Updates: Important Data Breach Information

Illinois Educators Credit Union would like to share with our members information concerning a  data breach affecting the Home Depot retail chain.  On September 8, Home Depot and the U.S. Secret Service confirmed that the retailer was affected by a breach that could impact customers’ payment card information.  The breach is believed to have started as early as April 2014, and it was not discovered until September 2.  The breach affects all Home Depot locations in the United States and Canada.  IECU will continually monitor this situation and will share more information as it becomes available.

IECU is also watching for new developments in the investigation of the Supervalu grocery chain data breach, which was announced on August 15.  Supervalu, which owns Shop ‘n Save and other stores, suffered a breach in which customers’ credit and debit card information may have been stolen.  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 the Supervalu chain.

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 if you suspect fraudulent activity, please contact us immediately.  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.

The A+ Line of Credit Special is Here – Get Cash When You Need It!

August means that fall is just around the corner – it also means back-to-school shopping, school registration fees, and other expenses on top of the regular monthly bills.  Put some cash back in your wallet with IECU’s A+ Line of Credit Special!  You can get cash for your back-to-school needs and other expenses at a great low rate.  With a Line of Credit, you can draw cash whenever you need, for whatever you need.  Best of all, you’ll make no payments for 60 days!

This special is available August 1 to September 30, so don’t let our great deal pass you by!  Applications are accepted in person, online, or by phone at (217) 528-2642.  Contact IECU today!

Please note:  Offer applies to new Lines of Credit, or to existing LOCs with the addition of $500 or more in new money.  Rate based on credit score.  Must fall within IECU guidelines.  Other restrictions may apply.  Ask a Loan Officer for details. 

Get a Gold Star Deal with the Back to School Savings Event

EducationIt’s time to start buying notebooks, pencils, and backpacks – you can also pick up a great loan deal at IECU and head back to class in style!  With our Back to School Savings Event, you’ll get a fantastic deal for financing your new or used Auto, Motorcycle, RV, ATV, or Boat Loan.  You can book a new loan with IECU, or refinance your existing loan from another lender for great savings.  Best of all, you’ll make NO PAYMENTS for up to 90 days!

This offer expires on September 30, 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.  No payments for 90 days on loans up to $25,000.  No payments for 60 days on loans $25,000.01 and over.  Rate based on credit score.  Subject to IECU underwriting guidelines.

Sweep Your Loan Payments Aside with Skip-A-Pay

The back-to-school season often brings tight finances – free up some money with IECU’s Skip-A-Pay program! You can skip a regular monthly loan payment, taking some stress off your hands and putting cash back in your wallet.

Skip-a-Pay is available on loans with balances 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 a $35 fee for each skipped payment.  Applications are accepted in person or via 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 additional information about the terms and conditions of IECU’s Skip-a-Pay program, please contact a Loan Officer at (217) 528-2642!

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 Now Available to IECU Members!

IECU is proud to announce that we have joined Credit Union Service Centers, a nationwide shared branching 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 CU Service Centers participating credit union to:

  • Make deposits and withdrawals
  • Make loan payments
  • Cash Checks
  • Make transfers between accounts
  • Check your IECU account balances

The CU Service Centers 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, look for the CU Service Centers logo, or call 800-919-2872.