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Trick-or-Treat Trail

 Join us for this FREE community event.


Holiday Office Closing

 

Our offices will be closed Thursday, November 23rd for the Thanksgiving Day holiday.


Gas Station Holds on Your Cards Explained

 Your car is running low on gas. You pull into the gas station to fill it up. It’s a Wednesday night, and you only have $50 left in your checking account, but Friday is payday, and $20 worth of gas should get you by until then. You swipe your card at the pump, fill up with $20worth of gas, and head out. No problem.

 It’s Thursday, and you pull up your account online or via the Mid Carolina CU mobile app to check your account and make sure you’re still doing alright. You’re expecting to see $30 since gas was your only purchase yesterday. Instead of $30, your checking account shows $100. You know you haven’t been paid yet, so how does your checking account have $100 and why is your savings account now $70 less than before?  Then you notice the automatic transfer of $70 from your savings account to your checking account. What?! But you don’t remember making a request for a transfer, and after all, it was only $20 worth of gas! What in the world is going on?

This is a common event that happens when consumers pay for gas at the pump with a debit card. In the scenario above, logic dictates that if you have a balance of $50 in your account and pump $20 of unleaded gasoline your account will have a balance of $30.  The reason logic does not work in this case is because most gas providing retail establishments before permitting you to pump gas, transmit an excessively large transaction (ranging from $50 to $100) against your account.  This transaction places a hold on the monies in your account until the merchant gets around to sending the actual amount of your purchase.  Typically, the timing between the temporary hold transaction and the actual transaction is a few minutes thus you may not be exposed to odd transfers from savings or expensive overdraft charges.

The point is, the stickers you see pasted to gas pumps stating your financial institution is placing a hold on your account are misleading.  Your credit union places a hold on your account only AFTER a merchant submits a transaction request for a specific amount. I have seen merchants place holds as small as $1 to as much as $150.  The merchant controls the removal of the hold as they are the only entity capable of submitting the correct purchase amount and authorizing the removal of the hold.    

So how can you avoid the pay at the pump blues?  First, keep up with your account and strive to save money so the gas pump holds do not cause future problems in your account.  Second, you can pre-pay inside with cash.  Third, pre-pay inside a set amount with your debit card.  A hold will not be needed as the amount will be known.  Finally, use a credit card at the pump.  While going inside to pay can help you avoid the gas pump hold and “skimmers” (check out our website and link below for guidance on skimmers) you lose the convenience factor.  Paying with a credit card may cost a little more as more merchants are charging a differential between Cash/Debit payments and Credit Card payments.  Overall, we stress the importance of keeping up with your account. You can stay up-to-date with transactions online, with our mobile app or our fraud protection app CardValet.  Regardless your transaction method, please remember – though we have zero control over any holds for funds verification placed by a merchant, Mid Carolina Credit Union is  more than willing to help you through the process!

Thank you, and take care!

Scott Conley, CEO
 
Mid Carolina Credit Union
Your trusted partner for over 56 years!


Consumer update: Equifax Data Breach

 On September 7, Equifax, one of the nation’s three major credit-reporting agencies, announced they had a data breach that affected as many as 143 million Americans. Data stolen in this breach includes names, Social Security numbers, birth dates, addresses and in some cases, driver’s license numbers. Click here to be taken to Equifax; there you can check to see if you are impacted by this breach, sign up for one year of free credit monitoring, read FAQ’s and get updated information. You may also call Equifax’s dedicated call center at 866.447.7559 for assistance. Their call center is available every day (including weekends) from 7:00 a.m-1:00 a.m. Eastern Time.

 

Mid Carolina CU takes our members’ identity very seriously and encourages its members to review their transactions, bank accounts and credit reports on a regular basis to help protect against identity thieves.  You may review your credit report for FREE once per year at annualcreditreport.com. We also strongly encourage our members to take advantage of a FREE app service we offer, CardValet. With this app, members can help deter fraud by setting alerts, various parameters, turning their cards on and off and much more! To learn more about CardValet, click here

As always, we thank you for your trust and for being a Mid Carolina Credit Union member.


VISA Balance Transfer Promotion Going On NOW!

 

**Valid for balance transfers from other credit cards between 9/1/17 and 11/30/17. No balance transfer fee. 2.99% APR applies from date of transfer for twelve consective months. Thereafter, the then prevailing APR determined at the account opening will be applied to the outstanding balance. Rates range from 9.90% to 11.90% APR. Available APR based on credit score. Offer applies to new and existing VISA accounts. Some restrictions apply. Ask for complete details. Offer ends 11/30/17.

 


Discount Ticket Programs Riverbanks Zoo, Carowinds & SC State Museum

RIVERBANKS ZOO DISCOUNT TICKET PROGRAM

MCCU members can now buy Riverbanks Zoo tickets at a discounted price for just being a ZOO-per member of Mid Carolina Credit Union.

Through a partnership with Riverbanks Zoo & Gardens, members are able to buy tickets at a discounted rate using an exclusive promotion code online. Please note, the discount only applies to online ticket purchases and tickets must be printed prior to your arrival.  The discounted rate is $12.50 per adult (13 years old & up) and $10.50 per child (2 – 12 years old). To purchase and print your tickets, visit www.riverbanks.org, click on the eticket store and enter our exclusive code, midcarolinacu.

 

SOUTH CAROLINA STATE MUSEUM DISCOUNT TICKET PROGRAM

MCCU members can now buy SC State Museum tickets at a discounted price for just being a member of Mid Carolina Credit Union.

Through a partnership with the SC State Museum, members are able to buy tickets at a discounted rate using an exclusive promotion code online. Please note, the discount only applies to online ticket purchases and tickets must be printed prior to your arrival.  The discounted rate is $2.00 off your ticket purchase. To purchase and print your tickets, visit www.scmuseum.org and enter our exclusive code, 6014.

 

CAROWINDS DISCOUNT TICKET PROGRAM

 With our Online Any Day Ticket program with Carowinds, you receive Good-Any-Day discount ticket prices just for being a member of Mid Carolina Credit Union!

We provide you with a customized login and password, found below, that instantly gives you the discount ticket price, once you make your selections, payments are made directly to Carowinds online via credit/debit card and tickets are printed instantly at home! IT'S THAT SIMPLE!

Discount Ticket Prices:

  • 2017 Early Saver Ticket valid thru 6/18/17 - $39 (ticket must be used by 6/18/17)
  • 2017 Single Day Admission - $42
  • 2-Day Admission - $59

To purchase your Carowinds tickets, click here!

*Please note - this is an online discount program, we do not have tickets for sale within our branches.




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Latest News & Events
Trick-or-Treat Trail
Join us for this FREE community event. ...(more)

Holiday Office Closing
Our offices will be closed Thursday, November 23rd for the Thanksgiving Day h ...(more)

Gas Station Holds on Your Cards Explained
Your car is running low on gas. You pull into the gas station to fill it up. I ...(more)

Consumer update: Equifax Data Breach
On September 7, Equifax, one of the nations three major credit-reporting agenc ...(more)

VISA Balance Transfer Promotion Going On NOW!
**Valid for balance transfers from other credit cards between 9/1/17 and 11/3 ...(more)

Discount Ticket Programs Riverbanks Zoo, Carowinds & SC State Museum
RIVERBANKS ZOO DISCOUNT TICKET PROGRAM MCCU members can now buy Riverbanks Z ...(more)


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719 Highway 1 South, Lugoff, SC 29078
803-432-8521 or 1-800-433-5226