The 66th Annual Meeting of Bank-Fund Staff Federal Credit Union was held on April 4, 2013 at the JW Marriott Hotel. At the meeting, the results of the Credit Union's 2013 election for the Board of Directors were announced.
A Message to Non-resident Account Holders
Beginning January 1, 2013, U.S. financial institutions will be required by the Internal Revenue Service (IRS) to report “deposit interest” paid to nonresident account owners to the IRS.
The World Bank-IMF Chorus welcomes new and past members.
Staying Secure Online
Avoid becoming the victim of an online scam with our Digital Defense Training Center.
An Important Message From Your Credit Union
Please note that effective August 1, 2012, there is a new Inactive Member fee of $5 per month. A membership is considered inactive if there has been no member-initiated activity during the previous 24 months.
Fraud Alert: Phishing E-mail Scam
Some BFSFCU members have been targeted in a new e-mail phishing scam. Fraudulent e-mails are appearing to come from BFSFCU staff members.
Be sure to use your official statement of record and tax forms from within Online Banking when preparing your taxes.
2011 Member Survey
As part of our commitment to providing the highest quality service to our membership, we survey a sample of members each year. In the survey, we ask questions concerning our product and service offerings, including what is most important to our members and how we are doing on meeting your financial services needs.
$60 per year in Debit Card fees. That's not right!
Some of the big banks have recently made the news about their future plans for debit and check card customers. We would like to take this opportunity to assure our members that these changes will not affect the BFSFCU® Visa® Debit Card.
The DC metropolitan area is preparing for the possibility of inclement weather due to the approaching hurricane. In the event that the Credit Union is closed for business on Monday, August 29th, we will post a message on our website.
Has Your Account Become Dormant?
Did you know that if your account has had no activity for a period of three years, the funds are turned over to the District of Columbia government? DC law requires that these dormant accounts are treated as abandoned property.
Foreign Transaction Fees
Effective July 1st, 2010, BFSFCU Credit Card statements began showing the 1% foreign transaction fee for all transactions made outside of the United States in a separate section titled “Total Interest Charged” as a result of a recent regulatory change.
Thank you to all the members who voted in the Board of Directors Election.
Haiti Relief Fund
In response to the earthquake and resulting crisis in Haiti, BFSFCU has created a relief fund.
"Zuesbot" Computer Virus
BFSFCU has been notified of a new computer malware virus called "zeusbot" which is aimed at stealing online banking login credentials and credit card information from credit union members.
Springfield Shared Branch to Close
The Springfield Plaza Credit Union Family Service Center (located at 6314 Springfield Plaza, Springfield, VA 22150) was closed on December 12, 2009.
Changes to Your Statement
On November 8, 2009, President Obama signed into law a bill containing a correction to an earlier law that would have required that financial institutions send periodic statements on open-ended loans (BFSFCU’s L8 and L9s) 21 days before the payment due date.
Changes to Your Statement
may have recently noticed a message on your August account statement regarding
changes to U.S. federal law that impact how the Credit Union handles and
discloses the payment due dates on our Line of Credit/Reserve (L8) and Home
Equity Line of Credit (L9) loans.
Important Information about Your BFSFCU ATM Card
MasterCard® now assesses a fee for processing and currency conversion
on all ATM transactions outside of the U.S., Puerto Rico or the U. S.
Virgin Islands. In order to offset this cost, effective September 1,
2009, BFSFCU will begin charging members a 1% Foreign Transaction Fee
on all foreign ATM card transactions. This fee will appear as a
separate line item on your BFSFCU account statement.
Protecting Your Accounts
We take fraud prevention very seriously at BFSFCU and have implemented
certain fraud detection systems to help protect your BFSFCU Credit and
Debit Cards from fraudulent activity. This detection system will
monitor your card transactions and detect usage which is different from
your ordinary spending patterns, as well as rely on card industry
alerts regarding incidences of compromised cards.