Mutual Credit Union Receives M.A.C. Awards

Press Release

Friday, June 14, 2019

Mutual Credit Union Receives M.A.C. Awards

(Vicksburg, MS): On Friday, May 31, 2019 the Marketing Team of Mutual Credit Union comprised of Susan Mandarino and Lurline Simmons, were recognized as recipients of two awards during the 2019 Annual Marketing Association of Credit Unions Conference in New Orleans, LA. They received the following awards within the Credit Union Asset Size category of $500 million or less:

  • Bronze – Social Media Engagement for their Youth Savings Month Bulletin Board Contest
  • Bronze – Community Engagement for their partnership with the United Way of West Central MS & the Alexander Literacy Program

The Marketing Association of Credit Unions (M.A.C.) was established over 30 years ago by leading marketing professionals within the Credit Union Marketing Industry.  M.A.C. offers opportunities for workshops, professional development and free exchange of ideas across the Marketing industry. The M.A.C. awards program was established in 1986 to celebrate the great work of marketers across the United States. Judges for the M.A.C. awards are experts in the financial industry covering marketing, advertising, media and social media areas.

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(Pictured Left to Right: V.P. of Marketing, Susan Mandarino; Marketing & Communications Specialist, Lurline Simmons; and V. P. of Compliance, Katie Ferrell)

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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Press Release M.A.C. Conference Awards

Mutual Credit Union Director, Billy Bridges Inducted Into the 2019 MS Credit Union Hall of Fame

PRESS RELEASE

Friday, May 17, 2019

Billy Bridges Hall of Fame

Biloxi, Miss. (5/16/19) – – Mutual Credit Union Director, Billy Bridges has been inducted into the Mississippi Credit Union Hall of Fame. Created in 1993, the Mississippi Credit Union Hall of Fame is the state’s highest credit union honor, recognizing individuals that have devoted their life to the philosophy and success of credit unions at the local, state or national level.

Billy Bridges began his service on Mutual Credit Union’s Board of Directors in 1988, and he is still serving today. He held the position of vice-chairman for three years, and in 1993 was elected chairman, a position he held for almost 20 years.

At Mutual Credit Union, Billy was instrumental in his credit union’s expansion throughout Vicksburg and surrounding communities, including Raymond and Yazoo City. He is committed to improving all members’ financial quality of life and providing the quality services, facilities, and convenience that has resulted in Mutual Credit Union’s growth from $39 million to $215 million in assets.

Billy was elected to the Mississippi Credit Union Association Board of Directors in 1996 and is still serving today. He has served as chairman, and he is the longest serving vice-chairman in the board’s history. He is also the long-time chairman of the Personnel & Salary Committee.

An active supporter of the credit union movement, Billy has been a faithful participant in the annual Credit Union National Association Governmental Affairs Conference, and he played a significant role in rallying support in Congress for H.R.1151, the Credit Union Membership Access Act, which was signed into law in August 1998.

Billy’s 31 years of service to Mutual Credit Union and his more than 20 years of service to Mississippi’s credit unions on the MSCUA Board of Directors are characterized by his genuinely outstanding performance and countless hours of selfless service. He serves with honor and distinction and is an extraordinary ambassador for the credit union movement.

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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Press Release Billy Bridges Inducted into the MS Credit Union Hall of Fame

Steps 1 thru 12 to Living a Debt Free Life

working on her accounts

Step One: Take Stock of Your Debt

You’re determined that this will be the year you finally pay down (or pay off) that debt. Get ready, because every month, our Do It Today plan will have you taking another step on your journey toward living a debt-free life. 

First, sit down and take stock of all your debts. Don’t let the numbers scare you; you need to do this to move forward. Get out every single credit card bill, personal loan, student loan, and any other debt you’re carrying (except your car and mortgage payments). Tally up the numbers to give yourself an idea of what you’re dealing with. 

Next, organize your debt into different categories, such as credit card debt, student debt, personal loans etc. Use a spreadsheet to list your debt, the remaining term of each loan (if applicable), the minimum payment and the interest rate.   

Finally, designate one hour each week for working on your finances. 

Step Two: Don’t dig yourself deeper

When you’ve dug yourself deep into a pit, the only way to get out is to stop digging. This month, focus on not racking up more debt. Stop using your credit cards. Skip your weekly trips that usually have you buying too many non-essentials.

Instead, start brown-bagging your work lunch and brewing your own coffee. Get into the habit of spending only on essentials so you can make real progress toward paying down that debt.

Don’t forget to make the minimum payments on every line of credit and loan you have open. Neglecting your debt will only pull you deeper into the pit.

Step Three: Negotiate a lower APR

If the majority of your outstanding debit is credit card debt, you may be spending hundreds of dollars just on interest alone. Aside from wasting money, this keeps you from moving forward and paying down your debt.

Most people don’t know you can call up a credit card company and negotiate for a lower APR. Take the time this month to do that. Explain that you are working on paying down your debt and that the interest payments are impeding your progress. You can even research competing cards and cite their interest rates in a bid for a lower APR from your current credit card company.

