|
||||||||||||||||||
MECU OPENS FIRST STUDENT-RUN CREDIT UNION Municipal Employees Credit Union of Baltimore (MECU), in partnership with the National Academy Foundation High School (NAF) - Baltimore, opened the first student-run credit union in Baltimore City on Wednesday, October 8. MECU Chairman of the Board, Herman Williams Jr. and President and CEO, Bert J. Hash Jr. were joined by Dr. Andres Alonso, CEO of the Baltimore City Public School System, Congressman John Sarbanes, NAF-Baltimore Principal Karen Ndour and more than 200 students, and civic and business leaders for the ribbon-cutting ceremony at NAF-Baltimore. The MECU branch is the first of its kind in a Baltimore City public school. Students will be able to deposit and withdraw funds three weekday mornings from the MECU branch in the lobby of Digital Harbor High School , in which NAF-Baltimore is located. Students from NAF-Baltimore's Academy of Finance , who will run the MECU branch, took the same two-week training course that all MECU tellers take. At the ribbon-cutting ceremony, Dr. Alonso was the first person to open an account at the branch. He was followed by Baltimore City Comptroller, Joan Pratt, making a deposit into her existing MECU account. "We are excited to be opening MECU's first student-run branch at the National Academy Foundation High School - Baltimore," said MECU President and CEO Bert J. Hash, Jr. "The students are so enthusiastic about this project and are committed to doing an excellent job, that I see a very strong future for the credit union movement with these young people among its leaders." "This is an incredibly poignant opportunity for students to learn about the effective management of personal finances," said Ndour. "NAF-Baltimore provides unique experiences to prepare students for the future; with the opening of the MECU branch. We will equip them with life skills that will be of great value long after graduation." NAF-Baltimore prepares students for careers in hospitality and tourism, finance, and information technology through work-based learning experiences made possible by partnerships with industry leaders and local businesses like MECU. The school's curriculum emphasizes both academic excellence and career training with traditional classroom instruction, internships, and job shadowing. In 2008, the school achieved a 100% graduation rate and 100% of graduating seniors were accepted to at least one college or trade/technical school. PAY DAY LOAN CONSUMER INFORMATION MECU's own Aziza Gary gave a very personal interview to Eileen Ambrose of the Baltimore Sun about her experience with payday loans. She shared this information to help others, particularly our members, who find themselves in a similar situation. July, 2008, Baltimore , MD --- Since 1981, MECU of Baltimore has paid its members a cash bonus consisting of a loan interest rebate and an extraordinary dividend. In 2007 the MECU Board of Directors decided to pay half the bonus in June and the second half in December. The Board decided to continue this practice again in 2008. Loan interest rebates totaling $1,140,000 were posted to members' accounts on June 27 and extraordinary dividends totaling $983,000 were posted to members' accounts June 30. The total cash bonus paid to members for the first half of 2008 was $2,123,000. MECU plans to pay members a cash bonus again in December. "The MECU Board of Directors is proud of its record of paying its members a cash bonus," said Herman Williams Jr., Chairman of the Board. "When members receive their bonus they clearly recognize the credit union difference of service to the members." "It's an honor working with such a dedicated Board," said MECU President and CEO, Bert J. Hash Jr. "We share a strong sense of commitment to provide the best financial products and services to our members." To Qualify for Cash Bonuses
BALTIMORE CITY EMPLOYEES NEW PAY "DAY" Attention City Employees:
MECU appreciates your business and hopes that you find this change a pleasant one. THE WESTVIEW CENTER BRANCH IS NOW OPEN MECU is pleased to announce the opening of our newest branch at 5910 Baltimore National Pike. As part of our continued effort to provide excellent member service, we opened the doors to our 6 th branch, known as the Charles L. Benton Jr. Westview Center Branch on Wednesday, September 13, 2006. Please stop by Monday through Thursday 9 am to 4 pm, Friday 9 am to 5:30 pm and Saturday 9 am to 3 pm. We also have extended drive through hours on Monday, Tuesday, Wednesday and Friday from 7:30 am to 5:30 pm and Thursday from 9 am to 5:30 pm. SMALL BUSINESS SERVICES ARE NOW AVAILABLE AT MECU If you own a small business and are looking for financial services with a personal touch, look no further. Introducing small business services from MECU. MECU’s services for small enterprises include checking, savings, loans, commercial CDs, a commercial money market account, a corporate credit card and billpayer. This full array of services comes with MECU’s excellent rates and a level of professional expertise and personal care, which only the largest credit union in Baltimore can offer. For 70 years, MECU has helped thousands of Baltimore residents reach their financial goals… let us do the same for your small business. For more information contact Frank Ciesla, Director of Business Lending at fciesla@mecu.com or complete the attached sheet and mail it or fax it to the following address. We will get back to you within 24 hours. Municipal Employees Credit Union of Baltimore OPEN A NEW MECU CHECKING ACCOUNT ONLINE It's never been more convenient to take advantage of MECU's free interest-bearing checking account. All that's required is your MECU online banking PIN. Here's how:
If you don't yet have your online banking PIN, click here to get your PIN online. It's simple, free and only takes a few moments. MECU members can now enjoy the convenience of more locations through a unique national network of shared branches called Credit Union Family Service Centers. At over 1,000 participating credit unions across the country, MECU members will be able to perform a number of transactions on their MECU accounts as well as withdraw cash at ATMs. Here are the CU Family Service Center branches closest to Baltimore.
To find locations near where you live, work, or will be traveling, visit the CU Service Center website to locate a participating branch - www.co-opnetwork.org. To access your MECU account at CU Service Centers, you will need to show a valid picture ID with signature and your MECU account number. Account access available to MECU members includes deposits and withdrawals from your Share Savings, PAY, Holiday, Checking or Money Market accounts and payments or advances against your loans and lines of credit including PCP and HELOC. Some policies at the CU Family Service Center may differ from those at MECU. At the present time, MECU is not fully operational in the CU Service Center ATM network. As a result, you may be assessed a surcharge and foreign ATM transaction fee when using CU Service Center ATMs. PROTECT YOURSELF FOR THE LONG TERM* We all face risks associated with long term care needs, and may find ourselves without adequate financial and emotional resources when the need for Long Term Care Insurance (LTC) becomes a reality. Through CUNA Mutual Group and their LTC Specialists, our members now have access to quality long-term care insurance plans that provide: Asset Protection Access to Quality Care Relieve the Burden on your Family Independence Control Peace of Mind *The insurance plans offered (1) are not federally insured; (2) are not obligations of the credit union; (3) are not guaranteed by the credit union or any affiliated entity; (4) involve investment risks, including the possible loss of principal; and (5) if applicable, are being offered by an employee who serves both functions of accepting members’ deposits and the selling of non-deposit investment products.
|
||||||||||||||||||
|
||||||||||||||||||
 |
 |
 |
 |