SIU Credit Union Blog

Category: Financial Resources (page 1 of 6)

Thwart ATM Skimmers

Every year sophisticated thieves steal millions of dollars from consumers by “skimming” their personal account information. Skimming, sometimes called “card cloning,” involves a thief installing a magnetic card reader, or skimmer, over the actual card reader at an ATM or gas pump. 

When you swipe your card, the skimming device steals the information and transmits it to a remote computer. The typical ATM skimmer is a device smaller than a deck of cards that fits over the existing card reader.

Most of the time, the attackers will also place a hidden camera somewhere in the vicinity with a view of the number pad in order to record personal-identification-numbers. The camera may be in the card reader, mounted at the top of the ATM, or even just to the side inside a plastic case holding brochures. Some criminals may install a fake PIN pad over the actual keyboard to capture the PIN directly, bypassing the need for a camera.

Luckily, you can take steps to avoid becoming a victim: 

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SIU Credit Union is closed! What do I do?

As a person that is on the go a lot, I find myself having to use alternate ATMs or services that SIU Credit Union offers quite often. Here are a few things that I like to use when I’m out of the office that may be helpful to you, you wonderful person you!

Away from home, but near a fee-free ATM!

Away from home, but near a fee-free ATM!

Shared ATM Networks & Shared Branching

I didn’t really utilize the convenience of a surcharge-free ATM until I was traveling to Orange Beach, AL, last May.

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Make a deposit on your own time with our Mobile Banking App

Too busy to visit a branch during business hours? Deposit your check from the palm of your hand with our Mobile Banking App – anytime, anywhere. It’s free and easy!

Get Started

If you already have our mobile banking app downloaded, please make sure it’s updated. Updates are available through the App Store or Google Play.

Enroll for Mobile Deposit:

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Holiday Shopping 101

The official kickoff of the Holiday Shopping season, Black Friday, is almost here.  Black Friday is fast, furious, and sometimes dangerous. It’s dangerous because Black Friday is a day when stores give away great deals on certain things, but also try to trap you into buying full-priced items.

To buy what you want and still keep a few dollars in your pocket, here are a few things you should do:

Prepare for Black Friday

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How to Strike a Deal on a Used Car

You’ve found the car of your dreams, and it’s time to strike the deal. Dealers and some private sellers have a lot of experience negotiating, but you likely don’t. Arm yourself!

Before you negotiate:

  • Determine what a fair price for the vehicle might be: Look at used-car pricing guides such as Edmunds.com, Kelley Blue Book (kbb.com), and NADA (National Automobile Dealers Association) Appraisal Guides (nadaguides.com).
  • Have sufficient cash or make financing arrangements with SIU Credit Union ahead of time.  If you apply online today at siucu.org, you could get a rate as low as 1.99% APR for 60 months*.
  • Calculate how much you can afford based on your budget. Decide to walk out if the seller exceeds your limit.
  • Have an expert check out the car, even if you have to pay for an inspection. Organize your notes from:
    –     The expert
    –     Your test-drive
    –     The car’s history and maintenance.
  • Ask an experienced car owner to go with you.  Agree that if this person says you should leave, you leave.

    What else?

    –     Only agree to negotiate with a person with whom you feel comfortable;
    –     Look at it as a business transaction;
    –     Be prepared to spend at least an hour negotiating.

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SIU Credit Union to Host Free Social Security Seminar

Learn Strategies for Optimizing Social Security Benefits

Carbondale, IL – September 8, 2015  SIU Credit Union and Scott McClatchey, CFP® with SIU CU Investment Services will host a free seminar entitled, “Strategies for Optimizing Social Security Benefits”, in Carbondale on Tuesday, September 29 from 5:30 to 7 pm.

Social Security expert, Douglas Zweig from Allianz Life, will help you to understand Social Security benefits and how they’re computed.  Also learn about the 3 filing options and when to use them and show you where to go to optimize your specific situation.

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