Federal Credit Union
Membership of CoastHills Federal Credit Union is open to the people who live, worship, attend school or go to work
in the Central Coast community.
This includes San Luis Obispo and North Santa Barbara counties. Immediate family or a household member of a credit
union member is also eligible, as too are volunteers within the community and organizations of the eligible
members. CoastHills Federal Credit Union has eleven branches and 15 ATM locations. By partnering
with the CO-OP network members can use any ATM in that network nationwide.
Checking Accounts and Services
There are 3 main checking account types at CoastHills Federal Credit Union; Ready Checking, ReadyPlus Checking and
SuperReady Checking, each with specific benefits, based on account balance and management. ReadyPlus earns APY at
0.05% and SuperReady at 2% on balances up to $25,000. CoastHills ATM’s access are free for all accounts, and the
monthly service fee of $5 can be avoided if customers make 10 payments per month, using their debit card, deposit
at least $100 per month, move to paperless statements and maintain a valid e mail address. Other customers exempt
from fees are those under 25 or those who serve in the armed forces. Of special interest to those with bad credit
is CoastHills Federal Credit Union’s special checking account called 2nd Chance, aimed at those customers with poor
credit. It has a $10 monthly service fee, free overdraft protection on an approved line of credit, unlimited check
writing and the chance to convert to CoastHills other checking accounts after one year with no overdrawn fees.
CoastHills Federal Credit Union offers two Visa credit cards, the VISA® Classic which has an interest rate of 13%
APR, with no cash advance fee at CoastHills locations, no annual fee, no balance transfer fee, 25 days interest
grace period on purchases and low monthly minimum payment requirements. The other card offered is, the Platinum
Plus VISA with Rewards which has an interest rate of 8.25% APR, the same benefits as the classic, but, in addition,
offers a rewards program allowing customers to earn points towards gifts and travel. These rates are subject to
credit checks at the time of application and may vary. The best solution for customers with poor credit is to apply
for a CoastHills Federal Credit Union 2nd Chance checking account; run it for a year, and then apply for
an account with a debit card, then a Visa classic credit card a few months later, when they have shown they can
manage their finances sensibly.
Source: Credit Cards For People With Bad Credit Rating
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