Important information about SCCU debit and HSA cards

Superior Choice Credit Union will be upgrading debit and HSA card processing in July 2019

We’re updating our debit card processing services to better serve your financial needs. As part of this process you may receive a new VISA card to replace your current Superior Choice Credit Union debit or health savings account (HSA) card. New debit and HSA debit cards will be arriving in your mailbox after July 8, 2019. This transition will affect debit and HSA cards starting with the digits 4600 07 or 4307 48.

Follow these instructions for a smooth transition

  • Please activate your new card by calling the number shown on the face of the new card.
  • You can activate and start using your new card as soon as you’d like.
  • The last day to use your old card will be Tuesday, July 23, 2019. Your old card will no longer work after this date!
  • Once you have activated your new card and ensured it is working by making a transaction, you may destroy your old card by cutting it up.
  • If you have any pre-authorized or recurring debits (gym membership, insurance payments, subscription services, etc.), you will need to update those merchants with your new VISA card information.
  • Your existing card alerts will not be converted. You will need to establish new alerts for your new card.
  • Your existing PIN will not transfer to your new card. You must set a new PIN to be able to successfully withdraw cash from an ATM or make PIN-based transactions. You may set your PIN by calling the activation phone number 24/7 or by calling the credit union at 1-800-569-4167 during normal business hours. If you do not set a new PIN, your card will be blocked for security purposes after making three unsuccessful PIN-based transactions.

FAQ

WHY ARE YOU SENDING OUT NEW DEBIT AND HSA CARDS?
We are in the process of switching our debit/HSA/ATM card processor in order to better poise the credit union for advanced security features and digital options in the future. Due to this technology change, cards that were issued on the old system will not work. We are sending new cards to a majority of our members in July 2019 to prepare for the change in processors.

WILL EVERYONE RECEIVE A NEW CARD?
Members with a debit card number that starts with the digits 4600 07 or a health savings account (HSA) card number that starts with the digits 4307 48 will receive a new debit or HAS card in the mail after July 8, 2019. If you have an SCCU debit card or a former Dairyland State Bank debit card that does NOT start with the digits 4600 07, your card will be reissued at a later date.

WHAT ABOUT MY ATM CARD?
At this time, your ATM card will continue to work as it has before. You will only receive a new ATM card if it expires or is reported lost or stolen.

WHAT ABOUT MY CREDIT CARD?
SCCU credit cards are not part of the July 2019 reissue project.

WHEN WILL I RECEIVE MY NEW CARD?
If your card is a part of the July 2019 re-issue project (see the “Will everyone receive a new card?” question above), you should receive your new card after July 8, 2019. If you do not receive a new card prior to the July 24, 2019 deactivation date for old cards, please contact the credit union at 1-800-569-4167.

WILL MY CARD NUMBER BE THE SAME AS MY OLD CARD NUMBER?
No, you will have a new card number, expiration date, and CVV.

WILL I NEED TO SET UP A PIN FOR MY NEW DEBIT OR HSA CARD?
Yes, you will be able to set up a PIN when you activate your new card by following the instructions that will be included with your new card.

MY CARD DOESN’T EXPIRE FOR A LONG TIME, CAN I CONTINUE TO USE IT?
If you are reissued a new debit or HSA card, you will not be able to use your old card. We are switching to a new processing platform on July 24, 2019 and your old debit or HSA card will not work on the new platform.

WILL MY NEW CARD HAVE A DIFFERENT DESIGN?
Yes! We will have new debit, HSA, and ATM card designs that complement each other, but are clearly labeled with the card type.

WHEN DO I NEED TO ACTIVATE MY NEW CARD?
If you receive a new debit or HSA card, it should be activated as soon as possible. Once you have tested that your new card is working properly by making a successful transaction, you may destroy your old card by cutting it up. Your old SCCU debit or HSA card will not work as of July 24, 2019 so it is very important that you activate your new card. Your card will come with activation instructions.

WHAT IF I AM TRAVELING BETWEEN JULY 8 AND JULY 24 AND WON'T HAVE ACCESS TO MY MAIL?
If you anticipate being away from your home address between July 8 (when the new cards were mailed out) and July 24 (when current cards will stop working) be sure to travel with alternative payment options such as a checkbook, cash, or credit card. In addition, SCCU members have access to their accounts at thousands of credit unions nationwide thanks to our Shared Branching network. Click here to learn more about shared branching.

