APR | 2013
your money
Adding Value to the Neighborhood
Spring Used Car Sale!
I N T H I S I S S U E
pr e s i d e n t ’ s m e s s a g e
Get Mobile
P r ot e c t Yo u r
Account While
Online
B u y i n g a N e w Car ?
S o m e I n s u ra n c e T i p s
2 0 1 3 S c h o o l S u pp ly
Dr i v e
G e t a 2 5 % R e b at e o n
R e a l E s tat e F e e s
At t e n d a F r e e H o m e
B u y e r ’ s S e m i n ar
LBS Financial Credit Union’s Spring Used Car Sale is
scheduled for Saturday and Sunday, April 13-14, 2013
at Long Beach City College’s Veterans Stadium in
Long Beach. We’ve dropped all of our used auto loan
rates just for this weekend and are offering auto loan
rates as low as 1.99% APR* for up to 48 months with
no money down. Other rates and terms are available up
to 84 months.**
Financing is easy – just show up at the sale and we can
approve your loan on the spot. No need to get preapproved in advance.
We will have an excellent assortment of vehicles on-site, including economy cars, luxury
cars, sedans, SUVs, mini vans, hybrids and more. All vehicles are provided by AutoNation
(Power) stores and come with a 3-day money back guarantee.***
Rain or Shine!
Saturday, April 13 from 9:00 am – 6:00 pm
Sunday, April 14 from 10:00 am – 5:00 pm
Veterans Stadium, Long Beach
562.598.9007
714.893.5111
www.lbsfcu.org
RATES AS LOW AS
1.99%APR*
48 Months/100% Financing
Free hot dogs, sodas and waters will also be available. We hope to see you there!
*Annual Percentage Rate (APR). Rates may vary by amount financed, term and your credit history. Some restrictions apply. Rates,
terms and conditions are subject to change without notice. 1.99% APR is offered for terms of 48 months or less; this rate is available
only for well qualified buyers with a FICO score of 750 or greater during LBS Financial Credit Union’s sale on April 13 & 14, 2013.
For a $20,000 auto loan at 1.99% APR for 48 months, your payment would be $434.02. No additional discounts apply. Must apply at
the sale for financing to be eligible for sale rates.
**84 month financing only available on loans of $20,000 or more and for FICO credit scores of 690+.
***Maximum miles driven from date of purchase of no more than 150.
President’s
Message
As tax season comes to
an end, it’s a great time
to revisit your finances
for the year. Hopefully
you’ll be getting a refund and the opportunity to make
a decision about how to use or invest that money.
Most of us have already felt the impact of the expiring
tax cuts and could really use some financial planning.
Below are a few ideas on ways to make your refund
work for you:
• Pay off debt: Use your refund to make your
pocketbook a little lighter all year round. When you pay
down your debt, eventually you will have more money
after every paycheck (and you won’t be paying interest
on borrowed money). With savings rates as low as they
are in this economy, paying off or down your debt is
best before you can start to save.
• Invest in necessities: You may have a car that’s
on its last leg or need to improve your living situation.
Using your refund as a deposit to reduce the amount
you borrow on a car or towards a down payment on
a house are important investments in your life and
well-being.
• Save or invest: If you’ve paid down your debt, then
you are in a good place to start saving. Ideally, you
should set aside enough money for three months of
living expenses as your emergency fund. Once you have
a good cushion set aside (and untouched!), you should
make sure you are saving enough for retirement and
increase the amount you are investing.
As your Credit Union, we hope to make your life a little
easier. Our goal is to offer you loans that make sense
financially and save you money. While savings rates
continue to be at all time lows in our economy, we
are pleased to offer our Members some of the highest
deposit rates in the marketplace. Whether you are a
borrower or saver (or both!) we are your partner.
I hope you find our April newsletter useful and
informative. We have moved back to a quarterly
newsletter that is now inserted with your statement
(or emailed to our Members with eStatements). This
change allows us to communicate with you about the
Credit Union more often, but in a cost-effective way.
Thank you for your continued support of the Credit Union!
I wish you and your family a successful year ahead and
hope that we can be here for you along the way.
