Right arrow chevron-right chevron-left
Closeup of a laptop keyboard with other devices nearby as well as classes, notebooks, and pens.

News

NCUA insurance image

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…

Glasses and social security card protect your identity

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…

man typing

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…

typing in numbers while holding credit card

How to Dispute Charges that You Didn’t Authorize

Unexplained charges on your credit or debit card can be very inconvenient to deal with. Paying close attention to transactions will help you to detect these discrepancies early so that you can dispute them as soon as you notice anything suspicious. We recommend that you take the following steps to dispute unknown transactions: Step 1: Verify […] Continue…

jar with coins spilling out

Emergency Fund VS Rainy Day Fund

Q: Do I need to have a separate rainy day fund and emergency fund? A: In an effort to simplify their money, people sometimes consolidate accounts. This is OK in many instances, but it’s important to remember that rainy day funds and emergency funds serve different purposes. Additionally, it’s important to have not just one, […] Continue…

Operation Warmth

We are partnering with WLBT to host a Coat Drive, Operation Warmth, for We Will Go. We will be accepting donations through January 6. You can drop off your donations at any MECU branch or We Will Go. Donation Items Accepting gently used or new… Coats Scarves Gloves Hats Shoes Socks (new only) Blankets Continue…

shopping window open sign

Shop Local on Small Business Saturday, and Every Day!

Mega e-tailers, like Amazon and Walmart, may monopolize online commerce, but it’s the small businesses across the country that keep the economy going. In fact, according to the Small Business Administration (SBA), the 28 million small businesses in America account for 54 percent of all sales in the country. Small businesses create jobs, build a […] Continue…

Two young women look worriedly at a laptop screen while one of them holds a credit card in the air.

Common Member Scams

Each year, fraudsters find new ways to trick people and financial institutions out of money. Whether its an imposter scam – impersonating a love interest, a grandchild, debt collector, etc. – or stealing someone’s identity, these fraudsters know how to pull it off. While some of these scams involve new tricks, many have been around […] Continue…

Federal Credit Union Act Celebrates 85 Years

Source: MyCreditUnion.gov The Federal Credit Union Act was enacted during the depths of the Great Depression, in 1934. The law enabled credit unions to be organized throughout the United States under charters approved by the federal government. The purpose of the federal law was to make credit available to Americans and promote thrift through a […] Continue…

Young man working on a tablet with pencil in hand.

Student Loans 101

You might approach your student loan the same way you approach those term papers: If you don’t think about them, they can’t really stress you out. Unfortunately, just like those papers you’ll eventually have to write, your student loan debt isn’t going anywhere. If you’ve borrowed the funds from a private lender, like [credit union], […] Continue…