WHAT WILL HAPPEN IF I DON’T ACTIVATE MY NEW CARD?
If you don’t activate your new card prior to the July 24, 2019 conversion date, you will not have access to your checking or HSA account with your old card. Any recurring payments scheduled for July 24, 2019 or afterward will not be processed without updating merchants with your new card information.

WHO SHOULD I CALL FOR AFTER-HOURS SUPPORT FOR MY NEW DEBIT OR HSA CARD?
The new after-hours support number will be 866-553-2917. During business hours, please call us at 800-569-4167 or stop by your nearest branch of SCCU.

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SCCU Retirement and Financial Advisors: Diversification, Patience, and Consistency

Diversification, Patience, and Consistency

Three important factors when it comes to your financial life.

Provided by Wendy Otterness

Regardless of how the markets may perform, consider making the following part of your investment philosophy:

Diversification. The saying “don’t put all your eggs in one basket” has real value when it comes to investing. In a bear or bull market, certain asset classes may perform better than others. If your assets are mostly held in one kind of investment (say, mostly in mutual funds or mostly in CDs or money market accounts), you could be hit hard by stock market losses, or alternately, lose out on potential gains that other kinds of investments may be experiencing. There is an opportunity cost as well as risk.1

Asset allocation strategies are used in portfolio management. A financial professional can ask you about your goals, tolerance for risk, and assign percentages of your assets to different classes of investments. This diversification is designed to suit your preferred investment style and your objectives.

Patience. Impatient investors obsess on the day-to-day doings of the stock market. Have you ever heard of “stock picking” or “market timing”? How about “day trading”? These are all attempts to exploit short-term fluctuations in value. These investing methods might seem fun and exciting if you like to micromanage, but they could add stress and anxiety to your life, and they may be a poor alternative to a long-range investment strategy built around your life goals.

Consistency. Most people invest a little at a time, within their budget, and with regularity. They invest $50 or $100 or more per month in their 401(k) and similar investments through payroll deduction or automatic withdrawal. They are investing on “autopilot” to help themselves build wealth for retirement and for long-range goals. Investing regularly (and earlier in life) helps you to take advantage of the power of compounding as well.

If you don’t have a long-range investment strategy, talk to a qualified financial professional today.

Wendy Otterness may be reached at 715-398-8917 or [email protected]

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members.
Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

Citations.
1 - forbes.com/sites/brettsteenbarger/2019/05/27/why-diversification-works-in-life-and-markets [5/27/19]

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SCCU sponsors Summer Dollar Days family movies in Ladysmith

We're excited to partner with Miner Theatre in Ladysmith for their Summer Dollar Days program offering affordable, family-friendly movies all summer long!

Head to the Miner Theatre for these SCCU-sponsored movies:

  • June 11 at 2 p.m. — Hotel Transylvania 3: Summer Vacation
  • July 16 at 2 p.m. — Matilda
  • August 6 at 2 p.m. — Cloudy with a Chance of Meatballs

Summer Dollar Days features family-friendly movies for just $1 per person all summer long. For the full schedule of events, click here to visit the Miner Theatre website.

 

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Cap and Benjamins: Using Graduation Gift Money

college grads throwing capsSo, you’ve graduated from college. While it may be tempting to take your graduation gift money and spend like crazy, using the money wisely will set you up for a healthy financial future.

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Have some stunning local photos to share? Enter our photo contest!

What we're looking for

Striking digital images of local landmarks and landscape.

How to enter

A max of 2 photos per entrant must be submitted in digital format (high-resolution JPEG) to [email protected] by close of business Friday, June 28, 2019. We will require an entry form filled out with full details including name, phone number and address.

Rules

• Must be 18 years or older to enter
• Entries must be submitted via email by Friday, June 28, 2019.
• Entries must be your own work
• If you choose to include people in your submission, you must be able to provide signed copies of photo releases for each individual.
• Photos must be at minimum 6-million-pixel resolution (2800X2800 pixels)

Prizes

There will be up to eight winners. A $25.00 VISA gift card will be awarded to the winners, as determined by a panel of SCCU staff member judges.

