Eaton Family Credit Union News

Debit Card: Suze Orman vs. Eaton Family Credit Union

noreply@blogger.com (Eaton Family Credit Union) — Mon, 09 Jan 2012 16:11:00 +0000

We really like Suze Orman. We're in agreement with her about making informed decisions, setting up emergency fund accounts and the value of using credit unions.

We differ when it comes to The Approved Prepaid MasterCard® which she has "created from the ground up."

Here is a comparison between Suze's card and Eaton Family Credit Union's FREE checking with Debit MasterCard:

Suze = $3.00 per month or $36 annually.
EFCU = no annual fee.

Convenience

Suze = debit card or ATM.
EFCU = debit card, ATM, EFCU branches, credit union shared branch partners and paper check options.

Credit Score Monitoring and ID Theft Protection

Suze = TransUnion credit score monitoring TrustedID protection included.
EFCU = $2.50 per month - click here for more details on our ID Theft protection and we encourage you to check your THREE credit reports annually for free at AnnualCreditReport.com.

Insured

Suze = FDIC Insured to $250,000 (she is working with a bank).
EFCU = Insured to $500,000 with $250,000 NCUA federal insurance plus an additional $250,000 ESI private insurance.

Account Balance

Suze = text alerts, automated telephone system and customer service - One FREE call per calendar month; $2.00 per call thereafter.
EFCU = no charge online, mobile, MATT TouchTone Teller plus live help during business hours in our branches and 24/7 through the member center.

Online Bill Pay

Suze = free.
EFCU = our Webster Bill Pay is free plus you're able to pay others via ZashPay and transfer funds in/out.

We know that prepaid debit cards are NOT exactly the same as a full-fledged checking account but we do want you to be an informed consumer. Check out Suze's fees and compare them to our fees.

Click here to view a New York Times article by Ron Lieber called, "TV Adviser on Money Offers Card." As Mr. Lieber points out, we feel that privacy advocates should take notice that Suze has cut a deal for "TransUnion to collect spending data from Approved card customers."

Click here to view a Forbes article on Personal Fiance called, "Does Suze Orman's Prepaid Card Live Up to its Namesake?" The Approved Card is compared to other popular prepaid debit cards including Green Dot and American Express.

Click here to view an article from the blog GetRichSlowly called, "Does Suze Orman's Prepaid Debit Card Make Sense for You?" Sarah Gilbert does a nice job of summarizing the industry and gives Suze a thumbs up with some caveats.

Click here to view an article from American Banker called, "Why Do Prepaid Debit Cards Have Such a Bad Rap?" Jennifer Tescher states, "The criticism about the Approved Card is largely focused on two issues — fees, and whether Orman can be trusted."

Holiday Cheer For Notthingham Home Residents

noreply@blogger.com (Eaton Family Credit Union) — Thu, 22 Dec 2011 13:50:00 +0000

Eaton Family Credit Union offered up holiday cheer to residents of Nottingham Home in Cleveland with gifts from Santa, holiday singing and a pizza party. The event is a highlight of the holiday season for everyone.

Nottingham is a large, accommodating home that has been renovated to address the special needs of older residents. This program is part of an ongoing effort to create a continuum of opportunities for people with developmental disabilities to encourage integration into the community.

Click here or go to EatonFamilyCU.com/Charitable.php for pictures and learn more.

FICO Score Explained

noreply@blogger.com (Eaton Family Credit Union) — Sat, 10 Dec 2011 17:42:00 +0000

We are continuing to add information on credit scores to this post.

Click here to read "What happens to your credit score when a card gets closed?" by Theresa Dixon Murray of The Cleveland Plain Dealer from December 9, 2011.

Ms. Murray responds to the question: What happens when the card issuer closes out the card due to inactivity? How does that impact your score?

