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Chris Petro

Chris Petro
President/CEO
Reach Credit Union
650/361-7719

YOU KNOW we're here to do all we can to help you with your finances. Besides state-of-the-art banking…we hope to present you with ideas, advice, financial news and "should-do" solutions. A "blog" is a perfect way to do just that.

So here's ours!
We’ll post frequently, hoping you’ll check in regularly. We want your thoughts, questions, observations, too. Just eMail. We will ask your permission before ever publishing anything that is personal to you.

News & Notes

America Saves Week - Do You?

2/24/2015

Do you feel prepared for your long-term financial future? More than 65% of Americans don’t. America Saves Week, this February 23-28, is a great time to focus three simple yet important goals to reach a better financial future: Save money, reduce debt, and build wealth.  Follow these tips to kick-start your savings plans.  Tip #1: Set realistic goals As with New Year's Resolutions, it’s better to have specific, measurable, and incremental goals than a vague wish list. Prioritize your goals and break them up into smaller ones. For instance, if one of your long-term objectives
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What Do People Fear More Than Death?

1/26/2015

Interestingly enough, a majority of the population will tell you that they are not as scared of death as they are of living paycheck to paycheck or falling into debt!* Money fears touch on every one of our psychological needs: to love and be loved, to experience fun and enjoyment, and the desire to have freedom and some degree of power over our lives. Not all things we deal with in life hit all of these core psychological needs, but money does - so when money problems come up, we are forced to consider every aspect of our lives falling apart instead of just one or two. A recent GoBankingRate.com
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How to Use Credit Cards Wisely

12/18/2014

If used carefully, credit can be a helpful financial tool.  A credit card can come in handy in many situations: Handling costly emergencies, like unexpected home or auto repairs, or medical emergencies. Offering convenience, like renting a car, reserving a hotel room, buying airline tickets, or purchasing just about anything online. Eliminating the need to carry large amounts of cash when shopping or traveling. Despite all the advantages and conveniences credit cards provide, there are pitfalls you should be aware of that are not always obvious, like credit can be expensive. 
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Have your Black Friday game plan yet?

11/25/2014

Most of us already know Black Friday is the day after Thanksgiving but here's a trivia question for you... Do you know why it's called Black Friday? No, it's not because your husband would rather be at his own funeral than go out at 3am to stand in line at Target. The name Black Friday actually refers to this being the day of the year when retailers finally land in the black thanks to the frenzied shoppers looking for bargains as the holiday shopping season begins. It seems that every year stores open just a little earlier and the offers get just a bit more appealing. They are getting good...
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Coming REAL soon - New website

9/4/2014

It’s hard to believe it’s been over a year since your credit union transitioned from Tyco Federal Credit Union to Reach Federal Credit Union, in order to better reflect the status of our sponsors: ADT, Atkore, Covidien, Elo Touch Solutions, Mallinckrodt, Pentair, TE Connectivity and Tyco. While we made some changes to our website immediately, we’ve been hard at work overhauling the entire site and you will see the results VERY soon. Given heightened awareness about phishing and other attempts to create havoc on unsuspecting users, we thought we’d better warn you upfront that yes, it looks
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Passion for Financial Literacy

8/8/2014

Credit Union members Johnny and Bettye Price recently approached Reach Credit Union about their passion for financial literacy. Johnny is a 34 year employee at Pentair and the Prices, as long time Reach CU members, knew Reach CU, a non-profit financial cooperative, is committed to helping folks live better financial lives. Bettye serves as a volunteer on the Board of another non-profit, the San Francisco Delta Foundation, and has been instrumental in promoting financial literacy. They will be presenting a financial fortitude workshop series, with sessions designed for both teens and seniors
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Introducing Jill!

1/2/2015

As part of our continuing effort to bring the best high tech, high touch service to our member-owners and increase your financial security, we are upgrading our Fraud Detection and Notification System.  The new system will provide more immediate attention to notify you faster when fraud is suspected.  The notification portion of the system includes a state-of-the-art automated assistant to help you review transactions and confirm your spending activity on your Reach Credit Union Debit Card. If you receive a notification call from our automated assistant, nick-named Jill, please work
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10 Tips for Mobile Safety

7/18/2014

A guest post by our VP of Information Systems Steven Miller:  At Reach CU, the safety of your data, and your identity, is always on our minds.  Here are 10 tips on mobile safety, courtesy of Identity Theft 911 (IDT911.COM): Use strong passwords that have numbers, uppercase and lowercase letters, and symbols.   Create different user IDs and passwords for all financial accounts. Never use a Social Security number or other sensitive information as a user ID, PIN, or password. It can be used to gain access to accounts. Think before you reply.  Don’t respond
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National Retirement Planning Week

4/10/2014

This week is National Retirement Planning Week and a perfect time to take control of your retirement savings plan.  Throughout your lifetime, you have many opportunities to save for retirement but you can never start too soon!  Visit our Retirement Central microsite for practical Life Stage advice on what to do when you get married, start a family, or retire in order to secure your financial future.  You’ll also find guidance on what to do if you have a life changing event like finding yourself suddenly single or recently laid-off.  The site also has answers to Frequently Asked
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Make Sure the Return Out Weighs the Cost

7/18/2014

A guest post from Ann Lubeck-Brown..... Good news for homeowners embarking on remodeling projects!  For the second year in a row, cost versus value ratios are up for home remodeling and your chances of recovering higher returns on remodeling investments may well be worth the investment. According to an annual report from Remodeling Magazine in cooperation with Realtor® Magazine, the cost-value ratio for 2014 stands at 66.1%. That means you can expect to see an average of 61%  of your construction costs to be reflected in your home’s resale value. Curb appeal remains the
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