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P& C Employees Federal Credit Union
e-Newsletter

Spring 2007

Fall 2006 Newsletter

Spring 2006 Newsletter

Winter 2007 Newsletter

Fall 2005 Newsletter

From identity theft to credit card fraud, it seems there is always some sort of scam going on. We've talked previously about traveler check scams and now the National Credit Union Administration (NCUA) and the Credit Union National Association (CUNA) have posted recent detected scams on plain old CHECKS. Yes, the fake check scam is amongst us. Fake check scams can leave you holding the bag. The scammers often claim to be outside the U.S., saying they cannot pay you directly, and that they will have someone who owes them money send you a check or money order. The amount of the check or money order may be more than you are owed, so you are instructed to deposit it and wire the balance to the scammer or to someone else.

Many of these checks look so real that even we cannot tell the difference. There has even been a report from 10 credit unions claiming their official checks have been counterfeited. Anytime you receive a check you should verify funds with the financial institution it is drawn on. Do not use any of the money until you deposit the check and it clears, or you can go to that institution and cash it.

CAUTION: It is important to keep in mind that under the law, you are responsible for the checks and money orders you deposit because you are in the best position to determine how risky the transaction is. When a check or money order bounces, you owe your financial institution the money you withdrew.

For more information you can go to www.fraud.org or call the National Consumers League's National Fraud Hotline at (800) 876-7060.

We believe in helping our members receive the best of everything, including insurance. Last year, our credit union processed over $1,000,000 in automobile loans. We encourage you to protect your investment wisely. If you've settled for stripped-down service to save on rates, you may be missing a lot more than you realize. It pays to know the difference between apples and oranges. There is a local Allstate Insurance Agent in our community that can help. He can show you the difference a "full-service" agent can make with a FREE, NO-OBLIGATION auto insurance review. It saved me money and even gave me better coverage. Call Peter Herbert today at (315) 468-3254. Make sure you tell him that you are a P&C Employees Federal Credit Union member.

(Coverage and discounts are subject to availability and qualifications. Other terms, conditions and exclusions may apply.)

DIRECT DEPOSIT: The Safe and Easy Way to Simplify Your Life! Millions of Americans already know the many benefits of Direct Deposit. You should too. Direct Deposit of payroll checks and benefit payments is every bit as safe and reliable as traditional deposit methods. The Social Security Administration has used Direct Deposit since 1976.
QUICK: Your money is electronically transferred into your account and available to use the morning of the transfer date. No waiting for your check and having to drive to deposit it.
RELIABLE: Direct Deposit puts money in your account on time, every time. There's no check hold delays, nothing to get lost.
SAFE: At our federally insured credit union, deposits are insured to at least $100,000.
SECURE: Worries about lost, stolen or misplaced checks are a thing of the past with Direct Deposit.
And Direct Deposit is more confidential than paper payments because fewer people are involved in the process.
SIGN UP NOW, ASK US HOW AND WE'LL HELP!

STILL COMING SOON?

We're finally getting there. And if all goes well with NCUA approval, we'll be breaking ground by the end of May. Keep a look out for YOUR new credit union. Thank you for your patience.

Our new computer system is up and running. Thank you for your patience while we adjust to the new system. It's just another step to providing our membership superior service.

CORNER

Hey Kids, stop in to the branch with mom or dad and pick an Easter Egg out of our Easter Box and if you hit GOLD by finding a golden egg, we'll deposit $20 in your Kids Club account! If you don't have an account, we'll open one for you!!!