inside - Southland

Times
Jan-Mar 2016
New
Southland Website
Responsive Design That Is Now
Mobile & Tablet Friendly
inside
Race on the Base
February 27, 2016
Do You Know...
What Is The Difference Between a
Traditional IRA & Roth IRA?
this issue
Times
Southland Times is published by Southland
Credit Union for its Members. It is designed to
promote communication with Members, market
products and services, and provide reliable and
helpful information that will contribute to each
Member’s overall financial well-being and quality
of life.
3
President’s Message
Time for Financial Fitness................................................................................................... 2
Southland Times is published by Southland Credit
Union, 10701 Los Alamitos Blvd., Los Alamitos,
CA 90720, 800.426.1917. While consistent effort
is made to ensure the integrity of information
contained in this publication, material should
not be considered legal, financial, or professional
advice.
References herein to any specific products,
services, or events do not necessarily constitute
or imply endorsement or recommendation by
Southland Credit Union. The publishers do not
assume liability for loss or damage as a result of
reliance on this data.
Race on the Base
Photo Credits: iStock/Getty Images & SCU
February 27, 2016.................................................................................................................. 3
Publisher
Partner Spotlight
Proud Business Partners Offering Southland Membership................................... 4
Southland Credit Union Marketing Dept.
[email protected]
800.426.1917
Our Community
Board of Directors
Southland in the Community........................................................................................... 4
Preparing Your Home for El Niño
Are You Covered?................................................................................................................... 5
New Southland Website
Responsive Design That Is Now Mobile & Tablet Friendly...................................... 7
Southland Workshops
Home Ownership and Basics of Investing ................................................................... 9
Consolidate Your Holiday Debt
Walter Finnigan—Chair
Annie Perez—Vice-Chair
Angie Avery —Secretary/ Treasurer
Bradley P. Silcox—Director
Dolores M. Arriola—Director
Jose L. Manzano—Director
Robert L. Hale—Director
G. David Mills—Director-Emeritus
Supervisory Committee
Morris J. Litwack— Chair
Thomas H. Willingham—Secretary
With a Southland VISA Credit Card.............................................................................. 10
Call for Nominations
Southland Board of Directors and Supervisory Committee............................... 11
Do You Know...
What Is the Difference Between a Traditional IRA & Roth IRA?.......................... 12
Credit Union Membership
Your Employees Will Thank You For It......................................................................... 13
Southland Times | Jan-Mar 2016
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10
800.426.1917
President’s Message
Time for Financial Fitness
I extend my best wishes to all of our Members for a very happy
and prosperous New Year.
Looking back at 2015, I am pleased to say that it was a
very good year for our Membership primarily due to the
significantly stronger economy, the continuation of historically
low interest rates, the increase in employment opportunities
and greater overall consumer confidence in the economy. This
was such a refreshing change from the prior few years when
we were busy assisting several of our Members with their
financial challenges in the wake of the Great Recession. I am
amazed how quickly so many of our Members were able to
recover from their recession-period setbacks and restructure
their personal financial portfolios, positioning themselves to
prosper in the future.
I call this restructuring process getting ”financially fit.” What
motivates you to be financially fit? The concept may sound
strange, but financial fitness is the idea of being educated
on your personal finances, your money management habits
and the financial options available to you. Just as if you were
a dedicated exerciser, you could be ignoring whole muscle
groups, leaving yourself susceptible to injury. That is why I am
so passionate about Southland providing you the tools to be
financially fit so you can avoid potential financial injury.
This past year, we introduced several new resources and
improvements to help increase your financial acumen,
including hiring additional associates, improvements to our
home banking and our free financial workshops. We also kept
our loan rates at historic lows, while adding promotions such
as our 0% APR VISA credit card. The introduction of these
helped keep your wallets pumped up with added savings and
your financial knowledge in peak condition.
I encourage you to commit to making 2016 be your year to
become financially fit. Author Will Robinson said “financial
fitness is not a pipe dream or a state of mind – it’s a reality
if you are willing to pursue it and embrace it.” As you chart
your path forward in 2016, let our trained financial experts
at Southland not only help you, but also
coach and motivate you in your pursuit.
We are experienced in helping many of
our Members with their financial fitness
regimens and taking control of their financial
futures. No matter how large or how small
your budget may be, I am confident we can
help you making your 2016 your strongest
year ever.
