Credit Union Questions
What is a Credit Union?
A Credit Union is a member owned non-profit financial cooperative. The first credit union was formed in 1850 in Germany. In this first Credit Union members deposited their savings with the credit society to provide working capital with dividends paid on these “share” accounts. Loans were extended for “productive purposes” based on the character of the borrower. The concept of Credit unions quickly spread throughout Europe, then to North America in 1900.
What is the biggest difference between a Bank and a Credit Union?
Not for Profit, Not for Charity, But for Service – It’s true, credit unions are financial institutions like banks, and savings and loans, but they operate much differently. Credit unions are financial cooperatives, owned by the people who use the credit union. Since the focus is on service (not profit), members benefit with lower rates on loans, higher rates on savings, and often pay fewer fees and service charges on the same services offered by other financial institutions.
What is the Credit Union philosophy?
“People helping People” – Is more than just a slogan—it’s the way credit unions operate each and every day. Around the world, and here at home, credit unions focus on improving the quality of life for their members, their families, and the community.
How was Greater Alliance founded?
Greater Alliance is a forward-thinking and growing credit union built upon more than 75 years of commitment to members, community and service. Greater Alliance was founded in 1937 when five dedicated educators, chartered, what was then known as Central Bergen Teacher’s Federal Credit Union. The organization began to expand its field of membership in the mid-1980s under the sanction of the NCUA (National Credit Union Administration) to include a diverse mix of employee groups and associations – and became known as Central Bergen Federal Credit Union.
From that humble beginning in 1937, established primarily for the purpose of serving teachers and their immediate families, we expanded our field of membership in January of 2005 and changed our name to Greater Alliance Federal Credit Union. Today, Greater Alliance has grown into a premier community credit union in NJ, owned by its 19,000 members and is fully committed to the financial well-being of the families, businesses and communities where we serve.
Who owns the Credit Union?
As a credit union member, you own your credit union. You are entitled to elect, and be elected to, the volunteer Board of Directors, which is composed of your fellow members. The Board of Directors set policies for the operation of the credit union based on the needs and wishes of the members. The Board of Directors also establishes dividend rates, loan interest rates, and fees.
Who is eligible for membership with Greater Alliance Credit Union?
Anyone who works, resides, worships, attends schools or volunteer in the counties of Bergen or Passaic. Also, relatives of current members may join Greater Alliance. Those eligible for family membership includes spouses, children, siblings, parents, grandparents, and grandchildren of current members.
How can I become a member of Greater Alliance Credit Union?
To become a member of Greater Alliance Credit Union, you need to open a share “savings” account with a minimum deposit of $25.00. Once you are a member you are eligible for all of the Credit Unions services, from savings products to our loan products.
General Account Questions
What are the benefits of Direct Deposit?
Benefits to members who establish Direct Deposit (full net pay) include; Free ATM card use, a .25% discount on future consumer loans (excluding loans for real estate and lines of credit).
What information does my payroll department need to set up Direct Deposit into my account?
They need our ABA Number and your account number. Our ABA # is 221275876 If you wish to have your funds deposited into your checking or your savings account, use the ten digit number on the bottom of your checks. If you wish to have the deposit go into your savings account use your account number located in the top right hand corner of your statements.
What information do I need to have money wired into my account?
In order to wire money from another institution to your account with Greater Alliance, use these wiring instructions: Wire to: Alloya Corporate Federal Credit Union 1021 Watervliet Shaker Road, Albany, NY 12205, ABA # 221-381-715. Further Credit: Greater Alliance FCU, ABA # 221-275-876. Final Credit: Your name and account number.
What should I do if I detect fraud on my account?
Contact a Member Service Representative immediately by calling 1-888-554-2328 or 201-599-5500 or visit a Greater Alliance Credit Union branch.
Are my deposit accounts insured?
Funds on deposit are federally insured for up to $250,000 per member by the National Credit Union Administration (NCUA); an agency equivalent to the banking industry’s FDIC.
How are accounts insured through NCUA?
- Properly established share accounts in federally insured credit unions are insured up to $250,000.
- Generally, if a member has more than one account in the same credit union, all funds are added together and insured up to $250,000.
- A member can have additional coverage on multiple accounts, but only if the accounts have different ownership interests or rights in different types of accounts.
- Additional coverage is available on revocable trust or payable on death accounts.
- On joint accounts, the co-owner’s interest in all joint accounts in the same credit union will be added together and insured up to $250,000.
- Traditional and Roth IRAs are insured separately to $250,000 from other accounts that the member maintains in the same credit union.
- However, both Traditional and Roth IRAs are added together and insured up to $250,000.
- For revocable trust accounts, a member can have coverage up to the SMSIA for each account that has a different beneficiary named to receive the funds.
If I wish to set up automatic withdrawals (payments) from my account, what should I tell the company?
You can use your debit card, or our online Bill Payment service. To set up automatic payments from your account, companies may ask you for your account number and the credit union’s routing number. The routing number for Greater Alliance is 221275876. When debiting from your checking account you can find your ten digit account number at the bottom of your checks. If you wish to have it withdrawn from savings your account number is located in your statements.
I need to send a check for deposit. Which address should I use?
You should send your deposits and all other mail to: 40 W. Century Road, Paramus, NJ 07652
Does Greater Alliance offer business accounts?
