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.
Staying Secure - Learn about recent Phishing, Fraud Awareness, and more.
Mark your calendar for JHFCU's Annual Meeting on Thursday, May 18, 2017. It will be held in the Glass Pavilion on the Homewood campus. The event will begin with hors d'oeuvres at 5:15 p.m., followed by the business meeting at 6:00 p.m.
Please RSVP by May 11, 2017. Pre-registration helps expedite the check-in process.
Notice: JHFCU has leased or rented facilities from the Johns Hopkins University. However, JHFCU and any programs operated by JHFCU are not related to or affiliated with the Johns Hopkins University in any way. JHFCU is an entirely separate legal entity with no connection to the Johns Hopkins University aside from a temporary use of facilities for the specified program.
Effective March 31, JHFCU will close its part-time Eastern branch. This office is only open one day a week, on Thursdays, at the Johns Hopkins at Eastern location. The branch has very light traffic and often has no visitors on days it is open. Members who work in the Eastern building will still have access to the ATM on the first floor, and can visit the Homewood branch at 4 E 33rd Street, which is next to the JHU Barnes & Noble Bookstore. There is now a parking garage across the street from the Homewood branch making it more accessible by car.
Members can also use JHFCU’s vast network of other ATMs, shared branches, and online and mobile banking for deposits and/or withdrawals. Here is a list of ways you can access your account and/or get service:
Thursday, March 30th, will be the final date for service at the Eastern office.
*Must meet eligibility requirements.
Do you have a great picture of Hopkins or Baltimore City that you'd like to share? Why not submit it for the annual JHFCU calendar! Now through July 1, 2017, submit any Hopkins or Baltimore City-related picture you may have to JHFCU for a chance to be featured on our 2018 Calendar.*
Pictures must be print quality (high resolution), and e-mailed to Becky Wharton at email@example.com (limit 3 pictures per member). Please include your name and address in your email (pictures will be credited to the member submitting the photo). If your picture is selected, you will be notified by e-mail before the calendar is released.
So what are you waiting for? Get your cameras out and start clicking!
*Must be a JHFCU member for eligibility.
Occasionally members ask why we have “remote teller stations” — the stations that use a TV monitor and camera for you to interact with the teller. The foremost reason is the safety of our members and staff. JHFCU was the first financial institution in Maryland to introduce remote teller stations in 1998 in our East Baltimore branch. We have since added it to our new Homewood and Bayview locations. Although no financial institution is immune from the threat of a burglary, JHFCU has reduced the risk through increased security and the remote teller system, to make your safety a priority.
In addition they:
While the stations may seem intimidating if you’ve never used one, they make banking quick and easy. Please don’t hesitate to ask for help, whether it’s your 1st or 50th time at the remote teller station.
At JHFCU we know that it is important that you have easy and convenient access to your account. That is why we have services for our members to make deposits (and other transactions) to their accounts nationwide:
Budget Building – tips, tools and incentives for building a budget: Whether you've made a budget before or you’ve already blown several, we’ll give the lowdown on how to break up expenses effectively and efficiently. We’ll share tools, plans, and incentives to show you the power and freedom of a good budget.
Theft-Prevention, Protection, Detection and Action: We break down what identity theft is, what it can cost victims, and what you can do to protect your most valuable asset – your identity.
Building Credit: Take a drive through the different options, lingo and hazards when financing a car. This includes credit reports and scores, finding a lender, knowing the terms (multiple connotations: the words and their meaning as well as the conditions with regard to length of payment), getting pre-approved, looking for deals and closing said deals.
Saving: You may think you’re young and broke, but you’ve got at least one asset that all those successful older people don’t have: time. In this video we show what your money can do with a little – or even better, a lot – of it. We show you what you should know about compounding interest and how to make your money, age and time work for you.
With everyone's concerns about the current economic state, I wanted to take a moment of your time and make you aware of The Johns Hopkins Federal Credit Union's safety and soundness.