Best wishes for a prosperous and healthy New Year!
Ferris R. Foster
President and Chief Executive Officer
Thank you Southland Members!
Toys for Tots Holiday Toy Drive
The objective of Toys for Tots is to help needy
children in our community experience the
joy of Christmas. Thanks to the generous toy
and monetary donations from Members like
you, we were able to provide toys that helped
bring joy to children in need.
Executives helping
the Marines with
pick up
IS Dept with their bicycle donations
www.SouthlandCU.org
Southland Times | Jan-Mar 2016
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Southland Credit Union
Race on the Base 2016
Los Alamitos Joint Forces Training Base
11200 Lexington Drive, Los Alamitos
Saturday, February 27, 2016
5:30 am—12:00 pm
This year is special. Event Director Emeline Noda kept this
idea as her and her team planned for the 35th anniversary of
the Los Alamitos Race on the Base, presented by Southland
Credit Union. With the addition of more events and more
entertainment, she is on her way to making this year’s event
very special.
Over the past 35 years, the Race On The Base has grown to
become the largest sprint reverse triathlon in the United States.
The reverse triathlon is different as participants first run, then
bike, and finish with a swim – a traditional triathlon reverses
this order. The course is also shorter, with racers finishing in
the Los Alamitos Joint Forces Training Base swimming pool.
Combined with the running and biking on the airfield of the
base, the race is great for first time triathlon participants or
those who want a warmup before taking on a longer course.
While the reverse triathlon attracts thousands of participants,
the largest event is the 5k, with many others attending the
10k and hand cycle race. Each participant receives a finishers
medal and an event tech t-shirt. For racers who participate in
the annual Run Seal Beach, Cypress 5k/10k and the Race On
The Base, they will receive a special Orange County Race Series
medal.
Southland Times | Jan-Mar 2016
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New for this year are extended festivities on the Friday evening
before the race. Children 14 years old and younger can
participate in the Glow in the Dark 1K Kids Run and children of
all ages can have fun at the Southland Credit Union Kids Zone,
taking place in the Health & Fitness Expo. There will also be a
performance from the 80’s cover band, Knyght Ryder, that is
sure to bring everyone to their feet.
Southland Credit Union is proud to return as the title sponsor
of the 2016 Southland Credit Union Los Alamitos Race On
The Base. For more information, or to participate, visit
RaceOnTheBase.com.
Special Offers for Southland Members!
Open a new VISA Credit Card and receive
a free 1K / 5K / 10K or Reverse Triathlon.
Members can also receive $10 Off
registration costs by using discount code
SCUMEMBER2016
at RaceOnTheBase.com
800.426.1917
Partner Spotlight
Proud Business Partners Offering Southland Membership
Over 300 businesses, governments and non-profits call Southland their Credit Union! Each day we
bring the Credit Union experience to their work place. Here are a few places we recently visited:
Munger, Tolles & Olson LLP—Annual Health and Wellness Fair, Los Angeles
Los Angeles Police Dept.—Health Fair, LA Headquarters
Los Angeles Paralegal Association—Annual Conference, Los Angeles
US Bankruptcy Court—Federal Benefits Open Season Event, Los Angeles
LA County Sanitation District—New Employee Orientation, Whittier
Weber Metals—Health Fair, Paramount
Renolit—Health Fair, Commerce
Community Development Commission/LA County Housing Auth.—Health and Wellness Fair, Alhambra
Thermal Engineering Inc. (TEI)—Health Fair, Santa Fe Springs
Tarzana Treatment Center—Open Enrollment, Long Beach, Tarzana and Reseda
Regal Medical—Open Enrollment, Orange and Northridge
Lakeside Medical—Open Enrollment, Burbank
Retired Employees LA County (RELAC)—Membership and Holiday Meeting, San Dimas
Los Angeles County Dept. of Mental Health— New Employee Orientation (NEO), Los Angeles
Women Lawyers of Long Beach (WLLB)—Holiday Event, Seal Beach
Municipal Employees Association (MEA)—General Membership Meeting, Santa Monica
Deluxe Entertainment—Health Lifestyle Expo, Santa Monica
Welcome to our New Partner(s):
Mighty Fine Inc., Los Angeles
Norman Window Fashions, Santa Fe Springs
M S International, Inc. (MSI) - Health Fair, Orange
Our Community
Southland in the Community
We value the communities we serve and are proud to support the events that mean the most to those
communities. Highlighted are a few events in which your Credit Union has recently participated:
Southland Sponsored—Team Southland Events
October—December 2015:
Los Alamitos School Ghoul—Sunday, October 11, 2015
Seal Beach Centennial Celebration—Saturday, October 24, 2015
Los Alamitos Wings Wheels & Rotors—Sunday, October 25, 2015
21st Annual Santa Monica New Heroes Celebration—Monday, October 26, 2015
Walk to End Alzheimer’s—Saturday, November 14, 2015
Seal Beach Christmas Parade—Friday, December 4, 2015
Seal Beach Christmas Parade
Los Alamitos Winter Wonderland—Saturday, December 5, 2015
www.SouthlandCU.org
Southland Times | Jan-Mar 2016
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Preparing Your
Home for El Niño
Are You Covered?
