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  • Q: What are the contest dates?
  • Q: Remind me… What’s BalanceTrack again?
  • Q: Can users enter more than once?
  • Q: Who’s eligible?
  • Q: What’s the Module of the Month?
  • Q: How are winners selected?
  • Q: How can I make an urgent same day payment?
  • Q: What types of loans can be paid through Speedpay?
  • Q: What is the cost to make an urgent same day payment?
  • Q: When is the payment posted to my account?
  • Q: What payment types can I use?
  • Q: When will the funds be taken out of my account?
  • Q: Why won't the automated system accept my ZIP Code?
  • Q: Why was my card not accepted at the very end of the Speedpay process?
  • Q: Why was my card expiration date not accepted?
  • Q: What is the minimum and maximum payment allowed through Speedpay?
  • Archived Annual Reports
  • Protecting Your Mobile Device*
  • Internet Explorer Vulnerability
  • Android Security Bug — "Fake ID"
  • Merchant/Retailer Data Breaches
  • Phishing Scam
  • DocuSign Phishing Scam
  • Airline Ticket Phishing Scam
  • Fraud Email Survey Phishing Activity
  • Vishing (Telephone) Scam
  • Smishing (Text Message) Scam
  • Fixed-Rate Home Equity Loan*
  • Home Equity Line of Credit*
  • Q: What is The Hope Group?
  • Q: Does membership in The Hope Group allow me to become a member of CAFCU?
  • Q: Can anyone join The Hope Group?
  • Q: Can I belong to The Hope Group without belonging to the credit union?
  • Q: Are there additional advantages to joining The Hope Group and the credit union?
  • Q: Who runs The Hope Group?
  • Fixed-Rate Mortgages
  • Adjustable-Rate Mortgages
  • Fresh Start Mortgages
  • Refinance an Existing Mortgage
  • Members Advantage Mortgage
  • Mechanical Repair Coverage (MRC)
  • Guaranteed Asset Protection (GAP) with Deductible Assistance
  • Payment Advantage
  • Discounted Auto Insurance
  • Collateral Protection Insurance
  • Discounted Roadside Assistance
  • Death was before the Required Beginning Date (under age 70½):
  • Death was after the Required Beginning Date (age 70½ or older):
  • Death was before the Required Beginning Date (under age 70½):
  • Death was after the Required Beginning Date (age 70½ or older):
  • Death was before the Required Beginning Date (under age 70½):
  • ​Death was after the Required Beginning Date (age 70½ or older):
  • Traditional IRA
  • Roth IRA
  • Q: What is a chip card?
  • Q: How does chip technology protect my information?
  • Q: Where can I use a chip card?
  • Q: Can I still swipe my card to pay?
  • Q: Will I have to pay any fees to use a chip card?
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Q: What are the contest dates?

A: June 1 – August 31, 2018.

Q: Remind me… What’s BalanceTrack again?

A: BalanceTrack is an educational online resource created by BALANCE to help users boost their financial IQ. Modules include pressing topics such as money management, credit building, saving for college, and much more. At the end of each module, you test your knowledge by taking a quiz.

Q: Can users enter more than once?

A: Yes! Each completion of a new module with a passing grade earns them an additional entry.

Q: Who’s eligible?

A: Contestants must be at least 13 years old.

Q: What’s the Module of the Month?

A: Each month, we’ll highlight a special BalanceTrack module as the “Module of the Month.” Once completed, users will be entered to win the monthly $100 Amazon gift card, and earn three bonus entries towards the $1,000 grand

Q: How are winners selected?

A: Winners will be chosen at random.

Q: How can I make an urgent same day payment?

A: A member can make an unassisted payment by calling 1-800-359-1939 and choosing option 5 for Affiliated Services and then option 7 for Western Union Speedpay or they can pay online. These options are available 24/7.

A member can make an assisted payment through a Member Center Specialist by calling 1-800-359-1939 and choosing option 4. This option is available Monday through Friday from 7 a.m. - 7 p.m. CST.

Q: What types of loans can be paid through Speedpay?

A: All CAFCU loans can be paid through Speedpay except mortgages.

Q: What is the cost to make an urgent same day payment?

A: A cost of $10 per item will be added to your authorized payment.

Q: When is the payment posted to my account?

A: If the payment is made by 3:30 p.m. CST, on a business day, it will be posted the same day. If made after 3:30 p.m. CST, or on a non-business day, it will be posted the next business day.

Q: What payment types can I use?

A: Debit Card, Electronic Check (ACH), ATM Card

Q: When will the funds be taken out of my account?

A: For a Checking or Savings account ACH payment, the funds will be taken out the next business day.

For a Debit or ATM card payment, the funds will be taken out the same day.

An Electronic Check (ACH) can be scheduled up to 7 days in advance for your payment.

Q: Why won't the automated system accept my ZIP Code?

A: The system is requesting the ZIP Code associated with your card. If the ZIP Code is still not accepted, you should get in touch with your financial institution.

Q: Why was my card not accepted at the very end of the Speedpay process?

A: Verify that the card you are using has a Visa or MasterCard logo on the card. If it does and the payment is still being declined, you should contact your financial institution.

Q: Why was my card expiration date not accepted?

A: Verify that the card you are using has a Visa or MasterCard logo on the card. If it does, you should contact your financial institution.

Q: What is the minimum and maximum payment allowed through Speedpay?

A: Minimum is $1 and the Maximum is $500.

Protecting Your Mobile Device*

  • When purchasing a smartphone, know the features of the device, including the default settings. Turn off features you don’t need to minimize the risk of attack.
  • Some phones have encryption available. This can be used to protect your personal data in the case of loss or theft. Ask your cellphone dealer if this is available on your model.
  • With the growth of the application market for mobile devices, be sure to look at the reviews of the developer/company who published the application.
  • Review and understand the permissions you are giving when you download applications.
  • Use a passcode to protect your mobile device. This is the first layer of security to protect the contents of the device. Also enable the screen lock feature after a few minutes of inactivity.
  • Obtain malware protection for your mobile device. Look for applications that specialize in antivirus or file integrity that help protect your device from rogue applications and malware.
  • Be aware of applications that use geo-location, which will track the user’s location anywhere. This application can be used for marketing, but can also to assist a possible stalker and/or burglar.
  • Jailbreak or rooting is used to remove certain restrictions imposed by the device manufacturer or cellphone carrier. This allows the user nearly unregulated control over what programs can be installed and how the device can be used. However, this procedure often compromises the cellphone’s security, making it more vulnerable to attack.
  • Do not allow your device to connect to unknown wireless networks. These networks could capture information passed between your device and a legitimate server.
  • If you decide to sell your device or trade it in, make sure you wipe the device (reset it to factory default) to avoid leaving personal data on the device.
  • Smartphones require updates to run applications. Update your phone regularly to reduce the risk of the device being hacked or compromised.
  • Avoid clicking on or otherwise downloading software or links from unknown sources.
  • Use the same precautions on your cellphone as you would on your computer when using the Internet.

