Financial Resources – News Articles & Links
Is It Time to Upgrade Your Vehicle?
If it’s been a while since you’ve purchased your last vehicle, you may not be up-to-date on all of the latest features of new cars. A recently published article from Consumer Reports helps educate car shoppers on new safety and convenience features to look for when upgrading your current vehicle. Here are some that are featured in the article:
- Automatic emergency braking
- Forward collision warning
- Blind spot warning/alert
- Automatic high beams
- Rear cross traffic warning
- Android Auto and Apple CarPlay
- Physical knobs for audio and climate systems
- 360-degree surround-view camera
- Auto-dimming mirrors
- Fast USB charging
- Keyless entry
- Multizone climate systems
- Power driver’s seat with height-adjustable lumbar
- WiFi hotspot
- Wireless charging pad
Source: Consumer Reports, March 2019, www.consumerreports.org
Beware the Password Scam!
How it works
The victim gets an email from a "hacker" claiming to have cracked their passwords, broken into their computer and used their webcam to watch online activity. They'll threaten to reveal that the victim has been visiting disreputable sites or to loot their accounts-unless the victim pays a steep price.
Important Update about your EMV Chip Debit Card
When you use an EMV chip-enabled debit card to make a payment, most merchants that are equipped with EMV chip card terminals give you the option of paying as either “Debit” or “Credit.” Either option may require you to enter your PIN. Always inform the cashier "you want to choose credit.” You might encounter the two options - US MasterCard or International MasterCard, always choose International MasterCard; and your transaction will be completed as a credit transaction. You may also see US MasterCard and MasterCard, choose MasterCard and your transaction will be completed as a credit transaction. Please note, you may still be required to enter a PIN, but as long as you select credit, International MasterCard or MasterCard, the transaction will be processed as a credit transaction and not Point of Sale (POS). If you don't see these options, the merchant you are shopping with has decided for you; and they will only route it through US MasterCard as a POS transaction.
Many members who make purchases with their debit cards at certain retailers, no longer have the option of choosing “Credit” when making their payment. Unfortunately, some stores have made the business decision to require their customers using a debit card to use the “Debit” option and enter their PIN, thus making the “Credit” option unavailable. When your purchase, if over $50, goes through as a pin-based POS debit transaction, it will incur a nominal 50 cent fee.
If a retailer does not permit you to select “credit” at the sale terminal, you have the following options:
- Complete the transaction and pay a 50 cent fee
- Cancel out of transaction; and pay with a First Service VISA Credit Card instead
- Cancel out of the transaction and pay with a check or cash
Let your voice be heard! If a retailer tells you that you no longer have an option on how to pay for your transaction – we encourage you to call or write the store. Let them know that as a consumer, you want them to bring back your choice on how you pay for your purchases.
Additional online resources:
- MyCreditUnion.gov - Financial tools and calculators, including college savings, student loans, mortgages and retirement savings. Users also have access to a personal budgeting worksheet.
- Pocket Cents - A financial literacy tool for all age groups which provides personal finance lessons and tips for groups including youth, tweens, teens, young adults, families, seniors, parents, educators and service members.