What is Regulation D and how does it affect me?

According to the Federal Reserve Act section 19, there are 2 types of accounts with the Credit Union: transactional accounts and non-transactional accounts. A transactional account is your share draft (checking) account. Your share (savings)account is a non-transactional account. Section 19 of the Federal Reserve Act limits the number of transactions that you can conduct using a non-transactional account (share or savings) to 6 per month. This limit is based on when the transaction is posted to your account, not when you authorize the transaction. The following transactions are limited to 6 per month using your share (savings) account: checks from your account, online/mobile banking transfers, automatic transfers ( including those for overdraft protection), transfers made over the phone, any preauthorized automatic withdrawal, and any checks to a third party from your shares (savings). If you exceed the 6 per month limit, you will receive a notice from us. If you continue to exceed the limit each month, we may reject your transaction or be forced to close your account. To avoid this situation, consider opening a share draft (checking) account. Your first 50 checks are free and no limits on transactions. We also have debit cards available once you have been approved for a checking account. Please contact us if you have any questions or concerns.

Supervisory Committee Audit

The Supervisory Committee will be conducting an audit of accounts during the first quarter of 2024. If you have any questions or concerns regarding your account, please submit an inquiry to: Erin Shoemaker, Supervisory Chairperson, 2750 Grant Street, Lower Burrell, PA 15068.

Allegheny Kiski Valley Chapter Scholarship Contest

The Allegheny Kiski Valley Chapter will once again be sponsoring a scholarship contest. Applicants must be attending college, business, technical or trade school in the fall of 2024 to be eligible and a credit union member in good standing. Up to 4 scholarships of $500.00 each will be awarded. All entries must be received by March 30, 2024. Please stop in for the information or give us a call and we will be happy to mail/email the application to you!

2024 Annual Meeting and Banquet

The Allegheny Kiski Postal FCU will be hosting our annual meeting on March 23rd, 2024. This event will take place at the New Kensington Eagles Aerie 533 located at 2134 Freeport Rd, New Kensington, PA 15068. Reservations are required as seating is limited. Last day to make a reservation is March 8, 2024. The menu will include stuffed chicken breast, roast beef, chicken strips, parsley potatoes, salad, vegetable and dinner rolls. The cost is $15.00 per person. We have open positions on our Board of Directors . If you are interested, please submit a letter of intent no later than March 1, 2024 to: Allegheny Kiski Postal FCU, Attn: Liz Ellwood, 501 11th St, Room 206, New Kensington, PA 15068.

Mobile Deposit

With more of our members taking advantage of mobile deposit in our app, here are a few items to remember. All checks must have the proper endorsement on the back of the check. This includes your signature and one the following endorsements: For Mobile Deposit Only Allegheny Kiski Postal FCU, For Mobile Deposit Only AKPFCU or For Mobile Deposit Only AKPostalFCU. If you do not sign the check or use one of the endorsements we cannot accept the deposit. The deposit limit per day is $5,000.00. We use our normal check deposit procedure when processing the funds availability on any deposit . We do not accept third party checks. Please feel free to contact the office (724-337-3717) with any questions you may have.