Entry form

Click here for a PDF entry form. Digital photos and entry forms must be submitted via email. Physical copies or faxes of photos/entry forms will not be accepted.

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Join us for the Twin Ports Elder Abuse Awareness and Prevention Forum

stop elder abuse squareDo you know what to do if you are experiencing,  observing or suspecting abuse? Do you know what you need to know to project yourself  or someone else from financial exploitation, fraud, scams and other forms of elder abuse?

One out of 10 older adults experiences some type of elder abuse each year. Learn what you can do to keep yourself and/or friends and family safe.

Join Superior Choice Credit Union and a number of other community partners at the 2019 Twin Ports Elder Abuse Awareness and Prevention Forum on Friday, June 14 from 11:30 a.m. to 1:30 p.m. at the Superior Public Library. There is no charge to attend, but registration is requested to provide a head count for the meal.

This forum will give participants an increased understanding of the incidence of elder abuse in our community and the many ways it is perpetrated.

A panel of community experts who work with people experiencing, observing or suspecting all kinds of elder abuse will introduce you to the services they provide and answer your questions. There will be resource materials available from many agencies throughout the Twin Ports who can help you prevent and end abuse.

Click here to register online, or call 715-394-8469 to RSVP. More details may be found online on the official event page.

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Want to grow your money? Check out two great accounts with two great rates

Earn up to 1.75% APY1 with AMP Checking

AMP Checking is great for those who are interested in earning a greater return on their balance, without increasing their risk. Account details:

  • $25 initial deposit
  • No monthly balance requirement or monthly account fees
  • Cash back at merchants
  • No fee at SCCU ATMs
  • And more!

Earn 2.50% APY2 with a Choice Investment Money Market Account

Enjoy flexibility while earning a higher dividend rate. Account details:

  • Minimum balance requirement of $50,000
  • Make up to six withdrawals per month

Choose the account that fits your needs and start growing your money today!

 

1 APY = Annual Percentage Yield. Rates effective 4/1/2019. These are variable rates and are subject to change at any time. Requires enrollment in eStatements to qualify for rates. AMP checking accounts that do not meet the qualifications in a statement cycle will earn a dividend rate of 0.00% APY on entire balance. APY for AMP Checking balances up to $30,000.00 = 1.50% APY. AMP Checking balances of $30,000.01 and more = 1.75% APY. Receiving eStatements requires enrollment in online banking with a valid email address. Membership eligibility required.

2 APY = Annual Percentage Yield. $50,000.00 minimum opening requirement. If the balance falls below the $50,000.00 minimum balance requirement, a $250.00 fee will be imposed. During any month, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a draft, preauthorized or automatic transfer, internet banking or instruction, or telephone order or instruction. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union and/or a fee of $5.00 may be debited to this account for each withdrawal or transfer over the six allowed on this account. The minimum withdrawal limit is $500.00. Rates effective 1/08/2019. Rates are subject to change without notice at any time. Membership eligibility required.

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SCCU Retirement and Financial Advisors: Taking Charge of Your Financial Life

Taking Charge of Your Financial Life

Delegating responsibilities to others may lead to problems down the road.

Provided by Wendy Otterness

When you are putting together a household, it isn’t unusual to delegate responsibilities. One spouse or partner may take on the laundry, while another takes on the shopping. You might also decide which one of you vacuums and which one of you dusts. This is a perfectly fine way to divvy up household tasks and chores.

One household task it’s valuable for both partners to take part in, however, is your shared financial life. It’s important, regardless of your level of wealth or stage of life. Counting on one spouse or partner to handle all financial decisions can create a gap for the other partner. Should the one in charge of the money separate, become severely disabled, or pass away, that may leave the other partner in a bind. A situation like that is probably difficult enough without adding additional stress.

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Celebrate June Dairy Month with SCCU's newest branches!

four dairy cows

June is National Dairy Month! Superior Choice Credit Union is proud to support and celebrate our community’s agricultural heritage. Stop by our Bruce, Exeland, Holcombe, Gilman, and Sheldon branches for a Dairy Month prize drawing and a certificate account special all throughout the month of June. We're giving away a summer fun set - a portable charcoal grill, SCCU collapsible camp chairs, and more!

Join us at our Bruce, Exeland, Holcome, Gilman, or Sheldon branches on Friday, June 14 for June Dairy Month giveaways and treats!

