The Golden State Warriors just moved to a beautiful $1.4 billion arena in San Francisco. The younger members of the team are having trouble finding affordable housing near their workplace. I can’t blame them. According to the San Francisco Chronicle, one player grew up in a three-bedroom, two-bathroom house in Louisiana costing $575 per month. A veteran player who had previously played in Minneapolis, Philadelphia, and Indianapolis, rented a mansion outside Detroit last year for $3,500 per month.

Sounds silly, doesn’t it? The NBA league minimum for a player with zero years of experience is just under $900,000. Assuming a 50% federal and state tax rate, their annual income decreases to $450,000. In order to secure a conventional mortgage loan, the player would be able to carry of total mortgage of “only” $1,125,000. That is serious sticker shock, even for an almost-millionaire with an average career of just 4.5 years. In addition, basketball players, as well as other professional athletes, have unique expenses such as agents’ fees and lease-breaking costs when the player is traded or released.

Forget the Eggnog. What You Really Need is Skip-a-Payment!

Let’s face it, everyone can use a little extra spending money during the holidays. With all the hustle, bustle, and extra expenses, every little bit helps. Whether it’s a special gift for your sweetie, the perfect treat for Fido, a little extra something just for you, or help with holiday travel plans… we’ve got you covered.

Our Skip-a-Payment program gives you just what you need – the option to skip your next 1st Nor Cal qualifying loan payment to free up valuable funds for other things. Whew! A little breathing room never felt so good.

Members can now process their own Skip-a-Payment (skip) on eligible loans within Home Banking!

Official 2014 88th Annual Parade Poster

November 1924 – The Macy’s Thanksgiving Day Parade in New York City started. The parade is known for their famous character balloons. In the early days of the parade, Macy’s employees marched to their flagship store on 34th Street in Midtown Manhattan dressed in vibrant costumes.

Love your ride but not your rate?

Bring us your existing auto loan and we’ll beat it by
at least .25% APR^†

You can call it whatever you like, we’ll call it  “Our Pleasure”, because we love helping members save money any way we can. If your dream car is saddled with a not-so-dreamy auto loan rate or your hot rod has a hot mess of a monthly payment, just give us a call. We’ll get you into a lower rate loan, quick and easy.

• DocuSign Scam Alert >> Read Here

• We’ve made some changes in Home Banking to better server our members. Check out the details.

Planning to make some home improvements? We can help you make it happen with a Home Equity Loan. If the value of your home is greater than what you owe on your mortgage, you may be able to borrow money using your home as collateral.

As you may know, your Homeowners Insurance does not cover flood damage. According to NFIP, nearly 25% of their claims occur in moderate to low risk areas. The good news is that there are now 2 options for Flood insurance. They are as follows:

At 1st Nor Cal Credit Union, providing true value to our members is one of our top priorities. We believe there is no better way to show we care than to help you save your hard-earned money. Not just every so often by offering special promotions… we’re talking real, honest-to-goodness savings you can count on.

by Jason Vitucci, CFP® & Gene A. Schnabel

The end of the year can provide wonderful opportunities to support organizations you are passionate about, and possibly decrease your tax liability.

To ensure your contributions are used in the most impactful ways, there are a few guidelines to follow as you select the organizations you want to donate to.

You could be surprised!

Now through December 31, 2019 you could get a trip to one of five incredible destinations – or a $500 statement credit – just by using your Debit Mastercard. Every purchase gets you another chance to be surprised.

Three Job Interview Mindsets

It’s the night before the interview. Your outfit is all laid out, your resumé is hot off the press and you’ve Google-Mapped your route. You’ve done your company research and you’ve practiced answering the tough questions. You are perfectly prepared - and you still feel like a nervous wreck.

That’s because, although we’re generally pretty good at anticipating and preparing for external challenges, we tend to be somewhat less great at anticipating internal challenges. We spend a lot of time thinking about what we need to communicate to our interviewer, but we don’t take much time to think about what we need to say to ourselves while navigating the interview process.

Are you in need of financial counseling?

1st Nor Cal is here to help. Timely and honest debt advice is available to our members at no cost or obligation. Learn how to manage your finances.