Today’s Ask Jack question explores the rate environment, and how Members Credit Union sets its rates. Why when the Federal Reserve has hit historical low lending rate of 1% that the credit union raises their lending rates CAR 6.25% Best vs last months of 6.0% and the unsecured credit line 12.5% vs last months 11.75% [...]

I recently received two questions with a similar theme: My 403 b is losing money. i am putting in the max. amount right now w/ employer matching. am i better off leaving this alone or should i not put in the minimum and put the rest in cd’s? does the match make up more than [...]

  Jack, I am currently an MEMCU member and would like to ask a question. Why does MEMCU have a separate ATM and VISA Debit card and not the combined ATM/ VISA Debit like SECU does?   William L.  — William, Thank you for your question! Transparency in our decision-making is extremely important to Members [...]

Members Credit Union has a big announcement to make! Today we are launching our own economic stimulus package for our members – one we call the Holiday Skip-a-Pay Program. When times get tough for our members, we notice…because we’re members too. So, this November and December, we are going to allow members to delay their [...]