What our Members need to know about Same Day ACH

Coming September 15th: Same-Day ACH In an effort to drastically improve the U.S. electronic payments system, the Automatic Clearing House network, changes are being made to change the time-frame in which electronic debit payments are applied to your account. Beginning on Friday, September 15th, 2017 all financial institutions, merchants, and vendors that accept electronic payments and debits will begin Same-Day ACH processing.   What does this mean? These changes will result in a faster payment system. This means ACH payments you are sending may clear your account quicker than you are accustomed to. However,…Read more

Equifax Information Breach: What You Need To Know

What to do if you were hit by the Equifax breach SAN FRANCISCO — An estimated 143 million U.S. consumers could be affected by a cybersecurity attack carried out against Equifax, one of the nation's three largest credit-reporting companies.Normally one of the first things victims are told to do is to go to a credit-reporting company and request their records to make sure that there are no unauthorized accounts or charges on their existing accounts. This time around, experts suggest checking with Equifax rivals, Experian and TransUnion. While there is no evidence of unauthorized activity in the Equifax credit reporting…Read more