The definition of a FICO Score from Barry Paperno, Consumer Affairs Manager, myFICO.com

A FICO score is a three-digit number between 300 and 850 that summarizes a person's credit risk based on their credit report at a particular point in time.
The number tells a prospective lender how likely someone will pay on time, with higher scores indicating lower risk and with lower scores indicating higher risk.
What the score looks at on a credit report is how the person pays, how much he or she owes, how long they have credit, to what extent any new credit has been taken on and the different types of credit experience they've had.
Information the score doesn't look at on a credit report includes marital status, gender (and) race. It doesn't even look at the name or address, so the location has no bearing on it.
Another thing it doesn't look at that is commonly misunderstood: It does not look at income or assets or anything like that.

Also in this Yahoo! Finance article titled "FICO insider explains credit scores," by Janna Herron, from Tuesday August 30, 2011

Why do the scores differ by credit bureau?
How often scores change?
How to see your FICO score?

Click here to read, "FICO's 5 factors: The components of a FICO credit score" by Jeremy M. Simon, from CreditCards.com.

Payment History
Debit Amounts
Length of Credit History
New Credit
Credit Mix

Thanks to our friend, Ondine Irving, for the heads up.

Tax Time Savings: TurboTax and Jackson Hewitt

noreply@blogger.com (Eaton Family Credit Union) — Fri, 09 Dec 2011 14:44:00 +0000

Get discounts on tax preparation this year through Eaton Family Credit Union.

Click here to save when using TurboTax Online
Click here to get your $30 Jackson Hewitt discount

With TurboTax Online you can self prepare your taxes this year and electronically file your tax returns. TubroTax Online uses an interview style format to asks question then the answers are put on the appropriate lines on the appropriate IRS forms...just answer the questions and let the program do the rest.

If you prefer working with a Jackson Hewitt tax professional face-to-face then download a $30 coupon today...you get the savings now matter simple or complex your return. Click here then enter your zip code to find the near Jackson Hewitt office or call 800-234-1040 for more information on pricing.

Credit Unions Win Out vs. Banks

noreply@blogger.com (Eaton Family Credit Union) — Mon, 21 Nov 2011 20:24:00 +0000

On November 19, 2011 The Seattle Times ran an article by Gregory Karp (Chicago Tribune) called "Money Tip: How consumers can find a banking champ."

Click here to read the entire article.

In the article Mr. Karp writes, "So, big or small? Who wins on the merits in a toe-to-toe fight between megabanks and smaller institutions? Is bigger better, or is this a Rocky Balboa story?"

Here are the categories and his ratings and our thoughts...

Round 1: Fees

Winner: Smaller institutions.

We agree. Our goal is the same as the banks: maximize shareholder value...the difference is that you're the shareholder at Eaton Family Credit Union, so that's why we strive for lower fees, higher interest earned and lower interest charged on loans.

Round 2: ATM Access

Winner: Big banks.

We disagree. Eaton Family Credit Union owner/members have access to thousands of surcharge-free ATMs nationwide. In Ohio, Midwest and Western states through the MoneyPass network featuring U.S. Bank. Plus credit union partners nationwide through the AllianceOne network.
Click here to see our ATM options and let us know what you think.

Round 3: Branch networks.

Winner: Big banks.

We disagree. Shared branching is the best example of the cooperative nature of credit unions. With 4,000+ shared branch credit unions you can deposit funds, get cash and make loan payments near home or work for just about everyone. And not just in metropolitan areas!
Click here to find a shared branch near you.
So far Eaton Family Credit Union owner/members have used shared branch partners in 36 states.

Round 4: Customer service.

Winner. Smaller institutions.

Heck yeah.

Round 5: Ownership.

Winner: Smaller institutions.

Yep, that financial cooperative thingeedoo does make a difference because we work for you.

Round 6: Financial products.

Winner: Big banks.

Well, Mr. Karp, that wealthy crack doesn't really make it with us, because at Eaton Family Credit Union all accounts are insured up to $500,000.
Yes, we cannot compete on some business banking services but smaller enterprises appreciate us too.

Round 7: Technology.

Winner: Big banks.

