Changes to Internet Teller
Changes are coming to Internet Teller!
On 06/20/13, we will upgrade Enhanced Authentication. Beginning on 06/20/13, the image that currently appears above the Security Code will no longer be displayed. After you log on, you will be prompted to re-enroll in Enhanced Authentication by selecting new security questions and a Security Phrase. After enrollment, when you logon, this phrase will display in the same place as the previous image. For additional details about the change please click here.
Don't Tax My Credit Union
This is an urgent message about the future of our credit union. You may have heard that politicians in Washington are considering an overhaul of the federal tax code.
As a member, you know that Sterling Federal Credit Union is owned and directed by you. Unlike banks that maximize profits for a small group of investors, credit unions exist to serve their members, including working families, small businesses, and the local community. Because we return benefits to our members, we are able to offer higher returns on savings and lower fees. That’s why your credit union is not-for-profit and tax exempt.
Now banks and some politicians in Washington are talking about taxing credit unions despite the fact that we are not-for-profit. They say we can balance the budget by taxing credit unions, even though credit unions hold only 6% of all financial assets nationwide, and banks hold the rest.
Since credit unions are not-for-profit, taxing credit unions could even destroy credit unions as we know it, eliminating financial choice for consumers.
Moreover, taxing credit unions won’t even help our budget deficit. For every $1 in new taxes on credit unions, the government would wipe out $10 in benefits to credit union members and consumers. So taxing credit unions is not only bad for our nation’s economy. A tax on credit unions is really just a tax on you the member.
We urge you to send a strong message to Congress: “Don’t Tax My Credit Union.” It's easy to take action! Just
It's easy to take action! Justvisit www.DontTaxMyCreditUnion.org to contact your U.S. Representative and Senators. While there, you can also watch a video, follow our campaign on social media, and learn more about how you can help us tell Congress, “Don’t Tax My Credit Union!”
The Credit Union will be closed
Best of luck in your future endeavors!
Recipients of the recently awarded credit union scholarships
Derek Whittington, Fleming HS
Kyle Hopkins, Fort Morgan HS
Ian Wingstrom, Fort Morgan HS
Sara Lockhart, Weldon Valley School
Caitlyn Staley, Weldon Valley School
Moses Hunter, Merino HS
Allison Owens, Merino HS
Thomas Pomeroy, Merino HS
Taylor Griebel, Sterling HS
Nathan Hall, Sterling HS
Lyle Koch, Sterling HS
Hannah Schreyer, Sterling HS
pictured with the graduates are Scholarship Committee Members Howard Combs, Mel Montgomery and Randy Bang. Not pictured, Committee Member Linda S. Meisner.
Ever wonder why your transfers...
Run out before the end of the month?
Accounts typically “run out” of transfers because the maximum number of transactions regulated by the Monetary Control Act or Regulation D (Reg D) has been reached.
The Federal Reserve Board’s Reg D became effective in 1980.
The Regulation mandates limitations on accounts classified as share/savings accounts.
Transactions that are limited to six (6) per month are:
Electronic Orders to Pay Third Parties
A couple things you can do to avoid being caught short of transfers:
Transfer larger amounts less often.
Avoid having the credit union automatically transfer funds by making sure enough funds are in your checking account to pay checks and cover debit card transactions.
Transactions from share/savings account that are
NOT included in the limited six (6):
™ ATM Withdrawals & Transfers
™ Transfers to loan payments at the same financial institution
™ Withdrawals made in person
™ Transfers to other accounts made in person
™ Orders to 3rd parties made in person or requested by letter
™ Withdrawals & Transfers requested by letter
™ Withdrawals & Transfers initiated by messenger
™ Check withdrawal by phone when the check is payable to and mailed to member
You could be entered to win $75!
In case you haven’t heard, Sterling Federal Credit Union is 75 years old and we are going to celebrate from now until next year’s Annual Meeting!
So, don’t miss out on the first cash drawing for $75!
All you have to do is borrow at least $5000 and
you will be entered in the drawing automatically.
We will draw a lucky winner each weekly!
The first drawing will be on Friday May 10, 2013.
Hurry in for your Anniversary loan and the chance to win $75!
You won’t want to miss out on our great loan rates too!
Congratulations to the first winners!
Winning $75 are members Saul and James!
It pays to borrow at your Credit Union!