This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.
twitterfacebookYouTube
Palisades Credit Union Go to main content

Blog

Home > Blog

Blog

2017 Scholarship Winners on 5/26/2017

Palisades Credit Union Awards Scholarships to Members

PEARL RIVER, NY – Palisades Credit Union has awarded three thousand dollars ($3,000.00) in college scholarships to five (5) high school seniors to help finance their college education.

The students, members of Palisades Credit Union were chosen based on their outstanding academic and extracurricular achievements.

The high school seniors who received the awards were:

Caitlin Holt – attending Harvard College

Steven Lanoce – attending Clemson University

Brianne Lee – attending Pace University

David Walters – attending Binghamton University

Hannah Welshoff – attending Ithaca College

Palisades Credit Union has also awarded a Westchester Rockland Chapter of the New York Credit Union Association college scholarship of five hundred dollars ($500.00) to one (1) high school senior.

Caitlin Holt, attending Harvard College in the fall, was the selected recipient for the Chapter award.

Credit unions are not-for-profit cooperatives with no outside stockholders, so earnings are returned to members in the form of dividends on savings, favorable loan rates, fewer fees and additional services. All member accounts are insured through the Federal government up to $250,000. 

About Palisades Credit Union

Palisades Credit Union is a not-for-profit organization founded in 1941 with a vision of building valued relationships through a lifetime of financial solutions. As the largest Rockland County based Credit Union, it operates three branches and provides a suite of full service banking products and services. Membership to Palisades Credit Union is open to anyone who lives, works, studies, volunteers, or worships in Rockland County, New York.

Share: Share on Facebook Share on Twitter Share on Google+

Buying A Second Home? Here Are Some Things To Consider on 5/22/2017

Thinking about buying a second home? Even in today’s housing market, a second home can be a great long term investment, or a way to earn extra income on the side by renting! However, there are some things to consider when buying a second home.

When shopping around for that second home, it is important to think about location, the current housing market, your personal finances and how you plan on financing your second home. Before you apply for a loan to purchase a second home, take a look at these things to consider.

  1. Know How Much You Can Afford

Buying a second home isn’t that much different than buying your first home. Mortgage lenders calculate affordability based on your personal information, including income, expenses and size of down payment. A standard rule for lenders is that your monthly housing payment (principal, interest, taxes and insurance) should not take up more than 28 percent of your income before taxes.

  1. Start Saving Now

If you are planning to purchase a second home, it’s a good idea to start saving money now! Many lenders require home buyers to have at least two months of mortgage payments in the bank, but how much is required may depend on your credit score.

  1. Know Your Score

Just like when you bought your primary home, your credit score affects what rate you can get for your second-home mortgage. The higher your credit score, the more attractive the rate and the more you save over the life of your loan. The lower your credit score, the more cash the bank will expect you to have in reserve.

At Palisades Credit Union, we strive to help our members finance the home of their dreams. We understand that finding the right home and mortgage sets a solid foundation for successful homeownership. Whether it’s your first home or your second we are here to help! Contact us today to learn more or apply online.

Find more tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Why Do Banks Charge Fees? on 5/3/2017

Have you ever been hit with a “minimum balance” fee by your bank only to wonder why you have to pay to access your own money? Read on to find out why banks charge fees and what your options are!

Nobody likes paying fees. In fact, most people will do anything to avoid them. Yet, consumers paid over $6.4 billion in ATM and overdraft fees in 2016 alone!

Banks charge a variety of different fees, some of which include ATM fees, overdraft fees, and minimum balance fees. Many big banks will charge you ATM fees if you use an ATM that is not associated with the bank you use. Overdraft fees can be the bane of those who have set up auto-pay on their bills, and are unaware of how much money they have going out. Americans across the country feel the sting of minimum balance fees.

One study shows that nearly 7 out of 10 Americans have less than $1000 dollars in their savings account. For those that live paycheck to paycheck, those minimum balance fees add up.

There is one simple reason banks charge their customers a litany of fees: banks are a business, and all businesses need to make money. When you’re constantly being charged by hidden fees to use your own money, the business of living gets even more expensive!

All of those fees add up, which makes paying bills or adding a little extra to your savings even more difficult.

So, banks are charging you for your money. What other options do you have?

Since banks function as large corporate businesses, they have to maintain their overhead and turn a profit. Credit Unions have lower expenses and are not-for-profit. Because of this, credit unions tend to be more member-friendly.

