Welcome to Towpath Credit Union
A GREAT NEW AUTO DISCOUNT PROGRAM!
In addition to our already low interest rates, you can now save even more by financing your new car or truck through Towpath Credit Union.
Members can save an additional $250.00 to $1,000.00 with the new INVEST IN AMERICA program. Currently limited to Chrysler and GM models,
this is an excellent program to look into if you are considering purchasing a new vehicle. For complete information go to www.lovemycreditunion.org.
The Akron Saves program is having “Roll Your Change Week” from January 19th thru the 23rd.* During this week participants are encouraged
to roll their change and bring it to their financial institution to be placed into their savings account. Here at Towpath we are adding
our own special twist to this: you don’t have to roll it! We will have coin machines in each branch to do it for you! And, as an extra bonus,
we will deposit an extra 10%** of your total into your savings account! So if you bring in $100 in change we will pay you and extra $10.00.
Want more? We will also be awarding a $100 3-month Certificate of Deposit to the member who deposits the highest amount***!
If you know of anyone who is not yet a member and would like to take advantage of this great offer tell them to bring in their change and become a member!
*Towpath Credit Union will be closed Monday, January 19 in observance of Martin Luther King Jr.Day. Deposits must remain in your savings account for a minimum of 30 days.
**Unrolled coins only. Limit $1,000 per member. ***In the event of a tie a drawing will determine the winner of the $100 CD.
$10 GIFT CARD FROM SAM'S CLUB
Towpath Credit Union members can get a $10 gift card from Sam's Club just by opening a new Sam's Club membership
or by renewing an existing one by January 25, 2009. For more details, download a coupon
here.
New Jamsession and Kidz Quarter now online!
The Winter 2009 youth newsletters are now now online.You can download
Jamsession here and download Kidz Quarter
here.
Both the Towpath Credit Union 2009 Scholarship application and the Ohio Credit Union League Chapter scholarship
application are now available at both of our branches! Each year Towpath Credit Union offers a $1,000.00 scholarship
to an eligible area high school student. The only requirements are that the applicant must be a senior in high school
and a member of Towpath Credit Union. The deadline for this year’s application is February 28, 2009.
Also available are several scholarships from the Summit Chapter of the Ohio Credit Union League.
They are offering three scholarships, one for $1,500 and two for $1,000 each. If you are chosen to receive
a scholarship from the Summit Chapter, your application may then be chosen to participate in the statewide scholarship
program sponsored by the Ohio Credit Union League which awards five scholarships of $2,500 each. The applicant need not
be a member of a credit union. The deadline for filing this application is February 27, 2009.
All area high school seniors are encouraged to apply for either one or both of these scholarships.
You can stop by the Akron or Fairlawn branch and pick up an application or download the Towpath Credit Union
application here and download the OCUL application here.
*Annual Percentage Rate. A sample monthly payment based on a $2,000 loan for 12 months at a rate of
10% APR would be approx. $175.84. All rates are subject to change wihout notice. The Holiday Line of Credit
is available from Nov. 1, 2008 - Jan. 31, 2009
Towpath Credit Union has partnered with Akron Saves, a joint initiative of the City of Akron,
America Saves and The United States Conference of Mayors’ National Dollar Wise Campaign.
During the next few weeks we will be asking you to join the Akron Savings Community and start saving today.
Build wealth, not debt. For more information visit their website,www.akronsaves.org
INFORMATION REGARDING AMERICAN SHARE INSURANCE
For over 34 years, ASI has insured each and every account of an individual member to $250,000 without
limitation as to the number of the accounts held. (See member example below).
No credit union member has ever lost money in any ASI-insured credit union account.
ASI is owned by credit unions, not risk-taking Wall Street investors, and only insures credit unions. Currently, over 1.5 million members belong to credit unions insured by ASI.
ASI-insured credit unions are well-capitalized and financially sound.
ASI’s equity ratio of 1.49% is greater than that reported by federal deposit insurance funds.
ASI does not hold any mortgage-backed securities or exotic investments. ASI’s balance sheet exhibits solid characteristics with 25% invested in cash and cash equivalents, 70% in U.S. government-guaranteed agency bonds and US Treasuries, and 5% in other assets.
ASI is not assigned a traditional insurance industry rating by companies like A.M. Best or Standard and Poor’s due to the limited number of companies in our industry. Financial data and other information are supplied to rating services annually for their review and analysis.
The ASI insurance fund has never needed a bailout and doesn’t need one now. It is a strong, high-quality program that members can trust and rely upon!
If you have any questions please call American Share Insurance at 800.521.6342 or visit their website at www.americanshare.com
Stop paying outrageous interest charges to those big credit card companies! You don't
need to when you have a Towpath Credit Union VISA card. Come in to either the Akron or Fairlawn branch and fill out an application or
download one here.
- 9.99% FIXED APR* (Applies to purchases AND cash advances)
- 14.99% FIXED APR*
- No annual fee
- No cash advance fee
- No balance transfer fee
- Credit lines available up to $5000
- 8.88% FIXED APR* (Applies to purchases AND cash advances)
- No annual fee
- No cash advance fee
- No balance transfer fee
- Cash back on purchases
- 1% rebate on balance transfers ($50.00 max.)
- Credit lines available up to $10,000
*Annual Percentage Rate 8.88% - 9.99% - 14.99% determined by credit history.
***FRAUD ALERT***
Thousands of Ohioans have been receiving messages via text, email, and voicemail stating their services were suspended,
followed by a phone number to call. The Ohio Credit Union League is urging recipients of these messages to not call this
number because it is a phishing scam. Instead, call your financial institution directly to report your receipt of the message
so they may alert the proper authorities and place a hold on your account if necessary. At present, there have been five unique
phishing scams purporting to be from credit unions in the past two days.
