Financial Literacy
Honoring Legacy, Empowering Futures: The 2025 SRI Federal Credit Union Memorial Scholarship
At SRI Federal Credit Union, we’re proud to support education and honor the legacy of those who helped build our credit union community. That’s why we’re excited to announce the 2025 SRI Federal Credit Union Memorial Scholarship — an opportunity for promising students to receive financial support as they take their next big step in life. This year, we’re awarding up to four (4) scholarships, each valued at $1,500, in memory of the dedicated volunteer officials who helped shape SRIFCU’s values and mission: Joann Hodges-Velayo, Reuben Kachadoorian, Henry Moore, Harry Page, Dan Pinkerton, Herbert Teller, Pete Valenti, and Loren Young. To apply, students must meet the following criteria: ✅ Be a high school senior planning to attend college or trade school, OR a community college student transferring to a four-year university Application Opens: Monday, April 1st, 2025 Deadline to Apply: Wednesday, May 14th, 2025 Winners Announced: Friday, May 30th, 2025 Applying is simple — you can either: Complete the online application form available HERE. Or, submit a paper application and all required documents via: Email: scholarship@srifcu.org Mail: We encourage all eligible students to apply and share their story with us. This scholarship is more than financial aid — it’s a tribute to individuals who believed in community service, leadership, and the power of education. By investing in students today, we’re continuing their legacy into tomorrow. Click HERE for full application details or contact our team for support. Help us spread the word! If you know a student who qualifies, please share this opportunity with them. We’re proud to support the future—one scholarship at a time.Who’s Eligible?
✅ Be an active member of SRI Federal Credit Union, or have a parent/guardian who is a member in good standing
✅ Demonstrate involvement in school or community activities
🚫 Please note: SRIFCU employees, volunteers, and their immediate family members are not eligible to applyKey Dates
How to Apply
SRI Federal Credit Union
P.O. Box 2284
Menlo Park, CA 94026Have Questions?
How Tariffs Impact the U.S. Market and Why Credit Union Membership Provides Stability
Tariffs have long been a tool used in global trade to influence economic policies, protect domestic industries, and sometimes serve as leverage in international negotiations. However, they can also create volatility in financial markets, affecting everything from stock prices to consumer goods costs. With the ongoing uncertainty surrounding tariffs and their impact on the U.S. economy, having your money in a stable, member-focused institution like SRI Federal Credit Union is more important than ever. Tariffs are essentially taxes imposed on imported goods, which can lead to higher costs for businesses and consumers. Over the years, we’ve seen how tariffs on steel, aluminum, and other key materials have increased production costs for American companies, leading to higher prices on everything from cars to household appliances. Additionally, retaliatory tariffs from other countries can hurt U.S. exports, negatively impacting industries like agriculture and manufacturing. Financial markets tend to react sharply to tariff announcements. Uncertainty about trade policies can cause fluctuations in the stock market, affecting investment portfolios, retirement savings, and overall consumer confidence. For individuals and businesses alike, these swings can create stress and financial instability. While the broader economy may be affected by trade disputes and tariff policies, credit union members can take comfort in the security and stability of their funds. Here’s why banking with SRI Federal Credit Union is a smart choice in uncertain times: While tariffs and trade policies can create uncertainty, you don’t have to let them disrupt your financial security. By keeping your funds in a trusted institution like SRI Federal Credit Union, you benefit from stability, competitive financial products, and personalized service that puts your needs first. If you’re looking for a secure place to manage your money in unpredictable times, we’re here to help. Visit us today to learn more about how we can support your financial well-being—no matter what the economy throws our way.The Effects of Tariffs on the Economy
The Credit Union Advantage: Stability and Security
Protect Your Financial Future with SRI Federal Credit Union
SRI Federal Credit Union: Built to Last, Secured for You
There has been some recent confusion regarding DOGE and the use of the word “Federal” in “SRI Federal Credit Union.” We want to take this opportunity to clarify key facts and reassure our valued members that their financial security remains our top priority. First and foremost, DOGE (Department of Government Efficiency) is a government administration but does not have access to any SRI Federal Credit Union member information. Your data remains private and secure, protected by industry-leading security measures. We have also received inquiries about DOGE and Elon Musk, specifically whether they have access to member funds or if our federal funding could be revoked. To be clear, neither Elon Musk nor DOGE has access to any member data, and we are not federally funded. As a member-owned, not-for-profit financial institution, we operate independently. However, we are federally insured by the National Credit Union Administration (NCUA), meaning your deposits are insured up to $250,000 per account. Additionally, accounts can be structured to increase NCUA insurance coverage, offering even greater protection for your funds (read the full “How Your Accounts are Federally Insured Brochure” by clicking HERE). SRI Federal Credit Union is built to last. Our foundation is strong, and our commitment to serving our members remains steadfast as we continue to grow and adapt in an evolving financial landscape. If you have any questions or would like to learn more, we invite you to join our annual meeting on Wednesday, March 19th at 12 noon. The event will take place at the SRI International building, with virtual attendance available via ZOOM. ZOOM Information: Thank you for your trust in SRI Federal Credit Union. We look forward to serving you for many years to come!
