Member Resources

We have a full range of resources for people of every age, and knowledgeable allU.S. representatives who can help you find just what you’re looking for.

Auto Buying, Made Easy

Shopping for a vehicle is sometimes not as exciting as we hoped it would be. But now, with all of the resources available as a member of allU.S., you will be able to have confidence in your decision to purchase a new vehicle.

Whether you are buying your first car, upgrading your car to accommodate a new family member, or just wanting to upgrade your vehicle, we have the tools and resources for you! Check out our resources below for more information, and if you have any questions, reach out to us and we will be happy to find you the expert help you need.

2021 Fuel Economy Guide

The U.S. Department of Energy has published a comprehensive report on the fuel economy of 2019 model year vehicles.

The purpose of EPA’s fuel economy estimates is to provide a reliable basis for comparing vehicles.

Most vehicles in this guide (other than plug-in hybrids) have three fuel economy estimates:

  • A “city” estimate that represents urban driving, in which a vehicle is started in the morning (after being parked all night) and driven in stop-and-go traffic
  • A “highway” estimate that represents a mixture of rural and interstate highway driving in a warmed-up vehicle, typical of longer trips in free-flowing traffic
  • A “combined” estimate that represents a combination of city driving (55%) and highway driving (45%)

Estimates for all vehicles are based on laboratory testing under standardized conditions to allow for fair comparisons.

Receiving Financial Institution: allU.S. Credit Union
Routing Number (ABA Number): 321175711

This information, along with your name and account number, will give you the peace of mind that your money will be deposited quickly and safely. 

Why Financing Your Car Loan at a Credit Union is a Smart Choice

When you’re buying a new or used car, people typically go straight to the local dealership. While dealerships make their own financing programs sound especially attractive, it’s always to your benefit to shop around for the best auto loan rates – starting with local credit unions. Here are some reasons why you’ll find better auto loan rates and more personalized service at a credit union.

  • You have a much better chance of getting your loan approved if you have second-rate credit or have had some credit problems in the past. Your local credit union will more likely listen to your personal story over a traditional commercial bank.
  • A credit union is different than a traditional bank or other lending institution. They offer loans and other financial services to people through a cooperative membership and it is much more than just a place to house a checking or savings account. Credit unions show their members financial interest as a high priority and they are not in business to sell their members anything just to inflate loan volumes. Best of all, their profits go back to their members in the form of lower rates on other products and services like savings and loans. There are 377 credit unions in California with over 1550 local offices. Overall, throughout the country, credit unions save their members approximately $8 billion a year in fees, dividends, etc.
  • Most credit unions offer better rates to their members or other financial institutions. Especially the banks available through the local car dealerships. Whether you have a large or small down payment for your new or used car, the credit union can educate you on the best possible deals for your auto loan. According to the latest report from Informa, the average rate on a $30,000 new car loan from a bank is 4.16% and from a credit union is 2.82%; which is a 32% reduction in rate and equates to a savings of $1,100 over the life of the car loan.
  • As a member you have access to educational resources. Almost every credit union has a member or resource center where members can educate themselves about financing options and how to evaluate the value of their vehicle purchase. If you are an inexperienced car buyer you can turn to your local credit union for an unbiased opinion. Most importantly, the credit union can show you how to calculate the real value of the car you want to purchase, not just what the dealer tells you, which will ultimately affect your final decision.
  • Enjoy a member-centered approach. Since loan decisions are made by a local volunteer board rather than a corporate office, members have a more personal experience at a credit union. This local approach gives you the opportunity to discuss your loan options, discuss flexible repayment choices, as well as review your entire financial situation with your personal loan representative. This type of personal interaction takes away the pressure of applying and locking in your financing and you can be assured the credit union is working with your best interest in mind.

A car loan is helpful. But a good car loan can make a dramatic difference in your life. Financing your next vehicle with allU.S. Credit Union can save you money, reduce worries and minimize hassles. allU.S. Credit Union specialize in good car loans that fit your specific requirements.

Save Money with a Fuel Efficient Car

Improved fuel economy saves you cash every time you fill your tank!

Fuel efficiency is an enormous financial consideration when buying a car. In fact, buying a car that is 10 miles per gallon more efficient in terms of fuel consumption than another option you may be interested in can save you as much as $10,000 over the time you own the car.

