International Travel Notice: Visa® Fraud Control confirmed that most fraudulent activity originates outside of the United States. Thus to help guard you against fraud, our Debit Card(s) have an international security block. If you plan to travel outside of the United States, we ask that you notify us at least one week prior to your trip at: 908-862-6966 option 3 and then option 4 to have the block temporarily removed and to ensure you can use your Debit Card(s) without interruption. The information you will have to provide us will include the exact dates of your travel and the country/countries you will be visiting; or the date(s) you will perform a non U.S based transaction and the country with which you will be transacting. For added security, you may still receive a courtesy call from our fraud monitoring service asking you to verify your international purchases.
Visa® is accepted worldwide, and by signing for purchases you ensure Visa® is processing the transaction. When using your Debit Card abroad, it’s recommended to use the credit option rather than using your PIN at participating merchants. If you enter your PIN instead, the payment is routed differently and some international merchants may not be able to process your PIN transactions, resulting in a declined payment. However, your Debit Cards will work in international ATMs by using your PIN.
Your shares at Motion Federal Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF) or the Fund, an arm of NCUA up to $250,000. Established by Congress in 1970 to insure member share accounts at federally insured credit unions, the fund is managed by NCUA under the direction of the three-person NCUA Board. Share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC).
The basic insured amount for a credit union member/owner under current law is $250,000. Share accounts maintained in different rights or capacities, or forms of ownership, may each be separately insured up to $250,000. Thus, a member may hold or have an interest in more than one separately insured share account in the same insured credit union.
All types of member share accounts and deposits received by the credit union in its usual course of business, including regular shares, money market accounts, share certificates, and share draft accounts may be insured.
If a member has an Individual Retirement Account in the credit union, this account is separately insured up to $250,000 by NCUA. It’s YOUR RIGHT to have your money protected. We have you covered at Motion!
How do I know if my credit union is federally insured?
All federally insured credit unions must prominently display the official NCUA insurance sign at each member service representative station, where insured account deposits are normally received in their principal place of business and in all branches. federally insured credit unions are also required to display the official sign on their internet page, if any, where they accept share deposits or open accounts. No credit union may end its federal insurance without first notifying its members.
Is it possible to have more than $250,000 at one federally insured credit union and still be fully covered?
You may qualify for more than $250,000 in coverage at one insured credit union if you own share accounts in different ownership categories. The most common account ownership categories for individual and family shares are single owner accounts, joint accounts, certain retirement accounts, revocable trust accounts, and irrevocable trust accounts
Still have questions? Call our Visa® Department at: 908.862.6966 or visit a branch.
Re-order Credit Union Checks – Main Street
Motion’s routing number 221276480