COVID-19 is Causing a Coin Shortage

art.coinshortage.coins-4420008_1920 The COVID-19 Global pandemic caused an initial panic leaving store shelves empty of face masks and toilet paper. Hand sanitizer, cleaning supplies, paper towels and meat followed quickly in what was fast becoming routine for life during COVID-19. And now, the latest commodity to run in short supply is coins.

Got change? Many financial institutions, retailers and private citizens don’t.

Although we are increasingly becoming a cashless society, coins play an integral role in day-to-day commerce, and a dearth in their supply can severely impact small businesses that  are already struggling to survive. There’s more than just pocket change at stake here, and if things don’t improve soon, the effect on the economy can be critical and long-lasting.

Here’s what you need to know about the most recent shortage caused by COVID-19.

What triggered the shortage?

The jangling coins in your wallet were stricken in the U.S. Mint. The Federal Reserve distributes these coins to financial institutions across the country. From there, the coins are purchased by retailers or private citizens, enter the economy and begin circulating. But now, with the pandemic upending the economy and the Mint operating at partial capacity, this chain was disrupted for months at a time.

“The COVID‐19 pandemic has significantly disrupted the supply chain and normal circulation patterns for U.S. coin,” according to a statement  issued by the Federal Reserve. “In the past few months, coin deposits from depository institutions to the Federal Reserve have declined significantly and the U.S. Mint’s production of coin also decreased due to measures put in place to protect its employees.”

Federal Reserve Chairman Jerome Powell added that the massive shift to online or contactless transactions has further disrupted the flow of coins through the economy.

Even now, as large segments of the country reopen, the supply of coins is failing to keep pace with demand. Many consumers still shop remotely and those who do shop in physical stores are wary of handling germ-infested dollars and coins and are opting for contactless payment instead.

 The response to the shortage

To help mitigate the fallout of the coin shortage, the Federal Reserve began to ration its coin distribution  on June 15, giving banks and credit unions only part of their requested orders. The total number of rationed coins each bank or credit union will receive is determined by the institution’s history of coin orders and the capacity of the U.S. Mint to fulfill the request. The Reserve has also encouraged banks and credit unions to order only the amount of coins they need to meet short-term member demand.

The Federal Reserve is working together with the Mint to ramp up production of new coins and to lift supply allocations in the near future.

The impact of the shortage on the economy

The severity of the shortage first came to light in mid-June, when banks in Tennessee were notified that they’d only receive a small portion of their weekly coin order from the Federal Reserve.

In a virtual hearing  on June 17, Rep. John Rose of Tennessee told Powell that the banks in his district, having received only part of their weekly coin order, would likely run out of change by the end of the week, or might need to round up or down if they run low.

“In a time when pennies are the difference between profitability and loss, it seems like it might be a bigger concern than the announcement from the Fed would indicate that it is,” Rose said.

The shortage can have devastating effects for retailers who won’t receive their complete requested orders of coins from their bank or credit union, Rose said. Without the means to provide adequate change for their customers, small business owners can be forced to round up or down, leading to significant losses in revenue and in customers.

A temporary shortage

The Federal Reserve believes the coin shortage is only temporary and that it will resolve itself in the near future.

“As the economy reopens, we’re seeing coins begin to move around again,” Powell said.

However, the dearth in available coins is still a reality that can be felt in all sectors of the economy. As a consumer, this means that Mutual Credit Union may be limited in filling your complete request for coins in the future.  You may also feel the impact of the shortage when paying cash at brick and mortar stores; the clerk may not be able to provide you with accurate change.

Finally, if you have spare change lying around at home, we are calling out to you to bring and deposit your coins into the coin machine located at 1604 Cherry Street Vicksburg, MS. For members, this is a FREE service that deposits directly into your member account. If you are a visitor, there is a small fee. The U.S. Mint says, “The coin supply problem can be solved with each of us doing our part,” and you can help us close the gap between the coin supply and demand.

Your Turn: Have you felt the impact of the coin shortage? Tell us about it in the comments.

