| 888.858.6878 | Email Us

Welcome!

As a nonprofit, full-service financial institution, part of our mission is to provide financial education so you can feel confident that you're making informed financial decisions.

 

Browse our articles by category, author or date. If you don’t see what you want, simply comment here or email us and we’ll feature your question in an upcoming post.

 

We welcome and encourage your participation and comments. To keep the blog focused and professional, we’ve developed community guidelines.

Browse by Category

Browse by Author

Recent Post

 

Archives

 

 
 

Feb 12

2013

.

 

Currently, retailers pay credit card companies a percentage of their transactions to accept and process credit card payments. A recent court settlement between the credit card industry and retailers now allows retailers the option to pass payment processing costs to consumers who pay with a credit card. This ruling went into effect January 27, 2013.

 

Not all states are affected. Due to state laws, merchants are not allowed to impose a credit card surcharge in California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma or Texas.

 

 

 

Here are more surcharge details:

 

The fee may be imposed on credit card transactions only.  Debit transactions are not involved in the agreement.

The fee cannot be more than the merchant actually pays to accept credit cards.  That amount ranges between 1.5% and 4% of the transaction amount.

The fee must be clearly disclosed at the store entrance and where the payment is being accepted.  When using an online retailer, the surcharge must be posted on the website’s homepage.

The notice must include: the amount of the fee; that the fee is being charged by the merchant; and, that the fee does not exceed the merchant’s cost to accept credit cards.

The fee amount must appear on your receipt and may be referred to as either a surcharge or checkout fee.

 

 

For more information, please call a member service representative at (888) 858-6878.

 

by Jenna, Vice President, Operations

Feb 5

2013

.

It’s the time of year for pink balloons, red roses, French restaurants and chocolates.  Sounds expensive, right?  Think again.  Here are a few tips to keep Valentine’s Day in your price range.

 

Set a budget.
It’s a good start to put a price on it.  Limit your spending to $20 – or even less.  Get creative!  Frame a picture, hand make a card or bake a cake.

 

Eat in.
How about Costco surf and turf?  Dim the lights, light a candle and put the kids to bed.  Plus, you won’t need to pay an expensive babysitter.  You can have a nice dinner at home without denting the pocketbook.

 

Smell the roses.
How about flowers from your garden or a friend’s?  The sentiment is there and the smell is still in the air.

 

Treats.
Make a homemade dessert.  Even a boxed cake can be romantic with a heart-shaped stencil on top.  Your sweetheart will appreciate the thought and you’ll appreciate the $3 price tag.

 

Be thoughtful.
Only you know your Valentine, that’s why thoughtful gifts always reign supreme.  She may prefer her favorite childhood candy or a trip to the ice cream parlor to a giant box of fancy chocolates.  He may prefer a bag of Cheetos and a six-pack of premium beer.  Let each other know that you remember!  Add a bow and a note and you’ll score major points.

 

The Valentine’s Day Fund.
Start a savings account with some seed money and schedule regular contributions to celebrate your love in another way.  You may save enough for a weekend getaway or a dinner at your favorite spot.

 

Remember that the holiday isn’t about spending money – it’s about being with the people you love.  You can still be the romantic at heart and the mastermind of your budget.

 

Happy Valentine’s Day!

 

by Kristin, Vice President, Marketing

Dec 11

2012

 

It’s the time of year for reflection on the past year and resolutions for the upcoming year. It’s also the time for top 10 lists!

 

These are the Top 10 Pacific Service CU blogs of 2012, in order of number of views.

 

Buying a Car – What You Should Pay

 

We’re Moving

 

4 Steps to Living Debt Free

 

What is a Share Secured Loan?

 

4 Ways We Can Help With Your Car

 

5 Homeownership Missteps to Avoid

 

Making the Minimum Credit Card Payment

 

What is Skip Pay?

 

Buying a Car – The Trade-In

 

Top 10 Ways to Save Money

 

Thank you for your readership. Our goal is to continue to provide educational and informative articles to our membership. If you have a topic you’d like us to address, submit it in the comment section below or email us.

