SHARE ACCOUNTS

Regular Shares (Savings)

Share Draft Accounts (Checking)
Minimum Balance $100.00
No Monthly Fees
VISA Debit Cards

Certificates of Deposit (CDs)
Terms from 30 days to 2 years

MISCELLANEOUS SERVICES

Financial Calculators

Telephone Teller-24 Hour Phone Access

Direct Deposit
Pension Checks
Social Security Checks
Payroll Checks
Government Checks

Wire Transfer Service

LOANS

Lease like auto/truck

New Motorcycles

New Auto and Trucks

Used Auto and Trucks

Personal (signature)

Line of Credit

Share Secured/CD Secured

Real Estate Loan
Refinance First Mortgages
Second Mortgages

VISA Credit Cards

SHARE ACCOUNTS

Regular Shares (Savings)
A regular share account is a traditional savings account is required to utilize any of our services (ie. share draft accounts, certificates of deposit, loans, etc.) The minimum balance on this account is $25.00 and interest is declared and paid quarterly on the average daily balance.
Click here to apply online

Share Draft Accounts (Checking)
A share draft account is an interest bearing checking account. The minimum balance is $100.00 and interest is paid monthly on the average daily balance. A free VISA Debit/ATM card is available (some ATMs do charge for service). PIN Numbers must be used for all DEBIT CARD transactions. The share draft account has no monthly service charges and no per check charges. All checks have a duplicate carbon copy and the original checks are not returned.  Click here to apply online

NOW AVAILABLE:  CBS EFCU OFFERS BILL PAY  - FREE as long as you pay at least ONE bill per     30 days, otherwise there is a $10 monthly service charge.  Pay all your bills from one convenient location.  Easy to use.  You can even make donations and send out gift checks (for a fee). 

Certificates of Deposits (CD's)
Certificates of Deposit are fixed term, fixed rate accounts. Terms range from 30 days to 2 years with minimum deposit ranging from $2,500.00 to $20,000.00. Current rates can be viewed on the Rates page.

Telephone Teller - 24 hour phone access
Our 24 hour, 7 day a week automated branch. Access account balances, check clearing information, direct deposit amounts, recent account activity, transfer funds, request withdrawals, check out loan rates, and much more... All you need is your account number, your pin number, and a touch-tone phone and dial (818) 432-3540 Press 1 or (323) 937-3982 Press 1.

Direct Deposit
A quick, easy, convenient way to have your payroll, Social Security, Pension, and government checks deposited into your share (savings) or share draft (checking accounts). Access to funds is immediate, what could be better?

Wire Transfer Service
A fast way to transfer funds for escrows, stock purchases, friends or family. Just send us your signed written instructions (including receiving bank, their ABA number, beneficiary information and the dollar amount to be sent), no later than 11:00 a.m. (pacific time) and for a small fee of $15.00 we will have the funds wired the same day.

LOANS

Share Secured Loan

A share secured loan is secured by a member pledging Credit Union shares or share certificates as collateral. All account owners are required to sign all loan documents.

The maximum loan amount cannot exceed the available balance in the member's share or certificate account.

The maximum term of the loan is 48 months.
Click here to apply online
Click here for our Financial Calculators

NEW AUTO/TRUCK LOAN

A new vehicle loan is secured entirely by the vehicle. A new vehicle is defined as a vehicle that has never been registered. The member must provide the original dealer purchase order, comprehensive and collision insurance coverage (WITH CBS EFCU listed as the lienholder ), and title to the vehicle with the CBS EFCU listed as the legal owner.

The maximum loan amount is 100% of the purchase price including tax, license, and registration fees but excluding extended warranties.

The maximum term of the loan is based on the amount financed.
Up to 48 months under $10,000.00
Up to 60 months between $10,000.00 and $20,000.00
Up to 72 months over $20,000.00
Click here to apply online
Click here for our Financial Calculators

USED AUTO/TRUCK LOAN

A used auto/truck loan is secured entirely by the vehicle. To be financed, the auto/truck must be listed in the current Kelly Blue Book or the CPI (Cars of Particular Interest). The Credit Union will not finance any salvaged vehicles.