When shopping for your next car, one of your very first questions should be, “What kind of fuel economy does it get?” Gas prices are so unpredictable that it is essential that you prepare yourself for escalating prices by making fuel economy your number one priority – so you can make driving a not-so-guilty pleasure again!

Selecting a fuel-efficient car

A good place to start is online at fueleconomy.gov where you can review the mileage and emissions ratings of all the vehicles currently for sale.

Here’s an example from www.fueleconomy.gov:
A vehicle that gets 30 MPG will cost you $610 less to fuel each year than one that gets 20 MPG (assuming 15,000 miles of driving annually and a fuel cost of $2.44). Over a period of five years, the 30-MPG vehicle will save you $3,050. Now that’s a good chunk of change!

There are also fuel cost and savings calculators that can be used to help you make an informed decision when buying your new fuel-efficient vehicle. Another good site is edmunds.com , which also carries the EPA mileage figures on the “Specs” page of each auto.

If you’re tired of emptying your wallet every time you fill up below is a list of cars that are rated the most fuel-efficient by Consumer Reports. These gas sippers listed below are also easy on the wallet.

  • Ford Fiesta SFE
  • Mitsubishi i-MIEV
  • Ford Focus Electric
  • Nissan Leaf
  • Chevrolet Volt
  • Chevrolet Cruze Eco
  • Toyota Prius
  • Honda Civic HF
  • Hyundai Accent
  • Hyundai Veloster
  • Mazda 3

Driving a fuel-efficient vehicle not only will save you money on gas, but such a decision has other, broader benefits, too. It reduces oil dependence costs, reduces climate change and increases energy sustainability. Clearly, it’s a decision you can feel good about!

If you are ready to purchase that new fuel-efficient car, your local credit union offers affordable and competitive financing options on both new and used automobiles. Some credit unions will even give a discount for fuel-efficient cars, for vehicles with a 40-highway mpg rating or higher. So you will save on interest while you’re saving on gas.

allU.S. Credit Union is committed to stewardship and care of the environment. In the changing technology of our world, hybrid and fuel-efficient cars offer a chance to practice these values. Visit the branch today or apply online for an auto loan that fits your budget.

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Should I Buy or Lease?

If your clunker of a car is gasping its final breath, you are probably in the midst of deciding whether to lease or purchase a car. To lease or to buy? It’s one of the age-old questions car buyers ask themselves. Unfortunately, there’s no one-size-fits-all answer. The option that’s right for you depends on a number of factors, including your financial situation, lifestyle and your future plans for the vehicle.

Before choosing the option that’s best for you, it is important to understand the difference between leasing and buying. When you lease, you basically “rent” the vehicle for a predetermined period of time. Leasing allows you to drive a brand new vehicle with lower monthly payments. Typically, lease agreements stipulate a mileage maximum for the lease period. Any additional mileage you put on the vehicle is an extra cost. At the end of your lease, you have the option to return the vehicle or purchase it. Leasing might be right for you if you:

  • Like driving a new car every couple years
  • Want a low monthly payment
  • Find new safety features and options very important
  • Always want a car under warranty so you won’t face major repair bills
  • Don’t care about ownership
  • Drive a limited number of miles
  • Have no depreciation concerns
  • Own a business and use the vehicle only for business purposes, you can claim it as a tax deduction.

An auto analyst resource at Edmunds points out that the decision between leasing and buying a car isn’t actually the difference in finances. It’s a lifestyle choice. People who like to drive a new car every few years find a lease much more appealing and they are usually able to drive nicer cars than they could afford to purchase.

When you buy a vehicle, you typically make a down payment, pay sales tax and finance the purchase price at an interest rate predetermined by your financial institution or Loan Company. Over the term of your loan you’ll pay the full cost of the vehicle, and once your loan term is up you own the vehicle and you’re free to sell it at any time. Buying a vehicle might be a good idea if you:

  • Can afford higher monthly payments
  • Like the idea of ownership
  • Don’t want to risk lease-end costs
  • Plan on driving the same vehicle for many years
  • Don’t mind covering repairs after the warranty expires
  • Are a high-mileage driver
  • Want to have a trade-in when getting their next car
  • Want to modify and/or accessorize your car

The bottom line on buying is the car you buy is yours, to sell, modify, or drive for 20 years if you like. Granted, it won’t be worth as much as you paid for it when you finally put it to rest, but overall, buying usually costs less than leasing and provides you with much more flexibility.