Yes, we do offer high rate deposit accounts such as Savings and Checking and we also offer products such as Commercial Real Estate, Lines of Credit and Business Auto.
Hours and/or support Questions
When I have a problem I can call the Service Center, but what are the Service Center’s hours? Are they open on holidays?
The Service Center is open Monday through Wednesday from, 9:00AM to 5:00PM, Thursday and Friday from, 9:00AM to 6:00PM and Saturday from, 9:00AM to 1:00 PM. Closed during the legal holidays.
If I can’t come in or call how could I contact my Credit Union for help on-line?
At present we do not have a Web Chat service but are looking into implementing it in the future. You can always email us at gro.ecnaillaretaerg.wwwnull@ofni and we will get back to you within 24 hours.
I need to put a stop payment on a check and I can’t come in to a branch today what should I do?
Call our Call Center to stop payment on a check at 1-888-554-2328 ext. 280 or stop by one of our branches.
I need to make a deposit and the branch is closed what should I do?
If you have a VISA debit card you can make a deposit using our ATM’s that accept deposits.
When I try to view CU e-statements or Bill Pay nothing happens, it just says to remove pop-up blockers. How do I do that?
In order to receive CU e-statements or Bill Pay the pop up blocker will need to be off. Hold down the Control (Ctrl) button when you click the tab to view it in your account. Or, go to Tools at the top of the computer screen. If you have an option for pop-up blocker, you can click to turn it off. If the pop-up blocker option is not there then go to internet options and click privacy and un-select Turn on Pop-up Blocker.
How can I get a copy of a check drawn from or deposited into my account?
If you have on-line banking you can get copies of any and all checks that you write once they clear your account. If you wish to get a copy of a check you deposited, our Call Center or Member Service Department can get a copy for a $6.00 charge per check.
How much does Skip-A-Payment cost?
For loan payments $600 and below the cost is $40 for loan payments above $600.01 and above the cost will be $60. There is also a convenience fee of $1.50 to make a payment via Debit/Credit card.
How will Skip-A-Payment affect the term of my loan?
The skipped months will be added to the end of your loan, extending the term of your loan. Interest will continue to accrue during the skipped months.
Which loans are eligible for Skip-A-Pay?
The following loans are eligible for Skip-A-Pay:
- Unsecured Personal Loan
- Enterprise Auto Loan
- New & Used Auto Loan
- First Time Auto Buyer Loan – One time during the life of the loan.
- Recreational Vehicle Loan
- 5, 10, 15 and 20 Year Fixed Rate Home Equity Loan
How many times may I use Skip-A-Pay?
Members’ are allowed 4 Skips during the term of the loan and they can initiate it any time of the year according to their convenience. However a loan can only be skipped 2 times consecutively. There will be a wait time of 120 before the next Skip can be initialized. Each loan will have to be skipped one-at-a-time. For each skip you will receive a separate confirmation page and unique code and a confirmation email.
Does everyone automatically qualify for a skipped payment?
All loan and accounts must be current, in addition any share accounts cannot be in the negative over 35 days plus you will need to make 3 consecutive payments before you can qualify for a Skip.
What if I have requested to Skip a payment on a loan in which I have scheduled a payment within Online Banking?
If you use an Online Banking transfer to make the payment on a loan selected for Skip-A-Pay, please make sure to suspend the Online Banking payment transfer for the month in which the payment will be skipped.
I have an automatic payment for my loan. Will it stop to accommodate the skip payment?
If you have any automated Share Transfer, Loan Transfer or ACH Origination, it will be accommodated to make the Skip.
Why doesn’t my loan appear in the “Loans eligible to be skipped” section?
This could be because you have already reached the limit that you can skip for the term of the loan or that loan type is not eligible for a Skip. Please see above the list of loans that is eligible for a Skip. If you are still having difficulties please contact our Service Support Department at 888-554-2328 x280.
I just opened a new loan account. Can I skip a payment?
No. You have to make 3 consecutive payments before you are eligible to Skip the payment on that particular loan.
VISA Debit/Credit Questions
My debit card is lost or stolen. How do I get a new one?
You can call our Call Center at 1-888-554-2328 ext.280 to block the lost card for you over the phone. If your card is lost after hours, Sundays and Holidays please call 1-800-472-3272.
Why is my VISA Debit Card not working?
Debit Cards have daily limits. The limit is $500.00 a day using the PIN at a store or ATM machine, and $2,500.00 a day using the card as credit card. If you have a loan with Greater Alliance that is ten days or more past due the card will be blocked until your loan is brought current.
Why would my available cash balance be different from my balance?
When you use a debit card, the merchant sends a confirmation to the Credit Union for an authorization. When the approval is given, the balance in your checking account is reduced or “blocked” by the amount of the purchase. This is known as a pre-authorization hold. The merchant determines the amount of the hold. Greater Alliance CU establishes the length of time the hold remains in place. Typically the hold stays on your account until the funds are transferred to the merchant, or 24 hours.
There’s a charge on my account from my VISA card that I don’t recognize! What should I do?
Some companies use different names, so always try to contact the company first (VISA requires this) to try to get your money back. The next step is to complete a debit/card dispute form and return it to a credit union representative. When we receive your written dispute, we work with VISA to get your refund processed.
I forgot my pin number. What do I do?
