It’s summer and time for a sweet bonus! Transfer an existing credit card balance to your SWCU card between June 1, 2018 and August 31, 2018 and you’ll receive a promotional APR of 4.99% for 24 months!*Continue Reading
How To Increase Your Credit Score
It’s important to note that repairing bad credit is a bit like losing weight: It takes time and there is no quick way to fix a credit score. In fact, out of all of the ways to improve a credit score, quick-fix efforts are the most likely to backfire, so beware of any advice that claims to improve your credit score fast. The best advice for rebuilding credit is to manage it responsibly over time. If you haven’t done that,…Continue Reading
CO-OP Shared Branch Surpasses Chase To Become #2 Branch Network In the U.S.
“The CO-OP Shared Branch Network is now the second largest network of financial institution branches in the country, having just surpassed Chase in number of branch offices, the company reported. CO-OP Shared Branch now totals 5,671 physical locations. No. 3 Chase has 5,567 branches as of July 18, according to FDIC figures. CO-OP said its credit union network added more than 400 branches during the past two years, when CO-OP Shared Branch surpassed Bank of America. The network is less…Continue Reading
Equifax Data Breach
Equifax recently disclosed that it experienced a data breach that exposed the personal information of millions of US consumers. Equifax, considered to be one of the three largest American credit agencies, reported that based on its investigation, criminals had exploited a website application vulnerability to gain access to certain files from mid-May through July 2017. “The information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. In addition, credit card numbers for…Continue Reading
NOTICE TO CREDIT UNION MEMBERS REGARDING UNCLAIMED PROPERTY The State of Illinois has enacted a new law governing unclaimed property held in the State. The Revised Uniform Unclaimed Property Act goes into effect on January 1, 2018. Under this Act, the presumptive period of abandonment for deposit accounts changes from 5 years to 3 years. As a result, accounts without any owner activity for a 3 year period will be turned over to the Illinois State Treasurer’s Office, upon completion…Continue Reading