
PALCO Federal Credit Union would like to bring to your attention that when viewing your accounts thru PALCO@Home that you will see an additional S account and an additional L account. This is for our new Virtual loan payments for our Visa's here at PALCO.
You will now be able to transfer your Visa payments from your savings and checking account to the S70 thru the S74 accounts from home thru our PALCO@Home system. This account will be swept out every business day around 4 pm to make your Visa payment for you. Any payments made after 4 pm will be processed on the next business day.
The S70 thru S74 accounts are not saving accounts and therefore will not earn dividends. They are sweep accounts where the money goes into the account and is swept out at the end of the day. The L70 thru L74 accounts are informational only here in the Credit Union. You cannot post a payment to those accounts.
If you have any questions on this please contact our office at 570-546-2333 and a member service representative can help you.