4

SkyOne Federal Credit Union Quarter 4, 2014

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Like us on Facebook (SkyOne FCU) Follow us on Twitter @SkyOneFCU

How you can help Use your SkyOne Check or Credit Card to make all your purchases on October 16.

For every swipe with your SkyOne Card on Oct 16, we’ll donate 25¢!

Together We CanCreate MiraclesFor the last two years, SkyOne has taken part in raising funds for Credit Unions for Kids, a nationwide alliance of credit unions that support Children’s Miracle Network Hospitals. This year, we’re continuing this great tradition.

For every debit card or credit card transaction our members make on International Credit Union Day, October 16, we will donate 25¢ to Credit Unions for Kids.

Children’s Miracle Network is the world’s largest children’s charity, supporting 170 hospitals in the United States and Canada—including Children’s Hospital of Los Angeles.

Our donation will go directly to our local children’s hospitals to fund life-saving research and help develop technologies that can add years to patients’ lives. Best of all, we’ll be contributing to the treatment of kids who need heart or lung transplants, as well as those with cancer, cystic fibrosis and pediatric AIDS.

Please join us in this great cause. Use your SkyOne debit or credit card on October 16 for all your purchases, and support the Children’s Miracle Network.

on purchases and balance transfers made in the first 90 days.

Plus, keep the low rate on your transferred balances for 12 months!

A scary good dealwith a new SkyOne Platinum Visa

3.99%APR*

*APR=Annual Percentage Rate. The promotional rate of 3.99% APR is only valid for purchases and balances transferred to your SkyOne Platinum Visa within the first 90 days of when your Platinum Visa Card account is open, and will remain in effect for another 12 months; any remaining balance after that will be rolled over to the regular rate, as low as 7.50% APR. Rates, terms and loan amounts are based on approved credit and determined by a managed risk program. Balances transferred from an existing SkyOne loan are not eligible for the promotional rate. Balance transfers, check requests, convenience checks and overdraft protection do not earn SkyOne Platinum VISA Travel Rewards points, and are all subject to terms and conditions of cash advances. We reserve the right to terminate this offer at any time.

Administrative Headquarters14600 Aviation Boulevard Hawthorne, CA 90250 Phone: 800.421.7111

Telephone Service HoursM – F 6:00 am – 5:00 pm, PacificCashless Branch Office HoursM – F 8:00 am – 4:00 pm, Pacific

Briarwood Office138-44 Queens Boulevard, Suite 1BBriarwood, NY 11435-2653M – F 9:00 am – 5:00 pm, Eastern

Northwest Mountain Regional Office and ATM1601 Lind Avenue SW, Suite 116Renton, WA 98057-3357M – F 7:00 am – 3:00 pm, Pacific

South San Francisco Office943 El Camino RealSouth San Francisco, CA 94080M – F 9:00 am – 5:00 pm, Pacific

Western Pacific Regional Office and ATM15000 Aviation Boulevard, Room 1001Lawndale, CA 90261-1000M – F 7:00 am – 10:45 am, 11:30 am – 3:00 pm

Mark Your CalendarSkyOne Offices will be closed to observe:

Columbus Day, October 13Veteran’s Day, November 11

Thanksgiving, November 27 & 28Christmas, December 25

New Year, January 1Briarwood Office Only - October 14

Website www.SkyOne.orgToll-Free Number 800.421.7111Sky Fone 24/7 Audio Banking 800.523.9164

To report a lost or stolen: SkyOne Debit Card 888.241.2510 Outside the U.S. 909.941.1398 SkyOne ATM Card 800.421.7111SkyOne VISA® Credit Card 800.682.6075

Credit Card Fraud PreventionWithin the U.S. 800.411.8498

Outside the U.S. 206.352.3516

Board of DirectorsWilloughby E. Henshaw Chairman John G. Clancy Vice ChairmanMalachy T. Coghlan Recording OfficerDouglas R. Murphy TreasurerM. Wayne Lynch Director

Supervisory CommitteeTheodore P. Byrne ChairmanRichard N. Fossier SecretaryAntonia L. Garcia Rick R. ThompsonRobin Rush

Management TeamEileen C. Rivera President/CEOAstrid Rives Chief Marketing OfficerLourdes Ruano Chief Financial OfficerJeff Smith Chief Operating OfficerJaime Vasquez Chief Technology Officer

iSky Mobile Deposit Just got better!We all love the convenience of iSky Mobile Deposit.