El Niño is a weather phenomenon related to unusually warm
water in the Pacific Ocean, triggering greater than usual rainfall
as well as storm clusters that can saturate the ground and
produce flash flooding. After tracking weather conditions
for the past year, meteorologists are forecasting that this
winter may produce one of the strongest El Niños on record in
Southern California.
•
Dangers from El Niño conditions are real: In 1982-83, El Niño
storms killed 36 people and caused $1.2 billion in damages
when coastal Orange County areas flooded and mudslides
destroyed canyon homes. In December 1997, the most severe
storm ever measured in Orange County hit, devastating parts
of Laguna Beach, Lake Forest and Irvine, and around the I-5
Freeway. More than seven inches of rain fell in parts of south
Orange County in one day.
•
How to Prepare Your Home for El Niño
•
•
•
•
•
•
•
•
•
Have roofs repaired and leaks fixed by licensed and
bonded contractors.
Clear gutters, downspouts and roof drains of leaves and
other debris.
Place sandbags to protect vulnerable areas against
flooding around your home.
Trim all landscaping and branches away from homes,
vehicles and power lines.
Have weakened trees inspected by arborists.
Prepare a disaster supply kit that is portable in case of
evacuation.
Have a family emergency plan and reunification plan.
Keep critical documents, keepsakes and medicine in one
place for easy access.
Keep sneakers, a blanket and water in your car in case of
emergencies.
Southland Times | Jan-Mar 2016
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Photograph valuables at your home and property for
future insurance claims if needed.
What To Do If You Get Caught In Flood Conditions
•
•
•
•
•
If on foot, do not attempt to walk through floodwaters.
Go directly to higher ground. Six inches of swiftly moving
water can sweep you off your feet.
Keep children and pets away from floodwaters, storm
drains and sewers.
Never drive into a flooded area. Most cars can be swept
away by less than two feet of water.
If your car stalls and water is rapidly rising around you,
immediately get out and move to higher ground.
Stay informed of weather predictions and road closures.
Tune in to local radio and TV stations, and check these
resources: www.weather.gov and www.ocstormcenter.
com
Q:
Will my homeowner’s insurance policy cover flooding?
A:
Standard homeowner’s insurance does not
cover flooding. The National Flood Insurance
Program (NFIP) is available for property owners to
financially protect themselves. Most private flood
policies have a 30-day waiting period.
800.426.1917
Despite all of the advertising out there, here are
three things you probably didn’t know about car
insurance:
1. It’s available at Southland Credit Union through
the TruStage Auto & Home Insurance Program,
complete with discounts for Members.
2. It’s built on the same values we are—good rates,
excellent service and solid value.
3. Switching from an existing policy is easy.
Even if you just paid your premium to another
company, you won’t lose a penny.
Southland is excited to partner with TruStage
Insurance to provide a variety of insurance options
for all of your financial needs. Isn’t it time for
insurance the Credit Union way? To get started, just
call 1-888-888-0375 or visit TruStage.com.
www.SouthlandCU.org
Partnering for You
Insurance Exclusively for Southland Members
AutO & HOME INSURANCE
You could save on Your
CAR AND HOME iNsuRANCE
Exclusively for credit union members
Call for your FREE, no obligation quote.
