News & Alerts
Detailed budgeting, frequent monitoring of income and expenses, and prompt action to address potential cash flow problems are essential elements of financial planning for retirees. Despite careful planning and reasonable assumptions about investment returns, inflation, living costs, and other variables, retirees are likely to face many developments affecting their cash flow over the years.
Expenses vary depending on individual lifestyles and health. Income may be affected by changes in investment performance and interest rates. Other factors bearing on cash flow include changes in tax rates and alterations to Medicare, Social Security, and employer-provided retiree benefits...Read More
There’s nothing like a summer “blockbuster” to capture the terror of an extreme natural disaster, as in the 2015 movie San Andreas featuring action-star Dwayne “The Rock” Johnson. Though the film may draw some attention to the risk of earthquakes – in this case “the big one” in California – news footage of the recent devastation caused by two deadly earthquakes in Nepal is more realistic.
According to a recent study by the U.S. Geological Survey (USGS), the likelihood a magnitude 8.0 or larger earthquake will strike California in the next 30 years has increased from 4.7% to about 7.0%. Despite these odds, only about 10% of California homeowners currently have earthquake coverage...Read More
No one likes to think about people living in poverty, but it’s a growing problem that deserves our attention. 34% of children in the greater Los Angeles area, and 27% in Las Vegas, live at or below the poverty level. This is a trend likely to continue for generations to come without intentional intervention. According to the National Center for Children in Poverty, children who experience poverty are substantially more likely to live in poverty as adults.
Although this is a dismal forecast, it doesn’t need to be our reality. Education is the great liberator. The nonprofit founded by the Credit Union, the Center for Financial Empowerment, helps break the cycle of generational poverty for high school youth and young adults in our local underserved communities, and it happens through the power of financial education...Read More
LOS ANGELES, Calif. (December 16, 2015) – Weingart East Los Angeles YMCA has partnered with Senator Kevin De Leon, the California Highway Patrol, Panda Express and SCE Federal Credit Union to ensure thousands of children in East Los Angeles receive gifts and stuffed stockings this holiday season. More than 3,000 kids from ages six-months to 13 will open gifts, enjoy hot chocolate, Panda Express restaurant treats, a personal visit from Santa and listen to a choir singing holiday favorites...Read More
IRWINDALE, Calif. (December 1, 2015) - The Board of Directors of SCE FCU announced today that they have selected Daniel Rader to succeed Dennis Huber as CEO, effective June 30, 2016. Rader currently serves as Chief Financial Officer for SCE FCU. In his role, Rader has been instrumental in helping lead and manage the $634 million financial institution with over 52,000 members and 9 financial centers in two states...Read More
People Helping People. It’s the philosophy upon which credit unions were founded.
The credit union movement began 160 years ago with a simple but radical idea: that with the help of your neighbors, you can improve your financial well-being. This idea spread across the world, and credit unions flourished, especially during times of economic hardship...Read More
In addition to saving for retirement, there may be other major financial goals you’ll need to juggle in a lifetime. Let’s say that at age 25 you earned $35,000. If your salary increased at the average historical rate, you’d have earned nearly $2 million by the time you were 65.1 That might sound like a lot – until you begin thinking about all the financial goals you’ll need to juggle in a lifetime, including buying a home and paying your child’s education, while funding your own retirement...Read More
Did you know we offer residential mortgage loans many other lenders don’t? It’s true. With a 60+ year track record of satisfying financial needs, we’re big enough to serve you and your clients, but small enough to provide the flexibility and options you’re looking for...Read More