Click here to learn more about our June Dairy Month certificate bonus special!

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Complimentary SCCU Retirement & Financial Advisors Seminar: Financial Planning Basics

Complimentary seminar presented by SCCU Retirement & Financial Advisors on Monday, May 13, 2019 from 5:30 to 7 p.m. at the SCCU Administration Building located at 1320 Grand Ave, Superior, WI 54880.

Most of us imagine retirement as a happy time, a reward for a lifetime of hard work, full of possibility and potential. We have good reason to see retirement in a positive light. Americans are living longer, healthier lives than ever before. In fact, for some of us, retirement will make up a full third of our lives. Of course, this means that our retirement assets will have to do more for us over a longer period of time. This makes planning for our retirement essential.

In this seminar on Retirement Basics, you'll learn:

  • How to put together a retirement road map
  • Factors that influence when you should retire and how long your retirement could last
  • How to "crunch the numbers" by estimating your retirement expenses and retirement income, while factoring in inflation and taxes
  • How to use tax-advantaged savings vehicles like IRAs and 401(k)s

You'll also receive a free workbook created just for this presentation. The workbook contains key information, worksheets, and questions to help you remember important points from the seminar.

To reserve your spot, please contact 715-398-8918 or email [email protected]


Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, D/B/A SCCU Retirement and Financial Advisors which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

Representatives are neither tax advisors nor attorneys. For information regarding your specific tax situation, please consult a tax professional. For legal questions, including a discussion about estate planning, please consult your attorney.

FR-2515213.1-0419-0519

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LSS Financial Counseling: Planners, Advisors, or Counselors: Who should you turn to?

This post was originally published on the LSS Financial Counseling Sense & Centsibility Blog. Click here to see the original post.

Financial Planner vs. Financial Advisor vs. Financial Counselor

Have you ever been confused by where to turn when you need help with your finances? With over 183 different professional designations, (according to the Financial Industry Regulatory Authority (FINRA)), it wouldn’t be surprising if you were! The following definitions may help clear things up a bit.

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Twin Ports branches and admin office/call center delayed opening Friday, April 12

Our Twin Ports branches, along with our administrative office with call center, will delay opening until 11 a.m. on Friday, April 12, 2019 due to unsafe conditions related to our recent winter storm.

Thank you for your understanding.

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SCCU Retirement & Financial Advisors Seminar: Investment Basics

Complimentary seminar presented by SCCU Retirement & Financial Advisors on Tuesday, April 23, 2019 from 5:30 to 7 p.m. at the SCCU Administration Building located at 1320 Grand Ave, Superior, WI 54880. 

The best investing strategy is a carefully planned and prepared approach to managing and accumulating money. A well-planned strategy can help you meet your short-term, mid-term, and long-term financial goals. Investment planning requires discipline and patience. But it doesn’t have to be difficult.

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Enter to win a pair of Pancake Day tickets!

Superior Choice Credit Union is a proud sponsor of the 62nd Annual Duluth Lions Club Pancake Day event on Thursday, May 2 from 6 a.m. to 8 p.m. at the DECC in Duluth. Proceeds from this annual event help to provide services for sight, hearing, diabetes, youth activities, and the Lighthouse Center for Vision Loss.

Five lucky winners will be randomly selected to win on Wednesday, April 10, 2019 at 11 a.m. central time. Tickets will be mailed to the address entered in the form below. SCCU staff/board members and family members of staff/board members are not eligible to win. Must be 18 or older to enter. Contest void where prohibited.

Click here for the contest entry page.

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The Future Is Yours: Picture it. Save for it. Share it. — Youth Month 2019

Instagram logo youth month 2019Dreaming of our ideal future delights and inspires us. Children, with their wild imaginations, are particularly good at dreaming. But to make dreams come true, you need to have clear goals and, very likely, save some money to make them happen. Superior Choice Credit Union can help you on both counts.

This April, we’re celebrating Youth Month, and the theme is “The Future is Yours: Picture it. Save for it. Share it.” We’re encouraging all members, particularly our youngest, to write down their dreams, create vision boards, and encourage each other. These activities will help lay the groundwork for their future success.