Lowering your interest rates will allow you to make another real step toward getting rid of debt.

Step Four: Create an emergency fund

You may be feeling impatient to start more aggressively paying down debt, but it’s important important to first create an emergency fund. If you don’t have money socked away for unexpected expenses, you’ll be tempted to use the money that’s already earmarked for your debt payments to fund this expense.

Experts recommend keeping three months’ worth of living expenses in an emergency fund, but you can start with a modest $1,000. Set up an automatic monthly or weekly transfer from your [credit union] Checking Account to your Savings Account until you have a fully padded emergency fund. This may take several months, but no worries, you can continue following the next few steps towards a debt-free life as your emergency fund grows.

Step Five: Create a budget

This month, you’re going to organize your finances. Hold onto every receipt, bill, paystub and invoice you produce throughout the month. Sometime during the last week of May, sit down with all of your paperwork and start crunching the numbers.

When you’re through, you should have all of these questions answered:

  • How much is my net monthly income?
  • How much are my monthly fixed expenses?
  • How much are my monthly non-fixed expenses?

Now that you have the numbers in front of you, work on creating a budget. Designate the necessary funds for your fixed expenses. Then, with the remaining money, determine how much you will spend in each non-fixed expense category; like groceries, clothing, entertainment, etc.

Put your minimum debt payments in the fixed-expenses category, with another category for extra debt payments in your column of non-fixed expenses.

Step Six to be continued in June ……………………………

 

 

6 Ways to Save On Summer Vacation

Family packing for vacation

 

  1. Time it right. Experts say the sweet spot for cheapest flight booking is 54 days before your travel date.
  2. Clear your cache before every new flight searchThis way, airlines can’t access your browser history and inflate the prices they offer you.
  3. Sweet-talk your way to savings. Ask for an upgrade at the check-in counter. About 78% of hotel guests who request an upgrade at the front desk actually get one.
  4. Never pay full priceCheck sites like coupondivas.com, entertainment.com and Groupon.com for deep discounts at local eateries and entertainment centers.
  5. Freebie fun. Search local sites and blogs for write-ups about free things to do near your destination.
  6. Save your mega event for the last day. Finish your vacation on a high note by saving your most exciting event for the last day of your trip.

Your Turn: How do you save big while getting the most out of your summer vacation? Share your best hacks with us in the comments!

2019 Mutual CU Scholarship Recipients Announced

Press Release

May 14, 2019

 

2019 Mutual Credit Union Scholarship Recipients Announced

(Vicksburg, MS): The Mutual Credit Union Scholarship Committee is pleased to announce the following High School Seniors as selected recipients in the 2019 Mutual Credit Union Scholarship Program.

Alyshia Moore – Vicksburg High School – $3,000

Alexis Lomax – Central Hinds Academy – $2,000

Jonathan Shelton – Mississippi School for Math & Science – $1,500

Emily Vandennieuwboer – Warren Central High School – $1,500

Abigail Wallace – Warren Central High School – $1,000

Reann Ponder – Warren Central High School – $1,000

2019 Mutual CU Scholarship winners collage

Each year, Mutual Credit Union offers graduating high school seniors the opportunity earn one of six scholarships to pursue higher education. Mutual has a firmly held belief that the education of our community’s youth is a solid investment in our community’s future. This year we were proud to award a total of $10,000 in scholarships to six selected recipients. We congratulate all 2019 graduating high school seniors and offer encouragement to you in all your future endeavors.

For information on the Mutual Credit Union Scholarship program, please follow this link to our web page. For questions, please contact the marketing department at marketing@mutualcu.org or call (601) 636-7523 ext. 1226.

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2019 Mutual Credit Union Scholarship Press Release

Power Outage Continues to Affect a Mutual Branch & an ATM Location (4/16)

update Mouse Social

UPDATE AS OF TUESDAY, APRIL 16TH: Due to continued power outages in our area following the storms and tornadoes on Saturday (4/13), the 2086 South Frontage Road Branch of Mutual Credit Union in Vicksburg, MS remains closed TODAY (4/16). Our ATM located at The Pemberton Mall is also out of service until power is restored. Please visit any of our other four (4) branch locations to conduct business. Click Here for a list of branch and ATM locations.

Remember, you also have access 24/7 to your account(s) & bill pay through online banking at https://mutualcu.org. Should you need further assistance, please contact us at 877-457-3654 option 0 during normal business hours (Monday-Thursday 9a-5p; & Fridays 9a-6p) to reach someone in the Call Center or submit your question through our web-page.

Thank you for your patience as we all work together to get our Vicksburg community back online.

MUTUAL ATM BACK IN OPERATION AT THE U.S. ARMY CORPS OF ENGINEERS ENGINEER RESEARCH AND DEVELOPMENT CENTER

Press Release

February 28, 2019

(Vicksburg, MS): Effective Thursday, February 28, 2019, the Mutual Credit Union ATM located on the campus of The U.S. Army Corps of Engineers Engineer Research and Development Center in Vicksburg, MS was placed back into operation.  “We are excited about having our ATM operational again on the ERDC campus,” states Mutual Credit Union President, Michael Mathews. “The ATM will allow for 24-hour ATM access for staff and visitors.”