Best Regards,
Jeffrey A. Napper
President & CEO
2
Get Mobile
Our new Mobile Banking apps have been well-received! There are already over
6,000 Members using our apps. If you haven’t already, it’s time to “Get Mobile.”
Enjoy these Features and Benefits:
• It’s free to use!
• Safe and secure access to your account
• 24/7 access to your account – check balances,
history, transfer funds and pay bills
• Save time and gas - less need to visit a
branch or access a PC; everything’s at your
fingertips
• Find the closest no-surcharge ATM or
branch location
How Do You Protect My Information?
Mobile Banking is covered by all of the same security standards as CU OnLine,
our online banking. We use 128-bit Secured Socket Layer (SSL) strong encryption
during your online sessions. Your password is never stored or remembered on your
phone and your login session automatically disconnects after a period of inactivity.
Access for Almost Any Phone
Apps are available in the iTunes and Google Play stores for iPhones and Androids
devices. Other phones can access a mobile site through their phone’s internet
browser.
You must have a login and access to CU OnLine, our online banking, to be able to
access Mobile Banking. Visit our website at www.lbsfcu.org for links to apps and
more information.
Protect Your Account While Online
LBS Financial has strong security in place to protect your account but there are also
measures you should take to ensure you are protecting your account online.
• Strong Passwords: Use a combination of letters, numbers and characters.
Don’t use easily guessed passwords like birthdays or your home address.
• Protect your Computer: Renew your anti-virus protection each year and
make sure it’s always up-to-date. Make sure you have a personal firewall
(unless you are running a dial-up connection). Anti-malware software is
also helpful for scanning and protecting your computer. If you can’t afford
to purchase these at retail, check with your Internet Service Provider (ISP).
ISPs often provide free or discounted security software bundles.
• Email Safety: Do not email private information. Emails are generally not
encrypted. If you need to communicate with the Credit Union about your
account, use our secure online forms in the Contact Us section of our main
website (www.lbsfcu.org) or send a secure message within CU OnLine (click
on Messages in the top right, then “create” a message to the Credit Union).
• Sign off and Log Out: Always log out of CU OnLine before closing
your browser.
For more information and tips to help you protect your computer, visit these
government websites:
• https://www.us-cert.gov/cas/tips
• https://www.onguardonline.gov
Buying a New Car?
From Our Members
When I purchased my car last year, I realized I was
paying way too much on my interest rate through
another lender. I refinanced my loan with LBS and
brought down my rate and payments signif icantly!
I am so grateful to Mr. Alvarez who assisted us with
the application and improved our situation. I have to
say that the staff at the Cerritos branch has to be the
best in the world! Thank you so much for what you do
for the Members. We are very fortunate to have such a
wonderful service in the community!
-La Nedra (30-year Member)
Some Insurance Tips
Buying a new car can be both exciting and overwhelming. There's a lot to consider, with
a wide range of options, makes, models and features. Then there are financing and car
insurance costs. It's a great idea to be prepared before you start shopping, to make the buying
process both quicker and easier.
Pick the right car for you
Before you start test driving, make a list of what you are looking for in a new car. As you
are writing the list, think about the same concerns a car insurance company would consider
when quoting you a rate, such as:
Get a 25% Rebate on
Real Estate Fees
• How do you use your car?
• How many passengers do you typically carry?
• How often do you drive your car?
• Where do you drive and how many miles?
If you are considering buying or selling your home,
you might want to take advantage of our new
HomeBenefitsPlus Program. LBS Financial has partnered
with HomeBenefitsPlus to offer our Members a 25% rebate
on their real estate broker’s commission.
These factors will help you pinpoint the best car for you, while also helping to keep your car
insurance premium down.
Consider features before you buy
Make a list of all the features and options that are important to you, such as head and leg
room, transmission type, engine, trunk size, airbags, security system, anti-lock brakes and
other safety features. Car insurance companies often give discounts for some of these items;
saving you money on your overall quote.
What's the total cost?
Before you buy you should always factor in all costs involved with buying a new car,
including sticker price, gas, maintenance, financing rates, taxes and car insurance. How much
you pay for your car has a powerful effect on your car insurance premium. A luxury car with
all the latest safety features will typically cost more to insure than a no-frill economy car, due
in part, because the higher-priced car may be more expensive to repair or replace.
How Does it Work?
