COVID-19 related updates

Friday, July 3, 2020

COVID-19 related updates

 *SUBJECT TO CHANGE AT ANY TIME*

Our Lobby has limited hours to help us comply with CDC requirements. Access will be granted to those who are feeling well Monday-Friday only.

 

We greatly appreciate your compliance with the following guidelines:

  • Do not visit the credit union if you have a fever, or are feeling unwell.
  • Wearing a mask is recommended but not required.
  • Please keep interactions to a minimum.
  • The lobby will be entirely closed on Saturdays, sorry no appointments.

LOANS - Contact Andrew

  • Apply online or drop off application with your contact information.
  • He will then phone or email you with any questions and/or to make an appointment to sign loan papers.

DRIVE-UP

  • Open normal hours 

NEW ACCOUNTS

  • Stop by and pick up an account packet or call to have one mailed to you.
  • Bring all the forms back filled out.
  • If you wish to limit your time in the office, you can come back later or wait outside while we create the account on our system. After account is set up, someone will call to ask you to come back in to scan your ID and make the initial deposit.

 

We regret any inconvenience related to these temporary changes to our policies and greatly appreciate your understanding as we strive to do our part to protect the health and safety of our community.

 

Click here to learn about our wide range of remote banking options

 

 

$50 for 50 Community Appreciation Gifts

Tuesday, May 19, 2020

During the Covid-19 crisis many unsung heroes have gone the extra mile to keep our community functioning. Police, healthcare workers, teachers, grocery store employees, restaurant workers, and many others have had to find new ways to provide their essential services safely. This process has been exhausting and stressful. We know we can't thank everyone who deserves our gratitude, but we've set aside $2,500 to allow us to give fifty of these individuals $50 each as a token of our appreciation.

If you know someone in our community whose diligence and hard work during these difficult times deserves recognition, please nominate them for our "$50 for 50 Community Appreciation Giveaway" using the form below. 

50 for 50 Nomination Form.pdf

We'll begin accepting nominations June 1st, 2020-June 26th, 2020. Gifts will be awarded at the end of each week for four weeks. No relationship with the credit union is required to be nominated or receive a gift. See the Nomination Form for additional details.

Banking from home

Friday, March 13, 2020

Alternatives to Lobby Business

Vermillion Federal Credit Union is all about community. We love to visit with our members whenever they stop by the branch. However, as you are surely aware, coronavirus has arrived in South Dakota and guidance from the CDC suggests social distancing is the most effective way individuals can help limit the impact of COVID-19.

Your credit union has long-established and robust plans in place to ensure your accounts remain secure and accessible during even very severe disasters and pandemics. To assist you in developing your own plans about how to limit face-to-face interactions when conducting routine banking activities, we've put together this brief list of remote alternatives to common lobby business and teller transactions.

Deposits

· Check deposits – Use Remote Deposit Capture (deposits processed at 10AM and 4PM, Mon-Fri), or mail checks to us with deposit instructions

· Cash deposits – Deposit in night drop with deposit instructions

· Payroll depositsRemote Deposit Capture, or set up direct deposit via ACH

 

Withdrawals

· Cash withdrawals – ATMs (no-fee ATM locations), or get cashback w/ purchase

· Money orders – These can be mailed to member address on file

· Counter checks/ boxes of checks – Can be mailed

 

Loans

· Applications – Apply via Online Banking, our Mobile App, or website

· Loan payments – Mail a check, use night drop, or transfer from VFCU checking or savings (via Online Banking, Mobile App, or phone call)

 

Forms

· Form signing – Fax, mail, or secure email

 

Account activity

· Account balances – Online Banking, Mobile App, or phone call during business hours

· Account activity – Online Banking, Mobile App, or phone call during business hours (printouts can be mailed)

 

Cards

· Card issues – Phone call to office or our after-hours card number (866-664-9364)

· Prepaid card reloads – Phone call during business hours

 

If any of these options are unfamiliar to you, you can find more information about all of them on our website or by giving us a call here at the branch at (605) 677-5214.

Scholarship Opportunities!

Friday, January 24, 2020

The Credit Union Foundation of the Dakotas will award twenty $500 scholarships to credit union members in the Dakotas pursuing higher education!

Applicants must have been credit union members for at least one year and either be currently attending an accredited college, university, or technical/vocational school, or planning to enroll in the fall. Applications must be postmarked by March 31. Scholarship winners will be announced in May 2020.

Please download your scholarship form and follow the eligibility and application requirements. If you have any questions, please contact Lori Welder, Executive Director of the Credit Union Foundation of the Dakotas, at 701.250.3968 or lwelder@cuad.coop.

 

The South Dakota Retailers Association is also offering scholarships again this year. Last year the amounts awarded ranged from $2,250 to $3,000 per scholarship!

The SDRA scholarship defines a "retail/retail-related field of study" quite broadly for the purposes of eligibility. Accounting, Auto Mechanics, Computer Science, Culinary Arts, Heating/Ventilation, and Sales/Marketing Management are all listed as examples of eligible programs.

For more information, visit https://www.sdra.org/scholarships.html

Mobile Wallet Support!

