$ Money Talk $ 2nd Quarter

Sylvania's Own Community Credit Union









[Go Back]

2nd Quarter 2008

In This Issue:

  • Fraud Affects Your Computer
  • Strech Pay
  • Rates

Fraud Affects Your Computer

Malware - Short for malicious software, malware is designed to damage your computer, server and network or to collect personal informaiton.

Trojan Horses (Trojans) - Trojans are destructive programs that masqurade as being applications. Trojans often arrise in Emails as attachments. Instant messaging, downloads and infected or malicious websites can also be sources of these trojans. Spyware and keyloggers are exampples.

Spyware - Spyware covertly gathers information about your Internet use and is typically used for advertising purposes.

Keyloggers - These record keystrokes and gather passwords, credit card numbers and other personal information. Hackers often include loggers as attachments to SPAM.

Viruses and Worms - In general, worms harm networks by consuming bandwidth. whereas a virus will corrupt files on a specific computer. Both spread through email but worms do not need human intervention to get they can propagate networks and affect performance.

What can I do to protect my computer?

* Don't open attachments to unsolicited email.
This is the most common way computers become infected with key loggers.

* Install and run spyware removal programs and follow some procedures like the following:
Install Spy-bot.net or Install Ad-Aware

* Try to avoid spyware altogether by taking the follwoing steps, read license agreements and learn what to look for. Search the Internet and refer to the softwares name and the word spyware to see if there is informaiton posted online about that software.

* Do not allow anyone access to your computer without your knowledge.

Keep your computer turned off or locked when you are not using it.

* Never use the save password option in your browser windows.

* Never leave your user ID and password on paper and leave it near your computer.

What else can you do ?

Install Anti-Virus and Anti-Spyware software that scans the computer and inbound emails and files as they are downloaded.

Install updates and patches for your operating system and other protection software as they become available.

Install a firewall to prevent the unauthorized access t your computer.

 

The Credit Union Will be Closed to Observe the Following Holidays:

  • Labor Day, Sept 1st 2008
  • Columbus Day, October 13th 2008
  

Stretch Pay

A Credit Union Salary Advance Alternative

StretchPay is a special loan program designed to help you who need a small dollar amount to carry them over until they receive their next regularly-scheduled income check. StretchPay is designed to be used as an alternative to expensive for-profit payday lenders who often charge $15 to borrow just $100 for two weeks. StretchPay is significantly less expensive than a traditional payday loan.

You will pay a $35 annual fee for a $250 line of credit and 18% interest on their advances. SP borrowers have up to 30 days to repay the loan. The annual fee is taken out of your first advance during a 12-month period. The annual fee ensures that each time you pay your loan as agreed you will be able to borrow again and again for the 12 month period.

Stretch Pay is offered to you using minimal underwriting criteria. You must be 18 years old, be an established with the credit union for at least 90 days and not be deliquent on existing loans and a share account holder. You must also have verified income, not be in the process of filing for bankruptcy under any chapter of the bankruptcy code and have not caused any loss to the credit union.

We will also report your payment history to the credit bureau agencies. Timely payments will improve your credit rating and help you save money if you borrow in the future. After one year in the stretch pay $250 program you can qualify to have it upped to $500.

If interested call the credit union office at (419) 882-3525 and talk to Lynn or Pat.

 

SAFCU Financing and Free Gas Cards!

We are giving you FREE gas when you get your car loan at the credit union. Great Payments for your budget and FREE gas - How can you lose at your credit union? Come see us today and get your pre-approval before you go to the dealership. Bargain with money in your hand.
  • New Car Loan - $50Gas Card
  • Pre-Owned Car Loan - $25 Gas Card
  • Refinance your car from another financial institution - $50 Gas Card

No Fees for Our Members ! - $0.00 -