Latest News

Keeping you updated on what’s happening at SF Fire Credit Union.

Latest News & Firefighter's Corner

Tax Loans

Every year, tax bills can be a significant source of stress. SF Fire Credit Union is here to help if you need to finance a tax payment.

How the Tax Loan Works

We’re offering a Tax Loan to members who apply between February 18th and April 30th. Here are some of the basics you need to know:

Loan Amount Min & Max: $500 – $50,000
Maximum Term: 36 Months

The Tax Loan is generally available at a rate 2% lower than a standard 36-month Signature Loan*. The loan proceeds must be payable to a Tax Collection entity, such as the IRS.

How to Apply

To apply for a Tax Loan, please submit an application through Online (Desktop) Banking, visit us in the branch, or call our Contact Center at 888.499.FIRE (3473).

*APR =Annual Percentage Rate. All Personal Signature Loans are subject to credit approval. The actual rate will be based on credit-worthiness.
The maximum aggregate unsecured credit limit is $50,000 per member.
Payment example: A $5,000 loan at 9.24% APR for 36 months has a monthly payment of $159.51. Other terms & rates available.

A New Financial Education Center

A New Financial Education Center: The Answers You Want, When You Want Them

Everyone has questions about financial topics: retirement, loans, how to save, and more. We’re here to help, even late at night or early in the morning. Our new online Financial Education Center will help you research and learn what you want to learn at any time.

What’s the Financial Education Center?

The Financial Education Center is a library devoted to financial literacy and includes a variety of interactive modules and financial calculators to help you learn what you need to learn to thrive. It covers a wide range of topics, from the A to Z of Banking Basics to planning for Home Ownership and Retirement. While there are four main categories of topics, described as ‘playlists,’ you can take any module or use any calculator at any time.

What can I learn?

Everyone has their own individual needs and circumstances. However, there are certain modules available in our Financial Education Center that might be of universal assistance when it comes to setting and fulfilling some common goals. We suggest looking at:

Building Emergency Savings – Worried about those surprise rainy days? Need tips on how to plan for them? Check out this module.

Taxes – Tired of being surprised by a tax bill? Want to figure out your tax situation? Here are some answers.

Retirement 101 – Want to start planning a route a leisurely retirement? Start here.

Credit Scores + Reports – What does your Credit Score mean? How can it help or hurt you? How do you control it?

Tax Forms & Where To Find Them

The end of January means it’s time to prepare your tax returns*. Here’s what you need to know about tax documents for your deposit and loan accounts with SF Fire Credit Union. Keep in mind that not everyone will have tax forms generated, as it depends on factors such as the amount of interest earned on savings accounts or paid on a Home Equity Line of Credit.

*If you are filing your taxes electronically using your checking account information, you’ll need to provide your routing number and the 14-digit Check ID number listed under Account Details in Online Banking.

1099-INT Forms for Savings Accounts

• Mailed out by the end of January to your address on file
• Available in Online Banking after February 1st
• Open your eDocuments tool
• Select Tax Forms

If you have not accessed your eDocuments before, you’ll need to click the “Subscribe” button before you can access your forms.

Withdrawals from Specialized Accounts (IRAs or HSAs)

• If you took a withdrawal from one of these accounts in 2018, your tax forms (1099-R, 1099-SA, or 1099-Q) were mailed by the end of January to your address on file
• Available in Online Banking after February 1st
• Open your eDocuments tool
• Select Tax Forms

If you have not accessed your eDocuments before, you’ll need to click the “Subscribe” button before you can access your forms.

Please note: Form 5498 for contributions will not be generated until later this spring, as you can make contributions for 2018 up until Tax Day.

Home Equity Lines of Credit

• Form 1098 was mailed to the address on file by January 31st
• Available in Online Banking after February 1st
• Open your eDocuments tool
• Select Tax Forms

If you have not accessed your eDocuments before, you’ll need to click the “Subscribe” button before you can access your forms.

