News & Promotions

Join the Cecil County School Employees' FCU on August 16th for an afternoon of fun with Blue Rocks!

Tickets are $9 with $2 from every ticket sold being donated back to benefit the Cecil County School Employees' FCU Scholarship Fund!

Call 302-472-5701 for more information!

2009 $11,000 Scholarship Program

Awards Increased, Video Category Added!
The Credit Union Foundation of MD & DC is pleased to announce its $11,000 College Scholarship Program for 2009. Ten $1,000 scholarships will be awarded to the winning essay-based applicants in May 2009, and a new video-based award category has been added and will earn the selected video producer a $1,000 college scholarship.

Complete information and applications are online at http://cufmddc.org/scholarship.htm.

Your Money Is Safe With Us

Your money is safe with us! While many financial institutions face problems in this uncertain economy, credit unions including Cecil County School Employees FCU, remain healthy. Prudent underwriting practices have spared us the troubles that have beset other institutions. Nonetheless, individual members of the credit union are having troubles of their own. We're helping them find a way out of their present difficulties and stand ready to work with you too if the need arises. Deposits at the credit union remain as safe as ever. Unlike the money entrusted to many financial services companies, deposits to credit unions are federally insured by the National Credit Union Administration (NCUA) up to $250,000. IRAs are also insured up to $250,000. We’re committed to serving you as long as you give us the opportunity to do so. So don’t worry. We’re not going anywhere. If you have questions about the safety of your money, please call a CCSEFCU member services representative.

NCUA Electronic Tool Kit

The NCUA electronic tool kit contains a variety of useful information on share insurance coverage to use and disseminate, including:

• Insurance estimator enables calculating an estimate of share insurance coverage;
• Your Insured Funds brochure details insurance coverage, with many examples;
• How Your Accounts Are Federally Insured brochure provides basic insurance information;
• Special Bulletin explains increased retirement account coverage in addition to basic insurance protection;
• Letter to Credit Unions 08-CU-18, Educating Members on Share Insurance Coverage.

Announcing DebitPass

CCSEFCU is pleased to introduce DebitPass – a new product now available for our Members. DebitPass is a prepaid MasterCard debit card that is re-loadable. Money is placed on the DebitPass card (in advance) from a variety of sources, and then the card can be used to make purchases wherever MasterCard is accepted, including cash withdrawals at just about any ATM worldwide.

Why DebitPass? There are many ways you and/or a family member can benefit from a DebitPass card:

• Travel – load your card before a trip
• Dependents – get additional cards for college students and teens and transfer money instantly for expenses and/or allowance
• Budgeting – use DebitPass to set aside your spending money
• Cash Wages – if you are paid by cash, put it on your DebitPass card for safety and convenience
• Internet Shopping – perfect for setting aside just those funds you want to use for online shopping without having to use credit or putting other funds at risk.

Several options are available for funding your DebitPass card.

• Direct deposit through payroll
• Cash deposits
• Transferring funds from your credit union share account either by the phone or over the Internet.
• You can even set up regular transfer intervals

Whatever funding method you choose, using the card is just like using any other MasterCard debit card. The only difference is that you decide how much or how little you want to fund to the card and how often you want to fund it.

If you need more information or wish to enroll yourself or a family member, please visit the credit union at any time. Cards are $4.00 each and will be mailed within 48 hours of receiving your enrollment form.

Cecil County Public School Students Now Eligible for Membership!

Cecil County Schools Employees’ Federal Credit Union has been serving Cecil County school employees and their families since 1953. We are delighted to announce that students in the public school system in Cecil County are now eligible to join.

Take advantage by opening a savings account and learning about personal finances.  For more information call the credit union at 410.398.6921.

Money Market Accounts Now Available

A money market account combines the benefits and convenience of a savings and checking account and gives you a higher dividend rate than regular savings. We are pleased that we can now offer this type of account to our members.

A $2500 minimum daily balance is required to open and maintain this type of account. Dividends are compounded and credited quarterly. Rates may be adjusted weekly. Currently dividends will be paid according to the following tiers:

Members are limited to six electronic transactions per month, three of which can be checks. A fee of $15.00 is charged for each check that clears in excess of three per month. Also, should your account balance fall below $2500, dividends will revert to our regular share rate and a monthly service charge of $25.00 will be assessed.

You must be at least 18 years old to open a Money Market Account. Minors may also use the benefits of a Money Market account with a joint owner who is 18 years of age or older.

Deposits to this account may be made by payroll deduction, direct deposit, by mail or in person.

For more information or to set up a Money Market account, please contact the credit union office.

Protect Yourself From Phishing Scams

Phishing is a new type of identity theft that occurs online. Phishers send emails that appear to come from reputable sources, such as financial institutions or credit card companies. They tell you to click on an icon or link to be directed to the institution’s website.

The phony webpage or pop-up window directs you to type in personal information, such as your account number, password or Social Security number. If you provide this information, it goes directly to the crooks—not to the company with whom you transact business.

Click here for more information on phishing.