Toll-free
1-888-380-9287
Visit us at TruStageAutoHome.com
You want car and home insurance that you can depend on and rates you can
afford. On average, members who switch save up to $427.96*. Make a simple
phone call today to determine the discounts you qualify for.
TruStage™ Auto & Home Insurance program is offered by TruStage Insurance
Agency, LLC and issued by leading insurance companies. The insurance
offered is not a deposit and is not federally insured. This coverage is not sold or
guaranteed by your credit union. *Figure reflects average national savings for
customers who switched to Liberty Mutual’s group auto and home program.
Based on data collected between 9/1/2012 and 8/31/2013. Individual
premiums and savings will vary.
AHE, AHL-936966.1
Southland Times | Jan-Mar 2016
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New Southland Website
Responsive Design That Is
Now Mobile & Tablet Friendly
Southland Times | Jan-Mar 2016
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2925
“
“
Our goal was to
tell a story with
each service
800.426.1917
It’s no surprise that the internet has changed how we
communicate, find information and connect with the people
and companies that affect our daily lives. Companies that
hesitate to respond to these changes, and the demands of their
customers, are soon left looking antiquated and irrelevant.
Southland’s Marketing Department sought to move ahead with
the evolving trends of websites and initiated the ambitious
project of refreshing the Credit Union’s presence on the web.
“We responded to feedback
from our Members who
found it difficult to find the
information they needed,”
says Matt Herrick, Southland
Go
Vice President of Sales &
Marketing. “Our new website
has a familiar look, but as you go through the product
pages you’ll notice that everything is a vast improvement
on how we present solutions for our Members.”
President & COO. “Where in the past you selected auto
loans you received just that information, now you can
continue to read about the related services that can also
be a benefit. Many of our Members, for example, don’t
know that we offer mechanical breakdown insurance
on vehicles, often for cheaper than you receive at a car
dealership. Now that information is easily accessible.”
Rendering correctly for mobile
was also a priority for the
Southland team. With over
half of the visits to Southland’s
website coming from mobile
users, having a site that sized
correctly for smartphones
and tablets was critical.
Search For Locations
right from your
phone
Visit the Southland Credit Union website
at www.SouthlandCU.org.
The redesign was made to show complementing information
on similar products and services. “Our goal was to tell
a story with each service,” says Rene LeJay, Senior Vice
www.SouthlandCU.org
Southland Times | Jan-Mar 2016
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Home Ownership Workshop
Wednesday
March 16, 2016
12:00 pm—1:00 pm
Los Angeles Branch
Federal Building Room 8529
300 N. Los Angeles St.
Los Angeles, CA 90012
FREE No-Cost Workshop
Contact us to
RSVP Today!
RSVP online at
www.SouthlandCU.org
800.426.1917
Space is limited—RSVPs only
Free Refreshments & Raffle
Investment Property Workshop
Saturday
February 6, 2016
10:00 am—12:00 pm
Los Alamitos Branch
10701 Los Alamitos Blvd.
Los Alamitos, CA 90720
FREE No-Cost Workshop
Contact us to RSVP Today!
RSVP online at
www.SouthlandCU.org
800.426.1917
Walk-ins Welcome
Free Refreshments & Raffle
Southland Times | Jan-Mar 2016
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At this educational presentation, you will learn:
• Investment Property Buying Process
• Investment Property Buying Facts & Fears
• Buyer’s Perspectives On Short Sales & Bank Owned Home
• Different Financing Programs
• Getting Your Offer Accepted
• Tips On Improving Your Credit Score
800.426.1917
Consolidate Your Holiday Debt
With a Southland VISA Credit Card
Did holiday spending leave you a large
balance on your high-interest rate Credit
Card? Take control of your finances
and avoid paying a higher rate with
a 0% introductory APR Platinum VISA
Card from Southland Credit Union. If
approved, you can pay no interest on
purchase and balance transfers for up to
12 months!
It’s easy to get started! Visit any
Southland Credit Union branch or give
us a call at (800) 426-1917. We can tell
you exactly how much you can save
by consolidating your high interest
rate loans to a Southland VISA at 0%
introductory APR for 12 months.
