May 2024 eNews

Will you take a moment to leave us a Google Review?

In Case You Missed Last Month's Financial Education Emails

What You Need to Know About Emergency Funds

Personal or Home Equity Loan for Home Remodels?

4 Ways to Make "Loud Budgeting' a Habit

New Website Launching Soon!

We have been working on a new website that's more robust, responsive and user-friendly. We're nearly ready to unveil it, so watch for the announcement later this month!

Are You A Friend With Benefits?

You are when you share the BENEFITS of Metrum Credit Union with others!

• Refer your friends to Metrum
• When they open a savings account + one other service* of their choice, you’ll both receive $25!

Your friends can join online right now, or call or stop in to the Centennial branch.

MCCU reserves the right to discontinue this program at any time. Colorado friends only. New Share Savings Account requires $25 minimum balance. *New services include loan and investment type accounts (creates an additional suffix on account). Other minimum balances may be required by type of account. Ask a MCCU employee for details.

Shimming Right Along To Skim Your Payment Card Number



By now, most of us have at least one or two EMV (Europay, MasterCard, Visa) ’chip’ cards. Cybercriminals are of course finding ways to take advantage of the EMV cards too. Now, there are reports of a new method called “shimming,” which is the new “skimming.”

Don’t despair, though. It’s still harder to get the information from the chip than a magnetic strip. And a criminal still has to physically install the devices on the machines. There are ways you can keep on top of payment card fraud and they apply whether you’re still using a magnetic strip card or the EMV card:

• If you need to get cash, go inside a bank branch or use an ATM that is secured or inside a building with cameras.
• Most debit cards can also be used as credit. Use the credit option on machines when given the choice. While this doesn’t prevent shimming, it will provide more protection for you if your card number is used fraudulently.
• Monitor your charges regularly. If it’s possible, do this more often than monthly. Most financial institutions make it relatively easy to check your charges these days with their websites and mobile apps.
• Report potential fraudulent activity right away.

Consider setting up alerts for your cards. They can be set up to alert you any time a purchase is made using the card or if a certain amount is charged. While it might be a bit overwhelming to get an alert for every charge, putting in some alert is useful. Don’t make the amount too large though. Criminals will often make small purchases to not set off these alarms

Article source.

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.

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.

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!

• 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?

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.

Metrum Community Credit Union Financial Statistics

Financial information is accurate as of March 31, 2024.

Assets: $103,995,764

Shares: $89,766,180

Loans: $72,589,402

Members: 5,469