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New Exeland Branch hours effective April 1, 2019

Please see the new hours for our Exeland Branch, effective April 1, 2019:

Exeland Branch Lobby Hours:
Mon, Wed, Thurs 8:30 a.m. - 3:30 p.m.
Closed Tuesdays
Fri 8:30 a.m. - 4:30 p.m.
Lobby closed daily 12:00 p.m. - 1 p.m.
Sat 8:30 a.m. - 12:00 p.m.

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Devise a Down Payment Plan

If you're thinking about buying a house in the next year or two, you may wonder what you're getting into. Among those questions might be: How big a down payment do I need? Where will I get the money?

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FREE SCCU Retirement & Financial Advisors Seminar: Financial Planning Basics

Complimentary seminar presented by SCCU Retirement & Financial Advisors on Tuesday, April 9, 2019 from 5:30 to 7 p.m. at the SCCU Administration Building located at 1320 Grand Ave, Superior, WI 54880.

Everyone can benefit from a financial plan that is tailored to individual needs and circumstances. A financial roadmap can motivate you to save money, help you meet your financial goals, and improve your overall financial security now and in the future.

In this seminar on Financial Planning Basics, you'll learn:
• How to construct a budget and the importance of establishing an emergency fund
• Credit fundamentals
• Basic investment concepts, including risk tolerance and the difference between pre-tax, after-tax, and tax-deferred investments
• Basic estate planning concepts

You'll also receive a free workbook created just for this presentation. The workbook contains key information, worksheets, and questions to help you remember important points from the seminar.

To reserve your spot, please contact 715-398-8918 or email [email protected]

 

Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

Representatives are neither tax advisors nor attorneys. For information regarding your specific tax situation, please consult a tax professional. For legal questions, including a discussion about estate planning, please consult your attorney.

FR-2441200.1-0219-0321

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Updated hours for Bruce, Gilman, Holcombe, and Sheldon branches

Effective Monday, March 4, 2019, the lobby hours for our Bruce, Gilman, Holcombe, and Sheldon branches will be extended by one hour at the end of the day. We are excited to be able to offer this service to our membership. Please see below for the updated hours at each branch:

Bruce Branch
Lobby Hours:
Mon-Fri 8:30 a.m. - 4:30 p.m.

Drive-up Hours:
Mon-Thurs 8:30 a.m. - 4:30 p.m. 
Fri 8:30 a.m. - 5:30 p.m.
Sat 8:30 a.m. - 12:00 p.m.

Gilman Branch
Lobby Hours:
Mon-Fri 8:30 a.m. - 4:30 p.m.

Walk-up Hours:
Fri 4:30 p.m. - 5:30 p.m.
Sat 8:30 a.m. - 12:00 p.m.

Holcombe Branch
Lobby Hours:
Mon-Fri 8:30 a.m. - 4:30 p.m.

Drive-up Hours:
Mon-Thurs 8:30 a.m. - 4:30 p.m. 
Fri 8:30 a.m. - 5:30 p.m.
Sat 8:30 a.m. - 12:00 p.m.

Sheldon Branch
Lobby Hours:
Mon-Fri 8:30 a.m. - 4:30 p.m.
Lobby closed daily 12:00 p.m. - 1:00 p.m.

Drive-up Hours:
Mon-Thurs 8:30 a.m. - 4:30 p.m. 
Fri 8:30 a.m. - 5:30 p.m.
Sat 8:30 a.m. - 12:00 p.m.

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Fee updates effective May 15, 2019

The Superior Choice Credit Union board of directors has approved several fee changes. The following changes will go into effect on May 15, 2019:

  • ATM withdrawals at non-SCCU terminals $2.00
  • Money orders $3.00
  • Statement copies $4.00
  • Courtesy Pay fee $32.00
  • NSF/Overdraft fee $32.00
  • Stop payment fee $32.00 or 2% of check, whichever is greater
  • Cleared Check Image $2.00
  • Outgoing wire fee $20.00
  • Request to mail receipt $1.00
  • Closing Membership Savings within 90 days $25.00
  • Safe deposit box changes:
    • Size 3x5 $25.00 annual rental fee
    • Size 3x10 $50.00 annual rental fee
    • Size 5x5 $40.00 annual rental fee
    • Size 5x10 $60.00 annual rental fee
    • Size 10x10 $90.00 annual rental fee
    • Change locks $60.00
    • Key replacement $20.00

 

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