Credit Union News
Tuesday 5/26/20 – Friday 5/29/20, our credit union is operating:
DRIVE-THRU ONLY: 8 A.M. – 6 P.M.
- What are the credit union’s current operations?
- Can I still apply for a loan?
- Is MCWV offering PPP Loans?
- I’m experiencing financial distress due to the coronavirus. What can I do?
- Where can I find additional information on stimulus payments?
- How can I avoid scams related to the coronavirus?
- Where can I find additional information on the coronavirus?
- How do I stay in touch with the credit union?
- Is my money federally insured in the credit union?
- What is the credit union doing to limit exposure?
- Is the 2020 Annual Meeting canceled?
- Member Minute Updates
What are the credit union’s current operations?
It is MCWV’s top priority to keep our workplace safe and free from infection, so that we can ensure that we will be able to continue providing service to our members. Thank you for your patience as we strive to assist all members as quickly as possible.
Hours of operation and available services are subject to change during COVID-19 pandemic. Thank you for your understanding.
- Tuesday 5/26/20 – Friday 5/29/20:
8 A.M. – 6 P.M.
- Monday 6/1/20 – Friday 6/12/20:
LIMITED LOBBY HOURS:
Monday-Friday, 10 A.M. – 2 P.M.
Monday-Friday, 8 A.M. – 6 P.M.
- We are still running full operations, including our loan department. We will strive to do our best to serve all your credit union needs through our drive-thru services, by telephone and by curbside assistance.
- We have streamlined our new account opening process. View how to Apply for Membership, and/or email email@example.com to begin the new account process.
- We have increased our Mobile Deposit limits:
Single check limit: $2,500.00
One day total limit: $4,000.00
Please note: regular check hold procedures do apply.
View Mobile Deposit Instructions
Any additional updates to our business operations or business hours due to the coronavirus will be shared with our members via this webpage, on our Facebook page and will be visible from outside our branch.
Can I still apply for a loan?
Yes. You can apply online anytime. We will strive to perform the entire loan process by telephone or email, and will schedule appointments for curbside loan closings, as we can.
Is MCWV offering PPP Loans?
I’m experiencing financial distress due to the coronavirus. What can I do?
We recognize that the coronavirus will impact our members to varying degrees, so we are doing our best to stay apprised of the situation while considering the implications this pandemic may have on our members financially. We will do our very best to continue to meet your financial needs.
With that, we ask that if you are experiencing financial distress due to the coronavirus’ impact on our economy, please let us know. We will strive to help individuals on a case-by-case basis as we can.
To streamline our communication, speak to our Loan Clerk Brian:
email – firstname.lastname@example.org
phone – (304) 346-5242 ext. 214, or ask for Brian
Where can I find additional information on stimulus payments?
Economic Impact Payments, more commonly referred to as stimulus payments or stimulus checks, from the U.S. Treasury of the federal government will begin mid-April.
Thank you in advance for your patience as we strive to help all members as quickly as possible.
Please be aware that no credit unions, banks or other financial institutions have control of when payments will be made to individuals. We are doing our very best to stay apprised of the latest information provided to the public.
- To see if you are eligible for an Economic Impact Payment, you can check on the IRS’ Economic Impact Payments webpage.
- No further action is needed by taxpayers who filed tax returns in 2018 and 2019, by seniors or by retirees in order to receive your payment.
- If you previously used direct deposit to receive tax returns, you will receive your payment via that same direct deposit.
- If you previously received a check for your tax returns, you will receive your payment via check; however, you can add a direct deposit now if you’d like.
- A convenient tool is available on the IRS’ Economic Impact Payments webpage to help you check your payment status, confirm your payment time and/or update your direct deposit information.
- There is also a tool on the IRS’ Economic Impact Payments webpage for “Non-filers”, or persons who did not have to file income taxes in 2018 or 2019, that allows them to enter their payment information.
How can I avoid scams related to the coronavirus?
Unfortunately, many potential scams have arisen due to the coronavirus.
View the IRS’ “Taxpayers should be aware of coronavirus-related scams” webpage for full information. Taxpayers should know:
- The IRS will not call, email or text you to verify or request your financial, banking or personal information.
- Watch out for websites and social media attempts to request money or personal information. The official website is IRS.gov.
