Teaching Teens to Save While They Work

Date July 24, 2014

Teens may have fewer financial obligations than adults, but that doesn’t mean youngsters should shirk responsible financial behavior. More than three-quarters of teens – 77% – feel confident in their money management skills, but when it comes down to specifics such as keeping track of a checking account or a grasp of income taxes, many don’t have a sufficient understanding of personal finances, according to a 2011 Teens & Money survey by broker Charles Schwab Corp. Only 35% said they could balance a checkbook, for instance. Your teen’s summer job offers an opportunity to learn saving strategies and good habits that can last a lifetime.

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Get a Personal Loan from a Credit Union!

Date July 7, 2014

 alt= A personal loan can be a great way to finance a one-time expense, whether that’s a medical bill or a new television. Paying back a personal loan on time is a great way to improve your credit score, making this type of debt especially beneficial for first-time borrowers.

When choosing a lender, credit unions tend to be reliable options. In March of this year, the interest rate on the average three-year unsecured loan from a credit union was 9.63%, or almost 1 percentage point lower than the average rate charged by banks for similar notes, at 10.6%, according to the National Credit Union Administration.

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4 Ways to Avoid Vacation Overspending

Date June 25, 2014


Vacation is a time to unwind, but if you end up overspending, you may face a stress-fest when it’s time to pay your credit card bills. Fortunately, there are some easy ways to curb vacation spending while still taking in all the monuments, shows, museums, and landmarks you want.

Here are some tips on how to keep vacation costs in check:

Make a daily budget.
Even if you’ve already planned out a budget, it’s a good idea to set daily spending limits and to keep track of your expenses. If you’re going on an all-inclusive trip, this can be much easier, since your meals, transportation and lodging are already covered, and you only need to budget for extras, like shopping. However, if you’re planning your own trip, establishing a daily budget can be a little more involved. Use a free online budget application to help you determine what you can spend each day that will give you enough freedom to enjoy your time off without overdoing it.

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Android Mobile Banking Users: Be Aware of Svpeng Malware

Date June 16, 2014

 alt= If you use an Android phone, and use Mobile Banking, please read on.

There is a new Malware invading U.S. Android phones. The malware – called Svpeng –  targets Android devices and looks for specific mobile banking apps on the phone, then locks the phone and demands money to unlock it.  In the U.S., Svpeng breaks into a mobile device through a social engineering campaign using text messages.  MCCU’s mobile banking app, along with other credit union mobile banking apps, have not been targeted.

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Text Message Scam Alert: Be Aware and Be Safe

Date June 10, 2014

Automated texts are being broadcast that warn consumers to call certain numbers to reactivate their payment (debit/check) cards. Details are below:

  • A recent text example: “Federal Credit Union ALERT: Your CheckCard has been temporarily LOCKED. Please call Card Services line (407) 574-2992″.
  • Text messages do not reference a particular issuing brand but they may vaguely refer to a credit union or bank.
  • Additional originating text numbers for this recent scam include: 786-300-2335 and 971-208-9936.
  • Text messages may also originate from Jamaican area code 876 which is easily confused by consumers with a toll free number.

BEST PRACTICES

  • Never call or text a potentially fraudulent number. Law enforcement and local communication companies may be in the middle of an investigation that will be compromised if the fraudsters become suspicious.
  • Be aware that a series of numbers are often involved in telephony scams. This scam may not be entirely limited to the number(s) referenced above.

DO NOT RESPOND to these fraudulent messages. These are scams attempting to steal your personal information. Matadors Community Credit Union will NEVER contact you via email, text, or phone asking for confidential or sensitive information. Remember never give out your sensitive information to people who contact you.

Contact us immediately at 818.993.6328 if you responded to a fraudulent message and have given out any information.

Vote MCCU Best Credit Union for 2014 in the Daily News Reader’s Choice Awards!

Date June 5, 2014

 alt= The Los Angeles Daily News is holding their annual Reader’s Choice Awards! MCCU has won for five years, most recently in 2013, and we want to win again!

