October 17, 2014
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:
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.
September 15, 2014
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.
September 2, 2014
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!
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!
August 6, 2014
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.
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.
July 7, 2014
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.
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.