Mutual Credit Union Announces, Dianne Copes As The New Branch Manager Of the South Frontage Road Branch in Vicksburg, MS

Press Release

Friday, July 24, 2020

Vicksburg, Miss. – – Mutual Credit Union is pleased to announce the promotion of Dianne Copes to Branch Manager of the South Frontage Road Branch located in Vicksburg, MS effective July 1, 2020. Dianne began her career at Mutual in 2012 as the Branch Manager for the Yazoo City, MS Branch. She is a Certified Credit Union Financial Counselor.  She is also active in the Boys and Girls Club of Yazoo City, Relay for Life, Yazoo County Chamber of Commerce, and the Yazoo City Housing Authority. In 2017, she was awarded the Hero Award by the Yazoo Herald for her dedication and service to the community.  Dianne brings with her thirty-two years of banking and customer service experience to the members who frequent our South Frontage Road branch. She has proven invaluable to each community that she serves and to her fellow employees. Michael Mathews, President of Mutual Credit Union stated, “Dianne has excelled at leading our Yazoo City location since 2012, and I am thrilled to see her take on the new role here in Vicksburg.”

Dianne Copes Headshot

For more information about Mutual Credit Union please follow this link to our webpage. For additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1226.

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FREE Community SHRED Day – July 29th

PRESS RELEASE
Saturday, July 25, 2020

FREE Community Shred Day

(Vicksburg, MS): On Wednesday, July 29, 2020 the 1604 Cherry Street location of Mutual Credit Union will host a FREE Community SHRED DAY between the hours of 10:00 a.m. – 2:00 p.m. The community is welcome to bring any paper documents to be shredded on site. We have partnered with SHRED-IT of Jackson to provide this service.
Shredding important documents and paper protects important personal information from being compromised. By shredding paper down into smaller material, it can then be used within a recycle program which in turns helps to protect the environment.
For more information about Mutual Credit Union, please follow this link to our webpage. For additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1226.
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Shred Day Flyer 2020

Is It A Good Idea To Open A HELOC Now?

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If you’re looking for a large sum of money to use for a home improvement project, or the economic devastation of COVID-19 has left you in desperate need of cash, consider tapping into your home’s equity. One great way to do this is by opening a home equity line of credit, or a HELOC. Let’s take a closer look at HELOCs and why they can be an excellent option for cash-strapped homeowners in today’s financial climate.

What is a HELOC?

A HELOC is a revolving credit line allowing homeowners to borrow money against the equity of their home. The HELOC is like a second mortgage on a home; if the borrower owns the entire home, the HELOC is a primary mortgage.

Given that a HELOC is a line of credit and not a fixed loan, borrowers can withdraw money from the HELOC as needed rather than borrowing one lump sum. This allows for more freedom than a loan and is especially beneficial for borrowers who don’t know exactly how much money they’ll ultimately need to fund their venture.

Borrowers withdraw funds (aka “draws” or “advances”) from the HELOC during a set amount of time that is known as the “draw period,” which generally lasts 10 years. Some lenders place restrictions on HELOCs and require borrowers to withdraw a minimum amount of money each time they make a draw, regardless of need. Other restrictions include the requirements to keep a fixed amount of money outstanding, or to withdraw a specific sum when the HELOC is first established. [At Mutual Credit Union, we allow borrowers to ….]

How do I repay my HELOC?

Repayment of HELOCs varies, but is usually very flexible.

Many lenders collect interest-only payments during the draw period, with principal payments being strictly optional. Others require ongoing monthly payment toward both principal and interest.

When the draw period ends, some lenders will allow borrowers to renew the credit line and continue withdrawing money. Other lenders require borrowers to pay back the entire balance due, also known as a “balloon payment.” Still others allow borrowers to pay back the loan in monthly installments over another set amount of time, known as the “repayment period.” Repayment periods are generous, lasting as long as 20 years.

How can borrowers spend the money? 

While home improvement projects are popular uses for HELOCs, borrowers are free to spend the money however they please. Some other uses for HELOCs include debt consolidation, funding a wedding, adoption, dream vacation or the launch of a new business.