Mortgages

• Form 1098 was included with your regular monthly statement, mailed to your address on file at the beginning of January
• Available through Online Banking now
• Click on your Mortgage Loan from the dashboard
• Click “View Transactions” to be taken to the administration page for your loan
• Click on “See Your Documents”
• Click on the “Monthly Bill Statement and Year End Docs” link

Investments

• For investments through CUSO Financial Services, all 1099Rs and 1099s with complete information were mailed by January 31st
• Some forms requiring further information to generate will be mailed by February 15th, with additional mailings scheduled for February 28th and March 15th
• Any members who will not receive a tax statement by the February 15th mailing will receive a “pending 1099 notice” detailing the status, and you will receive this by the end of February
• Completed statements can be retrieved online by opening the Investment Services tool (available only in the Desktop version of Online Banking), clicking on your Investment account number, and then selecting Documents

Identity Theft Protection

Learn how to prevent fraudsters from filing a tax return with your SSN. Here’s an article from the IRS on how to set an IP PIN.

Message from Kathy

And just like that, we’ve flown through the holidays and into a new year. I hope that you have all enjoyed a relaxing holiday season with family and friends.

In looking back at 2018, I see a year that has been a challenging journey for our credit union. We have invested time, energy, and resources in updating our online platform and internal processes, significantly expanded our Contact Center, and worked to improve our member service.

While I wish I could say we have achieved all we set out to accomplish, the truth is we aren’t quite there yet. Some of the improvements we promised you haven’t yet happened. And some of the long-term changes we have been focused on have produced unexpected short-term service problems for our members.

You deserve, and should expect, excellent service from your credit union every day on the phone, online, and in person. I’ll be the first to admit that hasn’t always been the case over the past year.
But I am proud of the progress and resilience I have seen from our team.

Your credit union is evolving for the better every single day. The seeds we have planted in 2018 with internal changes and new approaches will blossom in 2019, bringing you a credit union with stronger service, better products, and the long-term security to maintain our tradition of member and community service.

I have also been inspired by the support we have seen from our members over the course of the year. You have demonstrated your commitment to this credit union time and again, from our annual meeting in February, through a summer of firehouse visits and activities, to joining us in supporting the SF Firefighter Toy Program during the holidays.

In short, our credit union is financially sound, our membership is dedicated, and our team is stronger than ever.

The stage is set for a great year. I look forward to sharing it with you.

Kathy Duvall
President and CEO

Santa Sightings at the Credit Union

Did you catch a Santa Sighting this year?

Santa Days

As ever, Santa Claus (retired SFFD Firefighter Bob Cuff) provided a highlight of the holiday season for SF Fire Credit Union, visiting the branches to pose for photos with members, staff, and firefighters. Thank you to Stations 1, 10, 15, and 19 for joining in the fun. Santa dropped by to help support the hard work of the SF Firefighters Toy Program, and our members responded with donated toys in the toy barrels and cash in the donation jars.

Santa ca-st

Santa sttwn

Employee Bake Sale

On December 11th, not only did Santa visit the California St Branch, but also SF Fire Credit Union staff baked delicious holiday treats for our annual Employee Bake Sale (all proceeds benefitting the Toy Program). Thanks to our members, we raised almost $500 for the Toy Program.

The Toy Program – How to Help

We would like to thank our members, who really stepped up with toy donations this year. Our branches collected ten barrels of toys for the Toy Program. Your generosity makes a big difference in the lives of children.

While the Toy Barrels are being picked up on December 18th, you will still be able to donate cash in the branches until Christmas. You can also donate to the Toy Program online using the link below:

Donate Now

On the Move: Term Certificate Dividend Rates Have Increased

Are you saving for a once-in-a-lifetime vacation, or maybe a down payment on a new home? It’s easier to reach your financial goals with increased dividend rates on Term Certificates with SF Fire Credit Union.

Flexible Options

Whether you’re looking a few months down the road, or working on a five-year plan, we have term certificates that meet your need, anywhere from 3 months to 60 months. The* 18-Month Bump-Up Term Certificate* gives you extra flexibility – if the offered rates for that term go up again after you open the account, you can (once during the 18-month term) have your dividend rate increased to the new rate.

Current Dividend Rates for Term Certificates

The longer the term, the higher the dividend rate you will earn. Standard Term Certificates have a required minimum deposit of $250, and Jumbo Term Certificates have a required minimum deposit of $100,000.

Term Certificate Rates

Minimum Deposits

Term Certificates = Minimum deposit of $250 required.