A free tool within our iSky Mobile app, you can simply take a photo of the front and back of the check with your smartphone’s camera, and follow a few quick steps to complete the deposit.

Now, you can enjoy Mobile Deposit as soon as you become a member! No more waiting periods, just instant access to deposit your check wherever you are.

Try it out today! Download the free iSky Mobile app from the App Store or Google Play store.

Geoffrey Palenik, CRPC®

Financial Advisor CUSO Financial Services, LP*

What to Know Before Applying for Medicare

Geoff is insurance licensed in California (#0E05168.) *Insurance products and services are offered through CUSO Financial Services, Inc. (“CFS”). Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the Credit Union, and may involve investment risk including possible loss of principal. Investment Representatives are licensed through CFS. The Credit Union has contracted with CFS to make certain insurance products and services available to Credit Union members.

If your 65th birthday is approaching, it’s important that you get to know the Medicare system—the decisions you make early on in your Medicare eligibility can have a lasting financial impact, but learning the following tricks to the trade can help you navigate rules and avoid confusion.

Apply early to avoid additional fees.You can sign up for Medicare three months before you turn 65 and up until three months after your 65th birthday. However, it’s in your best interest to apply early, regardless of whether you need the coverage on your 65th birthday. If you don’t sign up then, you’re still eligible for benefits, but you may pay more.

You may need a supplemental plan.Medicare acts as a basic insurance plan, but many retirees have additional out-of-pocket expenses, just like any other health plan. Supplemental coverage with Medicare Advantage or a Medigap plan will help to defer some of that cost. There is a six-month period beginning the month you turn 65 that guarantees your acceptance into a Medigap plan, regardless of any preexisting conditions. After that period expires, your case will be evaluated based on your current health, which may mean denial of coverage or high premiums. So again, it pays to sign up on time.It pays to revisit plans yearly.Your needs may change every year, and Medicare’s supplemental plans will also change. Has the premium changed? Is the coverage the same? Do your homework to ensure you receive the coverage you need and at the price you want. When you take advantage of Medicare’s preventative coverage, you’ll save more in the long run in terms of your health, quality of life, and in future health care costs. Make sure you’re adequately covered by health insurance and let us lend a hand through the process.

Get the assistance of a seasoned financial planning professional. As the CFS* advisor for SkyOne members, I’m here to help you navigate the course towards retirement. Contact me for a complimentary review of your financial picture.

Geoff Palenik, CFS* Financial Advisor at SkyOnegpalenik@SkyOne.org | 800.421.7111 x7581

The Investment Center

Are your friends made of money? It’s time to cash in.

Get $50 for every friend you refer to SkyOne (up to $300)*.

$

$

$

$

$

$It’s easy to cash in. Here’s how:Step 1. Visit www.SkyOne and log into iSky Online Banking Step 2. Sign up for iSky if you don’t have accessStep 3. Click “Refer” and follow the instructions

Who can you refer to SkyOne? The people you interact with the most… friends, family and co-workers:

family members including kids and grandparents

roommates with the same address

air transportation co-workers

air transportation retirees

*Only current members in good standing with SkyOne Federal Credit Union, and who are at least 18 years of age may participate. Member in good standing is defined as no delinquent or charged off loans or charged off share accounts with SkyOne Federal Credit Union. Limit one $50 deposit per new member referral. You will receive a $50 deposit into your SkyOne Savings account for each valid referral within 30 days of the referral criteria being met, limit of 6 referrals paid out per member. A valid referral is defined as: a person who meets SkyOne’s membership eligibility requirements^ AND opens a SkyOne membership using the promotional code assigned to you. The referred member must meet the account opening and eligibility requirements; his/her account must remain open for at least 30 days AND have at least $25 in deposit. The referred member’s account must be open no later than 12.31.2014. SkyOne Federal Credit Union reserves the right to change or cancel the promo-tion at any time. ^For a complete list of eligibility requirements, go to SkyOne.org/eligibility-requirements.html.

From our President /CEO

Eileen Rivera President/CEO

Payday Loans. Check Cashing. Buy Here Pay Here auto dealerships. These terms have unfortunately become a fact of life for many Americans. According to the National Federation of Community Development Credit Unions, “every year over 12 million Americans become trapped in a cycle of debt as a result of predatory payday loans, with interest rates that can exceed 400%.”

