Joe Schroeder

Ask Joe
Last quarter, I invited you to email questions about VCCU to my new “Ask Joe” email box. Well, you did, and I’ve chosen to answer one about credit unions and taxation.

“Why are credit unions exempt from corporate income tax?”

A not-for-profit credit union is all about providing great financial services to its members. That’s its sole purpose, distinguishing a credit union from other financial institutions, particularly a bank. A bank’s first priority is to maximize stockholder profit — from the rates and fees charged to its customers for loans and services. But you might lose ALL of the benefits you enjoy at Ventura County Credit Union unless Congress hears loud and clear from members like you that you want credit unions protected as part of federal tax reforms. A credit union — not-for-profit and owned by its members — typically offers lower rates on loans, higher returns on savings and lower or fewer fees for services.

A credit union can do that because its emphasis is on providing financial services to members at reasonable costs and returns — not by amassing profits from them.

By making financial services more affordable, a credit union helps you reach your goals and improve your financial well-being. You might say a bank uses people to make money — but a credit union uses money to help people.

Act now to preserve credit unions

Act now to preserve credit unions
If you value Ventura County Credit Union, please take a moment to ask Congress to preserve credit unions’ tax status as part of tax reforms occurring now. Otherwise, you could lose the many benefits you enjoy. Visit to send a pre-formatted email to your congressperson today, or call toll-free at 877.642.4223. Simply tell them, “Don’t Tax My Credit Union!”

I’m looking forward to answering more of your questions.
Send me yours at

Joe Schroeder

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New Port Hueneme office coming soon

New Port Hueneme
office coming soon
We’ll soon have even more of Ventura County covered! If you live, work, or pass through Port Hueneme, stop by our new office opening later this summer. It’s easy to find; it’s in the Mandalay Village Marketplace at 687 W. Channel Islands Blvd., near dining, shopping and recreation. And there is plenty of parking.

It will be a full service office, with an ATM with no-envelope deposits.

Jessica Reynoso, who headed our Oxnard office for the past seven years, will be the manager. She and her staff look forward to serving you. Look for more about this new location later this summer.

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New wheels maximize summer fun
Auto loans as low as 1.74% APR*

New wheels maximize summer fun

• Up to 48 months
• Up to 100% financing

There’s nothing like a new — or new-to-you — car to make summer road trips more fun. And there’s nothing like a low-cost VCCU auto loan to make those payments more affordable than ever.

In fact, we make it easy for you to keep more cash in your pocket every month, even if you have an auto loan from another lender; simply refinance it with us.

Apply now.

*Annual Percentage Rate effective 7/1/13. All loans subject to credit approval. Rates and terms subject to change. Your actual rate based on creditworthiness. Includes one-quarter percent discount for automatic payment from VCCU checking or share account. Rates and terms apply to all makes, models and years; vehicles must be registered and operable. Used vehicles require Kelley Blue Book value listing; appraisal and verification may be required. Verification of income may be required. Applicant must be 18 years of age or older. Other restrictions may apply. Current VCCU loans not eligible for refinance. Monthly payment per $1,000 borrowed for a 48-month term at 1.74% APR: $21.58.

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Do good while dining out with MOGL
Every time you use your VCCU credit or debit card to pay a tab of at least $20 at a participating MOGL restaurant in Ventura County, a meal will be donated to FOOD Share, one of our community partners. Plus, you receive 10% cash back on your MOGL purchases every month.

Do good while dining out with MOGL

This new program is a great way to help the community while getting a direct benefit yourself. To register your VCCU debit or Visa card, or for a list of the 250+ participating MOGL restaurants in Ventura County, go to

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Members save thousands with Invest in America
At Ventura County Credit Union we know you work hard to earn your money. And we think you should keep as much of it as possible. That’s why we’ve teamed up with Invest in America to bring you savings on the things you buy every day from trusted American companies. Save money on everything from your cell phone bill with Sprint or a brand new GM vehicle to online discounts at over 1,200 major Shop America retailers. Discover how much you could save. Contact a Ventura County Credit Union representative or visit

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Equip school kids for success
Help us better prepare young students to learn. We are partnering with local organizations to donate school supplies to local children whose families are unable to purchase them, and to schools with reduced budgets. Look for collection boxes in each VCCU office July 15 through August 31.

We’re asking for NEW school supplies including backpacks, calculators, spiral notebooks and regular/colored pencils.

Your donations will be distributed through THRIVES, which benefits schools in the Ventura Unified School District, and School on Wheels, a program that provides tutors and resources to homeless and transient youth. Thank you!

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