Thursday, July 16, 2015

EMV Chip Technology is coming to you!

EMV Credit Cards Debit Cards Chip and PIN
EMV Chip Technology is coming to your credit and debit cards.  Click the picture to find out more information about this important change.

Tuesday, December 2, 2014

First City Receives CU Members 2014 Valued Partner Award

First City is pleased to announce that we have received the 2014 Valued Partners Award from CU Members Mortgage, a trusted organization of seasoned, professional mortgage lenders.  Through its partnership with CU Members, First City has the ability to offer a full range of home mortgage programs at competitive interest rates.  First City was in competition for the award with 100 other credit unions in California, Arizona, Nevada, Washington, Oregon, Alaska, Hawaii, and Idaho.  Pictured above is First City’s Mortgage Lending team, (l. to r.: Henry Perdomo, Loan Officer; Andrea Finley, Manager; and Alan Shelley, Loan Officer, CU Members Mortgage) receiving the Valued Partner Award for 2014.

Monday, September 8, 2014

We're wearing Jeans to raise money for Kids!

First City has teamed up with the Children's Miracle Network in support of local Children Hospitals.  If you'd like to help, please ask one of our staff.  And make sure to say hello to those wearing Jeans and T-Shirts that have already made their own personal donation.

All donations go to Children's Hospital Los Angeles, one of our main Employer Sponsor Groups.


Friday, August 15, 2014

We're one of America's Best!

75 years ago, in a meeting at the Hollywood Roosevelt Hotel, nine Los Angeles Sheriff Department employees met to draft the bylaws of a new credit union. First City Credit Union received its official charter on September 28, 1937 with less than $90 in deposits.  Today, we’ve grown into one of the nation’s leading credit unions!
  • 5-Star Ranked - For the 58th straight quarter by Bauer Financial Inc., the nation’s leading independent bank rating firm.
  • America’s Top 100 Credit Unions - In four separate categories by Bauer
  • Nation's Top 200 Healthiest Credit Unions - named First City to its 2014 list!  With over 6,500 credit unions in the United States,  First City ranked in the top 1.5 percentile!
  • Lowest Auto Loan Rates in SoCal - In a recent study, identified First City among the 10 lowest auto loan rates available in Los Angeles! 
That's pretty awesome from where we first started. We owe it all to our loyal members and outstanding leadership. Thanks! 

Monday, August 11, 2014

Visit our booth at the Los Angeles Sheriff Relief Association's Annual Family Social.
 Bring your friends and family!
Our booth will be in the main courtyard where we're raffling off a Free
39" HDTV!


Tuesday, August 5, 2014

 Do You Have Digital Eye Strain?

Most of you are doing the same thing we are, staring at a computer screen.  Obviously, you have to stare at one to see this post!  Have you thought about the effects on your eyes of exposure to computer screens for long periods of time?  Here we have an infographic that details what computer-related eye strain is, what causes it, and how to get relief.  We're certainly using this advice from now on, courtesy of Daily Infographic and Vision Direct, where you can see the graphic larger if you need to.    Enjoy what you see!

First City Credit Union wants to save your eyes

Tuesday, July 15, 2014

Don’t Pay a High Rate for That Bank Credit Card!

Those Hidden Rates Are Just Bait

There are many credit cards available with great looking rates, cards that offer 0% percent introductory APRs*, dangling them like cherries in a tree to get your attention.  The promise of not having to pay for the money you borrow leads many into thinking that they will save major money.  The problem is, most people who get a credit card for the introductory rate find themselves stuck with a huge increase when the honeymoon is over. 

According to a survey of credit card rates by, the average interest rate being paid by people with average credit scores is nearly 21%.  That’s 2.5% higher than last year, and according to the findings of the survey, is happening because the average cardholder doesn’t have as much choice when it comes to credit cards.  In other words, the banks are trying to lure you in with that 0% rate, then smack you with upwards of 21% rates while you aren’t looking.  The survey also notes that the average intro rate for 0% balance transfers last about 9 months, which is more than 3% shorter than last year.  Sounds like they’re trying to get you trapped even earlier. 

Another survey at actually calculates the net interest on a card by taking into account the introductory rate plus any balance transfer fee and the ongoing APR.  By dividing that number by the number of years you might expect to hold the card, they arrive at what they call a “True Interest Cost”, which can give you a good idea of what you will expect to pay.  Using this method, the longer you have the card, the higher interest rate you pay.  This is precisely the situation the banks want you be unaware of.  Bring them in with low interest, and make up for it later.

What You Should Do About High-Interest Bank Credit Cards

Quite simply, go to your local credit union.  In an article for Credit Union Online, Gina Ragusa writes “Since credit union rates are capped at 18% and fees are competitively low, shopping for a card at your local credit union may be the most logical choice.”  In any case, beware of bank credit cards with 0% APR offerings.  You may be getting more than you bargained for.

*Annual Percentage Rate