Armstrong Associates Federal Credit Union

Protection for your AAFCU Visa

posted October 20, 2008
To help protect you from credit or debit card fraud, your credit union provides you with enhanced fraud protection. If your credit or debit card transaction appears to fall outside of your usual spending pattern, an alert is created. A fraud analyst or automated voice system will then contact you, using the contact numbers in our data system, to verify whether you authorized this transaction which does not fit your historical card spending behavior. Part of the verification will be to ask you to confirm the last 4 digits of your social security number on file.

If we are not successful in contacting you, a decision will be made on your behalf to block future transactions until you can be reached for confirmation. It is extremely important that we have your most up to date phone numbers. This is part of our ongoing efforts to provide you with the best protection available for your AAFCU credit/debit cards. On your next visit to our office, please confirm that the numbers we have on file are correct so that we can reach you quickly. If you receive a call of this nature and you have any concerns at all, please don't hesitate to call and talk with us about it.

Christmas Club

posted September 26, 2008
2008 Christmas Club funds will be automatically transferred to your share savings account effective October 1st. And deposits October 1st and after will be credited toward the 2009 Christmas Club.

Christmas Club accounts remain open, and any automatic transfers will remain in place. The dividend rate for 2009 Christmas Clubs has been set at 2.00% APR (annual percentage rate).

The annual Christmas Club ornament promotion begins November 15th.

Credit Unions have Federal Savings Insurance!

posted September 26, 2008
The money of virtually all credit union members is protected by federal insurance at their credit unions, the Credit Union National Association (CUNA) pointed out today – insurance coverage that is similar to that provided to banks by the Federal Deposit Insurance Corp. (FDIC).

CUNA President and CEO Dan Mica said, “...It’s important for the millions of credit union members across the nation – with billions of dollars saved in their credit unions – to know their money is as safe and sound as any deposits in federally insured banks.”

Virtually every credit union across the nation has federal deposit insurance. Just like FDIC insurance at banks, savings are insured to at least $250,000. The federal insurance safety net at credit unions is provided by the National Credit Union Administration (NCUA), a U.S. Government Agency. Additionally, the credit union insurance (just like the FDIC) is backed by the full faith and credit of the United States.

‘In fact, no one with their savings at a federally insured credit union has ever lost a dime of their savings,” Mica added.

For more about federal savings insurance at credit unions and to view a video clip from Dan Mica, see the “America’s Credit Unions” website at www.creditunion.coop.

To determine how much of your savings at your credit union is covered by federal insurance, visit the NCUA insurance calculator at http://webapps.ncua.gov/ins/.

MOOve Over!

posted July 22, 2008
Do you still have your checking account at another financial institution, or a credit card or loan with a high interest rate?

NOW is the perfect time to MOOve those accounts to your credit union and save some of your hard-earned money!

MOOve your checking account and get your first box of checks FREE!

MOOve your balance from other cards to an AAFCU Visa credit card and save money with our fixed 9.9% APR!

MOOve your loan to AAFCU and save money on your interest!

APR = Annual Percentage Rate. Not all applicants will qualify, other rates and terms are available. Rates are subject to change at any time by action of the Board of Directors. AAFCU offers the same rate for new or refinanced loans; current AAFCU loand not eligible for refinancing. No fees charged to transfer balances to AAFCU Visa credit card.

iBelong, you can too!

posted June 13, 2008
Pennsylvania credit unions have joined together to create a statewide marketing and advertising campaign to educate people about credit unions and everything we offer. The campaign began in mid-2007, and is scheduled to run through December 31, 2010. Watch and listen on WPXI, WTAE, HGTV, TLC, WDSY, WRRK, WLTJ and the Internet...just for starters! To see and hear the commercials, visit www.iBelong.org and call or visit AAFCU with any questions.