IBEW Local 56 Federal Credit Union was chartered in 1961 - Once A Member ... Always A Member


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October 2017

Check out our Holiday Loan and Home Equity Special Rates

Holiday Loan Special:  Rates as low as 4.99%APR
Home Equity Loans:  Rates as low as 2.99%APR
Mini-Mortgage Loans:  Rates as low as 2.49% APR

*APR = Annual Percentage Rate

Holiday Skip-A-Pay

To help our members get some extra cash, we are offering an opportunity to Skip-A-Payment on up to two of your loans.

Choose the loan(s) and the month that you want to skip - November, December, or January* - and we'll take care of the rest.  Applications are available at the credit union office and are subject to Credit Committee approval.

*There is a $25 processing fee per loan skipped.  Offer is not available on Home Equity, Mini-Mortgage, and Signature Line of Credit Loans, and Holiday/Tax Time/Back to School Special Loans.  Loans must have originated 6 months prior to be eligible.  If recent data shows that you have been delinquent on the requested loan(s), we reserve the right to deny your application to Skip-A-Payment.  Loan interest will accrue and the maturity date of all loans affected by the program will be extended.

Debit Card Daily Limits

With the holiday shopping season just around the corner, we wanted to remind you of our debit card daily limits.

ATM Limit:  $250.00 per day

Purchases/Point of Sale (POS) Limit:  $500.00 per day

We understand that you may occasionally need to purchse more than $500.00 per day.  We can temporarily increase your daily limit in order to accommodate you.  Call the credit union offcie at 814-455-2270 prior to shopping and we will temporarily change your limit accordingly.

Please realize that these limits are necessary to limit fraud and exposure to losses.

Simplify Your Search For Health Care

As a credit union member, find affordable health insurance with the TruStage Health Insurance Program.

Credit union members have access to experts and tools to help them understand the health laws and to find the best value.  With TruState Health Insurance Program and GoHealth, make the right decisions with confidence and ease.  Open enrollment begins on November 1st.  Enroll online at TruStageHealth.com or by calling 1-888-416-2166.

The TruStage Health Insurance Program is made available through TruStage Insurance Agency, LLC & GoHealth LLC.  GoHealth LLC is licensed to sell nationwide & operates in all sttaes with the exception of Massachusetts, Vermont & Rhode Island.

Equifax Data Breach

As you may have heard, Equifax, one of the larger credit reporting companies, has reported a data breach that could affect millions of U.S. consumers.  To determine whether or not your data was affected, you can visit Equifax's dedicated site https://www.equifaxsecurity2017.com.  They have also set up a dedicated call center at 866-447-7559 to answer any questions.

If you were impacted by this breach or if you just want to be cautious, following are some ways to help protect yourself:

  • Place a Fraud Alert on your credit file
  • Place a Freeze on your credit report
  • Monitor your credit union/bank accounts and credit card statements for fraudulent activity
  • Beware of "phishig" emails claiming to be from Equifax or any other service offering credit monitoring

We highly recommend that you review your credit reports whether or not you suspect fraud just to monitor your credit activity.  You can access your credit report for free at:  annualcreditreport.com.

Looking for That Perfect Gift?

How about a CU-Money Visa Gift Card?  The perfect gift for the holidays, weddings, showers, birthdays, or any gift giving occasion!  Cards can be used at any merchant that accepts Visa debit cards.  There is a $2.50 activation fee and cards can be loaded in any amount from $10 - $1,000.

Visa Purchase Alerts

We highly recommend that our Debit Cardholders sign up to receive email alerts when they use their Visa Debit Card* for purchases.  These alerts help provide security by allowing members to identify potentially fraudulent activity and they provide a means for members to track spending.

Sign up by logging into:

Follow these steps to enroll:

  • Check eligibility by entering the first nine digits of your debit card.
  • Creat an account.
  • Register your email address.  A verification email with a code will be sent to your email address.  Enter that code to confirm your email address.
  • Choose which of the following three alerts you would like to enroll in:
  1. purchases reaching a certain dollar amount
  2. international purchases
  3. purchases made on the internet

*A qualified transaction is any transaction routed through Visa.

Banking at Your Leisure

Do you want the opportunity to look up account balances and account activity, as well as to do transfers between your Credit Union Accounts at your convenience?  If so, then Home Banking is for you!  Contact the Credit Union office for the required form to sign up for this convenient service.

You can now get your monthly and quarterly statements online.  When you log into your home banking account, click on the "Statements" tab to sign up for E-Statements.

Family Membership

Did you know that your family members and members of your household (persons living under your roof) are eligible to join your Credit Union?  To join, they need a current photo ID (unless they're a child), social secuirty number, a $25 share deposit, and a .25¢ membership fee.

Family Members include your:

Spouse          Children          Stepchildren          Grandchildren

Parents          Stepparents    Grandparents          Brothers & Sisters

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