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Click here for our response to COVID-19.

Click here to apply for a Paycheck Protection Program (PPP) Loan.

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News

Democratic member control: What it means to you

Now Accepting Nominations

Members Exchange has three 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…

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…

Protecting Yourself From Identity Theft

Identity theft can occur when an individual obtains personal information, such as your social security number, date of birth, address, and financial account numbers. Once this information is collected, the thieves will assume or take on your identity, allowing them to purchase items or obtain credit illegally. While identity theft can happen to anyone, there […] Continue…

Budgeting Basics

Who needs a budget anyway? If you’re always wondering how you’re going to pay the next bill, feel guilty when you indulge in overpriced treats and you can’t seem to find money to put into savings, then you probably need a budget. A budget is not a magic potion that will automatically solve all of […] Continue…

Actual Balance vs. Available Balance

Your checking account has two kinds of balances: the “actual” balance and the “available” balance. Both can be checked when you review your account online, by mobile application, by phone, or by contacting the credit union. It is important to understand how the two balances work so that you know how much money is in […] Continue…