A Year in Review This past year your Board of Directors was charged with making some very hard operational decisions on how we provide our services, what we continue to provide our membership for free, and at what cost we provide other services. Undoubtedly the most controversial decision was the decision to begin charging for [...]

Message from the CEO

  Recently Ben Bernacke, Chairman of the Federal Reserve announced   that he would make no change to the interest rates Fed charges it’s   borrowing banks until 2013. What does that mean to the average   citizen? It means that the Federal Reserve Bank expects the recovery of our economy   to continue a [...]

Message from the CEO

  Without question, the last two years, and 2011 continue to be years   of a challenging economy. Challenging for not only our members, but   also for your credit union. High unemployment, downsizing at   companies, an unstable economy, all continue to be issues everyone   deals with on a daily basis, not only [...]

Message from CEO

Without question, 2010 presented us with some unique challenges.  An unstable economy put fiscal distress on governments and industries across the nation.  Fortunately, your credit union, and the credit union movement was not impacted as negatively as other industries.   In fact, when other financial institutions struggled to maintain positive capital adequacy – the benchmark [...]

Interchange Fee Legislation Contact Congress Today! Dear Member- I am writing to you about an issue that could negatively impact you and all members of our credit union.  The U.S. Congress is considering legislation that would reduce the amount of interchange fees paid by merchants when they accept a credit or debit card for payment.  [...]

New email Scam

A new email scam is making the rounds.  Recipients are told to enter account #, expiration date and PIN # in order to restore their account.  The email has the  First Class American logo on it and supposedly is being sent from the accounting department.  This is mail is NOT from First Class American Credit [...]

Message from the CEO

WHAT’S NEW AND WHAT IS COMING AT YOUR CREDIT UNION  This year we have spent a great deal of time on expanding our currentservices and implementing new services.  Most recently  we have expanded our mortgage program to increase the types of mortgages to meet our member’s needs.  During the first quarter of the year we [...]

Closed Account Texting Scam

Members and non members are now receiving cellphone text messages stating that First Class American has closed their account and directing the person to a website where they are asked to input confidential information including debit card number and PIN.  This is a Phishing SCAM and the website that people are being directed to is [...]

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Beware of FAKE FCACU Website and Login Members are receiving emails stating the member has a MESSAGE ALERT and to log in to online banking.  A link is provided to a FAKE First Class American website.  When the member logs in to the FAKE online banking the member is asked for information such as Name, [...]

Beware Cell Phone Texting Scam

Members and non-members are receiving text messages on their cell phones  stating that the members “card” is FROZEN and needs to be reactivated and asks for the member to input personal information. This is a SCAM. We have been advised that this SCAM is widespread and that the text messages are being sent to T-Mobile subscribers and [...]