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    A smart new way to pay for everyday expenses

    Jun 12, 2017

    KeyPoint is always looking for new ways to help KeyPoint Credit Union members save money and optimize their finances.  So, I'm excited to tell you about a new credit card we’ll be launching soon that rewards you –– with 1.5% cash back on every purchase you make.  It’s the Visa® Platinum Cash Rewards credit card. 

    Using a credit card to pay for everyday expenses can be a smart way to manage your finances.  But, it’s only smart if you’re using the right credit card.  Members have told us that they are looking for four important elements when choosing a credit card:

    • Low interest rate (APR)
    • No annual fee and low cash advance fees
    • Valuable Rewards
    • Special offers that save money –– like an introductory period with a low/no APR and a cash bonuses.

    Members also appreciate excellent fraud protection, travel insurance, and rental car collision insurance.

    The new KeyPoint Visa Platinum Cash Rewards credit card is designed to meet and exceed our members’ expectations. The benefits of the VISA Platinum Cash Rewards Credit Card include:

    • Unlimited 1.5% cash back on all your purchases
    • No annual fee, no cash advance fees and no foreign transaction fees
    • The same low APR for purchases, balance transfers and cash advances –– with a low balance transfer fee of only 2% 
    Plus:
    • Cellular Telephone Protection and Auto Rental Collision Damage Waiver
    • Protection from fraud with Visa’s Zero Liability
    • Enhanced security with EMV Chip Technology 

    We are launching this new Visa Platinum Cash Rewards credit card on July 1 –– with two special introductory offers:

    •  0% APR on all purchases for the first 9 months
    • $100 statement credit on the first $500 of purchases made within the first 60 days of receiving your card 

    The new Visa Platinum Cash Rewards credit card Is one more way we’re providing KeyPoint members with the best products and services available today to help you reach your financial goals –– and make the most of your money.

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    About the Annual Meeting

    May 02, 2017

    Thank you to all the members and volunteer board of the Credit Union that attended our annual meeting.  As attendees learned, KeyPoint continues to be a financially sound institution.  As of the end of 2016, we have:

    • $1.1 billion in assets, up 10% over 2015
    • 52,000 members, up 4%
    • $867 million in member loans, up 3%

    Our net worth ratio stood at 8.60%, a level considered by credit union regulators to be “well-capitalized.”

    KeyPoint is full-service, member-focused, and tirelessly dedicated to providing financial solutions that saves you money and makes your financial life easier.  2017 promises to be an exciting year for members, with many new services planned for introduction:

    • New Mobile banking features (access to credit cards information and FICO® score)
    • New Cash-back credit card
    • New Omni experience for account and loan applications

    And, I encourage you to explore all the products and services available to members:

    • Free Checking (no minimum balance required!)
    • Very Competitive Rates on Home Loans (Mortgage and Home Equity Line of Credit)
    • Credit Cards
    • Auto Loans
    • Personal Loans

    Throughout the year, we will let you know about special promotions and new services.  I hope you will take the time to review these member communications which just might make your financial life easier.

    Thank you for trusting KeyPoint—the Next Generation of Neighborhood Banking.

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    Next Generation Neighborhood Banking

    Apr 21, 2017

    KeyPoint strives to provide members with the next generation in banking services while still providing the caring, member-centric service you deserve through our branches, telephone banking and digital banking platforms.  

    The next generation of banking services will employ much of the leading-edge technology available today. Already in the works are: 

    • New Mobile Banking features including mobile access to credit card accounts, statements, and your FICO® score.
    • New digital account and loan applications that are easy to use on desktop and mobile devices.
    • New phone system for the entire Credit Union with High Definition voice quality. 

    While KeyPoint is making available the technology that will save you money and make your life easier, we continue to be your neighborhood banker—unlike some of those all-digital banks. 

    Our in-branch and contact center financial service representatives are here to help you with all of your financial needs.  Sure, we can help you with regular transactions—transfer money between accounts or procure a cashier’s check. But we also provide people who can make your financial life easier.  Our representatives can help you get a loan to buy a car or a new house.  And our wealth management advisors can help you plan for your retirement.   

    So, as a KeyPoint member, you enjoy the latest digital banking capabilities and at the same time work with the familiar faces at your local branch. We live in the communities we serve and you’ll see us at community events and Chamber of Commerce functions. 

    I hope you can attend the KeyPoint Credit Union Annual Meeting, which will be held Thursday, April 27th at 5:30, in the Community Learning Center at 2805 Bowers Avenue, Santa Clara, CA 95051.  I will be discussing our 2016 performance and 2017 initiatives.  Please reserve your seat by calling (408) 731-4197, or send an email to rsvpannualmeeting@kpcu.com.

    Thank you for trusting KeyPoint with your banking needs.

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    Our new mobile app is here!

    Nov 01, 2016

    I am very pleased that our fast, modern mobile app is finally here! In this new release, our primary focus was speed and ease of use, so I think you’ll enjoy the Touch ID and faster navigation. 