Hold on a second buster. Now all this stuff is free: online account access, voice-activated account access, mobile account access, online bill pay and 24/7 account information from a live person.

Round 8: Rates

Winner: Rates.

Yes.

Round 9: Safety

Winner: Draw.

Well, actually, we're better here too. Not only are all account FEDERALLY insured up to $250,000, but we also offer private insurance for an additional $250,000 up to a total of $500,000 for each account....#winning.

Eaton Family Credit Union Members Can Win Big

noreply@blogger.com (Eaton Family Credit Union) — Wed, 02 Nov 2011 14:18:00 +0000

As an Eaton Family Credit Union owner/member, you are eligible to enter the Invest in America Sweepstakes and could win one of these fantastic prizes

Grand Prize - 2012 Chevy Cruze LTZ (Estimated retail value of nearly $28,000)
First Place - Sprint wireless package, including a tablet, smartphone and gift card (Estimated retail value of $5,000)
Second Place - $1,500 gift card to spend at Shop America

Visit http://www.IIASweepstakes.org to enter the Invest in America Sweepstakes* and for official rules.

To learn more about Invest in America and its exclusive credit union member discounts, visit lovemycreditunion.org.

NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. MEMBERS OF A PARTICIPATING CREDIT UNION AS OF NOVEMBER 1, 2011 WHO ARE LEGAL RESIDENTS OF THE 50 UNITED STATES (D.C.) 18 YEARS AND OLDER. VOID WHERE PROHIBITED. Sweepstakes ends 12/31/11. For Official Rules, prize descriptions and odds disclosure, visit www.IIAsweepstakes.org. Sponsor: CU Solutions Group, 38695 W. 7 Mile Road, Suite 200, Livonia, MI 48152.

Fundraiser Benefits Hunger Centers

noreply@blogger.com (Eaton Family Credit Union) — Wed, 26 Oct 2011 12:06:00 +0000

Eaton Family Credit Union raised over $200 for the Euclid Hunger Center and Willoughby Food Pantry throughout October.

Participants donated $5 for the opportunity to win a gift certificate to area restaurants. The fundraiser was culminated during the week of International Credit Union Day.

Mike Losneck, President, Eaton Family Credit Union said, “We have very generous friends in our area. I would like to thank everyone who participated plus Spirit Media WELW 1330 AM, ValPak and Vittorio’s for their generous gift certificate donations.”

Find a Food Bank at FeedingAmerica.org

Welcome Cuyahoga County

noreply@blogger.com (Eaton Family Credit Union) — Mon, 03 Oct 2011 16:41:00 +0000

Now everyone in northeast Ohio is welcome to join Eaton Family Credit Union.

The Ohio Department of Commerce, Division of Financial Institutions recently approved Eaton Family Credit Union request to expand their field of membership to all of Cuyahoga County.

“I am pleased that we’re now able to offer free checking, low loan rates and higher savings rates to the rest of Cuyahoga County,” said Mike Losneck, President, Eaton Family Credit Union. He added, “Five years ago we added Lake County. Now we’re ready to help more people from the Cleveland-area.”

Click here or go to youtu.be/j9tEYH3gxGw to see our field of membership video.

Local Credit Union Fraud - Not In My House

noreply@blogger.com (Eaton Family Credit Union) — Wed, 28 Sep 2011 16:06:00 +0000

On September 28, 2011 The Cleveland Plain Dealer ran an article by James F. McCarty titled, "Chief executive officer of Croatian credit union pleads guilty to stealing $70 million, bankrupting the Eastlake bank."

Click here to read the entire article.

The article starts, "The once trusted head of the St. Paul Croatian Federal Credit Union in Eastlake confessed Tuesday to stealing more than $70 million and triggering the collapse of the 67-year-old institution."

We want to address some of the points in the article to explain how this sort of thing cannot happen at Eaton Family Credit Union.

Fraudulent Loans

The article mentions that loans were dispensed without requiring collateral, borrowers had little or no assets, no employment history and often with fictitious names.