*Source: Federal Bureau of Investigations, IC3 (Internet Crime Complaint Center), October 2012.

Internet Explorer Vulnerability

On April 26, 2014, Microsoft announced a serious vulnerability for users of Internet Explorer (IE) affecting versions IE 6 through IE 11. This vulnerability allows an attacker to insert and execute code on a computer.

What you need to know: Microsoft released a patch on May 1, 2014 to address the vulnerability. Users of IE 6 through IE11 should review the Microsoft Security Bulletin MS14-021 and ensure the patch has been installed prior to using the Internet Explorer browser. Until the patch has been installed, members are encouraged to utilize another internet browser, such as FireFox or Chrome.

While Microsoft released an update for Microsoft Windows XP users due to the severity of this vulnerability, further security updates are not expected for Microsoft Windows XP as the product has been discontinued.

An additional layer of security can be put in place to protect against financial malware threats by installing the IBM® Trusteer Rapport product offered to CAFCU members at no-cost. Click here for details.

Android Security Bug — "Fake ID"

The mobile security firm, BlueBox has detected a security bug, dubbed, “Fake ID”, in all Android operating systems (OS) beyond version 2.1. This vulnerability could allow hackers to steal personal information, such as passwords or financial information, from Android users by creating an app that uses fake security credentials to access other apps on a user’s device.

Below are recommendations from Symantec:

Update your Android OS – While the Android security team has issued a patch and provided it to their partners, it may take some time for all partners to implement the patch, which unfortunately increases the chances of malware being developed to take advantage of this vulnerability. If you have an Android device with an OS version 2.1 or beyond, keep an eye out for platform updates from your service provider and implement them immediately.

Install a mobile device anti-virus/malware prevention tool – Several trusted providers offer apps which target this type of activity on a mobile device, such as Symantec’s Norton Mobile Security. Research the app on the vendor’s website to ensure it covers the Android vulnerability and that the vendor is legitimate prior to installing the application.

Use caution when downloading apps from stores other than Google Play – Google Play is taking extensive measures to detect “fakers” and prevent this vulnerability from becoming a serious threat. Make sure that your favorite app stores are reputable and are taking steps to protect users.

Merchant/Retailer Data Breaches

Although some card account data may have been compromised in these incidents, it does not mean data related to your account was taken, or that fraud has occurred on your account. Please be assured that we are actively monitoring the activity on your account to protect you from fraud. You will be contacted if we determine that your card must be replaced or if we see any activity that requires you to take any action. Otherwise, please review your monthly statements carefully and call us immediately if you see any suspicious activity.

You’re protected! Visa’s Zero Liability* policy means you don’t pay for unauthorized use of your credit or debit card. Rest assured knowing your financial security is our top priority.

*Visa’s Zero Liability policy covers U.S.-issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. If any unauthorized use is discovered, cardholder must always notify CAFCU promptly.

Phishing Scam

Basic phishing targets email users with a variety of ploys to try to gain access to sensitive information such as user names, passwords and credit card details. Cyber crooks may send out millions of messages that appear to be from a trustworthy or legitimate company, in hopes that even a tiny percentage of their scam's recipients are customers of the company they claim to represent. Phishing emails contain a link to a website where the user is asked to update personal information. But the site exists only to steal consumers’ data.

What you need to know: Legitimate companies do not send emails asking for personal information. Regardless of a caller’s claims or a website’s official appearance, never give out personal information when you receive an unsolicited phone call or email.

DocuSign Phishing Scam

DocuSign® is a globally-trusted, secure communication channel for signing documents. Recently, criminals acquired email addresses of people that use the service, and these criminals have attempted to commit fraud by sending fake emails that look like they are from DocuSign.

What you need to know:

  1. Requests from DocuSign always come from one of these two addresses:
  2. If you are not expecting a DocuSign email, don’t open it. If you feel it may be valid, access the documents directly by visiting www.docusign.com and enter the unique security code included at the bottom of every legitimate DocuSign email.
  3. DocuSign never asks recipients to open a PDF, Office document or ZIP file in an email. If one is attached, assume the email is not legitimate and delete the email.

Airline Ticket Phishing Scam

Fake emails using the names of U.S. airline companies urge recipients to confirm a ticket purchase by printing the invoice and ticket attached to the email. When unsuspecting recipients open the attachment, malware downloads onto their computer and fraudsters gain access to sensitive information such as account numbers, passwords and access codes.

What you need to know:

  • Grammar and spelling mistakes and unusual formatting in the emails mark them as the work of scammers rather than legitimate airlines.
  • If you didn’t order airline tickets recently, or if the email looks suspicious, don’t open the attachment. Delete the email immediately.
  • Visit the FBI web page for more information.

Fraud Email Survey Phishing Activity

Fraudulent emails request that recipients complete an online survey for the National Credit Union Administration (NCUA) and promise $40 compensation for completed surveys.

What you need to know: Neither NCUA nor CAFCU solicit personal information or send surveys via email.

Vishing (Telephone) Scam

Credit union members receive an automated call claiming to be from the credit union. The recipient’s caller ID may even show a legitimate looking local number. The recorded message requests verification of financial information or claims that the member’s account has been compromised and the member is asked to enter account information using the touchtone phone. The sensitive information is then digitally transcribed onto the scammer’s computer.

What you need to know: CAFCU may need to contact members by telephone for a variety of reasons. Our calls are always made by live credit union representatives and we will always verify your identity by repeating information you have previously shared with us. We will never ask you to volunteer information such as account numbers, credit card numbers or your PIN.

