Did you know? July is #LoveMyCU month! Many people these days are moving away from traditional banks and making the switch to credit unions. What’s so appealing about credit unions? Here’s our list: Personal Ownership Most financial institutions are owned by stockholders who intend to make money from their investments. Credit unions like MECU take […] Continue…
Not all financial institutions are created equal. It may be within the status quo to join a bank, but if you’re someone who dreams beyond that, joining a credit union should be your next move. Credit unions serve many of the same purposes and offer similar products as banks, but when it comes to setting […] Continue…
Tips to Avoid Additional Fees and Save Money as a New Member of MECU So, you’ve just signed up as a member of Jackson’s preferred credit union. Continue your fee-free banking experience by following these helpful tips! Did you know that Members Exchange Credit Union offers a variety of services to our members that typically […] Continue…
What is a Personal Loan? A personal loan is an amount of money that a lender gives to a borrower. Borrowers can lend personal loans from banks, credit unions, or state-licensed lenders. The borrower has a certain period of time to pay back the loan plus interest accrued over time. The annual cost of credit, […] Continue…
Buying a home can be one of the most exciting or stressful times in your life. It is also likely the most expensive purchase you will make. Unless your cash flow is extensive, you’ll need to take out a home loan from a bank or credit union to help you finance the purchase you’ve been […] Continue…
20 Ways to Save This Christmas Love the holidays but hate the Santa sticker shock that follows? No need to spend your way into debt if you hack your Christmas finances with the following cost-effective tips. Keep costs down and make the holidays more meaningful by gifting your loved ones with personalized homemade presents. From […] Continue…
Tapping into your home’s equity can be a good way to access quick cash to pay for more than just renovations on your home. HELOCs can help you improve your financial picture if done properly. It’s important to proceed with caution when borrowing money against your home; however, keep in mind that HELOCs are only […] Continue…
A home equity line of credit (HELOC) is a line of credit secured through your financial institution on your home that gives you a revolving credit line to use for large expenses. A HELOC typically has a lower interest rate than other credit lines due to the nature of the loan. A home equity line […] Continue…
When life hands you lemons, they’re not always sweet. Oftentimes, hardships like divorce, funerals, or maybe an unexpected bundle of joy can bring about financial shifts. When this happens, financial counseling can be the solution you need to getting back on your feet. Whether you are in the process of managing your debt, expanding your […] Continue…
We’ve made it through 2020, vaccines are on the rise, and the light and the end of the tunnel is fast approaching. While most of us reluctantly endured isolation for the hope of a better tomorrow, we were dreaming of the opportunity to one day escape the routine in exchange for new experiences. We’ve spent […] Continue…