At SkyOne, we recognize that many of our members face this very challenge. Regardless of our socioeconomic background, sometimes we end up in situations that seem impossible to get out of. As your credit union, we’re here to help protect your financial health. With this mission in mind, we’ve focused our efforts on providing solutions to help our members build and repair their credit, and get away from predatory lending.

In May, we introduced the Borrow and Save program, which aims to help members with less- than-perfect credit scores rebuild their credit AND end the vicious cycle of payday loans. We also offer programs designed to help members who are just starting out. Younger members buying their first car or applying for their first credit card often find it difficult to get approved. And when they do, it’s usually at such a high rate that making the monthly payment becomes a big challenge. Our First Time Auto Buyer and Starter Visa programs are designed to help younger members get affordable financing while establishing their credit, without the need for a joint-borrower.

But our work is not done. For many members who can least afford it, low credit scores are costing them steeply for the most crucial tool to support their livelihood—their cars. For members whose credit score is lower than 580, lenders can charge annual percentage rates higher than 24%. These excessively high rates are often masked by longer terms to make the monthly payments seem manageable. The result is large amounts of your hard earned dollars going toward interest rather than everyday essentials or savings for a rainy day.

At SkyOne, we determine our loan interest rates based on your credit score—but that’s NOT the only criteria. We consider the length of time at your job, your relationship with the Credit Union, as well as a slew of other factors. The bottom line: we do everything we can to help provide the financing you need. If you or your family member is dealing with blemished credit and the high interest rate that comes with it, please let us help.

Talk to a member services representative and find a financing solution that helps you save on interest, save on a monthly payment, and improve your credit score. We are YOUR Credit Union. And we’re here to help you improve your financial life.

Helping members improve their credit, one step at a time.

If you or your family member is dealing with blemished credit and the high interest rate that comes with it, please let us help.

Starter Visa First Time Auto Buyer’s Program

Borrow and Save Financing forBlemished Credit

BALANCEFinancial Counseling

Tools designed to help improve your credit

Geoffrey Palenik, CRPC®

Financial Advisor CUSO Financial Services, LP*

What to Know Before Applying for Medicare

Geoff is insurance licensed in California (#0E05168.) *Insurance products and services are offered through CUSO Financial Services, Inc. (“CFS”). Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the Credit Union, and may involve investment risk including possible loss of principal. Investment Representatives are licensed through CFS. The Credit Union has contracted with CFS to make certain insurance products and services available to Credit Union members.

If your 65th birthday is approaching, it’s important that you get to know the Medicare system—the decisions you make early on in your Medicare eligibility can have a lasting financial impact, but learning the following tricks to the trade can help you navigate rules and avoid confusion.

Apply early to avoid additional fees.You can sign up for Medicare three months before you turn 65 and up until three months after your 65th birthday. However, it’s in your best interest to apply early, regardless of whether you need the coverage on your 65th birthday. If you don’t sign up then, you’re still eligible for benefits, but you may pay more.

You may need a supplemental plan.Medicare acts as a basic insurance plan, but many retirees have additional out-of-pocket expenses, just like any other health plan. Supplemental coverage with Medicare Advantage or a Medigap plan will help to defer some of that cost. There is a six-month period beginning the month you turn 65 that guarantees your acceptance into a Medigap plan, regardless of any preexisting conditions. After that period expires, your case will be evaluated based on your current health, which may mean denial of coverage or high premiums. So again, it pays to sign up on time.It pays to revisit plans yearly.Your needs may change every year, and Medicare’s supplemental plans will also change. Has the premium changed? Is the coverage the same? Do your homework to ensure you receive the coverage you need and at the price you want. When you take advantage of Medicare’s preventative coverage, you’ll save more in the long run in terms of your health, quality of life, and in future health care costs. Make sure you’re adequately covered by health insurance and let us lend a hand through the process.

Get the assistance of a seasoned financial planning professional. As the CFS* advisor for SkyOne members, I’m here to help you navigate the course towards retirement. Contact me for a complimentary review of your financial picture.

Geoff Palenik, CFS* Financial Advisor at SkyOnegpalenik@SkyOne.org | 800.421.7111 x7581

The Investment Center

Are your friends made of money? It’s time to cash in.

