Unity One Informs: International Credit Union Day History

For more than 160 years, credit unions have put people before profit.

In the 1850s, hard times hit Germany, and people turned to each other for help. They removed small savings from under mattresses and started making reasonably priced loans to one another. These early credit unions were the model for all the credit unions that followed: not-for-profit, democratically-controlled and community-oriented. The principles that guided them then, guide credit unions today.2016-ICU-Day-Principles.jpg

In the 1920s, Edward Filene took cooperative finance to the next level in Boston, as a means of lifting working people out of debt and creating a better life. On January 17, 1927, the Credit Union League of Massachusetts celebrated the first official credit union holiday. January 17 is the birthday of Benjamin Franklin, America’s “Apostle of Thrift,” who credit union founders believed to symbolize the purpose and spirit of credit unions.

During this time, the U.S. credit union movement was new and spreading. In response to the Great Depression, new credit unions were being formed to fill the void left by shuttered banks.

The U.S. Credit Union National Association (CUNA) and CUNA Mutual Insurance Society initiated a new national Credit Union Day celebration in 1948. The third Thursday of October was set aside as the national day of observance. This occasion brought members together to promote the credit union philosophy nationally and reflect upon credit union achievements and history. Members raised funds for the movement and paid homage to loyal supporters and pioneers. 

The World Council of Credit Unions, established in 1971, assists credit union movements and supports their development around the world. World Council observed the first International Credit Union (ICU) Day more than 30 years ago, and continues to endorse global celebrations. The credit union movement has grown to more than 217 million members in 101 countries. Celebrate the credit union difference during this year’s ICU Day – October 20, 2016. 

Copyright 2016 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

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Unity One Informs: International Credit Union Day

International Credit Union Day Celebrates The Authentic Difference

On October 20, 2016, credit unions around the world will celebrate International Credit Union Day (ICU Day).

Credit unions are not-for-profit financial cooperatives, offering the same services as other financial institutions but with a people-first philosophy. Since 1948, on the third Thursday of every October, credit unions have celebrated the principles that make credit unions the best financial partners of Lo-Res-Logo.jpgpeople all over the world. “The authentic difference,” this year’s ICU Day theme, zeroes in on what makes credit unions different from banks, fintech startups and other financial institutions—our principles.

Credit unions all over the world have operated according to the same core principles since the 1850s, when a group of weary German workers, tired of being exploited by loan sharks, formed the world’s first credit union by banding together to provide affordable credit to each other.

These principles are derived from the 7 cooperative principles, shared by all cooperatives. They are:

  1. Democratic Control

One member = One vote. Whether you have $5 or $5 million, your voice is equal.

  1. Open and Voluntary Membership

Members are connected by a bond of association, fostering a sense of community.

  1. Non-Discrimination

Credit unions are open to all without regard for race, orientation, nationality, sex, religion, gender, or politics.

  1. Service to Members

Credit unions are ranked No. 1 in service in numerous surveys, because they exist to serve members, not profit.

  1. Distribution to Members

Credit unions return all profits to their members through dividends, lower fees, better savings rates, and improved services.

  1. Building Financial Stability

Credit unions are historically stable organizations. They’re owned by the people they serve, so they don’t take unnecessary risks.

  1. Cooperation Among Cooperatives

Credit unions and cooperatives share the same principles. Together, they amplify each other’s good works.

  1. Social Responsibility

Credit unions strive for social justice by committing to strengthening their communities and helping people of modest means.

  1. Ongoing Education

Credit unions prioritize financial education for their members, employees and communities as part of their pursuit of social justice.

This is why we celebrate ICU Day at Unity One Credit Union. We think ideas like people before profit, social responsibility, and financial education improve lives. It’s why cooperative banking is a key component of helping people in developing countries get access to microloans, or a middle-class couple in Fort Worth, Saint Paul or Kansas City can receive an affordable mortgage for their first home.

So when we wish you a Happy ICU Day at Unity One Credit Union, know that we’re thanking you for belonging to a movement that’s helping your neighbors—and people around the world—grow and thrive and follow their dreams.

