Regrettably, the possibility of "getting scammed" has become an all too familiar concern. Usually, due to personal experience, it has become nestled into the subconsciousness of our "adult" minds to tread cautiously. Unfortunately, however, an equally if not more disturbing occurrence is growing that we all must be aware of. These "scam artists," otherwise known as "criminals," are now, more than ever, targeting our kids, teens, and young adults. "Why?" you may ask. Well, one reason could be that it takes our youth longer to recognize and report the scam. AARP has reported that "Resolving child ID fraud took families an average of 13 hours, longer than when adults are victimized." In addition, the FBI reported that 14,919 scam incidents were reported by people under 19 in 2021, totaling a $101.4 million in loss to the teens that actually reported them. One can only imagine the true total, including those who did not report such fraud due to possible embarrassment or the risk of getting "in trouble" by their parents.
So, what can we do to guard our kids, teens, and young adults? First and foremost, is to educate kids on common scams and things that they should do to protect themselves. The more our kids are made aware, the more empowered they will be and the less likely they will fall into such scams!
We have highlighted two of the most common scam-related areas criminals target in gaining our students' personal information and money. Please continue to read the following for some resourceful insight that you can share with your kids. It is our sincerest hope the following takeaway will aid our kids, teens, and young adults and make them that much wiser as they head off to school or go online!
For many, the "college experience" has been worked hard for, meditated on, and been the driving force in persevering through "hard times." So, the fact that criminals are scamming our young adult "kids" looking to afford college is nothing short of sickening. But, again, knowledge is power, and we hope the following will help guard you and your future college student(s) against any falsehoods that may be lurking. So, their college experience, from start to finish, is nothing short of amazing.
- Scholarship and Financial Aid Scams - Sadly, scholarship and financial aid scams are an all-too-common trend. With the high price tags of schools, applying for multiple scholarships and financial assistance is not uncommon for those looking to attend college. And shamefully, scammers are looking to take advantage of this. Often, a scammer will call pretending to provide your student with financial resources. When doing so, the scammer will claim to need personal information and a bank account number to "deposit money" into the account. According to The National Credit Union Administration, "If you get a phone call from someone claiming that they need information to process an application, disconnect the call immediately. It's completely unnecessary for a legitimate scholarship provider to ask you to provide a credit card, bank account or social security number."
- Fraudulent scholarship websites - Unfortunately, some scammers will set up fraudulent websites for those looking to purchase textbooks, apartments, or moving services, just to name a few. In doing this, the scammer is looking to collect email addresses, payment information, or other personal information for their own gain, leaving you with nothing in return.
Ways to avoid this from happening to your college student:
- Refrain from making online purchases without validating the website and checking online reviews.
- Check to see if the company is listed with the Better Business Bureau.
- Ensure the company has an actual physical address and phone number.
- If possible, get a referral from family or friends.
- Paying for a Financial aid service - With deadlines and paperwork required for college entry and finding financial assistance, many can get overwhelmed and look for help in doing so. However, be careful! Many supplying this "service" will charge well over $1,000 for actions that the student or their family can complete for free! The FASFA is available and accessible for all to fill out for financial aid. Click here to find out more. In addition to this, you must be careful and do your research before trusting to hire for this task. Some scammers will use false information to fill out your applications for "more funding." If this happens, you could find yourself in a mess of trouble; any false information found on your FASFA could result in fines up to $20,000 and/or jail time!
The following are some "Do's" and "Don'ts" provided by the FTC when preparing for college and looking for financial aid and scholarship assistance.
- Fill out the free FAFSA form to apply for financial aid. (It's the most crucial step you can take to get financial aid.)
- Never pay anyone to fill out or process your FAFSA. That's probably a scam.
- Talk with a guidance counselor (if you're in high school) or the financial aid office (if you're in college) about your financial aid and scholarship options.
- Never pay at a seminar on how to get financial aid or scholarships. Especially if they pressure you to pay. That's probably a scam.
- Do your research before you pay anyone for help with financial aid or scholarships.
- Share these ideas with others looking for financial aid, too. You can help them avoid a scam.
As well, take a moment and visit the Federal Student Aid website provided by the Office of the US Department of Education. They provide free resources to help find funding for college.
Although many use social media platforms for positive reasons, others can take advantage and ruin that positive experience, making it turn negative quickly. According to the Federal Trade Commission (FTC), "More than one in four people who reported losing money to fraud in 2021 said it started on social media with an ad, a post, or a message." (Please click here for more information and statistics on social media fraud from the FTC.)