- Don’t open surprise emails that look like they’re coming from the IRS or click on attachments or links.
- Taxpayers should not provide personal or financial information or engage with potential scammers online or over the phone.
In response to the federal stimulus package, the Better Business Bureau (BBB) reported that fraudsters have deployed a variety of scams involving coronavirus stimulus checks. Read the BBB’s entire Scam Alert. Remember:
- Government agencies do not communicate through social media outlets, such as Facebook.
- Never pay a fee for a government grant. A government agency will never request an advanced processing fee to receive the grant.
- Beware of fake government agencies promoted by fraudsters. The only official list of all U.S. federal grant-making agencies can be found at www.grants.gov.
This article from the WHO warns users of fraudsters launching phishing attacks to deliver malware and sending emails posing to be the Centers for Disease Control (CDC) or World Health Organization (WHO).
Fake websites have also been established posing as interactive maps for coronavirus statistics that also infect user devices with malware. Please be hyper-vigilant of these potential scams and others.
Where can I find additional information on the coronavirus?
Important information and updates are available from:
- West Virginia Department of Health & Human Resources (WV DHHR) website: Coronavirus Disease 2019 (COVID-19)
- Office of the Governor Jim Justice website: Stay-at-Home Order
- Office of the Governor Jim Justice website: The Comeback
- Offices of the Insurance Commissioner: Info for WV Consumers, Businesses & Insurance Companies, including WV Health Insurance Bulletin No. 20-10
- Charleston Area Alliance – COVID-19 Resource Center
- Centers for Disease Control and Prevention (CDC) website: Coronavirus Disease 2019 (COVID-19)
- Centers for Disease Control and Prevention (CDC) website: Coronavirus Disease 2019 Information for Travel
- Centers for Disease Control and Prevention (CDC) website: Stress and Coping
- American Psychological Association website: APA COVID-19 Information and Resources
- National Alliance on Mental Illness (NAMI) website: COVID-19 Information and Resources
How do I stay in touch with the credit union?
We’re committed to keeping you informed as new information becomes available. Any updates to our business operations or business hours due to the coronavirus will be shared with our members via this webpage, on our Facebook page and visible from outside branch.
Please do not hesitate to contact us if we can be assistance with your credit union needs: Contact MCWV
Is the 2020 Annual Meeting canceled?
Currently, the 78th Annual Meeting is POSTPONED.
After careful consideration of national, state and local recommendations for reducing the exposure and spread of the global pandemic COVID-19 (coronavirus), the Members Choice West Virginia Federal Credit Union Board of Directors has made the decision to postpone our 2020 Annual Meeting, previously planned for Friday, March 27, 2020. This decision has been made for the safety of our members, staff and volunteers.
Additional information regarding the postponement of the Annual Meeting, including a digital letter to our members, can be found on our Credit Union Events page.
We appreciate your understanding of these changes, and appreciate your patience during the postponement period. Any new information will be shared here, on our Facebook page and within our branch as soon as it’s available.
Is my money federally insured in the credit union?
Yes. NCUA insures up to $250,000.00 per depositor, per institution, per ownership category. Learn more about How Your Accounts are Federally Insured.
- The National Credit Union Administration (NCUA) is an independent agency of the U.S. government that regulates, charters and supervises federal credit unions.
- The National Credit Union Share Insurance Fund (NCUSIF) is operated and managed by NCUA, and backed by the full faith and credit of the U.S. government. The NCUSIF insures the accounts of millions of account holders in all federal credit unions
- NCUSIF provides all members of federally insured credit unions with $250,000.00 in coverage for their single ownership accounts. Additional share insurance coverage is possible.
What is the credit union doing to limit exposure?
- have closed our lobby and are operating drive-thru only.
- have established alternating daily work shifts for employees.
- are requiring employees wear masks during their working shifts.
- have provided employees with disposable gloves for the handling of money.
- have restricted business travel that might put employees at risk.
- have provided employees with the CDC’s guidelines for preventing the spread of the virus.
- are restricting vendor visits to our office.
- have asked employees to stay home if they are not feeling well.
- have increased frequency and thoroughness of our cleaning schedules in high-traffic areas of the credit union.
- have ensured hand sanitizer stations are filled.
Member Minute Updates
The following Member Minute videos located on our Facebook page feature updated responses to coronavirus from MCWV: