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
LUV2DRV. Spring is here. Let’s roll. It’s a fantastic time to go for the wheels you’ve been wanting. When you’re ready to spring for a new set of wheels, we’re ready to help. For a limited time you can get a rate as low as 3.24% APR* on your next vehicle loan. Honda FCU would like you to enjoy the benefits of membership by offering you:
Switching your auto loan to Honda FCU is easy—and it’s free.
- Vehicle loan rate as low as 3.24% APR*
- No processing fee
- No pre-payment penalty
- Convenient automatic payments & payroll deduction options
- Fast and simple application process
Call us today or apply through Internet Banking
Hurry, this offer will end on May 31, 2011!**
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. .
* 3.24% APR is based on new or used auto loans financed for 66 months or less. The rates for auto loans range from 3.24%-15.04%. We offer an additional 1/4% rate reduction off associate auto purchases and 1/4% off new auto financing for 48 months or less. All new or used auto purchases are based on current loan rates and terms. Minimum auto loan amount is $3,000. 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.
** Refinancing is not available on current Honda FCU loans.
READY. No job is too small! Whether it’s a big project or a little fix, Honda Federal Credit Union’s home equity loans are a perfect fit for your home improvement needs. New roof, kitchen makeover or just a new coat of paint; do it yourself or call in the hardhat experts. Honda FCU gives you two types of loans to choose from, and the interest on either may be tax-deductible.*
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
Offer good from 5/2/11 - 6/30/11
Call us at 1.800.63.Honda (1.800.634.6632) or visit us online at www.hondafcu.org!
*Ask your tax advisor about the limits and conditions associated with tax advantages of these types of loans.
†All loans subject to credit approval. Each of the Equity One Fixed-Rate Loan LTVs have different rate structures from 5.25% APR-11.625% APR depending upon term, credit history and available home equity. Rates are subject to change. Terms can vary, depending upon the amount borrowed. Minimum loan amount is $5,000. Available for properties located in AL, CA, IN, GA , OH, NC 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. Honda FCU is an Equal Housing and Opportunity Lender.
††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-7.25% APR, will be in effect until October 20, 2011. Minimum loan amount is $5,000. Available for properties located in AL, CA, OH and SC, primary residences only.
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.
