The Federal Reserve Board (FRB), in its July 2009 meeting, has published detailed rule Amendments to Regulation Z (Truth in Lending), requiring financial institutions to mail or deliver a periodic statement 21 days prior to your monthly due date. This applies to Campus Credit Union Lines of Credit and Advantage Lines of Credit that have a loan suffix of “30” and Home Equity Lines of Credit that have a loan suffix of "59".

FAQ

1. How does the regulation affect my loan at Campus Credit Union?
   If you have a loan with a suffix of “30” or “59”, your loan due date has been moved forward to the 27th of each month. Your interest rate, payment amount and term will remain the same. VISA Credit cards will remain the same as they are already in compliance with the regulation change.
2. Was my payment moved back?
   No. All loans were moved forward to the 27th of the month from their original due date.
3. Can I move my due date to another date?
   No. All loans with suffixes “30” or “59” are now set to the 27th of the month. You may always pay early but your due date must be the 27th of the month.
4. Do I need to change my automatic payment date?
   No. Automatic payments, transfers and payroll deductions will continue as they are with no interruption. Loan suffixes of “30” had a due date of the 15th of the month so the payments will be made before the official due date of the 27th. If you want to modify the date your automatic payments, transfers and payroll deductions are applied, contact the credit union.
5. Was my VISA due date changed?
   No. VISA Credit Cards have separate statements and already comply with the regulation.
6. Does this affect me in a negative way?
   No. The only real change to your loan is that the due date is now the 27th.
7. When did you find out you had to change my loan?
   We were officially notified in late July 2009.

Please feel free to contact a member of our staff with any other questions you may have at 316-978- 3666.

Campus Credit Union was notified of a security breach of credit and debit card account numbers. A national processor of Visa/MasterCard transactions for grocery stores, convenience stores and other merchants is the source of this breach. No Social Security numbers, unencrypted personal identification numbers (PIN), addresses or telephone numbers were involved in the breach. The compromise was not a result of any Campus Credit Union direct vendor partnerships.

Campus Credit Union has increased the security for those cards that may have been affected and are monitoring closely. If we detect any attempted fraud on member accounts we will reissue those cards. You may receive phone calls from the credit union or our card processor to verify transactions.

As a cardholder, you will not be held financially responsible for any unauthorized transactions that are reported to the credit union in a timely manner. You should regularly monitor your card and bank statements and report all suspicious activity to Campus Credit Union.

We are working hard to protect your accounts and will limit inconvenience to you whenever possible.

Good old "Plan B." It's nice to have something to fall back on when things don't go the way you plan. But when it comes to building a financial cushion for retirement, or saving for college or a down payment for a new house, setbacks can be costly.

Safeguarding your hard-earned money is critical. That's why Campus Credit Union has federal share insurance, administered by an independent government agency, the National Credit Union Administration (NCUA). The National Credit Union Share Insurance Fund (NCUSIF) protects aggregate savings up to $100,000 in your regular share savings, certificates, and share draft/checking accounts.

And now, the coverage for individual retirement accounts (IRAs) and Keoghs has risen to $250,000.

Funds in traditional IRAs and Roth IRAs are added together and insured in the aggregate to $250,000. A Keogh account is insured separately up to $250,000 as well.

Something else about share insurance: It separately insures individual and joint accounts. For example, say you have an individual account containing $100,000, and a joint account with your spouse containing $100,000. Each account is insured separately for a total coverage of $200,000.

So how do you know we're federally insured? All federally insured credit unions--like yours--must post the official NCUA insurance sign in their offices.

As do other NCUSIF-insured credit unions, we abide by high standards of safety and soundness. Because of that, NCUSIF is a strong, well-capitalized fund.

So bring your savings to us: You can count on Campus Credit Union to take good care of it.

A western Kansas credit union has reported members receiving phone calls from an automated voice system telling them their credit union account has been suspended. The automated calls ask members to call a long distance number where another automated voice asks for account numbers and personal identification numbers.

