Midwest Community FCU will soon be launching a podcast to help listeners get the most from their finances. Titled “Midwest Money Minute,” the podcast will feature short episodes that consist of financial health tips, advice, and relevant news. It will soon be available wherever you get your podcasts. You can listen to the show’s trailer below.
Midwest Community is excited to announce the launch of an updated application portal that’s more streamlined and easy to use on all devices. Users will now be able to apply for membership and most types of loans in 3 easy steps. The new portal allows users to open new accounts, apply for different types of loans and credit cards, easily upload the necessary documents, and check the status of their applications in real-time. To visit the new application portal, visit…
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On October 21, 2021, Midwest Community will join over 56,000 credit unions around the world to celebrate International Credit Union (ICU) Day. The theme of ICU Day 2021 is “Building financial health for a brighter tomorrow.” ICU Day highlights the many ways that credit unions across the world help members improve their financial health and well-being. Credit unions were built on the principle of “people helping people.” We’ve seen that philosophy in action for more than 100 years, with credit…
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As Congress considers new infrastructure spending, lawmakers are considering unconventional sources of revenue to fund their plans. One proposal under consideration would require financial institutions like Midwest Community to report to the Internal Revenue Service (IRS) many activities on accounts with balances over $600. Such an unprecedented grab of your personal financial data raises several concerns. This proposal would violate the personal privacy of consumers like you by forcing credit unions and other financial institutions to provide the government with information that does not reflect taxable activity. Financial institutions—particularly…
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Buying a Home in a Seller’s Market
Life Goals
You’ve made the decision to buy a new home. Or maybe this is your first time. You’re probably excited and can’t wait to go house hunting. If the market is a “Buyer’s Market,” one in which supply exceeds demand, you’ll have plenty of time to get your financing in order and look at as many homes as you like. But what if demand is high and supply is low? Then you’re in a “Seller’s Market.” During a seller’s market, homes…
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5 Tax Deductions and Credits to Consider During the 2021 Tax Season
Money Management
Since 1913, Americans have been paying taxes to the federal government with states adopting similar tax programs in 1930. Though this annual process has continued for decades, many Americans have been feeling anxious about taxes in recent years. According to a 2019 Nerd Wallet Report on taxes, 26 percent of Americans feel stressed or anxious about filing their taxes. Part of that negative outlook may come from the perception that they may end up needing to pay the government. Only…
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Starting February 1st, our physical lobbies will be open to members once again. A few things to note: The Main office will go back to normal hours in the drive-thru and lobby. Bryan will remain closed on Saturdays, and open normal hours Monday thru Friday. Napoleon will be drive-thru only on Saturdays, and open normal hours Monday thru Friday. We will continue to keep up with our daily lobby cleanings, every 2 hours. For a complete listing of locations and…
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What to Do With Your Stimulus Check
Money Management Spending/Saving
The CARES Act (Coronavirus Aid, Relief, and Economic Security) provides needed assistance to businesses, expansions to unemployment insurance, and direct relief checks to many Americans. If you qualify for a stimulus check, you may be wondering what to do with the money—or what the wisest thing to do might be. Here are a few things to consider. Fill in Financial Gaps Many Americans have found themselves struggling financially due to the Covid-19 pandemic. Those who have had their hours cut…
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How to Go Branchless with Midwest Community FCU
Money Management
The acceptance of totally branchless banking has increased lately with COVID-19 restrictions, but some are still skeptical. Way back in 2014, Bankrate released a study saying that more than 30% of Americans haven’t visited a branch in the last six months, and that number has only climbed from there. With the rise of mobile technology, financial security and digital communication, it’s possible to never step foot in a branch again. But you don’t have to use a fintech startup with…
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Starting Monday, November 30, our lobbies at the Main and Napoleon offices will be closed temporarily due to COVID-19. You can still use the drive-thru at these locations, or feel free to use any of the available e-services. In Bryan, the lobby will be open Monday through Friday and the office will be completely closed on Saturdays. While our lobbies might be closed, members can still access services and their accounts using the following safe and secure methods: Drive-thru services…
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