Smishing (Text Message) Scam

Text messaging scammers send a text message from an unrecognizable number stating that your credit union account or credit card account has been closed due to suspicious activity. The text then provides a number to call or URL to follow for more information. When you call or click, you are asked for personal information like Social Security and bank account numbers.

What you need to know:

  • If you receive unwanted text messages, be careful. Contact your cell phone company and find out how to avoid receiving spam texts. They can help prevent text messaging fraud by adding spam filters to your account.
  • Exercise the same caution you would when giving out a mobile phone number as you would with a personal email address or other personal information.
  • Never respond to unsolicited text messages – it lets the sender know they've reached a working number.

The Federal Trade Commission recommends never turning over private information based on a text message request. And CAFCU will never ask you to follow a link or call a number via text message. Contact our Member Center immediately at 1-800-359-1939 if you have entered any personal information on a fraudulent web page.

You can also file a complaint on the Federal Trade Commission’s website, www.ftc.gov, or call 1-877-FTC-HELP.

Fixed-Rate Home Equity Loan*

With a Fixed-Rate Home Equity Loan, you can borrow a fixed amount of money that is repaid over a set period of time.

This type of loan offers several advantages including:

  • Competitive rates for the life of your loan
  • Quick closing
  • No application fees or annual fees
  • Flexible terms to better fit your financial situation
  • Optional automatic Payroll Allocation for easy repayment
View Rates Apply Now
Enjoy a discounted rate when you apply for a Fixed-Rate Home Equity Loan thanks to our Member Loyalty Program. As our relationship grows, so do the money-saving opportunities. Learn more.

 

Home Equity Line of Credit*

Our Home Equity Lines of Credit give you access to cash you need, when you need it. Once credit is approved, you can draw on it for up to 10 years. You borrow as much as you need, when you need it, and make payments only on the amount you've used.

A Home Equity Line of Credit offers:

  • Variable interest rate
  • Flexible terms to better fit your financial situation
  • Easy access to your account 24/7 with Online Account Access
  • Quick closing
  • No application fees or annual fees
  • Free line of credit checks for convenient access to funds
  • Optional Overdraft Protection from your Checking Account
  • Repay the loan with ease directly from your paycheck through optional Payroll Allocation

View Rates Apply Now

Q: What is The Hope Group?

A: The Hope Group is an association that offers educational grants to colleges and/or universities to be placed in their “general scholarship” funds. The primary focus will be small institutions with fewer than 2,500 full-time undergraduate students.

Q: Does membership in The Hope Group allow me to become a member of CAFCU?

A: Yes. One of the benefits of membership in The Hope Group is that you are eligible to join CAFCU.

Q: Can anyone join The Hope Group?

A: Yes.

Q: Can I belong to The Hope Group without belonging to the credit union?

A: Yes.

Q: Are there additional advantages to joining The Hope Group and the credit union?

A: Yes. Through your membership in both organizations, all credit union membership services are available to you.

Q: Who runs The Hope Group?

A: The members. A membership meeting is held annually. At this meeting members elect three Directors to serve on the Board. The Directors are responsible for the operation and management between the Annual meetings

Fixed-Rate Mortgages

With a fixed-rate mortgage, the interest rate remains consistent over the life of your mortgage.

Advantages include:

  • Your principal and interest payments remain constant.
  • It’s easy to budget.
  • If interest rates rise, it won’t affect you.
View Rates Apply Now

Adjustable-Rate Mortgages

With an adjustable-rate mortgage, interest rates remain the same for a set period of time and then are subject to change periodically.

Advantages include:

  • Initial payments may be lower than a fixed-rate mortgage.
  • You may qualify for a higher loan amount.
  • If you plan to move before the interest rate adjusts, you may save money on your mortgage as compared to a fixed-rate loan.
View Rates Apply Now

Fresh Start Mortgages

Worried your less–than-perfect credit may keep you from your dream of homeownership? Our Fresh Start Mortgage is designed to help members with credit trouble get the financing they need for a home purchase or refinance.

This mortgage:

  • Provides alternative, affordable financing options.
  • Is perfect for those with less-than-perfect credit looking to buy or refinance.

Please contact us at 1-800-359-1939, option 2 to inquire about our current Fresh Start Mortgage rates.

Apply Now

Refinance an Existing Mortgage

Refinancing a mortgage from another financial institution can help you reduce your monthly payment with a lower interest rate, pay off your loan sooner or convert to a fixed-rate loan.

Refinancing lets you:

  • Lock in a lower rate to save money
  • Shorten your loan term to build equity faster
  • Increase cash flow by locking in a lower rate or longer loan term
  • Convert your Adjustable-Rate Mortgage to a Fixed-Rate Mortgage
  • Use equity you’ve built in your home for important financial goals like education, vacation or home improvements
View Rates Apply Now

Members Advantage Mortgage

Our Members Advantage Mortgage provides a fixed amount of money you pay back over a set amount of time. This is a first lien fixed rate home equity loan, so it has no closing costs and can be closed in less time than a traditional first mortgage. That means any existing mortgage, home equity loan or home equity line of credit must be paid off prior to or with the proceeds of this loan. This product is not available for a home purchase.

A Members Advantage Mortgage offers:

  • Competitive rates
  • Quicker closing than a first mortgage
  • No application fees, closing costs or annual fees
  • 5-, 10- and 15-year terms available to fit your financial situation
  • Lower interest rates than a second lien fixed rate home equity loan
  • Cannot be used for a home purchase
View Rates Apply Now

Mechanical Repair Coverage (MRC)

For just a few dollars a month, Mechanical Repair Coverage (MRC)1 helps cover your vehicle, your family and your credit rating from unexpected repair costs that could total hundreds or even thousands of dollars. MRC helps ensure that major repairs to your car are covered when the unexpected happens. MRC covers mechanical and electrical repairs on your vehicle from the date of purchase as well as help cover rental and towing reimbursement, 24-hour roadside assistance, and emergency travel expenses.

Here are some quick facts about MRC:

  • MRC fees can be added to your monthly loan payment
  • MRC protection is transferable; may add value if you choose to sell your vehicle
  • Flexible terms and coverage options so you can choose the protection that works for you
  • Purchase protection at any time, even after the manufacturer's warranty expires
  • Additional protection may be available after your current MRC policy expires

To watch a quick video about MRC click here, or contact our Lending Center at 1-800-359-1939, option 3 for more information.

