A credit union can be a more rewarding option when you’re saving for a rainy day and looking for a safe place to keep your cash, or a more frugal choice when you’re planning for major life events and want lower interest rates on loans.
Credit unions are not-for-profit financial cooperatives that offer banking and related services to their members. You effectively become part owner of a credit union when you join, receiving shares when you open an account.
To become a credit union member, you must meet its eligibility requirements. Every credit union has different rules on who can join. Those rules are usually based on where you work, live, worship or go to school. You may also qualify if you belong to a specific group, such as a labor union, service organization or special interest association, or if someone in your family meets one of these tests. Once you’re in, you can be a member for life.
Buying a used vehicle can save you lots of money – unless, that is, you discover some unexpected “surprises” after the purchase is complete. A thorough inspection by a qualified mechanic is always a good idea. But for even more peace of mind, order a CARFAX Vehicle History Report through our website.
Simply visit MCCU and click on the CARFAX link. Enter the Vehicle Identification Number (VIN) from the vehicle you’re thinking of buying to receive information on:
• The title: This will tell you if the car has been flooded, salvaged or rebuilt.
• The odometer: You can check to be sure the mileage was not rolled back.
• The history: You will learn if the vehicle was in an accident, had fire damage, or was reported as stolen.
• The registration: Was it used as a taxi, a police vehicle, or a fleet car? You will want to know that ahead of time.
Everyone is looking for ways to save money, and that’s just what Love My Credit Union Rewards is all about.
Matadors Community Credit Union is excited to offer you exclusive discounts and benefits on products and services you use every day. Credit union members have already saved over $1.6 billion with Love My Credit Union Rewards discounts. So along with lower loan rates and fewer fees, here’s another way you can save even more.
Receive a 10% discount (business members a 15% discount) on select regularly priced Sprint monthly data service. Valid in conjunction with other credit union and most Sprint National handset offers and promotions
Get safety and security of roadside assistance and more for less than $1 per week* with CU Road Pal.
Save up to $15 on TurboTax Federal tax products
Save on services for your home from ADT, DIRECTV, Allied, and more
Earn cash back when you shop at over 1,500 online retailers with Love to Shop
Once you start receiving your first paychecks after graduation, knowing how to spend or save your money wisely can be tough. While you may be able to do your banking with just a few taps on your phone, managing money well is much more complicated. Here are a few tips to help you get started.
1. Budget using apps
Tracking how much you spend weekly and monthly shows you where your money goes and how you can save more. You can use a budgeting app that tracks your cash automatically, such as Mint, or one where you enter information manually, like Spending Tracker. Choose an app that lets you spend as little or as much time on budgeting as you want. From there, you can identify your total fixed expenses, such as rent and car payments, and more flexible costs such as shopping and dining out.
Buried in credit card debt? You’re not alone. According to NerdWallet, in 2015 the average U.S. household with debt had $15,762 in credit card debt at an average 18% interest rate. Annual interest alone was $2,630, or more than $50 a week.
Here are eight tips on how to climb out. Remember, though, there are no magical solutions.
Stop spending more than you make
Tell yourself the truth. Analyze your bills to see where your money is going. Car payments, rent or mortgage, groceries and utilities are essentials; nearly everything else is subject to elimination or reduction. And don’t forget those $100 withdrawals from the ATM. Create a realistic budget and declare allegiance to it. Concentrate on the little things; just knocking off a $4 latte on the way to work can save $80 a month.
When it comes to installing solar for your home, we know you have many choices for financing.
If you’re like most consumers, your primary goal with going solar is to save money. Exorbitant utility bills are never ending, but by purchasing a solar system and financing it, there is an end date, and ideally you are lowering your monthly energy bills.
When choosing a lender, you want to make sure you are 100% informed of the entire process, which includes:
your interest rate
your loan term
total interest you will pay for the life of the loan
any required down payments
any fees that may be associated with the loan (prepayment penalties, annual fees, late fees)
how the payments will be made (through property taxes, from a bank account, etc.)
When shopping for a new car, many people overlook one important step: getting pre-approved for an auto loan. It’s a simple process that can make car-buying go more smoothly and save you money.
Pre-approval is a quick assessment of your ability to pay off a loan based on your credit history and current financial state. This is how it works: You visit a credit union, in person, by phone or online, and provide proof of your identity — such as your driver’s license or Social Security number — your household income, and perhaps your housing costs. The lender will likely run a credit check. Then you’ll find out how much it would be willing to lend you and at what rate — sometimes on the spot.
Californians want to save energy and money on their homes, but a lack of upfront cash and uncertainty of financing options can discourage even the most committed homeowners from moving forward with the home improvement projects that they want and need.
In a collaborative effort to help Californians take charge of their energy and support our state’s progressive energy and climate goals, the State of California is working together with lenders to increase the availability of lower-cost financing for energy efficiency investments. The Residential Energy Efficiency Loan (REEL) Assistance Program is the first of seven financing pilot programs to roll out in the state of California and now welcomes the participation of Matadors Community Credit Union.
The Los Angeles Daily News is holding their annual Reader’s Choice Awards! MCCU has won for seven years, most recently in 2015, 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 Thursday, June 30th to vote!
We thank you in advance and please tell your friends and family to vote too!