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

Newsletter

October 2024

Check Out Our Loan Rates

Click here to see our current Loan Specials

Click here to see our Vehicle Loan rates

Congratulations Credit Union Week Raffle Winners

Andrew Boyd                Brent Fuller

Padraic Connolly           Victor Russ

Harold Edwards            Rick Simonian

Veteran's Loan Discount

To honor those members who've served our country, we offer a 0.10%APR* discount on our regular loan rates throughout the year. To earn your discount, provide proof of U.S. military service at the time of application.

*APR=Annual Percentage Rate. Discount does not apply to loan special (ex: Holiday Loan, Tax Time Loan, and Back to School Loan) and loan discounts.

Attention Snow Birds

Don't forget to provide us with your temporary winter address so you'll receive your statements while you're away. To protect your privacy, we do not forward your member statements.

How To Avoid Buying An "Empty" Gift Card

If you're in the market for gift cards this holiday season, watch out for gift card scams and tampering.

You have a few options for safeguarding your gift card purchases. Using extra care when selecting gift cards from the store rack is one place to start. Try taking cards from the back of the rack, checking for tampered packaging, and requesting to remove the cards from their sleeves at the time of purchase to see if the PIN number has been scratched or cut off. Purchasing physical or virtual cards online from a trusted website can be another option, though even legitimate websites can be compromised by cyber attacks so care must be exercised online as well.

Another option is to buy gift cards from your Credit Union where you can gain instant access to these popular gifts. Gift cards are stored behind the counter where they're protected from tampering.

Credit Union issued Visa gift cards are also general use cards that give the recipient more shopping options. They also come with convenient features that give cardholders additional safeguards including:

  • The ability to track purchases online, making suspicious activity easier to spot.
  • Allowing cardholders to choose their PIN number when activating a gift card, which can frustrate scammers.

While scammers may be getting bolder and more sophisticated in how they drain gift cards, you don't have to rethink giving these popular gifts this holiday season. You can take these steps to protect yourself, including choosing options from a trusted source like your Credit Union.

Fraud Alerts & Credit Freezes: What's The Difference?

Looking for ways to protect your identity? Here are two options to consider.

1.) Fraud Alert:

  • Makes lenders verify your identity before granting new credit in your name. (Usually, they'll call you to verify your identity.)
  • Free.
  • Available to anyone who is or suspects they may be affected by identity theft.
  • Lasts one year.
  • To place: Contact one of the three credit bureaus. That bureau must tell the other two.

2.) Credit Freeze:

  • Restricts access to your credit report to help prevent identity theft. (Usually, you'll need a PIN or password to place or lift the freeze.)
  • Free.
  • Available to anyone.
  • Lasts until you lift it.
  • To place or lift: Contact all three credit bureaus. (If you know which bureau a lender will use, you can lift for only that one.)

Source: FTC

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.

 

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