Earn More with a 15-Month Certificate at MCCU!

Date April 3, 2017

 

Want to earn more interest on your savings? Put your hard-earned money in a 15-Month Share Certificate at MCCU!

You can get this great rate by becoming a Platinum Member, which is easy to do. Visit a branch to open your account or contact us at 818.993.6328 for more information!

Save and earn more at MCCU today!

* APY=Annual Percentage Yield. Platinum Membership required for advertised rate/APY, otherwise the stated rate is 1.15% APY. Rates subject to change. Membership required to open Certificate account. Penalty for early withdrawal. Dividends are compounded and paid monthly. Fees may reduce earnings. Certain State and Federal penalties may apply to IRA accounts, please consult your tax advisor. See disclosures for special features and requirements. Each member account is federally insured up to at least $250,000 by the NCUA, a US Government Agency.

Feeling Stuck In Your Car Loan? Might Be Time To Shop Around!

Date March 29, 2017

Some bills can’t be changed. For other bills, though, a little legwork can make a big difference in your monthly payment. Your car payment is a great example. Refinancing your auto loan can lead to a lower monthly payment, a shorter payment term or both! It depends on various factors, including the value of your vehicle, how much you owe and your credit standing.

Read on for three common life changes that might mean it’s a good time to refinance your vehicle.

1.) Your credit rating improves

The biggest factor determining your auto loan status is your credit score. When your lender builds a loan package, they pull a credit report as a central part of that process. That number determines your interest rate, whether you’ll pay an insurance premium and what other fees your lender might charge.

Keep a copy of the documents your lender pulled. That can let you see if your credit score has improved. Nine months of steady repayment can boost your credit score, resulting in a less costly loan.
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MCCU on KTLA Morning News

Date March 27, 2017

Sometimes I get asked: “What sets you apart from other financial institutions in your area?”

Most banks and credit unions will tell you: Service, products, great employees, great rates, etc. And that may be true. But what sets MCCU apart?

We truly love our community. And that includes, not only our members and the people living in our community, but the local businesses in our community as well. So when we have an opportunity to help support one of those businesses…we do.

This past Sunday we were invited to visit the KTLA Morning News Show (#1 in Los Angeles!) by the funny and charming Chris Burrous. We know Burrous Bites – his regular segment where he highlights restaurants in L.A. – so we brought him some fresh beignets from our friends at Les Sisters Southern Kitchen. And everyone was happy.

Community. Support. Shop Local. That’s what it’s all about. Enjoy the short clip! And thank you Chris – we’re all in our happy place now.

Keep Your Email Safe With Fake Mail Generator

Date March 24, 2017

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The Skinny:

What it is: FakeMailGenerator.com provides a free disposable email address that lasts as long as you have the window open. Email sent to the account automatically pops up, but everything about the account goes away when you close the window.

Supported Systems: Anything with a browser

Cost: Free, ad supported

No one likes getting spam email. In the best case, it’s a distraction from the real tasks that are accumulating in your inbox. In the worst case, it’s an attempt at identity theft. Yet, we need to use an email address to sign up for deals and offers.

Fake Mail Generator is designed with just those purposes in mind. It creates a free, temporary email address you can use for as long as you have the window open. This email address works just like any other. You can receive messages from it, just like you can from your primary email address. Unlike your primary email, though, the address and any messages sent to it are deleted after 24 hours of no use.
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Beware Unsolicited Help: Trouble With Tech Support Scams

Date March 22, 2017

Advanced computer technology can look like magic. Consequently, the wizardry that those with technical savvy can perform can be baffling.

That confusion is exactly what some scammers rely on. The Federal Trade Commission is warning consumers about scams featuring phony tech support. These schemes have one goal: compromise your technology to steal personal information and money.

It’s important to be vigilant when browsing, and watch out for these three tech support scams.

1.) Yahoo phone support

Data breaches have two sets of victims: those immediately affected and those victimized in the ensuing confusion. Yahoo’s data breach has found a new group of the latter.