 

We’ve had a good year at Pacific Service CU and we wish you the very best for a prosperous 2013. Happy New Year!

 

by Kristin, Vice President, Marketing

Jun 26

2012

.

Skip-a-Loan Payment is a service offered by some financial institutions that allows customers to defer a loan payment to help manage their household budgets.  Some institutions offer the option seasonally, for example around the holidays, and some let you take advantage of the service anytime during the year.  Most limit the service to once or twice a year.

 

Pacific Service CU offers the skip-a-loan-payment option because we think members appreciate the flexibility it offers.  We understand sometimes you need to stretch your budget for unforeseen expenses like a broken water pipe, new tires or property taxes.  As a courtesy to members with loans in good standing, this option let’s you skip a loan or Visa payment up to twice a year.  It’s only $25 and it doesn’t affect your credit rating.

 

We don’t recommend that you routinely take advantage of the skip pay option because it’s not a free ride.  Skipping a payment extends the term of your loan by a month and interest does continue to accrue until your next payment is made.  It can, however, help with budgeting when you need it most.

 

You can arrange skip a payment online by logging into BranchLine, clicking on Skip-a-Loan Payment and selecting any eligible loan.  For more information, call our Loan by Phone center at (888) 858-6878.

 

by Hemlata, AVP, Lending

May 2

2012

A share-secured loan lets you borrow money using your savings account balance as collateral. The financial institution ‘freezes’ the amount you’d like to borrow from yourself. While that amount won’t be available for withdrawal, it will remain in your account and continue to earn dividends. Plus, since the funds are already on deposit, the institution doesn’t need to check your credit qualifications before making the loan.

 

You may ask why would a consumer need to borrow money if they already have the cash? A share-secured loan may be a good option for two types of consumers.

 

Building Credit
Good credit is an important part of a healthy financial future. Members who have negative or no credit history can use the share-secured option to strengthen or establish their credit history. By depositing a small amount in a savings account, for example $500, members can open a share-secured Visa Platinum card with that credit limit. We then report your repayment habits to the major credit reporting agencies. By making payments in full and on time, positive credit history will be reported over time. With good credit, a share-secured Visa can be converted to a regular Visa credit card.

 

Savvy Savers
The second type of consumer who may utilize a share-secured loan is someone who has worked hard to save money and doesn’t want to dip into their nest egg.

 

Share-secured rates typically are only 2-3% higher than the savings annual percentage yield (APY), so a share-secured loan can be a very inexpensive borrowing option, especially in a low-rate environment like we are in now. Today, members can finance a share-secured loan for as low as 2.05% APR, which means very low, affordable payments.

 

Share-secured borrowers aren’t limited to how they can spend the money. Spend it to remodel a bathroom, payoff other higher-rate debt, college tuition or anything you wish. As you reduce the loan balance by making payments, the unencumbered savings account balance becomes available again for withdrawal.

 

Share-secured loan options are often overlooked, but can be a valuable way to access cash, payoff higher-rate debt and build credit. Check out the links below or call a member service representative at (888) 858-6878, ext. 6332.

 

by Hemlata, AVP, Lending

 

Complete rate details here.

 
   
 
Federally insured by NCUA
Equal Housing Lender
  Subscribe Follow Us On f t Font Size

SECURITY NOTIFICATION
For website security purposes and to ensure that access to the Pacific Service Credit Union (PSCU) website remains available to all users, PSCU may enable the use of software programs to monitor and record network traffic to identify unauthorized attempts to upload or change information or otherwise cause damage. Unauthorized attempts to upload information or change information on this website and any other illegal activities are strictly prohibited, may be reported to law enforcement agencies and may be punishable under the Computer Fraud and Abuse Act of 1986 and Title 18 U.S.C. Sec.1001 and 1030.
Protecting your privacy is our top priority - View Our Privacy Policy

Switch to our mobile site