NEWS

Corry Jamestown Credit Union News              

Be sure to bookmark our News page! We’ll be updating this section with all the latest news and specials offered at the credit union. We love working with the community, and go to great lengths to give back to our loyal members!

Breaking News: EQUIFAX DATA BREACH

On July 29, 2017, Equifax discovered a breach in their data security, which could potentially impact millions of Americans. According to their website, most of the information obtained included names, social security numbers, birth dates, addresses, and driver’s license numbers. Approximately 209,000 individuals may also have had their credit card numbers compromised and another 182,000 may have had other personal data compromised. 

Equifax has created a dedicated website to learn more about the incident and continuing resolution process. This site is: https://www.equifaxsecurity2017.com/. Please use this VERIFIED LINK to ensure you are directed to the legitimate Equifax website and not a fraudulent site.

They are also offering FREE Credit Monitoring and ID Theft protection for 1 year to ALL US CONSUMERS, even if they do not believe your information was part of the data breach. The product is called TrustedID Premier and you must visit their Potential Impact page to check your impact level and enroll. Enrollment in this Free service will be open until November 21, 2017.

We also encourage everyone to request their Free Credit Reports at www.annualcreditreport.com, calling toll-free 1-877-322-8228, or mailing an Annual Credit Report Request Form to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA, 30348-5281. (Download form HERE. Also available in paper at our office.)

For more information on Protecting your identity and what to do if you find a fraudulent item, please visit our RESOURCES page.

Credit Union Hot Topic:

Same Day ACH DEBITS: Sept. 15, 2017
New regulations go into effect this September and will have a major impact on your Checking Accounts!
 
Q: What is an ACH DEBIT?
A: An ACH DEBIT is an electronic withdrawal from your checking account. These can be made in several ways including: using your account number and routing number directly, or converting a paper check to an electronic check using the account and routing numbers.

Q: How will this change affect my account?
A: Withdrawals will now process 3 times a day, instead of 1 time. This may cause withdrawals to come out of your account faster than you expect. Often, this will happen the same day you initiate the debit.

Q: What are the benefits of this new system?
A: This new system allows you to make same-day payments to companies, reducing the chance of getting a late fee or penalty. It also allows you to transfer funds into other accounts or to other people, without waiting until the next day for processing. This new system is also designed to reduce the number of "Holds" placed on accounts, which can be confusing to members who are checking their balances online or at the ATM.

Q: What issues should I watch for?
A: Because of the previous withdrawal delays, you may not be expecting the funds to leave your account so quickly. This can cause overdraft fees or items to be returned unpaid. It also means that you balance may change several times during the course of the day.

Q: What can I do about this new system?
A: Because this is a new Federal requirement, there is no way to stop the faster withdrawals from taking place. You CAN protect yourself, and your accounts, by keeping track of your purchases, payment due dates, and by being informed. 
Check at 5, end of day balance checks, corry credit union
ACH Debit Withdrawal Deadlines:*

8:30 am- Funds withdrawn for most recurring items, payments scheduled ahead of time, and same-day ach items scheduled after the previous cutoff time

1:00 pm- Funds withdrawn for same-day ach items scheduled after the previous cutoff time

5:00 pm- Funds withdrawn for same-day ach items scheduled after the previous cutoff time

* This schedule is for informational purposes only. Deadline times are the cut-off times for ach debits to be finalized by Financial Institutions. Debits may be withdrawn earlier than the cut-off times. Each processing company can impose their own cut-off times for accepting same-day payments. Please check with the company you are paying to see when your payment will process.
We offer a variety of resources to help manage your accounts, including:

Audio Response Teller phone system: 814-664-3500

Call us today for more information on Auto loans, Credit cards, Accounts and more!

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