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1 for SCE Federal Credit Union News Winter 2018 Dear Members, Would you be surprised to know that high school students want to learn how to manage money? In a recent poll, 78% of teens surveyed felt instruction in personal finance was the most important education they needed before graduation. Yet, in most U.S. high schools, financial literacy education is minimal if provided at all. SCE FCU and the nonprofit we founded, the Center for Financial Empowerment, are working to fill that gap for hundreds of teens every year. By partnering with high schools, teachers, and youth organizations, we re teaching students money skills they can put into action with their very first paycheck. And SCE FCU members support of the CFE helps make it all possible. In 2017, we facilitated 55 financial workshops and 7 Mad City Money simulation events, reaching a total of 2,613 young adults. We re proud to have made such an impact on our communities! And while these numbers are impressive, the real success stories go far beyond the statistics. Dante L., an 11th grader from Nevada, had this to say after the CFE taught a series of financial topics in his classroom: The most important thing I learned was about saving money from each paycheck. And I have to spend in a smart way, so I can save up money at the same time. I would not have known to do that before. The CFE s Mad City Money program teaches financial skills using experiential learning that can be more effective than typical financial literacy programs. According to Cynthia R., a teen participant from California, I thought I had already learned how to deal with money, but not in this way. This was very different and interactive, it felt very real! I was surprised how easy it was to fall into debt and end up having to pay more. This event helped me understand simple things that can make a huge difference in my financial decisions. On behalf of the Credit Union and the CFE, we thank SCE FCU members for supporting the work we do to provide underserved youth with financial skills for life. Your donations make it possible to provide this important education free of charge to teens that need it most. Together with you, we re helping to break the cycle of generational poverty. Sincerely yours, Dan Rader President/CEO For stories, photos, and testimonials, visit Center4FE.org

2 Three Ways to Cope When Financial Stress Affects You at Work If your work has ever suffered as a result of financial stress at home, you re not alone. According to one survey, 37% of employees reported that personal finance issues had been a distraction while on the job at least once in their careers. So how do you perform at your professional best and successfully navigate financial challenges at the same time? Check out these three tips: Review Your Financial Situation First of all, try to remember that you re in charge of your finances. If an issue related to employment is the cause of your stress, focus on the positive steps you can take to improve your situation. For example, if you re not making enough money, consider looking for a higher-paying job, or find out if you re eligible for a raise at your current company. If neither of these options is realistic, start a side job. Whether it s driving for a ride-share company, or turning a particular skill into a source of part-time income (for example, graphic design), you may have more options than you realize. Prioritize Projects at the Office Often, you can de-stress your life by creating structure. So if you re feeling overwhelmed at work as a result of your finances, make a simple list of projects in order of importance. This is especially useful if you juggle multiple responsibilities and tight deadlines. Creating a list of priorities can put things in perspective and re-focus your efforts on the job. Talk to a Financial Coach If overcoming financial hardship on your own seems impossible, you can always reach out to a Certified Financial Coach. A trained professional can show you how to manage your debt, organize your finances or simply create a budget that works. The newfound financial confidence can reduce stress, and improve productivity at work. Admitting you need help with your finances is hard, but if your work suffers as a result of trying to resolve the problem on your own, consulting a professional may be worth it and your Credit Union can help! We partner with BALANCE to provide our members with financial counseling and education to help achieve financial independence. Whether it s dealing with financial stress, reviewing your credit report, planning for major expenses, or simply improving money management skills, BALANCE can provide guidance every step of the way. Best of all, we pay for this service as a free benefit for SCE FCU members. Call BALANCE at or visit scefcu.balancepro.org for more