Tuesday, January 14, 2020

Mobile wallet payments offer a secure and convenient alternative to plastic cards. As of today, you can now store your VFCU debit card in your Google Pay, Samsung Pay, or Apple Pay mobile wallet and use it anywhere these payments are accepted!

Holiday Loan Specials!

Friday, November 1, 2019

Happy Holidays!

If your budget is looking a little tight this holiday season, consider applying for a Holiday Loan or signing up for our popular Holiday Skip-a-Payment program. This year, we're offering a special 6% APR on all approved Holiday Loans.

To qualify, loans must be written in November, December, or January and must be payed off before the end of December 2020. Also, if you already have a loan with us and have made at least six payments, you may be eligible to skip a payment in November, December, or January without penalty.

Additional information on both specials can be found here.

New Tougher Cards!

Monday, August 26, 2019

After receiving several reports of debit cards wearing out too quickly, we’ve arranged to begin replacing them with more durable stock. The new cards will look different and feel sturdier but not change in any other way. They’ll still be Mastercard debit cards and your card number won’t change. When your current card reaches its expiration date, you’ll receive one of the new ones in the mail at no charge. If you want or need to replace your card before then, just give us a call and we’ll order you one of the snazzy new ones for just $10!

 

Thank you to the members who let us know about their cracked cards and trouble swiping. We strive to provide only the best products and services to our members. Your feedback is how we know if we are meeting that goal.

2018 Annual Report

Thursday, April 11, 2019

Our 2019 annual meeting was held at the Credit Union office at 4:00 PM on Wednesday, April 10th. If you weren't able to attend, you may be interested in checking out our 2018 Annual Report. In it you'll find reports on our finances, the minutes from our 2018 annual meeting, and our plans for the future.

Sadly (for those who couldn't attend), we ate all of the beautiful and delicious cake that Dulci Kickland made for the meeting - so all I can share of that is this photo:

Member Rewards Points

Friday, April 5, 2019

Member Rewards Points Program

 

As of April 1st (no foolin'!), our new Member Rewards Points system has been activated!

We're always looking for new ways to reward our member-owners for being loyal, active members of their credit union. Now you will be able to earn prizes, waive fees, and even receive lower interest rates and higher deposit rates just for using the services you already appreciate!

Points will accumulate in your account each month and never expire. You can log in to online banking to see how many you’ve received so far and how you earned them. If you’re interested, you can also see ways that you could earn even more!

You’ll earn points for such things as:  More than 10 years of membership, a term share investment (CD),  a sub savings account, balances over $1,000, a loan, using your credit card or debit card (the more you use it the more points you get!), active online banking, enrolling in E-Statements, E-Notices, Bill pay, mobile text banking, mobile web banking, a valid email address, automatic payroll or ACH deposits of at least $1,000, and payments made by AFT or ACH. You will lose points if you have a negative balance, a delinquent loan of 30 days or more, or a wrong address.

 

Here’s a list of our current Rewards Points Prizes:

 

Prizes

Points Needed

Postage Stamp

50

Cinnamon Mints

115

Four Counter Checks

200

Notebook

225

Money Order

300

Potholder

400

12 oz Travel Tumbler

450

Travel Blanket

600

Insulated Tote Bag

600

Long-sleeve T-Shirt

1000

Free Card Replacement

1000

Waive late loan payment fee

1000

Bluetooth Speaker

1500

Free Box of Checks

1800

8000 mAh Power Bank

2400

Waive Wire Transfer Fee

2500

Waive Stop Pay Fee

2500

Waive NSF/Non-return Fee

2500

0.25% Off Loan Rate

5000

0.25% Above CD Rate

5000

0.375% Off Loan Rate

7500

0.375$ Above CD Rate

7500

0.50% Off Loan Rate

10000

0.50% Above CD Rate

10000

0.75% Off Loan Rate

15000

0.75% Above CD Rate

15000

1.00% Off Loan Rate

25000

1.00% Above CD Rate

25000

 

*Please be advised that prizes are subject to availability and that we reserve the right to change this list without notice.

 

 

SDRA Scholarship opportunity!

Monday, February 11, 2019

As a member of the South Dakota Retailers Association, we recently received notice that the SDRA Scholarship Program is planning to award thousands of dollars to support the education of those who intend to pursue retail-related careers. "Retail-related" is quite broadly defined with future pharmacists, HVAC professionals, culinary artists, and auto repair technicians all qualified to apply!

Applications and eligibility information are available at www.sdra.org.

Next Page >

Visit Sallie Mae's website to learn more about financing your education.

Drive-up Hours

Mon - Thurs: 8 a.m. to 5 p.m.
Fri: 8 a.m. to 5:30 p.m.
Sat: 9 a.m. to 12 noon

Lobby Hours

Mon - Fri: 9 a.m. to 5 p.m.
Sat: 9 a.m. to 12 noon

105 East Cherry Street
Vermillion, SD 57069

Tel: (605) 677-5214
Fax: (605) 677-5449

This Credit Union is federally insured by the National Credit Union Administration. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. © Copyright 2020
Vermillion Federal Credit Union

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