Is everyone eligible for a HELOC?

Like every loan and line of credit, HELOCs have eligibility requirements, which help lenders determine the applicant’s financial wellness and responsibility. Most notably, the borrower must have a minimal amount of equity in the home.

Lender requirements vary, but most homeowners will be eligible for a HELOC with a debt-to-income ratio that is 40% or less, a credit score of 620 or higher and a home assessment that stands at a minimum of 15% more than what is owed.

How much can I borrow with a HELOC?

HELOC amounts vary along with three criteria: the value of your home, the percentage of that value the lender allows you to borrow against and the outstanding amount on an existing mortgage.

To illustrate, if you have a $300,000 home with a mortgage balance of $175,000 and your lender allows you to borrow against 85% of your home’s value, multiply your home’s value by 85%, or 0.85. This will give you $255,000. Subtract the amount you still owe on your mortgage ($175,000), and you’ll have the maximum amount you can borrow using a HELOC, which is $80,000.

What are the disadvantages of a HELOC?
A HELOC is secured by your home’s equity, which places your home at risk of foreclosure if the HELOC is not repaid. Before opening a HELOC, it’s a good idea to run the numbers to get an idea of what your monthly payments will look like and whether you can easily afford to meet them.

Also, many lenders require the full payment of the HELOC after the draw period is over. This can prove to be challenging for many borrowers.

Finally, if you don’t plan to stay in your home for long, a HELOC may not be the right choice for you. When you sell your home, you’ll need to pay off the full balance of the HELOC. You may also need to pay a cancellation fee to the lender.

A HELOC can be a great option now

HELOCs have variable interest rates, which means the interest on the loan can fluctuate over the life of the loan, sometimes dramatically. This variable is based on a publicly available index, such as the U.S. Treasury Bill rate, and will rise or fall along with this index, though lenders will also add a margin of a few percentage points of their own.

The fallout of COVID-19 may impact the economy for months, or years, to come; however, there is a silver lining among the rising unemployment rates and bankrupt businesses: historically low interest rates. The average APR for fixed 30-year mortgages has hovered at the low 3% for months now, and experts predict it will continue falling. The low rates make it an excellent time to take out a HELOC with manageable payback terms.

The economic uncertainty the pandemic has generated also makes it a prime time to have extra cash available for any need that may arise.

Are you looking to tap into your home’s equity with a HELOC? Call, click, or stop by Mutual Credit Union today to get started. Our favorable rates, generous eligibility requirements, and easy terms, make a Mutual Credit Union HELOC a great choice.

Your Turn: How are you using your HELOC? Tell us about it in the comments.

Beware of Relay Theft

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Keyless entry is one of the most convenient features of newer cars. There’s no more fumbling for your keys when your arms are full of groceries or you’re toting a squirming toddler. Just press the “unlock” button to get inside and the “start” button to get the engine powered up, and your car will pick up the signals from your key fob.

Unfortunately, though, this user-friendly feature is also a favorite for car thieves. Security experts are warning of a relatively new scam centered on key fobs. In this scam, thieves use a simple device to pick up the signal from a vehicle’s key fob and use it to steal the car. What is very scary about this one is the fact that the fob can be safely hidden inside a car owner’s pocket or home while its signals are being hacked.

Here’s all you need to know about this scam and to learn how to protect your vehicle.

How it plays out

With keyless entry, the hotwiring car thief is a thing of the past.

The key fob scam, or “relay theft,” is frighteningly easy for people to pull off. Criminals purchase relay boxes, which are available on eBay and Amazon. They then use these devices to hijack the signal from a nearby key fob.

The boxes come in pairs, allowing the crooks to set up one box as close as possible to the probable location of the key fob, such as near a window or door to the car owner’s home. The second box is placed close to the car the criminal is trying to steal. The first box then reads the signal and “relays” it to the second box, tricking the car into registering the key fob as nearby. The thief can then unlock the car, start the engine and make off with the vehicle while the owner is oblivious to what is happening.

Keeping your key FOB safe

Thankfully, protecting your key fob signals from being hacked is easy. All you need is a little metal.

