October 13, 2011
You don’t have to wait for Bank Transfer Day to switch to MCCU! Open a new Free Checking Account and Debit card with us and we’ll give you $25! It’s that easy.
We know that switching your account can be a hassle. That’s why we offer our Switch Kits! Fill out a few simple forms and we’ll do all the work for you!
If your bank is charging fees, just say no and make the switch to MCCU today!
Posted in Tips 
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October 12, 2011
The “Big Banks” are charging for Checking Accounts, and some will soon charge customers as much as $5 a month to use their Debit Card. So what are Americans doing to protest? Welcome to Bank Transfer Day on November 5, 2011!
Bank Transfer Day encourages bank customers to move their accounts out of big banks and into smaller banks and credit unions instead. The movement is in response to aggressive fees financial institutions are implementing to recover profits lost from new financial regulations. Why would you give these banks your hard-earned money when you don’t have to? Make the switch!
November 5th is a Saturday – MCCU’s Chatsworth branch is open that day from 9am to 1pm! Come visit us and open an account! We have FREE Checking, FREE Debit Cards, FREE online banking and bill pay, and we are rolling out FREE mobile banking in January! Plus, we are part of the Shared Branch network and Co-Op ATM Network which means you can do your banking at other participating credit unions, fee-free!
MCCU is a $125 million credit union. We are not like a big bank, or credit union, for that matter. We will give you quality, low-cost products and services with exceptional and personable service. Your accounts are federally insured up to at least $250,000, just like the “big banks”. We’re small and strong!
So if you are banking at Bank of America, Wells Fargo, Citibank, Chase, or any other “big bank” that has high account fees, consider switching to a credit union! We’ve also got GREAT rates on Auto Loans, Home Equity Loans and more.
Join the movement, attend Bank Transfer Day and start saving money!
Posted in General, Tips 7 Comments »
September 30, 2011
I’ve already talked about banks charging debit card fees here, but yesterday it was announced that BofA will charge a $5 monthly fee, just to use your debit card, though not for ATM transactions.
I won’t re-hash what I’ve already written, but I do want to reiterate that MCCU will not charge a fee for our members to use their debit cards. Add to that our already free checking account – such a deal! If you’re local, check us out. If not, find a credit union in your area that also has free checking and debit cards.
Don’t throw away your hard-earned money when you don’t have to.
Posted in General, Tips No Comments »
September 22, 2011
The California Department of Motor Vehicles website has a new look! The revamped site makes it easier for users to navigate and take advantage of the convenient online services offered by the DMV.
When first logging on to the new DMV website, customers will see bold and streamlined content that highlights the DMV’s expanded online services – including making an advance appointment. The appointment feature is just another way the DMV is assisting customers to save time by skipping the lines at the DMV. All features are conveniently placed at the top of the page, making it easy to find exactly what you’re looking for.
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September 15, 2011
With the recent storms and flooding on the East Coast, many car owners are attempting to sell their cars…that have been flooded and my have caused serious damage to the vehicle. With the Internet, it’s not too far-fetched for someone on the West Coast to purchase a vehicle online from a seller on the East Coast. So heed this warning.
According to an article on CNNMoney.com:
Flooded vehicles are dangerous because the water damages the mechanical and electrical systems that control safety features. That means anti-lock brakes and turn signals can fail, airbags may not deploy in an accident, or — as in one unfortunate buyer’s case — the entire engine can simply blow up. Health issues are another concern. Chemicals and filth can get into the seats and ventilation, and can result in a buildup of mold and bacteria.
The best way to avoid purchasing a flooded vehicle is to take it to a trusted mechanic before you buy it. If you are purchasing the car online, find a mechanic who is not connected to the seller and have them check the car out for you.
If you do purchase a used car that is in good condition, finance it with MCCU! We have low rates, no application fees, and no payments for 60 days (interest will accrue)! You can even apply online for fast response.
Good luck in your new car search – and remember, an informed shopper is a happy shopper!
Posted in Loans, Tips No Comments »
August 24, 2011
Don’t miss the 2011 San Fernando Valley Children’s Day on Saturday, Sept. 17 at Woodley Park. This fun, free event for families and kids will feature carnival rides, rock climbing, facepainting, a special kids train ride, arts and crafts booths, prizes, games, celebrity appearances, live entertainment, gourmet food trucks, and a Police helicopter and Fire trucks on display. ESPN X Games will hold a skateboarding clinic.
