PCCU Newsletter - September 2020

NCUSIF Insurance Conversion

As you may already know from our letter or email, PCCU is converting our deposit insurance from American Share Insurance (ASI) to the National Credit Union Share Insurance Fund (NCUSIF) on October 8th. While ASI has served PCCU members well for many years the Board of Directors felt it was time for a change. Several factors influenced the Board’s decision. One of these factors was the addition of a federal guaranty the NCUSIF includes. ASI…

How Much Difference Can a Refi Make?

People ask us, “How much difference can a refi really make?”. Sometimes we fall into our professional jargon, tossing out terms like escrows and points and other bits of mortgagese. But when you get past the rates and balloon-payments you can really improve peoples’ lives. Recently I got a note from our Home Loan Expert, Amy Clark. She had just closed a home loan refinance for Tom & Lori Smith*, a refi that had been…

COVID-19 Scams: Keep Your Money Safe

Scammers and fraudsters never seem to rest, and the COVID-19 pandemic has been no exception. They have used these extraordinary times to spin up new scams and retool well-worn scams with shiny new COVID-trappings, hoping to catch people unaware and scared. Fear is one of their best tools in getting consumers to hand over personal information like Social Security numbers (SSNs), account numbers, or even money. When people are already on edge with the pandemic…

Save to Winners!

Think saving money is boring? Not anymore, with Save to Win from PCCU saving is fun and exciting! When you open a Save to Win account with the minimum deposit of $25 you’ll earn a chance to win a cash prize from one of five different drawings. In fact, for every $25 you deposit over the course of a month* you get an entry into five drawings, the Multi-State Monthly and Quarterly drawings, the Indiana…

Banzai! Is Here For You

PCCU has partnered with Banzai! for years to help put financial literacy education courses and materials in the hands of local teachers and students. This partnership has helped teach kids in Wayne and Henry county schools about some of the basics like earning and saving money, making and sticking to financial priorities, and goal setting. All provided by Banzai! to them at no charge, paid for in full by PCCU. Now Banzai! has expanded the…