Ultimately, the decision on whether to buy or lease will depend upon your specific circumstances, but being informed and weighing your options should help you find the best value for the vehicle you want.
Before making a decision to buy or lease, contact your local credit union! Their auto loan specialists can help you determine how much you can afford to spend and which option is best for you.

allU.S. Credit Union can help you decide if leasing or purchasing your next car makes the most sense for you. If you feel that purchasing is your best bet, visit us and we can pre-approve you for the car you can afford that fits your lifestyle and budget. Whichever you decide we can make purchasing your next car a fun and stress-free experience!

allU.S. Credit Union, Positively Different!

First Time Car Buying Tips

Buying your first car is an exciting step – but it can also be overwhelming and stressful and is never filled with as much uncertainty as it is the first time. If you take the time to do a little research before visiting the dealerships, your first car-buying experience can be a lot less stressful and a lot more fun! Being a good first-time buyer won’t be easy, but if it’s worth doing – and it is – it’s worth doing well. We’ve come up with some tips to help with the process.

Establish a realistic budget.
This figure is generally based on what you can afford per month. Look at your cost of living – mortgage or rent payments, food, insurance, social activities. Once those are calculated, the remainder could be spent on a car payment, fuel, car insurance and maintenance.

Visit allU.S. credit union to get pre-approved for financing.
Before you fall in love with a car you may not be able to afford, stop by allU.S. Our member representatives can get you pre-approved for financing at a great rate that fits your lifestyle and budget. You’ll also know exactly how much you can spend, which will give you added negotiating power at the dealership.

Do your research.
Informed shoppers are smart shoppers, so gather some information before you start shopping. Resources like Consumer Reports , Edmunds , and Kelley Blue Book offer helpful vehicle reviews and pricing information that can help you determine a fair price for the car you want.

Take a test drive.
Nothing is more important in your decision process than how you feel behind the wheel. Take at least half an hour on your test drive, while trying stop-and-go, freeway merging and freeway speeds. If the sales person does not have time then take the time to find another dealership.

Bring a wingman or woman to the dealership.
It’s always best to work with a partner. They can help you decide what car to buy and what to pay.

Negotiate your price.
Price negotiation is probably the most overwhelming part of the car-buying process, but it is important for you to stick to your strategy. If you’ve done your research, you’ll have a good idea whether the dealer’s offer is fair. Keep in mind that the dealer’s first price is rarely their best price, so don’t be afraid to reject the initial offer. If the dealer can’t meet your target price, walk away. Buying a car is a big step and the transaction has to be right for you.

Buyer beware.
Before signing the final contract, ask the dealer to explain each item. Dealers have been known to include extra charges for items like “fabric protection,” “paint sealant” or “rust proofing” that may not be necessary. If there are charges you’re not comfortable with, don’t be afraid to point them out.

First-time buyers should also be wary of financing deals that sound too good to be true. Offers like “0% dealer financing” may sound good, but as a first-time buyer you may not qualify for these attractive specials.

Most importantly, enjoy the process.
We know the tips referenced above can make buying a car seem daunting, but with low financing rates, and hundred of cars and trucks to choose from, your options are amazing (especially in the first-time buyer category). So take your time as you move through the process and you’ll be astounded with the outcome.
With a little advanced planning, a solid negotiating strategy and appropriate financing, buying your first car can be a fun and a stress-free experience!
Do you need some help finding the right car? Check out these links for The Coolest Cars under $18,000 , Best Back-to-School Cars and the Best SUVs under $25,000 .

allU.S. Credit Union can make the car buying experience easier. Visit us and we can pre-approve you for the car you can afford that fits your lifestyle and budget. With our help buying your first car can be a fun and stress-free experience! allU.S. Credit Union, Positively Different!

Is 0% Financing Too Good to Be True

Because many auto dealers are offering 0% financing, you may be confused and wondering if this rate Is too good to be true? Unfortunately, in many cases the answer is yes.

Before we get into whether 0 percent interest is too good to be true, it’s important to understand what 0 percent financing actually is. When you get a car loan, as everyone knows you are borrowing money to pay for a car. The bank or credit union doesn’t give you that money for free. Instead, you have to pay interest, or a fee that you give the financial institution for lending you the money.

The phrase, “if it’s too good to be true, it probably is too good to be true,” is definitely something you should keep in mind as you search for a car loan. Many times the 0% is a “teaser rate” meant to get you in the door and may not apply to you or may not be the best deal for you.