You can achieve this protection by securely wrapping your key fob in a small piece of aluminum foil. The foil will block the electromagnetic signals of the fob, making it impossible for a relay box to pick them up. A foil-wrapped key may look strange, but the key fob can be safely kept in a pocket when you’re out, and inside a kitchen drawer when you’re home, so no one has to know about it.

You can also choose to invest in a specially designed Faraday bag to keep your car safe. Retailing on Amazon for just a few dollars, these metal-lined pouches will block your fob’s signals from being read. There are also metal-lined key wallets on the market that serve the same purpose.

It’s best to test out the effectiveness of your signal blocker before using it for the long term. Wrap your key fob in foil or place it inside your Faraday bag or metal-lined wallet, stick it in your pocket and sit in the driver’s seat of your car. Try to start the vehicle. The car should not be able to detect the key fob. If it revs up as usual, the blocker is ineffective.

Protecting your car

If you’d rather not bother with foil and Faraday bags, you can also go the old-fashioned route and protect the car itself from possible theft.

One way to achieve this protection is through a steering-wheel lock. These locks work with actual keys that can’t be hacked. You won’t have a completely keyless entry and startup any longer, but it’s a small price to pay for the protection of your car. If a car thief hacks your key fob’s signal and starts the engine of your car, they won’t be able to drive off. The sight of the lock on your steering wheel can also serve as a deterrent for would-be thieves.

You can also protect your car from relay theft by keeping it out of sight and parking it in a garage.

If you own a pricier vehicle, it can also be worthwhile to invest in a security system.

Don’t let those scammers get your car! Take the precautions necessary to keep your key fob and your car safe from relay theft.

Your Turn: Do you own a car with “keyless entry”? How do you protect it from relay theft? Tell us about it in the comments.

Don’t Toss That Junk Mail – It Might Be Your Stimulus Payment

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Four-million Americans are receiving their Economic-Impact Payment in the form of a prepaid-debit card — and many are mistaking it for junk mail.

Last week, the U.S. Treasury Department and the Internal Revenue Service (IRS) began sending out Economic Impact Payments (EIP) as prepaid debit cards. The cards arrive in plain white envelopes that are strikingly similar to junk mail from credit card companies and scam mail. There’s no way to know that the card is from the federal government unless the recipient knows to expect it.

Reports are already pouring in from all over the country of people mistakenly tossing their EIP cards along with their junk mail. By the time they realize they’ve thrown out their long-awaited stimulus payment, it’s too late.

Here’s how to spot your EIP card, activate it and use it, in three easy steps:

Step 1: Spot your card in the mail

If you’re eligible for a stimulus payment and you haven’t yet received it via direct deposit or paper check, be on the lookout for your EIP card in the mail. The prepaid debit card will arrive in a white envelope with a return address from “Money Network Cardholder Services” of MetaBank in Omaha, Nebraska. There is no other marking on the envelope to indicate it’s been sent from the federal government.

If you think you may have mistakenly tossed your EIP card, don’t panic. You can still receive your payment by calling the toll-free customer service line at 800-240-8100 (TTY: 800-241-9100) to ask for a replacement. You can also check out the EIP website for additional information and assistance.

Step 2: Activate your card

Your EIP card will be accompanied by a letter with instructions for activating it. If the card has more than one name on it, only the primary cardholder — listed first on the card — may activate it.

Dial 800-240-8100 (TTY: 800-241-9100) and be prepared to share your name, address and Social Security number. You’ll also be asked to create a four-digit PIN, which you’ll use for all ATM transactions, automated assistance and to hear your balance. For security purposes, it’s best not to use personal information, such as your birth year or home address, as your PIN.

Watch out for scammers! Pay close attention when dialing the number to activate your card. Scammers have set up bogus EIP card call centers and are using numbers that are similar to the official one shared by the IRS.

Once your card is activated, you can create a username and password to use your card online at the Money Network site. You can also check out your balance information and transaction history at EIPCard.com or by calling the toll-free number listed above.