information. Remember to let them know you re an SCE FCU member, so you ll receive their counseling services at no cost to you. This information was brought to you by the financial fitness counselors at BALANCE. DID YOU KNOW? If you re planning to travel, it s a good idea to set up travel notes on your SCE FCU credit and debit cards. You can do this by calling us or enter them yourself through Online Banking by selecting Secure Forms, then Travel Notice You can hide accounts through Online Banking. While they ll still be viewable through statements, they won t be visible when you log in to online banking making this a nice option for adding funds to your child s account you don t want them to readily see, or even to tuck money out of sight in your own account. From your PC, log in to Online Banking and then select My Settings from the options along the top of the screen. When you scroll to the bottom, you ll see Rename & Hide Your Accounts Spanish language will be available mid-january for Online Banking, allowing you to switch language options right from your desktop

3 Please Join Us... Annual Meeting & Nomination of Officials Tuesday, April 17, 2018 Registration 5:30pm, Annual Meeting 6:00pm DoubleTree by Hilton, 924 W. Huntington Drive, Monrovia, CA The annual meeting will feature a report from the CEO, the Board Chair and the Supervisory Committee. We will also conduct an election for two (2) Board positions, each with a three (3) year term. Members who wish to be nominated to serve on the Board of Directors may do so by submitting a petition signed by at least one percent (1%) of the total Credit Union membership (approx. 544) to the Chair of the Nominating Committee, Ms. Sue Mitchell (c/o Kathleen Cardenas, SCE FCU). This petition must be received by 5:00pm on Thursday, March 8, Nomination questions may be directed to x2254. The names of all nominees will be posted at the SCE FCU Corporate Office on Tuesday, March 13, The election will not be conducted by ballot and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled. Election results will be announced at the Annual Meeting on April 17, Patrick McCloskey (for a term of three years) Currently the Chairman of the Board, Patrick is a Certified Public Accountant and an expert in the areas of real estate, associations, business entities, and consulting. He has more than 20 years of experience in public accounting and private industry in the areas of consulting, acquisitions, information systems and real estate management. During his tenure at Arthur Andersen, Patrick worked for a wide variety of clients including trusts, partnerships, complex individuals, S-Corps, C-Corps and LLCs. He has extensive experience in systems design and disaster recovery consulting. Patrick holds a bachelor s degree in accounting and a Juris Doctorate. He also teaches a variety of accounting courses at the community college level. Specific to credit unions, he has completed numerous courses through the Credit Union National Association and received his Supervisory Committee certification, as well as the financial literacy education requirements through the National Credit Union Administration. Chris Carter (for a term of three years) Chris Carter was appointed to serve on the SCE Federal Credit Union Board of Directors in December Prior to his Board appointment, Chris served on the Credit Union s Supervisory Committee for four years. In addition, Chris was a member of the SONEPCO FCU Board of Directors at the time SCE FCU and SONEPCO Federal Credit Union merged in Chris is currently the Facility Manager for NV Energy South in Las Vegas, and responsible for 900,000+ square feet of office, warehouse and service center buildings. He has worked in the facility maintenance profession for over 36 years. During that time, Chris has held leadership roles including foreman, supervisor, lead, and manager for the aerospace, entertainment and utility industries. Chris holds an associate degree in electronics, bachelor s degree in management, and an MBA from Keller Graduate School in Henderson, Nevada. Achievements include: Graduate of the Leadership Henderson program; Certified Facility Manager; Diversity Centered Leadership Graduate; Nevada FOCUS Graduate;, Member of the International Facility Managers Association; Team Member for NV Energy Emergency Response Plan; NV Energy Employee Enthusiasm Committee; and many projects for NV Energy that have reduced their office building power usage by over 20%. Community Involvement: Ten-year volunteer with the NV Energy Senior Energy Assistance Expo, an annual event that assists local seniors in managing their power bills; team lead for nine years on Rebuilding Together projects, a nonprofit helping seniors with home repairs; former board member of the Goodie Two Shoes Foundation, a local nonprofit providing disadvantaged children with new shoes and socks.