Unfortunately, with this, anyone is susceptible, no matter the age. Still, with the rise of kids, teens, and young adults on social media, they have unfortunately been a primary target for scammers to hone in on. Even the most tech-savvy teens and young adults have fallen victim. The following are some examples of how.
- Fraudulent Social Media Profiles - Unfortunately, this is a common scam to be aware of. There are many scammers known to create fraudulent profiles. This could be a family or friend they think they may already follow or know. This can quickly and deceitfully gain the teen's trust and, often, gain the personal information they need.
- Social Media Influencers (Sadly, there are two parts to this category.)
- "Someone" will casually glide into their direct messages and "offer" (what your child thinks is an exciting opportunity) to become an "influencer." They are giving false promises of sending your teen their products to use and promote. Sadly, your teen is left with nothing except the possible turmoil of identity theft in exchange for the personal information they have just given away.
- Another little-known fact to make our kids aware of… social media "influencers" get paid for the products they promote. Many influencers promote a product just to get paid without first validating the product. The age-old saying still rings true, "Don't believe everything you hear!" Review, dig and do your own research first.
- Fraudulent advertising - Ready for this? Many social media platforms do not verify their advertisers! Therefore, you think you are being forwarded to a website to buy all your favorite brands only to be on a "duped" site!
Provided below, we have included some ways you can help protect your kids from social media fraud:
- Check your child's privacy settings on their social media accounts. For recommendations and how-tos, click here.
- Set positive online examples for your children by practicing safe online behaviors yourself.
- Limit and monitor the use of social media and messaging platforms.
- Platforms that allow users to direct/private message (DM), friend, or follow other users via public search pose the most significant concern.
- Always buy directly from the official website for the product you see on social media and are interested in.
- (Google has designed a website check safety tool! Check it out here.)
We also recommend you take a moment and check out some of the safety precautions the following social media platforms have provided. To view, please click on each name YouTube, Facebook, Instagram, TikTok, Twitter, and Snapchat.
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If you or your child are off to college soon, or already there, and you need some extra financial help, consider a Private Student Loan from Sallie Mae® and MCCU!Continue Reading "Need Help Paying for College? Consider a Private Student Loan" »
Scammers are trying very hard to defraud people of their hard-earned money. Read on for the latest social security scam and learn how to avoid becoming a victim.Continue Reading "Beware of the Latest Social Security Scam" »
Is the beach calling? Are the kids carving mouse ears out of soap? It’s vacation time! We want to help you make your dream trip a reality!Continue Reading "3 Ways Your Credit Union Can Help Fund Your Summer Vacation" »
Shopping for a new car? You’ll have as much fun picking out the features as the vehicle. We’ve got lists of all the most important options to help you make your picks!Continue Reading "Which Features Should I Look for In a New Car?" »
Ready to get some home improvements done? Watch out for scams! They’ll take your money and leave you without a roof over your head. We’ve got all the info!Continue Reading "8 Ways to Spot a Home Improvement Scam" »
If you own a home, you may have equity in it (your current property market value minus your mortgage balance and any other liens you may have on your home). Find out how you can use that equity, at a very low cost.Continue Reading "4 Ways to Use Your Home's Equity" »
When you start college, credit card companies start hitting your student mailboxes with multiple credit card offers. Unfortunately, many students accept these tempting offers, use the cards enthusiastically, and then find themselves – even before they graduate – way over their heads in debt.Continue Reading "College Students: Be Smart About Credit Cards" »
We all want what's best for our kids - and that includes financial smarts. Read on for some tips to teach your kids how to be money smart!Continue Reading "Raise Money Smart Kids" »
Congrats—you’re ready to purchase your first car! The process can be daunting, but we will walk you through it. Follow our guidelines for a stress-free ride!Continue Reading "Buying Your First Car" »
Your credit score is so important. Without it, you wouldn't be able to get a loan when you need it, and more. That's why it's so important to protect it. Read on for important information regarding a recent scam that uses your score to gain your personal information.Continue Reading "Be Aware of Credit Score Scams" »
Are you thinking about refinancing your mortgage? Rates are low right now, but there’s a lot more to think about than just that. Get the info before you decide!Continue Reading "Mortgage Rates are Dropping - Should I Refinance?" »