*APR=Annual Percentage Rate as of 1-1-16. 0.00% introductory APR
for one year, based on your creditworthiness, available on Platinum
cards only. Not every applicant approved for the Platinum card will
qualify for the intro rate. After that, your APR will be 8.99% - 11.99%.
This APR will vary with the market based on the Prime Rate. Classic
cards APR of 14.99% - 16.99% based on your creditworthiness and
will vary with the market based on the Prime Rate. Balance transfer,
cash advance, foreign transaction, and other fees may apply. Terms,
features, programs, and conditions subject to change. **Program
conditions and restrictions may apply.
Southland
VISA
®
•No Annual Fee
0.00
•Real Time Fraud Monitoring**
•ZERO Liability**
%
•Identity Theft Assistance**
APR*
e Rate for 12
*intro Annual Percentagbalan
ce transfers!
months on purchases and
•And So Much More!
Apply Today!
www.SouthlandCU.org
Southland Times | Jan-Mar 2016
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Call for Nominations
Southland Board of Directors and Supervisory Committee
It’s time for Southland Credit Union’s 2016 Annual Meeting and Elections. We
are pleased to announce the meeting will be held at the Ayres Hotel in Seal
Beach, California. Members are invited to attend on Thursday, March 24, 2016,
at 6:30 p.m. Additional information will be available at a later date.
Insurance and
Investment Advice
Plan for a bright future with LPL
Financial. LPL Financial at Southland
Credit Union provides a financial
advisor to review your current
The following volunteer official positions are up for election:
Board of Directors—There are two (2) positions up for election. These
positions are each for three-year terms. The candidates receiving the highest
and second highest number of votes will be elected.
Supervisory Committee—There is one (1) position up for election. This
position is for a three-year term. The candidate receiving the highest number
of votes will be elected.
Nominations
Qualified Members may be nominated by one of two methods:
(1) Nomination by the Nominating Committee. Eligible Members who wish
to be considered for a position need to obtain and complete a Nomination
Election Package from the President/CEO at the address provided below.
(2) Nomination by Petition. Candidates choosing to petition to run for
election for the Board of Directors or Supervisory Committee must obtain
and complete a Nomination Election Package, which includes a Petition
Form. To be eligible to run by petition, candidates must submit the following
documents to the Credit Union at the address below: 1) Nomination Election
Package; and 2) Petition Form signed by eligible voting Members. To be valid,
the number of signatures on the Petition Form must be the greater of (i) onetwentieth (1/20) of 1% of the Members entitled to vote or (ii) a minimum of
one hundred (100) Members.
financial condition and help you
set goals for your financial future.
Whether you’re a first-time
or experienced investor, our
financial advisors are a great
asset in your retirement planning,
tax reduction strategies, 401(k)
Rollovers, IRA Rollovers, Annuities,
insurance needs, and more.
Schedule a free consultation today!
Steven Lakso
Financial Advisor
CA Insurance Lic. # 0D36743
Petitions must be received by February 1, 2016 to the following address:
Southland Credit Union
Attn: President & CEO
10701 Los Alamitos Blvd.
Los Alamitos, CA 90720
During the Annual Meeting, nominations will not be allowed from the floor.
An election will not be conducted by ballot unless there is more than one
nominee for each position.
For more information on becoming a Southland volunteer, visit
www.SouthlandCU.org for details.
Southland Times | Jan-Mar 2016
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2925
Tel: 562.936.8714
Fax: 866.650.7218
[email protected]
Securities and advisory services offered through LPL Financial,
a registered investment advisor, Member FINRA/SIPC.
Insurance products offered through LPL Financial or its licensed affiliates.
Not NCUA Insured | No Credit Union Guarantee | May Lose Value
Southland Credit Union is not a registered broker/
dealer, and is not affiliated with LPL Financial.
800.426.1917
Do You Know...
What Is The Difference Between a Traditional IRA & Roth IRA?
There are some key differences between these two types of
individual retirement accounts (IRAs). While the contribution
limits are the same for both, each has its own specific rules and
potential benefits (see table below).
It’s important to review both types of vehicles and plan your
IRA strategy carefully. No matter which type you choose, make
the most of your IRA by contributing to it regularly.
*Distributions made prior to age 59½ may be subject to a 10% additional federal tax.
