Acclaim FCU is proud to to announce that our very own CEO/President, Valerie Marsh, was awarded the Lifetime Achievement Award at the Carolinas Credit Union Foundation Awards Gala last month.
Valerie started her credit union career at American Partners Federal Credit Union in 1980, as one of two employees. She has never shied away from a challenge. She fondly tells the story of how “she fell in love with the credit union movement, immediately”. During her tenure at American Partners she held various titles, Assistant Manager, Operation Manager and Director of Finance to name a few. Valerie spent her days and some nights working hard for the members and she thrived in the areas of operations and accounting.
In 2002, Valerie moved into her new role at Acclaim FCU, as the VP of Accounting. Very quickly management realized that Valerie had a niche for stream-lining processes and increasing efficiencies. She
led the accounting department and assisted in operations. Valerie can bring out the best in her employees, this is an attribute that has served her well in her career. When the opportunity presented itself in 2007, Valerie was appointed as President/CEO of Acclaim Federal Credit Union.
Under Valerie’s leadership, Acclaim Federal Credit Union has grown in assets from 23 million to 60 million in 2022. Valerie is a pioneer of innovation and technology. She’s always made sure that, even though we are a small credit union, our members had the newest advancements.
During her career, Valerie has trained, equipped, and inspired numerous credit union employees to value the credit union movement and to never forget the member comes first, always. She has empowered her staff by sharing her credit union knowledge and always promoting our mission, vision, and values. Valerie is more than a President/CEO, she is our mentor, our teacher, and our inspiration to help our members. We congratulate her work for achieving this prestigious award!
Introducing Acclaim FCU’s all new vertically redesigned Contactless Debit Card! A card designed for the way they are used. Contactless payments are an alternative to swiping or inserting a chip into a card terminal. It is a no touch form of payment using a debit, credit, or gift card on a point-of-sale system. They use technologies called radio frequency identification (RFID) and near-field communication (NFC) to process transactions.
Contactless cards are often called “tap and go” or “tap to pay”, although no tapping is actually needed. These cards have a small embedded chip that is different from the “insert” chip which emits electromagnetic waves that transmit payment information. To make a contactless payment, the merchant must have a contactless-enabled terminal. You will see the contactless indicator symbol on your card which looks similar to the wifi signal on its side. The same symbol will appear on the point-of-sale terminal indicating that it accepts contactless payments. To make the payment, simply hold your card over the terminal for a second or two. The terminal will usually beep indicating the payment has been made.
Contactless cards have many benefits. It is a more secure way to do a transaction since your information is encrypted with a one-time code. They are up to ten times faster than other methods such as inserting your card. It reduces contact with surfaces which has been a concern of the general public since the onset of Covid-19. And, there is less wear and tear on your card, particularly your chip and magnetic strip since you don’t have to insert or swipe as much. We hope you are as excited about this fast, easy, and secure contactless cards as we are!
Acclaim FCU works everyday to ensure our members have the highest quality financial products. In an effort to enhance our credit card product, we are changing our credit card processor to bring our credit cards “in-house.” Our debit and credit cards will now be under the same card processor. This change will occur on Monday, April 24, 2023.
With this change, you will now be able to view your transactions in your Acclaim FCU Online Banking. You will no longer need to access the details through EZ Card Info. Payments will post in real-time” and you will not have to wait a day to see or use your updated available credit.
Acclaim FCU Credit Cardholders will be receiving a newly designed credit card in the mail. If you have co-signers or authorized users, each person will receive a new card with their own unique card number as a security feature. Your credit card statements will be combined with your regular Acclaim account statements. Please note that your Credit Card Statement eDocument preferences will convert to what you you have chosen for your regular Acclaim account statement.
The new payment address will be:
PO Box 29527
Greensboro, NC 27429
For more important changes and frequently asked questions, please visit https://www.acclaimfcu.org/services-tools/credit-card-changes/
Prep time: 30 min
Cook time: 1 hour 10 min
Pro Tip: Top with fresh spinach, tomatoes, or bacon.
If you’re planning to buy a home this year, you likely know you won’t be dealing with typical circumstances. The real estate market has been completely upended by the pandemic along with its ensuing financial fallout, and it has yet to recover. While the extreme market conditions that characterized the last two years are beginning to settle down, the market is still far from stable.
Here’s what to expect when buying a home this year, and how to make the most out of the current market conditions.
Flattening home prices
Home prices shot up by 18.2% year-over-year in 2021, and then a generous 9.6% in 2022. The National Association of Realtors (NAR) predicts median existing home prices will inch up just 0.3%, and new homes will rise by 1.3% in 2023. This is fabulous news for buyers who were looking at inflated prices on homes these last two years.
Stabilizing mortgage rates
Mortgage rates more than doubled in 2022, from approximately 3% to more than 6%, further driving up the price of buying and owning a home. In contrast, the 30-year fixed mortgage is expected to average between 5.2% and 6.8% in 2023, according to recent predictions by
Fannie Mae, Freddie Mac, the Mortgage Bankers Association and the NAR. While the Federal Reserve still plans to raise rates, it’s slowed its pace, with the most recent increase in December being just 0.50%, as opposed to previous 0.75% hikes. Lenders will likely slow down their interest rate increases as well.
More negotiating room for buyers
In recent years, the home-buying process was characterized by
fierce bidding wars, which left little to no room for buyers to negotiate. That’s about to change. With the supply of available
houses on the market creeping closer to matching the demand, buyers will have more negotiating power and will be able to stand firm on their personal preferences, like home inspections and a lower price.
Tips for buying a house in 2023
If you plan to buy a new house this year, here’s how to prepare for and ensure a smooth and successful process.
If you plan to buy a home in 2023, you’ll be dealing with a market that’s slowly settling down, but is still far from stable. Use this guide to learn what kind of market conditions you’ll be facing and how to prepare for the process.
Address: P.O. Box 29527
Greensboro, NC 27429
Lost/Stolen Credit Card: 800.325.3678
Lost/Stolen Debit Card: 888.241.2510
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