At Eaton Family Credit Union the borrower must complete and sign a loan application. Our loan officers verify this information against the credit report. We ask for employment verification.

Fraudulent Payment

The articles notes that, "most borrowers made little or no repayments."

Eaton Family Credit Union loans must be repaid. We report loan history (payment and non-payment) to all three credit reporting agencies. Our delinquent loan rate matches peer averages, but from time-to-time we need to efficiently and legally collect delinquent loans.

Oversight

The article mentions that federal investigators said the credit union managers, "were running a scam, stealing millions of dollars in phony loans from the credit union."

In addition to a professional management team and experienced board of directors, Eaton Family Credit Union has an outside, third-party auditor. We are also subject to state, federal and private insurance audits.

We take our jobs very seriously and intend to be here for a very long time...thank you for your support.

FREE Checking Today and Tomorrow

noreply@blogger.com (Eaton Family Credit Union) — Mon, 26 Sep 2011 19:41:00 +0000

On September 26, 2011 USA Today ran an article by Sandra Block titled, "Like your free checking? Prepare to say goodbye."

Click here to read the entire article.

Ms. Block makes the following points about the current status of checking accounts:

Only 45% of non-interest bank checking accounts are free and the average monthly fee is $4.37.

Eaton Family Credit Union does not charge for non-interest nor interest-bearing checking accounts.

The average rate for an interest-bearing checking account is 0.08%.

Eaton Family Credit Union Advantage Checking earns 0.10% with a $1,000 balance and 0.30% with a $1,500 balance.

The article also mentions a possible change in fee structure for debit card usage such as a $5 monthly fee from SunTrust...we don't charge you to use a debit card for purchases.

Click here to learn more about Eaton Family Credit Union's FREE Checking.

Credit Union Share Insurance

noreply@blogger.com (Eaton Family Credit Union) — Wed, 14 Sep 2011 19:16:00 +0000

On September 12, 2011 The Street ran an article by Philip van Doorn titled, "Are Credit Unions FDIC Insured?"

Click here to read the entire article.

Mr. van Doorn answers his question, "No, but it doesn't matter." Further in the article he mentions the National Credit Union Administration, NCUA, the credit union federal insurance fund.

At Eaton Family Credit Union, your savings are insured to at least $250,000 and backed by the full faith of the United States Government by the National Credit Union Administration (NCUA), a U.S. Government Agency.
In addition, Eaton Family Credit Union accounts are privately insured to $250,000 by Excess Share Insurance (ESI), a division of American Share Insurance.

Our answer is also, "no" because all accounts at Eaton Family Credit Union are insured to at least $500,000 with a combination of federal and private insurance.

Secured Visa Card Q & A

noreply@blogger.com (Eaton Family Credit Union) — Wed, 14 Sep 2011 18:45:00 +0000

On September 2, 2011 The Dallas Morning News ran an article by Pamela Yip titled, "Secured credit cards give credit-challenged consumers a fresh start."

Click here to read the entire article from The Silicon Valley Mercury News.

The article states, "Secured (credit) cards are a good steppingstone for credit-challenged consumers."

The writer proposes key questions...here are our answers:

How much do you need to deposit? At least $250 but you can deposit as much as you want. Most Eaton Family Credit Union Secured Visa Cardholders have from $500 to $1,000 on deposit to "secure" their credit card.
Where can you get a secured credit card? From Eaton Family Credit Union.
What fees will there be? There is no annual fee for any of our credit cards. Click here to learn about other fees.
Does the issuer report to all three major credit bureaus? Yes, we do.
How long will it take to qualify for an unsecured card? For members with no credit, it might at least six months of consistent, on-time payments. For credit challenged members, well, it's up to you. We will help you determine concerns on your credit report, but it is up to you to clean it up.

Eaton Family Credit Union's Secured Visa Card is a good option for those members with no credit or poor credit history. It is also a good way to get young adults comfortable with credit card usage with little risk.

