Wednesday, March 30, 2011

Fred Siegel Chosen As Bluestone Community Winner

Fred Siegel, Eaton Family Credit Union, was awarded a Bluestone Award for his work in the community with organizations including Junior Achievement, Euclid Chamber of Commerce, Rotary Club of Euclid and Euclid Hunger Center. Click here or go to to learn more.

Thursday, March 17, 2011

Credit Union Bowl A Thon Benefits Youth

The Northeast Chapter of the Ohio Credit Union League held their Annual Scholarship Fund Bowl-A-Thon Saturday, March 12, 2011 at Scores Bowling Fun Center in Painesville. The chapter raised over $5,000 for their annual college scholarship and will also make a donation to Marching Miles for Miracle Kids supporting Children's Miracle Network and Ohio's Children's Hospitals.

Participating credit unions were Port Conneaut FCU, LCE FCU, ACME FCU, L.E.O CU, Eaton Family CU, Cardinal Community CU, Lake County Educational CU and Lakeview FCU. Port Conneaut FCU won the coveted Golden Pin trophy for donating the most money.

The Northeast Chapter of the Ohio Credit Union League appreciates the support of the following sponsors: CUNA Mutual Group, OCUL Services Corporation, CU-Centric, e-Choice Solutions, VFW Post 7754 Fairport Harbor, Amos Insurance & Financial Services, edoc Innovations, The Iarocci Law Firm, Lillie & Company, Inc., MAI Services Corporation, R.C. Olmstead, Weltman, Weinberg, & Reis, Randy Trice Chiropractic, Chester’s Legacy Tavern and Scores Fun Center.

Click here for a photo of Jim Furman, CEO, Port Conneaut FCU holding the Golden Pin.

Sunday, March 13, 2011

Lost Wallet? Answers and Suggestions

In the Saturday, March 12, 2011, Cleveland Plain Dealer, Sheryl Harris, Consumer Affairs Columnist, wrote a comprehesive article called, "Lost wallet? What to do when keys, cards and other stuff goes astray."

She starts, "The things we carry could cause us a lot of grief if a thief got hold of them - which is why most of us panic when we lose a driver's license, keys or a stuffed wallet."

Click here to read then entire article.

She continues to list specific items and the ways to proceed if lost:
  • Driver's License
  • Insurance Card
  • ATM or Debit Card
  • College ID Card
  • Credit Card
  • Library Card
  • Rewards or Check Cashing Card
  • Keys

For only $2.50 per month Eaton Family Credit Members can Prevent, Detect and Resolve Identity Theft.

  • Payment Card Protection - protect all your credit, debit, ATM and check cards.
  • CardPatrol - real-time, early warning system.
  • MyIDMatters - news and information about fraud and identity theft.
  • Fraud Assistance - a team to assist you if you become a victim of ID theft.

Click here for more information.

Friday, March 11, 2011

Durbin Interchange Amendment - not consumer friendly?

There is a very interesting article written by Bill Handel from The Raddon Report on March, 9, 2011 it starts:
There is movement afoot to address the issue of debit card interchange. Unless you’ve been on safari for the last three months, you are very much aware of the loud industry protestations resulting from the Federal Reserve’s Reg II, which was issued in December.

Click here to read the entire article.

The Durbin Amendment was meant to be consumer-friendly. Mr. Handel includes possible ways financial institutions could react that are actually very UNfriendly to consumers:
  • Reduce its full-time employee count by 18 people, an effective reduction of 11 percent. This assumes $4.5 million assets per employee and $65,000 in salary and benefit costs per employee. Or …
  • Lower its rate on deposit accounts by 16 basis points, or …
  • Impose a $6.08 per month fee on checking accounts with balances below $1,000. This assumes that 60 percent of checking accounts have balances of less than $1,000. Or …
  • Impose a monthly fee of $3.65 per debit card.
We encourage you to voice your opinion on the Durbin Amendment and other issues.

Click here to view a PDF document of Ohio congressional addresses, phone and fax numbers provided by the Ohio Credit Union League.

Monday, March 07, 2011

View your account on the run

Eaton Family Credit Union is more convenient because we're mobile. You can view your account information via compatible mobile phones in two ways.
  1. EFCU Mobile - view your account balance, transfer funds and see transaction history via text, mobile web or iPhone app. Click here for more information. Click here to see more information on our YouTube channel
  2. Home Banking - with the most up-to-date mobile browser you might be able to use our Home Banking for all connected accounts: view balances, transfer funds and see transaction history. Click here for more information and remember to bookmark:
Contact us for more information.