Blog & News

News and tips to keep you informed and put you on a path to financial health.

Preventing Elder Fraud and Financial Exploitation

Fraud Money Management

Financial loss from elderly fraud is in the billions annually. Seniors are the fastest-growing population segment in Ohio and the Scripps Gerontology Center projects more than 1 in 4 Ohioans will be age 60 and older by 2025. Unfortunately, that growth has contributed to high rates of fraud and financial exploitation targeting the elderly in our state. The national rate of elder financial abuse is also high, with 1 in 20 cases of seniors falling victim to the crime, according…
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Managing Your Finances During the COVID-19 Pandemic

Money Management Spending/Saving

The COVID-19 pandemic is not only causing fear and uncertainty about our health, but our livelihood as well. Many wonder “What happens to me and my family if my employer has to lay off people or my hours are cut?” Now more than ever, it’s important to keep track of your expenses to make sure you’re not spending more than you make or increasing your credit card debt. If you feel like you live paycheck to paycheck, then now is…
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One Less Thing to Worry About

News

While the COVID-19 pandemic brings many uncertainties, your membership at Midwest Community shouldn’t be one of them.  Your deposits at Ohio credit unions are safe and secure due to prudent management, strong regulation, and deposit insurance protection. Your deposit is protected by the NCUA, with deposits insured up to at least $250,000 per individual depositor. Credit union members have never lost a penny of insured savings at an insured credit union. Additional information on National Credit Union Association (NCUA) share insurance…
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Tax Benefits for College Students

Money Management Spending/Saving

Did you know you can take advantage of special tax breaks just for college students and their parents? These benefits come in the form of tax credits and deductions when you file your income tax return. What’s the difference? A credit reduces the amount of income tax you have to pay. A deduction reduces the amount of your income that is taxed, which also typically lessens your tax bill. In other words, you could get a bigger tax refund! Filing Your Taxes…
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Does a new car top your holiday wish list?

Life Goals Spending/Saving

If you’re looking to drive into the new year on a new set of wheels, the timing is right to save some money on this big purchase! According to Kelley Blue Book, you can benefit from both year-end sales events and, if you wait until the end of the month, automakers and dealers looking to meet monthly sales targets. But according to Automotive News, more Americans are likely to turn toward a used car for their next purchase. Both escalating…
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Best Ways to Manage Your Holiday Expenses

Money Management Spending/Saving

With the holiday season right around the corner, consumers are often unprepared for the additional expenses for those special presents and occasions and exit the holiday season with debt—a gift that unfortunately keeps on giving. 

Local Service. Global Reach.

News

On October 17, 2019, Midwest Community will join with 56,000 credit unions around the world in celebration of International Credit Union (ICU) Day®. There are 200+ million credit union members around the world—more than 100 million in the U.S. alone—and Midwest Community joins them in celebration of the not-for-profit cooperative spirit that all credit unions share. This cooperative spirit has led to life-changing opportunities for people all over the world who’ve wanted to start a small business, own a home…
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Back-to-School shopping is almost as big as Black Friday—learn how to save this year!

Money Management Spending/Saving

Ohioans may not be planning to spend as much as the national average on back-to-school shopping this year, but that doesn’t mean the supply run will be cheap. The back-to-school season has become the second biggest shopping season of the year in the U.S., according to a Deloitte Back-to-School survey. American households were expected to spend about $27.6 billion on clothes and supplies for the new school year in 2018. In the Ohio Credit Union League’s 2019 consumer survey, 36…
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Josh Koenig Appointed Midwest Community CEO

News

Midwest Community Federal Credit Union is excited to announce the appointment of Josh Koenig to President & CEO, after the departure of longtime CEO Sonja Delaney. Koenig was previously the Vice President of Technology for 2 and a half years. The Board of Directors was looking for the right leader to boldly blaze a trail for Midwest Community into the future of the financial services industry. Josh Koenig is the leader who stood out among all others. He brings a…
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