The problem with 0% financing is that not every potential car buyer qualifies for this super-low financing. The too-good-to-be-true rate applies to people with very high credit scores, excellent credit records and little or no debt. That means only about 5% of the population qualifies for the 0% rate. And, if you do qualify you will most likely have larger payments over a shorter period of time, which may be difficult to fit into your monthly financial plan. Unless you fall into this category, you may get stuck paying a much higher rate.

You may be surprised to learn that even if you do qualify for 0% financing, it could cost you more in the long run. If the dealer offers you the choice of 0% or a cash rebate, taking the rebate and financing through allU.S. Credit Union could save you money – even if the rate is a little higher. Let’s do the math:

Item Dealer Financing Credit Union Auto Loan
Vehicle purchase price
$20,000
$20,000
Cash rebate
$0
$3,000
Amount financed
$20,000
$17,000
Interest rate
0% APR
2.49% APR
Term of loan
48 months
48 months
Monthly payment
$416.67
$372.46
Total Saving/Life of Loan
$2,122.08
  • allU.S. has the funds and healthy relationships with car dealers to make the loans.
  • You have a better chance of having your loan approved if you have credit problems
  • allU.S. is a non-profit organizations and work to provide members with high-quality customer service
  • You start off with a lower loan amount if you take the rebate, saving you money in finance costs.
  • You could get lower monthly payments with allU.S., because low auto loan rates are available for loans with longer terms as well as shorter ones.
  • Our members have a more personable experience at allU.S. so you can openly discuss your concerns about your loan, discuss flexible repayment options and review your financial situation.
  • You may save money on the total cost of the loan, because allU.S. doesn’t charge application fees or prepayment penalties.

As we pointed out above, you’ll actually save more by taking the dealer’s rebate and financing your vehicle purchase at allU.S. Credit Union. An informed buyer is definitely the best buyer!!! To learn more about vehicle financing or to apply for your low-rate auto loan, visit our loans page or speak to Robin or Stephanie at the branch.

Life Stages - Different Services for Diverse Needs

We understand that people are different. Sometimes, we may need advice that varies widely depending on the stage in life we may be in. But don’t worry! AllU.S. is here to make sure that no matter what stage of life you are in, that we will have the experts here to support you.

Whether you are opening your first account, learning how to withdraw from an ATM, teaching children how to save for college, planning to buy a car, preparing for a baby, or preparing to buy your first home, our dedicated staff is here to help.

Reduce Your Risk of Identity Theft

As far back as 2017, there have been numerous separate security breaches from large corporate retailers like Sears, Kmart, Delta Airline, Best Buy, Saks Fifth Avenue, Lord & Taylor, Under Armour, Panera Bread, Forever 21, Sonic, Whole Foods, Gamestop, Arbys, and others. That means that it is important to understand how fraud and identity theft occur, so we can help you protect yourself and your personal information.

Learn Your Terms

The following terminology applies to common scams that you may see now or in the future:

Baiting: When an attacker leaves an infected device out, like a USB Drive or CD, that looks legitimate or important.

Pretexting: The creation of an elaborate scenario designed to obtain your personal information.

Quid Pro Quo: When you are asked for information in return for a gift. Frequently used by an impersonator is offering to fix your computer in exchange for money.

Phishing: Fraudulently asking for and obtaining personal information. Often involves an email that appears legitimate at first but is not from the company or person portrayed.

Pharming: An online scam where an attempt is made to redirect a website’s traffic to another, fraudulent website.

Follow These Tips for Added Online Security

  • Don’t reply to unsolicited offers with any personal information or don’t reply at all
  • Don’t open emails from unverified or unknown senders.
  • If you are unsure of the sender’s email address directly contact customer service. Do not reply to that email.
  • Manage your security settings to protect against fraud.
  • Use a pop up blocker on your Internet browser.
  • Delete, manage, or turn off cookies in your browser.
  • Search “Browser Security Settings” for more help.
How We are Protect You
  • You have Zero Liability on lost or stolen credit or debit card reporting.
  • We offer 24/7 fraud monitoring & verification of any potentially fraudulent transactions on your credit or debit card.
  • We use the latest proven technology, we take every precaution with our suite of Smart Banking services to make sure your personal and financial information is secure
  • We use Multi-factor authentication to protect your identity
  • We employ strong, 128-bit encryption for every online transaction.
Stay Safe at ATMs

Members have access to ATMs around the country with allU.S. Follow these tips to protect your identity and ensure your personal safety while using the ATM.