This means credit unions like Palisades have less fees, lower rates on loans, and are generally geared more towards their members as opposed to profits. This allows us to pass on savings to our members. For instance, many credit unions offer free checking accounts with no minimum balance fees.

When you take a look at the numbers, the benefits of being a member at a credit union become even more apparent. According to the National Credit Union Association, as of June 27, 2014, the average interest rate on a 48-month new car loan was 2.64 percent at the credit union, compared with 4.78 percent at major banks.

Did we convince you? If you’re interested in making the switch to a credit union, Palisades Credit Union is here for you! Our free checking account options have tons of perks that can help you save money and you won’t have to worry about being charged for ATM fees!

Find more tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Millennials: Use These 5 Tips To Build Credit on 5/2/2017

Millennials may say they don’t want credit or that they have no worries about credit, but in reality, everyone needs to be actively concerned with their credit and credit score.

According to a recent study, nearly 40% of millennials have credit scores of 620 or less – which is considered poor or bad credit. A low credit score is often a signal to lenders that someone may not adhere to a loan’s terms , or they are failing to make their minimum payments on time. This can cause problems when applying for a car, apartment or mortgage. Fortunately, building credit and credit worthiness isn’t as hard as it may seem! Take a look at these 5 tips to get started.

  1. Establish A Credit History

A credit history is a record of all of your credit accounts,  lenders use this information to learn about you and how you use money. For example, the number of credit cards or loans you have and payment records are listed in your credit history.

While many millennials may not be concerned with their credit history right now, it can impact larger purchases down the road. Since most lenders want to see a long track record of financial responsibility the earlier you begin building your credit history the better.

  1. Pay Bills On Time

Payment history, namely the consistency of making payments on debts, comprises 35% of how your credit score is determined. Payments on everyday bills, like  utilities and credit cards, are reported to credit bureaus. You can really make this system work to your advantage by paying your bills consistently on-time. Automate bill payments if you can’t remember or aren’t punctual.

  1. Use Credit Cards (Wisely!)

Applying for a credit card is one of the easiest ways to begin building credit and credit history – but make sure you use them wisely!

One way to use your credit card to build credit is to charge everyday purchases like gas and groceries and then make regular monthly payments. This will help create a positive credit history and build your credit score over time.

However, paying your credit card off each month may seem ideal (after all who wants to pay extra in interest) but if you are just beginning to build credit you may want to consider “carrying” a small balance each month so lenders can see you are using credit in a responsible manner.

  1. Know Your Score!

Just like you wouldn’t go shopping for a new car without knowing how much you can afford, you shouldn’t go applying for credit cards or loans without knowing what your credit score is. Knowing your score can also help you identify which areas you can work on improving – like your credit history, debt utilization ratio and more. Checking your credit report at least once a year can also help you identify errors in your report (credit companies make mistakes too!) and allow you to resolve them.

Federal law allows you to get a copy of your credit report every 12 months. Learn more and request your free copy by visiting AnnualCreditReport.com.

  1. Put Your Student Loans To Work

When it comes to student loans, it seems millennials are adopting an “out of sight, out of mind” attitude. According to one study, 37% of college grads are unaware of the interest rate on their student loans and 15% were unaware of how much they even owed. Because creditors and lenders view student loan debt just like any other debt, you want to make sure you are not skipping payments or paying late to avoid it negatively affecting your credit score.

If you are stuck with student loans and are not in the financial position to get a credit card or loan, then consider consolidating all your student loans into one loan. Often times, this can help lower your interest rate and give you more flexibility in payment options.

Find more tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Student Loan Consolidation vs Refinancing on 4/21/2017

Student Loan Consolidation vs. Refinancing

Learn the difference between student loan consolidation and student loan refinancing to find out which option is best for you.

Let’s face it: college is expensive. According to one recent survey, 7 out of 10 college graduates from public and non-profit colleges had an average of $30,100 in student loans. As if student loan debt wasn’t stressful enough, many college graduates also have multiple student loan payments to multiple servicers at a variety of interest rates.  If you find yourself in this situation, don’t worry, we can help! Not only can we help Rockland County residents finance upcoming education expenses, we can also help consolidate existing student loans.

What Is Student Loan Consolidation?

Consolidating your existing student loans allows you to combine multiple education loans into one loan which results in a single monthly payment instead of multiple payments. In addition, consolidating your student loans means you will pay one interest rate which is a weighted average of the prior loans.

Benefits Of Student Loan Consolidation

Typical student loan repayment terms range from 5 to 20 years. By extending the repayment term, you can significantly reduce the amount of money you’re required to pay each month. If you are on a tight budget, this can give you some extra breathing room. Another benefit of student loan consolidation is the ability to remove a co-signer from the loan. 