Click here to learn more about our credit cards.

Click here to apply for our credit card.

Bank Fees vs. Our Fees

noreply@blogger.com (Eaton Family Credit Union) — Mon, 15 Aug 2011 16:19:00 +0000

On August 15, 2011 The Cleveland Plain Dealer ran an article by Teresa Dixon Murray titled, "Fees Rise At Cleveland-area Banks."

The article states, "A year after having a cap put on their overdraft charges, banks look toward other fees to make up the difference."

Click here to read the entire article.

First of all, Eaton Family Credit Union does not charge to take in rolled coin. We do ask our owner/members to let us know if they're bringing in a whole bunch. Secondly, there is a 2% fee to deposit loose coin at our Euclid office and other fees for cash or for non-members. Lastly, regarding fees, click here for our complete fee schedule (also listed under Disclosures on our website).

Here are our fees for the information in the PD chart

Overdraft = $25
Cashier's Check = $2
Other bank's ATM = $0 for the first 8 transactions with $1,000 savings or direct deposit then $2 per transaction thereafter
Stop Payment = $25
Wire Transfer = $17
Lost ATM Card = $0 for the first then $15 thereafter
Returned Deposit = $15

Help Provide Phone Cards For The Troops

noreply@blogger.com (Eaton Family Credit Union) — Fri, 29 Jul 2011 14:14:00 +0000

Eaton Family Credit Union is proud to be part of a network of 270 credit unions across the country supporting U.S. troops by collecting used cell phones. Funds from the donated phones are then used to purchase prepaid calling cards that are distributed to soldiers.

In conjunction with General Motors and Invest In America, a credit union advocacy program by CU Solutions Group in Livonia, MI, Eaton Family Credit Union’s Euclid office has a drop box for used and unwanted cell phones. Each credit union office will also distribute postage paid mailing labels so anyone can send in their phones.

Started by Robbie and Brittany Berquist of Norwell, MA, in 2004, Cell Phones for Soldiers is a non-profit that provides prepaid calling cards to soldiers serving overseas with the money raised from cell phone donations. The donated phones are sent to ReCellular, which pays Cell Phones for Soldiers for each phone.

Go to http://bit.ly/prvElw for a shipping label

CellPhonesForSoldiers.com

Go to http://bit.ly/ou105k to see more from Robbie and Brittany

Member Appreciation Day Nets $800 For Hospital

noreply@blogger.com (Eaton Family Credit Union) — Wed, 06 Jul 2011 19:24:00 +0000

Eaton Family Credit Union members and employees got into the grilling season at the eighth annual member appreciation day on Friday, July 1st.

Patrick from Cleveland won a Kenmore grill donated by Sears Hardware on Chardon Road in Willoughby Hills.

On behalf of everyone who entered the drawing, Eaton Family Credit Union will donate over $800 to Rainbow Babies and Children’s Hospital.

Click here for more information and photos.

Debit Card Fraud - Steps and Protection

noreply@blogger.com (Eaton Family Credit Union) — Wed, 15 Jun 2011 14:46:00 +0000

On June 15, 2011 The Cleveland Plain Dealer ran an article by Teresa Dixon Murray titled, "Cleveland debit card spree getting bigger as more than 1 dozen banks, credit unions affected."

The article starts, "The local debit card fraud breach that was discovered last month is much wider than first realized, striking just about every major bank in the area and some of the biggest credit unions across Northeast Ohio."

Click here to read the entire article.

Eaton Family Credit Union wants you to do the following if you think you are a victim of fraud and specifically debit card fraud.

Fill out a police report with your local police department.
Contact us or call 800-264-5578 anytime to discuss debit card fraud concerns.

Here are some options we will discuss to ensure your account is safe and will remain safe.

Monitor your account daily with home banking, MATT Line TouchTone Teller or EFCU Mobile.
If applicable remove automatic overdraw services including automatic transfer from shares and money market and ODP Member Courtesy.
Lower your daily limit on debit cards.

