SIU Credit Union Blog

Category: Financial Resources (page 1 of 5)

Protect Your Pet

 Have pets?  Here are some great tips from our friends at Veterinary Pet Insurance.

SIU Credit Union members are eligible for a 5% discount!  For more information visit VPI Pet Insurance or call 877-Pets-VPI.

Summer Dangers Infographic

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What Will EMV (Chip) Credit and Debit Cards Mean for You?

The U.S. is poised to upgrade its debit and credit card (payment card) security systems in an effort to fight skyrocketing fraud costs. And while federal regulations already protect you, as a consumer, from liability for most fraudulent transactions a crook could make using your account, when payment industry participants are hit by fraud, everyone’s costs increase.

cr-3446 Chip Card.indd
That’s why the U.S. industry plans to implement EMV (Europay, MasterCard, and Visa) cards, which contain computer chips that authorize or validate payment-card transactions. We’re the last developed country in the world to do so. Here’s how the change will affect you:

  • You’ll receive an EMV card with information about how it’s different, its enhanced security, and how to use it. This may happen when your current card expires or you might get a special reissue from SIU  Credit Union or other financial institution. Card issuers have discretion about whether they’ll require you to use a signature when making payments or to use a PIN (personal identification number).
  • The transaction process will be slightly different.  You’ll insert your EMV card in a POS (point-of-sale) terminal, wait for it to be authorized, and remove it. You’ll either sign a sales draft or key in your PIN to complete the transaction.
  • Other countries likely will stop accepting mag stripe cards after a certain date. You’ll need an EMV card when traveling abroad and international travelers in the U.S. will have the additional protection against counterfeit that EMV cards afford.
  • It’s possible that some merchants and card issuers may choose not to convert and will continue to use mag stripe technology for a time. Your card still will work at the point of sale and consumers will continue to be protected from fraud liability.

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Out on your own? Protect your stuff!

It’s been awhile since I have really gotten to write a more personal blog, but this is something I have had to encounter and I hope this is helpful to any of you “youngins”. 😉

This could be you. Only this isn't the '90's.

“Woohoo! We’re at college!”

I moved out older than most people — at 25. I did this because I was a.) too cheap, b.) never home anyway and that just did not make much sense to me, and c.) I went through a very tragic event and had too much anxiety to be alone. Enough of the sob story.

However, in May 2015, I found myself in a nice apartment in Murphysboro. It’s an older building, which is exactly what I was looking for. But, because it is an older building, the wiring is probably older, the roof wouldn’t hurt to be replaced, could use to be pin-tucked (a.k.a. some brickwork), and my appliances run on natural gas. I have a lot of stuff. A lot of expensive stuff.

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Online Banking Just Got Better

FB-4.0-Upgrade

We’ve officially gone live with your new online banking experience, and we couldn’t be more excited! Your new and improved online banking offers a modern design and is faster and easier to use. Here are a few of the improvements we’re most excited about:

  1. Enjoy a consistent look and feel across all your devices
  2. Easily find your most commonly used transactions, all on your new home page
  3. Simplify your life with faster, easier bill pay functionality
  4. Quickly find your most important data with improved search
  5. Find a convenient branch or ATM wherever you are with interactive maps
  6. Deposit checks with just a few clicks inside our mobile banking app

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SIU Credit Union Makes Green Energy Home Improvements Possible

Energy-efficient home improvements—ones that can save you real money each month on your utility bills—qualify for federal tax credits and other local incentives. SIU Credit Union can help make your home a little “greener.”

Federal tax credit

Reinstatement of tax credits for energy-efficient home improvements was part of the American Taxpayer Relief Act.

Congress made the tax credits retroactive, which means that improvements you made in 2012 and 2013 qualify. The program has a cap of $500 in total credits and the improvements must be made to your principal residence. To make sure that the product you’re purchasing qualifies for the energy credit, check the IRS website atirs.gov.

Tax credit vs. tax deduction

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Coming this spring: NEW Online Banking

Updates to our online banking are coming soon – you’re going to LOVE it!

Our all new online banking platform has a consistent look and feel across all devices, making it even easier for you to do what you need to do –even quicker! 

iPad2 Mockup

What’s New

With a consistent design across all your devices, banking anytime, anywhere has never been simpler. Here’s a quick preview of some of the exciting improvements we’ve made to create a more user-friendly and consistent experience for you.

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