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.
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:
All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.
The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account.
For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.
Save trees by signing up for JHFCU’s online e-statements! With e-statements, your monthly statements will be sent straight to your e-mail inbox instead of your mailbox, saving you time and also reducing the possibility of identity theft. To sign up for e-statements, just:
After you start receiving online statements, you view them in PDF format by logging into your JHFCU account and selecting Online Statements. You will receive an e-mail at the beginning of each month letting you know when your monthly statement is available for viewing.
Participate in a free over-the-phone budget counseling session with our partner Accel Most sessions last 1 hour and entail:
At the end of the session you will be provided a copy of the budget and action plan through the mail or email.
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 1st, submit any Hopkins or Baltimore City-related picture you may have to JHFCU for a chance to be featured on our 2013 Calendar.
Pictures must be print quality (high resolution), and e-mailed to Becky Amtmann at ramtmann@jhfcu.org (limit 3 pictures per member). Please include your name and address in your email (pictures will be accredited 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!
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, CEOShare 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.
Retirement 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
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.
Trust 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
www.mycreditunion.gov.
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 www.mycreditunion.gov/tools-resources/Pages/Share-Insurance-eCalculator.aspx.
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