We can order you a copy of your current PIN to be sent to your address. This can be done in person or by phone. If you would like to pick your own PIN, that can be done in your local branch.
Why won’t my VISA credit card and/or Debit card work for transactions outside the U.S.?
Overseas fraud is on the rise. You can use your card internationally by notifying the call center at 1-888-554-2328 ext. 280. For your benefit, we recommend notifying us prior to traveling.
DEBIT CARD REWARD Questions
What is this rewards program?
This rewards program lets you earn rewards by using your GAFCU Debit Card to purchase merchandise and services. The program is available to all debit card users. Through this program, you’ll receive targeted offers to receive rewards on purchases based on how you shop. As a Cardholder, there is no limit to the rewards you can earn. So, the more you use your GAFCU debit card, the more offers you can receive and the more rewards you can earn!
What is the benefit of these offers in my online banking account?
This is a new program to help you earn even more rewards. We bring you offers from the types of retailers you shop with every day.
How do I earn rewards?
This rewards program is based on how you currently shop, so the offers you receive are relevant to you. The more you use your debit card, the more chances you have to receive offers. Using technology centralized within on, your transactions are matched with current merchant offers.
To earn rewards, click on an offer to see the details; this automatically loads the offer onto your debit card. Then shop at the specified retailer and pay using your debit card to earn the reward.
Do I need to use a coupon or code to earn rewards?
Typically, you do not need a coupon or code to redeem an offer. Each offer has different specifications regarding when and where you shop and how much you need to spend. Offers that require an online purchase are clearly specified and may include a redemption code. Please read offer details to determine how to redeem each offer.
Can I use another coupon or discount from this retailer with my offers?
Yes, if the amount paid with your debit card meets the requirements of the offer after the coupon or discount is applied.
If I have more than one account, will I see the same offers on both accounts?
Offers are matched on an account level, based on the purchases made with your debit card for that account. If you make different purchases with different accounts, you will see different offers in those accounts. You must use the debit card connected to that account to redeem the offers for that account.
Can I use any of my debit cards to earn rewards?
You have to use your debit card that is associated with the account that received the offer to earn rewards.
I see offers, but I don’t have a debit card. How do I take advantage of these offers?
Please ask us about getting a debit card associated with that account so you can start taking advantage of your offers! Give us a call at 888-554-2328 x280 or stop by any one of our branches.
Is my personal information shared with retailers?
No. Your personal information is not shared with retailers. In fact, no personal information leaves GAFCU.
Is this program free?
Yes, this program is free! There is no cost associated with this program, making it easy for you to earn rewards. This new rewards program is just another benefit of using GAFCU Debit Card.
How do I sign up?
If you have a debit card, you are automatically enrolled in this rewards program but you must be enrolled for Online Banking to redeem these rewards.
What if I do not want to receive offers?
You can opt-out by clicking on the “Stop receiving all offers” link on the rewards summary page. This link can be found in the upper right part of the rewards summary page. If you opt-out of the rewards program at this time but change your mind later, please contact our Service Support Department at 888-554-2328 x280 and we will resume providing offers to you.
Will I still earn rewards if I opt-out?
Rewards earned prior to opting out will be credited to your account.
How do I opt back in?
If you’ve opted out of the rewards program but change your mind at a later time, please contact our Service Support Department at 888-554-2328 x280 and we will resume providing offers to you.
Where do I shop/ When do I shop/ How much do I have to spend to get rewards?
Each offer is based on how you currently shop, so the offers that you receive are relevant! To redeem the offer, simply click on it to see the details; this automatically loads the offer onto your debit card. Then shop at the specified retailer and pay using your debit card to earn the reward.
Each offer has different details regarding when and where to shop and how much you need to spend. Offers that require an online purchase are clearly specified and may include a redemption code. Please read the details to determine how to redeem each offer and start earning rewards.
Do I have to shop online?
Each offer has different specifics regarding when and where to shop and how much you need to spend. Offers that must be made online are clearly specified and may include a redemption code.
Where do I go to see offers?
You can find offers on the new home page beneath transactions in the transaction history or in the “rewards” section in the upper right part of the page. Offers can also be found on the account history page or the rewards summary page. New offers will be labeled as “New Offers” until you click to activate them. Once clicked, the reward is “loaded onto” the associated debit card. All offers can be viewed by visiting the rewards summary page.
How long do I have to take advantage of an offer?
Each offer has an offer period that was set by the retailer. You must redeem offers before the expiration date. The expiration date can be found in the offer details section of the offer by clicking on the offer.
Why don’t I have any offers?
Offers are based on how you currently shop to ensure the offers you receive are relevant. If you seldom use your debit card, you may not receive any offers until you begin using your card more. The more you use your GAFCU Debit Card, the more chances you will have to receive relevant offers!
You may not be receiving any offers because you accidentally opted out of the program. If you cannot access the rewards summary page or don’t see the “rewards” section in the upper right part of the new home page, you are not enrolled in the rewards program. Please call our Service Support Department at 888-554-2328 x280 to be opted back in.
I used to see the program when I logged into online banking, but it’s not there any longer.
Offers are only presented to eligible account types. It is possible that GAFCU has restricted your accounts from this program because your account type is or no longer is eligible.
Where can I find my expired or redeemed (used) offers?
Expired offers can be accessed through a link at the bottom of the rewards summary page. The expired offers page shows your expired offers in the last 90 days and excludes any offers that you have redeemed.
