Take the Plunge and Buy Your Dream Boat or RV!, from homepage
Are you anticipating a great summer getaway? Then buy something the entire family can enjoy!
Whether you're looking for an RV (recreational vehicle) for traveling in comfort or a boat for relaxing on the lake, we can help with all your recreational needs! For a limited time only, CFCU is offering special rates for RVs and personal watercraft as low as
5.99% NEW/6.49% USED
These special rates are available for limited time only - so don't delay! Submit your application online and receive an instant loan decision, stop by your local CFCU branch, or call us at 510-627-5000 or toll-free 800-232-8101.
New MySavings Account, from homepage
The MySavingsSM account is designed to encourage the practice of saving. It is not a one-time special or a limited time offering.
To qualify for the MySavingsSM account, you:
- Must be 21 years or younger.
- Must be primary on the membership.
- Can have only one MySavingsSM account.
- Must opt-out of paper statement and sign up for eStatements.
MySavingsSM account balances of up to $1,000 will earn a rate of 6.77% (7.00% APY**). Balances of $1,000.01 and above will earn our regular Member Savings rate, currently 1.25% (1.26% APY***).
You don't need to have a lot of money to earn a high yield. Open a MySavingsSM account TODAY!
For more information, stop by your local CFCU branch or call us at 510-627-5000 or toll-free 800-232-8101.
*7.00% APY on balances up to $1,000.00. Balances of $1,000.01 and above will earn our regular Member Savings account yield. One MySavingsSM account per member. Due to having two balance tiers on this account, balances over $1,000.00 will result in a blended yield. For example, if you maintain a $1,500.00 balance during the statement cycle, the first $1,000.00 would earn a 7.00% APY and the remaining $500.00 would earn a 1.26% APY (as of 11/13/07), resulting in a blended APY of 5.22%.
**Annual Percentage Yield (APY) is effective as of 11/13/2007 and subject to change without notice. Dividends are compounded daily and paid monthly.
***Annual Percentage Yield (APY) is effective as of 11/13/2007 and subject to change without notice. Dividends are compounded daily and paid monthly.
In Turbulent Times, You Can Always Count on CFCU,from homepage
The newspapers continue to be filled with bad news from the financial services industry:
- Huge losses on real estate investments at some of the nation's biggest banks.
- Large mortgage lenders, such as CountrywideTM and IndyMac®, being sold at fire sale prices or being taken over by their regulators.
- Increasing worries about the health of mortgage lending giants Fannie Mae and Freddie Mac.
Where can one turn in times like these? The answer remains the same as always: Chevron Federal Credit Union.
We're not glamorous. We're not trendy. What we are is a member-owned not-for-profit financial institution that always has its members' best interests in mind. This means that we strive to provide you with consistently good value - with great rates and personal service.
It also means that we don't follow the crowd - or in this case, bankers - who loaned money without concern about whether their customers could actually afford the loans.
What does this all mean for the Credit Union? It means that, as many other financial institutions have faltered, we have never been stronger. In the first six months of 2008, the Credit Union
- generated record net earnings of $46 million.
- suffered NO losses on any real estate loans.
- has a minimal number of real estate loans as much as one month delinquent.
This last point is a useful indicator of potential future loss trends. The difference between the Credit Union and the rest of the industry is dramatic:
Industry delinquency rate reported by Mortgage Bankers as of 1Q08. CFCU delinquency rate as of June 30, 2008.
Our strength has not gone unnoticed. Two independent organizations that evaluate the safety and soundness of financial institutions, BauerFinancial Inc. and Bankrate.com, both give Chevron Federal Credit Union their highest ratings: five stars.
As has been true for over 70 years, Chevron Federal Credit Union remains one of the safest places to keep your money, and will continue to be so in the future.
Deposits at CFCU are federally insured by the National Credit Union Share Insurance Fund. For more information, visit the Share Insurance Fund website at www.ncua.gov/ShareInsurance/Index.htm.
Jumbo-Conforming ARM Loan Special!, from Homepage
Chevron Federal Credit Union (CFCU) is offering special jumbo ARM loans at conforming loan pricing when you refinance or purchase a home. This offer is for a limited time only, so call us TODAY!
For more information, please stop by your local CFCU branch or call us at 510-627-5000 or toll-free 800-232-8101.
*For a limited time only, special pricing is available for Adjustable Rate Mortgages (ARMs) with loan amounts of $417,001 - $729,750 for owner occupied homes in California. Please call to find out the maximum loan amount for the area in which you live. Special rates are effective July 1, 2008. Offer is for CFCU member only and cannot be combined with any other offer or promotion. Other restrictions may apply.