The kids resource fair will include over 100 booths with information about a wide variety of fun, healthy activities for kids. Learn about how your kids can participate AYSO Soccer, Police Activity League Supporters, Boy Scouts and Girl Scouts, Recreation and Parks programs, and other sports, music, dance, drama and educational programs.
Date: Saturday, Sept. 17
Time: 9:00 am to 6:00 pm
Children’s parade – 9:00 am
Woodley Park
6350 Woodley Ave.
(Between Victory Blvd. and Burbank Blvd.)
The event is free, and conveniently located adjacent to the Metro Orange Line stop at Woodley Station. For more information, visit www.ChildrensDay2011.com
Posted in Community Events No Comments »
August 18, 2011
If you are one of the millions of consumers in the U.S. that enjoys using your debit card, can you imagine paying a $3 monthly fee for that convenience? No, I can’t either.
Chase Bank and many others have been charging a fee for debit card usage since February in certain areas. Today it was announced that starting October 14, Wells Fargo will jump on the FEE wagon and will charge customers in Georgia, New Mexico, Nevada and Oregon $3 a month to use their debit card. I know that annually that’s only $36 but it’s the principle of the matter. What will they charge for next? First they get rid of their Free Checking, then they do this. If you’re as appalled as I am, why are you still banking there? Switch to a credit union, such as MCCU, that still offers Free Checking and is not charging for the use of a debit card.
I understand these big banks offer convenience with several branches and ATMs, but at what cost? Why not join a credit union that offers its members Shared Branching and CO-OP ATM access all over the country, including 7-Eleven stores?
Don’t give the mega banks any more of your hard-earned money. Make the switch to a credit union and treat yourself to a latte instead.
Posted in General 1 Comment »
August 15, 2011
One of life’s greatest conveniences is the automobile. It can, however, become quite cumbersome when not maintained properly and unexpected expenses arise due to necessary repairs. All too often, required and preventative maintenance needs can easily fall by the wayside, resulting in a shorter life span for the car. Unmaintained cars often break down faster than those that receive regular service and care, resulting in hundreds, even thousands, of avoidable repair bills. The California Department of Motor Vehicles would like to offer common maintenance tips that will certainly lengthen the life of your car.
The following represents a list of tips that provide a general overview of basic maintenance. Be sure to check your owner’s manual for more specific directions on how to properly maintain your car:
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August 10, 2011
Summer is here and we are going tropical! Visit any branch and enter to win a weekly drawing for either a $50 L&L Hawaiian Barbecue or Roy’s Hawaiian restaurant gift cards! While you’re here, enjoy Hawaiian music and find out more about all of the great products and services we have to offer, like:
- Free Checking
- Low-Rate Auto Loans
- MasterMoney Debit Cards
- Free Online Banking and Bill Pay
- No Annual Fee Credit Cards with Rewards
If you are unhappy with your current financial institution,
join us and find out why we were voted Best Bank/Credit Union three years in a row!
Visit us today and enter to win!
Aloha Days will run August 1-31, 2011. One gift card awarded weekly, with five winners total. One entry per person. No purchase necessary. Winners will be chosen by random drawing each Friday and the winner will be notified the following Monday.
Posted in Loans, Savings No Comments »
July 25, 2011
For many borrowers, securing a government sponsored loan for the purchase or refinance of a residence is reassuring, and makes a great deal of sense. Unfortunately many people are not aware of the many different types of government backed mortgage loans that are available. To that end, let’s take a look at some of the benefits of various government sponsored loans that you may find to be a good fit for you if you plan to purchase or refinance this year.
FHA Loans: These loans can require as little at 3.5% as a down payment. They are available for purchases and refinances (even if you have little to no equity in your home). FHA loans are available up to $729,750 and you don’t have to be a first time home buyer to qualify for this type of loan. The home needs to be your primary residence unless you cosign for a significant other or child and they are occupying the home as their primary residence.
VA Loans: As the name implies, these loans are designed for veterans, and offer some terrific benefits, including no down payment requirement, and you may even be able to have the seller pay your closing costs. You will be required to have your DD214, and you’ll want to check with the Veteran’s Association to determine your eligibility, or visit www.vba.va.gov, but you do not need to be a first time home buyer.
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