News & Updates
Celebrating Black History Month: Honoring Past and Present Financial Leaders
To celebrate Black History Month, we’re reflecting on trailblazers of the financial industry, both past and present. Join us as we unpack incredible stories of people of color who harnessed the power of determination to change the course of history. Maggie Lena Walker “There is no such thing as standing still: you must go up […]
Read More....Presenting new IDCheck by Co-op for Shared Branching
This new IDCheck product enables Participating Credit Unions to more effectively validate the identity of guest members during Shared Branching transactions while minimizing the risk of potential fraud. Effective May 1, 2025, Shared Branching users will be required to preload their state-issued driver’s ID into this application before visiting a Participating Shared Branch location. If […]
Read More....A Letter From Our Committee Chairmen
As we swiftly approach the new year with excitement and anticipation, it brings me great joy to share and reflect on the success of 1166 Federal Credit Union with our valued members. At 1166 FCU’s Annual Members Meeting on November 21st, 2024, our board of directors shared key insights with our community about the Credit […]
Read More....Supervisory Commitee’s Bi-Annual Review and Year-End 2024 Statement Approaches
To help detect errors or fraud, 1166 Federal Credit Union’s Supervisory Committee must independently verify or cause the verification of the Credit Union’s member accounts once every two years. The audit will commence this year during the December 2024 year-end statement mailing. If you have any issues or concerns about the accuracy of your 2024 […]
Read More....Immediate Attention Required For All Business Account Holders!
Tick tock! The beneficial ownership clock is ticking for 1166 FCU business account holders. New law, effective January 1, 2024, requires all business account holders to provide a copy of their Beneficial Ownership Information documents for the Credit Union’s files. All existing business account holders must register by January 1, 2025. The fine is $500 per day, […]
Read More....1166 FCU’s Annual Members Meeting
On November 21, 2024, 1166 FCU will hold its Annual Members Meeting over Zoom at 4:30 p.m. This virtual meeting provides a valuable opportunity to connect with the board of directors and fellow members, discuss the credit union’s direction for 2025, and share ideas. 1166 FCU is committed to transparency and member involvement. When members […]
Read More....1166 Federal Credit Union Seeks Food Drive Donations for CU Kind Day
1166 Federal Credit Union (1166 FCU) is proud to participate in CU Kind Day 2024, observed Monday, October 14. CU Kind Day is a collaborative effort designed for credit union employees, members, partners, and volunteers to spread kindness through various community projects. To address the growing hunger crisis in its communities, 1166 FCU will participate […]
Read More....1166 FCU Makes Strides To Combat Language Barriers in Banking
The Federal Deposit Insurance Corporation’s National Survey of Unbanked and Underbanked Households finds that 15 percent of U.S. Hispanic households are unbanked. With 49 percent of this population citing a lack of English proficiency as the main reason for not having a bank account, financial institutions like 1166 Federal Credit Union are taking steps to […]
Read More....Celebrate International Youth Day With Financial Literacy Resources
August 12th, International Youth Day, illuminates pressing issues for rising generations, celebrating the positive contributions of young people while empowering them through community resources and opportunities for growth. Our members are the heart and soul of our credit union. To invest in their well-being and the prosperity of their loved ones, we’re honoring the day […]
Read More....National Financial Freedom Day
Most people site Independence Day when asked about the July holidays, but what about July 1st, also known as National Financial Freedom Day? This overshadowed and less-known designated day focuses on evaluating, motivating, and continuing positive financial habits, a need for most income-generating individuals. As you prepare to celebrate the freedoms we enjoy in our […]
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