When do I receive the rewards for the offers I redeem?
Your rewards will typically be deposited to your account the month after you redeem the offer. Since we do not share your personal information with retailers, we cannot credit your account immediately at the time of purchase. For example, any rewards you redeem in the month of September typically will be credited to your account at the end of October. If you would like to see the offers you have redeemed or the total value of the offers you have redeemed, please visit the rewards summary page.
How can I view all of my offers and/or how can I tell what offers I am supposed to be credited for?
To view all offers that you have redeemed, go to the rewards summary page. The rewards summary page contains all offers you have received, those you have redeemed and the specifics for each offer including the offer expiration dates.
How long do I have to take advantage of an offer?
Each offer has an offer period that was set by the retailer. You must redeem offers before the expiration date. The expiration date can be found in the offer details section of the offer by clicking on the offer.
If I return merchandise used to redeem an offer, do I keep my rewards?
Yes, you will keep any rewards earned.
Do I have to pay any taxes on the rewards I earn?
No, you do not have to pay any taxes on your rewards. These rewards are similar to other coupons, except they are redeemed more easily by using your debit card.
I haven’t been receiving any offers.
Offers are based on how you currently shop, so that the offers you receive are relevant. If don’t frequently use your debit card, you may not be receiving any offers. The more you use your GAFCU Debit Card, the more chances you will have to receive relevant offers!
I did not receive my rewards when I made my purchase.
Rewards are not received at the point of purchase because no personally identifiable information is passed to the retailers. On average, you will receive rewards for redeemed offers approximately one month after the month the redemptions were made. For example, redemptions made in September will typically be credited to your account approximately at the end of October. Check the rewards summary page on the website to ensure the purchase qualifies as redemption of the offer.
I did not receive the correct amount of rewards.
Each offer has different specifics regarding when and where to shop and how much you need to spend. Check the rewards summary page on the website to ensure the purchase qualifies as redemption of the offer.
I saw an offer earlier, but when I went to the new home page, it wasn’t there.
The offer either expired or was redeemed. Expired offers can be accessed through a link at the bottom of the rewards summary page. The expired offers page shows your expired offers in the last 90 days. Redeemed offers (for the current month and previous two months) are displayed in the “Enjoy” column of the rewards summary page.
I had an offer that expired yesterday. Can I still get it?
No, once an offer has expired there is no way to retrieve it. You can view expiration dates for all your offers on the rewards summary page.
Someone I know received an offer I want. How can I receive that offer as well?
Each offer received through the rewards program is based on how your currently shop, so the offers you receive are relevant to you. Since everyone’s transaction history is different, there is no specific way to get someone else’s offer other than to have the same transactional history as that cardholder.
DEBIT CARD ALERT Questions
How much does it cost to use this service?
If you elect to receive e-mail consumer-selected alerts, there is no cost to you. If you elect to receive SMS consumer-selected alerts, alerts will be sent to your mobile phone via text message and standard text message and data rates assessed by your mobile carrier may apply. Please check with your mobile carrier to ensure that you own an SMS capable mobile handset that is registered on a carrier network and elected for a data plan that includes use of the mobile handset’s SMS capabilities.
What if I do not have text messaging on my mobile phone?
Text messaging capabilities on your mobile phone is required to receive SMS consumer-selected alerts. If your mobile phone is able to send and receive text messages, but you do not subscribe to this service, you will need to contact your mobile phone provider to add a text messaging feature to your phone plan.
Can members sign up for the alerts through our mobile app?
The solution that is being set up is on a dedicated hosted website. You may share the url to connect and be viewed on the mobile devise web browser.
How do I register for alerts?
- Click ‘Register or Return’
- Enter the requested information
- Select any alerts you would like to receive
- Click submit
What carriers currently participate in this service?
T-Mobile, Verizon Wireless, AT&T, Sprint, Interop – Appalachian Wireless, US Cellular Corp®, Cincinnati Bell, Boost Mobile, Cricket Communications, Virgin Mobile USA, ALLTEL Communications Inc.
How long should it take to receive an alert?
Typically, responses arrive within 10 minutes for debit cards, but timing may vary. You may experience delays or failures in delivery of an alert because of any of the following circumstances: (1) merchant delay in processing a transaction; (2) delays and/or failures attributable to network operators and telecommunications providers; (3) if your mobile device is off or out of operating range of a carrier with an appropriate signal for SMS and/or data services; (4) a variety of other wireless service and coverage conditions; (5) active or passive filtering of e-mail messages; and (6) insufficient space in the email account that is to receive email messages.
I enrolled in the service on-line and never received a text message to complete my registration?
Your mobile phone may be blocked from receiving third-party text messages. Check with your carrier and ask them to remove the block from your phone.
If I am traveling outside of the U.S., can I receive text message alerts?
No. Messages can only be sent via U.S. carriers and will only be receivable in the U.S. If you live or travel outside of the U.S., you will need to specify an email address to begin receiving alerts to that email address.
Can I add multiple phone numbers?
Yes. If you are an authorized user, you can enroll as many mobile numbers and email addresses for an account as you wish. You may create a unique 10 character alphanumeric registration nickname per registration to assist you in identifying the card for which the alert is triggered.
What if my card is lost or stolen?
