How Credit Unions Differ from Banks

From the outside, credit unions appear very similar to banks. They both offer similar financial products and services, from savings and checking accounts to loans and credit cards. However, it’s essential to recognize the significant distinctions between these two entities because they can greatly influence your day-to-day financial well-being.  For example, credit unions are not-for-profit, and their loan rates are generally lower than competing banks. This variance alone can save you a significant amount of money. Keep reading to learn about all the perks that accompany credit union membership.  What is a Credit Union?  Credit unions are not-for-profit financial cooperatives…

September 14, 2023PEFCU Perks No Comments
How Credit Unions Differ from Banks

From the outside, credit unions appear very similar to banks. They both offer similar financial products and services, from savings and checking accounts to loans and credit cards. However, it’s essential to recognize the significant distinctions between these two entities because they can greatly influence your day-to-day financial well-being.  For example, credit unions are not-for-profit, and their loan rates are generally lower than competing banks. This variance alone can save you a significant amount of money. Keep reading to learn about all the perks that accompany credit union membership.  What is a Credit Union?  Credit unions are not-for-profit financial cooperatives…

Making the Switch from Paper to Digital

More businesses and financial institutions are embracing digital documents. With protection against paper statements or bills being lost, stolen, or misplaced, digital versions are quickly becoming the norm.   If you’re still receiving paper statements or you’re someone that prefers to write and mail checks, now is the perfect time to switch. Not only will you experience greater security, but you will also be helping the environment.   What are Digital Statements?  Digital statements, or e-Statements, are electronic versions of your credit union account statement. While you may currently receive a paper statement in the mail each month, digital statements are sent…

June 1, 2023PEFCU Perks 2 Comments
Making the Switch from Paper to Digital

More businesses and financial institutions are embracing digital documents. With protection against paper statements or bills being lost, stolen, or misplaced, digital versions are quickly becoming the norm.   If you’re still receiving paper statements or you’re someone that prefers to write and mail checks, now is the perfect time to switch. Not only will you experience greater security, but you will also be helping the environment.   What are Digital Statements?  Digital statements, or e-Statements, are electronic versions of your credit union account statement. While you may currently receive a paper statement in the mail each month, digital statements are sent…

How the Credit Union Keeps Your Money Safe 

Anytime there is news of a bank failure, it’s natural to be alarmed. For many, their minds immediately jump to the “too big to fail” bank debacles during the Great Recession. Others start to question whether their money is safe. Between the news headlines and mentions of the FDIC stepping in to cover potential losses, many begin to feel uneasy.  So, it leaves the questions “How safe is your money?” and “What steps does the credit union take to protect your funds?”   The short answer: Yes, every credit union member’s money is federally insured. But what sets credit unions apart…

May 1, 2023PEFCU Perks, We Are PEFCU 2 Comments
How the Credit Union Keeps Your Money Safe 

Anytime there is news of a bank failure, it’s natural to be alarmed. For many, their minds immediately jump to the “too big to fail” bank debacles during the Great Recession. Others start to question whether their money is safe. Between the news headlines and mentions of the FDIC stepping in to cover potential losses, many begin to feel uneasy.  So, it leaves the questions “How safe is your money?” and “What steps does the credit union take to protect your funds?”   The short answer: Yes, every credit union member’s money is federally insured. But what sets credit unions apart…

2x Scorecard©Rewards: February – March, 2022

Looking for a fun, safe, and budget-friendly spring break trip? We have got you covered!   Here are three ideas to get you started on planning your locally inspired spring break vacation.   Be a local tourist. Stay in town and visit museums, restaurants, parks, or streets you’ve never been to before. Check out your local tourism office for ideas and see if they have any walking or bus tours that you can take. If your budget allows, it can also be fun to check into a local hotel or guesthouse for a change of scenery.  Travel regionally. Sometimes the fun may…

February 6, 2022PEFCU Perks, Wallet Wins 2 Comments
2x Scorecard©Rewards: February – March, 2022

