Same Day ACH Debits: What This Change Means for You

By | Member Assistance, News, Online Banking, Tips

The federal reserve will make it possible for companies to start processing same-day ACH (Automated Clearing House) debits starting on September 15, 2017. This can reduce the lag time between when you make an electronic transaction and when the money clears your account. For example, if you pay your cable bill in the morning, the funds could be cleared from your account before 5:00 the same day. Retailers can also opt to convert checks to ACH, so this change could impact check transactions, as well.

3 Tips to be prepared

  1. Don’t Assume Funds Will Clear the Day After Purchase

Habits can be hard to break. Get in the habit now of planning for funds to clear at the time you make a payment

  1. Check Your Account Balance

Keeping a low balance can have a negative impact in the event a same day ACH debit overdraws your account and is returned or incurs a fee. Even with courtesy pay, keeping your account balance at a level that supports your spending is the best way to keep your account in the green.

  1. Ask us Questions

We are here to help! As always, please contact us at 1-800-464-0253, send us a secure message through eBanking, or stop into our branch to ask any questions that you may have!

cPort Credit Union to Provide Government Shutdown Assistance to Members

By | Member Assistance

Update 7/5/17: cPort has concluded our shutdown assistance offering with the passing of the state budget and reopening of state government.

cPort Credit Union wishes to assist members who may be directly affected by the potential government shutdown. Affected members may skip a month’s payment on a loan without paying the $25 skip-a-pay fee. cPort is also offering an interest-free loan for the amount of one month’s missed pay.

Formerly the Government Employees Credit Union of Maine, cPort’s core membership includes federal employees and active duty members of the military. “We want to support our members during this time of uncertainty,” says cPort’s President and CEO Gene Ardito. “We hope that with these options, we can help our members and their families through what can be a very challenging situation.”

Proof of state employment is required to apply for shutdown assistance. State employees who open new memberships at cPort are eligible for assistance. To apply, members can call 1-800-464-0253 or stop into one of our branches.

Furry Family

How to budget for adopting a pet

By | Budget Tips, Loans, Pets

Buster, Pumpkin, Brady (x3), Toby and Jasmine – our pets are beloved members of our families here at cPort. We know that pets are furry family for cPort members, too. For members looking to adopt pets to become part their families, here are some budget considerations for becoming pet parents. Read More