You don’t need to spend a fortune to give your house a new look this spring. Read on for a list of home improvement hacks and learn how to upgrade your home on a budget.Continue Reading "Home Improvement Hacks" »
The FTC is warning of a surge in tech support scams, many of which can be difficult to spot. Read on for more information.Continue Reading "Beware of Tech Support Scams" »
Car owners typically refinance for one of three reasons: to lower monthly payments, to save on interest charges, or to get cash to cover an expense or help manage other debt. To determine whether refinancing makes sense for you, take a good look at your current loan and financial picture.Continue Reading "How Can Refinancing My Car Benefit Me?" »
Spring is here! Time for some spring cleaning of your finances! From getting rid of debt to getting your savings on track, we’ve got tips to help!Continue Reading "5 Ways to Spring Clean Your Finances" »
When it comes to installing solar for your home, we know you have many choices for financing. When you finance with MCCU, you'll enjoy low rates and much more.Continue Reading "Choosing the Best Financing Option for Solar" »
If you’re thinking about purchasing your first home, you may feel overwhelmed or confused on where and how to start. What are the first steps? Who should you talk to first? What professionals should you use?Continue Reading "How To Start The Homebuying Process" »
Does life just seem too expensive? You might be living beyond your means. We’ve got 7 ways to tell if you are, and tips to help you get your money back in line!Continue Reading "7 Signs You're Living Beyond Your Means - And How to Fix Them" »
Wishing you didn’t have to write another check to pay your utility bill, gardener, or homeowner’s association? We’ve got the solution that saves you time and money—online bill pay.Continue Reading "4 Reasons to Use Online Bill Pay" »
Personal loans are a low-cost alternative to credit cards or other high-rate loans. If you've got bills you want to consolidate, or an emergency arises that you don't have the savings for, a Personal Loan with MCCU may be your solution.Continue Reading "Personal Loans: Keep Your Borrowing in Check" »
Auto insurance is required in most states. It makes sense to protect your investment and yourself and others in the event of an accident. But what happens when your car just stops working or something breaks? Those situations aren't covered under traditional auto insurance, but can be costly and inconvenient none-the-less.Continue Reading "Mechanical Breakdown Insurance (MBI): What Is It and Do I Need It?" »
Fixed rates or adjustable rates? What’s the difference between these terms and how do they affect you? It’s a question you may be asking as you begin thinking about your home loan process.Continue Reading "The Difference Between a Fixed-Rate and Adjustable-Rate Mortgage" »
If you’ve got student loans, there are scam artists looking to take advantage of you while offering to help. We’ve got all the info you need to steer clear!Continue Reading "Watch out for Student Loan Scams" »
Looking for a new auto insurance policy? We've got tips to help you with the process!Continue Reading "7 Steps To Purchasing an Auto Insurance Policy" »
Lost in the homeowners insurance maze? Balancing coverage with premiums and deductibles can make your head spin. We’ve got tips to help!Continue Reading "Your Complete Guide to Homeowners Insurance" »
When you get to college, you start getting hit with multiple credit card offers. Read on for some tips to manage your credit wisely.Continue Reading "College Students: Be Smart about Credit Cards" »
Want to get out of debt? Who doesn’t? You can take small steps that add up to big interest savings and earlier repayment. We’ve got the info!Continue Reading "5 Ways to Pay Off a Loan Early" »
Unless you have an electric car, you are shelling out a lot of money for gas. Don't fret - we've got some tips to help you ease the pain at the pump.Continue Reading "Top 5 Fuel Economy Tips" »
If you’re a renter, you need insurance! It can replace your stuff, pay your living expenses and much more. Get all the facts here.Continue Reading "Your Complete Guide to Renter's Insurance" »
There are some huge changes to the tax code for 2019. Your deductions, retirement, credits and much more are different. Get the info!Continue Reading "2019 Tax Code Changes" »
Scammers are everywhere, but during tax time, they find creative ways to try to take advantage of people. Read on for information on the latest tax scams and learn how to avoid them.Continue Reading "Beware of the Latest Tax Scams" »
Students and their families have plenty of options to consider when it comes to paying for college tuition. From scholarships to grants to loans, filling the gap can be a confusing proposition. Before deciding what options are right for you, there are a few important tips to keep in mind.Continue Reading "College Scholarships, Grants and Loans - What do they Cover?" »
Found your dream home? Don’t sign anything until you have an inspection! It’ll save you money, heartache and even avoid safety hazards. Read our tips!Continue Reading "7 Reasons Not To Skip a Home Inspection" »
Do you know what your credit score is or how it's used? Read on for valuable information on how your credit score affects you.Continue Reading "How Your Credit Score is Calculated" »
