What do I need to know about paying companies and people using Bill Pay?
You can use Payment Center to pay any company or person with a U.S. address. Payment Center offers the flexibility and convenience of sending money from one place.
You can use Payment Center to pay any company or person with a U.S. address. Payment Center offers the flexibility and convenience of sending money from one place.
We send payments electronically whenever possible. We send electronic payments to thousands of companies across the U.S. every day.
Log on to digital banking on the CUofCO site. Please note that you will need to be using either the Full View or the Slim View in CUofCO Digital Banking, since the Compact View hides many details including the PeakPoints navigation options.
If you would like to redeem your points for cash back to your own account all you need to do is click on the "Cash Back" button within PeakPoints.
Phil Smith has been promoted from chief operating officer to president of Credit Union of Colorado.
Smith had been COO at the credit union since 2010.
“Phil has served as an invaluable member of the Credit Union of Colorado team for more than a decade. It is my honor to congratulate him as he moves into the position of president,” said Terry Leis, Credit Union of Colorado’s CEO, last week. “Phil has been extremely impactful during his tenure and has developed relationships across all branches and departments. His leadership is steadfast, and he’s committed to the credit union’s ‘here to help’ mission. This promotion comes as the credit union prepares for continued growth and expansion."
Prior to joining Credit Union of Colorado, Smith was vice president of Public Service Credit Union. He serves as volunteer board president for the Community College of Aurora Foundation, and also has given his time as a CU Student Choice board member and an inaugural member of Filene’s innovative leadership program.
“I’m proud to have the opportunity to continue and foster Credit Union of Colorado’s legacy in my role as president,” Smith said. “Every day, our team endeavors to actively support our members and the communities we serve. I’m dedicated to the implementation of strategic, financially prudent, and innovative solutions — providing the best staff and member experiences while positioning the credit union for continued growth and expansion.”
As a new member of the Credit Union of Colorado, you have received or will receive a 1099-INT tax document from us in the mail, which shows the interest you have earned in the past year plus $15.
When you joined the credit union, we deposited $5 into a membership account and donated $10 to the Credit Union of Colorado Foundation on your behalf. Officially, this resulted in a total of $15 of reportable income. According to IRS regulations, we must include this amount in the “interest earned” box of the 1099-INT form.*
The $10 contribution to the Credit Union of Colorado Foundation is an eligible charitable donation you may be able to deduct from your 2022 income taxes. Please consult with an appropriate tax professional.**
*Full IRS requirements can be found here: https://www.irs.gov/instructions/i1099int
**CUofCO does not provide tax, legal, or investment advice. This message does not represent tax, or legal advice, and you should always consult your tax or legal advisor with questions regarding tax issues.
Confirming the accurate amount of insurance you have within multiple accounts can be a bit confusing, so the National Credit Union Administration's (NCUA) Share Insurance Estimator lets consumers, credit unions, and their members know how its share insurance rules apply to member share accounts—what's insured and what portion (if any) exceeds coverage limits. You can even print out the report and keep it for your records. You can access it here: https://mycreditunion.gov/insurance-estimator
Unlike some other cards issued by Visa, our advanced technology has rendered the need for a signature obsolete. Therefore, please refrain from signing your card.
Bank jugging refers to a criminal act wherein perpetrators observe individuals withdrawing money from their bank or credit union and subsequently follow them to steal the cash. The term "jugging" originates from the notion of a jug, typically used to carry large amounts of money. This is a crime that is on the rise this summer across the country.
While jugging can occur in various scenarios, such as ATM withdrawals or cash transactions, credit union members should remain vigilant to mitigate the risk of becoming a victim.
Safety Measures to Avoid Jugging:
While jugging poses a threat to individuals conducting financial transactions, adhering to these safety measures can significantly reduce the risk of falling victim to this crime. By maintaining awareness, adopting precautionary habits, and leveraging the security resources available to you, you can enhance your safety as a credit union member and protect your hard-earned money.