Beware Of Student Loan Consolidation Scams

College graduates burdened by student loan debt beware: don’t be fooled by student debt relief scams. Common signs include charging you an upfront fee to begin the student loan consolidation process, offering you a service with high fees attached to it, or being told that a service can offer full debt relief. 

Before you begin the student loan consolidation process, make sure you are choosing a reputable company to assist you or choose a credit union like Palisades CU. Why? Credit unions are not-for-profit financial institutions, which means you will likely receive a better interest rate when compared to banks.

Have questions or need additional information before you get started? We’re here to help! Contact us or visit one of our three convenient branches. If you’re ready to get started apply online now for quick approval!

Find more tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Fund Your Dream Vacation With A Personal Loan From PCU on 4/21/2017

Fund Your Dream Vacation With A Personal Loan From PCU!

Personal loans are most often used to consolidate debt or pay off credit card bills but they can also be used for a world of travel opportunities. Read more to see if a personal loan from Palisades Credit Union is right for you!

Travel can provide life-changing experiences that you never forget. Unfortunately, those life-changing occasions can be pricey. According to the U.S. Department of Labor's Consumer Expenditure Survey, Americans who travel beyond our borders spend an average of $271 per day, per person.

So, what can Rockland County residents do when a bucket list trip pops up at a discount and you're temporarily tapped out? Consider applying for a personal loan from Palisades Credit Union. Even if you have room to add to your credit card balances, unsecured personal loans can be a better way to pay for a dream vacation.

Loan vs. credit cards

If you have a travel or rewards credit card, you don't have to forego the benefits of using it for your travel. Get your rewards, miles or cash back by charging your trip, but pay it off right away with a travel loan.  Personal loans offer several additional advantages over credit cards including:

  • Personal loan rates are almost always lower than credit card rates.
  • Personal loans don't increase the utilization ratio of your credit lines, which helps your credit score.

Unsecured vs. Secured Loans

At Palisades Credit Union we offer various options for personal loans: unsecured personal loans and secured personal loans.

Unsecured personal loans are available for up to $30,000. Palisades Credit Union has competitive rates and flexible terms for whatever fits your style. There are no limits on the use of loan funds and there is no security required.

Our Secured Personal Loan is a loan that is secured by cash in a savings or certificate account. By using your savings or certificate as collateral on a loan you can enjoy much lower interest rates than with most conventional bank loans. This is also a great way to establish credit history without depleting your hard-earned savings.

Get Packing!

Plan now for your dream vacation without breaking the bank! Apply now for our Personal Loan Special! Click here to apply online today!

Learn more by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Drive Away With A Low Rate on 4/13/2017

Drive Away With A Low Rate And More Benefits!

Once you've found the vehicle that fits your needs, make sure your auto loan is also a perfect fit. Learn if the Flex Auto Saver Loan from Palisades Credit Union is right for you!

Contrary to what many people think, car dealerships are not the only places that offer auto leasing. Before you decide to go with the dealership’s lease option, calculate your Flex Auto Saver Payment! Like a lease, Flex Auto Saver offers payments considerably lower than conventional financing on your new or preowned vehicle. Yet, unlike leasing, you own the vehicle and receive all of the flexibility and benefits of vehicle ownership!

Auto Leasing vs. Purchasing

With a vehicle lease you have the car for a set number of months (the average is 37) and the end of the final month the borrower returns the car to the lender or takes out a loan to finance the remaining balance. Vehicle leases offer great benefits, especially if you drive a consistent number of miles each year, need to have a newer car that requires low maintenance, or like to change cars every few years.

Flex Your Spending Power

Not sure if leasing a vehicle is right for you? The Flex Auto Saver loan combines the best benefits of both a lease and a purchase loan to put you in the driver’s seat!

With the Flex Auto Saver loan, you will enjoy considerably lower financing rates compared to a conventional auto loan and no application fee to get started. After a few years, if you decide you want to sell, trade or purchase the vehicle you can! Or if you decide that you want to get a new car, you can return your current leased vehicle at loan maturity and simply walk away.

Calculate Your Options

Finding the perfect car may be hard, but finding the best auto loan to meet your needs is not with our online calculator! Simply enter the vehicle year, make, model and style and compare the cost of the Flex Auto Save Loan to a conventional loan payment to see which option is right for you!

Ready to get started? Apply online now for a Flex Auto Saver loan from Palisades CU and drive away with a super low rate! Find more tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Credit Card Upgrade on 3/29/2017

Palisades CU is pleased to announce that we are upgrading our credit cards!