Exclusions and limitations apply. Please see terms and conditions for full details on this optional coverage.

1MEMBER’S CHOICETM Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided and administered by Automotive Warranty Services, Inc., in FL, LA , OK and WI, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023) and in AZ, where the Obligor and Administrator is Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In those states where Mechanical Repair Coverage is offered as insurance (form MCCU-001-MBI) it is underwritten by Virginia Surety Company, Inc.
MRC-1331080.1-1015-1117

Guaranteed Asset Protection (GAP) with Deductible Assistance

Guaranteed Asset Protection (GAP)2 satisfies your loan obligations if your vehicle is stolen or totaled. Consider this — you purchase a vehicle. The car is stolen or totaled after one year when the loan balance is $15,000 and the vehicle's market value is $11,000. Your vehicle insurance deductible is $1,000. Your insurance company pays you $10,000. That leaves a difference of $5,000! $5,000 for a vehicle you no longer have! With GAP, that $5,000 may be waived.

Now you also get Deductible Assistance with your purchase of GAP. Deductible Assistance is designed to cancel part of your debt when a comprehensive or collision claim is paid and a deductible is incurred. This means you’ll have one less expense you may have to worry about if something happens to your vehicle.

Here are some quick facts about GAP with Deductible Assistance:

  • Available on both new and used vehicle loans.
  • Protects the difference between what your vehicle insurance will pay and what you owe on your loan, if your vehicle is declared a total loss due to theft or accident.
  • GAP fees can be added to your loan balance and included in your monthly loan payment.

To watch a quick video about GAP click here, or contact our Lending Center at 1-800-359-1939, option 3 for more information.

2Your purchase of MEMBER’S CHOICETM Guaranteed Asset Protection (GAP), which includes deductible assistance, is optional and will not affect your application for credit or the terms of any credit agreement you have with Us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid.
GAP purchased from state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee.
GAP purchased from state chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee.
GAP-1736930.1-0317-0419

Payment Advantage

Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against death, disability, and involuntary unemployment could help protect your finances.

This protection could cancel your loan balance or payments* up to the contract maximums.

Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and loss of life on a non-protected dependent. Protect your loan balance or loan payments today so your family can worry less about tomorrow.

Purchasing protection is voluntary and won’t affect your loan approval. It’s simple to apply. Ask you loan officer about eligibility, conditions, or exclusions. Refer to the member agreement for a full explanation of terms and conditions.

Check out the protection options below:

Protection Plan Life Plus Disability

Involuntary
Unemployment

Basic
Select
Deluxe
Premier

Life Plus

Disability

Involuntary
Unemployment

Type of Cancellation

Balance Cancellation

Payment Cancellation

Payment Cancellation

Type of Protection

Accident & Sickness

Accident & Sickness

Involuntary Unemployment

Maximum Benefits

$100,000 Limit**

12 months or $12,000

9 months or $4,500

When Benefits Begin

N/A

Waiting period = 30 days
Benefits begin on the first day

Waiting period = 30 days
Benefits begin on the first day

Limitations

6 month pre-existing before advance

6 month pre-existing before advance

3 months after advance

 

For more information on Payment Advantage, contact our Lending Center at 1-800-359-1939, option 3.

Your purchase of Payment Advantage is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Payment Advantage. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.
DP-1331091.1-1015-1117

*Corporate America Family Credit Union Mortgages and the Smart Option Student Loan® by Sallie Mae® are not eligible.
**If you pass away before the end of the month during which you reach your 70th birthday, we will cancel your protected balance up to a maximum of $100,000. If you pass away after the end of the month during which you reach your 70th birthday, we will cancel 25% of your Protected Balance as of the date of death, up to a maximum of $25,000.

Discounted Auto Insurance

 

Collateral Protection Insurance

 

Discounted Roadside Assistance

As a member of Corporate America Family Credit Union, you can save up to 50% on roadside assistance with Member's Roadside Advantage. Learn more.

Death was before the Required Beginning Date (under age 70½):

  • Five Year Option
  • Lump-Sum Distribution

Death was after the Required Beginning Date (age 70½ or older):

  • Lump-Sum Distribution
  • Life Expectancy Payments

Death was before the Required Beginning Date (under age 70½):

  • Five Year Option
  • Lump-Sum Distribution
  • Life Expectancy Payments

Death was after the Required Beginning Date (age 70½ or older):

  • Lump-Sum Distribution
  • Life Expectancy Payments

Death was before the Required Beginning Date (under age 70½):

  • Transfer as your own or rollover into existing plan
  • Five Year Option
  • Lump-Sum Distribution
  • Life Expectancy Payments

​Death was after the Required Beginning Date (age 70½ or older):

  • Transfer as your own or rollover into existing plan
  • Lump-Sum Distribution
  • Life Expectancy Payments

Traditional IRA

Receive an immediate tax break on your investments, because you don’t have to pay taxes until funds are withdrawn. The benefit to you is that you may be in a lower tax bracket by the time you start withdrawing during retirement.

  • Offers potential tax savings up front
  • 6-, 12-, 24- or 36-month terms
  • Minimum investment of $1,000 for 12-, 24- and 36-month terms

Roth IRA

With a Roth IRA, your contributions are made with after-tax dollars. You can relax knowing you can withdraw it completely tax-free in retirement. Roth IRAs may be particularly attractive to younger investors because their contributions will have a longer time to earn money.

  • Offers tax savings later
  • 6-, 12-, 24- or 36-month terms
  • Minimum investment of $1,000 for 12-, 24- and 36-month terms

Q: What is a chip card?

A: CAFCU Visa Credit and Debit Cards now feature chip technology. You’ll enjoy global acceptance plus an enhanced level of security.

Q: How does chip technology protect my information?

A: Whenever you use your card at a chip-activated terminal, the embedded chip generates a one-time use code. This code is virtually impossible to counterfeit and helps reduce in-store fraud.

Q: Where can I use a chip card?

A: You can use your card at millions of places that accept Visa credit and debit cards, at home and around the world.

Q: Can I still swipe my card to pay?

A: Yes. If a merchant is not yet chip-activated, you can continue to swipe your card.

