Hello World Archives - Page 12 of 13 - SRI Federal Credit Union

A Romantic Valentine’s Date Night.

Are you still trying to find dinner reservation for Valentine’s Day? Instead of paying marked up prices and trying to enjoy a romantic dinner for two in a crowded restaurant, consider a lovely homemade meal with your special someone.

Posted in Hello World

Equifax Data Breach

We are aware that a large data breach has been reported at Equifax with a reported 143 million records affected. Equifax is offering complimentary identity theft protection and credit file monitoring services to all US consumers.

Posted in Fraud, Hello World

New Online Banking

The credit union has a new Online Banking provider. This will allow members more choices of how to transfer money. The new system will require you to go through a validation process including setting up a new username and password. We have had some reports of members having trouble with the validation process. Please stick with us – once all the kinks get worked out you will love the new system.

Type of Electronic Deposit	Product Name on Online banking	Deposit time frame
Member to Member (M2M)	Member to Member	Real time
Person to Person (P2P)	Pay Someone	Next business day
Account to Account (A2A)*	External Transfer	2-3 business days
Bill Payment**	Bill Pay	Up to 7 business days

Posted in Hello World, Online Banking

Overboard

We have a member who is on a trip of a lifetime! It is one of those riverboat cruise trips in Europe. Actually, it is a “barge and bike” trip where you go from city to city on the barge and then bicycle around the various towns, historic sites, and wineries! 10 days into his two-week vacation the barge sank.

Posted in Hello World, Loans

The Little Chick That Could

Once upon a time, there was a little chick named Henrietta. Growing up, Henrietta had nothing – no feathers, no car, no house, and no money.

Posted in Accounts, Hello World

New Website Debut

On April 17th our new website goes live! That’s right, this isn’t a late April Fool’s joke. Our staff has worked long and hard to bring you a new and improved website.

Posted in Hello World, Online Banking

Celebrating 60 Years!

In 1957, a group of seven SRI Researchers came together to establish this credit union. They pooled their money ($5.00 each), and the credit union was born. For the first several years, it was run out of a closet. From this first $35, SRI Federal Credit Union (SRIFCU) has grown to more than 3,500 members strong, with ten employees and assets surpassing $83 million.

As we celebrate our 60th anniversary this year, we do so knowing that we have made a real difference in the financial lives of our members and in the lives of their families over the decades. Here’s a look back at our last 60 years:

In the 60’s,ten years after the credit union started, as SRI International was inventing the mouse, Shakey the Robot, and the Internet, SRIFCU had grown to $2.3 million in assets and the members records were on a computer system at a service bureau.
By 1977, the credit union doubled again to $5.2 million, while SRI International designed and built the first fax machine and established the operational parameters for the international wire system (SWIFT). Interest rates were close to 6% on savings accounts then!
In the 80’s, the credit union grew to $16 million, saving rates were 9% and used auto loans were at 16%. Member’s records were moved to an in-house computer system.
The 90’s were a period of declining rates and growth in financial products. ATM and Credit Cards were introduced, an automatic phone teller system, and real estate lending started accelerating.
In 2000, when the real estate crisis occurred, we worked with our members to help keep their homes and their vehicles and by 2007, the credit union had grown to $47 million in assets.
In 2017, as we celebrate 60 years in service, the credit union is $83 million in assets, over $7.2 million in capital and 3,600 members! Members enjoy a wide variety of services and products including 307 real estate loans, 407 auto loans, 1,629 Visa accounts, and 17 student loans.
What will financial services over the next 60 years look like? Will we have credit cards? Or will all transactions be done on your cell phone? Will there be cell phones? Or will you just blink your passcode through your wireless internet glasses? Will we have passcodes anymore or just rely on thumbprints? Find out at the 60th annual meeting, which will be held at noon on Wednesday, March 15th in the International Building. Be sure to come and find out what “banking” will be like in the year 2077.

Our members are our first priority. The Board of Directors, Supervisory committee, and our staff are driven to make this year, our 60th, even better as we gear up for the next sixty years!

Posted in Events, Hello World

Welcome to our new blog!

As you were promised in the December Hello World, we have decided to move our newsletter to a faster and more convenient delivery method. Our new blog will give us a unique opportunity to share updates, smart financial content, the latest news, tools and tips.

Posted in Hello World

Season’s Greetings

This is the 60th issue of the Hello World newsletter – just in time for the credit union’s 60th anniversary next year. The members of SRI Federal Credit Union have been a delight to interview and get to know! New and unusual things we have explored include space weather, programming mobile satellites, and how researching infectious disease

Posted in Hello World

November 2016

When I heard a member say “I had an encounter with a hot engine,” a lot of disastrous possibilities crossed my mind. First of all, “Was anyone hurt?” Not exactly, but there was an “injury.” So my next question was, “Was it a serious injury?”

No – the injury was actually to our member’s credit card; its run-in with a hot engine caused the card to melt!

Posted in Hello World, Loans

Electronic Deposit Time Frames