1. Before you select a real estate agent, contact
HomeBenefitsPlus by visiting the website at
lbsfcu.homebenefitsplus.com or calling 888.603.9563
(let them know you are a Member of LBS Financial
Credit Union).
2. One of HomeBenefitsPlus’ Counselors will contact you
to discuss your situation and match you based on your
real estate needs with a carefully selected, experienced,
full-time, professional real estate agent with proven
track records of outstanding customer service. Your
agent will be an expert on the area where you are
selling your home or intending to buy.
Comparison shop
Before you make your final decision, call our valued partner, Apollo Insurance Services for a
free quote at 800.939.6633 or visit www.apolloinsuranceservices.com/lbsfcu. Their licensed
insurance consultants specialize in finding LBS Financial Members the best coverage at the
lowest possible rates. Plus LBS Financial Members also qualify for special discounts which
can help save you even more!
Insurance products offered through Apollo Insurance Services, Inc., California Insurance License # 0394033 Insurance products 1)
are not NCUSIF insured; 2) are not obligations of or guaranteed by the credit union or any affiliated entities; Insurance products not
available in all states.
2013 School Supply Drive
LBS Financial Credit Union's third annual Adopt-a-School Program launches on June 1st. The Credit Union is
working with ABC Unified School District, Bellflower Unified School District and Long Beach Unified School
District to select schools for 2013.
Each school/district will be providing a wish list of supplies which will be available at our Greater Long Beach
area branches and on our website beginning on June 1st. You may also pick up a list at any of our Greater
Long Beach area branches. We encourage Members to help us with the school supply drives by reviewing the
lists and dropping off supply donations at a branch before August 23, 2013.
Last year's program was a great success, thanks to our Members and employees of the Credit Union for their
donations to Tracy High School (ABCUSD), Hamilton Middle School (LBUSD) and Bellflower Unified School
District. We hope to make a positive impact with our newly adopted schools in 2013 and help them off to a
great start of the new school year!
3. At the end of your real estate transaction, you will
receive a 25% rebate on the selling or listing side of the
real estate commissions. The rebate will be received as a
credit in escrow.
If you are buying a new home, don’t forget to contact the
Credit Union to get pre-approved! Just visit our website
at www.lbsfcu.org and click on Mortgage Center for our
online pre-approval process or call us at 562.598.9007, ext.
5277 or 5272.
EXAMPLE: You are buying a $300,000 home
offered for sale with a real estate commission,
using an agent referred by HomeBenefitsPlus.
At a 3% rate, the commission paid to the real
estate agent representing you would be $9,000.
You would receive a rebate of $2,250.*
At a 2.5% rate, the commission paid to the real
estate agent representing you would be $7,500.
You would receive a rebate of $1,875.*
*Rebates are subject to state and federal law and lender
approval. The following states currently prohibit rebates:
Alabama, Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri,
Oklahoma, Oregon and Tennessee. Void where prohibited.
3
Attend a Free Home Buyer’s Seminar
LBS Financial is hosting three free home buyer’s seminars in April, May and June to educate Members about buying a home in today’s
market. Attend one of our seminars and receive a free appraisal ($350+ value!) to be used on a purchase or refinanced home loan
through LBS Financial, at close of escrow.
Wednesday
Tuesday
Saturday
April 17, 2013
May 21, 2013
June 22, 2013
6:00 pm – 7:00 pm
6:00 pm – 7:00 pm
10:00 am – 11:00 am
Lakewood Branch
Los Altos Branch
Cerritos Branch
4916 Bellflower Blvd.
Lakewood, CA 90713
6417 East Spring Street
Long Beach, CA 90808
11239 183rd Street
Cerritos, CA 90703
RSVP today! Call us at 800.527.3328, ext. 5279.
*Offer may not be used to refinance an existing LBS Financial home loan. Coupon good through October 1, 2013. Must be present for complete one-hour seminar to receive the free appraisal coupon.
Save 10% with Sprint Nextel
Why Throw Away Your Money?
LBS Financial Credit Union Members can take advantage
of exclusive savings on Sprint Nextel services.
Visit www.SprintSave4CU.com to learn more about this
discount plan.
