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Current News
Introducing CHIP MemberCards and NEW Statements
Starting September 1, 2010, Peoples Credit Union will be phasing in CHIP MemberCards to all members. All MemberCards will be replaced during the Fall.
All inactive member cards will be cancelled as of September 1, 2010. If you wish to keep your card active, please make sure you process a debit transaction prior to September 1, 2010. Of course, you may visit your branch anytime to request a new MemberCard, should yours be cancelled and you find that you require a MemberCard.
What is a chip card?
A chip card (or smart card) is a credit or debit card that contains an embedded computer chip. The computer chip allows the card to store and process data.
What are the benefits?
Consumers will definitely benefit from chip card technology. Point of sale transactions will be processed using enhanced security features.
Added Security: There is no technology that is 100% invulnerable, but the chip cards do have a multi-layered defense system that helps in fraud protection and safeguarding personal information.
Will chip card transactions be conducted differently?
There are two changes:
1. Debit card holders will insert their card into the terminal rather than swipe their card. The card must be left in the terminal until the transaction has been completed.
2. Debit card holders will be required to enter a PIN, just as they do for a credit card. The PIN will replace the cardholder signature.
What about the magnetic stripe?
The magnetic stripe and the chip will co-exist. This allows consumers to use their cards in countries that have not adopted the chip technology.
When will the chip cards be in the marketplace?
It is expected that by the end of 2010, that the majority of cardholders and merchants will be benefiting from this new technology.
Click here for additional information...
Visit or call your branch for more details.
Your NEW Statements are coming.
Reviewing your monthly statements helps you organize your banking information and keep your finances on track. We have found a way to make this task easier - with our new statement look. A new layout and look for your statement presents account information more clearly and concisely.
Key features include:
Account Summary
The first thing you’ll see is your Account Summary, an overview of your accounts. The chequing and savings total includes the value of your equity shares.
Contact Us
We want to make it easy for you to Contact Us with any concerns or questions. Your branch information is clearly listed at the top right.
Updates and general member information
Any information we need to share with our members can be placed in this new area near the beginning of your statement.
Product Info Areas
Just below the name of your banking product you may find helpful information about that product or service.
Details of your Account/Product
Just after the heading, details begin and will continue onto the following statement pages. You will find clear headings, easy-to-read, line-by-line transaction listings, and helpful account summaries for the statement period.
Advertising Area
At the bottom of page 1, there is an area reserved for Peoples Credit Union ads promoting current products and services available for our members to enjoy.
Cheque Images
Cheque images (front and back) will be listed vertically (5 per page), each with a header that includes the clearing date, cheque numbers and amount for easier reference.
Click here for a sample of the statement flyer included with your July statement
Please feel free to contact your local branch with any questions you may have once you recieve your new statement.
Alcona Branch, 1040 Innisfil Beach Road, Innisfil ON (705) 436-6005
Stroud Branch, 8034 Yonge Street, Innisfil ON (705) 436-1910
Shelburne Branch, 133 Owen Sound Street, Shelburne ON (519) 925-3204
Tollendale Branch, 102-274 Hurst Drive, Barrie ON (705) 719-4460
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