Irvin Works Federal Credit Union

Welcome to the

Website!!

We are really excited to bring our Credit Union into the privacy of your own home!

**Updated October 10, 2008**

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CREDIT UNION FEDERAL INSURANCE COVERAGE

TO RISE TO $250,000 UNDER NEW FINANCIAL RESCUE LEGISLATION

WASHINGTON (Oct. 1, 2008) – New legislation to be considered by the U.S. Senate tonight (and later by the House) will increase the level of federal insurance for credit union savings to $250,000.

The same legislation will do the same for savings in banks insured by the Federal Deposit Insurance Corporation (FDIC).

“Federally insured savings at credit unions will have the same level of coverage as savings in federally insured banks once this legislation is passed by the Congress,” said Daniel A. Mica, president and CEO of the Credit Union National Association, the trade association for credit unions.

“News stories about the increase in federal insurance need to reflect the fact that credit unions are included in the legislation – 90 million credit union members across the nation need to know about this development,” he said.

The legislation (the “Emergency Economic Stabilization Act of 2008”) would increase federal savings insurance coverage from $100,000 to $250,000. The increase would be temporary, taking effect from the date of enactment of the legislation until Dec. 31, 2009.

For more information, see www.cuna.org. For more information about credit union federal insurance coverage, see www.ncua.gov or www.creditunion.coop.

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Dear members,

In these challenging days for the national economy, we can relieve you of one potential concern, and that is the safety of Irvin Works Federal Credit Union and the money in your accounts here.

First, your accounts are backed by the National Credit Union Share Insurance Fund (NCUSIF), a fund maintained by the U.S. Treasury and administered by the National Credit Union Administration (NCUA). Federal insurance protects your money in share savings, share draft/checking, money market, share certificate, trust, and retirement accounts.

NCUA coverage is to credit unions as FDIC, or Federal Deposit Insurance Corporation, coverage is to banks. Both funds are backed by the full faith and credit of the U.S. government.

And now, passage of the Emergency Economic Stabilization Act of 2008 increases NCUA coverage from $100,000 to $250,000. The increase is temporary, taking effect from October 3, 2008 until December 31, 2009. Funds may be insured for even more than $250,000, depending on how you establish your accounts.

Second, Irvin Works Federal Credit Union operates with a safety net of capital that helps us weather temporary setbacks. And, we maintain an "allowance for loan losses." This additional cushion anticipates losses when some members fail to repay loans.

Third, Irvin Works Federal Credit Union is examined regularly by the NCUA to make sure we are engaging in safe and sound operations.

We at Irvin Works Federal Credit Union can assure you that your money is safe.

If you have any question or concerns regarding your accounts, please do not hesitate to call the office.

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INTERNATIONAL CREDIT UNION DAY

Thank You For Joining Us!!!!!!

October 16th, 2008

We want to take this opportunity to thank you for being an

important part of Irvin Works Federal Credit Union.

Its members like you who help to make up this truly special organization – not share holders or other motives.

Our ticket winneres are as follows:

Steeler Basket Gary Tompkins

Trick or Treat Basket Aaron Moore

Steeler Chair Mark Uhrinak

Black & Gold Umbrellas Larry Zupanc

Steeler Windbreaker Ollie Randolph

Fleece Pull-over Judy Williams

Fleece Pull-over Darlene Coddington

Cashews Harry Ferguson

$25 visa gift card Rob Cesario

$25 visa gift card Roy Shaw

$25 visa gift card Troy Stephenson

$25 vis gift card Terry Mauger

Steeler Bag Denise Jenkins

Fall Craft Jack Stack

Fall Craft Roseann Hostovich

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Who Needs Gap Protection?

If you’re “upside down” on your auto loan--your car is worth less than what you still owe on it--and your car is totaled or stolen, you may have to continue making loan payments on a vehicle you no longer can drive.

There’s a special type of protection, called gap (guaranteed asset protection) coverage, designed to cover situations like this.

Except in a few states, gap protection is not, technically, insurance, though it’s commonly referred to as such. It’s actually a debt cancellation agreement. It waives the section of your financing agreement that holds you responsible for the difference between the value of your totaled car and your remaining loan balance. Regardless of what it’s called, this coverage satisfies your liability to pay the gap.

As more buyers put little or no money down, roll an unpaid balance on their old car loan into the new loan, or take out an extended-term loan of 60 months or longer, the need for gap coverage is increasing.

Shop around for gap coverage. Compare credit union rates with other offers. Dealerships rarely offer the best price, and although the Internet makes shopping easy and convenient, thoroughly research the company behind the offer before you send money or provide information such as your credit card, driver’s license, or Social Security number. If you purchase coverage from your auto insurance carrier, it’s your responsibility to calculate when you’re out of the hole--when you’ve closed the gap by paying down your loan. If you forget to contact your agent to remove the extra coverage, you’ll pay for protection you no longer need.

If you think you need gap coverage, call us today at [412-469-0410].

Copyright 2005 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

Editor’s note: A feature-length version of this article appears by February 2005 in Home & Family Finance Resource Center, the online content source for credit unions. Use this excerpt to send members to your Web site to read that article. For information, or to order, see http://buy.cuna.org/static/hffrc.html, or call 800-348-3646.

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Online Banking

If you haven't signed up for Online Banking, take this opportunity to click the Online Banking tab to the left and get signed up.

It's easy to do and you can access your account whenever it is convenient for you.

You can check your balances, make a transfer or loan payment and even see a copy of a check that has cleared your account.

Once you are on the Online Banking page click on "Getting Started" for log in instructions.

If you have any problems, please call the credit union.

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MOTORCYCLE SPECIAL

Motorcycle rates have dropped to

6.99 %

for new and used. Also, 100% financing for up to 5 years.

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NEWSLETTER UPDATED

FOR

October 2008

Click here!

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**Christmas Loan Special**

$2000.00 for up to 2 years

at 6.99%

HURRY IN AND APPLY TODAY ! ! ! !

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VISA GIFT CARDS

Need the perfect gift?

Save time - no shopping, packaging or mailing

Visa Gift Cards can be used anywhere Visa/debit cards are

accepted and are more flexible than merchant gift cards.

The Irvin Works F.C.U has it. Visa gift cards are great

gifts for graduations, weddings and birthdays.

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-->CONGRATULATIONS<--

-->YOUTH WEEK TICKET WINNERS<--

August 4th - August 8th

We would like to congratulate our Youth Week Winners: Nikoli Ostovich, Aubrey Close, Kaiya Danovosky, Ben Mollard, Brittney Bevan, Evan Hrehor, Timmy Race, and Scott Osada.

Youth Week was held the week of August 4^th – 8^th. There were four $25.00 cash prizes and four $15.00 cash prizes given to our winners. Gift bags with t-shirts and other goodies were given out when a deposit was made. We would also like to thank all our youth who participated this year in being a big saver and hope to see more of you through out the year.

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66TH ANNUAL MEETING

We would like to thank all of our members who joined us for our 66th Annual Meeting and Dinner on May 17th. Everyone had a wonderful time and really enjoyed themselves at Sylvester & Tweety's Restaurant. We decided to have our annual meeting there again next year. So mark your calendars for May 23, 2009 and join us again. If you have any suggestions for our annual meeting, please let the credit union staff know.

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***Car Loans***

NEW CAR RATE 5.25%

USED CAR RATE 6.25%

effective April 1, 2008

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Thank You!

Come Back Soon!