Brighten the Holiday Season with Skip-a-Pay!

Santa Holding Stack of GiftsThe holidays will be here soon, along with the shopping, gift wrapping, and caroling!  Make things easier on your wallet this season by skipping a loan payment with IECU’s Skip-a-Pay.  Our program allows you to skip your regular monthly loan payment, keeping more cash in your pocket.

As a special gift to our members, IECU is offering a reduced Skip-a-Pay fee during the holiday season!  From November 1, 2014 to January 31, 2015, you will pay just $25 per skipped loan payment instead of the regular $35 fee!

Skip-a-Pay is available on loans with balances of up to $30,000, excluding Second Mortgages and Visa Credit Cards.  Depending on the current balance and status of your loan, you may skip up to two payments per year.  A completed Skip-a-Pay application is required, along with the fee for each skipped payment.  Applications are also availble in the IECU Offices, and may be submitted in person or by fax (email applications are not accepted).  When the Skip-a-Pay period is over, your payments will resume as usual per your loan agreement.  For addtional information about the terms and conditions of IECU’s Skip-a-Pay program, please contact one of our Loan Officers.

IECU’s Response to Data Breaches at Jimmy John’s, Other Retailers

IECU would like to share information concerning a data breach affecting the Jimmy John’s sandwich store chain. On September 25 we became aware of the data breach, which could compromise the sensitive debit and credit card information of Jimmy John’s customers. Approximately 216 Jimmy John’s locations are affected, including stores in Springfield. The breach began as early as June 16, 2014 and was contained by September 5. We will be carefully monitoring this situation and will provide new information as it becomes available.

IECU is also watching for new developments in two other significant data breaches:

  • Home Depot confirmed a data breach on September 8.  The breach may have started as early as April 2014 and was discovered in early September.  All Home Depot locations in the United States and Canada are affected.
  • The Supervalu grocery chain announced a breach on August 15.  This breach occurred between June 22 and July 17 of this year.  Potentially affected stores include the three Shop ‘n Save locations in Springfield.  Jewel-Osco stores may also be affected, as their parent company (Albertson’s) works with Supervalu.

We strongly advise members who may have shopped at any of the affected stores with their IECU debit or credit cards to closely monitor their accounts.  You can easily check your accounts at any time with It’s Me 247 Online Banking.  Review all transactions carefully, and contact us immediately if you suspect fraudulent activity.  In the event of suspicious activity, IECU will close an affected card and issue a new one.  We are here to serve you, and we are committed to protecting our members’ accounts.

Get a Better Deal on Your Auto Loan with IECU

Love your car but not your auto loan?  Now is the time to make a change and save!  IECU is pleased to offer the “Bring It and Save It” Refinance Special!  If your auto loan is financed with another lender, bring it to IECU and see how much we can help you save.  We have fantastic rates and terms up to 72 months, so you’ll get an affordable deal to suit your budget.  Best of all, you’ll make NO PAYMENTS for 60 days!

This offer lasts October 1 to November 15, so don’t wait – contact IECU today and start raking in the savings!

Please note:  Some restrictions apply.  Offer not available on existing IECU loans.  Rate based on credit score.  Must fall within IECU guidelines.

Looking for an ATM or Shared Branch? There’s an App for That!

For IECU members who are traveling or don’t live close to our offices, the CO-OP ATM and Shared Branch Networks provide convenient access to funds.  These networks offer access to thousands of ATM and credit union branch locations throughout the United States, as well as some international locations.  To make it easy to find an ATM or Shared Branch location, CO-OP offers two easy-to-use smartphone apps!  The CO-OP ATM Locator app and the CO-OP Shared Branch app are both free to download and are available for iPhone and Android devices.  Check the App Store (iPhone) or Google Play Store (Android) and see how easy it can be to find an ATM or Shared Branch location near you!

Six Flags St. Louis Tickets Available at IECU!

Get ready for some summertime fun!  Tickets for the 2014 season at Six Flags St. Louis are now on sale at Illinois Educators Credit Union!  We offer One Day General Admission tickets and Season Passes, both at discounted prices to save our members money.  One Day General Admission tickets are $40.13 each, and Season Passes are $59.66 each.

