You can continue to use your existing checks. There are nearly 30,000 across the United States, click here to find the one nearest you. You will continue to enjoy fee-free access to CO-OP Network ATMs for deposits and withdrawals. If you need a copy or image of a particular check, please reach out to our Contact Center at 80 and they will assist you with this request. You will not be able to access images of any previous checks you may have cashed in the new Digital Banking Platform. Please keep this statement as a reference point. This statement will be delivered by either mail or electronically based on your previous statement preferences.
StatementsĪll members will receive a final statement from the MemberFocus system for month-end July. A dividend payment will also be made on September 30 for the months of August and September. Quarterly Dividend PaymentsĪccount types with dividends paid quarterly will receive a dividend payment on July 31 for daily balance(s) during July. All recurring payments currently setup will process as scheduled after August 1. You will see images of these checks in your account history once they clear. Funds for payments sent by check will remain in your account until the check clears. We will begin to check your account twice (once in the morning and once in the afternoon) to see if funds are available. Beginning August 1, you will notice a difference in how payments are processed. If you use Bill Pay, your payments will process as scheduled. If you receive paper statements, this was mailed to you separately. Your June 30 eStatement contained updated Account Agreements and Disclosures, including a revised Fee Schedule. Important Account Information Account Agreements and Disclosures
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Please feel free to contact us at 80 if you have any additional questions. Most importantly, please make note of any dates leading up to August 1, 2022. The team you have come to know at the Dearborn locations will continue to assist with your every-day financial needsīelow, you'll find a comprehensive overview of our merger integration and what you can expect from your credit union moving forward.
Your savings remains federally insured to at least $250,000 by the National Credit Union Administration, a U.S. A newly issued Visa Debit Card with the LOC Credit Union logo.Access to branch locations in Farmington, Hartland and Howell.What does this system integration mean to you? In short it means: It’s important to note that both of the former credit unions are on the same core processing system which leads to a more seamless integration and provides economies of scale. The entire team of the newly combined credit union has spent several months preparing for a smooth transition for our members. The final phase of this merger occurs August 1st, when our system integration takes place. This culminated nearly a year and a half of discussions and groundwork by both credit unions, and the approval of the merger by LOC Credit Union members on April 26, 2022. On July 1, 2022, MemberFocus Community Credit Union became LOC Credit Union with the Dearborn locations continuing to operate as MemberFocus Community Credit Union, a division of LOC Credit Union. We've Put Together a Complete Guide To Help You Through the Merger.
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