Because of the possibility of human or mechanical error by S&P Capital IQ Financial
Communications or its sources, neither S&P Capital IQ Financial Communications
nor its sources guarantees the accuracy, adequacy, completeness or availability of
any information and is not responsible for any errors or omissions or for the results
obtained from the use of such information. In no event shall S&P Capital IQ Financial
Communications be liable for any indirect, special or consequential damages in
connection with subscriber’s or others’ use of the content.
© 2015 Wealth Management Systems Inc. All rights reserved.
Securities and advisory services offered through LPL Financial,
a registered investment advisor, Member FINRA/SIPC.
Insurance products offered through LPL Financial or its licensed affiliates.
Not NCUA Insured | No Credit Union Guarantee | May Lose Value
Southland Credit Union is not a registered broker/dealer, and is not affiliated with LPL Financial.
Traditional
IRA
Contribution limits?
Contributions made
with pre-tax or after-tax
dollars?
Contributions tax
deductible?
Roth
IRA
For 2015, the maximum contribution is $5,500
($6,500 for those aged 50 and older). Amounts are
indexed annually for inflation.
For 2015, the maximum contribution is $5,500
($6,500 for those aged 50 and older). Amounts are
indexed annually for inflation.
Pre-tax or after-tax.
After-tax only.
Yes, if the account holder does not already
participate in an employer-sponsored retirement
plan. Otherwise, the account holder must earn under
the income thresholds set by the IRS. For 2015, a
full deduction is allowed for single filers who earn
No, Roth IRA contributions are not tax deductible.
less than $61,000 and joint-filing married couples
who earn less than $98,000. Partial deductions are
allowed for single filers earning between $61,000
and $71,000, and joint-filing married couples earning
between $98,000 and $118,000.
Tax-free distributions?
Not allowed. Distributions from a traditional IRA are
taxed as ordinary income.*
Allowed, provided the account owner is at least age
59½ and has held the account for at least 5 years.*
Required minimum
distributions (RMDs) after
age 70½?
Yes, traditional IRAs are subject to RMDs, which
require account holders to take annual distributions
from the account after age 70½.
Not required.
Not allowed.
Allowed, provided the account holder has earned
income.
A wide variety of options (including mutual funds,
stocks, bonds, CDs, and ETFs), depending on the
financial institution.
A wide variety of options (including mutual funds,
stocks, bonds, CDs, and ETFs), depending on the
financial institution.
Contributions after age
70½?
Types of investments
allowed?
www.SouthlandCU.org
Southland Times | Jan-Mar 2016 12
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Credit Union Membership
Your Employees Will Thank You for It
As a business organization, you are always looking for new ways to bring benefits
to your company and its employees. Consider offering Southland Credit Union
membership!
Credit Union membership is a great way to show your employees you care about them
and their financial well-being. It costs you nothing to provide, and gives your employees
the opportunity to get lower rates on loans and higher dividends on savings.
When you partner with Southland, you’ll gain valuable benefits and a financial partner.
We are here to provide the following free services and help you introduce these new
benefits to your employees.
Southland Partner Benefits:
• On-site employee orientations
• Lunch & Learns
• Financial workshops
• Membership kits
• Employee incentives
• Health Fair/Benefit Fair participation
• Paycheck stuffers and posters
• Financial consultations
Southland is a full-service, not-for-profit financial institution serving individuals and
businesses in Orange County, Artesia, Bellflower, Brentwood, Cerritos, Culver City,
Downey, Downtown & West Los Angeles, Hawaiian Gardens, La Habra Heights, La
Mirada, Lakewood, Long Beach, Mar Vista, Marina del Rey, Norwalk, Pacific Palisades,
Paramount, Santa Fe Springs, Santa Monica, Signal Hill, and Venice.
Join and experience the Southland Credit Union difference! Call Becky Marez, Business
Development Officer, at 562.841.0145 or contact a Financial Service Representative at
800.426.1917. We look forward to serving all your financial needs.
Southland Times | Jan-Mar 2016
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Deposit Accounts
Checking Accounts
Savings Accounts
Certificate Accounts
Money Market Accounts
IRAs
Business Accounts
Loans
Vehicle Loans
Real Estate Loans
Mortgage Loans
Home Equity Lines of Credit
Visa Credit Cards
Personal Loans
Motorcycle and Boat Loans
Watercraft Loans
Recreational Vehicle Loans
Valuable Services
Free Identity Theft Insurance
Free Visa® Debit Card
Free Mobile Banking now
with Mobile Deposits
Free Southland eServices:
eBranch, ePay, eStatements,
eTransfers, and eLoans
Family Membership
Membership is subject to eligibility and all loans
are subject to credit approval.