Click HERE for Zoom Meeting Link
Meeting ID: 898 9742 8345
Passcode: 4pb.N$&r
Kickstart Your Financial Goals for 2025 with SRI Federal Credit Union
The start of a new year is the perfect time to reflect, set goals, and take charge of your finances. At SRI Federal Credit Union, we’re here to help you achieve those goals with products and services designed to make your money work harder for you. Whether you’re saving for a big purchase, paying off debt, or building financial stability, we’ve got you covered. Ready to grow your savings faster? Our Core Savings Account offers an impressive 4.08% APYE* on the first $5,000 you deposit. That means your money earns more while staying easily accessible. Start building your safety net or saving for future plans with one of the best rates around. If paying down credit card debt is on your list of resolutions, our Visa Credit Card Balance Transfer Promotion is just what you need. Switch your balances, enjoy fewer monthly payments, and save on interest so you can get ahead financially in 2025. Whether you’re planning a major purchase or consolidating other debt, our Fixed-Rate Personal Loan offers an attractive 8.99%APR**. This flexible solution provides the funds you need with the predictability of a fixed monthly payment. At SRI Federal Credit Union, we’re more than just a financial institution—we’re your partner in success. Let’s work together to make your financial dreams a reality. Stop by one of our branches, explore our website, or give us a call to explore these offers and take the first step toward a stronger financial future. Make 2025 the year you take control of your finances—and we’ll be with you every step of the way! *APYE=Annual Percentage Yeild Earned. All Rates Are Subject To Change. **APR=Annual Percentage Rate.All Rates Are Subject To Change. ***Terms and conditions apply. Balance transfers must be from other financial institutions. A 3.99% balance transfer fee will apply at the time of the transfer. Internal balance transfers do not qualify. Introductory rates are subject to credit approval.Save More with Our Core Savings Account
Simplify Debt with Our Visa Balance Transfer Promotion
Affordable Borrowing with Our Fixed-Rate Personal Loan
Let’s Make 2025 Your Best Financial Year Yet
Honoring Martin Luther King Jr.: Financial Empowerment and the Credit Union Movement
As we honor the legacy of Dr. Martin Luther King Jr. this month, we’re reminded of his unwavering commitment to justice, equality, and the empowerment of communities. While Dr. King is most renowned for his leadership in the civil rights movement, his vision extended beyond social equality to include economic empowerment—a principle that aligns closely with the mission of credit unions like SRI Federal Credit Union. Dr. King understood that economic opportunity was a critical component of true equality. He often spoke about the importance of addressing systemic economic disparities and creating pathways for marginalized communities to achieve financial stability and independence. In his final years, Dr. King advocated for the Poor People’s Campaign, a movement focused on economic justice, fair housing, equitable wages, and access to financial resources. His vision resonates deeply with the philosophy of credit unions, which were founded on the principles of people helping people. Like Dr. King, credit unions seek to empower individuals and communities by providing equitable access to financial services, promoting financial literacy, and prioritizing the needs of members over profits. Credit unions play a key role in fostering economic inclusion, particularly for underserved populations. Through affordable loans, low fees, and community-driven initiatives, credit unions work to ensure everyone has access to the tools they need to build a brighter financial future. This mission is rooted in the same ideals that Dr. King championed—creating systems that uplift and support all members of society, especially those who have been historically excluded. At SRI Federal Credit Union, we carry this legacy forward by offering products and services that