Members Exchange has two Board of Directors positions and one Supervisory Committee position that will need to be filled. These are volunteer positions and are non-compensated. After reviewing the responsibilities, any member who is interested in serving should complete the nomination application either through the web application below or print & mail an application. Submitting […] Continue…
Most Americans spend hundreds, if not thousands, on holiday-related purchases each year. While you may have saved up extra cash throughout the year for your anticipated expenses, it can be wise to have a backup plan. Don’t let unexpected holiday expenses end up tanking your savings. A holiday loan can add financial security to your […] Continue…
Planning for retirement is a critical step towards ensuring financial security in your golden years. Members Exchange Federal Credit Union (MEFCU) offers a variety of Individual Retirement Account (IRA) options designed to help you save effectively and take advantage of valuable tax benefits. Let’s explore the basics of IRAs, compare them to 401(k) plans, and […] Continue…
In 2024, financial scams are more sophisticated and prevalent than ever. With the rise of digital transactions and the increasing use of technology, it’s crucial to stay vigilant and informed about potential threats. At Members Exchange Federal Credit Union (MEFCU), we are committed to helping our members protect their financial well-being. This guide covers various […] Continue…
Investing wisely is crucial for achieving long-term financial goals, and as a member of Members Exchange Credit Union (MEFCU), you have access to numerous resources to help you succeed. This guide will explore effective ways to invest monthly, including high-yield savings accounts, IRAs, and other smart investment strategies to help you reach your financial objectives. […] Continue…
Stepping into the world of personal finance can feel like trying to find your way through a complex maze, especially when it comes to the nuances of interest rates. These rates are more than just numbers—they’re pivotal factors that shape our financial decisions, whether it’s choosing the right loan, managing credit card payments, or maximizing […] Continue…
Spring is in the air, and what better time to freshen up your finances? Just like decluttering your living space can bring a sense of renewal, taking the time to tidy up your financial house can lead to greater clarity, peace of mind, and even savings. Here are some comprehensive tips to help you spring […] Continue…
Introducing Members Exchange Federal Credit Union (MEFCU) Welcome to Members Exchange Federal Credit Union (MEFCU), where community, ownership, and exceptional service intersect. Formerly known as Members Exchange Credit Union (MECU), we’ve recently transitioned to a federal credit union to better serve our members’ evolving needs. As a not-for-profit financial cooperative, MEFCU is owned and operated […] Continue…
Life is full of changes, and as we navigate through milestones such as marriage, the birth of children, or the loss of loved ones, it’s crucial to ensure that our financial affairs reflect our current wishes. One often overlooked aspect of financial planning is keeping beneficiary designations up to date. At Members Exchange Federal Credit […] Continue…
Welcome to the Members Exchange Credit Union (MECU) blog, where we delve into the innovative world of Kasasa Cash Checking—an account that’s revolutionizing the way our members engage with their money. For 70 years, MECU has been a steadfast partner in helping individuals manage their finances. Kasasa Cash is a checking account that does more […] Continue…