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When you join NBC Universal Employees Federal Credit Union by opening a Regular Share Account, you are establishing a cooperative "Share" of member/ownership.
Your Share Account establishes your right to enjoy all other Credit Union services.
Regular Share Accounts must maintain a balance of $5 or more. Competitive dividends are earned from the date of deposit to the date of withdrawal, and are posted and compounded quarterly. Members may make up to six free withdrawals of less than $250 per month, then pay a $2 fee for each additional withdrawal. There is no limit on withdrawals of $250 or more.
"Share Accounts... the Foundation of Credit Union Membership"
In addition to savings, Regular Share Accounts can be used to make pre-authorized loan payments... ask one of our Membership Representatives for details.
INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
IRAs let individual wage earners save up to $2,000 a year, while deferring
income taxes on that money and the dividends it earns. A wage earner
with a non-working spouse may save up to $2,250.
Under current tax laws, the full tax benefit of IRAs are available to persons not covered by a qualified pension plan, to all single tax filers earning less than $25,000 a year and to joint tax filers earning combined incomes of less than $40,000 (even if they are covered by a qualified pension plan). All IRA dividends are tax-deferred, regardless of eligibility for tax deductions.
IRA Certificates including ROTH and Education are available in terms of one or three years. Ask us for more details.
NOTE: Laws regarding IRA tax deduction eligibility may change periodically. Please consult your tax advisor for current laws and details about eligibility in your specific circumstances.
Share Certificate Accounts
Share Certificate Accounts earn higher dividends than Share Accounts in exchange for guaranteed terms of investment. Withdrawals may be made once a month without penalty, as long as the minimum balance is maintained.
You may choose your own Certificate term, any number of days from 30 to 365. A term of 30 to 60 days requires a minimum deposit of $1,000; 90 to 179 days requires a $2,500 deposit; 180 to 269 days a $5,000 deposit; and 270 to 365 days a $7,500 deposit.
There is also a Jumbo Certificate with a minimum opening deposit of $50,000 and a term of 90 to 180 days. Jumbo Certificate Accounts permit subsequent deposits and withdrawals down to the minimum balance.
Club Accounts let you save for summer vacations or winter holidays, with your choice of a June or December maturity date. Dividends are earned at the same rate as Regular Share Accounts. Members automatically receive a check for the amount saved and dividends earned upon maturity. Club accounts renew automatically each maturity period.
SAFETY... At NBC Universal Employees Federal Credit Union, all member accounts are federally insured up to $100,000 by the National Credit Union Share Insurance Fund (NCUSIF), a U.S. Government Agency. In addition, IRA's are separately insured up to $100,000 by the NCUSIF.
To further secure your investments, the Credit Union maintains strict internal controls for safe and sound operations. No foreign loans, commercial loans or energy development loans are made. NBCUEFCU invests primarily in YOU and your fellow member-owners, in the form of low-cost member loans.
For current rate information please call our Rate Hotline, (818) 840-4007 Ext. 3. Or view our Rates Page.
For personalized assistance opening any savings account, stop by the office or call:
Click here for full disclosure - last updated June 1, 2000
Truth in Savings Disclosures for Regular Share Accounts, Holiday Club Accounts, Share and IRA Certificate Accounts. Please read the Truth in Savings Disclosure information as it can change at any time.
Click here to apply for a new vehicle loan
New Vehicle Loans for cars and trucks are available in amounts up to $100,000 for 100% of the purchase price, including tax, license and
Credit Union Mechanical Breakdown Insurance (MBI). Repayment terms are available up to 84 months.
Financing for used vehicles is available in amounts up to 100% of wholesale
value as determined by Blue Book guidelines. The maximum loan amount
is $75,000, with repayment terms up to 72 months.
Click here to apply for a used vehicle loan
Vehicles financed with other lenders can be refinanced through NBCUEFCU for up to the base retail Blue Book value. Repayment terms are available up to 72 months, and the Credit Union generally can offer a more competitive rate.