If you have any questions about the credit union philosophy or how Unity One Credit Union can help you, stop by or contact us at 800.628.5517 or at mbrservice@unityone.org.

Copyright 2016 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

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Unity One Informs: Maren Morris makes appeareance at UO branch opening 11 years ago

Unity One Credit Union's North Tarrant branch in Fort Worth's grand opening celebration was held August 19, 2005.  In addition to the traditional ribbon cutting, we had a flag-raising ceremony by the local cub scouts, appearances by Fossil Ridge High School cheerleaders and football team and an evening concert featuring a little known, local girl by the name of Maren Morris.

 

If you aren't a follower of country music, here's (as Paul Harvey of radio station WBAP would say) "the rest of the story," according to Rolling Stone magazine.

During last year's Country Music Awards (CMAs), Maren Morris was an unknown. It was two months before the release of her breakout single, My Church, and her debut album Hero would not arrive until June 2016. Fast forward to now, and Morris is tied with Chris Stapleton and Eric Church as the leading nominees at the 50th annual CMAs. It's startling to the 26-year-old Texas native.

"I was sitting across the street from the CMAs last year at a restaurant watching the show on TV and never thinking I would be sitting there the next year," said Morris.

Along with Song of the Year, for My Church, and an Album of the Year nod for Hero, Morris competes in Single of the Year (My Church), Female Vocalist of the Year and New Artist. She admits she anticipated perhaps one nomination, but the strong showing was overwhelming.

"To have five [nominations] and one of them be Album of the Year and another Song of the Year, it is such validation," said Morris.

About Unity One Credit Union

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals. 

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has eight branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

Unity One Credit Union Maintenance Notice - June

Please note that Unity One Credit Union banking services will be down the following days and times. This maintenance will affect online, mobile and telephone banking.

  • Tuesday, June 23, 7-8 p.m. and 2-5 a.m.
  • Monday, June 29, 7-9 p.m.
  • Tuesday, June 30, 7-9 p.m.

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Credit union informs: Sally Beauty confirms breach

According to an online CU Times article posted on May 29, 2015, the Denton, Texas-based Sally Beauty Holdings revealed in a statement that malware was "inserted" into multiple POS systems at its American stores between March 6 and April 17, placing customer information at peril.

What does this mean? Basically, payment card information of customers that used cards at affected stores during the time frame, may be at risk.

The method of the malware "injection" was not revealed; however, the retailer is confident that its authentification method was not compromised. It does not collect nor store PIN data.

Please take the necessary precautions:

  • Check your account regularly.
  • Make sure that the credit union has updated contact information for you.

 Report Fraud

About Unity One Credit Union

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals. 

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

Credit union informs: Debit card fraud on the rise again!

Attention Unity One CU Members:

Fraud is on the rise again. We are seeing frequent fraud from Walmart. Please take the necessary precautions

  • Check your account regularly.
  • Make sure that the credit union has updated contact information for you.

If fraud occurs on your Unity One Credit Union debit card, we are here to help you make it through the ordeal. Here are some Frequently Asked Questions (FAQs) that provide more information.debit card fraud pic resized 600

Q: Has Unity One CU been compromised?
A: No. Account information can be stolen when you swipe your debit card anywhere like Home Depot, Target, Cub Foods, etc. Unfortunately, debit cards are easy targets. In fact, no matter where you bank, it is important that you watch your transactions closely.
 
Q: There are unauthorized charges coming out of my account. What do I do?
A: You will need to complete one form--a Debit Card Dispute form. The form may be found on the Unity One Credit Union website.
 
Q: Are there any special instructions for completing the forms?
A: Please list the date of the transaction, not the date that the withdrawal clears the account. Also, the signatures on the forms need to match the name on the card affected.
 
Q: Do I have to visit a Unity One Credit Union branch to complete this process?
A: No. The forms may be faxed. All signatures need to be on the forms.
 