prioritize fairness and accessibility. From financial education resources to personalized loan options, we strive to empower our members to achieve their financial goals and build stronger communities. In honoring Dr. King’s legacy, we encourage our members to reflect on their own financial journeys and take steps toward greater financial empowerment. Whether it’s setting a budget, building an emergency fund, or exploring options for a small business loan, these actions can help create lasting economic stability—not just for individuals, but for entire communities. Dr. King’s dream was not just about civil rights—it was also about ensuring everyone had the opportunity to thrive. At SRI Federal Credit Union, we remain committed to advancing that dream by being a trusted financial partner for our members and a force for good in our community. This MLK Day, let’s honor his legacy by continuing to work toward economic justice and equality. Together, we can help build a future where everyone has access to the opportunities they need to succeed. “An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity.” – Martin Luther King Jr. Let’s carry forward this spirit of shared purpose, one step at a time.Dr. King’s Vision for Economic Justice
How Credit Unions Reflect Dr. King’s Legacy
Taking Action: Empowering Our Members
Join Us in Honoring Dr. King
New Year, New Financial Goals: Start 2025 with Confidence
As we step into 2025, it’s the perfect time to set new financial goals and take control of your future. At SRI Federal Credit Union, we’re here to support you every step of the way with products and services designed to help you save, grow, and manage your finances more effectively. Whether you’re looking to build a stronger savings habit, make home improvements, or lower your auto loan payments, we’ve got you covered! Let 2025 be the year you achieve your financial goals. Stop by a branch, apply online, or give us a call to learn more about how SRI Federal Credit Union can help you make this your most financially successful year yet. Together, let’s make your dreams a reality!
Give Yourself the Gift of Financial Flexibility This Holiday Season with Skip-A-Pay!
The holiday season is here—a time for joy, celebration, and giving. But with festive gatherings, gift shopping, and travel plans, the expenses can quickly pile up. At SRI Federal Credit Union, we want to make your holidays a little brighter by giving you the option to free up extra cash when you need it most with our Skip-A-Pay Program! What is Skip-A-Pay? How Does It Work? Check Eligibility: Your loan or Visa card must be current (not past due). What Loans Qualify? Why Choose Skip-A-Pay This Christmas? How to Get Started At SRI Federal Credit Union, we’re here to support you through every moment of the year. Whether you’re shopping for the perfect gift or making memories with family, Skip-A-Pay lets you focus on the joy of the holidays without the stress. Questions? Contact us at 650-800-5434 or lending@srifcu.org for more information. *Real Estate loans do not apply.
Skip-A-Pay is our way of helping you manage your budget during the holidays. It allows you to skip one payment every six months on most loans or Visa cards*, giving you extra breathing room to enjoy the magic of the season.
Participating in Skip-A-Pay is as easy as hanging up a stocking:
Complete the Form: Submit the Skip-A-Pay form—it’s quick and hassle-free!
Verification: A loan officer will contact you to verify your identification and confirm your new payment date.
Relax and Celebrate: Skip a payment and focus on what matters most this season—spending time with loved ones and spreading holiday cheer.
Best of all, there are no fees to participate, and you can skip one payment every six months. Keep in mind that interest will continue to accrue during the month the payment is skipped.
Most loans and Visa cards are eligible for Skip-A-Pay. Please note that real estate loans and HELOC’s are not eligible for this program.
This holiday season, treat yourself to the gift of financial flexibility. Click HERE to fill out our Skip-A-Payment loan form!
