Newsletter
June 2024
Check Out Our Loan Rates
Click here to see our current Loan Specials
Click here to see our Vehicle Loan rates
The Better Business Bureau Warns of These Top Scams
The top three scams are:
- Investment scams: fake investments including real estate, business ideas, and cryptocurrency, or just about anything to invest in.
- Employment scams: they pretend to offer you a job only to get your personal information or money.
- Online purchase scams: you purchase something online but never receive it or receive something different from what you ordered.
Other popular scams to be aware of include:
- Romance scams
- Credit repair/debt relief scams
- Home improvement scams
- Tech support scams
- Travel/vacation timeshare scams
- Advance fee scams
How can you protect yourself? Be super cautious about offers that sound too good to be true. Don't share personal information without knowing how it'll be used. Do your homework before investing money or accepting a job offer. This should be the norm whenever you are contacted by anyone asking for information or money. Trust your gut!
Youth Week: August 12th - 16th
Bring your children and teenagers to the Credit Union for Youth Week so they can learn the advantages of saving and belonging to a credit union. Children, step-children, and grandchildren of current members are eligible for membership.
Youth Week is the perfect time to open their account or to make a deposit into their existing account. There will be grab bags and a raffle for Credit Union members ages 18 and younger who deposit at least $5 into their existing account or $25 into a new* account. If you open an account for your newborn (up to their 1st birthday), we'll deposit $5 into their account.
Keep Your Accounts Active
Did you know that if your financial accounts are inactive for a specified period of time, the state requires the financial institution to send the funds to the state? In Pennsylvania, that time period is three years of inactivity. We encourage our members to do some kind of transaction with all of their financial institutions at least once per calendar year to prevent this from happening.
The Credit Union begins sending notices prior to this three year activity deadline to give our members time to re-activate their accounts so we can avoid sending the funds to the state.
Skip-A-Pay Anytime Of The Year
Qualifying borrowers can 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.
Start Your Warm Weather Fun!
Kennywood tickets for only $37.99, www.kennywood.com/promocode
Idlewild & Soak Zone tickets for only $35.99, www.idlewild.com/promocode
Sandcastle tickets for only $29.99, www.sandcastlewaterpark.com/promocode
Take the following steps to purchase discounted tickets:
- Visit the website
- Enter your "Good Any Day Admission" ticket quantity
- Enter code "ibew56fcu"* in the Promotional Code" box, click "Apply"
- Click "Continue" and complete the remaining steps to purchace your tickets
*Do not capitalize the characters in the promo code. Offers only valid at the purchase links above. Online offer only. Visit each parks' webpage for more information.
Share Certificate Special
- 3.97%APY*
- $1,000 Minimum Deposit
- $50,000 Maximum Deposit
- 24 Month Term
- Dvidend pays monthly into Regular Share Account
*APY = Annual Percentage Yield. Must be an IBEW Local 56 FCU member in good standing to take advantage of this offer. Offer may end at any time. Penalty imposed for early withdrawal. Fees may reduce earnings on the account. Certain restrictions apply. Federally insured by NCUA.
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.
