Written by Greg Smith on 3/10/2010 12:00:00 AM
Periodically I will be turning over MoneyChat to different people in the credit union who have a specific area of expertise. For this post topic on PSECU's recent trip to Washington, D.C., I've asked Nate Muniz, Public Relations Manager, to provide a synopsis of the Credit Union National Association (CUNA) Government Affairs Conference (GAC). Nate has a background in federal affairs and is responsible for monitoring legislation at the state and federal level. Here's his report:
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Written by Greg Smith on 3/3/2010 12:00:00 AM
You can handle virtually all your financial transactions using psecu@home®.
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Written by Greg Smith on 3/1/2010 12:00:00 AM
The Credit CARD Act of 2009 will affect any American who uses credit. The Act's intent is to put a stop to the abusive, anti-consumer credit card policies I've written and spoken about for a very long time.
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Written by Greg Smith on 2/22/2010 12:00:00 AM
No matter how you choose to do your taxes, just remember to get them done on time. April 15 will be here before you know it.
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Written by Greg Smith on 2/9/2010 12:00:00 AM
Recently, our ever-watchful Loss Prevention & Security department discovered that there are bogus PSECU advertisements on some of these counterfeit Web sites. By clicking on the ad, the person is taken to a site where malicious code may be downloaded to his or her computer without that person ever knowing it.
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Written by Greg Smith on 2/3/2010 12:00:00 AM
Congress has been busy enacting pro-consumer legislation, including the CARD Act of 2009. As a result of the CARD Act, you'll see new information on your Visa® statement beginning with the February statement which you'll receive in March. We'll keep you informed as the effective date for the changes draws nearer.
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Written by Greg Smith on 11/2/2009 12:00:00 AM
Not too long ago, PSECU sent an e-mail to members to ask for their support in opposing legislation that could result in PSECU losing a significant source of income – interchange fees. We rely heavily on this income because, as PSECU members know, we charge very few fees and have low loan rates. If interchange revenue is diminished, we might need to increase fees, increase our loan rates, or even discontinue some programs.
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Written by Greg Smith on 10/28/2009 12:00:00 AM
Some members have contacted us regarding a suspicious e-mail they've received that appears to be from the Federal Deposit Insurance Corporation (FDIC). The subject line of the e-mail warns the recipient to "check your Bank Deposit Insurance Coverage." This is a "phishing" attempt to secure personal and account information and should be deleted.
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Written by Greg Smith on 9/30/2009 12:00:00 AM
At PSECU, we work very hard to protect our members' money. Those members fall into two groups - borrowers and savers. Our goal is to balance those competing interests and provide benefits fairly to both groups. In an ideal world that would mean great rates to savers and great rates to borrowers.
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Written by Greg Smith on 8/11/2009 12:00:00 AM
In an April 28, 2009 post, I wrote about PSECU's financial health and how a decision made by our regulator would impact our bottom line. Legislation passed in May has modified that decision and affected our June financial statement.
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