News & Events
Congress is contemplating to rewrite – May 24th, 2013
Credit unions promote the economic well being of their members, especially those of modest means, through a system that is member-owned, volunteer-directed and not-for-profit.
The credit union mission has always been to ensure secure financial choices at lower costs for their members. That’s why credit unions offer financial products that provide better returns on savings, reduced rates on loans and lower or no fees on services.
While credit unions are regulated by the federal and state governments, they are also governed by volunteer boards elected by their membership. Credit unions don’t answer to stockholders, but to each of their 96 million members.
Credit unions invest in people by helping those who have been traditionally underserved by banks. Groups like seniors on fixed incomes, single working moms, minority communities needing greater community investment, and small business owners struggling to raise capital all rely on credit unions for important financial services at reasonable costs.
While the big banks have abandoned small businesses in droves because they just can’t make enough money, credit unions promote their small business members in a struggling economy by providing low cost credit alternatives. This credit union investment means millions of jobs across America.
Unfortunately, the big banks and some in Congress want to raise taxes and impose new fees on 96 million credit union members who represent 40% of all Americans, yet represent only 6% of the assets in financial institutions. And, they want to do this despite the fact that credit unions are not-for-profit and meeting their core mission every day.
That’s wrong and will imperil the credit union movement that so many have come to depend on for real financial choice.
Don’t let Congress raise taxes on 96 million credit union members. Don’t let Congress eliminate real financial choice. Don’t let Congress destroy our credit unions
Text Scam Alert – April,2012
Area residents are receiving text messages telling them that their Debit or credit MasterCard has been deactivated. Some of the texts indicate the victims should call a local PA number to reactivate the card. The call is answered by an automated answering system identifying itself as “24-hour Card Activation Services.”
The entity is bogus. Callers are prompted to enter their credit/debit card number and then directed to enter their PIN and change it. If they comply, the victims usually discover that someone in California is checking their balance and making large cash withdrawals from their accounts, said police.
Please ignore the calls and texts. “They are fraudulent! This is a scam designed to get you to enter information for a valid credit or debit card
We want to reiterate, we do not use an unsecure channel to contact you regarding your account. No texting or email will ever come from the credit union. If we need to contact you regarding your account, we will only contact you by phone, in person, or through secure email in our online banking. A good practice – Never ever give out personal information in an unsecure channel such as text or email.
If you have any question ever, always contact us first.
M-C Federal Credit Union participated in the 2012 Junior Achievement Symposium at Bucknell University on May 15. 2012. Junior Achievement is an organization that helps young people to reach, meet and exceed their personal and professional …goals. At the Bucknell event, Kelly Litchard, Marketing Rep. and Janna Ward, Business Development Rep., of MCFCU met with young women from several different high schools in the area. Our role as facilitators and mentors was to help motivate, encourage and guide them toward future success in all aspects of life. Some of the activities included personality classification, team building, interviewing & dress, career exploration and personal finance. We ended our day with motivational speaker Harriet Turk. To find out more about the Junior Achievement Organization visit http://centralpa.ja.org/.
NCUA Alert – Phishing Scam
The National Credit Union Administration (NCUA) warns to be wary of recent e-mail phishing attempts that claim to be from the NCUA. The e-mail link in this scam directs members to a fake version of the NCUA homepage. In cases reported to NCUA, the perpetrators sent fraudulent e-mails out claiming to be the NCUA, to credit union members and the general public. The emails promise $50.00 for taking part in a survey. The link embedded in the message directs members to a counterfeit version of NCUA’s website with an illicit survey that solicits credit card account numbers and confidential personal information. NCUA has taken steps to shut this site down. Credit union members should remain alert to possible variations of the fraudulent e-mail.
The NCUA will never ask you, the credit union members, or the general public for personal information or personal account information for a survey. Any e-mail that alleges to be from NCUA and asks for account information is fraudulent. This should be treated as suspicious. Anyone who clicked on any of the e-mail links relating to this should consult with a computer security or anti-virus specialist to assess the need to re-install a clean image of the computer system.
If you have been affected by this scam, you should be advised to forward the entire e-mail message to firstname.lastname@example.org. Additionally, formal complaints concerning any suspected fraudulent e-mail can be filed with the Internet Fraud Complaint Center (IFCC) at www.ic3.gov The IFCC is a partnership between the Federal Bureau of Investigation and the National White Collar Crime Center.
Additional precautions to take:
- Scan affected computers using updated anti-virus software
- Enable automatic updates for anti-virus software
- Do not open unsolicited or unexpected e-mail attachments
- Do not follow Web links unsolicited e-mails
- Bookmark agency’s Web addresses
‘There is no bailout’
- CUNA President/CEO Bill Cheney discusses credit unions
Some Additional Key Points
Friday, March 29th
Monday, May 27th
Thursday, July 4th
Monday, Sept 2nd
Monday, October 14th
Monday, November 11th