APY = Annual Percentage Yield. The APY is the effective annual rate of return and assumes that the funds will remain in the deposit account for a full 365 days.

Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity.

If you have any questions or need current rate information on your accounts, please call 415.674.4800 or 1.888.499.FIRE (3473) from from 7AM to 8PM (Pacific) Monday – Saturday.

Term Min. Deposit Min. Balance APY* Dividend
3 Month $250 $250 0.40% 0.40%
6 Month $250 $250 0.90% 0.90%
1 Year $250 $250 1.76% 1.75%
18 Month Bump Up $250 $250 2.02% 2.00%
2 Year $250 $250 2.27% 2.25%
3 Year $250 $250 2.78% 2.75%
5 Year $250 $250 3.04% 3.00%

Jumbo Term Certificates

Jumbo Certificates = Minimum deposit of $100,000 required.

APY = Annual Percentage Yield. The APY is the effective annual rate of return and assumes that the funds will remain in the deposit account for a full 365 days. Unless otherwise paid, excluding IRA’s, dividends will be credited to your account and compounded every month.

Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity.

If you have any questions or need current rate information on your accounts, please call 415.674.4800 or 1.888.499.FIRE (3473) from from 7AM to 8PM (Pacific) Monday – Saturday.

Term Min. Deposit Min. Balance APY Dividend
3 Month $100,000 $100,000 .50% .50%
6 Month $100,000 $100,000 1.00% 1.00%
1 Year $100,000 $100,000 1.92% 1.90%

2019 Arthur McIntyre Scholarship

About the Scholarship

Every year, the scholarship program awards $2,500 each to two high school-level and two college-level students.

The purpose of this scholarship is to educate our members about credit unions. The essay topic explains the credit union philosophy and relating it to the individual, the community, and the country as a whole — now, and in the future.

Eligibility

  1. Student must be a member of SF Fire Credit Union in good standing.
  2. Enrolled as a full-time student in an accredited university, college, community college,
    or high school.
  3. Current grade point average of 2.5 or higher.
  4. Previous scholarship recipients must wait one year after awarding of a scholarship to apply again.

To Apply

Please complete the application packet and prompt found here.

The deadline for the 2019 Arthur F. McIntyre Scholarship submissions was February 1st, 2019. For mailed or shipped submissions, a February 1st postmark was accepted.

2019 High School Scholarship Recipients
Kaitlin Kelly
Katherine Brown

2019 College Scholarship Recipients
Elise Styles
Kathryn Haberman

Wildfire Disaster Relief for IAFF Firefighters

Iaff web2

California Wildfire Disaster Relief for International Association of Fire Fighters (IAFF) Members

As the California wildfires continue to rage across the state, more than 60 IAFF members have already had their homes destroyed, while hundreds more who have been evacuated — many who continue to work on the fire lines — don’t yet know the status of their homes.

To date, more than $163,000 in direct financial assistance has been distributed to IAFF members and their families, with more requests for disaster relief anticipated as the IAFF works to determine the status of members’ homes currently listed as unknown.

The best way you can help the brave firefighters fighting to help others is to donate to the IAFF Disaster Relief Fund, which provides assistance to IAFF members and their families in their times of need. Donate today with a tax-deductible contribution online.

Santa Claus Is Coming ... To The Credit Union

‘Tis the season! Drop by one of our branches to have your photo taken with Santa.
Every kid (or kid at heart) can get a free photo to take home.

Young and old alike enjoy visiting Santa Claus (SFFD Retiree Bob Cuff) every year at our branches. This year he’ll be in town on the following dates:

  • Pacifica Branch – Monday, Dec. 10th – 10am – 11:30am
  • Stonestown Branch – Monday, Dec. 10th – 1pm – 4pm
  • Mint Plaza Branch – Tuesday, Dec. 11th – 10am – 11:30am
  • California Street Branch – Tuesday, Dec. 11th – 1pm – 4pm

We’ll have a photobooth available at the Stonestown Branch and the California Street branch during Santa visit hours.
California Street Branch will be hosting its annual Bake Sale on Tuesday, December 11th.
All Bake Sale proceeds will go to the SF Firefighters Toy Program.

See you there.