Step 3: Use your card

You can use your EIP card to make purchases anywhere Visa debit cards are accepted.

If you’d rather have your stimulus money in cash, you can get cash back with PIN debit purchases where available, or by withdrawing cash from an ATM that carries the Allpoint brand.

It won’t cost you money to use your card, except for a select few transactions. For example, if you make a balance inquiry at an ATM, you’ll need to pay $0.25. Also, you can make one free withdrawal from an out-of-network ATM, but you’ll be charged $2 for every withdrawal afterward. To find a surcharge-free ATM near you, check out EIPCard.com.

Keep your card safe; if you lose it, you’ll have to pay $7.50 to replace it. It’s also a good idea to keep track of your balance so you don’t end up at the register with a card that’s declined because of an insufficient balance.

Your Turn: How are you using your stimulus money? Tell us about it in the comments.

Should I Take The Zero-Percent Financing Offered By The Dealer?

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Q: I’m in the market for a new set of wheels, and I’ve seen some dealers advertising zero-percent financing. Should I take this offer?

A: An auto loan without any interest sounds like a dream; however, there are many considerations before deciding to take out a zero-percent financing loan. Let’s take a closer look at zero-percent financing so you can make an informed, responsible decision about your auto loan.

What is zero-percent financing?

An auto loan offer of zero-percent financing means the dealer financer is offering to lend the buyer money without charging any interest over the life of the loan.

With traditional loans, the lender is willing to extend money to the buyer because the lender will reap the benefits of the interest payments over the life of the loan. A zero-percent car loan, though, offers no reward for the lender. In fact, the loan is actually being offered by the auto manufacturer. The automaker stands to benefit from the loan as much as it would from an upfront cash payment for one of its cars. The only difference is that the money is earned over a longer time span. Automakers may offer zero-percent financing on slower-selling models or to help clear out stale inventory to make room for newer models.

Can anyone qualify for zero-percent financing? 

Zero-percent financing may be heavily advertised, but it can be difficult to qualify for one of these loans. They are typically only offered to buyers who have excellent credit, including a credit score above 700 and a long credit history. These buyers are more likely to make every payment on time and they may even pay off the loan early, making it low risk and profitable for the automaker.

It’s also important to note that not everyone can afford to take out a zero-percent financing loan. Since the lenders are only profiting from the actual sale on these loans, they will rarely agree to bargain down the price, nor do they offer any other incentives, such as cash-back rebates.

When is zero-percent financing a good idea?

For buyers who qualify, a zero-percent financing loan may be a way to save on steep interest payments throughout the life of an auto loan. A buyer can easily save several thousands of dollars in interest payments over the life of a zero-financing loan.

It is crucial that qualifying buyers crunch the numbers to be sure they can easily afford the monthly payments on a zero-interest loan. If all the numbers add up and the buyer’s credit makes the cut, a zero-interest loan can be a great way to save money on a new set of wheels.

When is zero-percent financing a bad idea

Zero-percent financing may not be in the best interest of buyers who can’t actually afford the loan. As mentioned, lenders generally will not bring down the price on a car with a zero-percent financing offer. Buyers may be blinded by the temptation of not paying any interest and therefore consider a vehicle that has a higher monthly price tag than they originally planned.

Another point to consider before committing to a zero-down financing loan is the term of the loan. Some of these loans feature longer terms than traditional auto loans, as much as six years. Six years is a long time to be paying for a car. The buyer’s auto needs may change before then and they won’t own the car for a year longer than they would have through a traditional loan. On the flip side, lots of zero-percent financing loans are only four years long, which can significantly increase the monthly payment amount.

Even if the loan terms do meet the buyer’s needs, it still may be worthwhile to skip the zero-percent financing and take out a traditional loan so the buyer will not miss out on cash-back rebates. These are typically not available on auto loans with special financing offers, and can mean missing out on robust incentives.

Let’s take a look at the purchase of a single car and run it through both kinds of loans.

A car is selling for $20,000 with the offer of a zero-percent financing loan that needs to be paid off in four years. Monthly payments on this loan will amount to $416.

