Although Yogi Berra spoke the immortal words “It ain’t over till it’s over” in 1973, he just as well may have been talking about the credit crisis that began in the summer of 2008. Americans are desperately searching for signs that the worst of this recession is behind us.
Recent gains in the stock market, an [...]

When I started this blog last year, I had no idea what kind of response it would get from members. Would people visit? Would they comment? Would this turn into a center for discussion, or a public complaint board? No matter what I encountered, I reasoned, this little piece of the internet could be considered a [...]

Today’s “Ask Jack” question comes from Judy in Lenoir, NC:
“Does Members Credit Union award college scholarship money. If so, how do we apply?”
- Judy, Lenoir
Thank you for your question, Judy! This gives me the perfect opportunity to discuss one of my favorite service initiatives.
Members Credit Union’s Scholarship Program was established in 1996 to help [...]

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% it [...]

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 the [...]

 
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.

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William,
Thank you for your question! Transparency in our decision-making is extremely important to Members Credit Union. We appreciate this opportunity to [...]