Q: I am volunteering for a local organization and we need to open a checking account. Can I just open an account with my information and put the organization on the checks?
A: No. Organizations should always obtain the correct taxpayer ID number for organizational funds. Since the money in the account will belong to the organization, the taxpayer ID number required to open the account cannot be a Social Security Number – it needs to be an Employer ID Number (EIN) applied for in the name of organization.
The IRS allows a fundraising event, memorial fund, bowling league, or other non-business purpose entity to open an account and request an EIN for banking purposes. Visit www.IRS.gov for more information.
As part of our continuing effort to bring the best technology and service to our members, North Central Area Credit Union is upgrading our Fraud Detection and Notification System. The new system will notify our members faster when fraud is suspected. (more…)
Don’t fall prey to “great rate advertising!” Come see us before you buy and we will make sure you have your BEST DEAL!
If someone is promising you a deal that NCACU won’t match–it’s not your best deal. NCACU does not want to see members upside down in a vehicle loan, so we are only going to offer terms relative to the value of the vehicle at rates you can afford. Remember, we don’t sell vehicles so there is no pressure to buy something you can’t afford. Come see us today–Your Story, Your Life–We Are Your Best Deal!
NCACU is happy to remind members that our new ATM in the St. Helen Rite Aid Store, located at 2010 St. Helen Road, is available to meet your cash needs for the summer! Members can now save the drive by using their NCACU ATM/Debit card for cash transactions. Remember, when you are out and about this summer you can find the nearest surcharge-free CO-OP ATM by texting your zip code to 692667.
NCACU continues to work diligently to protect you and your accounts from fraud. But fraud attempts happen every day and members are susceptible. NEVER give out your account information, passwords or personal information to anyone who calls you. Recent fraud attempts include phone calls supposedly from the IRS regarding issues with tax filings or refunds. Once the caller convinces you they are legitimate (not) they just need you to clarify your account number. NO LEGITIMATE FINANCIAL AGENCY WILL EVER ASK FOR YOUR ACCOUNT NUMBER. EVER. No legitimate lending agency will ask you to send them money for a loan or deposit to your account. Ever. Never, ever give out your account information.
NCACU Branches/Departments are having a fun, spring challenge! For every loan we close, we get to put a balloon in the boss’ office! Follow our progress on Facebook and see how many balloons we can get in by the end of the month! www.facebook.com/ncacu
With recent retail hacking under investigation, comes the next wave of cyber-attacks that could affect your personal information. Phishing is the act of attempting to acquire information such as usernames, passwords, and credit card details (and sometimes, indirectly, money) by masquerading as a trustworthy entity in an electronic communication. Phishers are very good at making fraud LOOK real, so even the most diligent member can get caught in the schemes. So how do you know what is real and what is not? (more…)