SHARES

Share accounts are available to all members placing the $5.00 par value in his/her account. There is a $1.00 entrance fee.

Take advantage of convenient payroll deductions or direct deposit from your employer to save for education or special purchases.

Dividends are declared quarterly by the Board of Directors. Statements are issued quarterly. The declared dividend rate is paid equally on all Share, Christmas and Vacation Accounts based on the AVERAGE DAILY BALANCE compounded in each quarter.

A $50.00 minimum balance is required in the Share Account to receive dividends. There is no minimum balance required in the Christmas and Vacation Accounts.

Vacation Clubs
Vacations Clubs are offered to all members beginning and ending at the member’s discretion.

Christmas Clubs
Christmas Clubs are offered to all members beginning the second week of October and transferred to share accounts the last day of the following September. There is a $5.00 fee for each early withdrawal.

Share Drafts
There is no minimum balance; no monthly fees and your first 50 checks are on us! Please refer to the separate Share Draft Policy available with your application.

INSURANCE

In addition, the National Credit Union Administration (NCUA) provides share insurance for each account up to a maximum of $250,000. This is substantially comparable to savings protection provided by all banks through the Federal Deposit Insurance Corporation (FDIC).

Credit Disability Insurance (CDI) is a unique plan of sickness and accident insurance designed to make payments to the credit union which are applied toward reducing or relieving a member's credit union loan in the event of his total disability due to sickness or accident. Our coverage will pick up the loan payments after 14 days. Since your credit union attempts to provide maximum service through low cost loans, above average dividends and loan protection insurance without extra costs, it is necessary that each borrower share this extra cost. Maximum age limit on this insurance is 65.

LOANS

Every loan is carefully reviewed to insure that your credit union's money is wisely loaned. Under our federal examiner's instruction, we run credit checks on every loan over $1,000. Debt ratios are also utilized to determine a borrower's ability to repay their loan. There is a $5.00 non-refundable processing fee for all loan applications.

LOAN APPLICATIONS:
Loan applications are available in the credit union and a $5.00 application fee is required with a returned, completed application. Our Credit Committee meets everyday at 12:30pm to review loan applications. Please contact the credit union office to verify approval and make arrangements with the office staff for availability of the completed security agreement.

PCFCU'S Loan Policy (Effective February 10th, 1999)

This policy supersedes all previous loan policies and all amendments thereto:

The amounts indicated above are available, as qualified, providing credit and character ratings are AAA. We are a member of the United One Resources, Wilkes Barre and TransUnion, Experian.

SECURED OR PARTIALLY SECURED LOANS
We will grant loans above the fixed loan limits based on funds in share accounts. Loans will be granted for regular qualified limit amount plus additional amount requested in shares. Maximum loan will be $45,000 (of which only $25,000 is insured) which must be repaid within 72 months. The $45,000 loan limit excludes home equity loans. There is a 30 day length of membership requirement on secured loans.

CAR LOANS
Maximum loan will be $45,000 (of which only $25,000 is insured) including any other loans except share secured. For further information, contact any Board or Credit Committee member.

FROZEN SHARES
All pledge shares not exceeding the unpaid balance of any loan are automatically frozen at the date of said loan. Any shares (in excess of loan payment) deposited after insurance of loan are not to be frozen and may be withdrawn (providing proper forms secured during credit union hours are completed).

REFINANCING
A period of three (3) months must elapse and 40% paid on the original unsecured balance and submitted to the Credit Committee for approval on a refinance. A maximum of two refinances are allowable before a loan must be repaid.

HOME EQUITY LOANS
College tuition, home improvement or just a well-deserved vacation are all good reasons to apply for a second mortgage home equity loan. By letting us become either first or second lienholder on your home, you can get a low interest rate loan that might even be tax deductible.

PAYROLL DEDUCTION
Payroll deduction allows you to set aside a portion of your net pay to automatically make loan payments or save money in a Savings or Club Account.

CERTIFIED CHECKS
A certified check is your personal check which the credit union certifies and hold funds from your account to pay. The fee for all certified checks is $5.00.

PHEAA STUDENT LOANS
The Credit Union is a lender for student loans. Please feel free to contact the office when you are ready to submit your Pheaa loan applications and we will complete our lender information and mail it for you. For more information on PHEAA, feel free to contact PHEAA directly 1-800-692-7392 or visit PHEAA.org.

VISA^® CREDIT CARDS

Our Visa Classic credit card is specially designed to offer you all the conveniences you welcome in your life. It saves you valuable time and makes life less complicated. Features include: 52-day grace period, no annual fee, low rates of 9.9% APR with a 12.9% Cash Advance/Balance transfer rate, worldwide acceptance, fee $250,000 travel accident insurance when you purchase your common carrier travel tickets with your People's Choice Federal Credit Union Visa credit card. You can conveniently make payments on your credit card balance at the credit union.

VISA^® CuCHECK CARDS

Our Visa CuCheck cards are our debit cards that work just like a check and are accepted wherever the Visa logo is displayed. Your purchases and ATM cash withdrawals are deducted directly from your share draft checking account at the Credit Union without the check-writing hassle. These cards are free to share draft account members.

SHARE CERTIFICATES

Share certificates are available for 6 months and 12 months. Dividend rates are declared by the Board of Directors every two weeks ( the 1st and 15th of each month). Invest in Share Certificates (CD's) and receive your credit union's "Guarantee of Security" while your principal safety earns interest at the highest possible rate. Funds are insured by the NCUA up to $100,000 per depositor.

ADDITIONAL SERVICES

DIRECT DEPOSIT
Direct deposit is the safest way to deposit your net pay, Social Security, or pension check(s) into your credit union. Your money is electronically transferred and immediately available every pay period. You can also make arrangements with Vendors to withdraw certain payments from your account.

DISCOUNT TICKETS
During the seasons, the following discount tickets are available: Dorney Park, Hershey Park, Caesar's Resorts, Peddler's Village, Movie Passes from Cinemark.

TICKET SALES:
Currently available in the credit union office:

Caesar's Pocono Resort Discount Card

NADA CAR BOOK
Please call the office to get the current up-to-date value on automobiles.

NOTARY PUBLIC SERVICE
This service is available to our membership. Motor vehicle service is available at minimal costs.

CREDIT REPORTS
Creditreport.com offers both single and merged credit reports with delivery in as little as one day.

ATM NO-SURCHARGE LOCATIONS
CU$ Network is a directory of one of the largest no-surcharge alliance of approximately 300 credit unions, owning 400 ATMs that members can use surcharge free.

KELLY BLUE BOOK
Are you thinking of selling or trading your current vehicle, or buying a good used car? Check out this site for FREE used car values. Don’t pay too much or get too little for your property. Visit kbb.com to find the value.

CARFAX
How used is that “used” car? We recommend Carfax to help you find out before you buy. Visit carfax.com.

ALLPOINT NETWORK
We've made getting cash even more convenient for you by joining Allpoint, America's largest surcharge free ATM network. When you use your PCFCU VISA Check Card to withdraw cash from an Allpoint ATM, you won't be charge a fee by the ATM owner, Visit www.allpointnetwork.com to put in your zip code and find the nearest Allpoint ATM near you.

Note: Some Allpoint ATMs may still display a "Surcharge message" screen that says you will be assessed a surcharge. You should continue the transaction by answering "yes" on this screen. When you get your receipt, you'll see that you were not assessed a surcharge.

Identity Theft Action Plan

Share Insurance Tool Kit

US Treasury -- Bad Credit Hotel