Get $50 for every friend you refer to SkyOne (up to $300)*.

$

$

$

$

$

$It’s easy to cash in. Here’s how:Step 1. Visit www.SkyOne and log into iSky Online Banking Step 2. Sign up for iSky if you don’t have accessStep 3. Click “Refer” and follow the instructions

Who can you refer to SkyOne? The people you interact with the most… friends, family and co-workers:

family members including kids and grandparents

roommates with the same address

air transportation co-workers

air transportation retirees

*Only current members in good standing with SkyOne Federal Credit Union, and who are at least 18 years of age may participate. Member in good standing is defined as no delinquent or charged off loans or charged off share accounts with SkyOne Federal Credit Union. Limit one $50 deposit per new member referral. You will receive a $50 deposit into your SkyOne Savings account for each valid referral within 30 days of the referral criteria being met, limit of 6 referrals paid out per member. A valid referral is defined as: a person who meets SkyOne’s membership eligibility requirements^ AND opens a SkyOne membership using the promotional code assigned to you. The referred member must meet the account opening and eligibility requirements; his/her account must remain open for at least 30 days AND have at least $25 in deposit. The referred member’s account must be open no later than 12.31.2014. SkyOne Federal Credit Union reserves the right to change or cancel the promo-tion at any time. ^For a complete list of eligibility requirements, go to SkyOne.org/eligibility-requirements.html.

From our President /CEO

Eileen Rivera President/CEO

Payday Loans. Check Cashing. Buy Here Pay Here auto dealerships. These terms have unfortunately become a fact of life for many Americans. According to the National Federation of Community Development Credit Unions, “every year over 12 million Americans become trapped in a cycle of debt as a result of predatory payday loans, with interest rates that can exceed 400%.”

At SkyOne, we recognize that many of our members face this very challenge. Regardless of our socioeconomic background, sometimes we end up in situations that seem impossible to get out of. As your credit union, we’re here to help protect your financial health. With this mission in mind, we’ve focused our efforts on providing solutions to help our members build and repair their credit, and get away from predatory lending.

In May, we introduced the Borrow and Save program, which aims to help members with less- than-perfect credit scores rebuild their credit AND end the vicious cycle of payday loans. We also offer programs designed to help members who are just starting out. Younger members buying their first car or applying for their first credit card often find it difficult to get approved. And when they do, it’s usually at such a high rate that making the monthly payment becomes a big challenge. Our First Time Auto Buyer and Starter Visa programs are designed to help younger members get affordable financing while establishing their credit, without the need for a joint-borrower.

But our work is not done. For many members who can least afford it, low credit scores are costing them steeply for the most crucial tool to support their livelihood—their cars. For members whose credit score is lower than 580, lenders can charge annual percentage rates higher than 24%. These excessively high rates are often masked by longer terms to make the monthly payments seem manageable. The result is large amounts of your hard earned dollars going toward interest rather than everyday essentials or savings for a rainy day.

At SkyOne, we determine our loan interest rates based on your credit score—but that’s NOT the only criteria. We consider the length of time at your job, your relationship with the Credit Union, as well as a slew of other factors. The bottom line: we do everything we can to help provide the financing you need. If you or your family member is dealing with blemished credit and the high interest rate that comes with it, please let us help.

Talk to a member services representative and find a financing solution that helps you save on interest, save on a monthly payment, and improve your credit score. We are YOUR Credit Union. And we’re here to help you improve your financial life.

Helping members improve their credit, one step at a time.

If you or your family member is dealing with blemished credit and the high interest rate that comes with it, please let us help.

Starter Visa First Time Auto Buyer’s Program

Borrow and Save Financing forBlemished Credit

BALANCEFinancial Counseling

Tools designed to help improve your credit

4

SkyOne Federal Credit Union Quarter 4, 2014

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

Like us on Facebook (SkyOne FCU) Follow us on Twitter @SkyOneFCU

How you can help Use your SkyOne Check or Credit Card to make all your purchases on October 16.

For every swipe with your SkyOne Card on Oct 16, we’ll donate 25¢!

Together We CanCreate MiraclesFor the last two years, SkyOne has taken part in raising funds for Credit Unions for Kids, a nationwide alliance of credit unions that support Children’s Miracle Network Hospitals. This year, we’re continuing this great tradition.

