There have been a lot of reports about the implementation of EMV (chip cards) in the news. Especially since a significant date for implementation is Oct 1. (Click here to learn more about what EMV is and how it works.) As of October 1, retailers need to have the ability to read EMV cards as part of regulatory changes. This is not a legal requirement, but if a retailer is not ready to accept the EMV cards, they become liable for more fraud damages. In the past, the issuing credit card bank or credit union took on the cost of fraudulent card activity. As part of this EMV transition, issuing banks are being asked to supply the EMV cards to their cardholder over the next two years. Here at NUFCU we are working with our card vendor to start issuing EMV cards in late 2016. These details have not all been finalized, so check back as we provide more information on how we will transition to EMV.
Lincoln Electric System (LES) will be doing some maintenance in our area this Sunday, October 4. This maintenance is scheduled between 8:00 a.m. and 12:00 noon. During that time members will not have access to our online banking system, including mobile. We apologize for this interruption in service, but encourage you to check back after 12 noon on Sunday to access your account information online. Thank you for your patience and membership. If there is a change in this timeline, we will update the website.