Skip to main content

EMV Chip Enabled Cards

Our Visa Credit Cards now include EMV Chip Technology

CommonWealth Credit Union's EMV Visa Credit Cards are now available.  Effective July 1, 2016, all new cards, replacement cards due to fraud/damage, and expiring cards will be issued with the EMV Chip.



Q. What does EMV mean?

A. EMV stands for Europay, MasterCard and Visa.  It is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.  As chip technology will soon become the security standard in the U.S., many merchants are beginning to accept chip cards and we want you to be ready!  

Q. What is EMV chip card technology?

A. Your credit cards contain an embedded EMV chip to be used during transactions.  Your chip card and chip-enabled terminals help to provide more protection than a magnetic stripe. To lessen the risk of fraudulent activity, a unique, one-time code is created to approve the transaction.

Q. Will I still be able to use my current Visa Card?

A. Yes. You can still use your current Visa Credit Card for transactions. When you are up for a reissue or receiving your first Visa Credit Card, you be will given a Visa Credit Card that contains the EMV chip.

Q. What if I do not want to wait for my Visa Credit Card to expire, and would like a new card that includes the EMV chip?

A. Fees may apply. Contact your nearest office for more information.

Q. Will my current Visa Credit Card that only has the magnetic stripe continue to work at merchants?

A. Yes.  Cards with a magnetic stripe will continue to be used by merchants for the time being.

Q. Do I need a Personal Identification Number (PIN) to use my EMV chip card?

A. A PIN is not needed for everyday purchases, but is required for cash advances on EMV machines.

For more information, Watch this informative video below:


EMV: How it Works & How to Use