PROOF OF INSURANCE
PWC ECU contracted with Insurance Systems, Inc.(ISI), located in Knoxville, TN to provide insurance tracking and to provide forced-placed insurance (CPI) on our behalf. There was a glitch in the original letters mailed out, that you were asked to disregard.  The system has now been reset, and all letters are being properly produced.  THEREFORE,  IF YOU RECEIVE A LETTER REQUESTING PROOF OF INSURANCE, PLEASE DO NOT IGNORE IT!    This letter means that ISI does not have proof of your insurance coverage, even if you provided proof on insurance in the past.  To avoid having CPI added to your loan, please have your insurance agent fax a copy of the DECLARATIONS PAGE to 865-470-8805.  Please confirm that PWC ECU is listed as the lienholder, that our address is correct, and that your deductibles for Comprehensive and Collision coverages do not exceed $500.00.  

Forced-placed insurance is very expensive and does nothing to protect you.  It does not meet the minimum requirements for liability insurance.  It only protects the credit union in case of a loss.  If you do not currently have insurance, please provide proof of coverage as soon as possible.

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OPT-IN for Overdraft Advance Coverage on your VISA debit/check card and ATM card transactions.

Effective July 1, 2010, there will be changes the the Overdraft Advance Program with PWC ECU, to comply with new Federal regulations.  The Federal Government has passed legislation that requires each member who has a draft/checking account with Overdraft Advance, to OPT-IN to have the Overdraft Advance coverage on VISA debit/check card and ATM card transactions.  To help members OPT-IN, forms will be mailed out, along with information to explain the options.  

If a member chooses to OPT-IN, all draft/checking account transactions - ACH debits, drafts/checks, and debit and ATM card transactions, may be covered by Overdraft Advance, up to an aggregate maximum of -$400.00, including a $25 OA fee, assessed for each item covered by  the Overdraft Advance privilege.  
If a member chooses not to OPT-IN, and has Overdraft Advance at present, the debit and ATM card transactions will no longer be covered by Overdraft Advance effective July 1, 2010.  With this choice, the member's  ACH and checks/drafts will continue to be subject to Overdraft Advance privilege. 
A member may also choose to OPT-OUT, which will end Overdraft Advance coverage of ALL transactions.  

Didn't get your mailing in April?  Attached please find a form to complete and return to the Credit Union.
OPT-IN Form

CREDIT COMMITTEE MEMBERS NEEDED
Have you ever wondered about the loan process, or how a loan decision is made?  Are you interested in the lending practices here at PWC ECU?  Would you like to learn how to read a credit report or a property appraisal?  The Credit Committee is the place to get all of your lending questions answered, and be an important part of the lending process here at PWC ECU at the same time.

As a member of the Credit Committee, your presence would only be needed once every four months for about 15-30 minutes.  The day and time you come in is at your convenience.  You would review the loan logs, approve loan extensions and review loan applications as necessary. 

If you're a member in good standing, and have an interest in volunteering, and learning about PWC ECU lending programs and processes, please contact Robin Bodie or Karen Gibson at 703-490-2786 for more information.