News & Events
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News & Events
Whether it's recent or upcoming, in the past or a press release, stay up to date with the latest news and events from Multi-Schools Federal Credit Union.
Merger between Riverside Beaver County FCU & Beaver Falls PA Teachers' FCU
We are almost at the end of 2020, a year no one will ever forget. It has certainly been a challenging time, but we need to remember our successes during all of it. On January 01, 2020, the merger of the Riverside Beaver County FCU and the Beaver Falls PA Teachers’ FCU was official. The credit union accounts were merged successfully, and all accounts were in balance.
We were looking forward to planning an annual meeting where members from both credit unions could meet as one credit union and get acquainted. And then COVID-19 changed plans for everybody everywhere. Instead of meeting in person, a Zoom Annual Meeting was held to satisfy the National Credit Union Association (NCUA) annual meeting requirement.
Our goal was to announce a new name for the merged credit union early in the year. Due to COVID-19 and some other delays on the paperwork, our new name was not approved by NCUA until summer. However, the Federal Reserve Bank has not yet acknowledged our new name. Until we receive official notice from the Federal Reserve, we will remain known as Beaver Falls PA Teachers Federal Credit Union. Once the Federal Reserve Bank completes the final legal work, we will be the Multi-Schools Federal Credit Union (MSFCU).
While we have not been able to order new supplies with our new name, we have managed to serve all members during all phases of the pandemic. And for this, we give thanks.
Tired of receiving your Monthly or Quarterly Statement? Now you can receive those statements electronically. Login to your Home Banking account and follow the instructions for E-Statements.
Need help in getting started; just contact us at 724-774-9237 and we will be happy to assist you.
Home Banking Problems with Google Chrome
Members have reported trouble accessing Home Banking. Typically, an insecure website message when accessing home banking using Google Chrome on Windows 10 appears. This is due to an update earlier in the year that Chrome completed. Our data processor is diligently working toward a resolution to the problem and their project completion date should be close to year end. In the meantime, members who are using Chrome on Windows 10 are going to need to use Internet Explorer, Edge, Safari, or Firefox until there is an update for Google Chrome. You will not get this message using any other browser.
Exclusive Discounts and Benefits to our members
Visit the Love My Credit Union Rewards website to start saving today. The more offers you take advantage of, the more you save.
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Free Credit Report
Members are encouraged to check their credit reports on a regular basis. Since the three major credit bureaus (TransUnion, Equifax and Experian) provide free reports once a year, it is possible to check your report once every four months for free. To access your free credit reports, simply go to Annual Credit Report.com. To receive a free credit score, simply go to Credit Karma.com.
Monthly Board of Directors Meeting
Monthly, the Credit Union holds a Board of Directors meeting. Any member may attend the meeting. The board of directors is responsible for the general direction and control of a federal credit union. The board may delegate operational functions to management, but not the responsibility for the credit union's direction. A director must carry out his or her duties in good faith, in a manner reasonably believed to be in the best interests of the membership, and with such care, including reasonable inquiry, as an ordinarily prudent person in a like position would use under similar circumstances. A director must administer the affairs of the credit union fairly and impartially and without discrimination in favor of or against any particular member. A director must have at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union's balance sheet and income statement and the ability to ask, as appropriate, substantive questions of management and auditors. A director must direct the operations of the federal credit union in conformity with the Federal Credit Union Act, NCUA's Rules and Regulations, other applicable laws, and sound business practices. A director may rely on information prepared or presented by employees or consultants the director reasonably believes to be reliable and competent and who merit confidence in the particular functions performed.