Recent Articles

Seeking Candidates for 2018 Board of Directors Election

In accordance with the Bylaws of Arrha Credit Union, the Board of Directors will be accepting nominations from its general membership for open board positions in the upcoming term. Arrha Credit Union’s Board of Directors is comprised of 11 member-volunteers responsible for developing and setting the credit union’s strategic direction. In 2018, five vacancies will be available for four, three year terms and one, one year term. The Committee will further evaluate all candidates to identify the best qualified nominees for director. The Nominating committee is looking for:

2018 Annual Meeting Notice

The Annual Meeting of Members is scheduled for

Tuesday, April 3 at 4:30pm

John Boyle O’Reilly Club
33 Progress Avenue, Springfield

New Business will include:

  • Election of 5 Directors
  • Approval of Directors’ expenses for the prior year
  • Approval of the Officers’ Reports
  • Field of Membership

Proof of identification required. Credit Union members must be in good standing to participate.

Michael S. Ostrowski, President and CEO of Arrha Credit Union Testified on an Act to Modernize Credit Union Laws

Michael S. Ostrowski, President and CEO of Arrha Credit Union testified on an act to modernize credit union laws before the Joint Committee on Financial Services.  Ostrowski testified on allowing technological advances; increasing transactional authority for chartering and merging credit unions; and increasing in state authority for low-income designation. 

Equifax Breach: What You Can Do to Safeguard Your Financial Data

More than 140 million Americans affected 

The recent data breach in which more than 140 million Equifax accounts were hacked is considered one of the largest ever, and serves as a reminder that we now live in a time that requires all of us to take proactive steps to protect our financial and personal data.

Identifying and Reporting Common Scams

On July 6, 2017 the Federal Trade Commission (FTC) issued an alert on scammers posing as FTC officials who contact individuals and claim they have won prizes from a charity contest. The scammers ask for money to cover taxes or insurance costs associated with the prize. While this is a new malicious campaign, scammers use these basic tactics time and time again with slightly different wording to take advantage of unsuspecting individuals. It may seem like a day doesn’t go by without scammers contacting you online or by phone seeking money and/or personal information.

Top 10 Gifts for New Grads

College commencement season is here again, but for many soon-to-be graduates, it's a time to both celebrate and prepare. With the job market still challenging and national student loan debt exceeding $1 trillion, new grads face real financial hurdles.