In most cases, your existing alert settings will be transferred to your new card number. Please review your settings online to ensure you continue receiving text messages or emails about potential fraudulent activity.
Why do I receive multiple messages with Pg1/2, Pg2/2?
Text messages are unique in that they can only hold 160 characters. Some commands require multiple messages to return all of the necessary information.
Is this service safe and secure?
Yes. Our first priority is to protect your personal information. If you ever receive a text message asking for your member number, account numbers or other personal information, please do not respond.
If my mobile phone number changes, what do I need to do?
In order to receive alerts to your new number, you will need to re-register your new mobile number by changing your phone number within your saved registration.
Can members opt out of text alerts?
Yes. The member can send a text that says STOP to 72488. The will receive an opt-out confirmation.
They may also unsubscribe to this service by deactivating their registration on the site.
Can I register for different alerts on my mobile numbers versus my email addresses?
Yes, you will need to create 2 distinct registrations one for each destination.
How do I confirm alerts I’ve registered to my mobile numbers and email addresses?
Click ‘Register or Return’. Enter the requested information. Review the alerts selected. If changes, proceed with what you’d like to change. Click ‘Submit’. If no changes, Click ‘Home’ or exit browser.
Is there a limit on the dollar amount that you can setup an alert for?
YES. The minimum dollar amount required to setup an alert is $1.00
Is there a cost to the member for receiving the alert?
For e-mail consumer-selected alerts, there is no cost. If electing to receive SMS consumer-selected alerts to the mobile phone, standard text message and data rates assessed by the mobile carrier may apply.
What number will the alert come from?
The number that the alert will be sent from is 72488.
What is an ATM surcharge fee?
Commonly referred to as a surcharge, this is the fee the owner(a non GAFCU,
CO-OP or Allpoint) of the ATM machine assesses to all “foreign” cardholders (i.e., someone that is not a cardholder of the institution owning the ATM).
What is a Foreign ATM fee?
A FEE charged by GAFCU for using ATMs that are not owned by GAFCU and doesn’t fall under COOP or Allpoint network is referred to as a foreign ATM fee.
Can I use my ATM and Debit Card and not get assessed a fee?
Yes, you can use your GAFCU ATM and DEBIT card unlimited times a month at any of the GAFCU owned machines or use them at a CO-OP or Allpoint Network and not be charged a fee.
What is Allpoint Network?
Allpoint is a network of 55,000 ATMs through which certain cardholders of member financial institutions participating in Allpoint can get surcharge-free access to their accounts. Not all accounts at Allpoint member financial institutions may participate in Allpoint. Check with your financial institution to be sure that your account participates in Allpoint.
I just receive a notice form my financial institution that I now have access to Allpoint. How do I enroll? What are the fees?
There are no fees assessed by Allpoint to the cardholders of participating financial institutions. Enrollment in Allpoint is automatic. You can start using Allpoint today, by finding a surcharge-free Allpoint ATM on our ATM locator
Where are Allpoint ATMs located?
Allpoint’s 75,000 surcharge-free ATMs are located in local, regional and national retailers across all 50 states, Puerto Rico, Canada, Mexico, Australia and the United Kingdom. This includes merchants such as CVS/pharmacy, Kroger, Target, Walgreens, Winn-Dixie and many others. Use the ATM locator to find the Allpoint ATM closest to you.
How can I be sure that the ATM I’m using is an Allpoint ATM?
Simply use our ATM locator to find Allpoint ATMs. All ATMs listed on our official Allpoint ATM locator are surcharge-free for Allpoint cardholders to use.
I used an Allpoint ATM and the surcharge message screen said I would be assessed a surcharge for the transaction I was attempting? Will I be charged? Why does this happen?
No. Due to the technical limitations of certain types of ATM machines, we are not able to prevent the “surcharge message” screen from appearing on some Allpoint ATMs. You should continue the transaction by answering “yes” on this screen. When you get your receipt, you’ll see that you were not assessed a surcharge (i.e., the withdrawal amount on your receipt will show $20, $40, $60, etc., as opposed to $21.50, $41.50, $61.50, etc. shown when you pay a surcharge).
My card is participating card from an Allpoint member financial institution, but when I used an Allpoint ATM, I was assessed a surcharge fee. How can I get a surcharge refund for these fees?
If you require a surcharge refund, please contact your card provider.
Your website listed a certain ATM as part of your network, but when I went to use the ATM, the Allpoint logo was not on the machine. Is this ATM still surcharge free?
Yes. All ATMs listed on our ATM locator are surcharge-free, even if the Allpoint logo is not on the ATM.
Are there any limitations to how many items I can use an Allpoint ATM?Participating cardholders of Allpoint member financial institutions are entitled to an unlimited number of surcharge-free transactions at Allpoint ATMs. However your card provider may have limitations in place so please check with them.
Can I still use ATMs that are not part of Allpoint?
Yes. Your ATM card will continue to work at ATMs that are not included in the Allpoint network. However, the amount, if any, surcharge fee that you will be assessed at such non-participating ATMs will be determined solely by the owner and operator of that ATM and not eligible for reimbursement by Allpoint. There will also be a Foreign ATM fees charged by the GAFCU.
Can I use an Allpoint ATM branded by another financial institution?
If your institution participates in Allpoint Network, ATMs on the Allpoint Locator are guaranteed surcharge-free regardless of location branding. The ATM should have an acceptance mark with the Allpoint logo in addition to being on the locator.
