Where people are worth more than money.


2014 IRA Reminders

As springtime approaches, so does tax season.  If you have an IRA, or are interested in establishing one, there are some important deadlines to keep in mind:

1. The IRS allows you to contribute to the previous year (in this case, 2014) up until the normal April 15, 2015 federal tax deadline.  If you opt to make your contribution after January 1st but before the April 15th deadline, you must designate the contribution year that you're targeting.  This goes for most types of IRA accounts.

2. The deadline for establishing a 2014 IRA, if you haven't done so, is also April 15, 2015.  Per the federal government (and like taxes), a valid IRA application should be postmarked by midnight of the deadline for both Traditional and Roth IRA accounts.

For further details, forms, worksheets, and rules on contribution limits for specific types of IRA accounts, visit the IRS at http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-IRA-Contribution-Limits.

An IRA is one of the best ways to guarantee a secure, comfortable retirement income. Your Credit Union offers both ROTH and Traditional IRAs, either in a regular IRA Share Account or an IRA Share Certificate. To contribute to, or establish yours today, call The Credit Union or visit our website. 

The EMV Chip is Coming.

EMV is an acronym for its developers – Europay, MasterCard, Visa.  EMV is the world’s standard for ensuring interoperability between chip-based payment cards (“smart” cards) and terminals.  The cards were originally developed to address authentication issues that occurred due to the weak telecommunications networks in Europe; however, the microprocessors embedded in EMV cards have proven to be an effective weapon in the fight against counterfeit card fraud in card present (CP) scenarios.
EMV cards are the same size and thickness as standard magnetic-stripe cards.  However, the card is inserted into a slot on the POS terminal and remains until completion, rather than being swiped through a reader.  This “contact” method enables the card to communicate with the terminal.

EMV cards can also support “contactless” payments where it can either be tapped at or waved by the POS terminal for transactions.  A card capable of performing both transactions is called a Dual Interface Card.  EMV technology can also be built into smartphones equipped with NFC (Near Field Communication) chips.

To help ensure wider payment acceptance, nearly all EMV cards also have a magnetic stripe for use at terminals that have not been updated to the EMV standard.

Peoples FCU will be reissuing debit cards with the EMV chip later this year.  Please stay tuned for more information through our website, facebook, and more.

Create Savings!

Enjoy the beginning of a new season with a new or used auto!  Check out our loan rates on autos and more to see how we can save you money.  Financing or refinancing a loan with us could help warm up your savings.

Rejuvenate your account(s) with us for we are here to serve our members and communities by helping you the best we can!

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