Interior FCU Newsletter Summer 2020

A Note From Our CEO:

We appreciate all of our members during these uncertain times, and hope that we have been able to financially assist you in more ways than one. With some of the regulations lifting, we will be opening our doors to you once again! We have a plan to start slowly reopening and bringing back our in-person member services staff. On June 15th, we started opening the branches on Tuesdays, Wednesdays, and Fridays, from 10:00 am to 1:00 pm. We installed floor markers to help members maintain social distancing and sneeze guards at the teller windows. Our employees will be wearing masks, and we encourage you to do the same. We will be following sanitation guidelines from the CDC to maintain a safe environment for everyone. Please help us to make the re-opening process an easy and safe transition. In addition, we will also be extending our contact center hours to 6:00 pm EST for members who live and work on the west coast. We hope our changes have made a positive impact on your banking needs and we will continue to serve you as Your Natural Resource for Financial Services.

More about the promotion here

Receive 0% APR Intro Rate on VISA® Purchases

If you don’t have an Interior FCU credit card, now is the time to apply--our rate is better than the national average of 14% APR. Available to current cardholders and new cardholders. For the next 3 billing cycles, we are offering a 0% Intro APR on NEW purchases. You will receive a 0% Intro APR for 6 billing cycles from the 1st qualifying transaction made between July 23, 2020 through October 22, 2020. Any previous purchases will remain at the agreed upon APR before the promotion. Here’s how it works:

  1. Apply for a Visa credit card
  2. If approved, activate the card. The first purchase you make on or after July 23rd - October 22nd will begin your 3 months of 0% APR Intro rate.
  3. Enjoy the 0% APR Intro rate for the next three months! Then, the rate will revert to as low as 7.85% APR for Visa Platinum cards and as low as 9.85% APR for Visa Platinum Rewards cards.

With our Visa Rewards Card, you not only benefit from 0% APR Intro rate, but you also earn points on your purchases to redeem them at a later date for cash, concerts, vacations, donations, and more! An Interior FCU Visa Card is convenient, too. With our Visa Access portal, you can check your balances any time, anywhere, and monitor your Member Rewards.

This does not apply to cash advances or balance transfers. If you are interested in transferring balances from other cards, those balance will be 2.90% Intro APR for 6 billing cycles. Both of these rates will revert to your regular rate outlined in your credit card loan agreement, and/or is currently as low as 7.85% APR for Visa Platinum and as low as 9.85% APR for Visa Platinum Rewards.

Annual Meeting 2020

The Credit Union will be holding its annual meeting virtually on August 19th, 2020 at 2:00 PM EST. If you would like to attend, Register Here. The Board of Directors determined a virtual meeting will help keep our employees, members, and the community safe from potential COVID-19 spread and exposure.

Thank you for your patience as we navigate these ever changing circumstances.

We've Got Great Rates on RVs, Campers, Trailers, Etc.

We have some of the best rates in the country and are helping our members save on their monthly vehicle loan payments. Travel for many of us has changed significantly in the last 3 months, so how are people choosing to take their vacations this year? By hitting the roads. RV and Camper sales are up and many people are hitting the parks!

With rates as low as 5.30% APR, get geared up for your summer get-a-way! We finance RVs, Campers, Trailers, Motorcycles, Boats, ATVs—anything that has a title. (And we have signature loans if it’s not titled!) Get started today!

Currently, we are offering NO PAYMENTS FOR 90 DAYS on vehicle loans. That's 3 months where you will not have to worry about a payment and can keep more money in your wallet! Interest will begin to accrue on the day the loan is funded.

What Are The Benefits of Having An Interior FCU Vehicle Loan?

Already have a loan with another financial institution? We may be able to refinance your loan to a lower monthly payment with a better rate!

With our fast decisioning and low rates, you'll be in the driver's seat in no time! Our vehicle application is available to you 24/7 through online and mobile banking. Apply now to get started on your application!

Introducing: Carvana®

In a world full of uncertainties, many of life's big moments are being put on hold. At Interior Federal Credit Union, we understand that not everyone can delay their next car purchase.

If you need to buy or trade a car, check out our new partner, Carvana. Their website lets you purchase a car 100% online from the comfort and safety of your own home. The Carvana team will bring it straight to your door, with a touchless delivery process designed to keep you safe. We're all in this together.

New Changes to Reg CC

Change can be GREAT - more of your funds can now be accessed

We want you to know there's been a change in Federal Reserve regulations, so we're updating our disclosure. Starting July 1, 2020, the amount of funds available when you deposit a check may increase.

Here's what's changing:

  • The first $225 from most check deposits (previously $200) will be made available on the first business day after the day of your deposit. The remaining funds will be available on the second business day after the day of your deposit.
  • Check deposits totaling more than $5,525 on any one day (previously $5,000) may be held up to 7 business days. The first $225 will be available the next business day.

There is nothing you need to do, except enjoy the increase in available funds! You should have received a notice in your June statement that was sent on July 1, 2020, or access it through the button below.

Access Your VISA® member rewards

As a Visa Rewards cardholder, did you know that you can access our Member Rewards program from your mobile phone? Within Mobile Banking, you can view your available points, redeem rewards, view your rewards account statement, check on the order status of your reward(s), and more!

It's simple, easy, and convenient for when you're on-the-go!

Standard message and data rates may apply.

Visa® Skip a Pay

Visa Credit Card holders in good standing will be able to skip their June, July, and August payments. There is no action needed on your part. You can choose to either skip or pay your bill. There will be a statement message on your next Visa Statement that will explain the special skip program. Interest will accrue during the month when a payment is not made.

Balance Transfer

Enjoy a rate of 2.90% Intro APR for 6 months

After the 6 months, the rate reverts to as low as 7.85% APR for Visa® Platinum Credit Cards and 9.85% APR for Visa Platinum Rewards Credit Cards. A balance transfer can help to consolidate debt and put it all on one low rate interest payment. By choosing a balance transfer you could pay down credit card debit quicker and save more!

Contactless Cards are HERE!

For a limited time, we are offering our new contactless credit cards to current and new cardholders... FREE of charge! Now, more than ever, safety is important. With these new contactless cards you can just hover over the payment terminal, no need to hand your card to the cashier or swipe. Please contact us at 800.914.8619 to place an order for your new credit card. To learn more about other digital banking products Interior FCU offers, view our recent blog article.

Serve on the Board of Directors

The Credit Union is searching for volunteers with energy, initiative, and interest in serving on our board of directors. Qualified members who would like to run in the 2021 Board of Directors election must submit an application online by August 28, 2020. If you have any questions, please call 800-914-8619 or email contact@doifcu.org.