  • Protect your ATM card as if it were cash. Report lost or stolen cards immediately.
  • Safeguard your Personal Identification Number (PIN). Don’t give your number to anyone; don’t write your PIN on your card, avoid using numbers that are easily identified (birth date, etc.).
  • Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.
  • Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.
  • Be prepared to conduct your business as soon as you reach the machine. Have your ATM card ready in your hand. Do not dig through a purse, bag or wallet in front of an ATM or while you are in line. Secure your money immediately after the transaction. Count your money later, not at the ATM.
  • Use your body to shield the screen and keypad before entering your PIN. Make sure other individuals in line stay a reasonable distance from you while you’re performing your transaction.
  • Do not allow anyone to distract you while you are at the ATM. Be cautious if strangers approach you or try talking to you – even if your card is stuck or you’re having trouble with your transaction. If someone takes interest in your transaction, leave the area and report the suspicious behavior to the police.
  • Never leave your receipt in the ATM. Discarded ATM receipts are a primary source of identity theft and account fraud. Shred receipts before discarding them.
  • If you are using the ATM at night make sure there is nothing compromising your personal safety like overgrown bushes or poor lighting.

Be wary of an ATM scam called “skimming, where thieves attach electronic devices to the ATM that are designed to capture your card information and PIN. If an ATM card reader appears unusual compared to other ATMs, use another ATM.

allU.S. ATM Protection

We are taking every possible step to protect our members at our branch. The ATM will be accessed by sliding your card and going inside the vestibule of the branch so that you are protected from the weather and other outside influences. These security steps will go a long way in preventing unauthorized access to your accounts. Remember, if your ATM card is lost or stolen; contact your credit union immediately. They will take the proper steps to ensure your finances are safe and assist you in getting a new card.

Teaching Kids Financial Independence

Are your kids on the right track to financial independence? Studies suggest that 40% of teens do not have a savings account, checking account, or debit or credit card, and 59% of teens do not have money management classes offered at their schools. Achieving economic prosperity is difficult, and it’s especially hard for young people who’ve never learned how to manage money.

allU.S. Credit Union is ideally positioned to respond because we believe in the power of education. We’re here to help you launch the youth in your life toward financial independence, and here’s how:

Join. For starters, open an allU.S. savings account for each child in your family. Guide teenagers through using a debit card and tracking transactions.

Share. Include your children in household money discussions. Show them how you budget income and expenses. As their skills improve, give them challenges – such as finding a better cell phone plan, calculating the total monthly cost of owning a car, or sticking to a budget for back-to-school or holiday spending.

Show. Show your children how to live within their means by setting a good example first. Stop buying things you don’t need. Kids learn by osmosis. If they see you doing something, they will copy. You need to show them what smart buying is all about. You can’t teach good personal finance if you don’t at least try to practice it yourself.

Teach. Let your children know that automating their money and bills is one of the best ways to keep their finances in top shape, maintain stellar credit, curb overspending, and not stress out about paying bills on time. Automation means you siphon your income into various channels each month such as into a savings account, an investment account, a credit card, and finally your bills. This method forces you to “pay yourself first” by saving and investing, and then pay all your bills on time.

Coach. Remind your children to ask for help when they need it. And turn to allU.S. when you want help. Our tradition of service and philosophy of self-help make allU.S. Credit Union and all credit unions a natural partner in pursuing financial security. We are committed to being your financial advocate, providing you the necessary resources to better manage your money and make informed financial choices.

Giving Financial Advice to Teenagers

Teenagers need to be encouraged to make good choices. A huge part of that process includes learning how to manage money responsibly. With a few easy tips that we have come up with below, your kids can be off to a lifetime of opportunities to grow financially.

  • Create Positive Spending and Savings Patterns
  • Get Started on a Path to Building Credit
  • Set Goals and Maintain their Importance
  • Help Them Start Saving for Retirement

Try not to Bail Them Out

Some Ideas to Consider While Teaching Finance to Teens
  • Discuss the difference between “must-have” purchases such as school supplies, and “would like to have” purchases, such as the latest fashion trendy jeans.
  • Explain the advantages of deferring purchases today, like a computer game or concert tickets, to save for another desired item like a car or college.
  • Promote shopping around before making purchases. This will hopefully assure getting a better deal and discouraging impulse buying.
  • Lastly, promote the use of financial (checking account, credit card) statement reviews as an aid to evaluate spending habits and promote good financial practices.
Giving Financial Advice to Young Adults

Manage your wealth, guard your health and keep your future in mind for every decision you make, be it financial or otherwise. allU.S. Credit Union cares about young adults! We want to help you save more, learn about money and have some fun!