Looking for a fun, safe, and budget-friendly spring break trip? We have got you covered!   Here are three ideas to get you started on planning your locally inspired spring break vacation.   Be a local tourist. Stay in town and visit museums, restaurants, parks, or streets you’ve never been to before. Check out your local tourism office for ideas and see if they have any walking or bus tours that you can take. If your budget allows, it can also be fun to check into a local hotel or guesthouse for a change of scenery.  Travel regionally. Sometimes the fun may…

PEFCU Mobile Services: Bill Pay

Want an effortless way to pay your bills? Then use our free Bill Pay service to conveniently schedule your monthly payments electronically. Here some reason reasons why using Bill Pay is a smart financial choice.   You save money. There’s less of a need to spend money on the stamps, checks, and envelopes.  You get peace of mind. Rather than relying on snail mail, you can control when your payment reaches its destination. This will help you avoid late fees.  It’s safer. Bill Pay is more secure than mailing paper checks. Our website is encrypted and has other security firewalls that regular mail doesn’t. You don’t have to worry about your banking information being intercepted through the mail and used for fraud.   It helps you stay…

April 26, 2021PEFCU Perks No Comments
PEFCU Mobile Services: Bill Pay

Want an effortless way to pay your bills? Then use our free Bill Pay service to conveniently schedule your monthly payments electronically. Here some reason reasons why using Bill Pay is a smart financial choice.   You save money. There’s less of a need to spend money on the stamps, checks, and envelopes.  You get peace of mind. Rather than relying on snail mail, you can control when your payment reaches its destination. This will help you avoid late fees.  It’s safer. Bill Pay is more secure than mailing paper checks. Our website is encrypted and has other security firewalls that regular mail doesn’t. You don’t have to worry about your banking information being intercepted through the mail and used for fraud.   It helps you stay…

Knowing your FICO Score

We’ve added another helpful feature to make it easier for you to monitor your credit score.  FICO for mobile is a new feature that allows members to opt-in to see their FICO Score.  This tool lets you see how lenders determine your creditworthiness. It will also show you how you can improve your financial health.    FICO scores are the most widely used by lenders who checking credit rating. Your score is calculated using many factors from your credit report. Don’t worry. Checking your FICO score with our PEFCU app will NOT affect your credit score.   To start using this feature:  Log in to your PEFCU Mobile Banking app account.   Select the “Menu” button found in the upper left corner of your screen.   Tap “FICO Score.”  Once you’re…

March 26, 2021PEFCU Perks No Comments
Knowing your FICO Score

We’ve added another helpful feature to make it easier for you to monitor your credit score.  FICO for mobile is a new feature that allows members to opt-in to see their FICO Score.  This tool lets you see how lenders determine your creditworthiness. It will also show you how you can improve your financial health.    FICO scores are the most widely used by lenders who checking credit rating. Your score is calculated using many factors from your credit report. Don’t worry. Checking your FICO score with our PEFCU app will NOT affect your credit score.   To start using this feature:  Log in to your PEFCU Mobile Banking app account.   Select the “Menu” button found in the upper left corner of your screen.   Tap “FICO Score.”  Once you’re…

PEFCU Mobile Services: Mobile Deposit

Want to save time and gas while reducing your car’s “carbon footprint?” Then deposit your checks from your smartphone with the PEFCU Mobile Banking app’s Mobile Deposit feature. Mobile Deposit is a convenient feature available in our PEFCU Mobile Banking App.   Mobile Deposit allows you to photograph check(s) and electronically deposit them into your Savings or Checking Account. This service allows you to deposit up to $5000.00 dollars per day. Mobile Deposits also gives you instant access to your funds up to $600.00.  To get started:  Endorse the back of the check, including:  Required accountholder signature(s) PEFCU deposit account number The exact words “For Mobile Deposits Only at…

