What is home equity and how can it help you?

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A: According to The Balance, “Home equity is an asset that comes from a homeowner’s interest in a home. To calculate equity, subtract any outstanding loan balances from the property’s market value.”

Home equity is the portion of your home that you truly own and having more equity is a good thing. The more you put into your house, including payments towards your mortgage and fixing up the home, the more equity you have. Fixing up your home and having a greater equity is going to be a great return on investment when you sell your home in the future.

Equity is an asset, which means that it is a part of your total net worth, and there are many ways that you can put that asset to work. You’re able to use this asset towards buying your next home, to borrow from this chunk of change using a home equity loan, or you can fund retirement with a reverse mortgage that gets paid when you leave your house.

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Investment Representative

The primary purpose of this position is to assist Midwest Community Federal Credit Union by delivering outstanding service to both internal and external members. A key element of excellent service is to identify the financial needs of each member and recommend an appropriate credit union solution. In addition, receives members in person and by telephone. Helps Member Investors reach financial goals utilizing our consultative sales process. In addition, responsible for ensuring that outstanding service is delivered to both internal and external members. A key component of this service is to provide proactive guidance on investment solutions via a needs-based consultative selling approach to both current and prospective Members who have placed an inbound call or referral to the Investment Representative.

For more details, please contact lfrysinger@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Member Service Representative

Midwest Community Federal Credit Union is looking for a Member Service Representative to process transactions, accurately perform end of day balancing procedures, follow company policies and utilize the core data processing system and various software applications, including electronic banking services. We are seeking candidates who are punctual, honest, friendly, and have outstanding communication skills. Please see the job description for a full list of duties. Resumes may be submitted to Sondra Manon at smanon@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

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