April 2011 Ontario-Montclair School Employees Federal Credit Union Service, Sincerity and Security Since 1961 Lowest Auto Loan Rates EVER! In February, our OMSEFCU Board of Directors voted to adopt 3.24% APR* as the Credit Union’s base rate for new and used auto loans. Our rates have never been lower! With rates as low as 3.24% APR* now available, a pre-approved OMSEFCU vehicle loan gives you a big advantage when you shop for your next new or used vehicle. We’ll Still Meet or Beat Other Lenders’ Offers! Has another lender offered you low-rate financing? Bring us the paperwork and give OMSEFCU a chance to meet or beat the offer! We’ll do everything in our power to meet or even beat it! If you are already making car payments to another lender, you can apply to refinance your loan with OMSEFCU and reduce your rate and payments, perhaps dramatically! Current OMSEFCU loans are not eligible. Rates are also available to those who have a vehicle that is either paid off or has sufficient equity to pay off and close higher-rate loans or credit cards. It’s a great way to save money! Call our Loan Team at (909) 983-1959, option 2, or e-mail Loan.Department@omsefcu.org. Apply on-line at www.omsefcu.org. *APR = Annual Percentage Rate. Rates quoted here are the lowest available for our best borrowers; however, reduced rates are available to all qualifying borrowers on approval of credit. Looking Forward to No More Mortgage Payments? If you are nearing retirement and want an honest, straightforward, short-term mortgage in order to pay off your home sooner and get rid of your mortgage payments altogether, call us. With mortgage rates at historic lows, you can apply for a 15-year or even a 10-year mortgage at an extremely low rate and low monthly payments. Move Your Home Loan to OMSEFCU For: • • • • • • • • Low rates 15 year Conforming: 4.125% APR** 30 year Conforming: 4.750% APR** Low fees Personalized service Honest and simple-to-understand terms No prepayment penalties Special, customized retirement planning offering lower rates and terms to fit your life goals. For more information on refinancing your mortgage with OMSEFCU, please call our Loan Service Team at (909) 983-1959, Option 2, stop by our office, or e-mail us at Loan.Department@omsefcu.org. **APR = Annual Percentage Rate. Rates as of March 11, 2011. Contact OMSEFCU for details. INSIDE THIS ISSUE: • Auto Loan Rates Down to 3.24% APR*! • Looking Forward to NO Mortgage Payments? • OMSEFCU VISA Among Best in Nation • Important Tax Info Notice • 50th Annual Meeting Notice • Join Our Board of Directors! OMSEFCU VISA Rated Among Best in Nation Nationwide consumer-advocate organizations are fighting the unfair, consumer-gouging practices of many of the nation’s major credit card issuers. Credit Card Connection (www.creditcardconnection.org) is your link to the most fair and ethical credit card programs in the United States. OMSEFCU’s VISA program has earned Credit Card Connection’s highest, five-star rating and its Seal of Approval for fair and ethical practices. We are proud to be among the nation’s top-rated credit card issuers. OMSEFCU Honored on “Dean’s List” Many of the big credit card companies landed on Credit Card Connection’s “Detention List of Lenders to Avoid” because of their extremely high, changeable rates, outrageous fees and unfair practices. In spite of recent consumer-protection legislation, they are finding ways around it. ~IMPORTANT~ FEE SCHEDULE CHANGES Please see the enclosed new Fee Schedule. It goes into effect May 16, 2011, and will impact our Share Draft Overdraft and NSF Fees. TAX INFORMATION NOTICE ATTENTION: Year-End Loan Interest totals shown on 12/31/10 statements do not include annual totals and should not be used for tax purposes. They only include applicable fees and interest charges for billing periods on or after 06/25/10. If you have questions, please call our Loan Team at (909) 983-1959, option 2. In stark contrast, many credit unions have earned a place on the honor roll of financial providers, and OMSEFCU is on Credit Card Connection’s national “Dean’s List.” Isn’t it time you moved your credit card account to OMSEFCU’s ethical, consumer-friendly VISA Card program? Our VISA Card Program Offers: • • • • • • • • • Very low, fixed rates No annual fee 24/7 fraud protection 25-day grace period on purchases* Worldwide acceptance Free rewards program (Platinum VISA) Credit-builder program (Classic VISA) ATM access at more than 300,000 ATMs Access your VISA account on-line Our VISA Platinum card offers an excellent, low, fixed rate and added benefits including fee-free balance transfers, a 25-day grace period on purchases*, free rewards points and much more! Our VISA Platinum card is honest, simple and easy to understand with no tricks or confusing terms. To learn how you can save money by transferring a credit card balance from another lender to OMSEFCU, call us. Save money and discover the peace of mind that comes from doing business with your Ontario-Montclair School Employees Federal Credit Union, a safe, sound and trustworthy financial resource. (909) 983-1959, Option 2, or email: Loan.Department@omsefcu.org * No grace period on cash advances. th Annual Meeting, May 4 Our 50th OMSEFCU Annual Meeting will be held on Wednesday, May 4, 2011, at the OMSD Conference Center Rooms B1 and B2. We will have our usual delicious buffet dinner, outstanding door prizes, and of course our business meeting and elections. Interested in Serving on Our OMSEFCU Board? There are two open seats available on our OMSEFCU Board of Directors. If you are interested in serving on the Board, we invite you to apply. Please call or e-mail Executive Vice President Madeline Montano at extension 214 or mmontano@omsefcu.org by April 22. If accepted, your name will appear on the ballot for our annual election on May 4. H O L I D AY S C H E D U L E Memorial Day ................................Monday, May 30 Independence Day.......................... Monday, July 4 ONTARIO-MONTCLAIR SCHOOL EMPLOYEES FEDERAL CREDIT UNION 1520 N. Palmetto Avenue, P. O. Box 1697, Ontario, CA 91762 Office: APL: FAX: (909) 983-1959 (909) 983-0091 (909) 988-5130 Office Hours: Monday & Friday Tuesday through Thursday 9 a.m. – 6 p.m. 10 a.m. – 5 p.m. Web site: www.omsefcu.org Robert H. Hamm, President/CEO