October 19, 2020PEFCU Perks 4 Comments
PEFCU Mobile Services: Mobile Deposit

Want to save time and gas while reducing your car’s “carbon footprint?” Then deposit your checks from your smartphone with the PEFCU Mobile Banking app’s Mobile Deposit feature. Mobile Deposit is a convenient feature available in our PEFCU Mobile Banking App.   Mobile Deposit allows you to photograph check(s) and electronically deposit them into your Savings or Checking Account. This service allows you to deposit up to $5000.00 dollars per day. Mobile Deposits also gives you instant access to your funds up to $600.00.  To get started:  Endorse the back of the check, including:  Required accountholder signature(s) PEFCU deposit account number The exact words “For Mobile Deposits Only at…

Manage your cards with Card Controls

At PEFCU, we give you the power to control your financial future—and your financial present—with the Card Control feature in our Mobile Banking app. With Card Control, you can be assured that when you need to take swift action to secure your cards, you will have the access you need.   This tool gives you an extra layer of security over your PEFCU debit and credit cards. With Card Controls, you can temporarily or permanently deactivate lost or stolen cards from the PEFCU Mobile Banking app.  If your card is misplaced, you can turn it off by simply toggling the on/off switch on the screen.   Enrolling is easy:   Simply log in to your PEFCU…

October 19, 2020PEFCU Perks 4 Comments
Manage your cards with Card Controls

At PEFCU, we give you the power to control your financial future—and your financial present—with the Card Control feature in our Mobile Banking app. With Card Control, you can be assured that when you need to take swift action to secure your cards, you will have the access you need.   This tool gives you an extra layer of security over your PEFCU debit and credit cards. With Card Controls, you can temporarily or permanently deactivate lost or stolen cards from the PEFCU Mobile Banking app.  If your card is misplaced, you can turn it off by simply toggling the on/off switch on the screen.   Enrolling is easy:   Simply log in to your PEFCU…

PEFCU Credit Card Rewards: Music

Love Music? Then ScoreCard® rewards will be music to your ears. Every time you use your PEFCU Visa® Credit Card, there is an opportunity to earn reward points. With your rewards points, you can easily redeem your points for good vibrations.   Digital Album Downloads  You can download albums with your ScoreCard Rewards Points. Got one favorite workout tune? You can pick your one favorite song to download too.  Concert Tickets  Do you prefer an in-person musical experience? With ScoreCard® rewards, you can get as close as you can to hear your favorite musician play. Use your rewards to get in the concert hall, the front row,…

October 19, 2020PEFCU Perks No Comments
PEFCU Credit Card Rewards: Music

Love Music? Then ScoreCard® rewards will be music to your ears. Every time you use your PEFCU Visa® Credit Card, there is an opportunity to earn reward points. With your rewards points, you can easily redeem your points for good vibrations.   Digital Album Downloads  You can download albums with your ScoreCard Rewards Points. Got one favorite workout tune? You can pick your one favorite song to download too.  Concert Tickets  Do you prefer an in-person musical experience? With ScoreCard® rewards, you can get as close as you can to hear your favorite musician play. Use your rewards to get in the concert hall, the front row,…

CO-OP ATM Network

We get it. In times like these, you want the ability to access cash whenever you need it. The good news is that PEFCU is now part of the CO-OP ATM Network, which gives you access to more ATMs.   What is the CO-OP?  CO-OP Financial Services understands that valued credit union members like you appreciate being a part of community-based financial institutions like PEFCU because we look to serve our members and are not operating for profit. CO-OP unites some of the most innovative thinkers that help us make your financial experience easier and more secure. By thinking out of the box, they have used user-friendly technology that give…

October 5, 2020PEFCU Perks 4 Comments
CO-OP ATM Network

We get it. In times like these, you want the ability to access cash whenever you need it. The good news is that PEFCU is now part of the CO-OP ATM Network, which gives you access to more ATMs.   What is the CO-OP?  CO-OP Financial Services understands that valued credit union members like you appreciate being a part of community-based financial institutions like PEFCU because we look to serve our members and are not operating for profit. CO-OP unites some of the most innovative thinkers that help us make your financial experience easier and more secure. By thinking out of the box, they have used user-friendly technology that give…