Alternatively, the buyer can consider a traditional loan for the same car. An auto loan furnished by a credit union at the average national rate according to data extracted by the NCUA would give the loan an annual percentage rate (APR) of 3.45 percent. Over five years, this would amount to a monthly payment of $363.

In addition, with a traditional loan, the buyer can take advantage of manufacturer rebates. If this car would have an offer of a $2,500 cash-back rebate, its price would drop to $17,500. Through a Mutual Credit Union loan with an APR of 3.45 percent, the monthly payments would only be $318. The total amount paid on the car would also be less than the amount paid through the no-interest loan, at $19,080.

If the buyer chose to take out a loan through a bank, with auto loan APRs averaging at 5.10 percent, the monthly payments (without the manufacturer’s rebate) would be $378. If the manufacturer offered a rebate, that amount would fall to $331 a month.

Evidently, when there is a shorter loan term involved, it is not always worthwhile to take out a zero-percent financing auto loan.

If the offer does not feature a shorter loan term, the difference between scenarios wouldn’t be as dramatic. A five-year loan on $20,000 with zero interest would cost the buyer $333 each month, only $15 more than the traditional loan through a credit union after the rebate; however, a five-year loan term may not be an option on a no-interest loan. Also, when you take out a loan through Mutual Credit Union, you’ll enjoy personalized service and zero pressure to make a decision.

It’s best to run your own numbers through a free auto loan calculator to see what your actual monthly payment would be before taking on a loan. It’s the best way to determine if you can afford the payments without overextending your budget.

If you’re ready to get started on your auto loan, stop by Mutual Credit Union today to get started. We’ll have you seated behind your new set of wheels in no time!

Applying online is easy and available 24/7 by visiting MutualCU.org

For a list of our current rates, visit our Rates Page.

Your Turn: Have you chosen to forego a zero-percent financing option? Tell us about it in the comments.

Preparations Are Underway

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Preparations are underway at each of our Mutual CU branch locations for the day that we celebrate reopening to the public. Until that day, we wanted to share the steps we are working on to make our lobby areas a safe, secure environment for our staff and for our communities.

Floor circles like the image above will be placed through out the lobby area to ensure 6 ft distance between individuals. In the member service area, spacing precautions will be adjusted based on branch location. For example, a few of our branch lobbies are not large enough to have both those waiting for the teller line and those waiting for a member services representative in the same space. Other distancing measures will be made available to accomodate everyone’s safety in our smaller branch lobbies.

Clear shields have been placed at the teller windows as a protective-barrier between our staff and those they are serving. Clear shields have also been placed on the desk of each member services representative and loan officer. These shields are important in providing that extra layer of protection from person-to-person droplet spread.

We continue to deep-clean surfaces that are frequently used and have plans in place to minimize other opportunities for the virus to enter or exit our buildings through hand sanitizer stations and closed areas to the public. Our restrooms will continue to be closed to the public until further notice as well as any water fountains.

We are counting down the moments when we can safely reopen and see each of you face to face. Until then we remind you again that if you are experiencing any of the COVID-19 symptoms, traveled, or have been exposed to someone with the virus, we encourage you to use our electronic options to conduct your financial business. We are providing that list again in the notification below. Also below is a reminder of the symptoms of the COVID-19 virus.

Thank you for being a member of Mutual Credit Union and for continuing your trust in us. We will get through this together and will be stronger for you. Our Focus Is You.

For more information about Mutual Credit Union please follow this link to our webpage. For additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1226.

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E-Services Available

 

How COVID-19 Spreads

How COVID-19 Spreads

https://www.cdc.gov/coronavirus/2019-ncov/prevent-getting-sick/how-covid-spreads.html

COVID-19 is thought to spread mainly through close contact from person-to-person. Some people without symptoms may be able to spread the virus. We are still learning about how the virus spreads and the severity of illness it causes.

Person-to-person spread

The virus is thought to spread mainly from person-to-person.