Are you or someone you know on a high-deductible health plan? If so, you may be able to take advantage of the benefits of a Health Savings Account (HSA).Continue Reading "The Benefit of Opening a Health Savings Account" »
Buying a home is a huge undertaking, but one that is rewarding and exciting. Whether you're buying your first home, moving to a bigger home, or even downsizing, there are several factors to consider.Continue Reading "5 Things to Consider Before Buying a Home" »
Consumers are sometimes faced with taking steps to repair tarnished credit. Here are four steps to help make that happen.Continue Reading "Video: 4 Steps to Credit Repair" »
Do you have money saved in case of an emergency? Rainy day and emergency funds are a must, and we have tips to help you set them up and feed them!Continue Reading "Do I Need an Emergency Fund and a Rainy Day Fund?" »
Want to make money online? Who doesn't? From taking surveys to being a consultant, we’ve got several ways to fill your wallet from your keyboard!Continue Reading "6 Ways to Earn Money Online" »
It's a new year and now is the time to think about your financial goals. Read on for some helpful tips!Continue Reading "Financial Goals for the New Year" »
If you’re realizing that your 20s are behind you and the party is over, we’ve got ways to get your money life back in order for your future!Continue Reading "6 Financial Mistakes People Make in Their 20s" »
Happy holidays! We’ve got great tips on how you can make the most out of your holiday break time while still having plenty of fun.Continue Reading "Making the Holidays Count" »
New Year's Resolutions don't have to be about losing weight or finding love. They can be all about your finances too! Set up some realistic goals for yourself for 2019 and have a financially happy 2019!Continue Reading "New Year's Resolutions for 2019" »
Having a good credit score means you'll have access to better interest rates when you need a loan. We've got tips to help you improve your score!Continue Reading "5 Ways to Improve Your Credit Score" »
Don’t let holiday scams spoil your happiness! We’ve got warnings that will help you steer clear of all the naughtiest crooks looking to ruin your joy!Continue Reading "7 Scams to Watch Out For This Holiday Season" »
Learn about important tax changes, plus as a MCCU member, you can save money on TurboTax products!Continue Reading "Tax Reform 101: 5 Reasons You Should Start Planning" »
Inheriting an IRA can have a host of tax implications and brings a ton of requirements. We’ve got quick guide to help you make best use of your new IRA!Continue Reading "What You Need to Know About Inheriting an IRA" »
As a MCCU member, you have access to discounted Estate Planning services, prepared by experienced attorneys. MCCU has partnered with Affinity Trusts to offer members a quality estate plan.Continue Reading "Do You Need an Estate Plan or Living Trust?" »
Is holiday shopping turning your happiness into a lump of coal? We’ve got tips to keep your debt load low and your spirits high this season!Continue Reading "How Should I Fund My Holiday Shopping?" »
Help fight SocialSecurity scams! Tell anyone collecting benefits to beware of calls and emails “from” SSA, and to never give out personal info. Read our tips!Continue Reading "Don't Be a Victim of a Social Security Scam" »
Your shopping list is a mile long. Your social calendar is jam-packed. Your patience is wearing thin, and your budget is stretched to the max! If your holiday mantra is “Bah humbug” rather than “Ho ho ho,” try these tips to reduce your stress and enjoy the season.Continue Reading "Reduce Your Holiday Stress" »
Online shopping can eat up your budget if you’re not careful! We’ve got plenty of info on how retailers trick you into spending and how to beat the game.Continue Reading "Why Do I Spend So Much Money Shopping Online?" »
You’ve won the lottery! Or have you? Fake check scams are back in a big way, but we’ve got the tips you need to steer clear of the scam!Continue Reading "Fake Check Scams on the Rise" »
Selling your home this holiday season? Staging your home can increase the likelihood of a sale, and attract more potential buyers. Read on for some tips to help you successfully stage your home during the holidays!Continue Reading "5 Tips for Staging Your Home to Sell During the Holiday Season" »
With the holidays around the corner, you’ll probably be using your debit card more frequently for purchases. Scammers know that there will be more frequent use, so we want to offer some tips to help avoid the hassle of having your card compromised.Continue Reading "Prevent Debit Card Fraud: Steps You Can Take to Keep Your Card and Account Safe" »
Thanksgiving doesn't have to chew a hole in your budget! We’ve got great tricks to cut costs dramatically.Continue Reading "7 Ways to Save on Thanksgiving Costs" »
Parents want their kids to have the best holiday ever, and that sometimes means getting them everything on their holiday shopping list. But how can you balance giving them what they want and not breaking the bank? We've got some helpful tips to do just that!Continue Reading "How Not to Bust Your Holiday Budget" »
