First Quarter 2017
www.ksfcu.org • (661) 833-7900
PRIVACY NOTICE
Federal law requires Kern Schools to
inform you about how we collect, share,
and protect your personal information. Our
privacy policy has not changed and may be
reviewed, along with our current practices,
at www.ksfcu.org/privacynotice. Upon
request, we can also mail you a free copy.
Simply call us at (661) 833-7900 or call
(800) 221-3311 (Outside of Bakersfield).
Check Out Our Competitive Auto Loan Rates!
AS LOW AS
%
APR1 FINANCING
2016 IRA Contribution Limits
1) APR = Annual Percentage Rate. The
1.99% APR reflects a 0.25% discount for
maintaining Automatic Transfer Payments
from a Kern Schools Federal Credit Union
account. Rates may differ depending on
Member’s qualifying criteria. Kern Schools
is an Equal Opportunity Lender. Rates are
effective November 1, 2016 and are
subject to change without notice.
APPLY TODAY!
www.ksfcu.org • (661) 833-7900
Federally Insured by NCUA.
Roth IRA • Traditional IRA
Maximum Contribution Limits: $5,500
Catch-Up Contributions Age 50+: $1,000 Additional
Total combined contributions to
Roth and/or Traditional IRAs may
not exceed these amounts.
The IRS allows you to contribute to an existing IRA for the previous year up until the normal federal tax deadline. This means for 2016, you
may contribute until April 18, 2017. If you make your contribution after January 1, but before the April 18 deadline, you will need to
designate the contribution year you intend to target.
Please note, you may also establish an IRA in 2017 for the previous tax year. This establishment deadline is the same as the tax deadline of
April 18, 2017. Please consult with your tax advisor for details on how an IRA may provide you tax-deferred or tax-free savings.
“About Your Credit Union
Accounts” Disclosure
Effective January 1, 2017, a minor change
was made to the “About Your Credit Union
Accounts” disclosure provided at account
opening. Notification of this change is
provided to ensure proper disclosure of a
Credit Union process is provided to you.
Specifically, the Credit Union utilizes the
daily balance method to compute payment
of dividends on checking, money market,
and share certificate accounts. Dividend
payments are determined by applying a
daily periodic rate to the balance in the
account each day.
MARK YOUR CALENDAR
All offices will be closed on:
Martin Luther King Day
Monday, January 16
Presidents’ Day
Monday, February 20
LET US HELP YOU
FRAME YOUR
FUTURE
HOME
MORTGAGES
Apply For A
Home Loan Today!
www.ksfcu.org
(661) 833-7926
Federally Insured by NCUA
We Can Help
You With:
See when a TechSpert
will be in your area!
www.ksfcu.org
• Kern Schools
Card Alerts
• Co-Op ATM
Locator App
• Remote Deposit
Capture
• DataNet/
DataMobile
• Mobile Wallet
• eStatements
Wealth
Management
www.ksfcuinvestments.org • (661) 833-7730
Jim Hussey
Director of Wealth Management
T (661) 833-7588 • [email protected]
CA Insurance License #0E24250
River Run • Town & Country
Patrick Bailey
Financial Consultant
T (661) 833-7438 • [email protected]
CA Insurance License #0E55105
Downtown • Ming • Rosedale • Tehachapi Express
Federally Insured by the NCUA.
We’ve Added a New Feature
to Our New Kern Schools Website!
¡Ahora disponible
en Español!
Now available in Spanish!
Richard Ramos
Financial Advisor
T (661) 833-7762 • [email protected]
CA Insurance License #0F03683
Buena Vista • Delano • Mt. Vernon • Panama
Schedule An Appointment Today!
*Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its
licensed affiliates. Kern Schools Federal Credit Union and Kern Schools Wealth Management Investment and Insurance
Services are not registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through
LPL Financial are not insured Kern Schools Federal Credit Union deposits and are not NCUA insured. These products
are not obligations of Kern Schools Federal Credit Union are not endorsed, recommended or guaranteed by Kern Schools
Federal Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is
not guaranteed, and loss of principal is possible.
Special Rate on
BALANCE
TRANSFERS
LIMITED TIME ONLY!