Q: Will I have to pay any fees to use a chip card?

A: No. There are no additional fees to use a chip card.

Q: What are the contest dates?

Q: Remind me… What’s BalanceTrack again?

Q: Can users enter more than once?

Q: Who’s eligible?

Q: What’s the Module of the Month?

Q: How are winners selected?

Q: How can I make an urgent same day payment?

Q: What types of loans can be paid through Speedpay?

Q: What is the cost to make an urgent same day payment?

Q: When is the payment posted to my account?

Q: What payment types can I use?

Q: When will the funds be taken out of my account?

Q: Why won't the automated system accept my ZIP Code?

Q: Why was my card not accepted at the very end of the Speedpay process?

Q: Why was my card expiration date not accepted?

Q: What is the minimum and maximum payment allowed through Speedpay?

Protecting Your Mobile Device*

Internet Explorer Vulnerability

Android Security Bug — "Fake ID"

Merchant/Retailer Data Breaches

Phishing Scam

DocuSign Phishing Scam

Airline Ticket Phishing Scam

Fraud Email Survey Phishing Activity

Vishing (Telephone) Scam

Smishing (Text Message) Scam

Fixed-Rate Home Equity Loan*

Home Equity Line of Credit*

Q: What is The Hope Group?

Q: Does membership in The Hope Group allow me to become a member of CAFCU?

Q: Can anyone join The Hope Group?

Q: Can I belong to The Hope Group without belonging to the credit union?

Q: Are there additional advantages to joining The Hope Group and the credit union?

Q: Who runs The Hope Group?

Fixed-Rate Mortgages

Adjustable-Rate Mortgages

Fresh Start Mortgages

Refinance an Existing Mortgage

Members Advantage Mortgage

Mechanical Repair Coverage (MRC)

Guaranteed Asset Protection (GAP) with Deductible Assistance

Payment Advantage

Discounted Auto Insurance

Collateral Protection Insurance

Discounted Roadside Assistance

Death was before the Required Beginning Date (under age 70½):

Death was after the Required Beginning Date (age 70½ or older):

Death was before the Required Beginning Date (under age 70½):

Death was after the Required Beginning Date (age 70½ or older):

Death was before the Required Beginning Date (under age 70½):

​Death was after the Required Beginning Date (age 70½ or older):

Traditional IRA

Roth IRA

Q: What is a chip card?

Q: How does chip technology protect my information?

Q: Where can I use a chip card?

Q: Can I still swipe my card to pay?

Q: Will I have to pay any fees to use a chip card?

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Q: What are the contest dates?

A: June 1 – August 31, 2018.

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Q: Remind me… What’s BalanceTrack again?

A: BalanceTrack is an educational online resource created by BALANCE to help users boost their financial IQ. Modules include pressing topics such as money management, credit building, saving for college, and much more. At the end of each module, you test your knowledge by taking a quiz.

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Q: Can users enter more than once?

A: Yes! Each completion of a new module with a passing grade earns them an additional entry.

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Q: Who’s eligible?

A: Contestants must be at least 13 years old.

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Q: What’s the Module of the Month?

A: Each month, we’ll highlight a special BalanceTrack module as the “Module of the Month.” Once completed, users will be entered to win the monthly $100 Amazon gift card, and earn three bonus entries towards the $1,000 grand

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Q: How are winners selected?

A: Winners will be chosen at random.

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Q: How can I make an urgent same day payment?

A: A member can make an unassisted payment by calling 1-800-359-1939 and choosing option 5 for Affiliated Services and then option 7 for Western Union Speedpay or they can pay online. These options are available 24/7.

A member can make an assisted payment through a Member Center Specialist by calling 1-800-359-1939 and choosing option 4. This option is available Monday through Friday from 7 a.m. - 7 p.m. CST.

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Q: What types of loans can be paid through Speedpay?

A: All CAFCU loans can be paid through Speedpay except mortgages.

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Q: What is the cost to make an urgent same day payment?

A: A cost of $10 per item will be added to your authorized payment.

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Q: When is the payment posted to my account?

A: If the payment is made by 3:30 p.m. CST, on a business day, it will be posted the same day. If made after 3:30 p.m. CST, or on a non-business day, it will be posted the next business day.

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Q: What payment types can I use?

A: Debit Card, Electronic Check (ACH), ATM Card

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Q: When will the funds be taken out of my account?

A: For a Checking or Savings account ACH payment, the funds will be taken out the next business day.

For a Debit or ATM card payment, the funds will be taken out the same day.

An Electronic Check (ACH) can be scheduled up to 7 days in advance for your payment.

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Q: Why won't the automated system accept my ZIP Code?

A: The system is requesting the ZIP Code associated with your card. If the ZIP Code is still not accepted, you should get in touch with your financial institution.

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Q: Why was my card not accepted at the very end of the Speedpay process?

A: Verify that the card you are using has a Visa or MasterCard logo on the card. If it does and the payment is still being declined, you should contact your financial institution.

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Q: Why was my card expiration date not accepted?

A: Verify that the card you are using has a Visa or MasterCard logo on the card. If it does, you should contact your financial institution.

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Q: What is the minimum and maximum payment allowed through Speedpay?

A: Minimum is $1 and the Maximum is $500.

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Protecting Your Mobile Device*

  • When purchasing a smartphone, know the features of the device, including the default settings. Turn off features you don’t need to minimize the risk of attack.
  • Some phones have encryption available. This can be used to protect your personal data in the case of loss or theft. Ask your cellphone dealer if this is available on your model.
  • With the growth of the application market for mobile devices, be sure to look at the reviews of the developer/company who published the application.
  • Review and understand the permissions you are giving when you download applications.
  • Use a passcode to protect your mobile device. This is the first layer of security to protect the contents of the device. Also enable the screen lock feature after a few minutes of inactivity.
  • Obtain malware protection for your mobile device. Look for applications that specialize in antivirus or file integrity that help protect your device from rogue applications and malware.
  • Be aware of applications that use geo-location, which will track the user’s location anywhere. This application can be used for marketing, but can also to assist a possible stalker and/or burglar.
  • Jailbreak or rooting is used to remove certain restrictions imposed by the device manufacturer or cellphone carrier. This allows the user nearly unregulated control over what programs can be installed and how the device can be used. However, this procedure often compromises the cellphone’s security, making it more vulnerable to attack.
  • Do not allow your device to connect to unknown wireless networks. These networks could capture information passed between your device and a legitimate server.
  • If you decide to sell your device or trade it in, make sure you wipe the device (reset it to factory default) to avoid leaving personal data on the device.
  • Smartphones require updates to run applications. Update your phone regularly to reduce the risk of the device being hacked or compromised.
  • Avoid clicking on or otherwise downloading software or links from unknown sources.
  • Use the same precautions on your cellphone as you would on your computer when using the Internet.

