Grossmont FCU Newsletter
Grossmont FCU Newsletter

GSFCU’s Lowest Automobile Loan Rate Program — Guaranteed!

auto loan

Grossmont Schools Federal Credit Union is proud to offer you the lowest automobile loan rates — guaranteed! And, if we can’t beat a competitors’ rate,* we’ll pay you $50!

We wish we could offer everyone our lowest auto loan rate, but not everyone qualifies for it. The good news is that if another financial institution offers you a lower rate than we were able to approve you for, come back and we’ll beat it, or we’ll pay you cash through GSFCU’s Lowest Auto Loan Rate Program!

  • Rates need to be verifiable and you must provide documentation containing the rate, term, and any other conditions of the offer. Examples may include a dealer purchase contract with the name of the lender or an approval letter from the lender.
  • The rate must be for a new or used auto loan from a financial institution, such as a bank, credit union or finance company (Dealer Captive* financing may not be eligible for this program).

Already Financed Somewhere Else? No Problem!
Refinance your loan at another lender with GSFCU within 6 months of the purchase date, and we’ll give you the same offer! We’ll also take care of all the paperwork, including DMV transfer fees, needed to complete your refinance.

At Grossmont Schools Federal Credit Union you’ll get affordable rates, flexible terms and fast, friendly service — Guaranteed!

Give Us A Call Today At
619–588–1515 To Learn More!

*Dealer Captive financing is a vehicle loan made to a consumer through a finance company that is owned by the automobile manufacturer. Examples of Dealer Captive Finance Companies are Honda of America or Ford Motor Credit. Eligibility of captive financing is subject to credit union review and may be excluded from this program at the discretion of the credit union. All loans are subject to credit and collateral valuation approval. If GSFCU cannot beat a qualified competitors’ rate, we will credit $50 to a qualifying member’s GSFCU account within 30 days. Minimum rate reduction is .10% APR.** Private loans and loans financed using collateral other than the vehicle are excluded from this promotion. Offer subject to change without notice.
**APR = Annual Percentage Rate.

Steven A. DevanInsight

A Few Words From Our CEO
By now I hope that you have all heard about the opening of our new satellite office in the LPL Financial office in La Mesa Village at 8313 La Mesa Blvd. This office represents an extension of our Preferred Provider relationship with LPL Financial and Raymond Dexter, LPL Registered Principal.

We have partnered with this office of LPL Financial due to their expertise with CalPERS and CalSTRS retirement plans for all East County school employees. I encourage you to call Ray Dexter at 619–461–2700 to set up an appointment for an annual review of your financial and/or retirement plans.

We conducted a Grand Opening of the La Mesa Village branch on August 27th that was well attended by all area school district leadership. This is a clear indication of the value that each district sees in our business model as a “true employee benefit” for East County school employees and their family members.

Moving forward, we are continuing to develop new delivery channels and innovative technology to better serve you, including mobile banking through smartphones and tablets that will also allow you to deposit a check using these camera enabled devices. Look for this exciting announcement in the coming months.

I hope to “C U” soon,

Steven A. Devan
President & Chief Executive Officer

Choosing A Retirement Plan:
403(b) Tax-Sheltered Annuity Plan

refundAre you wondering where you can get reliable advice about your 403(b)/TSA plan? We here at LPL Financial have experience and knowledge about different investment options, compliance, pricing and plan administration. From years of research and working with organizations like yours, we have developed strategies designed with the goal to find the best solutions to meet your financial goals, and those of your organization.

Our goal is to provide you with information to keep you current with the changes and latest developments in the industry.

We can also answer questions like:

  • Will participation in a 403(b) plan reduce Social Security benefits?
  • Are part–time employees eligible to contribute to a 403(b)?
  • What does a 403(b) plan cost and who is paying for it?
  • Under what circumstances may a hardship withdrawal be made?
  • What changes can I really make in my 403(b)?

Don’t leave your retirement to chance. We believe that teachers and classified employees deserve the very best. If you want to discuss this or any other aspect of your retirement planning, please call me at (619)461–2700.

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates.

Not NCUA Insured • Not Credit Union Guaranteed • May Lose Value


Board Of Directors —
Nominations & Elections

Three (3) vacancies on the Grossmont Schools FCU Board of Directors will be filled at the next annual membership meeting on Tuesday, February 18, 2014. GSFCU bylaws require a minimum of two members to be nominated for each vacancy on the Board. Nominations can also be made by petition from members.

Qualifications should be submitted in a written statement of 100 words or less to the Nominating Committee at:

Grossmont Schools FCU
Attn: Nominating Committee
PO Box 20400
El Cajon, CA 92021

The deadline to submit nominations and petitions is Friday, November 15, 2013. All nominations must include a signed certificate from the nominee stating that he or she will serve if elected. Printed ballots will be sent to all members in January 2014. Should there only be one nominee for each of the three vacancies there will NOT be an election by ballot, and no nominations from the floor will be accepted at the Annual Meeting.

coupleDid You Know?

Access Your GSFCU Account At A Credit Union Near You!

GSFCU is a member of the Shared Branch Network, which allows you to conduct many routine banking transactions at other credit union branches in the network. To find a shared branch near you visit co– You will need to know your member number and have a non–expired photo ID when visiting a shared branch.

Holiday Closings

Veterans Day
Monday, November 11, 2013

Thanksgiving Holiday
Thursday & Friday, November 28 & 29, 2013

Christmas Eve
Tuesday, December 24, 2013

Christmas Day
Wednesday, December 25, 2013

New Year’s Eve
Tuesday, December 31, 2013
(close at 1pm)

New Year’s Day
Wednesday, January 1, 2014



Branch Address
1069 Graves Ave. Suite 100
El Cajon, CA 92021-4573