Young Adults have the opportunity to take the full responsibility of being their own person, which means making wise and informed financial decisions. Using a few guidelines that we laid out below, you can be sure to stay on the right path on your journey to financial success.

  • Control Your Spending
  • Avoid Credit Card Debt
  • Save for Specific Goals
  • Develop a Savings Plan for Future Expenses
  • Build Up an Emergency Fund to Cover 6 Months of Expenses
  • Setup Savings on Autopilot with Direct Deposit
  • Start Saving for Retirement Now
  • Look Into Employer Contributions
  • Consider Ways to Cut Down Expenses

Eliminate High Interest Debts

Planning for College

Whether you are going to community college, a state school, or are heading off to a private college, allU.S. Credit Union can assist you in making excellent decisions about financing your education.

  • Apply for Financial Aid
  • Apply for Scholarships
  • Talk to a Guidance Counselor
  • Research Opportunities to Save Online
  • Compare Student Loan Repayment Options
  • Buy Used Textbooks or Use On-Campus Resources
  • Limit Credit Card Debt
  • Manage Your Meals (and meal plan)
  • Research Public Transportation
  • Join a Carpool
  • Use Housing Resources When Looking to Rent Off Campus
  • Wait a Minute Before Making a Purchase

Entering college is the perfect time to begin managing your finances. Properly maintaining your money will secure your financial future and lay the groundwork for handling it in the real world. These tips are not everything college students can do to reduce their financial burden. They are only a starting point.

Purchasing a Vehicle

Below are some tips to consider when you are ready to buy a car. These items will help you see the whole picture and perhaps point out some things you may have forgotten:

  • Do Not Go to a Dealer with the Intent of Buying Before Researching
  • Check Edmunds & Car and Driver Online, or Local Ad Listings for Used Deals
  • Get a Used Car Checked by a Reputable Mechanic
  • Don’t Add Extras on the Loan
  • Avoid Added Protection Policies (save money using allU.S.)
  • Discover the Factory Invoice Price of the Vehicle
  • Come in and Chat with Us Before You Buy
  • Learn the Value of Your Vehicle Before Trading or Selling
  • Compare Options and Consider Leasing if Appealing to Your Needs
  • Prepare Yourself to Walk Away
  • Don’t be Afraid to Shop Around

So, if you are thinking about buying a car, you have come to the right place. allU.S. Credit Union, Positively Different.

Having a Baby

Having a child can be one of the most exciting times of your life. At the same time, it can be stressful; especially in the ways it affects your income and finances. By taking some time now to become informed, you can put all of the necessary plans in place.

  • Review Your Health Insurance Coverage
  • Prepare for Unforeseen Spending
  • Review Your Household Budget
  • Understand Leave Options from Work
  • Cut Down Spending 1 Month Prior to Baby Arrival
  • Save Regularly and Find Creative Ways to Continue
  • Increase Your Insurance
  • Consider a New Vehicle
  • Get Your New Baby a Social Security Number
  • Learn more about Saving for College with Credit Unions.
  • For more information of 529 Plans, visit: SEC.GOV.
  • Learn more about Coverdell Education Savings Accounts at IRS.GOV

The unknown can be a little frightening for new parents. allU.S. Credit Union can help balance your family’s short-term and long-term needs to make the transition easier for you.

Buying a House

A home is one of the biggest and best investments you may ever make. But before you start searching for that perfect house, there are many important steps you should take to make the process run smoother. Once you are ready, allU.S. and our mortgage partner, CU HomeLand, can help get you started!

  • Start saving for a down payment on your mortgage.
  • Get a copy of your credit report and credit score
  • Gather your financial documents – Driver’s License and passport or social security card (for the Patriot Act), W2 statements for the last two years, Federal tax returns for the last two years, bank or credit union statements for the last few months, recent pay stubs and proof of other income and proof of investment income
  • Figure out how much you will be willing to spend on your new home and shop around for a loan
  • Get Pre-Approved for loan with allU.S. and CU HomeLand
  • Ask for a Realtor Referral
  • Discuss Preferences on Location, Style, etc. of Home with Realtor
  • Know Your Walk-Away Price and Stick to It
  • Pick Your Loan Type Carefully and Review Payments Terms Before Agreeing

Make Your Payments and Enjoy Being a Homeowner!