*Source: Federal Bureau of Investigations, IC3 (Internet Crime Complaint Center), October 2012.

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Internet Explorer Vulnerability

On April 26, 2014, Microsoft announced a serious vulnerability for users of Internet Explorer (IE) affecting versions IE 6 through IE 11. This vulnerability allows an attacker to insert and execute code on a computer.

What you need to know: Microsoft released a patch on May 1, 2014 to address the vulnerability. Users of IE 6 through IE11 should review the Microsoft Security Bulletin MS14-021 and ensure the patch has been installed prior to using the Internet Explorer browser. Until the patch has been installed, members are encouraged to utilize another internet browser, such as FireFox or Chrome.

While Microsoft released an update for Microsoft Windows XP users due to the severity of this vulnerability, further security updates are not expected for Microsoft Windows XP as the product has been discontinued.

An additional layer of security can be put in place to protect against financial malware threats by installing the IBM® Trusteer Rapport product offered to CAFCU members at no-cost. Click here for details.

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Android Security Bug — "Fake ID"

The mobile security firm, BlueBox has detected a security bug, dubbed, “Fake ID”, in all Android operating systems (OS) beyond version 2.1. This vulnerability could allow hackers to steal personal information, such as passwords or financial information, from Android users by creating an app that uses fake security credentials to access other apps on a user’s device.

Below are recommendations from Symantec:

Update your Android OS – While the Android security team has issued a patch and provided it to their partners, it may take some time for all partners to implement the patch, which unfortunately increases the chances of malware being developed to take advantage of this vulnerability. If you have an Android device with an OS version 2.1 or beyond, keep an eye out for platform updates from your service provider and implement them immediately.

Install a mobile device anti-virus/malware prevention tool – Several trusted providers offer apps which target this type of activity on a mobile device, such as Symantec’s Norton Mobile Security. Research the app on the vendor’s website to ensure it covers the Android vulnerability and that the vendor is legitimate prior to installing the application.

Use caution when downloading apps from stores other than Google Play – Google Play is taking extensive measures to detect “fakers” and prevent this vulnerability from becoming a serious threat. Make sure that your favorite app stores are reputable and are taking steps to protect users.

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Merchant/Retailer Data Breaches

Although some card account data may have been compromised in these incidents, it does not mean data related to your account was taken, or that fraud has occurred on your account. Please be assured that we are actively monitoring the activity on your account to protect you from fraud. You will be contacted if we determine that your card must be replaced or if we see any activity that requires you to take any action. Otherwise, please review your monthly statements carefully and call us immediately if you see any suspicious activity.

You’re protected! Visa’s Zero Liability* policy means you don’t pay for unauthorized use of your credit or debit card. Rest assured knowing your financial security is our top priority.

*Visa’s Zero Liability policy covers U.S.-issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. If any unauthorized use is discovered, cardholder must always notify CAFCU promptly.

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Phishing Scam

Basic phishing targets email users with a variety of ploys to try to gain access to sensitive information such as user names, passwords and credit card details. Cyber crooks may send out millions of messages that appear to be from a trustworthy or legitimate company, in hopes that even a tiny percentage of their scam's recipients are customers of the company they claim to represent. Phishing emails contain a link to a website where the user is asked to update personal information. But the site exists only to steal consumers’ data.

What you need to know: Legitimate companies do not send emails asking for personal information. Regardless of a caller’s claims or a website’s official appearance, never give out personal information when you receive an unsolicited phone call or email.

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DocuSign Phishing Scam

DocuSign® is a globally-trusted, secure communication channel for signing documents. Recently, criminals acquired email addresses of people that use the service, and these criminals have attempted to commit fraud by sending fake emails that look like they are from DocuSign.

What you need to know:

  1. Requests from DocuSign always come from one of these two addresses:
  2. If you are not expecting a DocuSign email, don’t open it. If you feel it may be valid, access the documents directly by visiting www.docusign.com and enter the unique security code included at the bottom of every legitimate DocuSign email.
  3. DocuSign never asks recipients to open a PDF, Office document or ZIP file in an email. If one is attached, assume the email is not legitimate and delete the email.

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Airline Ticket Phishing Scam

Fake emails using the names of U.S. airline companies urge recipients to confirm a ticket purchase by printing the invoice and ticket attached to the email. When unsuspecting recipients open the attachment, malware downloads onto their computer and fraudsters gain access to sensitive information such as account numbers, passwords and access codes.

What you need to know:

  • Grammar and spelling mistakes and unusual formatting in the emails mark them as the work of scammers rather than legitimate airlines.
  • If you didn’t order airline tickets recently, or if the email looks suspicious, don’t open the attachment. Delete the email immediately.
  • Visit the FBI web page for more information.

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Fraud Email Survey Phishing Activity

Fraudulent emails request that recipients complete an online survey for the National Credit Union Administration (NCUA) and promise $40 compensation for completed surveys.

What you need to know: Neither NCUA nor CAFCU solicit personal information or send surveys via email.

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Vishing (Telephone) Scam

Credit union members receive an automated call claiming to be from the credit union. The recipient’s caller ID may even show a legitimate looking local number. The recorded message requests verification of financial information or claims that the member’s account has been compromised and the member is asked to enter account information using the touchtone phone. The sensitive information is then digitally transcribed onto the scammer’s computer.

What you need to know: CAFCU may need to contact members by telephone for a variety of reasons. Our calls are always made by live credit union representatives and we will always verify your identity by repeating information you have previously shared with us. We will never ask you to volunteer information such as account numbers, credit card numbers or your PIN.

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Smishing (Text Message) Scam

Text messaging scammers send a text message from an unrecognizable number stating that your credit union account or credit card account has been closed due to suspicious activity. The text then provides a number to call or URL to follow for more information. When you call or click, you are asked for personal information like Social Security and bank account numbers.