Relay For Life Donation Doubles Again

noreply@blogger.com (Eaton Family Credit Union) — Thu, 26 May 2011 18:51:00 +0000

Once again Eaton Family Credit Union doubled the previous year’s donation for the American Cancer Society Relay For Life held on May 13 – 14, 2011 at Euclid High School by raising more than $2,500.

To augment their usual fundraising efforts, Eaton Family Credit Union partnered in a drawing for a Craftsman Lawn Mower with Sears Hardware in Willoughby Hills.

Images and more information available at www.EatonFamilyCU.com/RelayForLife.php

Credit Union Youth Week Rockstar

noreply@blogger.com (Eaton Family Credit Union) — Mon, 23 May 2011 15:59:00 +0000

Money Rocks at My Credit Union was the theme for this year’s national credit union youth week. Last Friday, Lawrence from Eastlake, Ohio, was a “Rockstar For A Day” at Eaton Family Credit Union. Members who deposited at least $100 in Youth Account during credit union youth week were entered in a drawing for rockstar treatment.

Mike Losneck, President, Eaton Family Credit Union said, “Lawrence is a fun kid. I think he and his family had a blast in the limo…what a great way to kick off the summer!”

More at EatonFamilyCU.com/Rockstar.php and YouTube.com/EatonFamilyCU

Eaton Family Credit Union College Scholarship Winners

noreply@blogger.com (Eaton Family Credit Union) — Fri, 06 May 2011 18:51:00 +0000

Eaton Family Credit Union is very proud to announce that Aaron DeAngelis from Euclid High School, Byren Malone from Euclid High School and Jaclyn Noonan from Willoughby South High School have each been awarded $1,000 college scholarships.

Click here to read more and see photos.

Bank Fees vs. Eaton Family CU Fees

noreply@blogger.com (Eaton Family Credit Union) — Wed, 13 Apr 2011 13:37:00 +0000

In the Tuesday, April 12, 2011, Cleveland Plain Dealer, Teresa Dixon Murray, Business Writer and Columnist, wrote an article called, "Bank customers can expect new fees for using ATMs, talking to tellers, transferring money." In the article she writes, "Fees like these are on the rise this year as banks nationwide grapple with how to recover billions of dollars in lost revenue now that they can't make as much from overdrafts fees, credit card interest and debit card usage fees as they once did." Click here for the entire article. Click here to see the chart, "What some banks will be charging you." Here are some of the types of fees mentioned in the article and what we charge per monthly and annually:

Non-branded ATM-only card = $0.00* vs. $10 annually from PNC Bank
MasterMoney Debit Card = $0.00* vs. $3.95 monthly from 5/3 Bank
Checking Account = $0.00 with no minimum or monthly average vs. $20 monthly from CitiBank and $9 monthly from Bank of America
Inactivity Fee = $5.00 annually - accounts with no transactions in 24 months vs. $5 monthly from Key Bank

Click here for the Eaton Family Credit Union fee schedule. * Note: Our ATM and Debit Cards are no charge but you may incur transaction fees.

Credit Union Wins Chamber of Commerce Award

noreply@blogger.com (Eaton Family Credit Union) — Thu, 07 Apr 2011 18:52:00 +0000

Eaton Family Credit Union was awarded the Medium Business of the Year Award for 2010 at the Western Lake County Chamber of Commerce Annual Meeting on April 30, 2011. Click here or go to EatonFamilyCU.com/WLCACAward.php see photos, hear the complete press release and a an interview.

Fred Siegel Chosen As Bluestone Community Winner

noreply@blogger.com (Eaton Family Credit Union) — Wed, 30 Mar 2011 19:15:00 +0000

Fred Siegel, Eaton Family Credit Union, was awarded a Bluestone Award for his work in the community with organizations including Junior Achievement, Euclid Chamber of Commerce, Rotary Club of Euclid and Euclid Hunger Center. Click here or go to www.EatonFamilyCU.com/Bluestone.php to learn more.

