KFCU News Alerts

June 2010 - Important information for Keystone FCU Members

The Federal Government recently issued changes to Regulation E affecting overdraft protection for ATM and one-time debit card purchases. The Regulation now requires credit unions to ask members to officially opt-in or opt-out of overdraft protection for ATM and one-time debit card purchases. Although Keystone Federal Credit Union does not typically allow overdrafts for these types of transactions and does not plan to do so in the future, we are still required to send you the official opt-in/opt-out form regarding overdraft protection on your ATM and one-time debit card transactions. This does not affect checks drawn on your account or recurring payments using your debit card.

Within the next few days, you should be receiving this Opt-In Form in the mail. Please review the form, make your selection as to whether you would like to Opt-In or Opt-Out, sign the form and return it to Keystone Federal Credit Union. If you have any questions about this form or the changes to Regulation E, please call our Compliance Officer at (484) 356-0400. Thank you!

September 2009 - Bill Payer Users:

KFCU is excited to announce that we are upgrading our Bill Payer program. The system will be unavailable beginning Saturday, September 19 at 6:00 p.m. Eastern Time while we undergo conversion. We anticipate that it will be available and fully functional on the morning of Tuesday, September 22. Please plan your transactions accordingly. Thank you for using Bill Payer.

March 2009 - Credit Unions in the Media

There has been substantial press coverage about two "corporate" credit unions that were taken over by the National Credit Union Administration (NCUA). Here are some points we want you to know:

  • These two credit unions that are located in Kansas and California are "corporate" credit unions. They are not regular credit unions like ours that serve individual consumers. Instead, they provide various services to regular credit unions. Over the weekend these credit unions were placed into conservatorship, which means they are still operating, but are now being managed by the NCUA.
  • What does this mean for members like you? It's business as usual. The same level of quality service you receive from Keystone Federal Credit Union will continue. Our service to you is not affected by these government actions.
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