4 What s in Your Home? Member Advantage INSURANCE SERVICES The beginning of the year is a time when many people resolve to take care of organizational jobs that were left undone the previous year. You may thank yourself later if you take the time to create a home inventory. Each year, about 6% of homeowners file an insurance claim. 1 To accurately process your claim, the insurance company needs detailed information on all your losses. In the stressful aftermath of a burglary, fire, hurricane, or other unexpected disaster, it could be difficult if not impossible to accurately recall specifics on all the belongings in your home. Having an inventory may take pressure off you and facilitate the claims process so you can replace your belongings more quickly and efficiently. Keep a List There s no single way to complete a written inventory of your valuable items, but it helps to use an organized method, such as listing everything in one room before moving to another. You might take photographs of each room and individual photos of the most valuable items. Here are some other tips to keep in mind: You may want to list your most valuable items first and gather receipts and/or appraisals to establish their value. If you don t have a receipt or appraisal, you might find a similar item online and print out information, including its price or estimated value For appliances and electronic equipment, detail the brand, model and serial number For more common items, you could list the general type of item and number of each. With clothing, for example, you might list the number of coats, dresses, pants, shirts, shoes, etc., and note any items of special value Take Advantage of Technology With today s digital photography, it requires very little work to take functional photos and/or videos of all your belongings, either individually or by groups or rooms. You might simply walk through your home videotaping and narrating as you go. Don t forget to open the closets and cabinets so the contents are visible. You could also take digital photos of your inventory list, receipts, and other important documents so they can be stored electronically. The Insurance Information Institute offers a free application called Know Your Stuff (knowyourstuff.org) that walks you through the inventory process on a computer or mobile device and allows you to store your information securely online. There are also other applications available; check your insurance company s website. Having a mobile app at your fingertips might help you remember to update your inventory whenever you make a major purchase or change your living situation. A digital record stored in your mobile device or online may enable you to access the information easily, even in the unfortunate event of a fire, flood, or other situation in which you can t enter your home. Otherwise, make sure to keep copies of any physical documentation in a safe place outside of your home or in a safe-deposit box. Make a weekend project of documenting your belongings, and you might sleep easier knowing you re prepared. Your inventory may also help you determine the appropriate amount of insurance coverage to purchase and verify any future losses for tax purposes. This article was suggested by our Credit-Union-owned insurance agency, Member Advantage Insurance Services. If you need help with your insurance needs, we encourage you to reach out to them free of charge at x2296 or info@memberadvantageins.com. 1 Insurance Information Institute, 2016 This information is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions Broadridge Investor Communication Solutions, Inc. Member Advantage Insurance Services LLC - License #0I81315, Schabarum Ave., Irwindale, CA 91706

5 New Year, New Resolutions If you haven t yet enrolled your SCE FCU debit and credit cards in our fraud fighting apps, now may be the perfect time. CardNav is our free app for SCE FCU debit cardholders. SecurLock Equip is our free app for SCE FCU credit cardholders. You can turn your cards on and off as you need, control where your card can be used, set real-time alerts, and more. Why wait? Available for iphone and Android, arm yourself with these powerful tools and start your new year off securely. Savings & Loan Rates Checking & Savings All deposit rates quoted below are Annual Percentage Yields as of January 1, 2018 and are subject to change without notice. Contact the Credit Union for additional information on applicable fees and terms, special promotions, and other accounts we offer. Green Checking 0.30%. Also available: Free Checking (non-dividend) & Youth Checking Prime Savings 0.12% ($5 min. to open) Super Saver 0.22% ($5 min. to open) Youth Super Saver 0.22% Holiday & Vacation Club Accounts 0.22% ($10 min. to