We have been serving the San Fernando Valley and beyond since 1963 and are proud of our financially healthy and safe and sound credit union. We were awarded a 5-star rating – the highest rating available – by Bauer Financial!

Please vote for us by clicking this link, and go to the Goods & Services category. Scroll down to Credit Unions and type in “Matadors Community Credit Union”! You can vote for your favorite restaurant, school, florist and more while you’re there. Let your voice be heard and vote for all your San Fernando Valley favorites!

You have until Friday, June 27th at 5:00 p.m. to vote!

We thank you in advance and please tell your friends and family to vote too!

Vote for Matadors Community Credit Union and all your other favorites today!

Northridge Hawaiian Festival 2014

Date May 21, 2014

Great news for lovers of all things Hawaii! The Hawaiian Festival is back at Northridge Park on May 31st and June 1st!

Thanks to Councilman Mitch Englander and CD12 for bringing this fun festival back to the Valley. You’ll enjoy ono (delicious!) food, shopping, music and dancing, and more! On Saturday night you can even watch a free screening of Lilo and Stitch!

Get more information on the Festival and alooooha!

Put Your Money in a Safe & Sound Credit Union with a Great CD Rate!

Date May 19, 2014

 alt= We know that safety and security is important when it comes to your money. That’s why Matadors Community Credit Union, a 5-Star (highest rating) Bauer Financial Credit Union, is offering you a terrific rate for a 36-Month Certificate (CD)! You can open a regular CD or you can open a CD for your IRA account!

1.25% APY*

$1,000 Minimum Balance
With Platinum Membership

1.10% APY*

$1,000 Minimum Balance
Without Platinum Membership

What is Platinum Membership?
When you become a Platinum Member at MCCU, you’ll get  a .15% rate bonus on a new CD, plus other benefits like free ATM transactions, free notary service and more! Find out more about our Platinum Membership!

 Contact us for more information!

Find out more about our 36-Month CD Special and Start Earning More Today!

 

* APY=Annual Percentage Yield. Rate as of 5/16/14 and is subject to change at any time. Membership required to open Certificate account. Penalty for early withdrawal. Federally insured by NCUA.

Graduate Your Checking Account

Date May 19, 2014

Congratulations to all of the recent, or almost recent, college graduates! Wondering what happens to your low- or no-fee student checking account after you graduate? When you finish college, most likely your student checking account will convert into a regular checking account, and there may be extra fees and higher minimum balances. That’s why graduation is a great time to start looking for a credit union that meets your money management needs. As far as what type of checking account is right for you, here are some things to look for:

Low to no fees

While many student checking accounts advertise “no monthly fees” in their pitch, many regular checking accounts do come with monthly fees attached. Some accounts also have a monthly minimum, which can be a financial burden if you’re just starting out and don’t have a lot of savings. For cash-strapped grads who are trying to save money, credit unions can be a great option, since many offer low- or no-fee accounts with no minimums.

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Internet Explorer Security Flaw – How You Can Protect Yourself

Date April 30, 2014

Microsoft has acknowledged a security flaw in its Internet Explorer browser that could put online banking users at risk. Microsoft confirmed on Saturday that a security vulnerability exists in versions 6 through 11 of Internet Explorer, which is used by about one in four online consumers.

Microsoft describes the flaw as a remote code execution vulnerability. This means that a hacker who took advantage of the flaw could manipulate code from a remote server that fooled unsuspecting users into clicking on malicious links. Microsoft says it has so far seen “limited attacks” exploiting the vulnerability. The software company is working to quickly develop patches to fix this broken bit of code and push the fixes to all users of the affected browsers.

Unfortunately, if you are still using Windows XP, there will not be a fix. According to Forbes, approximately 25 percent of people still use Windows XP, and Microsoft ended tech support for XP earlier this month.

Until they get it fixed, here’s a couple things you can do to avoid falling victim to the security flaw:

  • Change your browser – Until the security patch is in place, you can start using another browser, such as Firefox or Chrome.
  • Run IE in “Enhanced Protected Mode” –  Click here for instructions on how to do this.

You can get more information on the security flaw here. Please share this with your friends and family as soon as possible to avoid any problems.

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