• 1Q22 Vision

    A Shared Vision for the Future

    Western Healthcare FCU + McKesson EFCU

    Learn More about shopping for pre-owned vehicles

  • 1Q22 TurboTax

    Tax Solutions

    And Savings for Members

    Learn More about shopping for pre-owned vehicles

  • 4Q21 Auto Loans

    Save More Shopping
    Pre-Owned Vehicles

    Rates as low as 2.29% APR*

    Learn More about shopping for pre-owned vehicles

  • 3Q21 Real Estate

    Find a Mortgage Loan That Works For You!

    Find the Right Home Loan with Your Credit Union

    Learn More about home loans

  • 1Q21 Visa

    Save More

    With Platinum Visa Credit Cards from WHFCU

    Learn More about Platinum Visa credit cards

  • 3Q21 HELOC

    Achieve Your Dream Vision

    With a Home Equity Line of Credit

    Learn More about home equity lines

Improve Your Finances

Is improving your financial strength and saving money at the top of your to do list? If so, you are one of millions of consumers who are interested in finding lower interest rates and reducing their debts - ultimately resulting in more cash in their pockets on a monthly basis.

It can be very difficult to sift through all of the junk mail and television ads and find a solution that truly meets your specific situation and needs. Your credit union is here to help you find the answer and tailor a specific plan for financial success.

Here are a few things to consider:

  • Pay off high rate credit cards. Take advantage of the new low rates for unsecured loans at the credit union and pay off those high-rate department store credit cards. With the lower interest rates, more of your payment will apply to the balance rather than finance charges, and those debts will melt away. Be sure to close out those unused department store cards when they are paid off. It will alleviate the temptation to use them again, and leaving numerous accounts open can affect your credit scores.
  • Refinancing mortgage loans. If you are interested in obtaining some of the lowest mortgage rates in recent years, now is the time to talk to a credit union representative. We are here to find the best mortgage for your needs – and we guarantee the lowest lender closing cost around. Call today for a Mortgage Analysis at 650-231-1300.
  • Refinancing auto loans. If you financed an auto in the past few years, it's worth taking a look at refinancing. A lower interest rate will bring great savings over the term of the loan. Also, if you took advantage of the 0% financing offered by a dealer and now can't afford the large monthly payment - consider a loan with the credit union to get back to a more comfortable monthly expense.
  • Home equity loans. Consider utilizing your assets to help improve your monthly cash flow or to reduce interest rates. A second mortgage or home equity loan can be utilized for a multitude of purposes such as home improvements and debt consolidation, and you may be able to take a tax break on the interest paid.
  • Auto equity loans. This may be a new thought to you, but your auto is an asset just as a home. If your vehicle is worth more than you owe, or if you own it outright, it can be used to establish a used auto loan. The borrowed money can then be applied to pay off other debts or obligations at a much lower, secured interest rate.

At WHFCU, we are ready to discuss your specific needs and find a financial plan that will exceed your expectations. With low rate loans, high rate savings, and numerous low or no fee services, we are certainly the best all-around value. Contact a representative at (925) 524-5000 today!

Credit Scoring

If you have ever applied for a car loan, mortgage, or even looked into an insurance policy - you've probably heard about your credit score (sometimes called your FICO score).

But what exactly is it, and how does your history and decisions affect it?

Your credit score is a three-digit number (with approximately 900 being the high end), used by lenders in evaluating your "creditworthiness." Each lender establishes their own guidelines for what they consider to be a "good" score versus a "bad" score. Individuals with lower credit scores often pay higher interest rates on mortgages or credit cards because they are viewed as riskier borrowers.

Your credit score is based on numerous factors, such as:

  1. Length of credit history,
  2. Payment history,
  3. Total amount of debt owed,
  4. Amount of unsecured or revolving debts (credit cards, lines of credit, etc.),
  5. Number of inquiries (times a credit grantor requests your credit report - basically each time you have applied for credit), and/or
  6. Public records, judgments, bankruptcies, repossessions, etc.

Copies of your credit report and information on your credit score can be obtained from the reporting Credit Bureaus for a small fee.

  • Equifax
  • Experian (formerly TRW)

Helpful Tip: Unsigned Credit Cards

Newspaper and magazine articles, including those written by consumer advocates, sometimes give cardholders the impression that not signing their cards protects them from fraud.

As a result, cardholders are presenting unsigned cards or cards with the notation "See ID" written on the signature panel. Unsigned cards or those with "See ID" written on the signature panel are invalid according to Visa and MasterCard Operating Regulations. Merchants or acquirers should not accept unsigned cards.

So the next time you get a new or reissued card, be sure to sign it immediately. That way, you can avoid the inconvenience of having your card rejected.

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