We want to keep you, the member, constantly informed of new happenings at YOUR Credit Union. In addition to keeping our current rates online, we also publish an online edition of our newsletter, Money Matters so you can view new and ongoing information about JHFCU.
As a consumer, you have many options when choosing a checking account — it shouldn’t have to be a complicated strategy to select one! A wrong move can cost you money — in fees, inconvenience, or lost earnings (when you are required to keep a high minimum with money that you could have in a highrate savings account instead).
When considering a checking account, take a look at all the pieces and
beware of ones that could end up causing you a loss!
JHFCU’s free Share Draft Checking is a winning account that answers
all your needs.The Credit Union recently reviewed
the fees and requirements of a few of Maryland’s big banks and found
that our checking account is the best game in town.
Look below to see some of the “tricks” we found.
Don't have a JHFCU checking yet? Log into your account and click on the Applications tab to apply. Or stop by a Credit Union branch to apply, and walk out with your new free checking account and Visa Check card today!
The
current volatile market has many consumers feeling like their Individual
Retirement Account balances are bouncing all over the place. Some investors
have watched their investments melt and even produce negative returns
while the stock market feels the heat of the sub-prime mortgage situation
and other economic hotspots. But you can help your retirement savings
earn a more stable return by rolling your IRA, 401K, or 403B money into
a new high-yielding JHFCU Rollover IRA Certificate. When you open one
of these new 18-month Certificates, you will lock into same great rate
as our highest Money Market tier!* You’ll earn that rate for the
duration of the term, with only a $5,000 minimum. And unlike risky market-based
accounts that dip every time stocks plunge, you can rest assured that
your Certificate is safely accumulating money for you in an insured account
at a fixed rate.
Ready to rollover your IRA? Just stop by a branch or call 410-534-4500 to apply.
*$5,000 minimum required. Funds must be retirement account rollovers or direct transfers from other institutions only. A penalty may be imposed for early withdrawal. Please see your IRA agreement for restrictions and penalty information. Other restrictions may apply.
Members already know that the Credit Union’s Money Market account is an excellent choice for high-yield savings in a federally insured account, but now you can take advantage of a new account from a local institution with a high rate that increases when Prime increases! All with JHFCU's new Prime Money Market account! A companion to the Credit Union’s regular Money Market, the new Prime Money Market is for those wanting an account that responds more quickly to market conditions. The rate is tied to Prime, minus a margin and the minimum balance required is only $7,500.* Contact us for more info on how to apply!
* Rate is based on the Prime Rate (as published in the Wall Street Journal on the 25th of the previous month), minus a margin, and is adjusted monthly.
In the past, some of our members have received fradulent e-mails claiming to be from JHFCU. The e-mails claim that you have been locked out of your account and want you to verify your identity, but they are really scams trying to steal your identity. There are some indicators you can look out for to tell whether an e-mail is from a legitimate source, like JHFCU or the National Credit Union Administration (NCUA), or people scamming for your personal information.
If you receive an e-mail from a seemingly legitimate organization, which may include an authentic-looking sender address and/or offical organization logos, look at it closely for the following tell-tale signs of phishing:
If you suspect the e-mail is fradulant, contact the purported sender to verify its authenticity. DO NOT respond to the e-mail or click on any of its links. The Credit Union keeps a running list of phishing e-mails that appeared to be from us, but did not actually come from JHFCU. To view these e-mails, click here. You may also read our identity theft article (PDF), which includes informaiton about phishing and ways to protect your personal information.
Get information about the availability of the Federal Trade Commission’s online guidance regarding steps to protect against identity theft
First there was “phishing,” where potential thieves would try to get your personal information by sending you a fake e-mail claiming to be from a legitimate financial institution or company, like PayPal. Now scam artists have come up with a similar ruse, known as “vishing,” which is basically phishing by phone.
Vishing scams come in two varieties. The first is conducted solely by phone. A consumer is called, usually by an automated dialer, and told that the privacy of their credit card or bank account has been compromised. They are then told to call back a certain number immediately to “verify” their information.
The second type of vishing is just like the first, except that the intended victim gets an e-mail instead of a call. The message is like that of a phishing e-mail, but instead of clicking on a link, the person is asked to call a certain number.
Either way, when the consumer calls the number, they reach an automated voice response system that asks the consumer to enter things like their account number, password, birth date, and Social Security number. As the unsuspecting consumer enters the information on their keypad, the crook records their keystrokes.