Phishing is a fraudulent attempt to try to access sensitive information by appearing as a trusted source. In this case,
the message appears to be sent by a credit union or financial institution asking you to contact them. The message is similar to the following:
Your Credit Union of Ohio services was suspended for suspicious activity, call us; and is followed by a long distance phone number.
Other credit union names and phone numbers have been used. Once the call is placed, an automatic message prompts the caller to enter their
credit or debit card information.
If you receive a one of these calls, here's what you should do:
Report the message to your financial institution to see if it warrants further action to protect their member.
Report receiving the message to your phone service provider.
Report the information directly to the FBI at www.ic3.gov for investigation.
Anyone who provided their personal information to the fraudsters should go immediately to the FTC's website at www.ftc.gov/idtheft and follow the steps provided to minimize their losses and help protect their good credit.
Towpath Credit Union is pleased to announce that we are now offering Stretch Pay,
a special loan program that will help members who need a small-dollar loan to carry them over until
their next regularly scheduled pay check.
Stretch Pay is designed to make it easy for members to obtain short term credit with one important
difference: a borrower must repay their entire outstanding balance (plus interest) before another
advance is permitted. A big advantage to the member is that the fees are much less than a traditional
pay-day lender and the loans help build a positive credit history.
Here’s how it works - Loans are limited to $250.00 with a $35.00 annual fee that is paid from
the first advance. The loan must be repaid within a 30 day period. At 18.00% APR* interest your 30 day
interest would only be $3.70.
StretchPay is a real loan that you can use over and over again. Once you pay off the loan, you
can use it again ... with no applications and no hassles!
Member Requirements:
•Must be 18 years of age or older
•Primary member on the account
•Must be a Towpath Credit Union member
for at least 60 days
•Positive balance on all accounts and
no delinquentcy on any loans with
Towpath Credit Union
•Has verifiable income for the last 6 months of $1,000 a month or more
•Not in process of filing bankruptcy
•Has not caused a loss at another
StretchPay participating Credit Union
If you are interested in obtaining a Stretch Pay loan, please contact a
member services representative at either the Akron or Fairlawn branch.
You can download an application here
SHARED BRANCHING IS HERE, JUST LOOK FOR THE SWIRL!
Towpath Credit Union now has thousands
of branch locations across the country as a proud member of the
Shared Branching network, a nationwide credit union cooperative
that allows you to conduct basic teller transactions at over 2,000
locations nationwide.
Whether you travel across town or move out of state, trust that
Towpath Credit Union will be there for you with the same friendly credit
union service you expect. All you need is your member account number
and Photo ID. Click here for the locations of participating credit unions near you.
MEMBERS CHOICE!
Looking for a new or pre-owned car?
These are the top three dealers our members patronized last month:
- Fred Martin
- Park Acura/Mazda/Honda
- Vandevere
For a complete list of dealerships
click here.
For a list of local dealerships
click here.
Is your checking account totally free?? If not, we can help!!!
Our totally free checking account also offers: debit card - bill pay - online access - direct deposit and e-statements!
Already have a checking account with Towpath?? Sign up for a debit card, bill pay, online
access, direct deposit or e-statements today!!!
INTRODUCING ESTATEMENTS!
Click here to download the Towpath Credit Union eStatement application.
Click here to download the Towpath Credit Union Electronic Account Agreement and Disclosure.
MORE FREE ATMS!
All ATM machines at Sheetz gas stations are FREE ATMs! Remember, you get five free ATM and
Debit transactions per month when you use your Towpath Credit Union ATM card or MasterCard Debit Card. In addition, click on
the Alliance One link on the left side of the page to find the FREE ATM location closest to you!
CHECKING ACCOUNT REMINDER
Per REGULATION E, a Federal regulation governing all deposit and transaction accounts, automatic transfers from savings to checking are limited to six per month.
However, you can call us to transfer funds as many times as you like with no charge.
ATTENTION: MEMBERS
Some members have received emails from the National Credit Union Administration
(NCUA) and other organizations asking them to verify personal and account information.
Please do not reply to these emails. Delete them. NEVER share personal information.
It has also come to our attention that some people have received emails from
"service@akrontcu.com" and/or "security@akrontcu.com." These email accounts are
NOT valid. Do NOT respond to them. If we need updated information from you, we
will contact you directly by phone or regular mail. Treat all
unsolicited emails requesting financial or personal information as fraudulent.
*** New Scam Alert ***
Please be aware of a new email scam aimed at credit union members. The scam emails feature a subject line of
"Get your $50.00 Reward Survey with Credit Union National Association" and carry the America's Credit Unions logo.
The message begins with "Dear National Credit Union Administration Customer" and asks recipients
to answer five survey questions in exchange for a $50 credit to their account. Recipients are
instructed to click on a link and submit their account information supposedly in order for the
money to be deposited. However, they are now a victim of a phishing scam and their personal
account information is at risk for fraud and identity theft. Towpath Credit Union will NEVER ask for personal
information via email. This is completely separate from the member survey that was sent with the June statements.
DELETE ANY MESSAGES YOU RECEIVE THAT ASK FOR ANY ACCOUNT INFORMATION.
BRANCH LOCATIONS
Fairlawn Branch
(Behind Summit Mall)
2969 Smith Road
Fairlawn, Ohio 44333 |
Akron Branch
(North Hill)
645 N. Main Street
Akron, Ohio 44310 |