What you need to know:

  • If you receive unwanted text messages, be careful. Contact your cell phone company and find out how to avoid receiving spam texts. They can help prevent text messaging fraud by adding spam filters to your account.
  • Exercise the same caution you would when giving out a mobile phone number as you would with a personal email address or other personal information.
  • Never respond to unsolicited text messages – it lets the sender know they've reached a working number.

The Federal Trade Commission recommends never turning over private information based on a text message request. And CAFCU will never ask you to follow a link or call a number via text message. Contact our Member Center immediately at 1-800-359-1939 if you have entered any personal information on a fraudulent web page.

You can also file a complaint on the Federal Trade Commission’s website, www.ftc.gov, or call 1-877-FTC-HELP.

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Fixed-Rate Home Equity Loan*

With a Fixed-Rate Home Equity Loan, you can borrow a fixed amount of money that is repaid over a set period of time.

This type of loan offers several advantages including:

  • Competitive rates for the life of your loan
  • Quick closing
  • No application fees or annual fees
  • Flexible terms to better fit your financial situation
  • Optional automatic Payroll Allocation for easy repayment
View Rates Apply Now
Enjoy a discounted rate when you apply for a Fixed-Rate Home Equity Loan thanks to our Member Loyalty Program. As our relationship grows, so do the money-saving opportunities. Learn more.

 

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Home Equity Line of Credit*

Our Home Equity Lines of Credit give you access to cash you need, when you need it. Once credit is approved, you can draw on it for up to 10 years. You borrow as much as you need, when you need it, and make payments only on the amount you've used.

A Home Equity Line of Credit offers:

  • Variable interest rate
  • Flexible terms to better fit your financial situation
  • Easy access to your account 24/7 with Online Account Access
  • Quick closing
  • No application fees or annual fees
  • Free line of credit checks for convenient access to funds
  • Optional Overdraft Protection from your Checking Account
  • Repay the loan with ease directly from your paycheck through optional Payroll Allocation

View Rates Apply Now

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Q: What is The Hope Group?

A: The Hope Group is an association that offers educational grants to colleges and/or universities to be placed in their “general scholarship” funds. The primary focus will be small institutions with fewer than 2,500 full-time undergraduate students.

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Q: Does membership in The Hope Group allow me to become a member of CAFCU?

A: Yes. One of the benefits of membership in The Hope Group is that you are eligible to join CAFCU.

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Q: Can anyone join The Hope Group?

A: Yes.

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Q: Can I belong to The Hope Group without belonging to the credit union?

A: Yes.

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Q: Are there additional advantages to joining The Hope Group and the credit union?

A: Yes. Through your membership in both organizations, all credit union membership services are available to you.

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Q: Who runs The Hope Group?

A: The members. A membership meeting is held annually. At this meeting members elect three Directors to serve on the Board. The Directors are responsible for the operation and management between the Annual meetings

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Fixed-Rate Mortgages

With a fixed-rate mortgage, the interest rate remains consistent over the life of your mortgage.

Advantages include:

  • Your principal and interest payments remain constant.
  • It’s easy to budget.
  • If interest rates rise, it won’t affect you.
View Rates Apply Now

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Adjustable-Rate Mortgages

With an adjustable-rate mortgage, interest rates remain the same for a set period of time and then are subject to change periodically.

Advantages include:

  • Initial payments may be lower than a fixed-rate mortgage.
  • You may qualify for a higher loan amount.
  • If you plan to move before the interest rate adjusts, you may save money on your mortgage as compared to a fixed-rate loan.
View Rates Apply Now

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Fresh Start Mortgages

Worried your less–than-perfect credit may keep you from your dream of homeownership? Our Fresh Start Mortgage is designed to help members with credit trouble get the financing they need for a home purchase or refinance.

This mortgage:

  • Provides alternative, affordable financing options.
  • Is perfect for those with less-than-perfect credit looking to buy or refinance.

Please contact us at 1-800-359-1939, option 2 to inquire about our current Fresh Start Mortgage rates.

Apply Now

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Refinance an Existing Mortgage

Refinancing a mortgage from another financial institution can help you reduce your monthly payment with a lower interest rate, pay off your loan sooner or convert to a fixed-rate loan.

Refinancing lets you:

  • Lock in a lower rate to save money
  • Shorten your loan term to build equity faster
  • Increase cash flow by locking in a lower rate or longer loan term
  • Convert your Adjustable-Rate Mortgage to a Fixed-Rate Mortgage
  • Use equity you’ve built in your home for important financial goals like education, vacation or home improvements
View Rates Apply Now

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Members Advantage Mortgage

Our Members Advantage Mortgage provides a fixed amount of money you pay back over a set amount of time. This is a first lien fixed rate home equity loan, so it has no closing costs and can be closed in less time than a traditional first mortgage. That means any existing mortgage, home equity loan or home equity line of credit must be paid off prior to or with the proceeds of this loan. This product is not available for a home purchase.

A Members Advantage Mortgage offers:

  • Competitive rates
  • Quicker closing than a first mortgage
  • No application fees, closing costs or annual fees
  • 5-, 10- and 15-year terms available to fit your financial situation
  • Lower interest rates than a second lien fixed rate home equity loan
  • Cannot be used for a home purchase
View Rates Apply Now

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Mechanical Repair Coverage (MRC)

For just a few dollars a month, Mechanical Repair Coverage (MRC)1 helps cover your vehicle, your family and your credit rating from unexpected repair costs that could total hundreds or even thousands of dollars. MRC helps ensure that major repairs to your car are covered when the unexpected happens. MRC covers mechanical and electrical repairs on your vehicle from the date of purchase as well as help cover rental and towing reimbursement, 24-hour roadside assistance, and emergency travel expenses.

Here are some quick facts about MRC:

  • MRC fees can be added to your monthly loan payment
  • MRC protection is transferable; may add value if you choose to sell your vehicle
  • Flexible terms and coverage options so you can choose the protection that works for you
  • Purchase protection at any time, even after the manufacturer's warranty expires
  • Additional protection may be available after your current MRC policy expires

To watch a quick video about MRC click here, or contact our Lending Center at 1-800-359-1939, option 3 for more information.

