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News & Current Promotions

75th Diamond Jubilee!
HUE FCU Diamond Jubilee Annual Meeting and Luncheon

This year is a very special one for your Credit Union. We are celebrating our 75th Diamond Jubilee on June 26, 2010! We are very proud of this long history of serving the members from within Howard University families. You are invited to celebrate with us at the Pier 7 Restaurant at the Channel Inn. Mark your calendars today!

To register, fill out the registration form in the April newsletter and return it with your payment to the credit union by June 12. (Cost is $10 per attendee.) All attendees must register by June 12th. Please call 202.806.6129 with any questions or to obtain a registration form.

Are You a Soon-to-Be Retiree?

If you’re considering participating in the university’s Voluntary Separation Incentive Retirement Program, please keep the following in mind:

• If you choose to leave the university, you do not have to leave the credit union.  Once you’re a member, you can always be a member.


• If you make deposits to your savings through payroll deduction, those deductions will end when you retire. You can continue to save by coming into the office or mailing your deposits. We’ll be happy to provide you with deposit envelopes.


• If you make loan payments by payroll deduction, those deductions will end when you retire. Please make an appointment with us to discuss your options with us and make suitable payment arrangements. (This may be advisable whether or not you use payroll deduction.) It’s important to have such arrangements in effect on the day of your departure. Neglecting to prepare for a smooth transition from payroll deduction to your new payment options could hurt your credit.

Endorse Your Withdrawal Check

As you are aware HUEFCU is a cashless financial operation and all of our share withdrawals are done by check. Due to the volume of withdrawals we complete, we use Industrial Bank to distribute the funds for our withdrawals. With the implementation of new and stricter banking rules, Industrial Bank requires all checks withdrawn from your HUEFCU account be endorsed by you. It does not matter if you deposit the check into another account in your name; the HUEFCU check must be endorsed by you. Signing the
check “For Deposit Only” with your account number is not acceptable for Industrial Bank and may cause a delay in the availability of your funds. Please remember to endorse your withdrawal check with your signature before you deposit it into your account.