THIS IS A HOAX! DO NOT RESPOND

This scam is designed to trick members into divulging private account information. Campus Credit Union does not contact you about account problems with an automated system. We will either personally call you or send you notice in writing. If you ever question who is behind a call asking for your information, play it safe. Don’t give out any personal information, hang up and call the credit union.

We are pleased to announce the release of important new security features for your MasterCard Debit Card.

Shop online with added peace of mind with MasterCard SecureCode.

It’s a new service to help protect against unauthorized use of your existing Campus Credit Union MasterCard Debit Card when you shop online at participating merchants.

Register today at:

https://www.shazam.net/SecureCode/

New Security Features for FlexTeller Access (5/11/07)

Good news! We are pleased to announce the release of important new security features for Internet Account Access. These changes are part of an ongoing effort by us to ensure compliance with federal regulation and to provide the highest level of protection to you against identity theft and fraud.

Specifically, these new controls are designed to help you recognize when you are communicating with the valid Internet Account Access system and to help that system ensure that it is communicating with you.

Please take a few minutes and enroll your account by clicking on the “FlexTeller” link.

Important Notice for Campus Credit Union VISA Cardholders (7/27/06)

Campus Credit Union is committed to protecting our members from Identity Theft.

We have recently experienced fraud due to a skimmed counterfeit Visa credit card originating in Europe. The countries listed below have been identified by Visa USA as having a high incidence of this type of fraud.

All authorization requests originating from these countries will be declined:

Turkey, France, Romania,
Spain, Italy, Pakistan

If you plan to travel to these countries, please contact the credit union with the dates you will travel so we may open your card to transactions.

If you plan on traveling anywhere, give us a call to let Visa know.

New Improvements, Great Service

We have made significant improvements to your credit union this quarter starting off with new carpet and seating.
The most exciting addition is an extensive computer upgrade with our existing vendor to add speed and efficiency in our daily processes. New features were installed to securely store your identification. So those words you have come to love and hate, “Can I see your ID for cash back, please?” is moving to a thing of the past. Signature pads are utilized to automatically store your signed receipt. Member statements will be available on-line, e-mail, or regular mail. For those who prefer to check their account information by telephone, we have added additional phone lines to minimize any busy signals.
You can apply for a loan, anytime, anywhere. Our Internet applications are just a click away. If you prefer to speak with a real person, give our call center a try. Both are available 24/7.
Is your schedule making it hard to come into the credit union to close your loan? Or maybe you don’t even live in the area anymore. Not a problem. Most loan documents can be electronically transmitted to you to print, sign and return. We also offer electronic methods of delivering the money to you.

Our investment into the credit union is an investment in you, our members. Our mission is to provide you with the best personal service, offer options and keep your information secure.

PHISHING SCAM ALERT
One e-mail, which claims to be from the IRS, tells the recipient that they are eligible to receive a tax refund for a given amount. It then directs the consumer to a link that requests personal information, such as Social Security number and credit card information.

Another e-mail titled “Refund Notice” claims to provide information to recipients regarding the status of their IRS Tax Refunds. The e-mail contains a link, which mirrors the true IRS web site. This site purportedly allows recipients to check the status of the IRS tax refund after providing the following information:

• First and last name
• Social Security Number or IRS Individual Taxpayer Identification Number
• Credit Card Information

The IRS does not ask for personal identifying or financial information via unsolicited e-mail.

If you receive an unsolicited e-mail alleging to be from the IRS, take the following steps:

• Do not open any attachments to the e-mail, in case they contain malicious code that will infect your computer.
• Contact the IRS at 1-800-829-1040 to determine whether the IRS is trying to contact you about a tax refund.
• Taxpayers do not have to complete a special form to obtain a refund.
• If you have received this, or a similar hoax, please file a complaint at www.ic3.gov.

Who Needs Gap Protection?