In addition to upgrading cards, all credit card information will be accessible through Online Banking.

Here are some of the new features:

  • New Rewards Program
  • Easy to use interface

Beginning Saturday, April 8, 2017:

  • If you need to report your credit card lost or stolen, please call 800-449-7728.
  • if you are trying to access your credit card by calling the number on the back of your card, please call 855-779-1065.
  • If you are trying to access your credit card online at www.gotomycard.com, please login to Palisades CU online banking. Credit card information such as balance, minimum due, due date and the ability to make payments is available. 

Beginning Monday, April 10, 2017:

  • Full online access to your credit card will be available through on Palisades CU online banking. 

Once you receive your new card:

  • Activate your new card by May 2, 2017
  • Update the payment address in your records or with any Bill Pay services
  • Update your card number with any merchants that process automatic charges

Important dates to remember if you have a Palisades CU Rewards credit card:

  • April 6, 2017: Last day to earn points with existing rewards program
  • April 7, 2017: Begin earning points with new rewards program
  • April 30, 2017: Last day to redeem points in current credit card portal
  • May 1, 2017: Begin to redeem points earned after April 6, 2017 with new rewards program

May 31, 2017: Points earned before transition will be available in the new rewards program

For information about using online to access credit card information click here

 

Share: Share on Facebook Share on Twitter Share on Google+

Mortgages: CU vs. Bank on 3/28/2017

Whether you are a first-time home buyer or a seasoned veteran, you likely already know that there are many options available when choosing a mortgage lender to buy a new home. Many people choose large banks or corporations for their mortgages because they feel that they can get a better rate – but is that really true? Read on to find out!

  1. With A Credit Union You’re More Than Just A Number

When you apply for a mortgage loan with a credit union, you’re more than just a number, you’re a member. As a member of a credit union you can take advantage of lower fees, better rates and superior customer service. Credit unions can offer these benefits and more because they are not-for-profit organizations. 

Not already a member of a credit union? Becoming one is easier than you think! Palisades Credit Union is proud to be the first federally insured community chartered credit union in Rockland County. Individuals who live, work, worship, volunteer or attend school in Rockland County, New York can join us. Simply use this link to apply online to become a member of Palisades Credit Union today!

  1. You Could Save Money With A Credit Union

Credit unions are known for having lower fees when compared to most big banks. How can credit unions offer such great rates? Because credit unions are not for profit and member owned, profits are returned to members of the credit union in the form of lower rates and fees. This is different from banks, whose sole purpose usually involves generating revenue for investors.

  1. Don’t Have Excellent Credit?

Many people overlook credit unions as an option for mortgages, especially if they don’t have excellent credit. With a credit union, you are seen as a member, and depending on your situation we will try to find an option that works for you.

Buying a home is often the largest purchase most people will make in their lifetime so finding the right mortgage loan is important! If you are a resident of Rockland County, New York we encourage you to take a advantage of the mortgage loan benefits that a credit union like Palisades Credit Union can offer including personalized service and great low rates! Ready to get started? Apply online today.

Find more mortgage tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Spring Into Action on 3/15/2017

Spring Into Action With A Home Equity Line of Credit (HELOC)

Put your home’s equity to work and get the flexibility you need with a Home Equity Line of Credit (HELOC) from Palisades Credit Union! Whether you want to spruce up your home for spring, plan a vacation or consolidate your debt you can do it on your terms with help from Palisades Credit Union.

 

What is A Home Equity Line of Credit?

A Home Equity Line of Credit (HELOC) is a revolving form of credit that is similar to a credit card except it uses your home as collateral.

Palisades Credit Union is currently offering Rockland County homeowners a special introductory rate on new HELOC loans! You can even use it for properties in New York, New Jersey, Connecticut, Massachusetts, and Pennsylvania.

 

Benefits Of A Home Equity Loan

There are many benefits of getting a home equity line of credit thorough Palisades Credit Union including:

  • Possible tax advantages
  • Pay only for what you use on your line of credit
  • Lower interest rate than using your credit card
  • Your line of credit rebuilds each time you make a payment
  • You have 10 years to draw money as you see fit
  • After the 10 years is up, there is a 15-year repayment term

 

What Can You Use A Home Equity Line of Credit For?

Palisades Credit Union Home Equity Lines of Credit allow homeowners to use available equity to help finance for home improvements, tuition, debt consolidation, vacation or to refinance existing mortgages with higher rates.