If you're in the market for a new home, or a refinance, be cautious of scams that do happen. Read on to learn about some of the most common ones to look out for.Continue Reading "3 Mortgage Scams and How to Beat Them" »
Headed home for the holidays but strapped for cash? We’ve got tips to help you go in style!Continue Reading "Holiday Hacks for Traveling College Students" »
Single parents face the same budget and finance issues as couples, but they go it alone. We’ve got tips to help you get control.Continue Reading "Financial Tips for Single Parents" »
Saving money for a rainy day is a smart idea. But how can you do that on a limited budget? We'll show you some tips on how you can save and how much you should be saving!Continue Reading "Video: How Much Should I Save?" »
Even though Summer is over, now is a good time to put into place good energy-saving habits.Try these simple steps to get your bill under control.Continue Reading "Creative Ways to Save on Energy Costs" »
Do you know how much money you have to spend on clothing, vacations or even your weekly Starbucks run? With a good budget in place, you'll ensure you won't overspend and leave yourself in a financial bind.Continue Reading "Video: What is Budgeting and Why Is It Important?" »
If you’re buying a new home, you’ll want to read our alert about a scam that could cost you big. Get the info on avoiding mortgage scams!Continue Reading "Beware of Mortgage Fraud" »
Credit card balances, personal loans, student loans and more – anyone with debt knows it can get overwhelming. Read on for some helpful tips to consolidate your debt and pay it down faster!Continue Reading "When Debt Consolidation Can Be a Good Move" »
Do you have children ready to start college soon? It's almost October 1st and that means it's time to fill out your FAFSA (Free Application for Federal Student Aid) to get some help paying for college!Continue Reading "It's Financial Aid Season: 5 essential FAFSA tips " »
Find out some easy tips to save up for a down payment for your next home!Continue Reading "How to Save for a Down Payment on a Home" »
Looking for a safe place to put your hard-earned money? MCCU is offering a special high-rate Certificate that is federally insured, and can offer you a fantastic return.Continue Reading "Fall Into Great Savings at MCCU!" »
Online blackmail is back, and the scammers want your money! They’ve got old data to scare you with, but with our tips, you’ll stay out of their clutches.Continue Reading "Beware of the Latest Online Blackmail Scam" »
Buying a home is thrilling and exciting and terrifying all at once. Add in the fact that you haven’t sold your current home, and there are many more moving parts to your transaction. In a hot real estate market, sometimes you have to jump in and make an offer before you’re quite ready (or able) to sell your current home. If you have a hefty savings account and income sufficient to qualify for both of your mortgages, it might not be a problem, But for millions of homeowners, this scenario requires a different solution.Continue Reading "Bridge Loans: Looking to Buy While You Are Selling?" »
New car or used? It’s a tough decision, with advantages and disadvantages on both sides. Let us help you with our handy guide, and great credit union financing!Continue Reading "Q&A: New Cars vs. Used Cars" »
Nervous about buying a used car? Avoid the horror stories with our tips on everything from finding your ride to checking it out and closing the deal!Continue Reading "All You Need to Know About Buying a Used Car" »
Money Market (Savers Plus) accounts are a great way to let your money grow faster than it will in a regular savings account while still having access to it! Keep a minimum balance and stick to a specified number of withdrawals per month and you’ll see much higher interest rates. At MCCU, your account is insured by NCUA up to $250,000, and you can access your funds easily!Continue Reading "5 Reasons to Open a Money Market Account" »
MCCU was recently voted Best Auto Loans in the Los Angeles Daily News Readers Choice Awards.Continue Reading "MCCU Voted BEST Auto Loans!" »
MCCU has a great alternative to traditional CDs and share certificates. Get the facts on Flex Certificates and update your financial picture today!Continue Reading "What is a Flex Certificate?" »
Does that free trial sound too good to be true? It probably is! Learn about the latest scams and how to keep your info safe!Continue Reading "Don't Get Caught in a Free Trial Scam" »
Should you refinance your home before retirement? If you pick the right mortgage, you can reap significant rewards! We can help!Continue Reading "Should I Refinance Before I Retire?" »
Do robocalls annoy you? Tired of being pestered by robots trying to sell or scam you? Take action! We’ve got tips to keep your phone robocall-free!Continue Reading "What Can I Do About Robocalls?" »
Everyone loves to save, especially on products and services you use every day. That's what Love My Credit Union Rewards is all about. Members have saved nearly $2 billion in discounts from valued partners through Love My Credit Union Rewards. You can save too with valuable discounts from these partners:
- Get a $100 cash reward for each new line you activate with Sprint, up to 3 lines. Plus, get a $50 cash reward every year for as long as you are a Sprint customer.*
- Save up to $15 on TurboTax federal products!
