Home Buying Process
There are several steps to finding and buying a home. Your challenge is to put the home buying steps in the ...
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Your Money is Safe With Us
November 2, 2008
During this time of unprecedented economic difficulty, we understand that you may have concerns about the security of your funds on deposit at MCT. You can rest assured knowing that MCT Federal Credit Union is insured by the National Credit Union Administration (NCUA), an agency of the federal government.
We are happy to inform you that as part of the new economic stability provisions instituted by the U.S. government, your funds are now insured up to $250,000 per individual. Also, your Individual Retirement Accounts (IRAs) are insured separately up to $250,000. If you require additional insurance, there are ways to structure your accounts to increase your coverage. You may call MCT at 301.948.9880 to have a representative review your account.
MCT has money to lend
Although economic circumstances have affected the financial industry as a whole, MCT's standing is strong. We have not engaged in any subprime mortgages, and our investments are in good standing. Best of all, we are well-capitalized, which means we have money available to lend to members who meet lending requirements. Save time and apply online or speak to a representative by calling 301.948.9880.
We can help you save money
Just because the economy has slowed down, it doesn't mean your life has to come to a halt. MCT has the financial tools you need to save money with savings products and competitive loan rates.
- Refinance your car and save on monthly payments
- Open a Money Market Account or Club Savings Account and set-up automatic transfers to save regularly
- Transfer your balances from high-rate credit cards to an MCT Visa with no balance transfer fees Tap into your home's equity with our Home Equity Loans and Lines of Credit and enjoy tax benefits.* For a limited time only, receive $100 when you apply online!**
Don't get caught in a phishing scam
Unfortunately, scam artists have been taking advantage of the current economic situation by sending e-mails claiming that they are from a financial institution that recently acquired another institution, and that account information needs to be confirmed. MCT, as well as all other financial institutions, will never ask for account information through e-mail. If you're ever unsure of the source of an e-mail regarding your personal finances, call your financial institution to verify the validity of the e-mail.
We want you to know that we appreciate your contribution to MCT. We urge you to continue to spend and save responsibly, and we will continue to do all we can to ensure the financial wellbeing of our members.
