York Educational Federal Credit Union

 

YEFCU is pleased to announce the addition of YAC FCU and its 400+ members to our credit union family!  We are looking forward to meeting and serving you and providing you with a much wider range of products and services for your financial needs.  We are also pleased to welcome YAC's former manager, Steff Crim to our staff.  Please stop in for a warm welcome from all of our credit union staff and see all we can provide for you!

Many members participated in our first Shredding -Day and had their sensitive documents shredded free-of-charge April 18th.

Members chose from over 150 cars and received special rates at our Enterprise Car Sale on April 4th & 5th.

"DownTown & "Cannonball Charlie" of the York Revolution helped YEFCU celebrate Youth Week on April 25th.

July 31, 2007

PA Credit Union Association Launches iBelong Campaign

The Pennsylvania Credit Union Association has rolled out its 18-month, $2.25 million dollar iBelong advocacy/marketing campaign this month.  Commercials have begun airing on network and cable television during the week of July 9.  The 30- and 15-second spots deliver the message that credit unions are for everyone, and feature a diverse cast of actors in various locations and situations.  The first ad focuses on the message of eligibility, with future ads delivering messages of family-friendly; easy to talk to; and people are great. 

All ads have a call to action, referring viewers to www.iBelong.org One of the features of the website, My Story, allows submissions from current members of any credit union, (including YEFCU members), who wish to comment on their credit union experience.  Members will only be identified by their credit union,  first name, and initial letter of last name. 

April 10, 2007

The National Youth Saving Challenge is open to all youth under age 18 who visit a participating credit union during regular business hours April 22-28, 2007. While youth are encouraged to make a deposit at the credit union, no deposit is required to enter.

Those parents/guardians giving permission for their youth to enter can submit on a 3" x 5" piece of paper* the following information to the credit union: Name, date of visit, current age, and amount deposited that day. Limit one entry per person.

On May 2, 2007, the Credit Union National Association will randomly select and award 10 (ten) $100 prizes to 10 participating credit unions. Each of those 10 credit unions will then randomly select a winner from its applicants. Your credit union will notify you if you are a winner. The odds of winning will depend on the number of entrants. A list of the winners will be posted on this Web page on May 9, 2007

* Entry forms will be available in our office starting April 22nd.

March 22, 2007

NCUA Phishing Scam Targets Members

Credit unions are reporting that members are again receiving phishing e-mails that appear to be sent from NCUA.  The message includes NCUA's logo and is addressed to "Credit union holder account."

The first paragraph states, "Your credit union has joined our Federal Credit Union (FCU) network.  For both, our and your security, we are asking you to activate an online account on our database.  After activation you can login on our system with your SSN and your Credit/Debit PIN number."

The message includes a link to the "FCU activation page" and concludes with "National Credit Union Administration Team apologize for any inconvenience."

NCUA does not not ask credit union members for personal account information.  Anyone who has received a fraudulent phishing e-mail purportedly from NCUA should forward the entire email message to Phishing@ncua.gov.

June 19, 2006

Student Loan Rates Set To Increase July 1

Students, parent, and graduates paying on federal Stafford or PLUS loans may want to consider loan consolidation before an interest rate increase goes into effect on July 1st.

The federal Stafford student loan interest rate will increase by almost two percent.  Recent graduates who want to consolidate Stafford loans into a single loan can lock in their interest payments at 4.75% APR through June 30th. 

As of July 1, the rate for Stafford loans during the grace period will go from 4.75% to 6.54%.  For all other Stafford loans, the rate will rise from 5.30% to 7.14%.

PLUS loans carry a 6.1% rate through June 30.  Outstanding PLUS loans that aren't consolidated by June 30 will carry a 7.94% rate for the 12 months starting on July 1, and will be adjusted every July1 thereafter until the balance is paid off.

Effective July 1, graduate students will be able to take out fixed-rate PLUS loans at an 8.5% interest rate. 

PHEAA is encouraging borrowers to look at their repayment options to determine if loan consolidation will benefit them.  PHEAA's Web site includes a FAQ section that addresses loan consolidation questions and an online application feature.  Students, parents and graduates who would like more information on loan consolidation and PHEAA services may call 800-338-5000, visit www.aesSuccess.org, or email questions to network@aessuccess.org. 

YEFCU Reaches $100 Million Loaned

August 3, 2005 -From the day York Educational Federal Credit Union was chartered in April, 1969 through Wednesday August 3rd, 2005, your credit union has loaned our members $100,000,000.00.  To celebrate the event, we have been holding $100 drawings until we reached our goal.  To be entered in the contest, each member who borrowed money, received a coupon for each $1,000 borrowed.  On the last day of each month, a coupon was drawn, and that lucky borrower received $100 deposited into their account.  The contest continued each month until we met our goal.

In the month we reach our goal, a final drawing was held for another $100, AND the member whose loan is the one that takes us over $100 million also received $100 deposited into their account. 

If you have been thinking about a new car or truck, home improvements, vacation, college tuition or any loan for any purpose, now is still a good time to join in the fun.  YEFCU loan rates remain incredibly low.  Talk to one of our loan officers and she can arrange the best rate and payment terms for you. 

On August 3rd 2005, YEFCU loaned its $100,000,000th dollar to Mr. Macon Tribue (left). President/CEO David Baker (right) congratulates Mr. Tribue as he receives a $100 deposit into his savings account along with a loan at a great rate!	Member John Brooks (right) is congratulated by Vice President Nick Spangler. Mr. Brooks was our July winner and received $100 deposited to his account.	Our first winner of $100 was Alba Torres (left). Ms. Torres was our May Winner and she is shown here with President/CEo David Baker.