MESSAGE FROM
Steve Renock
President/CEO
Recently, there has been a lot of publicity
about big financial institutions taking
advantage of their customers. Rather than
Federally Insured by NCUA.
Transfer your higher interest rate balances
to a Kern Schools Visa Credit Card
between January 1 and March 31, 2017!
Rates As Low As 4.99% APR*
Standard Rates As Low As 8.50% APR*
*APR= Annual Percentage Rate. Actual rates are
based on your creditworthiness. Promotional
Rates range from 4.99% APR to 12.99% APR
and will apply to balance transfers made
through March 31, 2017. Standard Rates range
from 8.50% APR to 17.90% APR and will apply
beginning with your April 2017 statement cycle.
Rates are variable and are subject to change. All
loans are subject to credit approval. Fees
include a cash advance fee of $10.00 or 2.00%
of each cash advance, whichever is greater, and
a foreign transaction fee of 1.00%, in U.S.
Dollars, for certain international transactions.
UPCOMING COMPLIMENTARY
FINANCIAL WORKSHOPS
February 2017
Estate Planning
March 2017
Home Buying | Cyber Security
Kern Schools’ Administrative Offices
11500 Bolthouse Drive in Bakersfield • 6:00 p.m. - 7:30 p.m.
To RSVP or view additional workshop details and locations, please visit
www.ksfcu.org or call (661) 833-7900.
Makes
Cents
Checking
Suite of Apps
Mobile
Wallet
talk about what others are doing wrong, I
would like to focus on what Kern Schools
Federal Credit Union is doing right!
Every day when our team comes to work
we have one goal. We try to do the right
things for the right reasons for our Members.
As a local not-for-profit, Member-owned
credit union, we have only one master to
serve – you, our Members. Because of our
cooperative structure, we do not have to
concern ourselves with the demands of
some distant institutional investors who are
solely interested in a financial return. We
concern ourselves with making sure our
Members have the right products and
services that meet their needs. Whether it
is a savings account for your children’s
college fund, a loan to buy a needed
vehicle, or a mortgage for a home, we want
to make sure you have what you need to
reach your goals. Our online and mobile
access services help you reach us from
virtually anywhere, anytime, and we
Everywhere
Cash Savings
provide educational seminars to help you
make the right choices. These are only a
Everyday
Rebate Rewards
Are you utilizing
your Makes
Cents Checking benefits?
few of the things we do to help make our
Members’ lives better.
Everywhere Cash Savings
1
Mobile Card Alerts
Wallet Online & Mobile Banking
Everyday Rebate Rewards
Get rewarded by purchasing items you use every day! Get
10% back, up to $10 per quarter,
just for Cash
sending
us your
Everywhere
Savings
receipts. That’s up to $40 each year!
Federally Insured by NCUA.
1 At the end of each quarter, send an Everyday Rebate Rewards request form and receipts for up to $100 of purchases to
receive 10% back for a total of up to $10 each quarter (up to $40 annually). Receipts must be a minimum of at least $10
each quarter and membership must be active at time of purchase and redemption to receive a rebate.
Thank you for your loyal Membership! And,
we will continue to work diligently to earn
your trust and loyalty every day.
How Suite It Is...
Where will $25,000
take you?
Check out Kern Schools Federal Credit Union’s Suite of Apps!
Kern Schools has teamed up with TurboTax® to save you up to $15 on TurboTax
federal products, and a chance to win
$25,000!
Data Mobile
Just try TurboTax Online for FREE (and
provide your email address) by February
16th to be automatically entered in the
TurboTax $25,000 Payday Sweepstakes.1
Card Alerts
With “Auto Finder”
ATM Locator
Try TurboTax for FREE
to be entered to win!
Mobile Wallet
Visit http://turbotax.intuit.com/lp/yoy/guarantees.jsp for TurboTax product guarantees and other important information.