Buying a Car in December 2024: Why Financing with SRI Federal Credit Union is the Smart Move
December is one of the best months to purchase a car. Dealerships are eager to hit their year-end sales quotas, which means you can take advantage of deep discounts and special promotions. Whether you’re buying a used or new vehicle, this is the perfect time to find great deals. However, securing the right financing is just as important as finding the right car. That’s where SRI Federal Credit Union comes in. Why Buy a Car in December? While dealerships may offer tempting financing deals, credit union financing is often a smarter choice. Benefits of Financing Through SRI Federal Credit Union Ready to Start? Don’t let year-end deals pass you by. Take the first step toward owning your next car with affordable financing that puts you in the driver’s seat—literally! At SRI Federal Credit Union, we’re committed to driving your financial success forward. *APR=Annual Percentage Rate
Dealerships are motivated to clear out inventory to make room for next year’s models. This often leads to:
We offer some of the most competitive auto loan rates (currently 4.99% APR* for new or used through December 2024) in the market, ensuring you pay less over the life of your loan.
Choose a repayment plan that fits your budget, whether it’s short-term for quick payoff or longer-term for lower monthly payments.
Before stepping onto the lot, get pre-approved with us to know exactly what you can afford. Pre-approval also gives you more bargaining power with dealerships.
As a member of SRI Federal Credit Union, you’re not just another customer. We’re here to guide you through every step of the financing process with tailored advice and no-pressure service.
Unlike many dealership loans, our auto loans have transparent terms and no hidden costs plus, there is no markup on Gap or Micanical Breakdown insurance.
Financing your car through SRI Federal Credit Union is simple and straightforward. Follow these steps to drive away in your dream car:
Get Ready for the Holidays with Smart Savings!
As the holiday season approaches, it’s easy to get wrapped up in the festivities, from gift-giving to family gatherings and travel plans. While it’s a time to celebrate, these activities can quickly add up and put a strain on your wallet. At SRI Federal Credit Union, we’re here to help you prepare for a joyful, stress-free holiday season by planning and making the most of your budget. Here are some practical tips to keep your finances in check, so you can enjoy all the magic of the holidays without the financial hangover. Start by identifying how much you can comfortably spend during the holidays. Your budget should include expenses like gifts, food, decorations, travel, and any additional holiday events. Once you know what you can spend, you’ll be better prepared to avoid last-minute splurges. Did you know your SRI Federal Credit Union Core Savings Account can be a powerful tool to help you save for the holidays? Every member receives a Core Savings Account when they join SRIFCU, and as of November 1, 2024, it offers a highly competitive 4.08% APYE on the first $5,000. This high rate makes it an excellent option for setting aside funds for special expenses, like holiday gifts or travel. By depositing a little each month, you’ll have a tidy holiday fund ready when the season arrives—without putting a strain on your other finances. Sales events like Black Friday and Cyber Monday are popular times for holiday shopping, but deals can pop up any time. By shopping early, you can spread out your expenses, avoid the holiday rush, and snag the best prices. Don’t forget to check out member-only discounts that might be available to you through your credit union’s card benefits. Impulse buying can make holiday expenses balloon quickly. Make a list of who you plan to buy for, set a spending limit for each, and stick to it. Consider meaningful, personalized gifts that don’t break the bank. Or, if you’re feeling creative, homemade gifts can be both thoughtful and cost-effective. Credit cards can be a helpful tool for managing holiday expenses, especially if they come with rewards. With SRI Federal Credit Union’s Visa® Gold card, you can earn rewards on your purchases. But remember: plan to pay off your balance each month to avoid interest charges. This way, you can enjoy the benefits without carrying debt into the new year. Don’t have an SRIFCU Visa? Click HERE to read about our three Visa credit card options or click HERE to apply. If your holiday plans involve travel, booking ahead can often save you a substantial amount. Look for off-peak travel dates, set up fare alerts, and consider alternative accommodations to find the best prices. Many credit union cards, like our Visa options, offer travel perks and protections—check with us to see how they can support your holiday travel needs. Holiday expenses can sneak up, so make it a habit to track your spending. With SRI Federal Credit Union’s mobile app and online banking features, you can easily monitor your account and keep tabs on your holiday budget. Seeing where you are with your spending can help you make adjustments before it’s too late. If you need a little extra support to make your holidays extra festive, SRIFCU is here to help with a Special Holiday Rate Personal Loan at 8.99% APR, fixed! Our holiday loan can provide an affordable, flexible option to cover seasonal expenses, and with fixed monthly payments, you can keep your budget under control and avoid high-interest credit card debt. Apply HERE or reach out to us to see how this loan can help ease your holiday finances with manageable payments. Planning and saving for the holidays might seem like a lot of work now, but come January, you’ll be glad you took these steps. SRI Federal Credit Union is here to support you every step of the way with tools, tips, and personalized financial guidance. If you’re ready to make the most of your Core Savings Account, apply for a rewards card, or simply want advice on managing your finances this season, don’t hesitate to reach out to us. Let’s make this holiday season as joyful for your budget as it is for you!1. Set Your Holiday Budget Now
2. Use Your Core Savings Account to Save for Holiday Expenses
3. Shop Early and Take Advantage of Deals
4. Make a Gift List and Stick to It
5. Use Your Credit Card Wisely
6. Plan Your Travel in Advance
7. Keep Track of Your Spending
8. Consider an SRIFCU Personal Loan with a Special Holiday Rate
Enjoy a Financially Healthy Holiday Season!