    Before we released the new mobile app, we engaged several members who use our current app to test the new app and provide us with feedback. Our beta testers did an outstanding job of letting us know what they like (Touch ID, the speed, and the color-coded accounts), and where we needed to improve (remove the ad from the main page, enhance check deposits). We also expanded the list of enhancements for our roadmap. Thank you very much to all of our beta testers for your time and feedback! 

    The new app is designed to better meet your needs, and provide a robust platform for future enhancements in the coming months: 

    - eStatements (enroll and view)
    - Enhanced Pay A Person
    - View your FICO Score (coming first to Online Banking, then mobile)
    - New Bill Pay (replace the current service with one of the nation’s leading providers)
    - Ability to view credit card transaction history

    I encourage every member to try it out and let us know what you think--we’ve built a Send Feedback option right into our main Menu because we want to know what you think! 

    We’re grateful for our members, and committed to making sure our products and services continue to meet your needs. We hope you like the new app, and want you to know that unlike big banks, KeyPoint always has your best interests in mind. November 5th is Bank Transfer Day, so I hope you tell your friends and family about us!

    Thank you for trusting KeyPoint, and giving us the opportunity to improve our mobile app.

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    Online and Mobile Banking

    Jun 27, 2016

    KeyPoint Credit Union grew up in Silicon Valley, where the quest for continuous innovation is ongoing. That is part of our mission as well -- improving people’s lives and their financial well-being through excellent service and leading-edge banking technology.

    Last winter, we made many changes to our digital services. While not all of our members were affected by the new platform’s challenges, many of you were. This is unacceptable to us. We heard your feedback and have been diligently working with our technology partners to revise numerous facets of the online experience. Our promise to you is that our platform will improve, and meet or exceed your expectations.

    Here is an overview of what you can expect over the next few months:

    Upgrading the Mobile App. We listened to and prioritized the amazing feedback we received from members about our current apps, and retained a Silicon Valley firm with a great deal of expertise and experience in mobile applications. The next release for both iOS and Android will have a modern layout with superior navigation, and will support features like Touch ID.

    Other new features will include:

    • Accounts will show immediately upon login
    • Improved Transaction search
    • In-app notifications
    • Optimized layout for tablets
    • Improvements to the branch/ATM locator search
    • Ability to display account statements

    This update will be available in the third quarter of 2016. View our Mobile App Roadmap for more information.

    We’re bringing back Quicken Direct Connect in the third quarter. Many members who use Quicken software to manage their money told us that our new system is hard to use with Quicken. We’ve worked directly with Intuit and made some progress, but not enough. As a result, we’re bringing back Quicken Direct Connect, which is a direct and secure interface between the user’s Quicken application and our online banking system. This should be available in the third quarter.

    Replacing our bill payment system and bringing back Popmoney® as our person-to-person payment service. One of our largest technology partners is Fiserv, which recently purchased the company that operates our online banking and bill pay services. Fiserv is working with us to provide a smooth path to replace our bill payment system to a more robust platform. We’ll provide full information as this project develops. Popmoney will replace PayPal®, since many of you told us that Popmoney was easier to use.

    Please stay tuned for more information as we continue to resolve issues and enhance your KeyPoint services.  You have our promise that we learned from the experience.

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    All our profits go to YOU

    Dec 23, 2015

    KeyPoint is not a bank, but when talking with people who aren’t familiar with credit unions, it’s often easier for us to describe ourselves as a bank.

    Banks and credit unions have similar products, services, and 24/7 account access, but the biggest difference is in the internal structure of a credit union like KeyPoint. We are not-for-profit and we are owned by our members. As a result, all “profits” are returned to our member/owners in the form of better rates and lower fees.

    Credit unions look for ways to give back to our members as much as possible. That’s why KeyPoint members enjoy free Organic Checking, free Online Banking, mobile apps, Bill Pay, eStatements and payment holidays. Some banks charge for these same products and services. At KeyPoint, you’ll also find free Passport Rewards with your Debit Card—yes, really truly free rewards, and you don’t have to do anything to earn them.

    When it comes to fees, well, that’s how banks earn dividends for their stockholders. Just compare your bank credit card with a KeyPoint credit card. Our fees are consistently lower in a side-by-side comparison with bank cards. And we don’t play games like advertising a low rate that’s only for purchases, while charging higher rates for cash advances and balance transfers.

    Credit unions also have an all-volunteer Board of Directors to guide us and ensure that we’re serving the needs of our member/owners. The Directors are democratically elected by KeyPoint’s members, and meet at least once a month to review our financial performance and guide our strategic direction. We are currently looking for new volunteers, and I encourage you to contact me if you are interested in learning more.

    There are over 100 million credit union members in the U.S., which means that 1 in every 3 U.S. citizens is a member! If you’re looking for the best value, a financial cooperative beats a big bank any day of the week.

    I wish you and your family a healthy, happy New Year!

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