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Dear Member, 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 Marshfield Medical Center Credit Union (MMCCU) 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...
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why not to choose a credit union
i.e. Why You Should Choose a Credit Union There are a lot of misconceptions surrounding credit unions. Many times the reasons people provide on “Why You Shouldn’t Choose a Credit Union” are more myth than reality. Marshfield Medical Center Credit Union wants to debunk some of the myths that are out there and share reasons why...
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auto loan through credit union or dealership
When financing a new vehicle, there are several options that buyers can choose. Financing through the dealership has its appeal, but in the long run it’s usually best to speak with a loan professional at a local financial institution. Pros of Financing Through a Dealership The main two reasons that people finance their vehicle through a...
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Wisconsin Credit Union News
MADISON, Wis. – Wisconsin’s 117 state-chartered credit unions continue to have strong financial performance as of June 30, 2021, according to data released by the Wisconsin Department of Financial Institutions (DFI). Credit union assets rose to $53.6 billion as of June 30, 2021. This is an increase of over $4 billion since year-end 2020. Over the...
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NCUA Releases 2021 Second Quarter Credit Union System Performance Data ALEXANDRIA, Va. (Sept. 8, 2021) – According to the latest financial performance data released today by the National Credit Union Administration, federally insured credit unions reported net income growth of $11.9 billion in the second quarter of 2021, or 126.8 percent, over the same period one year...
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