Most Americans spend hundreds, if not thousands, on holiday-related purchases each year. While you may have saved up extra cash throughout the year for your anticipated expenses, it can be wise to have a backup plan. Don’t let unexpected holiday expenses end up tanking your savings. A holiday loan can add financial security to your […] Continue…
As the leaves begin to change and the air turns crisp, fall brings more than just pumpkin spice lattes and cozy sweaters. It’s also the perfect time to reassess your finances, particularly your auto loan. Refinancing your car loan during autumn with Members Exchange Federal Credit Union (MEFCU) can offer significant benefits, potentially saving you […] Continue…
Credit unions, like Members Exchange Federal Credit Union (MEFCU), are pivotal in building strong, financially secure communities. As Investopedia explains, credit unions are not-for-profit, member-owned institutions that offer more than just banking services—they create an ecosystem that benefits the local economy and empowers individuals to take control of their financial futures. MEFCU’s focus on education, […] Continue…
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…
Investing wisely is crucial for achieving long-term financial goals, and as a member of Members Exchange Credit Union (MEFCU), you have access to numerous resources to help you succeed. This guide will explore effective ways to invest monthly, including high-yield savings accounts, IRAs, and other smart investment strategies to help you reach your financial objectives. […] Continue…
Stepping into the world of personal finance can feel like trying to find your way through a complex maze, especially when it comes to the nuances of interest rates. These rates are more than just numbers—they’re pivotal factors that shape our financial decisions, whether it’s choosing the right loan, managing credit card payments, or maximizing […] 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…