Q: How soon will I get my money?
A: In the majority of cases, Unity One CU members will receive provisional credit within 24-48 hours.
 
Q: I want to talk with someone about this. Who can I call?
A: You may always contact our Member Contact Center at 1-800-628-5517.
 
Q: How can I prevent unauthorized charges from happening in the future?
A: Monitor your accounts closely at all of your financial institutions. Here, at Unity One CU, you can sign up for e-alerts through the credit union's home banking system. Finally, notify your financial institution immediately if you notice suspicious activity.

Report Fraud

Unity One Credit Union to open locations in Maplewood and Keller

Unity One CreUnity One CU Maplewood branchdit Union members can expect the opening of two branches in Minnesota and Texas this summer.

Minnesota's Vadnais Heights branch, currently occupying space in a union headquarters building, will relocate to a site that shares space with a convenience store in Maplewood, MN.

Jackie Wisneski, vice president of retail operations, says, "Convenience is our goal. This new location is very visible and user-friendly."

Construction has begun to customize the existing space at 1535 Beam St., and an opening date is expected to be in late August 2015. Unity One members will enjoy the convenience of a drive-thru, additional staff and weekend hours at this full-service branch.

Meanwhile in Texas...

The credit union has leased space at a two-story office building lUnity One Keller Pkwy. branchocated at 891 Keller Pkwy and Pate-Orr Dr. Nestled in the southwest corner of the building, the Unity One Credit Union branch is seconds away from Keller High School and Keller City Hall and minutes away from Southlake, TX.

This full-service branch will have a drive-thru and loan officers onsite, and the opening is scheduled to occur in late August. 

Both branches will eventually join the CO-OP Shared Branching network by the end of the year.

About Unity One Credit Union

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals. 

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

Unity One Credit Union Summer Loan Sale starts June 1

Unity One Credit Union wants to help you build your future with a low-cost, personal loan. Starting June 1 until July 31, expect a great rate.

  • Rates as low as 5.99% APR*
  • Terms up to 36 months
  • Borrow up to $20,000
  • No collateral needed
Build Your Future

*APR = Annual Percentage Rate. Rate quoted “as low as.” Must qualify for the lowest rate. Other rates may apply. Minimum loan amount of $500. Offer expires July 31, 2015. Not available on existing Unity One loans. Some restrictions may apply. Payment per $1,000 borrowed for 36 months at 5.99% is $31 monthly.

About Unity One Credit Union

Established in 1927, Unity One Credit Union is the oldest credit union in Texas. A member-driven and not-for-profit cooperative, Unity One CU served the employees and families of the BNSF Railway for 70 years. However, after transferring its corporate headquarters to Fort Worth in 1998, the credit union expanded its field of membership to include other non-railroad companies, organizations and individuals. 

Today, anyone who lives, works, worships or attends school in Fort Worth, Blue Mound, Saginaw, Haslet, Keller, Colleyville, Bedford, North Richland Hills, Southlake, St. Paul, MN and Kansas City, KS may apply for membership. Unity One CU has seven branches to serve over 30,000 members nationwide. For more information about Unity One Credit Union, visit www.unityone.org. Think outside the bank.™

Unity One Credit Union Maintenance Notice

Please note that Unity One Credit Union online services will be down the following days and times. This maintenance may affect online, mobile and telephone banking.

  • Thursday, May 21, 12 midnight - 5 a.m.
  • Saturday, May 30, 2-5 p.m.

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Phishing scam targeting Unity One Credit Union members

The Unity One Credit Union Member Contact Center has been alerted to a phishing scam targeting Unity One members. Automated calls from 1-888-503-0711 are asking members to press 1 to reactivate their credit cards. This call has NOT been initiated by Unity One Credit Union.

Do not follow through with the process. If more information becomes available, we will update you here.

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What is Phishing? See below.

Phishing is the illegal attempt to acquire sensitive information such as usernames, passwords, and credit card details (and sometimes, indirectly, money), often for malicious reasons, by masquerading as a trustworthy entity in an electronic communication. (Source: Wikipedia)

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