one Roth IRA to another, you cannot make a 60-day rollover from any other
IRA – including traditional IRAs – within 12 months. The converse is also true – a 60-day rollover from one
traditional IRA to another, will preclude you from making a 60-day rollover from one Roth IRA to another for 12 months.
The one-rollover limit does not apply to direct transfers between IRA custodians, or to rollovers from qualified
plans to IRAs. So what does this mean for you? It’s best to avoid 60-day rollovers whenever possible. Use direct
transfers, which are not subject to the one-rollover limit. Also, the tax consequences of making a mistake can be
significant – a failed rollover may be treated as both a taxable withdrawal (with potential early-withdrawal penalties
if you’re under 59½) and an excess contribution to the receiving IRA.
Article contributed by TCCU Financial Advisor Jeff Murphy.
Follow Jeff on Facebook: Jeff Murphy
Do You Like Us? Then LIKE Us!
You may have heard that we are moving! (We’ve been
crowing about it for a while now!) Our new building is
located at 1511 Cravens Avenue. Many of you know it as the
Old City Hall Building, or now as the Time Warner Building.
We’ll be in sometime in the fall, but we wanted our
members to follow along with all the excitement. So,
we’ve created a Facebook page for the move! We
will be posting pictures and updates as we go through the
renovation process and get to know our new neighborhood.
You can follow us on Twitter too!
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Rates
Deposits
Regular share Share Draft 6 month Certificate 12 month Certificate Loans
0.10%
0.00%
0.34%
0.54%
APR
APR
APR
APR
Platinum MasterCard New Auto Loans
Used Auto Loans 30 Year Fixed Mortgage
8.9 to 18.0% APR
as low as 0.75% APR
as low as 1.00% APR
3.92% APR