How often is ATM locator updated for Allpoint Machines?
The ATM date used in the Allpoint locator is update every two weeks to reflect any changes to our network locations.
Who is CO-OP?
CO-OP is a total of, nearly 30,000 ATM locations, more than 5,600 shared branch locations nationwide.
How can I be sure that the ATM I’m using is a COOP ATM?
Simply use our ATM locator to find COOP ATMs. All ATMs listed within the ATM locator are our official free ATMs.
How can I apply for a loan?
You can apply for a loan at www.greateralliance.org, call our loan Department at 1-888-554-2328 ext. 290, during our business hours or stop in to any of our locations.
What type of loans does Greater Alliance Credit Union offer?
Greater Alliance Credit Union is the answer to all your lending needs. We offer a wide variety of loans: mortgages, home equity lines of credit, fixed home equity loans, auto loans, boat loans, RV loans, personal loans, and debt consolidation loans.
My loan is on automatic payments and the due date is a weekend or holiday, when will it post on my account?
Automatic payments are scheduled to transfer to the loan in the evening. In the event that the payment is scheduled for the weekend or a holiday, the payment will transfer to the loan the next business day, in the evening. The delayed processing will not negatively impact your account.
My loan due date is not on the best day for me. Can I change my due date?
Greater Alliance Credit Union will allow you once within the life of the loan to permanently change the due date. ** You will need to contact one of Greater Alliance Credit Union’s loan department at 1-888-554-2328 ext. 290.
**This does exclude Real Estate Loans, Home Equity Loans, Line of Credits
My payment might be a few days late, will there be a fee?
After 10 days late on a consumer loan, the Credit Union charges $ 25 loan late charge fee.
I am having trouble this month making the payment. What should I do?
We encourage you to contact your Member Service Department immediately upon experiencing difficulty making your payments. We will work with you to find a solution.
What are some convenient ways I can make my payments?
If you sign up for on-line banking you can make transfers from deposit accounts to your loan anytime of the day. Greater Alliance FCU is also affiliated with Shared Branching, you can check on our website to find a location near you.
Electronic Services Questions
What electronic services does Greater Alliance Credit Union offer?
Greater Alliance Credit Union has many electronic services. We offer Bill Payer, Direct Deposit, Payroll Deduction, E-Statements, VISA Check Cards, Online Banking, Overdraft Protection, Teller-Phone, Wire Transfers, and our web site!
I’m trying to transfer on-line and it says I have met my limit. What is this and what does it mean?
Reg D is a federal regulation that pertains to the number of electronic withdrawals and transfers that come OUT of a non-transactional (savings) account. There is a limit of 6 per month and it is reset every month on the 1st. This does not apply to transactional accounts such as a checking account. You can come into a branch to perform the transfer, use a shared branching location, or make the transfer or withdrawal at an ATM if you have a debit card. The call center will not be able to process your transfer request by phone once the Reg D limit has been reached.
User Name and Access Code, is that the same as Log In and Password?
Yes. Your username is set up by you so you’re not entering your account number online. The Access Code is also set up by you, for your protection.
I don’t have internet access how do I make a transfer or check on my account?
Our Telephone Banking is our 24/7-telephone system that provides members with access to their accounts using a touch-tone telephone. It is user friendly and free to all members.
I can’t find my statement from last month what should I do?
With our e-Statements members can receive their statements electronically, usually just a few days after the end of the month. Members access their current or previous e-Statements securely through the internet. You can sign up for e-statements by clicking on the e-statements tab found on the home banking account profile page.
What is the cut-off time for outgoing wires?
Our cut-off time for outgoing wires is until 3:00 PM.
What is the fee for a wire transfer?
There is no fee for incoming wires. The fees for outgoing domestic wires are $30 and for International wires is $ 40.00.
Miscellaneous Services Questions
What is shared branching?
Shared branching is a group of more than 1,200 credit unions nationwide that allow you to access your credit union account at more than 5,000 locations in 46 states.
Can I use another financial institution to access my Greater Alliance Credit Union account?
You can access your account through the Shared Branching network. You will need to know your full member ID number and also have a valid picture ID. (Driver’s License, State ID, Military ID or Passport)
Where can I find a list of your ATM and Shared Branching locations?
We do not have a list but please use the ATM and Branch locator App available on our website. Simply put in the Zip code or City and State and it will get you to all the Greater Alliance branches and ATMs, COOP Surcharge Free ATMs and Shared Branching locations around the Zip Code you are looking for.
Does Greater Alliance Credit Union exchange or accept foreign currency?
No, Greater Alliance is unable to accept any foreign currency.
Does Greater Alliance offer safe deposit boxes?
Yes, at our Hackensack and Paramus branches. We have several different sizes of safe deposit boxes to meet your needs.
Can I get travelers’ checks, teller checks’ or money orders at Greater Alliance?
The fee is five dollars per teller check drawn to 3rd party. Money orders and Visa Gift cards are available at a nominal fee.
Do you have the service of a Notary Public available in any of your branches?
Yes, we offer notary service free to our members. We employ at least one notary in every branch.
Certificates and Money Market Questions
When I call the Credit Union and ask for a rate of a Certificate why do they give me two rates?
