Eaton Family Credit Union News

On Wednesday, September 5, 2012, Sheryl Harris ( @consumerwrite r), Consumer Affairs writer, from the Cleveland Plain Dealer , wrote an article " Pew study finds prepaid cards valuable for some, but carry risks ." Click here for link to the complete study, "Loaded With Uncertainty: Are Prepaid Cards a Smart Alternative  to Checking  Accounts?" . Click here for a report about the study. The Pew report lists four findings in the review of  52 prepaid cards. Below you can the find this information and related comments about our FREE Advantage Checking with FREE Debit MasterCard . The varying fee structures and disclosures for prepaid cards make comparison shopping very difficult because most products have 7 to 15 individual fees to consider and their disclosures are not uniform. Eaton Family Credit Union discloses all fees - click here for our fee schedule. The cost of prepaid cards can be less than checking accounts, but the cards come with significa...

On February 22, 2012 The Cleveland Plain Dealer Consumer Affairs Reporter Sheryl Harris wrote a story about the Consumer Financial Protection Bureau and their investigation of financial institution fees called, " Agency to investigate bank overdraft fees ." In the article she states, "...the agency wants to know whether banks process consumers' transactions in an order that makes overdrafts more likely." We process transactions chronologically. If you have overdraft protection on your Eaton Family Credit Union checking account, be assured that we do not process transactions to maximize overdraft fees. More specifically, we process your account transactions as they come in. Here are some details by category: Debit Cards - when debit cards are processed after purchase is important because some companies process immediately and others batch process. Therefore you might purchase an item today but we will not see the transaction until tomorrow or t...

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 ...