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"IMPORTANT INFORMATION ABOUT THE RECENT HOME DEPOT DATA BREACH"

MPS Credit Union is monitoring the possible data breach at Home Depot. We encourage you to be cautious and to check all of your financial statements for fraudulent activity. Your financial security is our priority. If you feel you may be a victim of this breach, report it immediately to 888-918-7775 for debit cards or 800-449-7728 for credit cards.

 

We will continue to monitor the situation and will update you as information comes available.

  

"IMPORTANT INFORMATION CONCERNING INTERNATIONAL ACH TRANSACTIONS (IAT)"

Effective September 18, 2009, changes were made to the Automated Clearing House ("ACH") formats for International transactions pursuant to regulatory compliance guidelines established by the Office of Foreign Assets Control ("OFAC") and U.S. Department of Treasury's Financial Crimes Enforcement Network ("FinCen").  Violations of the OFAC regulations and FinCen regulations may result in both criminal and civil penalties which  vary by sanction programs.

MPS Credit Union is not a Gateway Originating financial institution and therefore, does not originate International ACH Transactions ("IAT").  All outbound ACH transactions are limited to domestic transactions, and all incoming IATs are subject to the OFAC regulations.

As a result of the implementation of these regulatory requirements, if you are the recipient of an ACH transaction from outside of the United States the following delays may occur:

  • International ACH transactions may be delayed in accordance with NACHA and OFAC regulations in instances where an IAT originator is a match or possible match on the OFAC lists.
  • Processing, settlement and/or availability of these transactions may be temporarily suspended if enhanced scrutiny or verification is determined necessary.

For additional information, contact a member service representative.



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