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News

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Text Concierge

Text or Call- Your Choice! With our new Text Concierge service, you can easily send your questions via text instead of calling. Conveniently get information like: Apply for a Loan Branch Locations Business Hours Current Rates Card Information Services Offered And more! Get answers on the go Monday through Friday 9:00 a.m. – 5:00 p.m. […] Continue…

Operation Backpack Donates $1,200 for Local Students

Operation Backpack, sponsored by Members Exchange Credit Union, raised $1,200 for students who seek support from We Will Go Ministries. We Will Go will provide backpacks and school supplies for students from their Camp Hope summer program who will need assistance with school work during the fall semester. Due to some schools choosing virtual classes […] Continue…

Apply for PPP loan forgiveness

Paycheck Protection Program Loan Forgiveness

Apply for Loan Forgiveness If you received a PPP Loan through Members Exchange, you can now submit your loan forgiveness application. Please note, this is only for MECU loans, we cannot process loan forgiveness for other institutions. Apply for Loan Forgiveness About PPP Loan Forgiveness The Paycheck Protection Loan Forgiveness Program is part of the […] Continue…

Is it a Good Idea to Open a HELOC Now?

If you’re looking for a large sum of money to use for a home improvement project, or the economic devastation of COVID-19 has left you in desperate need of cash, consider tapping into your home’s equity. One great way to do this is by opening a home equity line of credit, or a HELOC. Plus, […] Continue…

All You Need to Know About Student Loan Changes During COVID-19

With unemployment levels rising and many employers cutting work hours, lots of college grads are now struggling to meet their student loan payments. Thankfully, the federal government has passed legislation to ease this burden. Unfortunately, though, many borrowers are confused about the terms and conditions of these changes. Here’s all you need to know about […] Continue…

Response to COVID-19

To Our Valued Members, Our management team continues to monitor the development of COVID-19 through the Centers for Disease Control (CDC), World Health Organization (WHO) and the MS Department of Health (MSDH). We are taking every precaution to keep a clean environment for our employees and members. We want you to know that we’re here […] Continue…

Paycheck Protection Program

We are no longer accepting new PPP applications. If you have questions about other business lending needs, please contact David Broadaway at dbroadaway@memexcu.com. What Is the Paycheck Protection Program? Recently added as an SBA loan program, the Paycheck Protection Program (PPP) provides federally-guaranteed loans to eligible small businesses. Loans are the lesser of $10 million […] Continue…

Economic Impact Payments

The Internal Revenue Service (IRS) has begun issuing Economic Impact Payments (EIPs) as part of the CARES Act. Visit our FAQ page for more information about EIPs and the CARES Act. EIPs are based on 2018 and 2019 tax filings. Individuals who did not file for electronic returns for 2018 or 2019 filings will not […] Continue…

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Beware of Scammers

With the ongoing events related to COVID-19, please beware of potential scams. Many fraudsters are pretending to be credible sources, such as the World Health Organization (WHO) and Johns Hopkins University. Most commonly, they are targeting victims through phishing emails, phone calls, text messages, and social media. To help protect yourself against fraudsters, do not […] Continue…

Your Funds are Federally Insured by NCUA

As an NCUA-insured credit union, your accounts at Members Exchange are federally insured up to $250,000 by the National Credit Union Association (NCUA). NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. Credit Union members have never lost a penny of insured savings at a […] Continue…