All SJFCU members must “Opt In” if you want SJFCU to continue to cover overdrafts for ATM and Debit Card transactions. This is due to new regulatory changes that go into effect shortly.

Overdraft Privilege is the program covering overdrafts up to an approved limit. Overdraft Privilege is among the protection programs affected by the new regulations.

You must respond if you choose to “Opt In” to Overdraft Privilege. When you “Opt In”, it means that you want SJFCU to continue to approve ATM and Debit Card transactions that would otherwise overdraw your account. (If you choose not to “Opt In”, such transactions would be declined at the ATM or merchant.)

Click here now to make your choice!

All Over the Media: Credit Unions are Good for You!

If you’ve been following the news - on the internet and financial blogs, in print, or on television - you’ve likely heard some of the prominent coverage the media has bestowed on credit unions!

A growing number of media outlets have put credit unions front-and-center in the last few months. Stories highlighting the benefits of credit unions have appeared on networks and programs including CNBC, MSNBC, CNN, the CBS Early Show, the Suze Orman Show, and the Huffington Post. The stories all encourage consumers to move their business away from big banks in favor of local institutions and credit unions.

The news media has been advising consumers to go to their credit union to get great deals from people they can trust. Whether a consumer is searching for lower fees, great rates on auto and home equity loans, or a better rate on credit cards, they can find it at a credit union.

Here are a couple of recent quotes:

“I think what many of the major banks are doing to their credit card holders is a travesty. To fight back, I want you all of you to look into credit union credit cards as an alternative.”
-Suze Orman

“Had it with your bank this year? It’s time to start fresh. Fees are lower and rates are more attractive. Credit union credit cards are also a bargain. You might as well go with people who are willing to pay you.”
-Gerri Willis, CNN personal finance editor and host of “The Bottom Line”

“There are any number of reasons switching from a bank to a credit union is appealing right now. Credit union loan portfolios are up. This means that if you are a credit worthy customer, and your credit history is in good standing, you stand a better chance of getting a personal loan at a credit union…. They’re in a better position to loan.”
-Vera Gibbons, CBS ‘Early Show’ financial contributor