Planning Your Golden Years

Most people agree that it is important to have goals for your income, expenses, and savings for the future. Many people plan the actions and decisions necessary to achieve these goals, and at allU.S., we want to be there every step of the way.

That means that we are here to help you identify sources of income, estimate expenses, implement savings programs, and help our members manage their assets and risks. In a time of increasing instability, these steps have become even more important than ever, and at allU.S., we could not agree more! Check out these basic tips to make the most of your money.

  • Start Savings & Keep Saving
  • Know Your Retirement Needs
  • CalPERS
  • Put Money Into an IRA
  • Contribute to Employer’s Retirement Savings Plan
  • Learn About Employer’s Pension Plan
  • Research Social Security Benefits
  • Consider Basic Investments
  • Don’t Touch Your Retirement Savings
  • Ask Questions

Planning for retirement should begin with your very first job and along the way make sure you adjust your plans as your life and circumstances change. But no matter when you start, the key is to get started and allU.S. Credit Union can help make your retirement years as comfortable as possible.

Planning for Future Generations

Because we love our families, we are tasked with protecting them from becoming impoverished with the loss of your annual income. Since you will no longer be there to support them physically, this means that Life Insurance and a Living Trust are needed.

Since both are very easy to enact, it may take only a modest amount of effort to make the most of your assets. For example, to replace a bread winner’s annual income, during the years our children are growing up, from 1 to 21 years, is fairly inexpensive. We have resources here at the credit union to assist you in putting the coverage that best suits you, in place.

These steps are important in determining who stands to gain most when your IRA passes to your kids, as well as whether you may need a Living Trust if you already have a will. Our experts are here to help you keep your family covered.

Learn About Your Credit Resources

What is a Credit Score?

From the moment you begin your financial footprint, your information and history has been collected and stored by credit bureaus.  Today, there are three major credit bureaus:  Equifax, TransUnion and Experian.  The information they collect is analyzed, dissected and translated into your Credit Score.

Contrary to popular belief, information on credit scores is not always common knowledge. A lot of people do not necessarily know what their credit score is and how the credit score is calculated. This is where this bit of information will come in quite handy. You need to understand your credit score and how it was calculated.

A credit score consists of three digits that have been created by a mathematical formula based on information obtained from your credit report. What your credit score does is predict risk, specifically, the likelihood you will become delinquent on your credit obligations in the next year.  There are many models that do credit scoring but the most popular is the Fair Isaac Corporation, FICO, credit score. More than ninety percent of companies in the US use the FICO score to make their lending decisions. The scores range from 300 to 850.  The higher your credit score, the lower your risk factor.

What does your credit score consist of?

The information that is gained from your credit report will be placed in five main categories and will be used to produce your credit score. The scoring model used will weigh some of the factors more heavily than some, including payment history and debt owed. Your account payment information, inclusive of delinquencies and public records, makes up your payment history and carries a weight of 35 percent. The amount you owe on accounts is weighed at 30 percent. Fifteen percent is accredited to the length of your credit history, which tells how long the accounts have been open and the last account activity. The remaining 20 percent are equally shared between the types of accounts used and the new accounts that you are pursuing.

Companies other than lenders may request to review your credit report.  Some of these include current employers, prospective employers, licensing agencies and potential landlords.  With so much riding on your credit score, it is important to maintain a good score, as well as take steps to ensure its accuracy.  At allU.S. Credit Union, we recommend an annual credit report review to ensure accuracy and to check for identity theft.

Tips to Get Credit Back on Track

Your credit score will affect so many aspects of your life. So, if you find yourself in the misfortune of having bad credit, don’t despair. Sit down and set out a plan, map out your journey to get your credit back on track!

  • Monitor Your Credit Score
  • Pay Bills On Time (Set Up Autopay)
  • Pay Off Your Credit Cards
  • Be Wise with Your Credit
  • Take Out Small Credit Score Loans (If Needed)
  • Avoid High Interest Credit Cards
  • Get a Credit Counselor
  • Communicate with Your Creditors
  • Give Yourself 7 Years

With these simple steps, you can be on your way to financial independence in no time!

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