Spring 2017

In this issue

F e d e r a l C r e d i t U n i o nKnow better banking

• You Deserve Better

• We Can Open Doors

• Improve Your Landscape

• Home Buying 101

• How To Go Branchless

See the rules and download the referral form on our website.www.BurbankCity.org

Refer a friend and get $25 to spend. You could be our quarterly winner of $500!

ANNUAL MEETING All members are invited to our Annual Business Meeting where you will receive a copy of our 2016 Annual Report and will have the opportunity to speak with our Board of Directors and Credit Union Management.

Wednesday, April 19th

6:00 pmBurbank City Federal Credit Union

YOU DESERVE BETTER.You’ve work hard for your money and you deserve to keep as much as possible. Burbank City can help because we have better rates and generous lending terms for vehicles, credit cards, home equity and home loans.

Burbank City Mortgage Services, LLC, is a wholly owned subsidiary of Burbank City FCU. California Financial Lenders Law Department of Business Oversight #603K340Burbank City Mortgage Services NMLS #737320Burbank City FCU NMLS #407810

VEHICLESCar, truck, van or SUV, low rates for new and used vehicles.RVS AND BOATSOn land or on the water, loans that help you enjoy the weekend.CREDIT CARDS• Classic MasterCard -

A low, fixed-rate and no annual fee.• Platinum Rewards MasterCard -

No annual fee and cash back.• Equity Advantage MasterCard -

Upgrade your home and your finances.

HOME LOANSBurbank City Mortgage Services opens the door to saving on refinancing, and first time home purchases.HOME EQUITY LOANSWith equity comes opportunity, we’ll help turn your house into a home.And with an interest rate hike appearing likely, now may be a good time to refinance or buy if you’re in the market.Apply online or on the phone. Or give us a call and let’s work on helping you keep more of your own money. You’ve earned it, and you deserve it.

Call us today! (818) 846-1710

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Be the first to know. Like us on Facebook. Follow us on Twitter

Get Rid of PMI Sooner.

and Instagram

Burbank CityM O R T G A G E S E R V I C E S

If you’ve been renting and waiting to buy your first home, now is a good time to make your move.A number of industry analysts predict that interest rates will rise slightly over the year, while continuing to stay very affordable. Home prices are also expected to rise, now that more buyers are again competing for houses for sale. But rental rates are rising and expected to continue to rise even more—as much as 20% in some communities—making it smart and cost-effective for first-time buyers especially to consider home ownership. Real estate website Trulia found it is cheaper to buy than to rent in each of the nation’s 100 biggest metropolitan areas.

If you’re thinking about making the big move, do this now:• Check your credit reports for accuracy. Go to

annualcreditreport.com and request your free credit report. If you find errors or omissions, fix the problems as soon as possible.

• Review your savings. You will need money for a down payment as well as for the transition expenses of moving and setting up a new house. If your savings aren’t up to snuff, make that your priority for the next several months.

• Talk to Dori about pre-qualifying for a loan. This is the step just ahead of pre-approval—it makes it possible for you to begin shopping for a house with your eyes wide open about what you can really afford. Dori can help you prepare for the home buying process and help you line up your finances for success.

REMEMBER...JUNE IS NATIONAL HOMEOWNERSHIP MONTH

Are you still paying private mortgage insurance every month, but you think you have at least 20% equity in your house? If you’ve made improvements to your home, you might be able to get out of PMI early.

1800 West Magnolia BoulevardBurbank, CA 91506Dori Gregory(818) 524-1678

Burbank City Mortgage Services is a wholly owned subsidiary of Burbank City FCU NMLS# 407810California Financial Lenders Law Department of Business Oversight #603K340Burbank City Mortgage Services NMLS# 737320Dori Gregory NMLS# 424406

All terms represented are best available and not all borrowers will qualify. Program and borrower qualifications are based on loan amount, credit score, property types and loan-to-value ratio. To best determine what you are qualified for, contact Dori Gregory to find the best program for your needs. Terms and conditions are subject to change without prior notice.

GET OUT OF YOUR RENTAL AND INTO YOUR OWN HOME.

Call us to schedule an appraisal and learn more today.(818) 524-1678

Make your payment as comfortable as your home.

