By Dale Verderano, President and Chief Executive Officer
In the blink of an eye, a tiny credit union started by a few college professors at a fairly new campus called San Fernando Valley State College, has grown into a $139 million¹ full-service financial institution serving thousands of members all over the country.
That blink is actually 50 years. And I cannot be more proud to say that Matadors Community Credit Union – then Matadors Federal Credit Union – has evolved into an award-winning, financially solid financial institution.
When the Credit Union was first formed, the only products offered were a standard savings account and personal loans. Over time, the Credit Union has added the products and services the community needed – checking accounts, retirement accounts, auto loans, and mortgages. Today, we offer everything from Free Checking accounts, Health Savings Accounts and mobile banking apps to Energy Loans, Home Equity Loans and much more.
I am also proud to say that many of our employees have been with the credit union for 20 years and longer. When you walk into a MCCU branch, you are greeted by the same, friendly and knowledgeable staff that you have come to know and trust.
The Friends of the Northridge Branch Library are holding a used book sale on Saturday, Dec. 15. There will be a wide variety of books, hardcover and paperback, non-fiction and fiction, in great condition for sale at very low prices. Proceeds go toward purchasing new books and the library’s free programs and activities.
Saturday, Dec. 15
10:00 am to 4:00 pm
Northridge Branch Library
9051 Darby Ave., Northridge
You can protect yourself better by understanding how scams work so you can prevent criminals from fooling you. One recent scam that has been quite popular is ATM skimming. Never heard of it? Well, here’s what you need to know to protect yourself from this scam:
How does ATM Skimming Work?
ATM skimming involves a two part process. The first part happens when thieves plant hidden electronics in the card reader at an ATM. The false reader is called a “skimmer.” The skimmer is placed over the normal card reader at the ATM, fitting almost like a glove over the normal slot. Once it’s in place, the ATM user will unwittingly slide their card into the planted reader, which will scan and store all of the information from the magnetic strip of the card.
The Greater San Fernando Valley Chamber is having an E-Waste Collection on December 1st. If you have any old electronics you want to discard (especially if you’re buying new for Christmas/Hanukkah), be sure and bring them to this collection.
Date: Saturday, December 1 Time: 9 a.m. to 2 p.m. Where: Pinecrest Northridge Campus Parking Lot
17081 Devonshire St, Northridge, CA 91325
As the temperature drops outside, the first thing we want to do is bust out our starter logs and lighter fluid and start a warm, cozy, borderline-dangerous fire in our fireplace, or spark a death-candle in the middle of our dinner table to increase the autumnal allure.
Okay, maybe that’s a little bit of an exaggeration. But as wonderful as a fireplace fire feels, or a decorative holiday candle looks, it does come with its risks. Before it gets too terribly cold out and before the holidays sneak up on us, now’s a great ! time to make sure your home is fireproof with these easy tips:
Hard to believe, but the holidays are right around the corner. I’m sure you’ve already seen the Christmas decorations in stores, and it’s not even Thanksgiving! But this is a good time to think about your holiday shopping. Who will you be shopping for this year? How much can you really spend without getting into debt?
Here are some holiday shopping tips to not only make it easy for you, but help you not burn a hole in your pocketbook:
The best form of advertising, in my opinion, is Word of Mouth.
How do you typically hear about the best burger joint, or which dry cleaners to use, or where to enroll your child in preschool? Sure, there’s Yelp – which, in its own way is really word of mouth and referrals – but you probably hear about these things from friends, family, and neighbors.
So why not Credit Unions? Has anyone ever complained to you about bank fees, and just overall service woes at their financial institution? If you were happy with your Credit Union, you’d most likely tell them about it, right? What if, by telling them and having them actually come in to open an account or get a loan, you’d both earn up to $30 each? And that’s for every person you refer.
Mortgage rates are at their lowest. This means there are more mortgage companies, or individuals, who are preying on unsuspecting borrowers. Before you sign on the dotted line, make sure you know who you are doing business with, and be sure to work with an experienced mortgage professional.
Mortgage fraud is on the rise. Be alert to any individuals or companies that:
The word “mayhem” has several synonyms including “chaos” and “confusion. I could not think of a better topic to begin with than addressing the mayhem that seems to exist about all things mortgage related. Mortgage loans have always been a bit confusing, but as we are all aware by now, the entire mortgage industry has been in a period of utter chaos for several years.
Let us try to clear up one of the most prevalent confusing issues when it comes to your real estate financing. Bar none, the question I hear most from friends, family and clients is this: What is the current state of the mortgage and real estate market?
Click here to earn $25. With the MCCU Visa® Bonus Rewards Card you receive 2,500 bonus points after the first use of your card. Use the points to redeem a $25 statement credit or brand-name merchandise and gift cards from popular retailers. Apply Now!
About the Blogger
Marnie Nemcoff is the Vice President of Marketing for Matadors Community Credit Union. She has worked in the banking industry since 1989, and has been with credit unions since 1997.
January 4, 2013 
Posted in General, Loans 
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