Ready To Get Started?

Applying online for a home equity line of credit is fast and easy! Click here to get started today.

 

Find more tips and information by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

First Time Home Buyer Tips! on 3/6/2017

Are you ready to buy your first home? Taking the steps to buy a home is exciting but it can also be scary if you don’t know what to expect. Take a look at these tips to avoid making common mistakes that could end up putting your new home loan on hold!

  1. Not Knowing How Much You Can Afford

A standard rule for lenders is that your monthly housing payment (principal, interest, taxes and insurance) should not take up more than 28 percent of your income before taxes. If you don’t already have a monthly budget, take a few minutes and list all of your monthly expenses (not including how much you are currently spending on rent) including your car payment, credit cards, student loans, health insurance, etc. Next, subtract that amount from your paycheck amount and you’ll know about how much you can spend on a new home each month. Knowing what your price range is for a new home can prevent the frustration of falling in love with a home that you can’t afford.

  1. Not Getting Prequalified For A Mortgage

Mortgage pre-qualification means that a lender has reviewed your income to give you a general idea of how much you can borrow for a new home loan. While this does not guarantee that you will receive a mortgage loan, it’s a good place to start. Shopping for a new home without preapproval would be like going to the grocery store without your wallet. Pre-qualification will give you an idea of what price range you can shop in and it paves the way for the next step in the mortgage process: pre-approval.

  1. Not Choosing The Right Lender

One of the most complicated decisions you will likely make concerning your home mortgage will be which lender to choose. Today there are many mortgage lenders eager and ready to accept your loan application. But just because a lender accepts your application doesn’t mean it’s the right deal for you.

Before you begin the prequalification process, make sure to shop around and compare financial institutions that offer mortgage loans. Commercial banks aren't the only financial institutions that originate mortgages – credit unions like Palisades Credit Union can too!

At Palisades Credit Union we strive to help our members finance the home of their dreams. We understand that finding the right home and mortgage sets a solid foundation for successful homeownership. Whether it’s your first home or a refinance, our representatives will walk you through all the steps.

The Bottom Line

Being a first time homebuyer may seem stressful and overwhelming at times but knowing what to expect and working with a mortgage lender with your best interest in mind can make the process much easier!

Find more mortgage and new homebuying tips by following Palisades Credit Union! Connect with us on Facebook, Twitter, Instagram or LinkedIn.

Share: Share on Facebook Share on Twitter Share on Google+

Funtastic Fundraiser on 2/7/2017

Palisades Credit Union Partners with Rockland Boulders for Charity

Palisades Credit Union is proud to partner with the Rockland Boulders in their new and exciting fundraiser program that is guaranteed to help area groups and 501(c)3 organizations raise an unprecedented amount of money while enjoying all the fun of a Boulders home game.

“The Rockland Boulders have been successful since day one and a lot of that success can be attributed to groups who enjoy spending quality time together at the ballpark,” said Ken Lehner, Boulders Team President.

The “Funtastic Fundraiser Program” can be enjoyed as part of any Friday or Saturday home game during the Boulders 2017 regular season. On Friday nights, qualifying groups can sell $15 tickets that include a special Rockland Boulders hat and an infield box seat. For each ticket sold, the Boulders will donate $4 to the participating group. The same deal will apply on Saturday nights, $15 for an Infield Box Seat and a Boulders hat, but the team will instead donate $6 to the organization for each ticket sold.

During this exciting new program, should any 501(c)3 organization sell at least 100 tickets to their individual game, Palisades Credit Union will match the donations by the Boulders – which will allow groups to receive up to $12 back for every $15 ticket sold.

 “Palisades Credit Union is proud to be part of a fundraising program that gives back to community groups and organizations,” said Tony Molina, CEO of Palisades Credit Union. “It is exciting that our participation will allow organizations to continue to make a difference in, and provide for Bergen, Orange, and Rockland counties.”

A total of 19 dates are available for this exciting program, including 10 Saturdays throughout the 2017 summer, that all include a post-game Fireworks Extravaganza. The first game where groups can take advantage of this new plan is Saturday, May 20th, a scheduled double-header with the Sussex County Miners set to begin at 6:30pm at Palisades Credit Union Park.

If your group is interested in booking a fundraiser game this year, call (845) 364-0009 to speak with an experienced Rockland Boulders sales representative. The Rockland Boulders will begin their seventh season of play in the Can-Am League on Thursday, May 18th at 7:00pm when they host the Miners.

For more information on Palisades CU and its services, visit www.palisadesfcu.org or call 800-438-7415.

