Show off your high school mascot with our new School Spirit Debit Cards! Cy-Fair FCU is the only place you can choose from all 12 CFISD High Schools, PLUS we make a donation to the selected school's program from the proceeds of every signature-based transaction of $5 or more!
The financial services industry has been working to modernize the systems to make it faster and easier for customers to make payments, and to update account balance information more frequently during the day. Beginning September 15, 2017, you will be able to make same-day payments for electronic transactions. For example, this means members can make on-time payments on the exact due dates and then have the transactions reflected on their account that same business day.
Here are a few things you should know:
1) Acceptance of same-day payments varies. Not all merchants or billing companies may offer the option to make a same-day electronic payment with them.
2) Because electronic payments may post to your account the same day they are made, it is important to make sure you have sufficient funds in your account to cover every payment made that day.
3) Before this change, electronic debits would post in the morning. This will no longer be the case with same-day payments. Electronic debits can now post at any time during the day.
4) Electronic debits are commonly known as Direct Payment, Direct Debit, ACH Debit, Electronic Check or e-Check, and similar terms. They are different from your debit card payments and ATM transactions.
If you have any questions regarding same-day electronic payments, please contact one of our Financial Service Representatives.
If you want to be the master of your credit card debt load, follow these key rules:
Payday lenders charge interest rates of 400% annual interest (APR) or more. Visit Cy-Fair Federal Credit Union instead. Credit unions offer alternatives with fairer terms and lower rates, such as short-term signature loans and low-cost cash advances. The people at the credit union also can help evaluate your finances and develop a spending plan so you don't end up in this situation again. Visit the Consumer Federation of America's website to see how much payday loans really cost.
Set up mobile banking alerts and check for suspicious activity daily.
Make a financial back up plan. Make sure you have other ways to pay for essentials if your debit or credit card is compromised.
Use a secure connection to make online purchases.
Pay recurring bills via automated clearing house (ACH / Online Banking's Bill Pay). This saves you from having to re-enter all your information.
Use your credit card online. Credit cards are not as directly tied to your account like debit cards.