OECU MAR 2008 Newsletter Page 2

2008 | MAR

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Financial Flexibility at Your Control

Taking control of today’s mortgage possibilities!

Today’s home mortgage market may seem like something you’d rather not deal with. But trust OECU to guide you through today’s current mortgage choices—providing you the best available deal!

OECU gives you the flexibility of a Variable Rate Home Equity Line-of-Credit or a Fixed Rate Home Equity Loan—both at attractive special rates. You can use either loan by itself or both loans in combination.

The Home Equity Line-of-Credit can help you make future purchases without having to apply for another loan. The Fixed Rate Home Equity Loan provides the security of rate stability and can be used to meet a portion of your current financial needs.

OECU can also help you with great deals on First Mortgages.

5.25% APR
60 Month Fixed Rate Home Equity Loan

No application fee
No pre-payment penalty
No closing costs
Best Rate Maximum Loan to Value of 80% (see disclosure)

The fixed rate of 5.25% (5.25% Annual Percentage Rate) is the best rate available only to Members with Tier A or better credit and is based on an 80% loan to value, owner-occupied, principal residence. Rates are subject to change without notice. Appraisal, property and flood insurance may be required. All loans subject to approved credit. Payment of $949.41 per month on a $50,000 loan with interest rate of 5.25% (5.25% Annual Percentage Rate) for 60 months. Other competitive rates and terms available up to 90% of the value of your home.
This product cannot be used to refinance an existing OECU Home Equity Loan. It can be used as an additional Home Equity Loan, subject to available equity and lien position.

Prime -1.25% APR
Variable Rate Home Equity Line of Credit

No Annual Fee
No Points
No Application Fee
No Minimum Initial Draw
Closing Costs Paid by OECU

APR = Annual Percentage Rate. This is a variable rate and may change based on the Prime Rate as printed in the Wall Street Journal published 10 days prior to the end of each month. The rate is 4.00% as of March 31, 2008; is the best rate available only to OECU members with Tier A or better credit; and is based on an 80% loan to value, owner-occupied principal residence. This is a limited time offer, and rates are subject to change without notice. Appraisal, property and flood insurance may be required. Other competitive terms available for up to 90% of the value of your home. All loans subject to approved credit. Offer APR will never fall below 4% nor exceed 25%, regardless of the Prime Rate.
Loan fees and closing costs, which generally total between $150 and $400, are waived. If the Credit Union pays these fees on your behalf and you close your Home Equity Line of Credit within the first three years of opening, you agree to reimburse the Credit Union for those fees.
This product cannot be used to refinance an existing OECU Home Equity Line-of-Credit. It can be used as an additional Line-of-Credit, subject to available equity and lien position. Interest Only payment options are available.

For more information and/or to apply for a loan, call our 24/7 Loan Center at 1-800-552-6328, ext. 5 or contact any OECU office.

$100 OECU Gift Card available for a Vehicle Loan†

Plan ahead and earn yourself more than just a great rate!

$100 OECU Gift Card available for a Vehicle Loan†

Planning ahead benefits you in two ways—a great rate on a pre-approved OECU Vehicle Loan and a $100 OECU Visa® Gift Card. That’s right, members who finance a vehicle purchase with a New or Used OECU Vehicle Loan through an OECU Office, the OECU Membership Service Center or OECU website, will receive a $100 VISA Gift Card.

You’ll get the benefit of all your OECU Package premium discounts as well—no dealer financing offers you that. The $100 OECU Visa Gift Card offer is only good on loans booked at an OECU Office.

See an OECU Member Service Representative today and see why it pays to plan ahead!

† Applies to any new or used (titled) vehicle loan financed directly through any OECU office. OECU Membership Package premiums apply. Vehicles financed through an auto dealer are not eligible for this offer. This offer cannot be used to refinance an existing OECU loan. It can be used to refinance a non-OECU vehicle loan. Offer subject to change without notice. All loans subject to approved credit and underwriting guidelines.