1st Quarter 2019


Have you checked your credit card statement lately? You could be paying for unnecessary fees, or worse, a higher rate than you realize.

Balance transfer rate 2.49 percent until March 2020! Regular balance transfer rate of 6.25 percent applied after March 2020.
  • No Balance Transfer Fees

  • No Transaction Fee

  • No Minimum Finance Charge

  • No Annual Fee

  • Variable and 1% Cashback Cards Available

  • And More!

Offer expires March 2019. Call 610-820-0145 ext 503, email visa@lvecu.org or come in to our office to get a balance transfer form.

*APR = Annual Percentage Rate. Rate subject to change without notice. Not available on current LVECU credit card balances and not all applicants will qualify. 2.49% apr promotional rate valid on balance transfers received between 1/1/2019 and 3/31/2019. Rate reverts to regular balance transfer rate (6.25% apr as of 12/18/18, subject to change) on any unpaid balance transfers beginning April 2020.


Limited time. 1 month share certificate of deposit 2.55% APY  (2.52% APR).

Scammers Demand Gift Cards

by Cristina Miranda, Division of Consumer and Business Education, FTC

Gift cards are a great way to give a gift. But did you know they are also a scammer’s favorite way to steal money? According to the FTC’s new Data Spotlight, more scammers are demanding payment with a gift card than ever before – a whopping 270 percent increase since 2015.

Gift cards are for gifts, not for payments.

If someone calls with urgent news or a convincing story ands then pressures you to pay them by buying a gift card, like an iTunes or Google Play card, and then giving them the codes on the back of the card – stop. It’s a scam.

Gift cards are the number one payment method that imposters demand. They might pose as IRS officials and say you’re in trouble for not paying taxes; or a family member with an emergency; or a public utility company threatening to shut off your water; or even a service member selling something before deployment. Or they might call with great news – you’ve won a contest or a prize! But to get it, you need to pay fees with a gift card. Scammers will say anything to get your money. And they know how to play into your fears, hopes, or sympathies. They like gift cards because, once they’ve got the code on the back, the money is gone and almost impossible to trace. But knowing how these scams work can help you avoid them, and you can help even more by passing on the information to people you know.

If you paid a scammer with a gift card, report it as soon as possible. Call the card company and tell them the gift card was used in a scam. Follow the link below to find the contact information for some of the gift card companies that scammers use most often. Then, tell the FTC about it – or any other scam – at ftc.gov/complaint. Your reports may help law enforcement agencies launch investigations that could stop imposters and other fraudsters in their tracks.

For more information on how to report scams follow this link.


Important Information About Your IRA

April 15, 2019 is the last day to make Traditional or Roth IRA deposits for the 2018 tax year.  When mailing IRA deposits always indicate the tax year you would like the deposit contributed. Statements for IRA balances will be mailed by May 31, 2019.


Winter

Inclement Weather

Due to inclement weather, the credit union may adjust its hours of operation. Before heading out on the road, please call the credit union office, check the website, or log on to the WFMZ website for the most up-to-date closing information.


Remote Deposit Capture (RDC) – What You Need to Know

When submitting a check through RDC, please keep in mind the following:

  • All payees must always endorse the check – no exceptions.

  • “For mobile deposit only at LVECU” must be printed in ink right below the endorsement on the back of the check.

  • Paper checks should be kept for at least 3 months after deposit.

  • All checks are subject to standard holds except for payroll checks.

  • If check is submitted on a Friday after 5 pm, the deposit will not post to your account until Monday after 9 am (unless Monday is a holiday).

  • Checks will not be accepted prior to the date listed on the front of the check.


Annual Meeting Invitation

Annual meeting, March 16 2019

You are invited to attend the LVECU Annual Meeting.

The business meeting is an opportunity for you to voice your concerns, to ask questions, and let your opinion be heard. You are not only a member at LVECU, you are an owner.

To sign up, email marketing@lvecu.org or complete the reservation form and return it by March 8, 2019. A wonderful breakfast buffet will be provided. See you there! Please include the name(s) and the last 2 digits of the account number(s) of each member attending.

Remember, your participation is important for the growth and strength of the credit union movement.


Kirby Kangaroo & CYY

Each quarter we get new Kirby Kangaroo merchandise for our Club members to purchase with their Kirby Credits! Want to see the latest items? Stop in to either office or visit our Kids/Teen Club page to view the newest additions.

Congratulations to our $100 CYY 3rd Quarter Drawing winner, Brenton Krempasky. All you need to do is enter whenever you visit the credit union, and you could be our next $100 winner!


It's time to get financially fit.

Fitness is a key to success – a lifestyle that starts with taking care of the one body you have. But fitness extends to all parts of your life, including your finances.

An important part of financial fitness is having a plan that includes life insurance. Consider all the bills you pay. They wouldn’t magically go away if something happened to you. How would your family get by? If you’ve procrastinated getting coverage because you didn’t know where to start, I’d be happy to help.

Contact me today!
Nick Weschler • Nick Weschler Agency • (570) 810-2081 • nicholas.weschler@horacemann.com

Horace Mann life insurance company

Scholarships

2019 Scholarships

Applications now being accepted!

LVECU will once again be offering ten $1,000 scholarships! Applicants must be a member in good standing for at least 12 months (custodial accounts and joint owners do not qualify) and be enrolled full-time for the upcoming semester as a student of an undergraduate program, or a minimum two-year course of study at a community college, trade school, or technical school. Scholarship certificates will be awarded at the LVECU Annual Meeting on March 16, 2019 and the winners will receive their scholarship funds following the fall 2019 semester, provided they meet the scholarship guidelines. Please stop in to either office or visit our website for complete details and to pick up your application. Applications will be accepted through January 31, 2019.


Giving Back

Thank you everyone who helped us decorate our Christmas Trees with hats, scarves, gloves, etc. Your generously donated items will benefit homeless families of the Lehigh Valley this winter season.


Events