  • Between people who are in close contact with one another (within about 6 feet).
  • Through respiratory droplets produced when an infected person coughs, sneezes, or talks.
  • These droplets can land in the mouths or noses of people who are nearby or possibly be inhaled into the lungs.
  • COVID-19 may be spread by people who are not showing symptoms.

The virus spreads easily between people

How easily a virus spreads from person-to-person can vary. Some viruses are highly contagious, like measles, while other viruses do not spread as easily. Another factor is whether the spread is sustained, which means it goes from person-to-person without stopping.

The virus that causes COVID-19 is spreading very easily and sustainably between people. Information from the ongoing COVID-19 pandemic suggest that this virus is spreading more efficiently than influenza, but not as efficiently as measles, which is highly contagious.

The virus does not spread easily in other ways

COVID-19 is a new disease and we are still learning about how it spreads. It may be possible for COVID-19 to spread in other ways, but these are not thought to be the main ways the virus spreads.

  • From touching surfaces or objects. It may be possible that a person can get COVID-19 by touching a surface or object that has the virus on it and then touching their own mouth, nose, or possibly their eyes. This is not thought to be the main way the virus spreads, but we are still learning more about this virus.
  • From animals to people. At this time, the risk of COVID-19 spreading from animals to people is considered to be low.
  • From people to animals. It appears that the virus that causes COVID-19 can spread from people to animals in some situations. CDC is aware of a small number of pets worldwide, including cats and dogs, reported to be infected with the virus that causes COVID-19, mostly after close contact with people with COVID-19.

Protect yourself and others

The best way to prevent illness is to avoid being exposed to this virus. You can take steps to slow the spread.

Below are handouts from the CDC to assist everyone in safely navigating this pandemic. Simply click to open.

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DIY-cloth-face-covering-instructions

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Mutual CU ATM Fleet Replacement Schedule

Contact: Susan Mandarino
1604 Cherry Street
Vicksburg, MS 39180
Phone: (601) 636-7523 ext. 1226
Email: marketing@mutualcu.org
Website: www.mutualcu.org

Press Release

Friday, May 22, 2020

 

Mutual Credit Union ATM Fleet Replacement Schedule

Vicksburg, Miss. – – Mutual Credit Union is excited to announce that starting Tuesday, May 26th – Friday, May 29th we will be moving forward with the replacement of each of our ATM machines located at each of our Mutual CU branch locations. These new and improved ATMs bring you the latest in security, services, and screen clarity. Members will enjoy the ability to *deposit both checks and cash at any ATM, as well as, touch-screen technology and Hi-Def visibility on each screen. We hope that by providing the schedule below we can help to minimize any inconvenience this transition might cause.

ATM Replacement Schedule

Tuesday, May 26th – Cherry Street Branch Drive-Thru ATM located at 1601 Monroe Street, Vicksburg, MS

Wednesday, May 27th – South Frontage Road Branch ATM located at 2086 South Frontage Road, Vicksburg, MS

Thursday, May 28th – Raymond Branch ATM located at 460 East Main Street, Raymond, MS

Friday, May 29th – Yazoo City Branch ATM located at 1505 Grand Avenue, Yazoo City, MS

*The deposit feature on each ATM will not be available immediately upon installation. Starting June 3rd, 2020, you will be able to use the deposit feature at each newly installed ATM. *

More information about the Pemberton Mall ATM in Vicksburg, MS, and the ATM located in the foyer of the Cherry Street branch in Vicksburg, MS, will be provided at a later date.

If the ATM that you typically frequent is down on the day above, we encourage you to access our full list of Mutual CU ATMs by visiting https://www.mutualcu.org/join-us/locations-hours.html. You also have access to a nationwide network of surcharge-Free ATMs plus other available locations through shared branching also by accessing the link above.

We appreciate your patience during this process and look forward to bringing each of our new ATMs online for you in the coming week. Thank you again for your membership and for continuing to put your trust in us now and in the years to come. Our Focus Is You.

For more information about Mutual Credit Union please follow this link to our webpage. For additional questions, please contact the marketing department at marketing@mutualcu.org or by calling (601) 636-7523 ext. 1226.

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