Office Hours & Locations
Mon
Tues
Bixby Knolls*
10 - 5
10 - 6:30
10 - 5
10 - 5
10- 5:30
9-5
Cerritos
Closed
11:30 - 7
11:30 - 7
11:30 - 7
11:30 - 7
9-5
4436 Atlantic Avenue
11239 183rd Street
WedThurs Fri Sat
East Long Beach*
10 - 5
10 - 6:30
10 - 5
10 - 5
10 - 5:30
9 - 12
Lakewood*
10 - 5
10 - 6:30
10 - 5
10 - 5
10 - 5:30
9-5
Los Altos
Closed
11:30 - 7
11:30 - 7
11:30 - 7
11:30 - 7
9-5
9 - 5
9 - 5
9 - 5
9 - 5
9 - 5
Closed
8:30 - 5:30
8:30 - 7
8:30 - 7
8:30 - 7
9 - 7
8:30 - 5
4341 E. 10th Street
4916 Bellflower Boulevard
6417 E. Spring Street
Newport-Mesa
1401 Quail Street
Call Center
*Walk-up windows open Monday - Thursday at 8:30 am and Friday at 9 am. Lakewood’s is open
until 7 pm Monday - Friday. Bixby and Lakewood walk-up only on Saturday.
LBS Financial’s Supervisory Committee
Encourages monthly account statement review to ensure accuracy. They also want to ensure that you are
completely satisfied with LBS Financial Credit Union’s service and encourages contact with them if an issue arises
and is not resolved to your satisfaction. LBSFCU Supervisory Committee, P.O. Box 4860, Long Beach, CA 90804
Rates
As of April 1, 2013. All Rates are subject to change without notice.
Savings
Dividend Rate
APY
Share Savings
Average Daily Balance below $100
0.10%
0.10%
Average Daily Balance $100 or above
0.15%
0.15%
Money Market
$100,000 and above
0.40%
0.40%
$50,000 to $99,999
0.30%
0.30%
$25,000 to $49,999
0.25%
0.25%
$2,500 to $24,999
0.20%
0.20%
Below $2,500
0.15%
0.15%
0.15%0.15%
Club/SPECIAL SAVINGS
Loans Rates Quoted as low as APR
Signature Loan Unsecured*11.65%
Auto, Truck, SUV (Up to 36 months)**
New
Used
100% Financing
2.25% 2.49%
80% Financing
2.00%***
2.25%
Boats/RVs – New or Used
6.75%7.25%
80% Financed up to 66 months/New**
Motorcycles – New or Used
7.74%8.25%
100% Financing up to 48 months/New**
Share Certificates
3 month ($1,000 min.)
6 month
12 month
All Rates Quoted in Annual Percentage Yield (APY)
Bronze Silver Gold Jumbo
($2,500 min.) ($20,000 min.) ($50,000 min.) (Over $90,000 min.)
0.30%
0.35%
0.40%
0.45%
0.35%
0.40%
0.45%
0.50%
0.40%
0.45%
0.50%
0.55%
Savings: The dividend rates and APY are anticipated and paid on the entire balance in the account. Fees or other conditions may reduce earnings on the account. Certificate terms available:
3,6,9,12,18,24,30,36,42,48,60 months. IRA: 6,12,18,24,30 months. Loans: Rates are quoted as the lowest rate available, in Annual Percentage Rate (APR) and reflect a .25% discount for
automatic payment transfer from Savings or Checking or payroll deduction.
*Signature Loan financed to 5 years, $22.08 per $1,000 borrowed. **Longer terms are available for these products. Contact the Credit Union for details. ***A loan at 2.00% APR for 36
months with a 20% down payment will have a monthly payment of $28.66 per $1,000 borrowed. Rates and terms vary based on Member’s credit history and amount financed. Rates and
terms are subject to change at any time. Rate reflects a .25% discount for automatic transfer from an LBS Financial Checking or Savings account and a .25% discount for a new or used auto
purchase (2007-2013) from one of our select auto buying services.
Your Money is published exclusively for Members of LBS Financial Credit Union. Email: [email protected]
Jeffrey A. Napper,
President & CEO
Heather Summers, Marketing SVP/Editor
®
Rosalina Vergara, ©LBSFCU 2013
Marketing Manager, Assistant Editor All rights reserved