1 TurboTax $25,000 Payday Sweepstakes. NO PURCHASE OR FINANCIAL DISCLOSURE NECESSARY. Open to legal residents of the fifty (50)
United States or the District of Columbia, 18 years of age or older at time of entry, who are customers of participating Financial Institutions or
employees of participating businesses. Void in Puerto Rico and where prohibited by law. Sweepstakes ends 2/16/17. Subject to complete Official
Rules and all applicable federal, state and local laws. For Official rules including odds of winning, alternate method of entry, and prize descriptions,
visit the Official Rules. PRIZES: 1 Grand Prize: A check for $25,000. Retail value, $25,000. 12 First Prizes: A check for $1,000. Retail value, $1,000
To Learn More Please Visit:
each. Maximum retail value of all prizes is $37,000. The odds of winning a prize depend upon the total number of eligible entries received by the
www.ksfcu.org/apps
end of the Promotion Period. SPONSOR: Intuit Inc., 7535 Torrey Santa Fe Rd, SDG-2A-03-22E, San Diego, CA, 92129.
State filing charges apply. Limited time offer for TurboTax 2016. 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.
Save up to $15 on Turbo Tax!
Apple Pay is a trademark of Apple, Inc. Android PayTM is a trademark of
Google, Inc. Samsung PayTM is a trademark of Samsung Electronics Co., Ltd.
Talk about savings.
Say hello to the Sprint Credit Union Member Discount.
Learn more
• Call: 877.SAVE.4.CU
• Visit: SprintStoreLocator.com
• Click: LoveMyCreditUnion.org/Sprint
Members
Save
10
%
Federally Insured by the NCUA.
Business
Members Save
or
15
%*
On select regularly priced Sprint
monthly data service.
Valid in conjunction with other credit
union and most Sprint national handset
offers and promotions.
Restrictions apply. *May be req. up to
new 2-yr agmt/activation per line.
Be sure to mention this code for your discount
• Members: NACUC_ZZM
• Business Members: NACUC_ZDS_ZZM
Credit union membership validation is required.
Activ. Fee: may req. up to $30/line. Credit approval req. Early Termination Fee (sprint.com/etf): After 60 days for CL only, up to $350/line. SDP Discount: Avail. for eligible company employees or org. members (ongoing
verification). Discount subject to change according to the company’s/org.’s agreement with Sprint and is avail. upon request for select monthly data svc charges. Discount only applies to data svc for Better Choice Plans,
Sprint Family Share Pack and Unlimited, My Way plans. Not avail. with no credit check offers or Mobile Hotspot add-on. Limit one SDP discount per account. CL Discount: Avail. for company/org. liable business lines. Tax ID req. to
establish acct. Discount subject to change according to the company’s/org.’s agreement with Sprint and is avail. upon request for select monthly data svc charges. Discount only applies to data svc for Better Choice Plans, Sprint
Family Share Pack and Unlimited, My Way plans. Not avail. with no credit check offers or Mobile Hotspot add-on. Limit one CL discount per account. Other Terms: Offers and coverage not available everywhere or for all phones/
networks. Restrictions apply. See store or sprint.com or lovemycreditunion.org/Sprint for details. © 2016 Sprint. All rights reserved. Sprint and the logo are trademarks of Sprint. Other marks are the property of their respective owners.
©2016 CU Solutions Group 08/2016 137822
OFFICES
Z132_137822 Sprint WAF Removal Newsletter 8x2_5 Color_F1.indd 1
Buena Vista
Delano
Downtown
Ming
Mt. Vernon
Panama
Rosedale
River Run
Town & Country
Tehachapi
Home Loan Center
DEPARTMENTS
Communications Center
Business Services
DataVoice
Home Loan Center
3300 Buena Vista Road, Ste. J
1828 Cecil Avenue, Ste. A & B
2424 Chester Avenue
4530 Ming Avenue
3901 Mt. Vernon Avenue
5001 Panama Lane
13129 Rosedale Highway
6101 Coffee Road
8200 Stockdale Highway, Ste. P
821 Tucker Road, Ste. A & B
4530 Ming Avenue
(661) 833-7900 / (800) 221-3311
(661) 833-7530 / (866) 854-6328
(661) 831-5900 / (800) 248-3336
(661) 833-7926
OFFICE HOURS
8/11/16 3:59 PM
Monday - Thursday
Friday
Saturday
9:00 a.m. - 5:00 p.m.
9:00 a.m. - 6:00 p.m.
9:00 a.m. - 1:00 p.m.
Downtown and Town & Country are closed on Saturdays.
