In these unsettling times, many people wonder how the financial crisis will
affect them. Honda Federal Credit Union wants you to know that it has no exposure to
investments in Subprime mortgages or other types of risky financial derivatives. Our ‘investments’ have been in loans to
you, our members.
Unlike other financial institutions, our focus remains on Honda Associates and
members of their families. And, in Honda fashion, we manage our business in a conservative manner.
As of calendar year-end 2007, the loss ratio on our loan portfolio was a very low
0.25% of assets and the ratio of delinquent loans to total loans was only 0.34%. The
industry average for credit unions was 0.46% and 0.88% respectively. For complete
Honda FCU financial information, click HERE.
Please be assured that, for the past 40 years, Honda Federal Credit Union has and continues to be a solid and reliable financial institution for Associates and family members. If you have any concerns or
questions, please contact Jim Updike, President and CEO, at jupdike@hondafcu.org
Holiday Savings Club Account is Now Available! Open up your Holiday Savings Club Account for your 2010 wish list. By saving a set amount each pay period, you'll be able to afford everything on your wish list without paying any interest! And you'll earn 1%* above our current regular savings rate on the money you save!
To learn more or to open up your Holiday Savings Club account you can log in to Internet Banking and select eShares and open up your account online, visit your local Honda FCU branch or call one of our friendly Member Service Representatives at 1-800-63-Honda (1-800-634-6632)!
*Initial deposit of $5.00 is required to open a Holiday Savings Club Account. Save all year long. Money will be transferred to regular savings account on November 1 of each year the Holiday Savings Club Account is open. Any withdrawal from the Holiday Savings Club account prior to November 1 will result in the balance being transferred to your Regular Savings Account, and a penalty of all dividends paid from November of the previous year will be assessed. If the Holiday Savings Club account is closed or if a withdrawal is made during the month of December, a penalty of dividends paid from November of the same year will be assessed. A dividend rate of 1% above the HFCU regular savings rate and APY is paid on that portion of your average daily balance that is $2,500 or less. The regular savings rate is paid on that portion of your average daily balance that is greater than $2,500.
Refinance your auto loan. Keep more money in your pocket every month. Refinance your auto loan with us and get ¼%* off your current rate!
Switching your auto loan to Honda FCU is easy—and it’s free.
- Get a 1/4% off your current rate*
- No processing fee
- No pre-payment penalty
- Convenient automatic payments & payroll deduction options
- Fast and simple application process
We can also help you with financing on any new or used auto, motorcycle, ATV, boat or RV at a great low rate and convenient terms.
Visit us online at www.hondafcu.org and select eLoans within your internet banking to apply. Our eLoan process is easy, but if you prefer to speak with one of our Member Service Representative call us at 1.800.634.6632 or stop by a local branch.
This offer ends October 29, 2010.
The sooner you refinance, the sooner you can start lowering your monthly payment.If you are an Alabama, Indiana or Ohio resident, visit one of our DealerNet dealer locations for convenient one-stop shopping. For a list of participating dealers, call 1.800.63.Honda (1.800.634.6632). Or log on to www.hondafcu.org and click on the DealerNet icon.
* Current Honda FCU loans are not eligible for refinance offer. Honda FCU will match a refinanced loan rate from another institution minus .25%, or refinance at our regular vehicle loan rates, whichever is lower. A minimum loan refinance rate, including .25% discount, is established for each vehicle loan type. The floor rate for auto loans is 3.99%. The rate ranges for auto loans are from 3.99% to 15.04%. Confirmation of matching rate is required. For rates on motorcycles, ATVs, PWCs, boats or RVs, please contact a Member Service Representative at 1.800.63.Honda (1.800.634.6632) or visit us on the Web at www.hondafcu.org. All loans are based upon credit qualification. Not all members will be eligible.
SWEET. A completed home improvement looks good- and feels great. Kitchen remodel, room addition, roof repair? Whatever you want to fix up, Honda FCU is here to help!
Check out our Equity products:
Equity One Fixed-Rate Loan
A good option for a specific project
Fixed rate as low as 5.25% APR*
- Up to 100% loan-to-value available
- No closing costs†
- 5-, 15- and 20-year terms available
- Flexible payment options
Equity Reserve Line of Credit
For unforeseen or ongoing improvements
Adjustable rate as low as 5.00% APR**
- Up to 100% loan-to-value available
- No closing costs†
- Flexible credit limits up to $417,000
- Convenient Equity Reserve Visa® Card access
Hurry, this offer ends September 30, 2010. Apply today—and get the money you need to get your
project done. The interest may even be tax-deductible.††
Call us at 1.800.63.Honda (1.800.634.6632) or visit us online at www.hondafcu.org!
*All loans subject to credit approval. Each of the Equity One Fixed-Rate Loan LTVs have different rate structures from 5.25% APR to 11.625% APR depending on terms, credit history and available home equity. Rates are subject to change. Terms can vary depending on the amount borrowed. Minimum loan amount: $5,000. Available for properties located in AL, CA, IN, GA, OH, NC and SC, primary residences only.**All loans subject to credit approval. The Equity Reserve Line of Credit is an adjustable-rate line of credit. Rate changes can occur on a quarterly basis as a result of movement in the Prime Rate, which is the rate index used for this adjustable-rate loan. The Equity Reserve Line of Credit offers three (3) loan-to-value levels: 80%, 90% and 100%. Each level has different interest rate margins (expressed as a function of prime) and interest rate floors. The current rates, ranging from 5.00% APR to 7.25% APR, will be in effect until September 30, 2010. Minimum loan amount is $5,000. Available for properties located in AL, CA, OH and SC, primary residences only.
†Closing cost fees deferred with funding of the loan. If the home equity loan or lines are closed within 24 months of initial funding, $300 of closing cost fees must be reimbursed to Honda FCU.
††Ask your tax advisor about the limits and conditions associated with tax advantages of these types of loans.
NEW Mobile ATM and Branch Locator Service from Honda FCU!
Now from your cell phone, you can locate the nearest surcharge-free ATM and a Shared Branch by visiting us at www.myhondafcu.mobi on your phone anytime of the day, 24/7!
To find a surcharge free ATM:
- Visit www.myhondafcu.mobi
- Click on ATM locations
- Select Search Co-Op and Alliance One ATMs
- Enter a zip code, or address, city or state and hit GO
A list of surcharge-free ATMs closest to the information you specify will be displayed.
To find the closest Shared Branch, the member will need to:
- Visit www.myhondafcu.mobi
- Click on Branch Locations
- Scroll to the very bottom of the page and click on Search for Shared Branches
- Enter a zip code, or address, city or state and hit GO
A list of shared branches closest to the information you specify will be displayed.
You must have internet service through their mobile phone in order to use this ATM and branch locator service. Stop paying fees to access your money and look for your nearest surcharge ATM or shared branch, today!
HFCU VISA Gift Card, It's the perfect gift!
For the holidays, birthdays, graduations, business gifts, or other gift giving occasions, purchase and give a Visa Gift Card to show your appreciation. Accepted at any location where Visa Debit cards are accepted worldwide, the Honda FCU Visa Gift Card makes a perfect gift. Our unique design makes it special. It illustrates Honda’s innovation and technology. So, visit a branch today to purchase your special gift!
Each card can be loaded with $5.00 to $750.00, and costs $3.95. Use your Honda FCU deposit account or debit/credit card to pay for the purchase. As long as a card is registered, it is replaceable if lost or stolen. Also, once the card is registered, it can be used for phone and internet purchases. To register your card, go to www.hondafcugiftcard.org.
If you have more questions, visit our FAQ sheet here.