Scammers have created several phony replicas of Yahoo help sites. These sites detail common account problems and offer a phone number for “Yahoo Customer Care” or something similar. If you call, one of several things might happen. You might be asked to pay a support fee, to allow remote connections to your computer or for your account information, including your username and password.
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Don’t Panic: A Last-Minute Guide To Tax Preparation

Date March 20, 2017

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It’s the second week in April. Spring is in the air. The flowers are blooming. Baseball stadiums are fired up for the start of the season. As you begin to enjoy the pleasantness of this time of year, do you have that lingering feeling that you’ve forgotten something?

April 18 is Tax Day. That’s the day all returns must be postmarked or e-filed to the IRS. If you haven’t started yet, you may be feeling a bit of panic as the deadline races up to meet you.

In the immortal words of Douglas Adams, “Don’t panic!” There’s still plenty you can do, and so long as it’s in the mail or in the internet tubes by midnight on April 18, you’ll be fine. Take a deep breath, grab a cup of coffee and make a plan. Also consider these three handy tips:

1.) You can file for an extension

If you do nothing else to prepare for tax day and there’s no hope for getting your return done on time, do this. The IRS will, in most cases, approve an automatic six-month extension for individuals. Form 4868 asks you to estimate your tax obligation, your total payments and the balance due. If you’re due a refund, there’s no problem. You’ll get your refund as soon as you file your return and you’ll have until Oct. 18 to do so. If you owe additional taxes, Form 4868 also includes a way to send estimated payments.
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Watch MCCU on Baskets on FX!

Date March 17, 2017

In case you missed it, MCCU’s Chatsworth branch was in last night’s episode of the FX TV show Baskets, starring emmy-winner Louie Anderson and Zach Galifianakis! We were honored and excited to have them use our branch for the shoot. And meeting Louie Anderson was icing on the cake. Enjoy!

Take Your First Steps Before They Take Theirs: Financial Planning For The New Parent

Date March 15, 2017

The first few days after you bring your baby home is an exciting time that can also be a bit stressful. So can the first few weeks. Many parents also find the first few months stressful, while others are stressed over their parental commitments a while longer. It’s easy to get caught up in sleepless nights, organic baby food and reading every book you can find, but sometimes parents forget an obvious priority: teaching and helping your child to save money as they grow up.

1.  Set up a savings account for your child and make regular deposits.

You don’t have to know what you want to do with your child’s savings yet. However, the first step is as simple as opening a savings account for your child. Studies show that young adults who had savings accounts as children make better financial decisions, are more prepared for financial emergencies and plan better than their peers who didn’t grow up with savings accounts. So, for now, open a savings account, put a few dollars into it every paycheck and invite your child to participate by making deposits of their own when he or she is old enough. Matadors Community Credit Union offers savings accounts specially designed for kids. They are only $5 to open and you earn interest right away! You can find out more here.
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Don’t Bet Your Retirement On An 8% Return

Date March 13, 2017

article-imageIn investing, time in the market is crucial. If past growth rates continue, the time you leave your savings alone actually matters more than the amount you save.

 The problem with that, though, is that past growth rates probably won’t continue. Over the last 30 years, the stock market has averaged 7.8% growth, a rate that is the foundation of many retirement plans. If you’ve invested your whole 401(k) in total market index funds hoping for that growth, you may be unpleasantly surprised.

The 7.8% growth is a historical anomaly driven by demographic factors. Because of slowing industrial growth, decreasing population growth, and competitive overseas markets, that rate is projected to slow to 2% in the next year, and possibly past that.

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How To Get A Summer Job: A Guide For Students Of All Ages

Date March 10, 2017

 alt=Summer is almost here. That means it’s time to start planning trips, camps and summer jobs.

Though most schools won’t end for another few months, it’s wise to start thinking about summer work now. The time frame for hiring can take up to a full month, so waiting until school is out can really shorten your working time. Try these four tips to jump start your job search.

1.) Ask friends and family

Disrupt the lengthy hiring process of most big employers by going after small business. Where better to get your foot in the door than with someone you already know? Ask friends and family if they need help with their businesses.
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