Please note:  One Day General Admission tickets sold at IECU are valid ONLY at Six Flags St. Louis.  They cannot be used at any other Six Flags location.  Members purchasing a Season Pass at IECU will receive a voucher and must visit Six Flags St. Louis to obtain their official Season Pass.  The Season Pass may then be used at other Six Flags locations.  Please visit the Six Flags website for park schedules and additional details for planning your visit.

 

New IECU Fee Schedule Effective March 1, 2014

In our Winter 2014 Newsletter released in January, Illinois Educators Credit Union members were notified of changes coming to the IECU fee schedule.  These changes will take effect on March 1, 2014.  The updated fee schedule may be viewed here, and you may also pick up a copy at either IECU Office.

Requesting Your Credit Report

Under the Fair and Accurate Credit Transactions Act (FACT Act), consumers have the right to obtain a free copy of their credit report once every 12 months from each of the three nationwide consumer credit reporting companies:  Equifax, TranUnion, and Experian.  These reporting agencies have created AnnualCreditReport.com, a centralized service for consumers to request their free credit reports.  The site offers a quick and secure way to request, view, and print your credit report.

IECU strongly encourages members to check their credit reports on a regular basis. Regular monitoring of your credit report will allow you to verify that all of the information is accurate and that all accounts in your name are rightfully yours.  If you discover any incorrect information or an account that you did not open, it’s important to notify the credit reporting companies as soon as possible.

You may choose to request your credit report from one reporting agency every few months, allowing you to check your report periodically throughout the year, or you may request all three reports at the same time.  Requesting a copy of your credit report will not negatively affect your credit score.

To request your credit report on AnnualCreditReport.com, you will be asked to provide your name, date of birth, Social Security Number, and address information.  You can then pick which report(s) you would like to request, and you will be able to review the information and print it for your records.  You may also request your credit report by phone or by mail.  Additional information can be found on AnnualCreditReport.com.

Be sure to access AnnualCreditReport.com by clicking on the link above, or type the address directly into your Internet browser to be certain you are on the right website.

First Mortgages Available at IECU

IECU is proud to bring our members the myCUmortgage program!  Members throughout the state of Illinois can apply for a mortgage from IECU.  Whether you are looking to buy a home or refinance an existing mortgage, we have affordable options to suit your needs.  The application process is easy:  contact an IECU Loan Officer and we’ll help you get started on the road to purchasing a home.  To speak with a Loan Officer or to schedule an appointment, please call (217) 528-2642.

Sign Up for Prewards and Get Instant Savings!

If you don’t already have an IECU Debit Card, here’s another great reason to get one!  Members can now sign up for the Prewards Program!  Prewards are digital coupons that give you instant savings from a variety of retail stores, restaurants, and other merchants, and you redeem them just by using your IECU Debit Card.  Here’s how it works:

  • Go to www.ileducatorscu.myprewards.com to sign up and register your IECU Debit Card.
  • Choose how you want to receive updates about available offers (text message and/or email).  Offers can also be viewed by logging on to the Online Dashboard.
  • Review the offers available to you.  Examples are $10 off a purchase of $50, or $5 off a purchase of $20.  The offers are designed by the merchants and are automatically applied to your Debit Card.
  • To redeem a merchant’s Preward offer, make a qualifying purchase and pay with your Debit Card.  The savings will be credited to your account and will appear on your IECU statement!

Prewards are a great way to save at places you already shop, so sign up today!  For additional information or questions, please contact IECU.

Shared Branches Available to IECU Members!

IECU is pleased to be part of the CO-OP Shared Branch Network, a nationwide network!  Shared branching allows our members to utilize the branches of other participating credit unions to conduct transactions on IECU accounts.  If you are unable to visit an IECU branch, you can instead locate a participating credit union to:

  • Make deposits and withdrawalsCOOP_SharedBranch-300x258
  • Make loan payments
  • Cash checks
  • Make transfers between accounts
  • Check your IECU account balances

The CO-OP Shared Branch network includes thousands of credit unions across the United States.  Shared branches provide a convenient, easy-to-access option for members who are traveling or those who do not live or work near an IECU branch.  When visiting a shared branch location, you will need to provide the name of your Credit Union, your IECU account number, and a valid photo ID.

Finding a shared branch location is easy!  Visit www.co-opsharedbranch.org, download the Shared Branch smartphone app, look for the Shared Branch logo, or call 800-919-2872.