open) Money Market 1 $0 - $24, % $50,000 - $99, % $25,000 - $49, % $100,000 or more 0.50% IRAs & Certificates 2 91 days 0.40% 24 months 1.00% 6 months 0.60% 36 months 1.20% 12 months 0.80% 48 months 1.50% 18 months 0.85% 60 months 2.10% Traditional & Roth IRA 2017 & 2018 annual contribution limits - $5,500 under 50 years of age, $6,500 for 50 and over. IRA Certificate terms start at 12 months Loans All loan rates quoted below are Annual Percentage Rates as of January 1, 2018 and are subject to change without notice. Rate and finance amount is based on member loan qualifications, and vehicle or property value as applicable. New & Used Auto Loans & Street Bikes 3 Classic Auto Loans 3 New & Used RV, Travel Trailer, Boat & Off-Road Mortorcycle or Vehicle Loans 3 As low as 0.75% % for terms from 1-8 years Estimated Monthly Payment per $1,000 = $ $88.02 As low as 1.24% % for terms from 1-7 years Estimated Monthly Payment per $1,000 = $ $85.72 As low as 4.74% % for terms from 2-12 years Estimated Monthly Payment per $1,000 = $ $29.86 Personal Lines of Credit 3 Adjustable rates from 12.25% % (Daily Periodic Rate % %) Signature Loan 3 As low as 7.75% % for terms from 1-5 years Estimated Monthly Payment per $1,000 = $ $86.88 Visa Platinum 4 Visa Platinum Rewards % % variable. This APR will vary based on the Prime Rate. No annual fee 12.25% % variable. This APR will vary based on the Prime Rate. No annual fee. Includes points program toward travel and gifts Holiday Closings New Year s Day January 1st Martin Luther King Jr. Day January 15th Presidents Day February 19th You can access your accounts 24/7 online at scefcu.org, through our mobile banking apps, by phone at , with your ATM card, or by calling our FastLine phone teller at CU Stats as of November 30, 2017 Members: 54,382 Assets: $687,916,000 Serving members since 1952 Credit Union Federally insured by NCUA. We do business in accordance with the Federal Fair Housing Law & the Federal Credit Opportunity Act. Home Equity Loans 3,5 Fixed rates from 5.00% % Home Equity Lines of Credit 5,6 Adjustable rates as low as 4.50% Home Equity Split Second Set up part at a fixed rate and part as an adjustable-rate line of credit First Trust Deed Loans 7 Buy or refinance your home with a fixed or variable rate loan program. Choose from a variety of rates, terms and fee structures. Call us or visit our website for more information Business Solutions We offer a full suite of business products and services including several checking options, money market, certificates, loans, lines of credit and Visa cards, and merchant services. We re an approved SBA Lender. Dividends are calculated on the Daily Balance Method for all accounts. 1 Rate will change if you move in or out of a deposit tier. 2 $1,000 minimum balance to open. Penalty for early withdrawal may be imposed. Dividends compound monthly for all terms except the 91-day term, which compounds at maturity. The Annual Percentage Yield is based on the assumption that the minimum balance requirements will be met. 3 All loan rates quoted are annual percentage rates and reflect a discount for electronic repayment. DMV processing fee, if applicable, is $35. 4 We add between 6.75% to 14.75% to the Prime Rate to determine the Visa APR, and electronic repayment discounts do not apply. Cash advance, balance transfer and letter check fee is 3% (min $10, no max); late payment fee is $25 if paid after due date. 5 Sample payment on a $50,000 fixed rate Home Equity Loan for 20 years at 5.50% APR would be $345 per month. Rate and terms are subject to change without notice. Property must be in California or Nevada. Borrower of non-owner occupied property loans pays all fees. Standard processing fees can range from $300-$1,500 based on transaction type and amount. Subordination fee is $200. Demand fee is $35. 6 Prime Rate of 4.50% as of plus a margin that ranges from 0%-5%. Prime Rate plus applicable margin and loan to value equals the rate. Floor rates range from 4%-8%. Lifetime cap is 6% above the fully indexed rate. Rate changes occur semi-annually with an annual cap of 2%. Minimum payment on Home Equity Line of Credit is 1% of the balance on loans at 11% APR or less, 1.25% of balance on loans between 11%-15% APR, or 1.5% of balance on loans above 15% APR. Maximum rate is 18% APR. Annual fee of $50 will apply after the first year if balance is less than $10, Electronic repayment discounts do not apply. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account will be reflected in your credit report. In the event of a disaster, if you re unable to reach us by phone, visit our website at scefcu.org for information on how to access your accounts. Rest assured, we have plans in place to allow us to continue to serve you.