Vehicles owned free and clear can be used as collateral for auto equity loans. Members can borrow up to 100% of the vehicle's base retail Blue Book value, and can repay in terms up to 72 months. An auto inspection is required and the vehicle must have a California title to qualify.
Vehicle financing is available at the Credit Union for new and used cars, trucks, RVs, motorcycles and boats.
Most vehicle loans can be pre-approved, offering members a considerable bargaining advantage during dealer negotiations.
Click here to apply for a Vehicle Loan Pre Approval
New RV Loans are available to qualified members. Ask us for current rates.
Recreational Vehicle loans include RVs, motor homes, travel trailers, campers, van conversions and boats.
PERSONAL LOANS
Click here to apply for a Personal Loan
SHARE & CERTIFICATE SECURED LOANS
Existing Share and Certificate Accounts may be used to secure loans for up
to 100% of the available account balance, at 1% above the current
Share rate or 2% above the Certificate rate. This is an ideal way
to borrow for individual or family needs without sacrificing savings!
During the period in which this type of loan is outstanding, the
Share or Certificate balance securing it may not be withdrawn. And,
for Certificate-secured loans, the repayment period will coincide
with the Certificate term (maturity date).
For budget flexibility and convenience, the Credit Union offers a pre-approved,
unsecured line-of-credit loan that can be accessed whenever a need arises.
Available for up to $15,000, based on monthly income, credit history and other
qualifications, it offers generally lower interest rates than bank and
department store credit cards. The revolving line-of-credit loan is an
affordable choice for a variety of consumer needs, and Payroll Deduction is
available as a convenient, automatic repayment option (when available through
your employer).
Click here to apply for a Personal Line Of Credit
Finance the purchase of new computer equipment with this fixed-rate loan,
repayable in up to 36 months at a special low rate. The maximum
loan amount is $5,000 and funds may be used for any hardware or
software purchase.
HOME LOANS
NBCUEFCU has a 1st Trust Deed mortgage loan program with competitive rates.
Members can apply to refinance their
existing 1st mortgage up to the conforming loan amount of $417,000.00.
To help our members meet major borrowing needs NBCUEFCU has a 2nd Trust
Deed Program with two options
Click here to apply for RE-Fi and Equity loans
Affordable, Convenient Loans
All members of NBC Universal Employees Federal Credit Union are eligible to apply for
affordable, convenient loans. The loan amount for which you are
approved may vary based on factors such as income, and/or credit
history. All loan applications receive a fair, confidential review.
Accomplish your financial goals with the equity in your home
- Fixed Rate ($5,000-$75,000 )
Repayable in up to 10 years ( 120 months ) - Fixed Rate ($50,001-$150,000 )
Repayable in up to 20 years ( 240 months )
Benefits of 2nd Trust Deed Loan Program include: Finance up to 85% of appraised value (less the
balance on your first mortgage) "Low loan costs" which include appraisal fee plus title insurance, recording fees and associated charges. If you cancel your loan, third party fees may apply. Ask your tax advisor or financial
counselor about possible tax advantages.
2nd Trust Deed funds may be used for any consumer need.... home improvements, college tuition,
vacations, big ticket purchases.... even use it to purchase a new car!
And since both new 2nd TD's are closed-end loans ( not revolving ) monthly
payment amounts remain the same for the life of the loan, so
budgeting monthly payments is easier.
Wise use of the equity in your home can help you accomplish major financial goals. And a Home Equity Line-of-Credit loan from NBC Employees FCU is an ideal way to utilize your equity! Pre-approved, home-secured credit line features include:
After your 1st initial advance from your
Home Equity Line-of-Credit, you can borrow in periodic increments as low as $1,000 or up to the full amount of your limit. And... funds can be used for any consumer purpose or need!
Please Note...
The responsible use of home equity loans can help further financial goals while preserving valuable home equity; however, a home equity loan requires a lien against your property. It is important that you do not overextend your credit, possibly jeopardizing your finances as a result.
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