The National Credit Union Administration has opened a call center and posted an electronic tool kit to help members and credit unions better understand the insurance protection NCUA provides for member accounts.
The NCUA Insurance Call Center, operating from 8 a.m. to 6:30 p.m. (EDT) Monday through Friday, has insurance experts available to answer questions about the coverage provided by NCUA share insurance. The toll-free Insurance Call Center number is 1-800-755-1030, extension 1.
The NCUA electronic tool kit, available online, contains a variety of useful information on share insurance coverage.
Westchester FCU is in the position to grant mortgages at competitive low rates to members who qualify. Despite the problems at other financial institutions concerning mortgage lending, the prudent management of credit union funds enables the Westchester FCU to continue offering mortgages and home equity loans to its members.
Westchester FCU Loan Officer Barbara Fireman attended a Green Energy Forum in Yorktown on September 18th to explain and discuss the NYSERDA Energy $mart Loan program to the contractors and home owners in attendance. Mrs. Fireman detailed how the loan process works and the potential savings these loans bring to those who make energy smart home improvements. Call Barbara Fireman if you are interested in this program.
The Allpoint network of ATMs has been recently increased to 35,000 machines with some of the locations being 7-11 stores. As you know, use of these machines is surcharge-free for members using their credit union debit card. Remember you can use the zip code locator on our web site to find the machines nearest to you.
American Express gift cards are now available at the credit union. Come in and save yourself some shopping time and get that someone a special gift that everyone appreciates. We have cards in $25, $50, and $100 denominations.
Online loans are coming soon! Members will be able to apply for loans online in October. The entire process will be able to be handled online and you will receive a $25 American Express gift card when you apply online and receive a loan.
Gap car insurance is now available! The Westchester FCU is now offering gap insurance. A gap car insurance policy insures you for the difference between what you owe on your car and what your insurance company says it is worth. This can be extremely important if your car is stolen or totaled. Call us for further details.
This day is dedicated to the celebration of credit union services. This year’s theme, It Belongs to Me, celebrates the economic democracy and equal ownership rights of each credit union member. At credit unions throughout the world, every customer is both a member AND an owner. Who owns your credit union? You do! As not-for-profit, democratically controlled, member-owned cooperatives, credit unions exist to serve their members. Take a moment on that day and tell someone about your credit union and how they can benefit by joining. Remember our community charter allows just about anyone to join and that you will receive ten dollars for every new member you bring into the credit union.
Don’t forget that the Westchester FCU is an approved lender for Energy $mart loans that offer homeowners a reduction on the loan rates for energy smart home improvements. If your improvement(s) meet the criteria and your loan is approved, you can receive up to a 6.5% rate reduction in the Con Edison service area. For more details call Barbara Fireman or go to the NYSERDA web site for more information.
Scholarships are available for high school seniors who are credit union members and will enter college in the Fall of 2009. Enrollment must be in a two or four year accredited college. Please contact us for more details and applications.