About Palisades Credit Union

Palisades Credit Union is a not-for-profit organization founded in 1941 with a vision of building valued relationships through a lifetime of financial solutions. As the largest Rockland County based Credit Union, it operates three branches and provides a suite of full service banking products and services. Membership to Palisades Credit Union is open to anyone who lives, works, studies, volunteers, or worships in Rockland County, New York.

Share: Share on Facebook Share on Twitter Share on Google+

Saving Rockland Over $2 Million in Interest on 1/9/2017

Palisades Credit Union Saves Rockland County over $2 Million in Interest

Palisades Credit Union set a goal in 2016 to save Rockland County residents $1 Million in interest on loans with competitive rates. As a community chartered credit union, Palisades wanted to reinvest in its members and the community. The credit union found a way to save its community money by helping members find lower rates for their loans

Over the last year, Palisades CU saved members over $2 Million in interest on loans. Members were able to take their savings and use it to spend time with family and reinvest in the community. Palisades is proud to help members take that money back from institutions valuing profit over people.

Palisades Credit Union has been serving its members for over 75 years and looks to continue providing competitive financing to the community. Join today and see how much you can save on your next loan! For more information on Palisades CU and its services, visit www.palisadesfcu.org or call 800-438-7415.

About Palisades Credit Union

Palisades Credit Union is a not-for-profit organization founded in 1941 with a vision of building valued relationships through a lifetime of financial solutions. As the largest Rockland County based Credit Union, it operates three branches and provides a suite of full service banking products and services. Membership to Palisades Credit Union is open to anyone who lives, works, studies, volunteers, or worships in Rockland County, New York.

Share: Share on Facebook Share on Twitter Share on Google+

How to Set Up Direct Deposit on 12/28/2016

Direct Deposit is a free service that automatically deposits recurring income into your checking or savings account. Types of deposits that qualify include: salary from your employer, Social Security, pension, retirement plans, the Armed Forces, VA benefits, and annuity or dividend payments.

If your employer or agency offers Direct Deposit, you just need to follow these easy steps.

  1. Ask your employer or agency for the form to set up Direct Deposit
  2. You will provide them with Palisades CU’s routing #: 221979101 and your account number will be your member number.
  3. Select the account you have at Palisades to deposit your income. Make sure to select a type of account that you already have (checking or savings).

Make sure to monitor your account to verify the deposit went into effect.  

Share: Share on Facebook Share on Twitter Share on Google+

Black Wednesday Sale on 11/14/2016

Beat the Rush! Black Wednesday Loan Sale

In honor of the biggest shopping season, Palisades CU will host a Black Wednesday Loan Sale to get shoppers ready for Black Friday. You can apply online or in person starting Wednesday, November 23 8AM-5PM EST. Get ready to submit those applications early as rates will increase throughout the day. 

Apply Online

  Auto Loan Personal Loan
First person approved in each branch or online As low as 0.99% APR* As low as 4.99% APR*
Next 10 people approved in each branch or online As low as 1.29% APR* As low as 5.49% APR*
Approved loan applications submitted before 11AM EST As low as 1.59% APR* As low as 5.99% APR*
All Day Rate As low as 1.99% APR* As low as 6.99% APR*

*APR = Annual Percentage Rate. Application and Membership with Palisades Credit Union is required. This offer is not valid on loans currently held at Palisades CU. Applicant must apply online or in person on Wednesday November 23rd from 8AM - 5PM EST to receive this special offer. Standard underwriting guidelines will apply. Maximum auto loan term is 60 months. An auto loan with a 60 month term at 0.99% APR would have an estimated monthly payment of $17.09 per $1,000 borrowed. Maximum personal loan term is 36 months. Maximum personal loan amount is $30,000. A personal loan with a 36 month term at 4.99% APR would have an estimated monthly payment of $29.97 per $1,000 borrowed. Minimum loan amount for all loans is $2,500. Employees and volunteers of Palisades Credit Union and their immediate family are not eligible for this offer. Advantage Pricing does not apply. 

Share: Share on Facebook Share on Twitter Share on Google+

Travel Tips on 11/9/2016

Five Travel Tips to Help Make Vacation a Breeze

  1. Sign up for Online Banking

While traveling you can monitor your accounts from anywhere! Download the Palisades CU mobile app to check your balances on the go. It takes minutes to sign up!

  1. Sign up for Bill Pay.

Don’t miss any payments while you are away. You can easily set up automatic payments for bills online to avoid any late fees.