The Credit Union requires the original dealer purchase order, comprehensive and collision insurance coverage (WITH CBS EFCU listed as the lienholder ), and title to the vehicle with the Credit Union listed as the legal owner.

If the vehicle is purchased from a private party the member must have either a written professional appraisal or a physical inspection by the Credit Union. During the physical inspection the vehicle ID# must be compared to the registration or title, the mileage, options, and general condition of the vehicle must be recorded.

The maximum amount of the loan is 100% of the Wholesale Kelly Blue Book, the Fair value of the CPI Book or the purchase price whichever is lower.

The maximum term is based on the amount of the loan.
Up to 48 months under $10,000.00
Up to 60 months over $10,000.00
Click here to apply online
Click here for our Financial Calculators

NEW MOTORCYCLE LOAN

A new motorcycle loan is secured entirely by the motorcycle. A motorcycle is considered new when it has never been registered.

The member must provide the original dealer purchase order, comprehensive and collision insurance coverage (WITH CBS EFCU listed as the lienholder), and good title with the Credit Union listed as the legal owner.

The maximum amount of the loan is 80% of the purchase price including tax and license.

The maximum term of the loan is 36 months.
Click here to apply online
Click here for our Financial Calculators

SIGNATURE LOAN (Personal)

A signature loan is an unsecured loan requiring only the signature of the applicant and/or spouse, co-applicant, or guarantor.

The maximum amount is two (2) times the member's base monthly salary. Overtime will not be used to compute the maximum amount of unsecured credit.

The maximum term is 48 months.
Click here to apply online
Click here for our Financial Calculators

LINE OF CREDIT

A line of credit is an unsecured open end loan requiring only the signature of the applicant or if needed co-applicant or guarantor. Each line of credit is subject to an annual review, at which time the line of credit maybe increased, decreased, canceled or left unchanged.

Cash advances maybe obtained up to a members maximum approved limit. Minimum cash advance is $250.00.

Maximum line of credit is $5,000.00

The term of the line of credit is open ended.
Click here to apply online
Click here for our Financial Calculators

VISA CREDIT CARD LOAN

The Visa Credit Card is an unsecured line of credit. This is an off-line system run by Equifax. Upon approval a credit card and pin will be issued.

Summary of Visa Terms:

1. Annual Percentage Rate is 11.88%
2. Grace Period for Repayment of Balances is 25 days for purchases and immediately for cash advances.
3. Method of Computing Balance is average daily balance including new purchases.
4. Annual Fee is $20 per year except first year.
5. Payment Amount is 5% of over limit amount or $10.00 whichever is greater.
6. Late Payment Fee is 5% of the past due amount or $10.00 whichever is greater.

Maximum Visa Credit Card limit is $15,000.00 or one time their base monthly salary whichever is less, rounded to the nearest $100.00. Overtime will not be used in computing the maximum total of unsecured credit. If self-employed, the average monthly income for the last two years based on their tax returns.

The term of the loan is open ended.
Click here to apply online
Click here for our Financial Calculators

REAL ESTATE LOAN

A real estate loan is secured by a piece of property, located in California, which the CBS Employees Federal Credit Union has placed a lien in either first or second position.

Requirements are as follows:

1. No purchase money loans
2. Real estate loans will only be granted where the property is the member's principal place of residence(ie. no rental property).
3. A written appraisal completed by an MAI Appraiser.
4. Along with the application, the member must provide the following: a copy of the most recent paystub, a copy of the grant deed, a copy of the balance on the first trust deed, if any, and a copy of the insurance policy.
5. The fire insurance policy shall cover the amount of the first and second deeds of trust and name the Credit Union as loss payee. At the election of the Credit Union, the member may be required to obtain insurance covering loss or damage as a result of floods or earthquakes. The member shall be responsible for payment of the premium for any policies of insurance.
6. All real estate loans granted by the Credit Union are not assumable.

Maximum Amount to be Financed:

The maximum real estate loan amount is 80% of the appraised value, not to exceed $200,000.00. All liens on the property cannot exceed 80% of the appraised value.

Maximum Term of the Loan:

15 Years

Click here to apply online
Click here for our Financial Calculators