Credit Union Bowl A Thon Benefits Youth

noreply@blogger.com (Eaton Family Credit Union) — Thu, 17 Mar 2011 19:48:00 +0000

The Northeast Chapter of the Ohio Credit Union League held their Annual Scholarship Fund Bowl-A-Thon Saturday, March 12, 2011 at Scores Bowling Fun Center in Painesville. The chapter raised over $5,000 for their annual college scholarship and will also make a donation to Marching Miles for Miracle Kids supporting Children's Miracle Network and Ohio's Children's Hospitals.

Participating credit unions were Port Conneaut FCU, LCE FCU, ACME FCU, L.E.O CU, Eaton Family CU, Cardinal Community CU, Lake County Educational CU and Lakeview FCU. Port Conneaut FCU won the coveted Golden Pin trophy for donating the most money.

The Northeast Chapter of the Ohio Credit Union League appreciates the support of the following sponsors: CUNA Mutual Group, OCUL Services Corporation, CU-Centric, e-Choice Solutions, VFW Post 7754 Fairport Harbor, Amos Insurance & Financial Services, edoc Innovations, The Iarocci Law Firm, Lillie & Company, Inc., MAI Services Corporation, R.C. Olmstead, Weltman, Weinberg, & Reis, Randy Trice Chiropractic, Chester’s Legacy Tavern and Scores Fun Center.

Click here for a photo of Jim Furman, CEO, Port Conneaut FCU holding the Golden Pin.

Lost Wallet? Answers and Suggestions

noreply@blogger.com (Eaton Family Credit Union) — Sun, 13 Mar 2011 15:28:00 +0000

In the Saturday, March 12, 2011, Cleveland Plain Dealer, Sheryl Harris, Consumer Affairs Columnist, wrote a comprehesive article called, "Lost wallet? What to do when keys, cards and other stuff goes astray."

She starts, "The things we carry could cause us a lot of grief if a thief got hold of them - which is why most of us panic when we lose a driver's license, keys or a stuffed wallet."

Click here to read then entire article.

She continues to list specific items and the ways to proceed if lost:

Driver's License
Insurance Card
ATM or Debit Card
College ID Card
Credit Card
Library Card
Rewards or Check Cashing Card
Keys

For only $2.50 per month Eaton Family Credit Members can Prevent, Detect and Resolve Identity Theft.

Payment Card Protection - protect all your credit, debit, ATM and check cards.
CardPatrol - real-time, early warning system.
MyIDMatters - news and information about fraud and identity theft.
Fraud Assistance - a team to assist you if you become a victim of ID theft.

Click here for more information.

Durbin Interchange Amendment - not consumer friendly?

noreply@blogger.com (Eaton Family Credit Union) — Fri, 11 Mar 2011 15:31:00 +0000

There is a very interesting article written by Bill Handel from The Raddon Report on March, 9, 2011 it starts:

There is movement afoot to address the issue of debit card interchange. Unless you’ve been on safari for the last three months, you are very much aware of the loud industry protestations resulting from the Federal Reserve’s Reg II, which was issued in December.

Click here to read the entire article.

The Durbin Amendment was meant to be consumer-friendly. Mr. Handel includes possible ways financial institutions could react that are actually very UNfriendly to consumers:

Reduce its full-time employee count by 18 people, an effective reduction of 11 percent. This assumes $4.5 million assets per employee and $65,000 in salary and benefit costs per employee. Or …
Lower its rate on deposit accounts by 16 basis points, or …
Impose a $6.08 per month fee on checking accounts with balances below $1,000. This assumes that 60 percent of checking accounts have balances of less than $1,000. Or …
Impose a monthly fee of $3.65 per debit card.

We encourage you to voice your opinion on the Durbin Amendment and other issues.

Click here to view a PDF document of Ohio congressional addresses, phone and fax numbers provided by the Ohio Credit Union League.