Checking Accounts That Fit YOUR Needs

Date December 5, 2014

Tired of “one-size-fits-all” checking accounts? At MCCU we understand that everyone has unique financial needs. That’s why we offer four distinct checking account programs. Choose one that meets the demands of your financial life:

  • Free Checking. A basic checking account with no monthly service charges and no minimum balance requirements.
  • Premium Checking. Earn interest with a $1,000 minimum daily balance and get free non-MCCU ATM transactions.
  • Teen Savers Checking. Help a teen (age 17+) take a step toward financial independence with their first checking account.
  • Fresh Start Checking. Perfect for starting over after a negative ChexSystems report due to past bounced checks, or poor money management.

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Using Holiday Gift Shopping to Teach Kids Financial Lessons

Date November 21, 2014

The holiday season is a time of giving—and spending. That makes it a perfect time to teach your kids a lesson or two in smart finances.

Shoppers this year intend to spend an average of $804, up almost 5% from last year, the National Retail Federation says. As you begin to check names off your list, give kids a gift that’ll keep on giving with smart shopping lessons.

Holiday spending for kids

Here are four simple tips to help youngsters prepare to buy presents for family and friends and learn good holiday spending habits: 

1. Make a budget.

Help the kids decide how much money is available. For the younger ones, this might be an allowance or an allocation from mom and dad. Older kids might consider using their own earnings or savings. Once the amount available is determined, help your youngsters create a budget. Tech-savvy kids might employ the aid of a smartphone budgeting app or a computer program. And there’s always the pen and paper method.

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Bump Up Your Rate and Bump Up Your Savings!

Date November 6, 2014

Are you looking for a safe place to put your hard-earned money? Safety is important, but you also want to earn decent interest as well, right?

MCCU can offer you both with our 36-month Bump Certificate (CD)! Our current rate is 1.45% APY¹ with Platinum Membership. If you’re not a Platinum member but want to become one, it’s easy! If you are not a Platinum member, your rate is 1.30% APY¹, which is still an amazing rate! And, your account is federally insured by the NCUA.

What is a Bump CD?
If our 36-month CD stated rate increases any time during your term, you can “bump up” your rate one time prior to maturity of your CD. That’s right! If rates go up, your CD rate will go up!

This CD is perfect for IRA accounts as well!

Find out more and compare our rate to other local financial institutions!

Visit a branch today to open your account!

¹ APY=Annual Percentage Yield. Rates and offer are as of 10/20/14 and are subject to change at any time. Platinum membership required for 1.45% rate, otherwise the stated rate is 1.30%. Bum Rate Certificate allows you to increase your rate/yield one time during your term if MCCU’s current stated 36-month Certificate rate is greater than the rate you are earning on your account. Rate Bump applies to remaining term. Membership required to open Certificate account. Penalty for early withdrawal.

30,000 NO-FEE ATMs at MCCU!

Date October 20, 2014

MCCU members enjoy over 30,000 no-fee CO-OP Network ATMs, along with 5,000 Shared Branches where they can do their everyday banking. And we still have Free Checking too!

When Debt Consolidation Could Be a Good Move

Date October 17, 2014

Credit card balances, personal loans, school loans and more – anyone with debt knows it can get overwhelming.

With rates still near historic lows, now is a good time to consider consolidating what you owe into a fixed-rate loan or at least one with a lower cost. But make sure you understand at the outset that your overall costs may increase even if your monthly payments are lower. Rolling short-term and credit card debt into a longer-term loan can mean your final costs to pay off those balances will be higher.

Tools for consolidating

As the economy strengthens, demand for credit is likely to increase, pushing interest rates higher on debt with rates that can vary depending on market conditions as opposed to fixed-rate loans. So it’s a good idea to prepare for this situation now by reducing or eliminating as much of your rate-sensitive debt as possible, using a new, lower-cost loan to wipe out those with higher costs. Here are a few ways to start this process:

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Home Improvement Projects That Add Value to Your Home

Date September 30, 2014

Property values are improving, so that means you may have more equity in your home than you have had in years. So if you’re thinking about making some much-needed (or wanted!) home improvements, now is the time to apply for a low-rate Home Equity Line of Credit (HELOC) Loan to pay for them!

If you are thinking of sprucing up your house, be sure the investment will truly add value to your property before hiring a contractor. When it comes to home improvements, sometimes the flashiest projects aren’t the most cost-effective. Surprisingly, the most basic renovations often return the biggest payback.

Top exterior project picks

Most prospective buyers balk at the idea of bidding for a house that needs major maintenance, so making a good first impression is critical. Evidence for the importance of curb appeal is found in Remodeling Magazine’s 2014 Cost vs. Value Report, which shows that exterior improvements give you some of the best bang for your buck in terms of value.

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Go Green and Earn Green at MCCU!

Date September 15, 2014

Are you tired of checking your mailbox and finding nothing but bills, junk mail, and statements from your bank or credit union, your mortgage lender and your investment firm?

Is your mailbox locked? Can anyone access it? Identity thieves will go to great lengths to steal your personal information in an attempt to commit identity theft. One such method is to steal bills and statements from your mailbox. There is a way to prevent this from happening, aside from getting a lock on your mailbox.

eStatements is the answer. But are they safe? If your financial institution offers eStatements, you can rest assured they did their due diligence to ensure that your access to your online statements is safe and secure. Here’s how it works at MCCU. You will receive an e-mail monthly (or quarterly if you only get quarterly statements) notifying you that your eStatements are ready to be viewed. You simply log into eBranch online banking, click on the eStatements tab and voila – there are your statements. And not just the current statement; you’ll be able to view up to 18 months of previous statements as well.

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Why Pay a Fee When You Can Bank for FREE?

Date September 2, 2014

Does your financial institution charge you to use an ATM that they don’t own? Are they also charging you a monthly fee, just to have a checking account there?

If you answered yes to either or both of those questions, it’s time to make the switch to Matadors Community Credit Union (MCCU)!

At MCCU, we offer our members 30,000 NO-FEE ATMs, nationwide!  AND members have access to 5,000 Shared Branch locations so they can do their banking when they’re not near a MCCU branch! Plus, we have a free mobile app that lets you find a convenient, no-fee ATM when you’re out and about! You can even find a deposit-taking ATM when you need it. Simply search for “Matadors Community Credit Union” in the App Store or Google Play!

We also offer Free Checking accounts, while most banks have gotten rid of it and are charging fees.

Watch the video for more information, and make the switch to MCCU today!

MCCU Voted Best Credit Union by L.A. Daily News Readers for 6th Year!

Date August 29, 2014

Thanks to our loyal members, and members of our community, we have once again been voted Best Credit Union in Los Angeles in the Daily News Reader’s Choice Awards! This is the sixth time we’ve won this prestigious award, and we are so proud.

MCCU continues to be a safe and sound place to bank. We have earned the highest 5-star rating from Bauer Financial and are well-capitalized.

You can refinance your car, buy a new home, get a Home Equity Loan, and so much more. We make it easy with our online loan application – and you’ll get a quick response!

We still have Free Checking, for consumers and businesses! And with that, you’ll get free mobile banking, debit cards, online bill pay and more!

 

Check us out today and see why we were voted the BEST!

The Key to Back-to-School Savings

Date August 6, 2014

 alt= According to Capital One’s recent Back-to-School Shopping survey, half of parents surveyed admit that price is a key factor when it comes to back-to-school shopping, but only 22% of teens see price as a high priority. Use back-to-school shopping as a way to start the conversation with your child about saving and smart spending, while still staying in style.

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