- Get an exclusive smoke communicator and a $100 gift card with a new ADT monitored home security system. Call 844-703-0123 to activate this special offer.
- Get trusted protection at true savings with the TruStage Auto & Home Insurance Program.
- Shop and get cash back at over 1,500 online retailers with Love to Shop.
To find out more and learn about other valuable discounts, visit LoveMyCreditUnion.org. You get all these offers and discounts just for being a MCCU member! Share this great member benefit with your friends and family!
*Limited time offers. Activ. Fee: Up to $30/line. Credit approval req. Cash Reward Offers: Avail. for eligible credit union members & member employees with qualifying corp. id. (ongoing verification). $100 Cash Reward for new smartphone line activ. up to 3 lines. Req. activ. at point of sale. Excludes CL, MBB devices, tablets, Sprint Phone Connect, upgrs., replacements & ports made between Sprint entities or providers associated with Sprint. Limit one SWP Corp ID per Sprint acct. No add’l. discounts apply. Loyalty Reward: $50/line/yr. Cash Reward up to 3 lines when Sprint acct. remains active and in good standing each yr. Transfer Reward: Members participating in another discount program are eligible for a $50 Cash Reward for up to 3 smartphone lines transferred to Cash Reward program. Deposit: Cash Reward issued by CU Solutions Group. Sprint acct. must remain active and in good standing for 31 days to receive Cash Reward. Allow 6-8 wks. for Cash Reward to be deposited to your Credit Union acct. If the Cash Reward does not appear after 8 wks., visit lovemycreditunion.org/sprintrewards & click on “Cash Rewards Tracker”. Other Terms: Offer/coverage not avail. everywhere or for all phones/networks. May not be combinable with other offers. Offer, terms, restrictions, & options subject to change & may be modified, discontinued, or terminated at any time without notice. Restrictions apply. © 2018 Sprint. All rights reserved. Sprint & the logo are trademarks of Sprint. Other marks are the property of their respective owners.
You work hard for your money. That’s why we want to give you the best return we can! Open an 18-Month Certificate for your regular or IRA money and earn 2.50% APY1! With only $1,000 needed to open, you can’t go wrong with this federally insured Certificate!
Want a different term? Check out our other Certificate options!
1 APY=Annual Percentage Yield. Rate as of 7/26/18 and is subject to change. Membership required to open Certificate account. Penalty for early withdrawal. Dividends are compounded and paid monthly. Fees may reduce earnings. Certain State and Federal penalties may apply to IRA accounts, please consult your tax advisor. See disclosures for special features and requirements. Each member account is federally insured up to at least $250,000 by the NCUA, a US Government Agency.
Starting your child on the right financial path will help them to grow into financially responsible adults. At MCCU, we want to help. That's why we offer Youth Savings accounts!Continue Reading "Help Your Child Open Their First Savings Account" »
Want to refinance your mortgage or get a new loan? Find out more about our Mortgage Loans today!
