April 2024 eNews

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In Case You Missed Last Month's Financial Education Emails

5 Ways to Better Protect Your Social Media Accounts from Identity Theft

Sounds Financial Strategies for Single Adults

Worried About Running Out of Money in Retirement?

1:00PM:

Business meeting, Board Elections &

Announcement of Scholarship Winners

1:20-3:00PM: Open House

Refreshments

Free Document Shredding

Electronics Recycling

As a member-owner of this financial cooperative, the Annual Membership Meeting is your opportunity to learn more about the operations and strength of your credit union and to elect the volunteer board candidates who will serve as your voice.

Fraud Text & Email Alerts for Credit and Debit Cards!

MCCU Members will receive a text and/or email notification of any suspicious fraudulent activity on their credit card or debit card - and be able to take immediate action to block the card from being used further if there is indeed fraud occuring.

This service will provide details of the transaction in question and request for the member to confirm with a simple "Yes" or "No". It will NOT ask for any account information such as account numbers, card numbers or PINs.

What Makes a Credit Union Different than a Bank?

The Volunteers

Metrum Community Credit Union is governed by the Board of Directors and Supervisory Committee, which are comprised of members who are elected democratically and serve voluntarily. The Board of Directors set policies and direct the Credit Union's efforts to ensure the best interests of the membership are met. The Supervisory Committee has oversight of the auditing functions, ensuring member accounts are protected.

This unique philosophy is what sets your credit union apart from other financial institutions and, without our volunteers, we would not be able to provide low-cost services.

No experience is required to become a volunteer, only the willingness to give your time and a strong desire to help Metrum Community Credit Union continue to succeed and grow. Would you consider applying?

This is your chance to take part in how your Credit Union is run, and help set the direction for the future. If you are interested, or would like more information, contact Karen at kpadrevita@metrumcu.org, or 303-770-4468 ext. 1040.

Margaret loves talking with people, young and old and believes in building relationships with each person that she talks to - which is why she was the perfect person for the job.

Margaret, we wish you all the best with your new chapter in life!

Manage Your Cards Like an Owner!

Download the MetrumCU App from the iTunes App Store or Google Play Store.

When you choose to Manage your Card, you can….

Detect Fraud with Card Activity Alerts

• Enable Card Notifications
• Set Transaction Amounts
• Get notified when your card is used for online (card not present) transactions and/or for foreign transactions.

Limit Card Use? Lock it! Temporarily lock your card to disable use and easily unlock when you need it.

Lost Card? Lock it & Report it! Temporarily lock the card and report it to the Lost or Stolen Card Department.

Enhanced Security for Online Shopping

A new layer of security is now live for online purchases known as EMV 3DS. This new protocol will support the authentication needs on ‘card-not-present’ (online) type of transactions.

This new tool will have little to no impact on your online shopping experience. All cardholders will be automatically enrolled to the service. The authentication process is seamless and integrated into the merchant’s checkout process.

Online transactions that are considered high risk will initiate a one-time passcode will be utilized between the online merchant and cardholder. The one-time passcode would be sent to the cardholder's mobile device via text or the cardholder's email address.

For questions or assistance with this new security, email our Member Service Team or call 303-770-4468.

Use our ANYTHING LOAN to finance whatever you want or need to kick off the season in a memorable way!

• Borrow $1,200 for 12 months at 12% APR*
• Easy to Apply & qualify
• No collateral, no downpayment & no pre-payment penalties

Ask us for details or apply online any time!

*Annual Percentage Rate. Only one loan per qualified member. Average payment of $106.62 when you borrow $1,200 for 12 months at 12% APR* and make equal monthly payments. A $35.00 administration fee will be applied to each loan.

Denver Branch Notice of Closure

The branch located in the Mile Hi Bakery building closed effective Friday, December 15, 2023.

MCCU is actively looking for a new location in the Denver area that will allow for better access and the ability to grow. Once a location is secured, we look forward to sharing updated details with member. 

During this transition, you may access your account at any of our partner credit unions through Co-op Shared Branching.

To find a location near you, use the Co-op Branch Locator, or text your zip code to 91989 for a list of surcharge-free Co-op ATM’s or Shared Branches near you.

Protect Your ID Reminders

Update passwords used to login to sites that contain sensitive personal information.

• MCCU strongly recommends that you use unique and complex passwords to access your accounts online through It'sMe247 Online Banking. Complex passwords include at least three of the following: uppercase letter, lowercase letter, number or special character (!, @, #, etc.).

Order and review at least one credit report from Annualcreditreport.com.

• Federal law allows you to get a free copy of your credit report every 12 months from each of the three credit reporting companies.

If you'd like to change your home, but don't want to lose your great mortgage, get a Home Equity Loan or Line of Credit (LOC) from Metrum! A Home Equity Loan or LOC:

• Won't impact your first mortgage loan or rate in any way.
• Can be used to make your home feel like new with some low-cost improvements.
• Can also be used to finance just about any non-home-related projects, plans, or purposes!

6 Reasons to Name a Beneficiary on Your Account

In this article, author Brian Martucci with Money Crashers offers six good reasons to name a beneficiary on your accounts at your earliest convenience.

1. The Account Balance Avoids Probate.
2. You Have More Choice Over Who (Or What) Gets Your Money.
3. You Can Keep the Money From Your Heirs or Survivors Until You Die.
4. It's Less Complicated and Expensive Than Setting Up a Trust.
5. It's Clearer Than Writing the Transfer Into Your Will.
6. You Can (Probably) Override Your Will Without Changing It.

How to Name a Beneficiary on Your Credit Union Accounts: At MCCU, it's easy to name a beneficiary on your credit union accounts. Simply contact us by phone or email to msr@metrumcu.org.

Information Needed:

• First and Last name of the Beneficiary
• Address
• Phone Number
• Social Security Number (preferred, but not required)

Article source.

Watch Over Them...Without Watching Over Them

Setting up an account for your teen is an important step in guiding them toward financial independence, but keeping an eye on their account activities is crucial for their safety.

For a limited time, refer your teen or young adult to Metrum & we'll DEPOSIT $50 into their new account when you open a savings & checking!

*New membership required. Federally insured by NCUA.

• Use the "tap-and-pay" option to pay with your mobile phone
• Pay with your mobile wallet in-person and online
• Payments are more secure with a mobile wallet because the merchant never receives your actual card numbers

Need assistance with setting up your mobile wallet?

Metrum Community Credit Union Financial Statistics

Financial information is accurate as of February 29, 2024.

Assets: $103,329,035

Shares: $89,152,604

Loans: $71,854,787

Members: 5,465