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MyCom Newsletter – July 1, 2017

By Pamela McCarty | On Jun 29, 2017

Download the entire newsletter here.

Exciting News

MyCom has partnered with ALLPOINT 55,000 SURCHARGE-FREE ATMS WORLDWIDE. Look for ALLPOINT in the following stores: Target, CVS, Rite Aid, Walgreens, Costco, Safeway, Winn-Dixie, Sunoco, CircleK, Kroger

Berkshire County CCUA Chapter President, Pamela McCarty, CEO of MyCom FCU Steps Down

Berkshire County Chapter President Pamela McCarty, CEO of MyCom FCU was honored, for her long and successful credit union career. She has served in the system for 40 years, including 30 years at MyCom.

"Pam's dedication not to just her credit union, but the credit union system through leadership roles like being the chapter president here, embodies the cooperative nature of the credit union system and the Cooperative Credit Union Association. We wish her luck in her next phase of life," said Paul Gentile, Cooperative Credit Union Association President/CEO.

The Board of Directors is pleased to announce the appointment of Nancy Canino as the new CEO of MyCom FCU. Nancy has been with the Credit union for 20 years and is excited to move into her new position. She and her experienced staff continue to offer excellent service to all MyCom members. Congratulations Nancy!

Same-Day ACH Payments: What This Change Means for You

When making a payment, have you gotten used to some lagtime between the transaction and the money clearing your account? This will be going away – for example, if you pay your cable bill by telephone in the morning, the funds could be cleared from your account before 5:00 P.M. the same day.

On September 15, the Federal Reserve will start processing sameday ACH (Automated Clearing House) payments. This is an option that allows funds to move more quickly than in the past, further modernizing current payment systems. Retailers can opt to convert the checks you write to ACH by using the same system that is used for bill payments. Payments you schedule via websites, telephone or mobile apps where you provide your account number could be affected by this change.

Three Tips to be Prepared

Don't Assume Funds Will Clear the Day After Purchase
Habits can be hard to break. Get in the habit now of planning for funds to clear at the time you check out.

Check Your Share Draft Balance
Keeping a low balance can have a negative impact in the event a same-day ACH payment overdraws your account and incurs a fee. Even with courtesy pay or overdraft protection, keeping your account balance at a level that supports your spending is the best way to keep your account in the green.

Ask Questions
We are here to help! Leading up to and after this change occurs, watch your statements for additional announcements. And as always, please contact us by phone, email, or stop into our branch to ask any questions that you may have!

Privacy Notice

Federal law requires us to tell you how we collect, share, and protect your personal information. You may review our policy and practices with respect to your personal information at http://www.mycomcu.org/privacy-policy/. Or we will mail you a free copy upon request if you call us at 413-442-6501.

Important Message

Accounts that have shown no activity for the past three years are required by Massachusetts State Law to be sent to the State. Please contact us immediately if your account has been inactive for more than two years.

Download the entire newsletter here.

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Main Office
MyCom Federal Credit Union
101 Fenn Street
Pittsfield, MA 01201
Phone: 413-442-6501
Fax: 413-442-9557
Toll Free: 1-866-297-9778
E-mail: info@mycomcu.org
  ATM Locations
101 Fenn Street
Pittsfield, MA 01201

Big Y
10 Pleasant Street
Lee, MA 01238
Service Charge-free ATM Network for MyCom Members
All Rite Aid ATM’s in Berkshire County, Hampden County & Barnstable County
All Greylock ATM’s

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