valued member

Happy New Year! What a transformative year 2018 was for us. Our organization covered lots of ground toward our goal of delivering the best banking technologies to equal the caliber of our outstanding, friendly member service. This means no matter how you interact with us you will be pleased. When we asked our members what was the one thing they would change if they could, they said our antiquated online and mobile banking systems. So, we launched a cutting edge mobile app and online banking system in June, with more useful features coming soon to help you manage your cards and bill payments. In the fall we introduced enhanced security and fraud mitigation for our debit card users.

Throughout the year we made additional member communication improvements including our social media presence in order to stay relevant and in touch with all our members. And, there’s more! We now have member-friendly solar loans, RV loans and even classic car loans, to meet your borrowing needs.

We also expanded our home equity product line and introduced our new Power Boost home loan. This loan is designed to help members that want to buy a home, but don’t have the full down payment to do it. I also must report on our outstanding financial accomplishments. Not only did we make over $100 million in net new loans to our members last year, but we also grew to over $700 million in assets and, for the first time in our 82-year history, exceeded $5 million in annual net income – growth and performance that illustrates our financial safety and soundness.

We also expanded our community charter so we can now serve members throughout the entire County of Los Angeles – from the mountains to the sea. Last year, I told you that WPCCU is the best credit union in Los Angeles and with your guidance and patience we would transform ourselves so that we can remain the BEST. We are making progress toward our goal of customizing financial solutions for all members by improving our technologies without compromising our friendly,
family-oriented service. This is because of the outstanding talent and dedication of our extremely hard-working staff. Without them, we would not be the credit union you, our members, have grown to love.

I hope your 2019 treats you well. And, to paraphrase my favorite Irish proverb; may this year bring you health, wealth and happiness, and the time to enjoy all three.

Warmest regards,
Barry Roach
CEO
Don’t let holiday bills wipe out the warm glow of holiday cheer!

Debt consolidation loans are used to pay off and simplify existing debt by consolidating multiple payments and accounts into a single account with one lender and payment.

Consolidate debt to WPCCU Simple1 loan with rates as low as 8.99% APR* and enjoy the flexibility to:
• Pay down debt faster
• Have one, smaller monthly payment
• Simplify bill paying
• Improve your credit rating

Debt consolidation loans can be a good idea for many consumers, saving you money on interest and monthly payments, and potentially increasing your credit score!
Ten Best Personal Finance Resolutions for 2019

The start of a new year provides a natural opportunity to look back and offers an extra push toward new adjustments going forward. That's why New Year's resolutions are so popular. If you are looking for some changes in your financial circumstances, here are the ten best personal finance resolutions to consider. Choose just one or two to accomplish in 2019 and you'll be surprised at the difference in your life!

More Americans forgo cash

Americans are using less cash, with roughly 29% of adults making no purchases with physical currency during a typical week, says the Pew Research Center. That's up from 24% in 2015. And more Americans are comfortable walking around without cash — 53% try to keep currency on hand, down from 60% in 2015. The shift comes as businesses increasingly go cashless and countries such as Sweden explore the pros and cons of a cashless society.

Source:
Is your retirement on course?

Whether you're close to retirement, just entering the workforce, or somewhere in between, the new year is a good time to review your retirement plan.

Schedule   a no-obligation consultation to discuss your goals with our CFS* Financial Advisors.
  
Start planning for your future. Call us at 213-580-1623

* Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor.  Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal.  Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.
It's digital banking designed for you
Download the new WPCCU mobile banking app today
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* APR = Annual Percentage Rate. Rate shown as of 01/01/19 is for a 12- to 60-month term. All credit union loans are subject to income verification and ability to pay. Your rate may be higher based on your credit score. Representative example: A $15,000 Signature Loan financed at 8.99% APR for 60 months would result in 60 monthly payments of $311.30. This loan may not be used to refinance existing WPCCU loans.

Mobile banking requires that you download the new WPCCU mobile app and is only available for select mobile devices. The app is only available in the English language. Message and data rates may apply.

Android, Google Play and the Google Play logo are trademarks of Google, Inc. Apple, the Apple logo, Touch ID, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.


Federally Insured by NCUA. WPCCU is an Equal Opportunity and Equal Housing Lender. Membership is available to individuals who live, work, worship, or attend post-secondary school in Los Angeles County.