For every debit card or credit card transaction our members make on International Credit Union Day, October 16, we will donate 25¢ to Credit Unions for Kids.

Children’s Miracle Network is the world’s largest children’s charity, supporting 170 hospitals in the United States and Canada—including Children’s Hospital of Los Angeles.

Our donation will go directly to our local children’s hospitals to fund life-saving research and help develop technologies that can add years to patients’ lives. Best of all, we’ll be contributing to the treatment of kids who need heart or lung transplants, as well as those with cancer, cystic fibrosis and pediatric AIDS.

Please join us in this great cause. Use your SkyOne debit or credit card on October 16 for all your purchases, and support the Children’s Miracle Network.

on purchases and balance transfers made in the first 90 days.

Plus, keep the low rate on your transferred balances for 12 months!

A scary good dealwith a new SkyOne Platinum Visa

3.99%APR*

*APR=Annual Percentage Rate. The promotional rate of 3.99% APR is only valid for purchases and balances transferred to your SkyOne Platinum Visa within the first 90 days of when your Platinum Visa Card account is open, and will remain in effect for another 12 months; any remaining balance after that will be rolled over to the regular rate, as low as 7.50% APR. Rates, terms and loan amounts are based on approved credit and determined by a managed risk program. Balances transferred from an existing SkyOne loan are not eligible for the promotional rate. Balance transfers, check requests, convenience checks and overdraft protection do not earn SkyOne Platinum VISA Travel Rewards points, and are all subject to terms and conditions of cash advances. We reserve the right to terminate this offer at any time.

Administrative Headquarters14600 Aviation Boulevard Hawthorne, CA 90250 Phone: 800.421.7111

Telephone Service HoursM – F 6:00 am – 5:00 pm, PacificCashless Branch Office HoursM – F 8:00 am – 4:00 pm, Pacific

Briarwood Office138-44 Queens Boulevard, Suite 1BBriarwood, NY 11435-2653M – F 9:00 am – 5:00 pm, Eastern

Northwest Mountain Regional Office and ATM1601 Lind Avenue SW, Suite 116Renton, WA 98057-3357M – F 7:00 am – 3:00 pm, Pacific

South San Francisco Office943 El Camino RealSouth San Francisco, CA 94080M – F 9:00 am – 5:00 pm, Pacific

Western Pacific Regional Office and ATM15000 Aviation Boulevard, Room 1001Lawndale, CA 90261-1000M – F 7:00 am – 10:45 am, 11:30 am – 3:00 pm

Mark Your CalendarSkyOne Offices will be closed to observe:

Columbus Day, October 13Veteran’s Day, November 11

Thanksgiving, November 27 & 28Christmas, December 25

New Year, January 1Briarwood Office Only - October 14

Website www.SkyOne.orgToll-Free Number 800.421.7111Sky Fone 24/7 Audio Banking 800.523.9164

To report a lost or stolen: SkyOne Debit Card 888.241.2510 Outside the U.S. 909.941.1398 SkyOne ATM Card 800.421.7111SkyOne VISA® Credit Card 800.682.6075

Credit Card Fraud PreventionWithin the U.S. 800.411.8498

Outside the U.S. 206.352.3516

Board of DirectorsWilloughby E. Henshaw Chairman John G. Clancy Vice ChairmanMalachy T. Coghlan Recording OfficerDouglas R. Murphy TreasurerM. Wayne Lynch Director

Supervisory CommitteeTheodore P. Byrne ChairmanRichard N. Fossier SecretaryAntonia L. Garcia Rick R. ThompsonRobin Rush

Management TeamEileen C. Rivera President/CEOAstrid Rives Chief Marketing OfficerLourdes Ruano Chief Financial OfficerJeff Smith Chief Operating OfficerJaime Vasquez Chief Technology Officer

iSky Mobile Deposit Just got better!We all love the convenience of iSky Mobile Deposit.

A free tool within our iSky Mobile app, you can simply take a photo of the front and back of the check with your smartphone’s camera, and follow a few quick steps to complete the deposit.

Now, you can enjoy Mobile Deposit as soon as you become a member! No more waiting periods, just instant access to deposit your check wherever you are.

Try it out today! Download the free iSky Mobile app from the App Store or Google Play store.