Scholarship Opportunities!

Members Plus Credit Union Scholarship Deadline: Monday, March 26th, 2012 5 - $1,000 Scholarship Awards available. Click here to download the 1-page application and view all rules of eligibility. Eligibility is limited to students who have been accepted or who are currently enrolled in a full-time, accredited 2 or 4 year school of higher learning during the 2012-2013 academic year.  Applicant or parent/guardian must be a member in good standing of Members Plus Credit Union Massachusetts Credit Union League Deadline: Wednesday March 14th, 2012 1 - $1,500 Scholarship Award available in this region. Eligibility is limited to high school seniors who will be enrolled in an undergraduate program during the 2012-2013 academic year.  Applicant or parent/guardian must be a member in good standing of Members Plus Credit Union Click here for the 1-page application. Hard copies of both applications are available at each branch. Please mail all scholarships to: MPCU Scholarships Members Plus Credit Union 29 High Street Medford MA 02155 Any questions, feel free to send an email or call at 781-905-1500.

Your Money is Safe at Members Plus Credit Union

The National Credit Union Association (NCUA) federally protects deposit dollars up to $250,000 for individual accounts and $250,000 per account owner for joint accounts. To learn more, visit NCUA.  Deposits are fully insured to the legally permissible deposit limit allowed by Massachusetts regulations. No deposit limits on IRAs. Massachusetts Credit Union Share Insurance Corporation (MSIC) provides excess insurance your savings that exceed the federal share insurance limit, up to $600,000 for single accounts, $1,200,000 for joint accounts and unlimited for IRA accounts. Learn more about the excess coverage provided by MSIC.  Please feel free to contact us at 781-905-1500, if you have any further questions.

The End of Free Checking? Not at Credit Unions!

Several banks are beginning to turn to checking fees as a source of profit.  Banks are becoming short on revenue because they can no longer charge many credit card fees, and high risk mortgages are no longer available.  However, since credit unions are not-for-profit institutions, many do not charge checking fees.  At a credit union, you are not a source of profit, rather you are a member and partial owner of the institution.  Click here to read more about why you can feel confident that free checking will not become a benefit of the past at your credit union.

Four Ways to Go Green at Your Credit Union

Support your credit union and the environment in four easy steps!  Click here to see how direct deposit, eStatements, online bill pay and auto loans can help you go green and be financially responsible at the same time.

3.25% APR* Home Equity Line Of Credit

Home Equity borrowers can now get the best of both worlds by combining the best features of a flexible credit line and a fixed-rate loan, allowing you the ability to lock in all or part of your credit line balance at a low fixed rate, with a fixed monthly payment.  Get your projects off to a great start with the financing that not only gives you great rates but also great flexibility.  Click here for more information. * APR = Annual Percentage Rate.