  1. Notify the Credit Union about travel plans.

Make sure Palisades CU knows when and where you are traveling so that you can continue to use your cards securely while on vacation. Palisades CU wants to ensure your accounts are secure. When unusual account activity is seen, it may be flagged as fraud to protect you. Give us a call at 845-602-4242 or send us a secure message through Online Banking to inform us of any travel plans

  1. Put a hold on your mail.

Identify theft could be a problem especially when you are away on vacation. Those looking for a way in, will notice your overflowing mailbox and might just take a peek at your financial statements. Make sure to put your mail on hold so it is held securely at the post office until you are back from vacation.

  1. Check out our ATM and Branch Locator.

Avoid fees while you are away. Make sure to use our website locator to find the nearest shared branches or in network ATMs while on vacation. And remember, as long as you qualify in your Kasasa Rewards Checking account, you will be reimbursed up to $25* for any out of network ATM fees nationwide.

Share: Share on Facebook Share on Twitter Share on Google+

Relief for Hurricane Matthew on 10/7/2016

Palisades Credit Union Offers Relief Loan Special for Hurricane Matthew

(Pearl River, NY) - Palisades Credit Union announced today that they will be offering low rate relief loans to provide assistance to all Rockland county residents who have families that have been affected by Hurricane Matthew.

The Credit Union is offering personal loans at 50% off their standard rates for terms up to 24 months. The loans can be used for anything to help with relief in the affected areas. Through this offer, Palisades CU hopes to help the families of our members who have been affected by Hurricane Matthew.

Relief Loan applications can be taken online and over the phone, please visit www.palisadesfcu.org/apply to get started. For more information about the loan program visit www.palisadesfcu.org/reliefloan

About Palisades Credit Union

Palisades Credit Union is a not-for-profit organization founded in 1941 with a vision of building valued relationships through a lifetime of financial solutions. As the largest Rockland County based Credit Union, it operates three branches and provides a suite of full service banking products and services. Membership to Palisades Credit Union is open to anyone who lives, works, studies, volunteers, or worships in Rockland County, New York.

Share: Share on Facebook Share on Twitter Share on Google+

Palisades CU 2016 Scholarship on 10/3/2016

Palisades Credit Union Offering Local Students Chance to Win Scholarships

(Pearl River, N.Y.) – Palisades Credit Union is offering local high school seniors a chance to win scholarships for college. Palisades CU is participating in the New York Credit Union Association’s statewide credit union scholarship program, which provides credit union members with scholarships. In 2016, scholarships awarded ranged from $250 to $1,500.

To be eligible, students must be high school seniors attending two- or four-year accredited educational institutions for the first time in the fall of 2017. They must also be members Palisades CU.

Students/applicants will be competing against other credit union members from across the state. Applicants will be judged based upon academic achievements, extracurricular and community activities and the quality of written essays. Last year, the New York Credit Union Association awarded $25,000 in scholarships through the program. In addition, Palisades CU awarded $3,000 to 7 local students.

For more information about the scholarship program, click here

About Palisades Credit Union

Palisades Credit Union is a not-for-profit organization founded in 1941 with a vision of building valued relationships through a lifetime of financial solutions. As the largest Rockland County based Credit Union, it operates three branches and provides a suite of full service banking products and services. Membership to Palisades Credit Union is open to anyone who lives, works, studies, volunteers, or worships in Rockland County, New York.

Share: Share on Facebook Share on Twitter Share on Google+

To Refinance or Not To Refinance on 9/26/2016

Have you checked mortgage interest rates lately? If rates happen to be lower than when you bought your home, it may make sense to refinance to a lower rate. Read on to learn more about refinancing and to see if it’s something you should consider.

Read More »
Share: Share on Facebook Share on Twitter Share on Google+

Mystery Shopper Scam on 8/12/2016

Palisades Federal Credit Union is aware that there is a Mystery Shopper Scam that utilizes fraudulent credit union checks with our logo and credit union information.

Letters are being sent welcoming people to the Mystery Shopper program. Recipients are asked to deposit the fraudulent check into their bank accounts. After completing a few assignments, they are told to keep a set amount as their payment for completing the mystery shop assignments and to send the rest back to the sender.

If you receive an invitation from a Mystery Shopping company,

  • DO NOT deposit the check. Legitimate companies will not pay you in advance and ask you to send money back to them.
  • Verify the company information.
  • If it sounds too good to believe, it usually is.

If you have received one of these letters, we ask that you contact us so that we can continue our investigation with the appropriate authorities. You may give us a call at 845-602-4242.