There is an APY (Annual Percentage Yield) and a DR (Dividend Rate). The dividend rate is the rate on your certificate. The annual percentage yield is the amount that you earn over the life of the certificate if you don’t withdraw your monthly dividends.
I want the best rate for my money, but don’t want a certificate. What should I do?
Greater Alliance Credit Union has several Checking accounts with great rates! If you want the best rates you don’t need to go anywhere else!
How is the penalty calculated for closing out a certificate early?
If share certificate funds other than dividends are withdrawn prior to maturity, A SUBSTANTIAL PENALTY IS IMPOSED as follows: The penalty is a forfeiture of dividends earned. The amount upon which dividends are forfeited is the principal amount withdrawn unless the amount withdrawn reduces the balance below the minimum balance required for the share certificate. In the event, the amount upon which dividends are forfeited is the entire principal amount of the share certificate, the penalty is as follows:
- If the term of your share certificate is one year or less, you will forfeit an amount equal to 90 DAYS OF DIVIDENDS, WHETHER OR NOT THEY HAVE BEEN EARNED. THIS COULD CAUSE YOUR PRINCIPAL INVESTMENT TO BE REDUCED TO LESS THAN THE ORIGINAL AMOUNT DEPOSITED
- If the term of your share certificate is greater than one year , you will forfeit an amount equal to 180 DAYS OF DIVIDENDS, WHETHER OR NOT THEY HAVE BEEN EARNED. THIS COULD CAUSE YOUR PRINCIPAL INVESTMENT TO BE REDUCED TO LESS THAN THE ORIGINAL AMOUNT DEPOSITED.
- The penalty does not apply to any of the following early withdrawals: withdrawal subsequent to the death of any owner; withdrawal after the close of the dividend period in which the owner’s credit union membership was terminated; if the account is part of a qualified individual retirement plan, withdrawal to effect distribution of funds upon the participant’s disability or attainment of not less than 59 ½ years of age; and withdrawal as a result of liquidation of the Credit Union.
What is the minimum balance I need to open/keep in my Certificate?
The minimum balance to open a Share Certificate is only $ 500.00.
Online Banking Questions
What is Online Banking?
Online Banking, also known as Cyberbranch, is a tool that allows you to use a personal computer with an Internet connection to conduct your financial transactions online.
What can I do with Online Banking?
You can view account balances and transaction history, transfer money, view cleared check images and much more.
What accounts will I be able to access through Internet Online Banking?
You can access your checking, savings, and loan accounts from the Internet Home banking service. Our Online Banking Product is intended to give you as much access, security, and versatility as possible.
How can I reset my Online banking?
You can call our call center at 1-888-554-2328 or stop by one of our branches.
How secure is Online banking?
At Greater Alliance Credit Union your account information is very secure. We use the latest technology to protect our member’s privacy.
Can anyone else access my account?
Absolutely not. Information on Internet Online Banking is not public. Only you can access your account information using your access code. (Unless you share your password with another person)
When do transactions post to my account?
When you perform a transaction on Internet Online Banking, posting will occur immediately.
Will my account be purged if I do not use Online Banking?
If you have scheduled Bill Pay (BP) or Scheduled recurring transfers (SRT) your account will not be purged. However, if you don’t have any SRT or BP setup and haven’t performed any activity for 90 days after enrolling for Online Banking your account will be purged from the system.
Can I download my account history information & what software is supported?
You can download your account history into: Microsoft Money; Quicken (versions 2004 and older); and Microsoft Excel as a CSV File. For information regarding Quicken versions 2005 and newer, please contact a member service representative. Account history downloads to Quickbooks is NOT supported at this time.
Bill Payer Questions
Is there a way for me to pay my bills online?
We do offer Electronic Bill Pay Service.
How do I sign up for Bill Pay?
Signing up for Bill Payment can be done by signing-in to online banking and clicking on the Bill Payment tab at the top of the page. For additional assistance, contact a Call Center Representative at 1-888-554-2328
Is there a fee for Bill Pay?
There is no fee for our bill payment.
Is it possible to schedule recurring payments?
Yes. You can schedule weekly, semi-monthly and monthly recurring payments.
When I add a new payee to my bill payment account, or change my account number, how quickly will the change take place?
When you update the information for the bill payment account, the changes are implemented virtually instantaneously.
Can I use electronic bill payment with all my accounts?
No, only checking accounts can be used for bill payment purposes.
When can I start using electronic bill payment?
You can begin bill payment is immediately after registration is complete.
Checking Account Questions
What types of personal checking accounts does Greater Alliance Credit Union offer?
We offer Easy Checking, Fresh Start and The Edge Checking Accounts for our members. Please click here to learn more.
How can I order checks?
You can call Greater Alliance Credit Union’s service center and we will order them over the phone for you. You can also stop in to any one of our branches.
Why was I charged a fee for a transfer I didn’t make?
Greater Alliance Credit Union offers to all its members’ automatic overdraft protection from the savings account to prevent bounced checks. GAFCU charges a nominal fee for this transfer and the number of allowable transfers is governed by Regulation D limits.
What is the minimum deposit required to open a checking account?
There is an initial deposit requirement of $50 for Easy and Fresh Start Checking. There is an initial deposit requirement of $5 to open the Edge Checking. Please click here to learn more.
How can I tell which set of numbers on the bottom of my check is my checking account number?
