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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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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Choosing Metro Credit Union for Home Equity Loans
Choosing a Home Equity Loan should be easy. You’ve got equity in your home. Your credit is good. You can afford the payment. What’s the big deal? The truth is, all Home Equity Loans are not the same, and some lenders advertise rates or terms that very few borrowers qualify for, only to switch you into higher rates or less favorable terms somewhere during the process.
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Credit Scores: What's Good, Average and Bad?
When applying for a business or personal credit, the first thing that matters is your credit score.
In the same way, a report card described what kind of student you were, your credit score tells banks or other lenders what type of borrower you are. Your credit score tells a lender how well you’ve repaid loans in the past, and how likely you are to repay a loan in the future. Not only can your credit score determine whether you get a loan, but it can also determine how much you pay in interest on the loan. A better credit score can save you hundreds or even thousands of dollars in interest.
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Holiday Fee Exchange Dec. 9th-14th
Metro will be doing the Holiday Fee Exchange program again! The dates are December 9th-14th and any Metro member can bring in diapers or a new toy.
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Should You Pay Off Your Car Before Trading It In?
Buying a car on finance/with a car loan is a great decision for many people, as it allows them to drive the car they really want, without hurting their cash flow. In fact, for many people, this will be the only way to afford the kind of vehicle that they always imagined driving.
But it does create some more complicated questions that you might not have had to consider otherwise. For example: should you pay off your car before trading it in? Let’s find out.
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Car Loans: Metro Credit Union vs Car Dealerships
For anyone who wants to buy a car, the best option is usually getting a loan to fund their purchase. When looking at cars, the first thing you'll see is that the dealership gives you the offer of a loan to buy the car you like right now. This is enough for most people to sign right on the dotted line: It's instant finance for your car, after all.
But what if approaching a car dealership isn't the best way for you to get a vehicle loan?
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Difference Credit Union vs Banks
When most people want to save or invest their money, the first place they approach is a bank. Credit unions are becoming an increasingly popular alternative, and there are many reasons why credit unions might be better for both individual and business finances over heading straight to the bank. Here are a few of the main differences between credit unions and banks.
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Supercharge your financial life with Save and Succeed.
Metro's Save and Succeed is a FREE resource to access daily tips from personal finance and career experts anytime, anywhere. Learn about our latest courses about Health Insurance and Insurance Needs.
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Metro's Online Banking Update
Metro will be moving to a new home and mobile banking platform. This new platform will enable us to add features and enhancements over time that are not available with our current system.
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Reach Success in 2019 with Metro Credit Union’s Save and Succeed
It’s a new year and Metro Credit Union is happy to introduce Save and Succeed, a FREE, online literacy program through Metro Credit Union. Explore Metro Credit Union’s Save and Succeed courses to improve your money skills on topics like credit, investing, financial goals, career objectives and more.
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2019 Metro Credit Union Annual Membership Meeting
The annual Membership Meeting provides Metro Credit Union members with an opportunity to learn how their financial institution performed in the previous year as well as learning about plans for the future. Learn more about the 2019 meeting.
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Mobile Banking For The Future
Message from Mike McDermott, Metro Credit Union President/CEO. Metro Credit Union is committed to creating a mobile banking app that will allow you to do almost everything on your phone that you can do in a branch. Beginning in March, we will take a giant step in that direction.
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Metro Credit Union's 5 Star Service Award: Eliza Daye
This is the third Metro Credit Union staff member to be awarded the monthly 5 Star Service Award in 2018. Eliza Daye was working with a member who was struggling to make ends meet this month and found a way!
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Summer Lovin' Isn't a Blast with a Romance Scam
How sweet it is to be in love in the summer, but don’t let summer love happen too fast through a romance scam. Metro Credit Union takes great precaution in preventing against fraud but all members should be aware that criminals come up with new schemes each and every day.
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Financial Tips to Consider When Traveling
To experience the world as a traveler, and not as a tourist, you need the freedom to explore beyond the landmarks. But how can you travel around without actually breaking the bank? Save money and enjoy a vacation more than once a year with these tips.
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