Share: Share on Facebook Share on Twitter Share on Google+

ATM Network Upgrades on 8/1/2016

As of Setepmber 7, 2016 Palisades CU will no longer be part of the Allpoint Network. For up to date ATM locations please use the ATM locator on our website and mobile app. 

With our new Kasasa Rewards Checking accounts, you may be eligible for monthly ATM refunds up to $25 nationwide. To learn more about Kasasa Rewards Checking accounts click here or call 845-602-4242.

 

Share: Share on Facebook Share on Twitter Share on Google+

A Home Run For Palisades CU Members on 6/14/2016

Palisades Credit Union Park

Palisades Credit Union is now offering discounts at Palisades Credit Union Park, home of the Rockland Boulders. By using a Palisades CU debit or credit card you can receive 20% off tickets at the box office, items in the team store, and food& non-alcoholic beverages in the main concession stands.

If you do not already have a checking account with Palisades Credit Union or a debit card, visit one of one of our branches or www.palisadesfcu.org/apply

Share: Share on Facebook Share on Twitter Share on Google+

Palisades CU Ballpark on 4/25/2016

Palisades Credit Union Acquires Naming Rights to the Rockland Boulders Ballpark

 

Fans of the 2015 Can-Am Regular Season Champion Rockland Boulders will find a new community partner on the ballpark this year with the announcement today that Palisades Credit Union has acquired naming rights to the park now to be called Palisades Credit Union Park.

“We’re thrilled to have this longtime community financial institution join our family and a team that promotes America’s pastime while providing quality and affordable family entertainment,” said Boulders President Ken Lehner. “Palisades Credit Union has a 75-year history serving our region, representing more than 15,000 area residents and is poised to grow significantly.”

Palisades Credit Union President Tony Molina said “this decision is about building a partnership for a long-term commitment, serving the community and providing our members with great benefits through this relationship.  Palisades Credit Union and the Rockland Boulders share a culture of community involvement that makes this a perfect fit.”

Palisades Credit Union takes over naming rights from what had been Provident Bank, which acquired  Sterling National Bank and now operates under the Sterling name.

The Boulders will begin their quest for their third straight pennant at the new Palisades Credit Union Park on Thursday, May 19th at 7:00 pm when they host the Sussex County Miners. The first 1,000 fans will get a 2016 magnet schedule, while all fans will enjoy a post-game Fireworks Extravaganza.

 

About Palisades Credit Union

Palisades Credit Union is a not-for-profit organization founded in 1941 with a vision of building valued relationships through a lifetime of financial solutions. As the largest Rockland County based Credit Union, it operates three branches and provides a suite of full service banking products and services. Membership to Palisades Credit Union is open to anyone who lives, works, studies, volunteers, or worships in Rockland County, New York.

About Rockland Boulders and Bottom 9 Baseball, LLC

The Rockland Boulders are entering their sixth season of professional baseball in the Canadian American Association of Professional Baseball (“CanAm League”) after reaching the playoffs for the second straight season last year. After winning their first ever league championship in 2014, Rockland set new records for wins (63) along with a new mark for overall attendance, bringing 161,769 fans to Provident Bank Park in 2015. Their first ever home game was played on June 16th, 2011 in a brand new stadium, formerly known as Provident Bank Park, now known as Palisades Credit Union Park, near Exit 12 of the Palisades Parkway in Pomona, NY. Expected to enhance the rich baseball history in the New York City region, Rockland Boulders Baseball is part of the fastest growing family sport in America. During the 2014 season, the Boulders also welcomed their 500,000th fan, leading the league in total attendance and per-game attendance. In 2014, Rockland was named the CanAm’s “Organization of the Year” for the second time, also receiving the honor in 2012. The Boulders are owned and operated by Bottom 9 Baseball, LLC (B9B), a sports and entertainment management company comprised of former executives from all levels of major and minor league sports. B9B is committed to providing superior customer service and quality, affordable family entertainment experiences for the Lower Hudson Valley and northern New Jersey. Slide to www.rocklandboulders.com for more information.

Share: Share on Facebook Share on Twitter Share on Google+

Updated Fee Schedule on 4/1/2016

On April 1st we sent out our updated fee schedule to our members. Make sure you take a look as the new fees will be effective as of May 16, 2016.

 

Here is a link to our current fee schedule: Fee Schedule

 

If you have any questions please give us a call at 800.438.7415.

Share: Share on Facebook Share on Twitter Share on Google+

Go to main navigation
tr?id=944422258948976&ev=PageView&noscri