California Educator

October / November 2017

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Reasons to Be Provident Get the help you need from Provident Credit Union's loan programs New Teacher Loan Are you a first-year teacher who needs a little extra cash? If unexpected bills, car repairs, trips or home expenses have you in a tempo- rary tough spot, Provident Credit Union's New Teacher Loan may be what you're looking for. The loan is available to CTA members and provides access to amounts between $500 and $5,000. Teachers can fit payments into their budgets, with a 36-month maximum term and a fixed payment schedule. Loan pricing is determined based on FICO score, though having a limited credit history or absence of an established FICO score does not exclude new teachers from eligibility. The loan, in fact, is a great way to help first-year educators establish or build credit history. Other benefits of the New Teacher Loan are: · A quick and easy application process. · Instant decision, with funds available within one business day after approval. · Free access to online financial education provided by CreditShop in partnership with Clarifi, a nonprofit credit counseling service. · Loan activity reported to the credit bureaus, helping the member build a credit history. · Skip-pay option up to three times during the life of the loan (skipped months are added to the end of the loan term). Provident Credit Union — CTA's endorsed credit union since 1950 — also offers mem- bers access to other exclusive loan options tailored to meet their needs, including auto and home loans. Mortgage Loan Discount In addition to taking advantage of Provident's competitive mortgage loan products and great rates, financing with Provident means CTA members can save an average of $447 annually by utilizing their exclusive 0.125 percent mortgage rate discount. The discount can add up to thousands of dollars saved over the life of the loan. Provident offers homebuyer preapproval as well as a pricing credit at loan closing for qualified buyers. There are even zero-point loans available. Be sure to ask about Provident's Power Funding 10-day guarantee, which allows you to close your home pur - chase in 10 days or less. In addition to the 0.125 percent rate discount, Provident also offers CTA members: · $100 special CTA discount off a standard Provident Credit Union mortgage loan. · $250 closing cost credit if you have a qualifying Provident product. · A movable mortgage option on adjustable rate mortgages — allowing members to take their rate with them when they move. Auto Loan Discount In addition to the mortgage rate discount, CTA members also have the option to utilize an exclusive 0.125 percent rate discount when purchasing a vehicle. Provident's auto loans include the same low fixed rates on new and used vehi- cles, including car, motorcycle or recreational vehicle. And Provident offers 100 percent financing, with a range of terms to meet your needs. Provident's auto loans offer CTA members: · Up to 100 percent financing of purchase price including tax, license and warranty. · First payment deferred up to 90 days. · Flexible terms up to 84 months. · Additional 0.125 percent rate discount if you have a qualify- ing Provident product. · Additional rate discount on Enterprise and Autoland purchases. Visit or call 800-632-4600 for more details and information on the benefits of becoming a member of Provident Credit Union. 70 CTA & You M E M B E R B E N E F I T S

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