If you have any concerns please feel free to call us at 410-534-4500 (press 2) and speak with a Member Service Representative about your insured accounts.Michael J. Mesta, CEO
Share Insurance and You (PDF)
The National Credit Union Administration, commonly referred to as NCUA, is the federal government agency that charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, NCUSIF insures the accounts of millions of account holders in all federal credit unions and the majority of state-chartered credit unions.
Why Is NCUSIF Share Insurance Coverage Important?
Share insurance coverage, offered through the NCUSIF, protects members against losses if a federally insured credit union should fail. You can confidently join and conduct business with federally insured credit unions because no member has ever lost money insured by the NCUSIF.
Historically, insured funds are available to members within just a few days after the clossure of an insured credit union. Failures of federally insured credit unions are rare because only those with sound operational standards qualify to receive NCUSIF coverage. NCUA also regularly reviews the operations of all federal credit unions and works closely with state regulatory authorities to evaluate federally insured state-chartered credit unions.
What Basic Coverage Is Provided By The NCUSIF?
The NCUSIF provides all members of federally insured credit unions with $250,000 in coverage for their individual accounts. These accounts include regular shares, share drafts (similar to checking), money market accounts, and share certificates. Individuals with account balances totaling $250,000 or less at the same insured credit union have full NCUSIF coverage. If a person has more than $250,000 at any single credit union, several options are available for additional coverage because, as discussed in greater detail below, the NCUSIF provides separate insurance for other types of accounts.
Members have full NCUSIF coverage at each federally insured credit union where they are qualified members. While NCUSIF coverage protects members at all federally insured credit unions from losses on a broad spectrum of savings account and share draft products, it does not cover losses on money invested in mutual funds, stocks, bonds, life insurance policies, and annuities.
Does The NCUSIF Provide Additional Coverage?
All members of federally insured credit unions have options for coverage that is separate from and in addition to the coverage available to their individual accounts.
Members with traditional and Roth Individual Retirement Accounts (IRAs) and KEOGH retirement accounts at federally insured credit unions have additional coverage available at each federally insured credit union where they qualify and become members. The NCUSIF insures member traditional and Roth IRAs for $250,000 in the aggregate at each credit union. Additionally, NCUA insures member KEOGH accounts separately in the aggregate to $250,000 at each credit union.
Retirement account insurance protection is separate and apart from insurance coverage on other credit union accounts. For example, if you have a regular share account, an IRA, and a KEOGH at the same credit union, the NCUSIF insures the regular share account for up to $250,000, the IRA for up to an additional $250,000, and the KEOGH for up to an additional $250,000.
Joint accounts are savings or share draft accounts owned by two or more people who have equal rights to withdraw money from the account. The NCUSIF provides joint account holders with $250,000 coverage for their aggregate interest at each federally insured credit union. For example, a two person joint account has $500,000 in coverage. This coverage is separate from and in addition to the coverage available for other accounts such as individual accounts and retirement accounts.
The NCUSIF provides separate coverage for both revocable and irrevocable trusts. Credit unions can establish a common revocable trust payable-on-death (POD) account without additional documentation; however, some trusts require additional, valid documentation to qualify for coverage. While this brochure briefly discusses how the NCUSIF insures trusts, members should consult appropriate professionals to properly establish and document trust arrangements.
How Can I Get More Information?
A brochure entitled Your Insured Funds is available at NCUA’s Internet site http://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUAYourInsuredFunds.pdf (PDF). This comprehensive brochure contains a detailed discussion of all available types of coverage offered by the NCUSIF, along with examples illustrating how the coverage actually works in practice
How Do I Know My Credit Union Is Federally Insured?
Federally insured credit unions are required to indicate their insured status in their advertising and to display the official NCUSIF insurance sign in the offices. NCUA’s Internet site provides a directory of federally insured credit unions at
NCUA Share Insurance Estimator
NCUA has a Share Insurance Estimator on its Internet site to help members better understand the protection offered by the NCUSIF. This interactive site allows users to input hypothetical data to compute the amount of NCUSIF coverage available under different account structure scenarios. This resource is available at the link http://www.mycreditunion.gov/estimator/Pages/index.html.