The nine digit number 221275876 is our routing and transit number (ABA Number). The ten digit number at the bottom of the checks is your Micro Number (checking account number) it should start with 00.
Mobile Banking Questions
What is Remote Deposit Capture (RDC)?
Greater Alliance RDC allows you to deposit a check using the Greater Alliance Mobile app on your Internet-enabled iPhone® or AndroidTM mobile device, provided your device has a camera. You must enroll for Mobile Banking to take advantage of RDC.
How do I sign up for Mobile Banking?
At the branch • Online – By enrolling for Online Banking and selecting the Mobile Banking icon on the overview screen and then downloading the GAFCU iOS or Android app for a smart phone with Internet access.
Are there any other specifications that need to be met?
You must meet the following criteria to use Remote Deposit:
- Be enrolled in Online banking
- Downloaded and installed our latest mobile app
- iPhone– minimal version 3.10.1
- Android – minimal version 3.13.1
- Must have a share account and meet the credit unions acceptance criteria
- Must be at least 18 years of age
- Current mailing and residence address on file
What should I do with the check after I’ve completed my deposit?
Write today’s date and the word “Deposited” on the front of the check. Keep the check in a secure place and destroy it after 45 days.
Is there a limit to the amount I can deposit using Greater Alliance Mobile Deposit?
Yes, there is a limit of $3,000 per day and $3,000 per item.
Can I make multiple deposits into my account in one day?
Yes, you can make multiples deposits in one day; however the maximum total for the day is $3,000. Anything larger than that, you can come visit us or mail the check.
What accounts are ineligible for Remote Deposit Capture?
Any Retirement accounts, Share Certificates and loans
What type of accounts can I make deposits to?
Deposits can be made to any share savings or share draft checking account to which the member is an owner.
Are there any hold times? When will the deposit be processed?
Accepted deposits can be viewed in the account immediately. There is a 3 business day hold placed on all deposits. The release/availability date will be viewable in the Account Summary.
What types of checks can be deposited using Remote Deposit?
Personal or business checks drawn on a financial institution and payable in US currency. If the check is payable to multiple parties, all parties must be on the account being credited.
How should the checks be endorsed? Do I need to include a deposit ticket? How long the deposited check should be retained?
All checks should be endorsed with the payees’ signature and include the following words “For mobile deposit at Greater Alliance FCU only” and include your Member Account Number. Deposit tickets are not required and will not scan. Deposited checks should be retained in a secure area for a minimum of 45 days.
Will any other type of confirmation be sent?
We will send you an email when we receive your deposit. If your deposit has been declined you will also receive an email with further instructions.
Where do my funds get deposited when I have multiple accounts?
You can deposit the check to any Share Savings or Share Checking account of your choice.
Are there types of checks that I may not deposit through Greater Alliance Mobile Deposit?
Ineligible items include:
– Checks payable to any person or entity other than the account owner
– Checks that have been altered in any of the check fields
– Checks that are not payable in US dollars
– Checks that are stale or postdated
– Checks that are stamped “non-negotiable”
– Check or items payable to you and another party who is not a joint on the account
– Any third party check (a check made payable to another party and “signed over” to the depositor)
– Checks that are incomplete ( e.g., any items that does not contain the signature of the maker, endorsement signatures, or other required information).
– Your Personal checks made out to cash are acceptable and any checks made out to cash that is over $500 that are not your personal checks will not be accepted.
Can I cancel Remote Deposit Capture?
There is no long term contract. But if you must cancel the service we understand, just call or stop by one of our branches and we will stop the service.
Important Tips on Remote Deposit Capture?
When taking a photo/picture of your check, please make sure that the check is flat and smooth and there are no shadows on the check. It is best to take a photo on a dark surface and keep the check image within the view finder on your screen.
It is important that the check is not blurry, all four corners are visible and the numbers on the bottom of the check are readable.
What is a down payment?
Virtually all home buyers rely on a mortgage loan to finance a home. Few mortgage loan programs will enable you to finance the full purchase price of a home. Instead, you will have to contribute a portion of the cost from your own funds (called down payment).
What are points?
Points are finance charges paid to the lender as part of the closing costs. Each point equals 1% of your total mortgage loan. Points can be negotiable and are sometimes tied to your interest rate. Paying more points to get a lower interest rate may be a good idea if you plan to take a long-term loan.
What is PMI?
Private Mortgage Insurance – Insurance the buyer carries to guarantee that the lender is paid off if the buyer defaults on a mortgage. It’s required for all mortgages with less than a 20% down payment. The exact amount depends on the amount of the loan and the size of the down payment.
What is an appraisal?
An evaluation of the property’s value. The appraiser visits the house and reviews recent selling prices of similar homes within the area. You will probably pay an appraisal fee at closing or before.
What is prepayment?
Making early or extra payments towards the principal (amount borrowed). Prepayment can shorten the length of your mortgage and thus lower your total interest paid over the life of the loan.
What is a homeowner’s warranty?
This warranty covers any repair to the structure, mechanical systems, and major appliances of the house for a certain time. This warranty is useful when purchasing an older home.
What is an inspection?
An evaluation of the property to find out if there are any problems with it that could change its value. The inspection also helps you decide if there are any items that you want the seller to repair before the final contract is signed. The inspector prepares a detailed report indicating any problems found, after inspecting the entire home.