Planning for retirement is a critical step towards ensuring financial security in your golden years. Members Exchange Federal Credit Union (MEFCU) offers a variety of Individual Retirement Account (IRA) options designed to help you save effectively and take advantage of valuable tax benefits. Let’s explore the basics of IRAs, compare them to 401(k) plans, and […] Continue…
In 2024, financial scams are more sophisticated and prevalent than ever. With the rise of digital transactions and the increasing use of technology, it’s crucial to stay vigilant and informed about potential threats. At Members Exchange Federal Credit Union (MEFCU), we are committed to helping our members protect their financial well-being. This guide covers various […] Continue…
Spring is in the air, and what better time to freshen up your finances? Just like decluttering your living space can bring a sense of renewal, taking the time to tidy up your financial house can lead to greater clarity, peace of mind, and even savings. Here are some comprehensive tips to help you spring […] Continue…
Introducing Members Exchange Federal Credit Union (MEFCU) Welcome to Members Exchange Federal Credit Union (MEFCU), where community, ownership, and exceptional service intersect. Formerly known as Members Exchange Credit Union (MECU), we’ve recently transitioned to a federal credit union to better serve our members’ evolving needs. As a not-for-profit financial cooperative, MEFCU is owned and operated […] Continue…
Life is full of changes, and as we navigate through milestones such as marriage, the birth of children, or the loss of loved ones, it’s crucial to ensure that our financial affairs reflect our current wishes. One often overlooked aspect of financial planning is keeping beneficiary designations up to date. At Members Exchange Federal Credit […] Continue…
Annual Meeting Day 2024 Mark your calendars now and plan to attend the Annual Meeting Day scheduled for March 7, 2024. Come by any branch location between 9 a.m. and 5 p.m. to obtain a copy of the 2023 Annual Report. There will be refreshments, giveaways, and cash door prizes! All door prize entries will […] Continue…
Welcome to the Members Exchange Credit Union (MECU) blog, where we delve into the innovative world of Kasasa Cash Checking—an account that’s revolutionizing the way our members engage with their money. For 70 years, MECU has been a steadfast partner in helping individuals manage their finances. Kasasa Cash is a checking account that does more […] Continue…
Let’s face it. It’s hard to find a checking account that truly aligns with your needs. And, when you do, it’s like discovering a gem. Enter Members Choice Checking at Members Exchange Credit Union (MECU) — not just a checking account but a financial companion designed to simplify and enhance your banking experience. Navigating Financial […] Continue…
The federal student loan payment pause that began in the early days of the COVID-19 pandemic has officially come to an end. Federal student loan interest resumed on September 1, 2023, and loan payments restarted on October 1, 2023. This development, while anticipated, can still pose financial challenges for many borrowers. If you’re among those […] Continue…
Home renovations are an exciting way to transform your living space, add value to your property, and make your house feel more like home. Whether it’s a kitchen upgrade, a bathroom makeover, or an extension to accommodate a growing family, these projects often come with a hefty price tag. This is where a Home Equity […] Continue…