Keep up with happenings at IU Credit Union.

Spring 2020 Issue:
A Message from the President IUCU Donates to Local Organizations Annual Meeting Postponed Scholarship Recipients Holiday Closings April is Youth Month — And We're Giving Away Money! Attention Credit Cardholders: Bonus Points Opportunities Cybersecurity Reminders Credit Card 0% Balance Transfers and 2.99% Intro Rate on New Cards ends April 15 Investment Services

 

 

A Message from the President

As we all face increasing concerns related to COVID-19, I want to assure you IU Credit Union is here to meet your financial needs.

Our highest priority is the health and well-being of our employees, members and community. As such, we have taken necessary steps to serve you safely and securely during these unprecedented times.

While we have made temporary changes to branch lobby service, our Drive-up and Contact Center representatives are available to assist you. We continue to provide lobby service by appointment to address more complex needs and to provide safe deposit box access.

You may also access your account through Online and Mobile Banking, which provide convenient, secure 24-hour service. Please call us at 812-855-7823 or toll free at 888-855-6928 to speak with a Contact Center representative or to schedule a branch appointment.

We understand current circumstances may cause financial difficulties. To help those experiencing financial challenges related to COVID-19, we have implemented the following measures:

• Waiver of Loan Skip-A-Pay Fee*. All consumer loans are eligible (does not apply to mortgage loans; see below for credit card skip payments.)  Standard Skip-A-Pay terms and conditions apply.
• Delinquent Loan Solutions or deferrals to support members who may fall behind on payments. Some loans may not be eligible for these solutions in certain cases.
• Waiver of early withdrawal penalty on Certificates*
• Waiver of 6 electronic transfers per month limit from Money Market Savings*
• Waiver of Telephone Transfer Fee*
• Waiver of new cash advance fees, late fees and/or return payment fees on Credit Cards* (applicable for credit card accounts in good standing.)
• Automatic Skip Payments for May and June Credit Card payments* (applicable for credit card accounts in good standing and not set up for Auto Pay. If you are enrolled in Auto Pay please contact us to set up the skip payment(s).

*fees, penalties or restrictions waived through June 30, 2020. These relief measures are subject to change at any time.

We continue to monitor this rapidly evolving situation, and encourage you to visit iucu.org and like our Facebook page for the latest updates from IU Credit Union.

As always, we remain committed to serving you. Stay safe and healthy.

Sincerely,

Bryan W. Price

 

 

 

IUCU Donates to Local Organizations

We recently donated $5,000 to the COVID-19 Emergency Relief Fund through United Way of Monroe County, to be used for the support of 16 nonprofit organizations serving the area's most vulnerable individuals, including seniors, children, individuals and families experiencing homelessness, and those needing food support, critical health care, and other essential needs in Monroe, Owen, and Greene Counties.

We also recently donated $5,000 to Stone Belt for use in their Family Supports program as well as the development of new programs. The Family Supports program gives families of children and adults with disabilities living at home the opportunity to train direct support professionals in their own homes.

 

 

 

Annual Meeting Rescheduled

Originally scheduled for March 25, our Annual Meeting is now rescheduled to June 25. Join us at 5:30 PM at our Winslow Road branch to meet Credit Union staff and learn about the state of the Credit Union.

 

 

 

Scholarship Recipients

Each year, IU Credit Union awards a total of $20,000 in scholarships to IU Credit Union members who are continuing their education at Indiana University or Ivy Tech Community College, either full-time or part-time.

Shannon Bowman-Sarkisian* Indiana University	Lauren Bryant Indiana University
DeVontaé Tate Indiana University	Abraham Morris Indiana University
Adhitya Balaji Indiana University	Ryan Paquette Indiana University
Kayley Ryan Indiana University	Kaili Stedman Indiana University
Jeremy Dobris Indiana University	Hadassah Katz Ivy Tech Community College
Haley Ann Magness Ivy Tech Community College	*Photo courtesy of the Monroe County Public Library.

Indiana University

Graduate Full-time - $2,150 Award

• Shannon Bowman-Sarkisian, Master's in Library Science
• Lauren Bryant, Doctor of Medicine
• DeVontaé Tate, Healthcare Management & Business

Graduate Part-time - $1,100 Award

• Abraham Morris, MBA

Undergraduate Full-time - $2,150 Award

• Adhitya Balaji, Molecular Life Science/Neuroscience
• Ryan Paquette, Nonprofit Management and Leadership
• Kayley Ryan, Biology/Neuroscience
• Kaili Stedman, Elementary Education

Undergraduate Part-time - $1,100 Award

• Jeremy Dobris, Informatics

Ivy Tech Community College

Full-time - $1,700 Award

• Hadassah Katz, Nursing

Part-time - $850 Award

• Haley Ann Magness, Nursing

 

 

 

Holiday Closings

All branches of the IU Credit Union will be closed Monday, May 25th in observance of Memorial Day.

