News

Regulation D impacts the number of transactions Greater Pittsburgh Police Federal Credit Union may allow on your deposit accounts (including Savings, Sub-Savings and Club). This regulation was implemented by the Board of Governors of the Federal Reserve System, whose job is to ensure that financial institutions maintain adequate reserves for the funds they have on deposit.

Regulation D affects you by limiting certain withdrawals and transfers that may be made from your Share Savings, Sub-Savings and Club accounts. The following transactions (or any combination thereof) are limited to six (6) per month:

1. Overdraft agreements where money is automatically withdrawn from a share account to cover overdrafts in any of your other Greater Pittsburgh Police Federal Credit Union accounts.

2. Electronic online banking transfers from a share account to other accounts or third parties.

3. Preauthorized, automatic transfers (ACH) made at a predetermined time to third parties or to your other accounts, of which up to six (6) may be made by check, check card (if applicable) or similar order to a third party.

There is no limit on the frequency or dollar amount of transfers for the purpose of repaying loans and associated expenses where the loan has been made to you by the Credit Union or is serviced by the Credit Union.

And, there are no limitations to the number of transactions that you handle on any account in person, by mail or through an ATM. You should know that Greater Pittsburgh Police Federal Credit Union will refuse any transactions that are not in compliance with Regulation D (checks may be returned and fees applied).

FEDERAL RESERVE REGULATION D IS A DIRECTIVE OF THE GOVERNMENT, NOT OF YOUR CREDIT UNION.

****UPDATE***** 9/5/19

Credit Karma/Equifax

Attention Valued Members:

After researching this issue it has been found that Equifax implemented a code incorrectly, which resulted in the reporting/notifications errors. Equifax is working to reverse the incorrect code that was reported. Many of our members have already seen the correction on their Credit Karma account. We want to thank you again for your patience as we worked through this issue.

Valued Members,  9/3/19

The Credit Union has been getting a lot of calls regarding Credit Karma & Equifax reporting discrepancy. Credit Karma is alerting members that Equifax is reporting our Visa is either closed or transferred. We are working diligently to correct this and will update on the situation once this is resolved. We appreciate your patience at this time.

The picture of Christmas tree holidays season is just around the corner. Just when you need it the most, our Skip-A-Pay program can give you extra cash this holiday season. Greater Pittsburgh Police FCU is offering, for a limited time, a chance to skip your loan payment for one month. For $30 per loan, you can skip one monthly payment now, and it will be added to the end of your loan. The form can found under the “SERVICES” tab.  Please fill it out, fax or stop in the office today!  Please note that ALL BORROWERS on the loan(s) must sign the form.  (Offer valid for November & January only).

Home Equity loans and Visa® Credit Card are not eligible.

Greater Pittsburgh Police FCU bill payment conversion

Effective December 2, 2019, Greater Pittsburgh Police FCU will be updating to a new core processing system. This move is going to require a change in our Bill Payment system. Listed below are questions and answers that will be helpful as we move towards our December 2^nd conversion date.

When is the Bill Payment conversion taking place?

The conversion is taking place on December 2, 2019. The old Bill Pay system will no longer be available after December 1^st.

Will my payees carry over to the new system?

No, you will be required to re-register all you current payees. We encourage users to log in to the current bill pay system prior to December 2^nd to record all current payees and recurring payments.

Will I need to re-enter all my recurring bill payments?

Yes, you will have to re-enter both your payee information and recurring bill payment information in the new system.

What happens to my bills scheduled to be paid on December 2^nd or after?

All payments via check (Paper or electronic) scheduled for December 2^nd, will no longer process. You will have to add your payees and set up any payments (one-time or recurring) in the new Bill Pay system.

Will my current eBills be transferred to the new bill pay system?

No, eBills will not carry over to the new system. eBills will need to be re-entered once the new bill pay system is up.

What are eBills?

eBills are electronic versions of paper statements of bills’ You Biller’s ”eBills” arrives in you Bill Pay account service just as a biller’s “Paper bill” arrives in your mailbox.

Will I be able to see my payment history in the new system?

 No, bill pay history will not carry over to the new system. However all debits from you GPPFCU account will always be documented on past statements.