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Score $100 in our Cash & Cars Loan Cup!

Score $100 in our Cash & Cars Loan Cup!

There are two ways you can drive down the field and score $100. Are you planning to buy a new car? Do you want to save money by refinancing an existing auto loan?

  1. Purchase a New Car — We're teaming up with Autoland to help you score the exact vehicle you want — hassle free — at the lowest price. During our Cash & Cars Loan Cup, you'll receive a $100 bonus* when you purchase a vehicle through Autoland AND finance it with E-Central. Get pre-approved to kick-start your vehicle search through Autoland.
  2. Refinance a Car Loan — Earn $100** when you refinance a car loan from another lender with us... even if you just purchased a car recently. Plus, you'll save money every month with lower payments and you won't have a payment for up to 45 days when you refinance.

Act fast! This is a limited time offer that ends August 31, 2014. For more information, call us at 626.799.6000

*The $100 bonus will be awarded in the form of a $100 American Express Gift Card distributed by Autoland within 30 days after funding date. Offer valid 07/01/14-08/29/14. Autoland purchase and E-Central CU loan funding must be on or before 08/29/14. Promotion subject to change or end without notice. **Refinanced loan must be $10,000 or greater to qualify for $100 reward. Loan must fund before 08/31/14. $100 refinance reward will be credited to your E-Central membership savings within 60 days after funding date. The amount of actual rate reduction will vary based on creditworthiness and current loan rate from an outside financial institution. Refinanced rate not to go below current best new car rate as of 07/01/14. Not available to refinance existing E-Central loans. Must be a Member in good standing.

Autoland Is On YOUR Team — Meet Diana G.D.A. Bañuelos

Autoland Is On YOUR Team

Buying a new car? Look to Autoland to assist you from start to finish. Our onsite Autoland car buying consultant, Diana G.D.A. Bañuelos, is an expert in helping people track down the perfect vehicle. She has been with Autoland for seventeen years. She's fluent in English and Spanish. Most importantly, she has a passion for cars... and finding the best deal.

"I love helping people find their perfect car — there's nothing more gratifying than doing what's right for members" says Bañuelos. "Knowing that members trust me to help with such a large purchase is a wonderful feeling. It's my favorite part of my job." As a young child, her father shared his passion for cars and taught her all about the different makes and models. Bañuelos declares, "My personal favorite are trucks."

A typical day for her involves consulting with Members about their car purchasing options and guiding them through the buying process. This includes doing all the work to find a member's perfect car, negotiating a great deal on their behalf, coordinating the financing with the credit union and ultimately, delivering the car to them! "It's the easiest way to buy a car — since I do all the work," states Bañuelos.

For a no-obligation consultation or to start your car search, give her a call at 626.799.6000 ext. 654 or 626.799.0048 or contact her online

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HELOCs Are Back! What it Means for Homeowners.

HELOCs Are Back! What it Means for Homeowners.

Rising interest rates, rebounding home prices and improving consumer confidence has brought the return of home equity lines of credit, otherwise known as a HELOC. If you've been in your home for many years, you may be able to put some of your equity to work to improve your financial picture. Typically these loans are at a lower interest rate than other borrowing options. The interest you pay is generally tax deductible (consult with your tax advisor), so a HELOC can also provide tax benefits — regardless of how you use the funds.

A HELOC from E-Central could enable you to combine several credit card and loan balances into just ONE low, flexible payment. This could greatly improve your monthly cash flow. Another wise use of equity is to finance home improvement projects that will increase the value of your home. Things like kitchen or bath remodels, new flooring, or upgraded landscaping.

Call 626.799.6000 and our mortgage loan professionals will answer your questions, help you determine if an equity loan is right for you, and guide you through the process.

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Avoid Checking and Overdraft Fees

Avoid Checking and Overdraft Fees

Did you know... that overdraft charges cost consumers over $30 BILLION per year? Well, banks know it... and love it. A recent study by the Consumer Financial Protection Bureau showed that more than 70% of banks charge overdraft fees of $35 or more.

Did you know... about half of the big banks engage in a practice called reordering. By reordering a consumer's transactions to process the highest dollar value transactions first, it makes it more likely that a consumer will overdraw their account.

Switch to E-FREE Checking and Save — At E-Central, we're here to provide financial services created with your best interest in mind. Our E-Free Checking is a prime example. This member-friendly account has no monthly fee and no minimum balance requirement. Plus, we process in real-time so it's fair to you. Switch and save! Call or stop by E-Central to open your new E-Free Checking Account today.

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Want to Get Rid of PMI? Talk to Us About a Re-Fi!

Want to Get Rid of PMI? Talk to Us About a Re-Fi!

With the recent rises in home values in California, you might be able to make your mortgage payment a little smaller and more affordable.

If you originally financed your home with a down payment of less than 20%, you're probably paying Private Mortgage Insurance (PMI). You may be able to eliminate this extra expense, which can be $200 to $300 per month (based on .05 to 1% of your loan amount), by refinancing at E-Central.

By reviewing your current loan and estimating your property value in today's real estate market, our in-house mortgage experts can tell you if you may be able to eliminate PMI. If your home has gone up in value, and you now have 20% equity or more, you may be able to get a new loan from E-Central — at today's low rates — with no PMI required. Whether you choose a 5, 7, or 10-year adjustable rate mortgage, or a 15, 20, or 30-year fixed rate loan, you might reduce your payment by more than the cost of your PMI! Call or stop by E-Central today. Our Home Loan experts can explain all your best options.

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Holiday Reminder

The Credit Union will be closed to celebrate the following holidays:

New Years Day:
Wednesday, January 1, 2014

M L King Day:
Monday, January 20, 2014

Washington's Birthday:
Monday, February 17, 2014

Memorial Day:
Monday, May 26, 2014

Independence Day:
Friday, July 4, 2014

Labor Day:
Monday, September 1, 2014

Columbus Day:
Monday, October 13, 2014

Veteran's Day:
Tuesday, November 11, 2014

Thanksgiving Day:
Thursday, November 27, 2014

Thursday, December 25, 2014

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