Building lifelong relationships with our members to help them achieve their financial goals.

Spring 2012 - Vol. 6, No. 2

Travis Credit Union - Home

The ways we save you money

If you've been a member of Travis Credit Union for a while, you've probably heard us talk about our "People Helping People" philosophy that is at the core of what we do. Every one of us here, from our Board of Directors and management team to our departmental staff and branch employees, wants to help make managing your money convenient and easy.

One of the ways we do this is by saving you money. You may not be aware of it, but your credit union membership saves you money in a variety of ways. It could be on the interest you saved when you refinanced your home or auto loan with TCU, that you've utilized our free and low-cost products and services or that you've participated in some of our year-round financial education seminars and, as a result, have become better money managers yourself.

Refinancing options
In this Spring issue of Smart Money Matters, we've included several articles that convey the theme of saving you money. If you're a homeowner, you may want to learn how refinancing your loan can improve your cash flow and lower your monthly payments, especially with today's low interest rates and our no points, no fees option. If you're house hunting, be sure to read about buying a discounted home through foreclosure or short sale.

Switching to a lower interest rate to lower your auto loan payment is a good strategy to improve your cash flow. Or, depending on your needs, you can keep the payments the same and save money by paying off your loan sooner. There's also an article on how you can determine a new vehicle's fuel economy, which is timely in this period of rising gas prices.

Other ways to save
In our Business Matters column, we discuss how the current economy provides business owners with significant savings opportunities. We talk about how the combination of historically low interest rates, rock-bottom commercial property prices and lower property taxes may allow business owners to buy a property to house their business and possibly expand for the expected increase in consumer spending that many financial experts predict will occur in the near future.

Another way you can save is to regularly review your credit report so you can spot any issues that may lower your credit score and thereby raise the interest rate offered to you by lenders.

For parents, if your teens need to learn how to manage their money, we encourage you to enroll them in our Mad City Money financial boot camp. They'll learn how a home budget works and what

Patsy Van Ouwerkerk,
President and CEO

Curt Newland,
Chair, Board of Directors



happens if they don't take care of expenses. For our younger members, we invite them to participate in our Super Saver Drawing Contest that is part of National Credit Union Youth Week. They could win $100!

Our Fee Philosophy
While we will always strive to save you money, we do charge fees to help offset expenses associated with offering certain products and services. For the first time in more than two years, we will modestly raise a few of our fees. Our practice has been to charge a fee only when absolutely necessary to recover the costs of an offered product or service. And compared to big banks, you'll find our fees are typically much lower.

Even the way we process fees is member friendly. For example, we always post deposits first and then post checks at the end of business day. This helps our members avoid a fee because their deposits are posted before their checks are cleared. Of course, if checks are presented for payment at our branches they are posted at that time. Also, in most instances, there's an alternative to avoid a fee. For example, if you're concerned about paying a fee for having insufficient funds in your checking account when you write a check, set up overdraft protection from your savings, credit card or line of credit.

Our philosophy will always be to keep fees at a minimum but to charge them when we believe it is reasonable to do so to help keep overall expenses in line, and be assured we will continue to offer you alternatives to paying fees.

Join us for our 61st Annual Meeting
Along with saving money, TCU members also have a say on selecting our Board of Directors and our Supervisory Committee members. We invite you to attend our annual business meeting at 5 p.m. Thursday, April 26 in the Community Room of our corporate headquarters at One Travis Way in Vacaville.

Curt and I will review our 2011 accomplishments, which also marked our 60th anniversary, and discuss our goals for this year.

We look forward to seeing you there!

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Federally insured by NCUA.
NMLS registered. Equal Housing Lender.