Exclusions and limitations apply. Please see terms and conditions for full details on this optional coverage.

1MEMBER’S CHOICETM Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided and administered by Automotive Warranty Services, Inc., in FL, LA , OK and WI, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023) and in AZ, where the Obligor and Administrator is Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In those states where Mechanical Repair Coverage is offered as insurance (form MCCU-001-MBI) it is underwritten by Virginia Surety Company, Inc.
MRC-1331080.1-1015-1117

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Guaranteed Asset Protection (GAP) with Deductible Assistance

Guaranteed Asset Protection (GAP)2 satisfies your loan obligations if your vehicle is stolen or totaled. Consider this — you purchase a vehicle. The car is stolen or totaled after one year when the loan balance is $15,000 and the vehicle's market value is $11,000. Your vehicle insurance deductible is $1,000. Your insurance company pays you $10,000. That leaves a difference of $5,000! $5,000 for a vehicle you no longer have! With GAP, that $5,000 may be waived.

Now you also get Deductible Assistance with your purchase of GAP. Deductible Assistance is designed to cancel part of your debt when a comprehensive or collision claim is paid and a deductible is incurred. This means you’ll have one less expense you may have to worry about if something happens to your vehicle.

Here are some quick facts about GAP with Deductible Assistance:

  • Available on both new and used vehicle loans.
  • Protects the difference between what your vehicle insurance will pay and what you owe on your loan, if your vehicle is declared a total loss due to theft or accident.
  • GAP fees can be added to your loan balance and included in your monthly loan payment.

To watch a quick video about GAP click here, or contact our Lending Center at 1-800-359-1939, option 3 for more information.

2Your purchase of MEMBER’S CHOICETM Guaranteed Asset Protection (GAP), which includes deductible assistance, is optional and will not affect your application for credit or the terms of any credit agreement you have with Us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid.
GAP purchased from state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee.
GAP purchased from state chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee.
GAP-1736930.1-0317-0419

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Payment Advantage

Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against death, disability, and involuntary unemployment could help protect your finances.

This protection could cancel your loan balance or payments* up to the contract maximums.

Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and loss of life on a non-protected dependent. Protect your loan balance or loan payments today so your family can worry less about tomorrow.

Purchasing protection is voluntary and won’t affect your loan approval. It’s simple to apply. Ask you loan officer about eligibility, conditions, or exclusions. Refer to the member agreement for a full explanation of terms and conditions.

Check out the protection options below:

Protection Plan Life Plus Disability

Involuntary
Unemployment

Basic
Select
Deluxe
Premier

Life Plus

Disability

Involuntary
Unemployment

Type of Cancellation

Balance Cancellation

Payment Cancellation

Payment Cancellation

Type of Protection

Accident & Sickness

Accident & Sickness

Involuntary Unemployment

Maximum Benefits

$100,000 Limit**

12 months or $12,000

9 months or $4,500

When Benefits Begin

N/A

Waiting period = 30 days
Benefits begin on the first day

Waiting period = 30 days
Benefits begin on the first day

Limitations

6 month pre-existing before advance

6 month pre-existing before advance

3 months after advance

 

For more information on Payment Advantage, contact our Lending Center at 1-800-359-1939, option 3.

Your purchase of Payment Advantage is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Payment Advantage. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.
DP-1331091.1-1015-1117

*Corporate America Family Credit Union Mortgages and the Smart Option Student Loan® by Sallie Mae® are not eligible.
**If you pass away before the end of the month during which you reach your 70th birthday, we will cancel your protected balance up to a maximum of $100,000. If you pass away after the end of the month during which you reach your 70th birthday, we will cancel 25% of your Protected Balance as of the date of death, up to a maximum of $25,000.

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Discounted Auto Insurance

 

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Collateral Protection Insurance

 

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Discounted Roadside Assistance

As a member of Corporate America Family Credit Union, you can save up to 50% on roadside assistance with Member's Roadside Advantage. Learn more.

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Death was before the Required Beginning Date (under age 70½):

  • Five Year Option
  • Lump-Sum Distribution

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Death was after the Required Beginning Date (age 70½ or older):

  • Lump-Sum Distribution
  • Life Expectancy Payments

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Death was before the Required Beginning Date (under age 70½):

  • Five Year Option
  • Lump-Sum Distribution
  • Life Expectancy Payments

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Death was after the Required Beginning Date (age 70½ or older):

  • Lump-Sum Distribution
  • Life Expectancy Payments

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Death was before the Required Beginning Date (under age 70½):

  • Transfer as your own or rollover into existing plan
  • Five Year Option
  • Lump-Sum Distribution
  • Life Expectancy Payments

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​Death was after the Required Beginning Date (age 70½ or older):

  • Transfer as your own or rollover into existing plan
  • Lump-Sum Distribution
  • Life Expectancy Payments

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Traditional IRA

Receive an immediate tax break on your investments, because you don’t have to pay taxes until funds are withdrawn. The benefit to you is that you may be in a lower tax bracket by the time you start withdrawing during retirement.

  • Offers potential tax savings up front
  • 6-, 12-, 24- or 36-month terms
  • Minimum investment of $1,000 for 12-, 24- and 36-month terms

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Roth IRA

With a Roth IRA, your contributions are made with after-tax dollars. You can relax knowing you can withdraw it completely tax-free in retirement. Roth IRAs may be particularly attractive to younger investors because their contributions will have a longer time to earn money.

  • Offers tax savings later
  • 6-, 12-, 24- or 36-month terms
  • Minimum investment of $1,000 for 12-, 24- and 36-month terms

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Q: What is a chip card?

A: CAFCU Visa Credit and Debit Cards now feature chip technology. You’ll enjoy global acceptance plus an enhanced level of security.

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Q: How does chip technology protect my information?

A: Whenever you use your card at a chip-activated terminal, the embedded chip generates a one-time use code. This code is virtually impossible to counterfeit and helps reduce in-store fraud.

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Q: Where can I use a chip card?

A: You can use your card at millions of places that accept Visa credit and debit cards, at home and around the world.

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Q: Can I still swipe my card to pay?

A: Yes. If a merchant is not yet chip-activated, you can continue to swipe your card.

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Q: Will I have to pay any fees to use a chip card?

A: No. There are no additional fees to use a chip card.

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