All branches will be closed on Saturday, July 4th in observance of Independence Day.

Remember that your debit card, Online Banking and Mobile Banking are available 24/7. In addition, you have surcharge-free access to your account at thousands of ATMs nationwide in the CO-OP and Alliance One ATM networks.

 

 

 

April is Youth Month — And We're Giving Away Money!

April is National Credit Union Youth Month and credit unions across the country will focus on educating youth about financial health. This year's theme emphasizes the benefits of wise saving, sharing and spending.

To celebrate our youth, we're giving away EIGHT $25 gift cards to our M3 Money Club and Elements of Money members*, two in each category below:

Coloring contest for ages 6 and under:

• Print and color the page below. (Click here to download a PDF)
• Write your name and age at the top of the page.
• Have an adult take a picture of your page, find IU Credit Union on Facebook or Instagram and send us a message with your pic or email it to Marketing@iucu.org.

Art contest for ages 6 to 12 years old:

• Create your own masterpiece with crayons, paint, fabric, clay, or any medium of your choice and illustrate Saving, Spending and Sharing your money.
• Have an adult take a picture of your artwork (include your name and age somewhere in the photo), and submit it to us by finding IU Credit Union on Facebook or Instagram and sending it in a message or emailing it to Marketing@iucu.org.

Video contest for youth members 13 to 18 years old:

• Record a one-minute (or shorter) video clip answering the question, “Why is saving money important for my future?”
• Either you or an adult may submit your video by finding IU Credit Union on Facebook or Instagram and sending it in a message. Be sure to include your name and age in the message.

Essay contest for youth 13 to 18 years old:

• Write a 300-word (or less) essay, answering the question, “Why is saving money important for my future?”
• Either you or an adult may submit your essay by finding IU Credit Union on Facebook or Instagram and sending it in a message. Be sure to include your first name and age in the message.

*Entrants must have an IU Credit Union account with their name on it and may only enter in one category. We will verify winners information. Deadline for entries is midnight, April 30. Gift card winners will be announced on our Facebook and Instagram pages on Tuesday, May 5.

 

 

 

Attention Credit Cardholders: Bonus Points Opportunities

3X Rewards Points!

Earn 3X rewards points when you use your IU Credit Union Mastercard Cash Rewards or Platinum Rewards Credit Card on home, lawn and garden purchases through June. Visit our credit card page at iucu.org for a complete list of merchant categories.

 

 

 

Cybersecurity Reminders

Unfortunately, a crisis like this pandemic can bring out the cyber criminals. While much of the country is focused on physical health and adequate supplies, there has been an uptick nationally in cyber incidents around COVID-19. This includes phishing scams inviting victims to click on malware installers or provide financial credentials, criminals setting up fake charities, and other exploitations. Here are a few tips for safeguarding your personal information:

• Online: Always confirm that you recognize the sender before opening an email, and hover over links to see their source before clicking on them. Use two-factor authentication on online accounts whenever possible, and as always, do not share your credentials and passwords with anyone.
• On the phone: If you answer a robocall, hang up before pressing any numbers. Do not open a link in a text message from an unknown sender.
• When donating: To avoid fraudulent charities, consider donating to local organizations that you are familiar with rather than national relief efforts.

 

 

 

Credit Card 0% Balance Transfers and 2.99% Introductory Rate on New Cards ends April 15

Save money by transferring your higher interest-rate credit card balances to your IUCU Mastercard with 0% balance transfers for 12 months and no balance transfer fees!*

We are also offering an introductory 2.99% APR on purchases for 12 months^ when you open a new card.

Both offers are good through APRIL 15.

*Transfer your credit card balances from other financial institutions during the promotional period of 2/15/20 through 4/15/20 and get 0% APR for 12 months from the date of your first transfer, with zero balance transfer fees. Offer good on transfers from current and new cardholders from 2/15/20 through 4/15/20. After 12 months, rate will be between 11.50% - 21.50% APR for the Platinum Rewards Credit Card and between 14.50% - 24.50% APR for the Cash Rewards Credit Card as of 1/30/20, and will be based on individual creditworthiness. This APR is subject to change and will vary with the market based on the Prime Rate. Excludes Business Credit Cards. Subject to credit approval.

^2.99% introductory rate for 12 months, from the date the new card is opened, during the promotional period of 2/15/20 through 4/15/20. After that, rate will be between 11.50% - 21.50% APR for the Platinum Rewards Credit Card and between 14.50% - 24.50% APR for the Cash Rewards Credit Card as of 1/30/20, and will be based on individual creditworthiness. This APR is subject to change and will vary with the market based on the Prime Rate. Excludes Business Credit Cards. Subject to credit approval. Contact us for more information.

 

 

 

Investment Services