Empower Your Future: April is Financial Literacy Month
Financial Literacy is crucial for managing personal finances effectively and making informed economic decisions.
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Build your credit with a Secured Credit Card
Build or Improve Your Credit
If you are just starting to build credit or looking to improve your credit, our Secured Credit Card can help. By setting aside $100 – $500 in a secured savings account, your credit card will have that balance for you to spend. Use it just like any other credit card, but know that you are building and improving your credit as you make everyday purchases.
How A Secured Credit Card Works
- Set aside your $100 - $500 secured funds.
Your refundable deposit is held in a secured savings account. Your card limit is the same amount as your security deposit.
- And everyday card for your purchases.
Use your card wherever credit cards are accepted. It works just like our Classic credit card, and it looks the same, too – merchants can’t tell the difference between a secured card and traditional card.
- Build your credit.
We monitor your activity and regularly report your card status to the three major credit bureaus. Spend within your limit and pay your bill when it’s due. Over time, this will help build your credit.
- Monitor your credit score.
Use SavvyMoney® in MMFCU’s online banking and mobile app to monitor your credit score.
Alerts and Controls
Alerts & Controls for MMFCU Credit and Debit Cards are available in Online Banking and Mobile App. Using these tools help you stay informed of your card activity and protect against fraud, so please take a few minutes to set-up your preferred Alerts & Controls for each Debit and Credit Card.
After logging into MMFCU’s Online Banking or Mobile App, go to the “Accounts” menu and select “Credit and Debit Card.” Then move the arrow over the card image to “Manage” each card determining the notifications you want to receive and/or limitations you want to set, options include:
- International Transactions
- Transaction Limits
- Transaction Types
- Merchant Types
When needed, you also have the ability to:
- Set Travel Notices,
- Lock and Unlock your card if you temporarily misplace it or are concerned about charges, and
- Make Balance Transfers.
You can find additional details on our Frequently Asked Question page.
If having a credit score is new to you, here’s the basics
- Credit Scores range from 300 to 850 being the best.
- A score of 640 or higher is considered “good.”
- There are 5 factors that impact your score: paying bills on time, the amount of debt you have, how long you have been paying your debt, if you have any new loans, and what types of debt you have, for example a credit card versus a car loan.
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Credit Score is Your Indicator of Financial Health
- With a Secured Credit Card, you are investing in your financial health.
- Successfully making credit card payments can impact three of the five factors that make up your credit score.
- Your credit score impacts your ability to obtain a loan as well as insurance rates, ability to rent an apartment, and even get a job.
Monitor Your Credit Score In Online Banking or the Mobile App
Mid Minnesota Federal Credit Union has your financial well-being as our number one priority, so we are making it easy for you as we partner with SavvyMoney® so that you can monitor, build or establish your credit score.
With SavvyMoney® you can use their tools to help with your credit score, setting credit score goals, and even checking your financial wellness. Start by logging into online banking or the mobile app and click “Check Your Score.”
Explore our VISA® Credit Cards
Looking for a credit card to fit your lifestyle? One of Mid Minnesota Federal Credit Union credit cards may be an option for you. Whether you are looking for a card that provides rewards, gives you points for shopping local, or even just a classic credit card, we have a card for you. Looking for business banking, we have options for you too!
Looking for a different way to build or improve your credit?
A Credit Builder Loan from your credit union is one way we are investing in you, our member owner, to help build your credit score.
Calculate your options
MMFCU Loan Perks
Easy Payments
You can make loan payments however it suits you best. Set up auto withdrawals, have us deduct them from your paycheck, or make payments at your convenience with online banking. Whatever you choose!
Manage Your Account Anywhere 24/7
Take MMFCU with you, wherever you go, Manage your money and loan accounts easily whether you are across town, or across the country with Online Banking or the Mobile App.
Card Management
Manage your cards in online banking or the mobile app by setting up alerts and controls to notify you when your card is used for a transaction over a specific limit, for specific transaction types and other customizable settings. You can also lock and unlock your card if you believe it is lost or stolen.
Stay Cyber Smart and Financially Secure
November is Fraud Awareness Month: The Scams Are Evolving—Are You? The holiday season and shopping events like Cyber Monday are prime time for scammers. They hope to catch you in a hurry or when you're distracted. The best defense for your hard-earned money is a little awareness. Here’s how to spot and stop fraud.
National Credit Education Month
March is National Credit Education Month, a time to raise…
President's Message Fall 2024
The results of our 2024 Member Survey are in, and…our work isn’t done!
Why Choose MMFCU?
It's time to do banking differently. At MMFCU, we believe that true financial growth can only happen when we all grow together. Credit union banking is rooted in locals serving locals, for the good of our community. We care about this community because it's our home too. When you progress, so do we and in turn, we help others do the same. Owned by members (that's you!) and led by members-that's the credit union difference.
Need help or have questions?
Chat with one of our expert staff:
1. APR= Annual percentage rate. Maximum APR=18% APR. Loans subject to credit approval. Intro rate ends after first twelve billing cycles; post-promotional APR is variable and ranges from 9.99%-18% based on your creditworthiness. 0.00% intro rate applies to balance transfers and new purchases made twelve months from approval. Certain restrictions apply. 2. For Variable Rate accounts, the interest rate is subject to change on the statement cycle date to reflect any change in the index and will be determined by the Prime Rate on the first day of each calendar month of each year as published in The Wall Street Journal “Money Rates” table to which we add a margin. The Interest Rate will never be greater than 18%. Any increase in the Interest Rate will take the form of additional payments shown as Total Minimum Payments on the statement. If the Index is no longer available, the Credit Union will choose a new Index which is based upon comparable information. 3. Transactions must be posted to account within the first 90 days of account opening. 4. See card terms and conditions for specifics. 5. New Mid Minnesota credit card holders only.