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!


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: 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, 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 Freeze... Is it a Good Idea?
Q: What is a Credit Freeze?
A: A Credit Freeze is a block you can add to your consumer credit reports, which will prevent creditors from accessing your credit reports. Freezes must be placed at each of the Credit Bureaus individually and fees may be charged. (See more about fees below.)

Q: Why would I want to set up a Credit Freeze?
A: This is one way to help prevent anyone from opening fraudulent accounts using your personal information. The majority of creditors will need to access your credit report before finalizing an application for credit. 

Q: What problems can a Credit Freeze create?
A: A Credit Freeze will prevent ALL access to your credit report, even applications you submitted. If you are planning on applying for a loan, credit card, mortgage, or need your credit run for rent, insurance or anything else, this might not be a good option for you. If you need to remove a Freeze, you can, but it may cause a delay in your application process and could cost you in fees. (More about this below.) Removing a Freeze can take up to 3 days, according to the FTC, and that will delay the completion of your credit applications.

Q: How do I remove a Credit Freeze?
A: You can temporarily lift a Freeze or remove it permanently. You must request the removal with the individual credit bureau you want to unfreeze. Temporary lifts will be in effect for the time period you set and will unfreeze your report to ALL creditors trying to access your report during that time. The best practice is to make the temporary lift as short as possible, while still giving the creditor you authorized enough time to access your report. Check with individual creditors to see what their temporary lift guidelines are. (Fees may apply. See below.)

Q: If I don't want to UnFreeze my credit report, is there another way an authorized creditor get access to my report?
A: Yes. You can request a one-time PIN from the credit bureau, which you can provide to the creditor. They will then be able to access your credit report, but the report will remain frozen to everyone else. This is not an ideal option if you are shopping around for rates or need to apply for credit at multiple institutions. (Fees may apply. See below.)

Q: Will I have to Pay to Freeze or UnFreeze my credit report?
A: Charges and fees vary by Credit Bureau and State. For the majority of CJCU Members, who live in PA and NY, the answer is Yes, you will have to pay a fee. There are some exceptions for individuals who have been a victim of Identity Theft and for individuals meeting certain age requirements, but these also vary by Bureau and State. 

We have set up a chart of fees* which will apply to the majority of our members and links for other states can be found below.
credit freeze fee table New York and Pennsylvania credit union
Visit each reporting bureau to view their fees and start the Credit Freeze process:

* Fees listed in the chart are for informational purposes only and listed accurately to the best of our knowledge. CJCU is not responsible for changes in the fees assessed by any of the credit bureaus or states listed, or for inaccurate information provided to us by these sites.
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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