Access our website at www.servucu.com

First Quarter 2016 Third Quarter 2017Important Information:Changes to Electronic/Check Withdrawals Starting in September, you may see a change in the day or time that electronic payments or paper checks clear your accounts. This is due to a regulatory change for all financial institutions that will result in faster money transfers or clearing of drafts (checks). ServU Credit Union members will notice changes in how their transactions are posted throughout the day.

1.) Paper checks may clear your accounts faster: Starting Sept 1st share draft checks will be cleared twice a day. Checks may clear in the morning or in the afternoon depending upon when the merchant sends the file to us. This could result in checks clearing your accounts faster than they have in the past. Checks without sufficient funds will be returned immediately to the merchant. Previously, share drafts only cleared your account in the afternoon. The best rule of thumb to follow is to make sure you do not write checks unless you have the funds available in your account and always keep your checkbook balanced.

Example Scenario: Anita pays for groceries using a paper check. In the past, this type of payment may have taken a few business days to clear Anita’s account. Starting September 1st, the check could possibly clear Anita’s account sooner because checks will be cleared twice a day.

2.) Electronic Payments: Starting Sept 15th, electronic payments will be withdrawn three times per day. This means funds may be withdrawn from your account the same day you schedule the payment. The merchant you are paying will determine when they pull the funds from your account. Be sure to read all disclosures regarding electronic payments when you set them up with a merchant. Previously, these payments may have taken a few days after you scheduled the payment before the merchant(s) withdrew the funds from your account. Always be sure you have funds in your account before you schedule an electronic payment. If a transaction tries to clear your account multiple times in the same day, you may receive multiple fees.

Example Scenario: Bob makes a one-time payment for $150.00 on the cable company’s website. In the past, this type of payment may have taken a couple business days to clear Bob’s account. Starting September 15th, this type of payment could come out of Bob’s account the same day he makes the payment online.

3.) ACH Originations: If you currently have automatic monthly transfers coming to ServU Credit Union from another financial institution, funds will be removed from your account at the other financial institution on the same day that they are received at ServU.

Example Scenario: Dave has an auto loan at ServU Credit Union with an automatic ACH payment from his checking account at ABC Bank. Currently, his payment arrives at ServU on the 5th, and is deducted from his checking account at ABC Bank the following business day. Starting September 15th, the funds will be deducted from his checking account at ABC Bank on the 5th, the same business day that the payment is applied to his ServU loan.

Beginning July 1, 2017, ServU Credit Union branches will operate under new hours. These changes have been made to better serve the needs of our members. Please review the hours below for each of the branches that you visit.

Access to your accounts is available 24 hours a day, seven days a week with ATM, Telephone Teller, Online Banking and Mobile Banking.

Alfred, Corning, Dundee Branch Hours: Monday - Friday 9:00 AM - 5:00 PM

Bath & Hornell Branch Hours: Lobby HoursMonday - Friday9:00 AM - 5:00 PM

Drive Thru OnlyThursday - Friday8:30 AM - 5:30 PM

Painted Post Branch Hours: Monday - Wednesday9:00 AM - 5:00 PM

Thursday - Friday 9:00 AM - 5:30 PM

For questions regarding these changes, please contact your local branch.

newBRANCHHOURS

Third Quarter 2017

Community Shred and E-Cycle Days

ServU and Swarthout Recycling would like to help you safely dispose of your paper confidential documents again this fall. Members may bring up to five cartons of documents per person.

Old electronics will also be accepted for recycling. Accepted items include televisions, radios, VCRs, DVD players, cell phones, etc.

This event is free to all community members, but please consider bringing non-perishable food items for donation to the Food Bank of the Southern Tier. Help us fill their shelves before the holiday season!

Federally Insured by NCUA. We do business in accordance with the Federal Fair Housing Law. ServU is an equal opportunity employer.

October 14th ......Hornell Office

October 21st.......Administrative Office in Erwin

October 28th......Bath Office

9:00 AM to 12:00 PM

Bucket List Loan Borrow up to $6,000

1.74% APR for 36 months

Maybe you want to take the trip of a lifetime, do something adventurous or finally purchase that item you have been eyeing. ServU Credit Union can help you cross an item or two off your list with the Bucket List Loan! Contact the lending department or visit www.servucu.com to get your Bucket List Loan started today!

A loan of $6,000 at 1.74% APR would have a monthly payment of $171.19. Membership eligibility required, new money only, rate subject to change.

What’s on your bucket list?

Purchase Rewards lets you earn cash back when using your ServU Visa debit card! This program is available to all ServU Credit Union debit card users and it’s completely FREE!

How does Purchase Rewards work? Members will receive offers within Online Banking and/or the Mobile App. These offers are based off of your shopping habits, so your reward offers will always be highly relevant.

Members must activate an offer before they use their ServU Visa debit card in order to receive cash back. To activate an offer, log into your online or mobile banking account and choose the offers you are interested in. Once an offer is activated, any qualifying purchases made at that merchant using your ServU Visa debit card will earn cash back.

There is no limit to the amount of rewards you can earn. So the more you use your ServU debit card, the more offers you receive and the more rewards you earn!

Rewards are typically deposited to your ServU checking account at the end of the month following the date that you redeemed the offer. For example, if you shop at a store and earn a reward in July, your cash back reward will be deposited in your account at the end of August.

Log into your Online/Mobile Banking account and enroll in Purchase Rewards today! Visit www.servucu.com or contact us at 1-800-443-0663 for more information.

Turn Everyday Purchases into Cash with

Purchase Rewards!

ServU Credit Union has a deal for you this summer! The more you borrow, the more you will save with the Let’s Make a Deal promotion!

1 Loan

2 Loans

3 Loans

Borrow

No payment for 90 days

No payment for 90 days+

0.25% APR off all 3 loans

No payment for 90 days+

0.10% APR off both loans

Receive

New money only. Visa credit cards, student loans, mortgages and variable rate home equity loans are excluded. Real estate loans do not qualify for no payment for 90 days, but do qualify for rate discounts. Rates subject to change. Each loan subject to credit approval. Approval of one loan does not guarantee approval of other loan applications. Call 1-800-443-0663 for details about credit cost and terms.