Along with upgrades to the 1604 Cherry Street branch and the ERDC ATM, Mutual Credit Union continues to add to its suite of digital friendly services with optimized online banking features – to include first in class CheckFree® bill pay services and the Mutual mobile app with remote deposit capture. Depositing checks from your phone and easy online loan applications for everything from cars to mortgages to personal loans are designed for members on the go. Mutual continues to participate in the Co-Op® shared branching network, providing access to over 5,600 branches nationwide and 30,000 surcharge-free ATMs. With shared branching and Mutual’s digital services, we are everywhere you need to be.

ATM at ERDC

Hours of operation for all Mutual locations are Monday – Thursday 9 a.m. – 5 p.m. and Friday 9 a.m. – 6 p.m.; drive through services open at 8:30 a.m. Account access is also available 24/7/365 by visiting www.mutualcu.org, using the Mutual Credit Union app on your mobile device or by calling our SAM Audio Response System at 1-877-457-3654 Option 1.

 

 

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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Cherry Street Branch to Re-Open Tuesday, February 19, 2019

Press Release

February 13, 2019

Cherry Street Branch to Re-Open Tuesday, February 19th

(Vicksburg, MS): The Main Branch of Mutual Credit Union located at 1604 Cherry Street will re-open to the public on Tuesday, February 19, 2019 at 9 a.m. after undergoing extensive renovations to both the exterior and the interior of the building.

We are so excited to open Main Office back up on February 19th,” states Mutual Credit Union CFO, Jennifer Lynne McMillin. “Our renovated space will allow us to better serve our members and provide a secure and safe environment for our members and employees.  We have expanded our office space to prepare for future growth and opportunities.  We look forward to having our members back at our Cherry Street branch.”

Also, on Tuesday, February 19th the coin machine located inside the Cherry Street branch will be available for use. Members can access this service during normal business hours starting this Tuesday, February 19th.

The hours of operation for all Mutual branch locations remain Monday – Thursday 9 a.m. – 5 p.m. and Fridays 9 a.m. – 6 p.m.; drive through services open at 8:30 a.m. at every branch. Account access is also available 24/7/365 by visiting www.mutualcu.org, using the Mutual Credit Union app on your mobile device, or by calling our SAM Audio Response System at 1-877-457-3654 Option 1.

Cherry Street View (New)

The 1604 Cherry Street location of Mutual Credit Union was constructed in 1984. In 1998-1999 it was renovated to add a Drive-Thru and to expand the main branch and support offices.

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

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2019-2020 Mutual Credit Union Scholarship Committee NOW Accepting Applications

Press Release

February 1, 2019

2019-2020 Mutual Credit Union Scholarship

(Vicksburg, MS): The Mutual Credit Union Scholarship Committee is pleased to announce the we are accepting applications for our 2019-2020 Mutual CU Scholarship. Every year, Mutual provides $10,000 in awards for the upcoming school year to recognize its members who have shown scholastic achievement and who are interested in advancing their education. We will award six (6) scholarships in the amount of $3000, $2000, (2) $1500, and (2) $1000 to High School Seniors who best meet the requirements.

The deadline to apply is Monday, April 1, 2019. A completed application package must be mailed or delivered by April 1, 2019 to the following address:

Mutual Credit Union • ATTN: Susan Mandarino • PO Box 25 • Vicksburg, MS 39181

It can also be emailed to smandarino@mutualcu.org or delivered to any of our branch locations. For additional questions or to request an application be mailed to you, please call 877-457-3654 ext. 1226 or email smandarino@mutualcu.org.

Mutual CU has a firmly-held belief that the education of our community’s youth is a solid investment in our community’s future. We wish the best of luck to all applicants and to each of our graduating seniors.

Hours of operation for all Mutual locations are Monday – Thursday 9 a.m. – 5 p.m. and Friday 9 a.m. – 6 p.m.; drive through services open at 8:30 a.m. Account access is also available 24/7/365 by visiting www.mutualcu.org, using the Mutual Credit Union app on your mobile device or by calling our SAM Audio Response System at 1-877-457-3654 Option 1.

For more information about the Mutual Credit Union Scholarship program 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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2019 Business Meeting of Mutual Credit Union

NOTICE TO THE MEMBERSHIP

January 4, 2019

Mutual Credit Union’s annual BUSINESS meeting will be held February 21, 2019 at 6:30 PM at the Vicksburg Convention Center located at 1600 Mulberry Street Vicksburg, MS. This meeting is a chance to review the state of the credit union and the 2018 annual report.

This is a business meeting of the membership, there will not be door prizes or refreshments available during this event.

Elections for the volunteer board of directors and supervisory committee will be open from January 3 through 31. Voting will be held electronically through a secure portal on the mutualcu.org website, or by accessing the voting site directly at mutualcu.cuballot.com. You may also request a paper ballot by contacting us at 833-282-6595. Voting is fast and easy!

Working with financial information