Tehachapi
Monday - Friday
10:00 a.m. - 6:00 p.m.
www.ksfcu.org
Federally Insured by the NCUA.
2017
for the
ANNUAL BUSINESS MEETING • Applications
Board of Directors
If you wish to be considered, or would like to nominate one of your peers, for a position on the 2017-2018
Kern Schools Federal Credit Union Board of Directors, application packets for potential candidates are
available at all branch offices. As required by Kern Schools bylaws adopted in accordance with NCUA
regulations on June 27, 2011, potential candidates must obtain the signature of 500 Kern Schools
Members to be considered; the “Signature Petition” form is included in the application packet. The
deadline for application submission is no later than Friday, February 24, 2017, 12:00 p.m. (noon).
Mail or Deliver Application to:
Mail
Kern Schools Federal Credit Union
Attn: Patti Reed
P.O. Box 9506
Bakersfield, CA 93389-9506
If you have any questions, please contact
us at (661) 833-7900, extension 6100.
Deliver
Kern Schools Federal Credit Union
Administrative Offices
Attn: Patti Reed
11500 Bolthouse Drive
Bakersfield, CA 93311
EVENT INFORMATION TO FOLLOW
IN THE COMING WEEKS.
2017 Incumbent Biographies
In the event of an election, candidate biographies will be available at all ballot sites.
Incumbents running for re-election are: Dr. Bill Bruce, Dr. James Fillbrandt, Ms. Joanne Mills, and Ms.
Marilyn Jones. If the number of nominees equals the number of positions to be filled, an election will
not be conducted by ballot and there will be no nominations from the floor.
Dr. Bill Bruce
Dr. Bill Bruce retired following a forty-one (41) year career as a teacher, high school principal
(Bakersfield High, Foothill High, Frontier High, and West High) and district-level administrator. Since
joining Kern Schools Federal Credit Union’s Board of Directors in 1990, he has served as Board
Chairperson and Treasurer. Currently, Dr. Bruce serves as Vice-Chairperson for the Board of
Directors, Chair of the Credit Union Services Organization Committee, and member of the
Asset/Liability and Personnel & Policy Committees. Dr. Bruce’s community involvement includes
more than thirty (30) years as an elected Trustee of the Fruitvale and Panama-Buena Vista Union
School Districts.
Dr. James Fillbrandt
Dr. James Fillbrandt joined Kern Schools Federal Credit Union’s Board of Directors in 1972.
Following a forty-nine (49) year career in education, he retired as Kern High School District Associate
Superintendent of Personnel. Dr. Fillbrandt’s service to Kern Schools encompasses most of the
Board’s officer positions as well as committee assignments. Currently, Dr. Fillbrandt serves as Chair
of the Personnel & Policy Committee and is a member of the Facilities and Asset/Liability
Committees. His community involvement includes affiliation with local, state, and national education
organizations. In addition, he actively promotes the arts in Bakersfield as Executive Producer of
Bakersfield Music Theatre and Stars Theatre Restaurant.
Ms. Marilyn Jones
A Speech Language Pathologist for the Kern County Superintendent of Schools Office, Ms. Marilyn
Jones’ career serving students has spanned more than thirty-eight (38) years. She has served on
Kern Schools Federal Credit Union’s Board of Directors since 1992. During her tenure, Ms. Jones
has served as Board Chairperson. Currently, she is the Board Secretary, Chair of the Credit Union
Services and Education Committees, as well as a member of the Loan Review and Electronic Risk
& Security Assessment Committees. A lifetime member of the California Teachers Association (CTA),
Ms. Jones’ community involvement includes service as a committee chair in her CTA chapter as well
as various education-related committees.
Ms. Joanne Mills
Ms. Joanne Mills retired as a Project Specialist-GATE Coordinator for the Kern High School District
following a thirty-three (33) year career in education. She has served as a member of Kern Schools
Federal Credit Union’s Board of Directors since 2002. Currently, Ms. Mills serves as the Board’s
Second Vice-Chairperson and is a member of the Credit Union Services, Education, Loan Review,
and Electronic Risk & Security Assessment Committees. Ms. Mills is an active advocate of student
credit union partnerships and financial literacy education. Her community involvement includes
service with numerous local, county, and state educational organizations.
Federally Insured
by the NCUA