Important Information —Procedures on Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to
obtain, verify, and record information that identifies each person who opens an account. What this means to you: When you open an
account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to
see your driver’s license or other identifying documents. Your information is secure and will not be shared with any third parties.
MEMBERSHIP APPLICATION
I would like to apply for:
P
r Savings r FREE Checking
r Vehicle Loan
r Money Market Account
(with VISA® Debit Card)
r Home Equity Loan
r Certificate Account
r Holiday Club
r Add-On Certificate Account
rOther__________________________________________________
(Required for Membership)
In this Signature Card. “I” and “My” mean each and every person who signs below and as Joint Tenant. “You” and “Your” mean Southland Credit Union. If I am not currently a Member, I hereby make application for
membership in SOUTHLAND CREDIT UNION. Each applicant for membership certifies that he or she is within the Credit Union’s field of membership. I agree that you may retain this Signature Card and other information
you may receive. I agree to conform to your bylaws as well as all applicable terms and conditions set forth in the Account (Terms and Conditions) Agreement and Truth-in-Savings Disclosure and the Electronic Funds
Transfer Agreement and Disclosure, Funds Availability Disclosure and Fee Schedule (Receipt of which is/are herby acknowledged and which are incorporated by this reference). I understand and agree that this Signature
Card shall only govern the accounts set forth under the root account number established for this card (excluding IRA and Certificate Accounts) including the terms set forth on the reverse, if any. General membership
provision: I authorize you to obtain and periodically (re) verify employment, credit, and checking account information as you deem appropriate from time to time. I understand that this will assist you, for example, in
determining my initial and on-going eligibility for my accounts) and/or in connection with making credit opportunities available to me.
MEMBER INFORMATION
LAST NAME
FIRST NAME
M.I.
________________________________________________________________________________________________________________________________________________________
HOME ADDRESS
CITY / STATE / ZIP
MOTHER’S MAIDEN NAME
________________________________________________________________________________________________________________________________________________________
MAILING ADDRESS (if different than home address)
CITY / STATE / ZIP
MONTHLY INCOME
$
________________________________________________________________________________________________________________________________________________________
HOME PHONE #
WORK PHONE #
CELL PHONE #
________________________________________________________________________________________________________________________________________________________
DRIVER’S LICENSE # / STATE / EXPIRATION DATE
EMAIL ADDRESS
DATE OF BIRTH
________________________________________________________________________________________________________________________________________________________
EMPLOYER
CITY
OCCUPATION
DATE OF HIRE
________________________________________________________________________________________________________________________________________________________
HOW ARE YOU ELIGIBLE FOR MEMBERSHIP / REFERRED BY
HOW DID YOU HEAR ABOUT SOUTHLAND
REQUEST FOR TAXPAYER IDENTIFICATION NUMBER
Enter your TIN in the appropriate box. For individuals, this is your Social Security Number (SSN). However, for a resident alien, sole proprietor, or disregarded entity, see Part I of “Specific Instructions” to Payer’s Request
for Taxpayer Identification Number and Certification in the instructions to IRS Form W-9. For other entities, it is your Employer Identification Number (EIN). If you do not have a number, see How to get a TIN in “Specific
Instructions” Part I.
Social Security #
or
Employer Identification #
Note: If the account is in more than one name, see the chart in the Instructions to IRS Form W-9 for guidelines on “What Name and Number To Give the Requester.”
By signing below, you certify, under the penalties of perjury, that: 1) The number shown on this form is your correct Taxpayer Identification Number (or you are waiting for a number to
be issued to you), and 2) You are not subject to backup withholding because: (a) you are exempt from backup withholding, or (b) you have not been notified by the Internal Revenue
Service (IRS) that you are subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified you that you are no longer subject to backup
withholding, and 3) You are a U.S. person (including a U.S. resident alien). Certification Instructions. Cross out item 2 above if you have been notified by the IRS that you are currently
subject to backup withholding because you have failed to report all interest or dividends on your tax return.