• Fixed rate home loans

• FHA & VA

• 5/1, 7/1 and 10/1 Adjustable

Rate Mortgages

• 5/5 Adjustable Rate Mortgage

• Loan amounts up to $1 Million

• Owner Occupied, Second Homes

and Investment Properties

• Financing up to 97%

• Flexible terms

• Fast turnaround

Dori GregoryNMLS# 424406Office: (818)524-1678Mobile: (818)391-8255

It’s not too late to get a great rate.

All terms represented are best available and not all borrowers will qualify. Program and borrower qualifications are based on loan amount, credit score, property types and loan-to-value ratio. To best determine what you are qualified for, contact Dori Gregory to find the best program for your needs. Terms and conditions are subject to change without prior notice.

www.BurbankCityMortgage.com

Burbank CityM O R T G A G E S E R V I C E S

BCMS NMLS #737320

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Get your project off the ground.No matter what project is on your list, Burbank City is ready to offer smart and sensible financing.Go beyond renovations.Our equity loan is also a wise way to fund your child’s higher education, gain control of higher rate debt or even give your family that magical and exciting vacation you’ve been dreaming of.- Pay off high-rate credit cards – Rid yourself of other credit cards with high rates.- Take a vacation – You’ve done the “staycation,” now it’s time to really get away.- Drive a new car – enjoy a tax deductible** car loan at a great home equity rate.

A home equity loan can help you create a picture-perfect landscape.

BURBANK CITY CAN OPEN DOORS FOR YOU…

IMPROVE YOUR VIEW!

Express Home Equity Loan• Fixed rates as low as 2.75% APR* • Borrow up to $250,000** with a Loan To Value

(LTV) of 70% or less • Borrow up to $150,000** with a LTV of

71% - 80% • Zero points or closing costs • California only

Home Equity Line of Credit• Variable rates as low as 3.75% APR* • Borrow up to $250,000** with a Loan To Value

(LTV) of 70% or less • Borrow up to $150,000** with a LTV of

71% - 80% • Zero points or closing costs • California only • Access is simple with the

Equity Advantage MasterCard or transfer funds in Online Banking

* APR = Annual Percentage Rate. Rates are subject to change without prior notice. All loans subject to BCFCU lending requirements. Not all applicants will qualify and some restrictions may apply. See Credit Union for complete details.

**Consult your tax advisor.

Call Wendy Ortiz at (818) 846-1710 Ext. 305 today to learn more about your loan options including Fixed Equity Loans and Equity Lines of Credit. Burbank City Federal Credit Union NMLS# 407810Wendy Ortiz NMLS #74564

Make your payment as comfortable as your home.

• Fixed rate home loans

• FHA & VA

• 5/1, 7/1 and 10/1 Adjustable

Rate Mortgages

• 5/5 Adjustable Rate Mortgage

• Loan amounts up to $1 Million

• Owner Occupied, Second Homes

and Investment Properties

• Financing up to 97%

• Flexible terms

• Fast turnaround

Dori GregoryNMLS# 424406Office: (818)524-1678Mobile: (818)391-8255

It’s not too late to get a great rate.

All terms represented are best available and not all borrowers will qualify. Program and borrower qualifications are based on loan amount, credit score, property types and loan-to-value ratio. To best determine what you are qualified for, contact Dori Gregory to find the best program for your needs. Terms and conditions are subject to change without prior notice.

www.BurbankCityMortgage.com

Burbank CityM O R T G A G E S E R V I C E S

BCMS NMLS #737320

Hosted by Burbank City Mortgage Services

Wednesday, May 17, 2017 12:00 noon to 1:00 pmLocation; Burbank City Federal Credit UnionLunch will be providedLimited seatingPlease RSVP to Dori at (818) 524-1678dorig@burbankcitymortgage.com

We took the complicated process of applying for a home loan, and created a simple and secure online application. The process just takes about 20 minutes to complete and once you submit your completed application, you’ll get a decision by the next business day.

Your next mortgage is a click away!

BurbankCityMortgage.com

HOME BUYING 101 LUNCH ‘N LEARN

Save Time, Apply Online

Quick Tip:

In 2014, Bankrate released a study saying that more than 30% of Americans haven’t visited a branch in the last six months. With the rise of mobile technology, financial security and digital communication, it’s possible to never step foot in a branch again. Burbank City offers everything you need.

