How should I endorse my checks for Mobile Deposit?

Endorse any item transmitted through Mobile Deposit with your signature and add the restrictive endorsement “For Mobile Deposit only, CornerStone Federal Credit Union”.

When will the funds from a Mobile Deposit be available?

If an image you transmit is received and accepted before 9:00 a.m. Eastern Time on a business day that we are open, we consider that day to be the day of your deposit and your deposit will be posted by 10:00 a.m. Eastern Time. If an image you transmit is received and accepted after 9:00 a.m. and before 2:00 p.m. Eastern Time on a business day that we are open, we consider that day to be the day of your deposit and your deposit will be posted prior to end of that business day (typically 4:00 p.m.). If an image you transmit is received and accepted after 2:00 p.m. Eastern Time on a business day that we are open, we consider that the deposit was made on the next business day that we are open and will be posted the next business day by 10:00 a.m. Eastern Time.

What should I do with the check(s) after the Mobile Deposit is complete?

You must securely store each original check for thirty (30) days after transmission. It is suggested that you file transmitted checks in a secure place to avoid duplicate transmission. After thirty days, you may destroy the check(s).

What types of documents can be deposited using my mobile device?

Moneygrams, Money Orders and Postal Money orders are accepted.T-cheks are also accepted. However, a T-chek without the code will be denied deposit. If there is an authorization code written on the check, we will verify it through T-chek. If an authorization code is not written on the check, we will call for one and then ask you to add the code and resubmit the check.

How do I sign up for Online Branch?

First you must complete an authorization form which can be found on our Web site under the forms button on the left side of the home page. You may also complete the form in person at one of our offices or we can mail, email or fax one to you. The completed form must contain your original signature – no copies or faxes will be accepted unless it is completed using electonic signature documentation.

I have signed up for Online Branch. What do I do now?

The first time you logon you will need to enter your account number and password. The initial password will be the last four digits of the primary account holder’s social security number and the user ID number will be your member number. At this time you will be prompted to change your user ID and password to a strong password (an explanation is included with the prompt). You will now have access to your accounts.

What all can I do on Online Branch and why should I sign up to use it?

Using Online Branch will add convenience to your life and it will save you time. It will also allow you to track transactions in your accounts on a daily basis rather than waiting until month end to receive your statements. Online Branch will let you view your balances and track your history. You can also transfer funds between your accounts and make your loan payments online. You can request a check to be mailed to you and viewing your cancelled checks is easily done with the click of your mouse. You have the option to receive your statements electronically and download them to a disk for long term use. Online Branch contains calculators for loan payments or interest to shares. It even provides a calculator to balance your checking account. Online Branch is compatible with some money management software programs.

How much will it cost me to use Online Branch?

Online Branch is provided as a FREE service to Cornerstone FCU members.

Are the balances shown on Online Branch current?

Most likely. Online Branch updates every 5 to 15 minutes. The bottom of the screen displays the current time that Online Branch was updated. Because the credit union is live with the ATM network, you will always know what your current balance is.

I seem to have forgotten my password for Online branch. Can I call the credit union to get it?

The credit union does not have access to your password. What we will do is reset it for you and it will revert back to the last four digits of the primary account holder’s social security number. As before you will be prompted to change it to a strong password.

I’m not sure what it means when Online Branch asks for my User ID. Can you help me?

Your User ID is your unique identifier. You would have established this number when you first signed up for Online Branch.

How can I view a copy of a check that has cleared my account when using Online Branch?

Under account summary, click on share draft account. The history will show the check numbers that have cleared. Simply click on the number of the check you wish to view.

I understand that some money management software programs are compatible with Online Branch. What are they?

The compatible programs are:

Microsoft Excel
Money OFC
Money OFX

How much account history is stored on Online Branch?

You will be able to view three months of account history on Online Branch. However, 24 months of history is available if you have signed up for E-statements.

I want to download my checking account statement into my Money/Quicken program. Why do I keep getting an error message?

E-statements are .pdf files and you are unable to download a .pdf file into money management software programs. However, you can still download your account history into these management files by clicking on the appropriate software link at the bottom of the page.

Could I receive my monthly account statements online rather than having them mailed to me?

Yes. If you are an Online Branch user, simply click on the E-Statements button located at the top of the page after you sign on. You will receive a brief disclosure stating that by accepting it you will no longer receive your statements via the postal service. It’s that simple and it’s FREE. Once you accept, you will begin receiving your statement electronically with the next statement cycle.

If you are not an Online Branch user, you must sign up for this FREE service in order to get E-Statements. Sign up today.

Will I be able to transfer funds from my primary account to my sub accounts? Also, can I transfer money into my children’s or grandchildren’s accounts?

Yes, transferring between different account numbers is possible. The authorization form will allow you to list those accounts in which you wish to transfer funds.

I’ve signed up for E-statements. When will they be available for me to save to a disk for permanent record keeping?

Your electronic statements will be available on the first or second business day of each month and the last 24 months will be accessible.

What is Same Day ACH?

Same Day ACH is a change approved by the NCUA and Federal Reserve to allow for more immediate processing of ACH transactions.

What is ACH?

ACH stands for Automated Clearing House. ACH transactions are electronic transactions (deposits or withdrawals) processed through the Automated Clearing House.

Does this affect only Cornerstone FCU?

No, this change affects all companies that accept or send ACH transactions.

When does this happen?

The first “phase” begins on September 23, 2016.

What exactly is changing?

With the first phase, we will be required to post ACH transactions three times each day. The first posting (by 8:30 a.m.) will contain both debits and credits (withdrawals and deposits, respectively). The second and third postings (by 1:00 p.m. and the credit union’s end of day, respectively) will include credits only.

What were the previous posting requirements?

ACH transactions that were received through 7:00 a.m. were required to be posted by 8:30 a.m. on their appropriate effective date.

When do other phases begin?

The second phase begins on September 15, 2017. The third phase will begin on March 16, 2018.

What happens during the other phases?

During phase two, both debits and credits can be processed on the same day. During phase three, institutions must post the final posting by 5:00 p.m. (phase 1 and phase 2 only stipulate “by the end of day”).

How is this going to change my account?

Instead of one ACH posting a day, we will process three. You may see additional ACH postings throughout the day if you have authorized ACH transactions on your account.

Does this mean that I will get my direct deposit sooner?

Possibly. We are required to post ACH transactions based on the effective date provided. Many times, ACH credits are sent to financial institutions days in advance of the effective date. We are not permitted to post the transaction until that effective date, regardless of when we receive the entry.

Can I refuse to allow Same Day ACH?

No, you cannot refuse Same Day ACH. The company initiating the entry may choose whether or not to process Same Day ACH. However, Cornerstone, the receiving company, is required to post transactions based upon the effective date on the entry.

Who can I call if I have additional questions?

Please contact our call center at 717-249-1661 or 1-888-718-6786 if you have any questions.