JOINT TENANT
LAST NAME
FIRST NAME
M.I.
________________________________________________________________________________________________________________________________________________________
HOME ADDRESS
CITY / STATE / ZIP
MOTHER’S MAIDEN NAME
________________________________________________________________________________________________________________________________________________________
HOME PHONE #
WORK PHONE #
CELL PHONE #
________________________________________________________________________________________________________________________________________________________
DRIVER’S LICENSE # / STATE / EXPIRATION DATE
SOCIAL SECURITY #
DATE OF BIRTH
________________________________________________________________________________________________________________________________________________________
RELATIONSHIP TO MEMBER
EMAIL ADDRESS
MONTHLY INCOME
$
PAY-ON-DEATH PROVISION—(BENEFICIARY)
LAST NAME
FIRST NAME
M.I.
________________________________________________________________________________________________________________________________________________________
SOCIAL SECURITY #
DATE OF BIRTH
RELATIONSHIP
________________________________________________________________________________________________________________________________________________________
LAST NAME
FIRST NAME
M.I.
________________________________________________________________________________________________________________________________________________________
SOCIAL SECURITY #
DATE OF BIRTH
RELATIONSHIP
MEMBER’S SIGNATURE
X
DATE
Sign Here
___________________________________________________________________________________________________________________________________________
JOINT TENANT’S SIGNATURE
DATE
Sign Here
X
DOWNEY
8545 Florence Ave.
Downey, CA 90240
GARDEN GROVE
12860 Euclid St.
Garden Grove, CA 92840
PRESORTED
STANDARD
U.S. POSTAGE
PAID
TORRANCE, CA
PERMIT #102
P. O. Box 3003
Los Alamitos, 2925
CA 90720-1303
LOS ALAMITOS
(Corporate Office)
10701 Los Alamitos Blvd.
Los Alamitos, CA 90720
LOS ANGELES
(Federal Building)
300 N. Los Angeles St.
Los Angeles, CA 90012
LOS ANGELES
200 S. Spring St.
Los Angeles, CA 90012
Put the Equity
in Your Home to
Work for You
SANTA MONICA
525 Santa Monica Blvd.
Santa Monica, CA 90401
SANTA MONICA
(Koll Building-Third Floor)
2020 Santa Monica Blvd.
#300-B
Santa Monica, CA 90404
MAILING ADDRESS
P.O. Box 3003
Los Alamitos, CA 90720-1303
PHONE
800.426.1917
QUICKLINE
888.426.1918
FAX
General 866.526.5854
Lending 866.630.5792
WEBSITE
www.SouthlandCU.org
HOLIDAY CLOSURES
The Credit Union will be
closed in observance of the
following holidays:
NEW YEAR’S DAY
Friday—January 1, 2016
• No Fees
• No Points
• Variable rates as low as
4.50% APR*
• Lines up to $500,000
• HELOC Access Card
Home Equity Line of Credit
Rates as low as
Prime +
1.25
%
APR*
Ask a Representative for details.
*APR=Annual Percentage Rate. Current HELOC Rate as of 6-15-15 is 4.50% and is based on the prime rate (3.25 %) +1.25% margin. The rate shown assumes that you have a FICO of 700 or above. Other rates may apply
based on credit profile. Prime is based on the Wall Street Journal Prime Rate + margin based on credit score. All HELOCs are variable rate loans. Rates can change monthly on the first of the month. Rate cannot change
by more than 5% in any one year. The rate cannot drop below 4.5% or exceed 15%. 10-year interest only terms followed by a 15-year amortized payback period. $50 annual fee is waived on HELOCs with a minimum
outstanding of $10,000 for 30 days during the year. If the loan is paid off and closed during the first 3 years of the loan, you will be charged a $450 early termination fee.
Real Estate Loans are subject to credit approval. Property you own which generates income is not eligible. Credit limit determined by the equity in the real property, which is used as security for the loan. Membership is
subject to eligibility. All new accounts will be verified through ChexSystems and are subject to credit approval and verification of equity. Rates and terms are subject to change without notice.
MLK, JR. DAY
Monday—January 18, 2016
PRESIDENTS’ DAY
Monday—February 15, 2016
Federally insured by NCUA
NMLS #685526