Since the introduction of our website hundreds of members are now visiting us at www.northpennfcu.org to get all the latest information about:

            • Credit Union services
            • Current rates
            • Promotions and specials
            • Links to Credit Union partners
            • Online Bill Payment
            • Loans & Loan Applications

Now members can use the convenience of Home Banking with Flexteller Homebanking. No need to travel to the office when you can take care of business from the comfort and privacy of your home or office computer.

Use Flexteller Homebanking to:

            • Check balances on your account
            • Review history of transactions
            • Transfer funds between subaccounts
            • Make a loan payment
            • Request a withdrawal

If you' re not banking online with North Penn FCU Flexteller, sign up today by contacting the Credit Union to request your application.

Choosing an Investment

Win/Win When you Save at the Credit Union

After years of saving a bit here and there, you can finally see the cash reserve building up! Now the question is, where should you put that money to get the best yield with the least amount of risk? A Money Market Account or Term Share Certificate at the Credit Union can certainly offer a higher yield than most savings accounts at other financial institutions, but which one is best for you?

The main difference between a Credit Union Money Market Account and Term Share Certificate is in the liquidity of the investments. Money Market Accounts are set up so you can readily access your funds without penalty. The price for this convenience is usually a slightly lower yield on your investment. You will have a minimum balance requirement, but you may withdraw from the account at any time (up to six times per month) without penalty.* A Term Share Certificate, commonly referred to as a CD, is meant to be a buy-and-hold investment. Your investment is intended to stay on deposit for a specified period of time and therefore, generally earns a bit higher yield. Usually, the longer the term, the higher the yield. However, if you need your money prior to the scheduled maturity date, you may be subject to paying a penalty for early withdrawal. That penalty is typically the loss of three to six months' worth of dividend income.

Whatever investment you choose with the Credit Union, you can rest assured that your funds are safe. Money on deposit with the Credit Union is insured up to $100,000 per member by the National Credit Union Administration (NCUA), a US Government agency.

*Some restrictions may apply.

Your Rights Under the Fair and Accurate Credit Act (FACT Act) In these days of high-tech crime, safeguarding our personal and financial information has become a challenge for everyone. From finding information in your trash to phishing to breaches in security at major corporations, there are many new ways for criminals to access and use your sensitive information. Now, in an effort to make sure that Americans have the opportunity to track financial activity that uses their personal information, the FACT Act has been instituted. This Act helps to protect against and detect identity theft for both individuals and financial institutions. The FACT Act allows consumers free annual access to their credit reports and scores from the three major credit bureaus. In addition, you can learn how to opt out of prescreened credit offers by phone and by mail. Under the FACT Act, credit unions are required to notify members if negative information has been submitted to a credit reporting agency regarding credit extended to the member. You will receive a written notice from the credit union no later than 30 days after we provide such information to the credit reporting agency. We may or may not inform you of subsequent reports on the same credit account. Credit unions offering mortgage loans based on credit scores are required to provide applicants with their credit scores. For more information about the FACT Act and how it will affect you, please contact the Credit Union. Don't Let Your Accounts Go to the State Here' s an interesting fact you may not be aware of: If a checking or savings account remains inactive for five years they are considered dormant accounts and state law requires that the funds in it be transferred to the state. That' s because after five years of inactivity, it is assumed that the person who holds the account has probably passed away. Should your funds get transferred, they are returnable from the state upon request, but not without a good deal of effort and time. Since payment of interest to your account does not constitute activity, we recommend that you make a regular deposit to your account. Even if it' s only once a year, you can keep your account active and start building a little nest egg. Happy Holidays from your Credit Union Thank you for letting us serve you throughout the past year. We hope that you will continue to take advantage of the many services available to you as a member/owner of this fi nancial cooperative. We value your membership and look forward to serving you inthe year to come. The Motor Vehicle Certification Program The Motor Vehicle Certification Program (MVCP) offers consumer information to members who are purchasing a new vehicle. The Credit Union urges members to call MVCP at 1-800-345-0990. Holiday Closings: Martin Luther King Birthday January 16 Presidents' Day February 20 Good Friday April 14 For additional online newsletters see below: Summer 2000 Fall 2000 Winter 2000/2001 Spring 2001 Summer 2001 Fall 2001 Winter 2001-2 Spring 2002 Summer 2002 Fall 2002 Winter 2002-03 Spring 2003 Fall 2003 Winter 2003-04 Spring 2004 Summer 2004 Fall 2004 Winter 2004-05 Spring 2005 Summer 2005 Fall 2005 Rates Drafts Loans News Savings Services Loan App. Legal Statement    © Copyright 2006 North Penn Federal Credit Union All Rights Reserved.