||Are adequate safeguards provided?
As in all Federal Credit Unions, ours is under the
supervision of the National Credit Union Administration
(NCUA), and is examined at least once a year by the
One comprehensive annual audit is performed by the
Supervisory Commitee or an outside auditor. A copy of
this annual audit is submitted to the National Credit
A fidelity bond is provided to protect the assets of the
Credit Union. This bond provides protection against all
general losses resulting from the embezzlement,
defalcation, forgery, robbery, burglary and other loss
The Credit Union also carries liability insurance to
protect against injuries, etc. on the premises of the
All funds are insured to at least $250,000 and backed by
the full faith and credit of the United States
Government. We are federally insured by NCUA.
The Credit Union uses firewalls and other security
software to monitor our network 24 hours a day, 7 days a
week. We use the latest virus scanning technology to scan
all outgoing messages and files available for download
for viruses. In the event of a security breach, we will
notify authorities and members as required by law.
can savings be withdrawn?
Savings may be withdrawn by telephone request or personal
request Monday through Friday. Withdrawal requests are
taken from 8:30 a.m. to 3:30 p.m. Monday through Friday
and may be picked up after 10:00 a.m. on these days.
Telephone withdrawals made after 3:30 p.m. will be
processed the next business day.
Audio Response withdrawals are done daily, Monday through
Friday, the same as if you called our office, and are
available for pickup at our Grant Street Office.
Third party wire transfers must be called in prior to
noon to have funds transferred the same day. Withdrawals
may also be received by mail and the Credit Union will
mail out checks at your request. No checks will be left
with the guards or sent through company mail. Minimum
withdrawal amount is $25.00 and only one share withdrawal
per week, as this is a savings account.
Links to other web sites found here
are provided to assist in locating information. The mere
fact that there is a link between this web site and
another does not constitue a product or program
endorsement by the CU or any of our employees. We have no
responsiblity for the content of the web sites found at
these links, or beyond and do not attest to the accuracy
or propriety of any information located there.
collected from E-mails:
Do not send emails with sensitive information such as: Account numbers, debit card numbers, or your full Social Security number. When you send us personally
identifying information, for example, in an electronic
mail message containing a question or comment, we use
this information to respond to your request. We do not
create individual profiles with the information you
provide. We won't give, sell or transfer personal
information to third parties, unless required by law.
Never disclose personal information
to anyone unless you initiated the transaction or
Shred all unwanted mail solitations;
Review all debit and credit card statements upon receipt
for unauthorized transactions;
Keep all personal information secure;
Type Web sites directly into your Web browser;
Memorize strong passwords, eight characters long with one
number and a symbol;
Never disclose a password;
Change your passwords every few months;
Log out of web sites and close your browser;
Use personal firewalls, antivirus and antispyware
software programs and update them on a regular basis;
Regularly update your operating system and web browser
using the auto update feature;
Do close windows containing pop-up ads or unexpected
warnings by clicking on the "X" button in the
uppermost right hand corner of that window, not by
clicking within the window;
Perform regular backups of important data;
Report suspicious or unauthorized transactions
immediately for prevent further fraud.
||How are deposits
and payments made?
1. By Payroll Deductions, Direct Depsits,
over-the-counter deposits and through the mail
2. If checks are sent through the U.S. mail, please list
account number and amount desired deposited to shares and
loans. One check may be sent to cover deposits to shares
and payments on all loans. Please specify how you wish
money to be distributed. If you wish to have a receipt,
please enclose a self-addressed, stamped envelope.
3.Deposits/payments received by 3:00 p.m. are posted
daily upon receipt. Deposits/payments received after 3:00
p.m are posted the next business day.
Must a member
agree to save each payday?
Yes, and the Credit Union certainly encourages one to do
so. Small regular amounts add up faster than occasional
large amounts. How regularly you save is more important
than how much you save, although we ask that you save a
minimum of $5.00 a week or $20.00 a month, depending on
your pay period. The break-even point on a share account
is $100.00 and the Credit Union asks each member to
maintain such a balance.
more than one type of savings account?
Yes. There are six types of savings
available to the member. They may have all six at the
same time. These savings are: the Regular Share Account,
the Christmas Club, the Special Club, the Family Member,
Certificate and IRAs. Dividends are earned on an average
daily balance. All types of savings accounts have the
dividend posted quarterly. Please check with the office
staff for current rates.
Change in Terms: Expedited Funds Availability Act (Regulation CC)
The Federal Reserve has recently restructured the check-processing operations within the Federal Reserve System. Effective February 27, 2010, there will only be a single check processing region, which will result in checks no longer being considered non-local for purposes of Regulation CC. A single check-processing region will subject some checks to faster funds availability schedules.
What This Means For You
As a result of these changes, all references to non-local checks as well as time periods related to non-local check deposits in your funds availability disclosures are no longer effective. Instead, checks that were once considered non-local and subject to longer hold times will now be considered local and subject to faster availability. Based on the current policy, the first $200 from a deposit of local checks will be available on the first business day after the day of your deposit. The remaining funds will be available on the second business day after the day of your deposit. Please refer to your funds availability disclosure for deposits made at nonproprietary ATMs.
If you have any questions, please contact our office at 412-227-7210.
Federal Credit Union
635 Grant Street
Pittsburgh, PA 15219
Fax: (412) 227-7212