American First Credit Union Checking Account Program Provides Financial Education and a Second Chance

La Habra, Calif., July 13, 2007— American First Credit Union (AFCU) recently introduced its Second Chance Checking Account to give a second chance to consumers with a less-than-perfect checking account history. Members who have been reported to ChexSystems due to excessive overdrafts, negative balances or losses to a financial institution often find it challenging to open a new checking account. American First Credit Union is giving those people a chance to establish a new checking account, while providing them important tools to improve their financial history and learn how to better manage their finances.

            Members can participate in the checking account program, called the Second Chance Checking Account, by logging on to www.getinbalance.org and taking an online checking account management course. Upon completion, members submit the course letter of completion, pay a $25 processing fee and open their new AFCU checking account with a $50 minimum opening deposit. If the account remains in good standing for six months, it will automatically be converted to a regular credit union checking account. For members without internet access, the course can also be taken over the phone by calling 888-456-2227.

 “This program is an excellent way for us to educate the community about the importance of financial management and provide members a second chance to establish a solid financial record,” said Bob Street, American First Credit Union President/CEO.

American First Credit Union (AFCU) is a member-owned, full-service financial cooperative established in 1952. It has five convenient Orange County branches, located in La Habra, Buena Park, Placentia, Orange and Tustin. AFCU has over $656 million in assets and serves more than 75,000 members. Membership is open to anyone who lives, works, worships or attends school in Orange County or 16 additional cities throughout the Greater Los Angeles area. To determine credit union eligibility, visit www.amerfirst.org or call 800/290-1112.

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