Simplify your life with these tips on going branchless.

THE EASY STUFF

1. Download our mobile app. Available for Apple and Android devices, features include viewing your balance, making transfers, controlling your credit and debit cards and depositing checks.

2. Follow us on social media. For important updates, like when to expect new, secure cards or tips on how to save money, social media is a great way to get connected and stay up-to-date. It’s like going to see your favorite teller, just without much effort.

THE HARDER STUFF

3. Deposit cash through ATMs. Depositing cash is probably the hardest part of going mobile. Especially if you’re traveling, it can be difficult finding a location to securely deposit cash in your checking account. But with the CO-OP network of ATMs, you have access to your accounts at over 30,000 ATMs nationwide, and you can use them without paying lots of fees.

4. Get customer service through digital channels. Reach out on social media or submit a request via email or websites.

5. Apply for loans online. It’s as easy as it sounds! Just be sure to keep communication open once you’ve been approved.

Even with all of the options to manage your accounts without coming to one of our branches, we’re still here to serve you and happy to help you reach your financial goals.

HOW TO GO BRANCHLESS WITH BURBANK CITY.Totally branchless banking has increased lately, but many are still skeptical.

(818) 846-1710 • (800) 622-3328(818) 846-5096 Fax

www.BurbankCity.org

CALL CENTER HOURSMonday - Thursday • 9:00 am - 5:00 pmFriday • 8:00 am - 6:00 pm Saturday • 10:00 am - 2:00 pm

MARK YOUR CALENDARThe Credit Union will be closed in

observance of the following holidays:

DEPOSIT & INVESTMENT RATESSavings

0.05% APY* (min. $100 balance)Certificate & IRA Certificate

0.20% - 2.25% APY*Flexible & IRA Flexible Certificate

0.35% - 0.55% APY*Bump Certificate

0.55% - 1.00% APY*Money Market Account

0.15% – 0.30% APY*

CONSUMER LOAN RATESVehicle loan rates as low as:

1.89% APR* New and Used up to 35 months

RV / Boat loan rates as low as:4.50% APR*

New and Used up to $75,000

A MESSAGE FROM THE SUPERVISORY COMMITTEE.The main responsibility of the Credit Union’s Supervisory Committee is to periodically review the activities of this financial institution to ensure responsible management and staff, as well as to verify compliance with Credit Union rules and regulations. Should a problem or complaint arise while conducting your Credit Union transactions which cannot be resolved through normal channels, please contact us at: Supervisory Committee | P.O. Box 6773 Burbank, California 91510-6773

BRANCH LOCATIONSMagnolia Branch 1800 West Magnorlia BoulevardBurbank, CA 91506Monday - Thursday • 9:00 am - 5:00 pmFriday • 8:00 am - 6:00 pm

Cabrini Branch9795 Cabrini Dr., Suite 203Burbank, CA 91504Monday - Friday • 9:00 am - 5:00 pm

Memorial Day Monday, May 29Independence Day Tuesday, July 4

* APY = Annual Percentage Yield. Rates valid as of April 1, 2017 and are subject to change without prior notice.

* APR = Annual Percentage Rate. Rates valid as of April 1, 2017 and are subject to change without prior notice and subject to Burbank City lending criteria. Your actual APR will be based on your individual qualifications. Some restrictions may apply. See Credit Union for full details.

JOIN THE CONVERSATION facebook.com/BurbankCity

twitter.com/burbankcity instagram.com/burbankcityfcu

IS YOUR KID MONEY-SMART?

WE’RE CELEBRATING 77 YEARS!

Sign up today because sessions fill up fast!www.IndependentAdvantage.org

As adults, we understand the importance of financial security. For over fifteen years, Independent Advantage has given our younger members the big picture when it comes to handling money. From balancing a checkbook to using an ATM, sticking to a budget and knowing how and when to use credit, students who complete the four-evening sessions get the tools and techniques to successfully manage their money.

We’re proud to be celebrating our 77th year serving our members and our community.All members are invited to join us at the Credit Union for a delicious In-N-Out Burger:

Friday, June 9th

from 11:00 am - 2:00 pmor until the burgers are gone!

Classes are free and dinner is served at the start of each session.

It’s our way of saying thank you for being a loyal member!

BURGER