Buy Now, Pay Later Loans (also known as BNPL Loans) are on the rise. According to CNBC, Consumers have taken on a massive amount of credit card debt in 2022, rising to $841 billion in the first three months of the year. Low unemployment paired with high inflation is thought to have contributed to this spike...Read More
Do you need help paying for college? Did you know that MMCCU partners with ISL Education Lending to offer student loan products with competitive lower interest rates to help you and your student navigate college costs? If you find that savings, earnings and other financial aid are not enough to cover the full cost of college,...Read More
Financial Tips for a Recession News about inflation, rising prices, and supply chain problems is everywhere. As a credit union, helping our members is priority #1. In good financial times and in bad, we’re here to help answer questions and navigate the financial landscape. If you’re wondering how to recession-proof your finances, we’ve compiled some helpful...Read More
Interested in a loan? Whether you need a home loan, car loan, or other personal loan, MMCCU is here to help our members. What is a loan? A loan is money you borrow from a financial institution and pay back in full at a later date, with interest. Loans typically consist of principal (the amount you...Read More
If you own a home, you might be wondering what is the difference between first and second mortgages. In short, a first mortgage is the primary loan that you take out to purchase a home. You go to a lender, take out a loan (mortgage) to pay for the home. Your property is the collateral in...Read More
