Newsletter

December 2024

Check Out Our Loan Rates

Click here to see our Home Equity Loan Specials

Click here to see our Vehicle Loan rates

4th Quarter Dividend Bonus!

The Board of Directors would like to take this opportunity to express their gratitude to the members of the IBEW Local 56 FCU for their loyalty and support of the Credit Union.

To show our appreciation, we are pleased to announce the Credit Union paid an additional 1.0%APY bonus dividend on all Regular, Vacation, Holiday, Investment, and Christmas Share Accounts; on Share Draft Accounts; on Traditional, Roth, and Beneficiary IRA Accounts; and on Coverdell Education Savings Accounts that have had a minimum balance of $25.00 during the 4th quarter of 2024. The 1.0%APY was added to our current dividend rates for the quarter.

Once again, we would like to thank all of our members and we hope that you will continue utilizing and supporting the IBEW Local 56 FCU in 2025.

Skip-A-Pay

If the holiday season left you short on funds, take advantage of the opportunity to skip* one payment on up to two loans during the calendar year. Application and fee must be received at least 14 days prior to the loan due date.

*There is a $25 processing fee per loan skipped. Offer is not available on Home Equity, Mini-Mortgage, Signature Line of Credit, and Special Loans-Holiday, Tax Time, & Back to School. Loans must have originated 6 months prior to be eligible. The maximum number of Skip-A-Pays permitted per loan is four. If recent data shows delinquency 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 will be extended one month.

Unplanned Office Closings

Due to the recent weather related closings caused by "snowmageddon", we are taking this opportunity to review our office closing notification process.

All unplanned closings due to weather, power outages, etc. will be posted on the home page of our website and an email will be sent notifying members of the closing or change in office hours. Our outgoing phone message will be changed depending on whether or not we can contact our phone vendor. If you leave a phone message and no one returns your call within a short time period, please check our website for a closure.

We will contact the local TV stations with weather related closings as well.

We Want To Keep in Touch

Remember to contact the Credit Union when you move, change your phone number or email address.

It's important for us to have your correct contact information so we can get ahold of you regarding your account and to ensure your privacy.

Card Use Best Practices

Online Transactions:

• Be wary of new websites. Check for reviews from trusted sources and look up if any complaints have been made about the site.
• Be wary of online offers that seem too-good-to-be true even from familiar vendors because these might be from fake copycat websites or the result of a breach.
• Use only secure internet connections rather than public Wi-Fi when shopping online.
• Make sure personal firewall protection software is up to date.

In-person Transactions:

• Choose ATMs or gas pumps at well-lit locations and close to buildings, which are less likely to be compromised.
• Cover keypads while inputting PIN numbers and don't keep a written PIN number that could be lost or stolen.

Watching Out For Fraud:

• The IBEW Local 56 FCU and other financial institutions will never request details like a full card number, social security number, PIN, one-time passcode, or two-factor authentication code. Also, do not share online banking credentials with anyone.
• Monitor transactions regularly online to catch fraud ASAP.

Debit Card Reminders

24/7 Lost or Stolen Debit Card Contact Number: 800-543-5073

If you need to purchase more than your daily limit, we can temporarily increase your limit. Before you shop, contact the Credit Union office at 814-455-2270.

Online Banking & Bill Pay

We encourage our members to sign up for Online Banking (click the box on our home page).  It's an easy way to keep an eye on direct deposits and automatic payments, to transfer funds from one sub-account to another, to look up copies of paid checks, and to transfer credit union loan payments.  Sign up for E-Statements and view your statement online the beginning of the month or quarter.

If you have a share draft (checking) account, you can sign up for our Bill Pay service.  Schedule your payments from the credit union's website and eliminate the need for checks, stamps, and trips to the post office.  We have two Bill Pay options to choose from to fit your needs.  Click here to see the options.

Contact the credit union office at 814-455-2270 if you have questions regarding these or any other services.