Stay Spooky and Secure: Halloween Safety Tips to Protect Your Finances
1. Beware of Phishing Tricks
During Halloween, you might notice an increase in promotional emails and pop-up deals for costumes, treats, and haunted attractions. Be cautious of “too good to be true” offers, which could be phishing attempts designed to collect your personal or financial information. Look out for emails with poor grammar, misspelled URLs, or suspicious attachments. As a rule of thumb, never click on unsolicited links or enter your login details on websites unless you’re certain they’re legitimate.
Pro Tip: When in doubt, go directly to a retailer’s official website instead of clicking on email links. For added safety, SRIFCU provides fraud monitoring on all credit and debit cards. Contact us if you notice anything suspicious.
2. Watch Out for Skimmers at Haunted and Pop-Up Locations
The Halloween season brings with it many pop-up stores and temporary events like haunted houses and pumpkin patches. Be vigilant at these locations, as they can sometimes be targets for card skimming devices. Skimmers capture your card’s data, which can be used later for fraudulent charges.
Pro Tip: If you’re paying at an outdoor or temporary location, consider using a digital wallet or contactless payment, which reduces your exposure to skimmers. Many of our credit union cards support secure contactless payments for this very reason.
3. Secure Your Accounts with Strong Passwords and Alerts
Even though costumes change with each Halloween, one thing shouldn’t: your online security. Make sure your online banking account has a strong, unique password and set up alerts to notify you of any unusual activity.
Pro Tip: At SRIFCU, you can enable real-time alerts that notify you of any suspicious transactions or login attempts. It’s a simple way to stay informed and act quickly if anything looks out of place.
4. Be Wary of Social Media Scams and “Free” Halloween Deals
Social media is buzzing with Halloween-themed quizzes, costume contests, and freebies. However, some of these could be traps to steal personal information. Avoid sharing sensitive information or clicking on unfamiliar links, even if they appear to come from friends or trusted sources.
Pro Tip: If you’re unsure about the legitimacy of a deal or contest, visit the official website of the company offering it. Many reputable organizations post their contests and promotions there as well. Your credit union’s fraud team is also available to answer questions about suspicious activity.
5. Protect Your Kids’ and Family’s Data
If your kids are trick-or-treating or participating in Halloween events, ensure they’re only visiting safe and trusted locations. Additionally, many Halloween apps and games aimed at kids can request excessive permissions or data.
Pro Tip: Monitor what information is being shared through apps and encourage your family to avoid downloading unknown apps without checking reviews and privacy settings. As your credit union, we take your family’s privacy seriously and can offer tips on safe digital habits.
6. Keep Your Credit Card Contact Info Handy
Halloween can be hectic, and losing track of your credit or debit card while out and about can happen to anyone. If you do lose your card, report it immediately to prevent unauthorized use.
Pro Tip: Make a note of your credit union’s card contact information and have it saved on your phone. SRIFCU offers 24/7 support for lost or stolen cards, so you can be confident that we’re here to help when you need it.
This Halloween, let’s all take a little extra care to avoid the scams that can take the fun out of the season. For any questions about account security, fraud protection, or safe online banking tips, contact us at connect@srifcu.org Stay safe, stay spooky, and remember—your credit union is here to keep the financial “tricks” away!