Time to fix up your home? Before you take out a personal loan or run up a credit card, check out home equity lines of credit. A HELOC might be just the thing!Continue Reading "What's the Best Way to Finance a Home Renovation?" »
Credit cards affect your FICO score, but how many should you have? The answer is kind of twisty, but we’ve got tips to help boost your scores!Continue Reading "How Many Credit Cards Should I Have?" »
Using your debit card at the pump can leave you open to skimming. We’ve got helpful tips to keep you clear of the crooks!Continue Reading "Look Before You Pump: Don't Get Scammed at the Gas Station" »
Before you sign off on a big purchase, it’s a good idea to think it through. We’ve got some tips to help you get the most for your money!Continue Reading "7 Questions to Ask Yourself Before Making a Large Purchase" »
Does it make more financial sense to take the 0% financing or the rebate when I'm shopping for a car? Read our latest blog post to find out!Continue Reading "Zero Percent Financing: What You Should Know Before You Shop" »
Want to make your home energy smart? Read on for some valuable tips! And, get information on our Home Energy Loans!Continue Reading "8 Steps To An Energy-Smart Home" »
You need a loan! There’s a million easy cash offers out there, and a lot of them are scams. Let us help you spot the fakes!Continue Reading "7 Ways to Spot a Loan Scam" »
It’s your wedding day! Can you save money on everything that goes with it? Absolutely! We’ve got tips and tricks to make your Special Day a bargain!Continue Reading "Getting Married? Here are 5 Ways to Budget for Your Wedding!" »
Take some of the cost out of student life with huge student discounts from companies like Amazon, Microsoft and Adobe. Who says you can’t catch a break!Continue Reading "Student Discounts!" »
Heard of smishing? It’s just like phishing, but with text messages. Be careful or you’ll text away your identity! We’ve got all the info!Continue Reading "Learn About the Latest Scam: Smishing" »
Opening a youth savings account for your child and helping them learn the ins and outs of personal banking teaches them, from a young age, how to be smart with their money. Watch this video to learn more, and find out how a MCCU youth savings account can help!Continue Reading "Video: Why Your Child Should Have a Youth Savings Account" »
Your debit card is a great way to pay, but be smart about where you use it! A little caution can go a long way to protect your financial information.Continue Reading "Debit Card Safety" »
Ah, June! Summertime, and the shopping is easy! We’ve got the insider info on what to buy and what to skip in summer’s first month.Continue Reading "Money Tips: What to Grab and What to Skip in June" »
We want our kids to be money savvy. Our latest blog post offers tips for conversation starters and more for you to teach your kids money skills!Continue Reading "Saving Smarts - Teaching Kids Smart Money Management" »
Want to refinance your house? It can save you thousands, but be sure you’re doing it for the right reasons. Our guide will help you decide!Continue Reading "Should I Refinance My Home Mortgage?" »
Looking to freshen up your kitchenContinue Reading "4 Ways to Bring Your Dream Kitchen to Life" »
Scammers demanding access to your computer to “fix” problems are on the prowl. Find out how to identify the fakes and keep your data safe!Continue Reading "Beware of Tech Support Scams" »
Did mom teach you to be thrifty? Show her you were paying attention with a thrifty Mother's Day celebration. Show your love AND your good sense!Continue Reading "Mother's Day Savings" »
Are you a Veteran? Read on for a look at the benefits of these underused and misunderstood loans.Continue Reading "Dispelling Myths and Misconceptions About VA Loans" »
Identity theft is one of the most nefarious crimes out there. Read on for seven ways to help protect yourself.Continue Reading "Protect Yourself from Identity Theft" »
Social media scams are the biggest online threat today, and you can get buried under fake friend requests, bogus links and other cheats. Read our tipsContinue Reading "Be Aware: Social Media Scams " »
Got your tax refund? You might be tempted to spend it all, or maybe your friend needs a loan. We’ve got some better ideas!Continue Reading "How Should I Use My Tax Refund?" »
Get pre-approved for a MCCU Car Loan now!
Want to skip the Dealer trip? Shop for your new car now with Autoland!