There’s a special type of protection, called gap (guaranteed asset protection) coverage, designed to cover situations like this.

Except in a few states, gap protection is not, technically, insurance, though it’s commonly referred to as such. It’s actually a debt cancellation agreement. It waives the section of your financing agreement that holds you responsible for the difference between the value of your totaled car and your remaining loan balance. Regardless of what it’s called, this coverage satisfies your liability to pay the gap.

As more buyers put little or no money down, roll an unpaid balance on their old car loan into the new loan, or take out an extended-term loan of 60 months or longer, the need for gap coverage is increasing.

Shop around for gap coverage. Compare credit union rates with other offers. Dealerships rarely offer the best price, and although the Internet makes shopping easy and convenient, thoroughly research the company behind the offer before you send money or provide information such as your credit card, driver’s license, or Social Security number. If you purchase coverage from your auto insurance carrier, it’s your responsibility to calculate when you’re out of the hole--when you’ve closed the gap by paying down your loan. If you forget to contact your agent to remove the extra coverage, you’ll pay for protection you no longer need.

If you think you need gap coverage, call us today at 316-978-3666.

Credit Cards: Pay More Than Minimum for Faster Payoff

A handful of credit card issuers have raised minimum payments from 2% to 4% of the balance due. If you can afford these higher payments each month, you'll benefit over the long haul. If you can't afford this increase, chances are you're in over your head. Ask someone at Campus Credit Union for help in straightening out your finances.

Consider the example of a $2,000 balance at 18% interest. If your minimum payment is 2% of the balance due each month, it will take you about 19 years to pay it off and you'll pay $3,862 in interest. (A 2% minimum payment would start at $40 and taper to $20. Maintain the $40 and you'll pay off the debt faster.)

If you're paying 4% of the balance due, you'll pay off the balance in seven years and four months and cut your interest costs to $1,031. (A 4% minimum payment starts at $80 and tapers to $20.)

By paying 8% of the balance due, much more than minimum, it will take you three years and nine months to pay off, and you'll pay about $433 in interest. (An 8% minimum payment starts at $160 and tapers to $20.) Remember, these calculations assume you add no more charges to the card.

Always pay at least the minimum amount due so you don't incur a late fee, and if possible, charge only as much as you can pay in full each month or within a few months.

And if you’re paying high credit card rates elsewhere, check out Campus Credit Union credit cards for consistent savings.

GREAT NEWS! Campus Credit Union is Approved for Membership Expansion

Campus Credit Union is approved by the Department of Credit Unions to expand its field of membership. If you are a faculty, staff, graduate, student, former student of any Higher Education College in the state of Kansas, you are eligible for membership with Campus Credit Union.

Campus Credit Union is a full service not for profit financial institution that serves: Wichita State University faculty, staff, graduates, students, former students and alumni; Wichita State University staff of affiliated corporations, auxiliary enterprises and contract service providers; Employees of: Cerebral Palsey Research Foundation, Heartspring, Center Industries, University of Kansas, School of Medicine, Wichita Branch, All Other Kansas Higher Education faculty, staff, graduates, students and former students; Immediate Family Members of above; Retirees of above; Any club or organized group, either on or off campus, who has a tax identification number and is represented by an active Campus Credit Union member.

To become a member, open a (share) savings account with a minimum deposit of $25.00. Opening this share account and maintaining a $25.00 minimum balance entitles members to other available services offered by Campus Credit Union. A member who later changes employment, may still remain a member.

COPYRIGHT 1999 - 2005 CCU

Campus Credit Union,  1845 N. Fairmount, Box 65, Wichita, KS 67260-0065
Voice: (316) 978-3666 - Fax: (316) 978-3523
Lobby Hours: M-Th 9:00 a.m. - 4:30 p.m. Fri 9:00 a.m. - 5:00 p.m.
Drive-Thru: M-F 7:30 a.m. - 5:30 p.m.