Click here to view in web browser.

Small Credit Union Network heading

February 2012

Assist Your Members in Obtaining a FREE Credit Report

The Fair Credit Reporting Act requires Equifax, Experian, and TransUnion to provide individuals with a free copy of their credit report once every 12 months.

FREE Credit Report every 12 monthsPublish the enclosed Federal Trade Commission information and link on how to order your free report in your next newsletter and help your members ensure the accuracy and privacy of information on record.

The information can be found by clicking here or by visiting the Federal Trade Commission website, under the Consumer Protection tab. Long live the People Helping People philosophy!

Collaboration Corner
Success Story: Credit unions come together at local dealership!


N.M.H. FCU and INCOL CU of the Wyoming Valley/Scranton Chapter’s small credit unions held a joint car sale on January 16 at Bonner Chevrolet in Kingston.

CEO’s Deb Mozal and Deb Peters joined forces on the showroom floor, offered their credit union services (including great auto loan rates!), along with fresh baked cookies to interested buyers.

Results: One new member and two new loans totaling $47,000! A great start. But it didn't end there. Discounted rates were offered through the end of January and both credit unions are thrilled with the end result: more than doubling their loan volume of the previous month.

Are you part of a formal or informal credit union alliance? We'd love to hear from you and share successes in subsequent issues of SCUNet News.  Please send your information to

CU PolicyPro Tip of the Month

CU PolicyPro Users: be on the lookout in the next few weeks for the semi-annual updates to CU PolicyPro. We understand there will also be several new policies added. Among the new policies are Enterprise Risk Management, Skip-a-Pay, Unlawful Internet Gambling (as a stand-alone), Bomb Threats, and more.

If you need assistance with CU PolicyPro, please contact Elaine Royer or 800-932-0661, extension 5341.

Compliance Q&A

Q: I heard someone at the Chapter Meeting mention that they were able to purchase some supplies for the credit union without paying tax. Is this possible?

A: Yes, credit unions are exempt from all taxes imposed by the United States or by any state, territorial, or local taxing authority, except for local real estate or personal property tax.

    Letter of exemption link
    Letter of explanation

Keep in mind some hotels and vendors may not accept the PA Tax Exemption form, in which case your CU must advocate strongly for it’s tax exempt status.

Additionally, credit unions should complete a Pennsylvania Tax Exemption form REV-1220 AS and show this when making purchases for the credit union. Check box #2 and insert “Purchaser is a/an Credit Union.” Credit unions do not have a tax exempt number.

Mark Calendar For NCUA Workshops

The NCUA Office of Small Credit Union Initiatives will hold a free Credit Union Workshop on Thursday, April 19, in Philadelphia, and on Wednesday, July 18, at the Four Points by Sheraton Pittsburgh-North, Mars.

The program will be held from 7:45 a.m. to 4:00 p.m. Registration and meeting information can be found here.

Spring Compliance Town Meetings Now Open!

The Spring 2012 series of Compliance Town Meetings has been scheduled.

Staff will discuss hot compliance topics. Registration begins at 12:30 p.m., with the presentation scheduled from 1:00 - 4:00 p.m. Light refreshments will be served during an afternoon break.

The first person registering from each member credit union is FREE; additional person may attend for only $50.00. (Click on the date of your choice to register.)

April 10
Westmoreland Community College; 145 Pavilion Lane, Youngwood

April 11
Butler Health System
One Hospital Way, Butler

April 12
Meadville Holiday Inn Express
18240 Conneaut Lake Road, Meadville

April 17
TruMark Financial
Credit Union
1000 Northbrook Drive, Trevose

April 18
Utilities Employees
Credit Union
11 Meridian Blvd, Wyomissing

April 19
Knights of Columbus Hall
324 Bedford Street, Hollidaysburg

April 24
Cross Valley Federal Credit Union; 640 Baltimore Drive, Wilkes-Barre

April 26
Pennsylvania Credit Union Association; 4309 N. Front St, Harrisburg

Looking to gain an EDGE?

Look no further! AdvantEDGE Financial Services™, LLC, a Credit Union Service Organization and the Association’s newest business partner, provides a broad spectrum of business solutions to help credit unions excel and keep pace with changes in the financial services industry.

Staffed by skilled employees with diverse areas of expertise, the AdvantEDGE team is available to develop specific projects, redesign processes, or serve as “on-call” consultants in the areas of asset recovery, finance, human resources, investment portfolio consulting, lending, marketing and more.

For details on AdvantEDGE and its business solutions, contact your Association Account Executive.

Pennsylvania Credit Union Association
4309 N Front Street, Harrisburg, PA 17110    800.932.0661