Buying a Home vs Renting
Buying a home can be an adventure or an ordeal. People generally prefer homeownership over renting. When mortgage rates are low, and rent increases in big cities, buying a property would appear to be a much better option than renting. If you are considering the differences between buying vs renting a home, you should ask yourself the following questions...
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Online Banking Internet Browser Update
Microsoft Internet Explorer (IE) 11 is no longer supported for online banking functions. Please be sure to update your browser before using online banking. To view what version of IE you are using, you can select "Help" and then "About Internet Explorer" in the menu.
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Calculate Your Best Auto Loan
Are you looking for your first vehicle or tired of having to put repairs on a used car? You won’t have to imagine driving a new vehicle when you get assistance from Metro Credit Union. Many factors go into determining the final and best auto loan amount. These factors include:
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Save for College Month - September
Going to college can be one of the most costly investments someone makes in life. There is significant evidence, however, that college graduates make more money over their lifetime than their peers who choose not to pursue at least a four-year degree.
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Metro Days Member Appreciation
We are excited to share that from September 28th - October 3rd we will be giving away a total of $60,000 in gift cards for our daily drawing prizes for a total of 120 winners through the week of Metro Days, our Member Appreciation Event. All Metro Credit Union members excluding employees will be automatically entered to win.
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September: Create a Financial Plan for the Year
It’s now September and we are getting out of the summer pools and into the back-to-school routine. Grab your pumpkin spice latte as this season is a great time to focus on your finances.
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HELOC Home Equity Line of Credit Pros & Cons
You’ve purchased a home in your dream neighborhood and you're slowly but surely fixing it up to make it absolutely perfect. Perhaps you’re adding a deck, pool, or doing a kitchen remodel. All of these things can impact your budget, so how will you pay for them? Perhaps a home equity line of credit (HELOC) is a way to check some things off your list and make your home perfect.
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Effective August 31st - Updated Lobby Hours
Every business has been faced with different challenges during the pandemic. To make service hours as predictable as possible, we’re reducing the number of days most of our lobbies are open to enable us to “over-schedule” staff on Mondays, Fridays and Saturdays.
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Fraud Alert: Romance Scams Turn Threatening
Romance scams prey on lonely people looking to connect with someone and will move fast with the scammer speaking of a future together and tell you they love you quickly and within time, they are asking for money.
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What Is A Good Credit Score to Buy a Car or House?
Your credit score is a number that indicates the level of risk of default you represent to a creditor at a given moment in time. There are several scoring models, but most are based on the FICO Score, a credit score created by the Fair Isaac Corporation, which is used in most lending decisions. It ranges from a low score of 300, which represents an extremely high risk, to 850, representing an extremely low risk.
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Auto Leasing: Should I Buy Out My Lease?
Auto leasing has been growing in popularity and has its own set of considerations. In basic terms, a lease means that you have the vehicle for a fixed number of months. Consequently, you only pay for the use of the car during that period, the full depreciation of the car is not forced upon you. One of the benefits of leasing a car is the low out-of-pocket cost.
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Home Improvement Loan: Good or Bad Idea?
Buying a home helps people feel a little more secure about their financial future. As the years pass and the mortgage decreases, a homeowner will own more and more of their home. The more home that is owned, the more equity is available.
Home equity is how much of your property you actually own. Thus, your home equity is how much of your property's value you've paid off. It can be calculated by looking at the house's current market value and subtracting the remaining balances of your home loan(s). This is an asset that can be borrowed against or cashed in when the home is sold.
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Free Credit Reports Through April 2021
By law, everyone is entitled to one free copy of their credit report every year from each of the three main credit reporting agencies. The three national credit reporting agencies are now giving people weekly access to monitor their credit report — for free – through April 2021.
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Metro Credit Union Is Opening Branches June 1st
We hope you and your family are healthy and safe. As we look forward to welcoming you back to our branches on June 1st, we want you to know about the changes we’ve made in response to the COVID-19 pandemic. Your safety and the safety of our staff is our top priority.
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Home Equity: What Is It & How To Use It?
Metro Credit Union is doing everything possible to help you get through these challenging times.
One way to cover projects, bills, and unexpected expenses is through your home’s equity. With our Home Equity Line of Credit you can borrow up to 90% of your home’s value with fixed rates as low as 1.99% for 60 months.
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Safe at Home Family Fun
These are definitely challenging times we are facing, not only professionally, but also personally. Many of you have children at home during this time and all of us struggle with keeping them busy. It’s tough for children to lose the structure of school and the social connectedness it provides. Here are some resources and ideas for families to stay resilient and to have fun.
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Scammers Are Taking Advantage of Fears Surrounding the Coronavirus
While you’re washing your hands and working to stay safe, here are a few important things to know to protect yourself – and those you love – from scammers:
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COVID-19 Update: Branch Transactions Drive-Thru Only
To create more social distancing, beginning on Tuesday, March 17, we’re asking members to perform all branch transactions via the Drive-Thru lanes. Learn more about branch operations. Thank you for patience as we work through this unprecedented situation. Don’t hesitate to call us if you have any questions.
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Metro Credit Union Banking and the Coronavirus
Developments are moving very quickly with the coronavirus, including talk of business closures. We want to give members an update on where things are with Metro in terms of banking and the coronavirus, and things you can do to ensure easy access to your money and banking services.
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Banking and the Coronavirus: Electronic Banking
Much has been written about preparing at home for a coronavirus outbreak, like stocking up on food, medicine, and water. It’s good to make sure you’re prepared to bank electronically if there is an outbreak so ensure you have access to your accounts before a possible disruption in normal banking services and follow these tips.
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