'Penny Pinchers' Program Helps Members Save with Every Purchase

OSWEGO, NY (August 2, 2021) – Compass Federal Credit Union is pleased to introduce its all new ‘Penny Pinchers’ program, allowing members to save money for any occasion with every debit card swipe.

In order to qualify for the program, members must have a checking account with a debit card.

Members are able to enroll in the ‘Penny Pinchers’ program in-person at any Compass office.  Enrollment is associated with the members checking account and the program will apply to all active debit cards associated with the enrolled checking account.

After enrollment, each purchase using the assigned debit card will be rounded up to the nearest whole dollar. The rounded amount will then be transferred from the checking account attached to the debit card into the ‘Penny Pinchers’ Savings Account under the same membership. Each rounded amount will be between $0.01 and $0.99. Transfers will be completed at the end of the day. If the available balance of the checking account is less than the aggregated transfer amount, the transfer will not occur.

Purchases run as debit or credit made with the debit card attached to the associated checking account enrolled in the Penny Pinchers Program.  ATM transactions or whole dollar amount transactions do not qualify.  Deposits and transfers are not allowed into this account.

Compass FCU reserves the right to cancel or modify the ‘Penny Pinchers’ program or terminate a member’s enrollment at any time without prior notice, at the credit union’s discretion.

Members are reminded that Compass Federal Credit Union’s 55th Annual Meeting will take place on Thursday, September 2, beginning at 6 p.m. outside of the Compass main office located at 131 George St. in Oswego.

This year’s Annual Meeting will include an update on the state of the credit union from the Compass Board and management, as well as an opportunity to vote for the three open seats on the Compass Federal Credit Union Board of Directors.

Members must be 18 years or older, in good standing with Compass Federal Credit Union and provide identification in order to vote in the Board of Directors election. 

Compass members that pre-register online, and attend this year’s meeting, will automatically be entered into a chance to win a $75 Compass gift card.  Compass Federal Credit Union will then donate $150 to the winner’s charity of choice. 

Members are asked to pre-register by Thursday, August 26.  Members do not need to pre-register to vote.  Attendance is free.

The online pre-registration link is available on the front page of the Compass Federal Credit Union website at www.compassfcu.com, under the About Us tab under Annual Meeting, or through the Compass Facebook page.

For those without computer or internet access, you can stop into any Compass location to register, or call Compass FCU’s Fulton location at (315) 593-8443 to register by phone.

Compass Federal Credit Union, established in 1966, services more than 7,000 members in the Oswego County community.  Compass takes great pride in serving its members with responsive and exceptional personal service, security of member’s funds, competitive rates and programs and continued growth.

To learn more about Compass Credit Union’s services, or to see a listing of locations, visit online at www.compassfcu.com.  Compass Credit Union’s main office, located at 131 George St. in Oswego, can also be reached by phone at (315) 342-5300.

Compass Credit Union can be found on social media via Facebook at www.facebook.com/CompassFCU.     

About Compass Credit Union: Established in 1966, Compass Credit Union has expanded from its original 74 members, to servicing more than 7,000 members in the Oswego County community.  Compass Credit Union aims to serve its members with responsive and exceptional personal service, security of member’s funds, competitive programs and continued growth.