Newsletter

EXTRA!! EXTRA!!

We gave a 25% bonus dividend on total interest you earned for the year = $10,100.49 AND returned 5% of interest paid on loans in good standing, excluding HELOCs, = $15,608.55…
Drum roll please!

Grand total was $25,709.44 returned to you,our loyal CFCU family members
NEW CD ROLL OVER RATES!

We raised our Share Certificate APY**
rate to 0.702%
Stop in and set up a CD to take advantage of this opportunity! Members with a current CD will see this take affect at their next roll over.
**The APY is accurate as of December 12, 2017. Minimum $1000.00
must remain on deposit for one year to earn advertised APY. An early
withdrawal penalty may be imposed on the share certificate.

CFCU SAVE THE DATE
annual dinner -meeting will be held on Friday, April 20, 2018 at the Wysox Fire Hall. After the short meeting, prizes of gift cards are awarded.
DIVIDEND RATES ON SHARE ACCOUNTS

The following dividend rates and *Annual Percentage Yield for the 4th Quarter of 2017 will be paid on all share balances of $100.00 or more:
Share Bal. *Rate/APY
$100-$9,999.99 0.25%
$10,000+ 0.50%
Dividends were posted to the share accounts on December 31, 2017. Contact the credit union office for more information about fees and terms applicable to the accounts.
Helpful Hints: CFCU MasterCard and ACH transactions from your Checking Account
1. Debit and credit transactions are processed differently: Here’s how MasterCard explained it “When you use a debit card and your PIN, the transaction is completed in real time, also known as an online transaction — you authorize the purchase with your PIN and the money is immediately transferred from your bank account to the merchant. With a credit card, or using a debit card as credit, it’s an offline transaction. The funds for offline transactions are deducted after the merchant settles the purchase with the credit card processor and typically take 2-3 days to be reflected in your account balance.”
2. Entering your PIN at the gas pump can mean that the company holds over $70 of your money until your actual transaction amount posts to your account (usually a day or 2). If you use your card as a credit, they only put $1.00 on hold (HOWEVER…you do have to keep track of the actual amount you spent so that you don’t overdraft your account)
3. Paying monthly bills should be one through the ACH system (with our routing number and your account number- located on your checks or we can provide you with this Information) as this gives you options to return the item or top payment. Paying with your debit card eliminates the ability to reject or stop the transactions.
4. Shopping on-line, the safer option is to set up a PayPal account using your checking account info NOT your debit card. According to its website, PayPal is the more secure way to shop online because the seller never sees your account numbers or credit card numbers. The data is encrypted for extra protection against fraud and identity theft.
PROTECT YOURSELF AND LOVED ONES FROM PHONE SCAMSHere are a few red flags to help you spot telemarketing scams. If you hear a line that sounds like this, say “no, thank you,” hang up, and if calls continue, file a complaint with the FTC at www.ftc.gov/complaint:
● you’ve been specially selected (for this offer).
● you’ll get a free bonus if you buy our product.
● you’ve won one of five valuable prizes.
● you’ve won big money in a foreign lottery.
● you have to make up your mind right away.
● you don’t need to check our company with anyone.
● we’ll just put the shipping and handling charges on your credit card.
● you trust me, right?
● this investment is low risk and provides a higher return than you can get anywhere else.
●No one from the Microsoft/Apple will ever call you to update your virus protection! And they won’t pressure you to pay for it over the phone.

NEVER give your account numbers or social security number to anyone over the phone that has called you! Companies you already do business with should already have it on file and should only need confirmation with the last couple of numbers. This may sound like common sense but phone scammers are getting craftier. If you are ever unsure HANG UP — it’s likely a scam. Hang up and report it to the Federal Trade Commission at ftc.gov/complaint.
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