Contrary to what most people think, you do NOT need 20% down to buy a house! See our tipsContinue Reading "Buying a Home: The 20% Down Myth" »
College can be fun, but it’s also time to prep for the real world! Read our tips and you’ll be a big step ahead when it’s time to graduate and go job hunting!Continue Reading "5 Things to do Today to Help Your Future" »
Got a money emergency? From personal loans and credit cards to 401(k) loans and borrowing from family, you’ve got options … but choose carefully!Continue Reading "How To Fund an Emergency" »
Don’t let spring cleaning get you down! You can sell your excess stuff of all types to make some extra cash after you clean. We’ll show you how!Continue Reading "7 Ways to Spring Clean for Extra Cash" »
Interest rates on everything from credit cards to mortgages are on the rise, but at least your savings will earn better returns! Get the facts!Continue Reading "Rising Interest Rates" »
Fed up with fees and poor service? Looking for great service and better rates on loans and deposits? Join a credit union!Continue Reading "Why Choose a Credit Union?" »
If you’re getting ready to sell your house, we’ve got 12 tips that will help you get a buyer quickly and sell for a great price! You’ll be closing in no time!Continue Reading "A Dozen Tricks To Sell Your Home Quickly" »
Medical identity theft is the latest threat to your finances. Scammers get your Medicare or insurance information and wreak havoc! We’ve got tips to stay safe.Continue Reading "Protect Yourself from Medical Identity Theft" »
Is it time to remodel your kitchen? We’ve got tips that can save you thousands of dollars and still leave you with the gourmet enclave of your dreams!Continue Reading "Saving on Home Renovations" »
Monthly budgeting is a necessary evil, but the envelope system can make it easy! Split up your money, spend carefully and don’t cheat and you’ll do great!Continue Reading "How To Use the Money Envelope System" »
One of the most fundamental financial lessons your kids are going to have to learn is about how you work for your money.Continue Reading "Teaching Kids About Working for Your Money" »
Are you confused about all the taxcode changes this year? Ready to file your taxes but worried about making mistakes? Rest easy! We’ve got a rundown on all the changes!Continue Reading "What Were the Actual 2018 Tax Changes?" »
Is graduation coming soon for you? With college ending, it’s time to start your job hunt. We’ve got #tips!Continue Reading "What To Look For In Your First Job" »
Ready to talk about money with your partner? It doesn’t have to be a fight! Use our tips to make it friendly, productive and simple.Continue Reading "How to Talk Money With Your Partner" »
Do you have young children or grandchildren? Have you talked to them about money and finances yet? It's never too early!Continue Reading "7 Easy Ways To Give Your Kids A Financial Education" »
KTLA Weekend News Anchor Chris Burrous talks about his visit to MCCU and more!
Wondering about share secured loans? Here’s all you need to know about this unique product that can provide a low interest rate plus credit building and repair.Continue Reading "FAQs About Share Secured Loans" »
Imagine skipping a day of class, then coming into the next session and seeing a test. You open the packet and see what appears to be gibberish staring back at you. Everyone else around you seems to have a perfect grasp of what’s going on, but you’re just stumbling in the dark.Continue Reading "Donâ€™t Panic: Filing Taxes As A College Student" »
The process of a child leaving home is a major milestone that is made extra complex because of the emotions it generates. The reality, though, is that there are some very concrete things that can be done to smoothe this transition.Continue Reading "Ready, Set, Go.... to College!" »
If you're on a high-deductible health plan and want to get a possible tax break, you should consider opening a Health Savings Account (HSA). It allows you to make tax-deductible contributions, and the earnings in your account grow tax-free.Continue Reading "What is a Health Savings Account and Can I Open One?" »
Don’t let a new appliance drive your power bill up! We’ve got tips to help you pick the right one for your needs!Continue Reading "Energy Saving Tips â€“ What To Look For When Buying New Appliances" »
Tax time is here! And reports of scams are rising. Make sure you and your family are aware of the scams going on, so you can keep your finances and personal information safe!Continue Reading "Six Tax Scams to Avoid" »
Q: My husband and I recently decided to buy our first home. Some friends of ours had lots of trouble with the process and wound up buying one they can’t really afford. What can we do to buy our dream home without that grief?Continue Reading "Avoid These First-Time Homeowner Mistakes" »
Starting a savings account for your child when they're young is crucial to teach them the importance of saving and managing money. MCCU offers accounts for kids and teens, with a minimum opening deposit of only $5! Read the inforgraphic below for valuable information!
Tax season is upon us! If you're lucky enough to get a refund, how do you plan on spending (or saving!) it?Continue Reading "How Will You Use Your Tax Refund?" »
The New Year is a time of renewal; use it to make bold financial changes. If you’re looking for resolutions to improve your personal finances, check out these seven ways to make 2018 the year of the dollar!Continue Reading "7 New Yearâ€™s Resolutions For A Richer 2018" »
Early in their careers, people tend to focus on the here and now while ignoring the future. As you climb the ladder of success, you might think raises and promotions will never end and that you have forever to plan for the future. Surprisingly, though, the future comes faster than you can imagine.
Here are the six most common and avoidable mistakes younger people make:Continue Reading "Combatting The Financial Mistakes Of Our 20s And 30s" »
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