Member-to-Member Newsletter

Vacay your way

Vacation LoanStock up on camping gear, pack suitcases, and get ready to relax and refresh.

Our Vacation Loan’s affordable low rate lets you take the break you need and won’t stress your budget.

Vacation Loan as low as 7.99% APR*

  • Borrow $500 to $2,500
  • 12-month term

Apply online today

*APR=Annual Percentage Rate. APR shown effective 6/1/19, based on creditworthiness, subject to approval, and eligible for Loyalty Rewards discount. Restrictions may apply. Monthly payment per $1,000 borrowed for 12 months at 7.99% APR = $87.02. Available through 7/31/19.

 


 

Skip-A-Pay lets you keep more cash this summer

Skip-A-Pay

Keep extra cash for your summer plans by skipping the next payment on your qualifying MCCCU loan. You can skip up to two loan payments per rolling calendar year on Signature and Secured Loans, Auto, Boat, RV, and other vehicle loans.

Request your Skip-A-Pay here, and have a great summer.

 


 

Meet our 2019 Scholarship recipients

We received many worthy entries for our 16th Annual Bathanti-D’Agostino Memorial Scholarship, but seven young people stood out, based on their academics, community involvement and overall merit. Congratulations scholars!

Scholarship Winners


 

Auto Essentials: Wheel important coverage

Bad roads cost the average Michigan driver $648 in additional car repairs every year according to TRIP, a national transportation research group. No surprise to you, only 32% of Michigan’s major roads are in “good” or better condition.

That’s why our Auto Essentials protection is essential. It covers:Road hazard repair bills are above and beyond the coverage provided by basic auto club membership, typically only offering replacement fuel, jump starts or basic lockout service.

  • Damaged rims and punctured tiresAuto Essentials
  • Flat tire and battery assistance
  • Towing
  • Key or remote replacement and lockout service
  • Windshield repair
  • Dent and ding removals
  • Automotive fluids and supplies

A Michigan driver logs more than 14,000 miles each year on average,* so it makes sense to protect your budget from unexpected repair costs with Auto Essentials. It costs as little as $57 a month with a three-year contract, even on vehicles not financed with us!

So important we’ll finance it
Finance the $694 annual premium for 12 months as low as 8.99% APR.**

Call our lending specialists at 800-328-8051, ext. 2407 or visit Auto Essentials for details. Restrictions apply.

*US Department of Transportation.
**APR = Annual Percentage Rate. APR shown effective 6/1/19, based on creditworthiness, and subject to approval. Restrictions may apply. Monthly payment per $1,000 borrowed for 12 months at 8.99% APR = $87.46.

 


 

President’s message

You and I already know the value of being a MCCCU member. We’ve helped many of you save money and be more financially secure.

But what about the people you care about? Is your brother paying high fees for everyday banking? Does your co-worker know where to find the lowest auto loan rates? And your best friend will thank you when they save money every month with our lower cost credit card!

This summer, credit unions across the country are participating in the Open Your Eyes campaign to spread the message of credit union value.

Please share the video below with everyone you know so they learn about the benefits of credit union membership. A mention from you about MCCCU goes a long way in helping them find their better financial path.

STEVEN P. ANDREWS
President/CEO

 


 

Get Pre-approvedPre-approval is the key to the perfect home

Make sure you’re ready to act when you find the right home with a free pre-approval! Pre-approvals show the seller you’re not only serious about buying their home, but more important, can get the funding! Let us arrange your pre-approval before you shop and so realtors know you mean business.

Start here or call us at 800.353.4449 to begin your application — there’s no cost to get pre-approved.

 

Mortgage Center NMLS# 282701. Equal Housing Lender.

 


 

RapidCashDon’t fall into the payday loan trap

Payday loans are notoriously expensive and it’s easy to get caught in an endless cycle of borrowing, repaying and borrowing again. These payday lenders charge 400% APR on average. That’s outrageous! Avoid the trap with our Rapid Cash loan.

  • Borrow up to $500
  • Just 18% APR*
  • No credit check required

Apply today by calling 800-328-8051, ext. 2407, or visit any branch.

 

*APR=Annual Percentage Rate. Applicant must be a MCCCU member for at least six months and have an aggregate monthly direct deposit equal to or greater than the loan’s monthly payment. Minimum loan amount = $200; maximum loan amount = $500. A $50 processing fee must be available in your account or paid by funds other than the proceeds of the loan. Rapid Cash loan cannot be combined with another MCCCU loan. Offer may be revoked at any time without notice. Restrictions may apply. Monthly payment for $500 borrowed for 6 months at 18% APR = $87.79.


 

Kids can be ID theft victims too

Children are targets for identity thieves because their accounts typically are not monitored closely, and it can be years before they learn their data has been compromised.

A recent study showed that 45% of respondents didn’t discover their identities had been stolen until they were 16 to 18. About half of them learned the hard way; by having trouble with negative items on their credit report when applying for a credit card, student loan or auto loan.

Here are steps parents can take to protect their children’s privacy.

Be careful about giving out their Social Security number
Not everyone who asks for it actually has a legal right to it.

Neither you nor your child should carry their Social Security number
Keep it in a secure location at home.

Teach kids not to give out their Social Security number online
“Free” offers can lure young adults into giving up information they shouldn’t.

Monitor your child’s credit report
Check it periodically as you would your own. Experian offers a free Child ID Scan, a one-time service that will show if there is credit activity on your child’s record.


 

“Free trials” can be traps

If it sounds too good to be true, you know the rest.
Remind yourself of that next time you consider accepting a “free trial offer.” Too many people have found such offers are not actually free, but are costly instead.

What to watch out for:

Hidden costs
You may be required to make a purchase before the free trial kicks in, or sign up for a year-long contract in which only the first month is free.

Your personal information
At best, you could start getting a flood of marketing emails. At worst, you could be giving an identify thief the key to your data.

Trying to cancel
It can be time consuming; remember, the company’s representatives are trained to make you change your mind about canceling. Here are a few classic examples.

Forgetting to cancel
Cancellation isn’t automatic after the promotion period; companies count on you forgetting to cancel so they get more payments from you.

Not every free trial offer is a scam. But research the vendor and consider if you really need the offer before you sign up.



Up to $100 in cash rewards from Sprint

Sprint is offering its best Credit Union Member Cash Rewards offer EVER!

Love My Credit Union rewards

Earn $100 per line in cash rewards for every new line you activate — and, for a limited time, this offer is available on UNLIMITED lines.

Just identify yourself as an MCCCU member when you open a new or add a line to an existing Sprint account. Start by registering here.

Your cash rewards will be deposited into your MCCCU account in six to eight weeks.

Already a Sprint customer?
Register now to receive a $100 loyalty cash reward every year starting one year after registration.

Take advantage of this limited time offer today! Visit LoveMyCreditUnion.org to learn more.

 


 

Federally insured by NCUA Equal Housing Opportunity

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