By: Marketing

Marketing @ 2:24 pm

Get Organized and Reduce Environmental Impact

Did you know that if every U.S. household stopped receiving paper bills and statements, 687,000 tons of paper would be saved ever year? That’s enough to circle the Earth 239 times! Plus, today’s technology makes it easier and safer than ever to enjoy all the benefits of electronic banking.

Direct Deposit and Online Banking

Electronic banking not only saves paper it saves you time and gas too. Get started by setting up Direct Deposit for your pay or benefits checks to avoid trips to the credit union and waiting in line. Then, sign up for Online Banking with a user id and password so you can check your balance before you go shopping or make a trip to the ATM to avoid expensive and embarrassing overdrafts. You will find that nearly any routine transaction can be handled online–transfer funds between accounts, make loan payments, request a withdrawal and more; all without spending the time or gas to go to the branch office.

Also, online banking is actually safer in many ways than paper-based transactions that can be intercepted in the mail. The latest encryption and user authentication technology is utilized to ensure your transactions remain secure. Michigan First has recently enhanced its Online Banking Service to include state-of-the-art features, such as custom alerts, live chat support, EZ Scan&Deposit^SM, and more.

e-Statements

A popular feature within the Online Banking System is e-Statements. This electronic format enables you to view and store several months worth of transactions on your computer or digital media. Plus, if you need to find a particular transaction, it’s quick and easy to search for a certain dollar amount or word that is on your statement. E-Statements are the quicker and more secure way to receive your account information.

Online Bill Pay

Once you experience the ease and convenience of Online Bill Pay, you will never go back to writing checks. Organize your bills to be paid online automatically on a date you choose, and you’ll have one less thing to remember, plus you can avoid expensive late fees. You can also choose to receive your bills electronically, instead of via regular mail which makes them easy to keep track of and helps to save paper.

Coming Soon

Michigan First will soon be offering the option of receiving your Credit Union Newsletter electronically. It’s just one more way you can save paper, cut down on clutter and conveniently store your newsletters for easy reference. Visit us at www.MichiganFirst.com for all the details.

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By: Marketing

Marketing @ 4:11 pm

On June 24th, President Obama signed the Consumer Assistance to Recycle and Save Act of 2009 (or the CARS Act), containing an initiative known as “Cash for Clunkers,” that provides government vouchers for up to $4,500 to individuals trading in old vehicles for a new vehicle purchase.

How the Program Works

The idea behind these programs is simple, offering a monetary incentive for consumers to trade in their current vehicle and purchase a new, more fuel-efficient vehicle.“Clunkers” that average 18 miles per gallon or less, and are still in drivable condition may be eligible to receive rebates up to $4,500 depending on the estimated gas mileage of the new vehicle. Purchasing a new car that is 4 MPG more efficient than the previous vehicle nets a $3,500 voucher, and cars with a 10 MPG or more improvement are eligible for a $4,500 voucher. The cutoffs for trucks are slightly more relaxed, and are set at increases of 2 MPG and 5+ MPG, respectively.

What You Need to Know

1.       Find out if you are eligible to receive cash for your clunker by visiting www.FuelEconomy.gov.

2.       Find out the value of your current vehicle. If your vehicle’s trade in value is more than $4,500, you would actually lose money by utilizing this incentive. Use online resources such as the Kelley Blue Book (www.kbb.com) to find out the value of your vehicle.

3.       Speak with a Michigan First financial services representative to get pre-approved for your auto loan and visit one of the many Michigan First Preferred Dealers to get cash for your clunker! For more information, go to www.MichiganFirstCars.com.

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By: Lauren

Lauren @ 4:13 pm

Michigan First Credit Union Continues Leadership with High-Tech ATMs and Member Services Years Ahead of Banks Breaking into Market with ‘New’ Introductions

Michigan First Installs No Fee High-Speed Coin Counters for Members;MoneyWorks(R) ATMs Accept Coins and Cash Checks to the Penny

LATHRUP VILLAGE, Mich., May 30, 2008 – ATMs that can accept coins, paper currency and checks without an envelope; can scan checks; and cash checks to the penny. These are just some of the innovative, convenient services that Michigan First Credit Union has offered its members since 2004. Now, Michigan First has introduced no fee high-speed coin counters for its members. It’s all part of its commitment to provide leading-edge technology and outstanding customer service.

“While some banks are introducing ‘new’ ATMs that scan checks and don’t require envelopes for deposits, Michigan First Credit Union was one of the first financial institutions in North America to introduce this technology at its branches more than four years ago,” said Michael Poulos, president and CEO of Michigan First Credit Union. “In addition to these convenient services, our ATMS – called MoneyWorks(R) Banking Centers – can accept coins and cash checks to the penny. We have a number of other innovative services in the works to further serve our members.”

To complement the coin counters that are incorporated into the MoneyWorks Banking Centers, Michigan First Credit Union is also in the process of installing high-speed coin counters at each of its branches and is already in use at its main branch in Lathrup Village, Mich. The high-speed coin counters can process approximately 3,000 coins a minute compared to the ATM counters that process 700 coins a minute. This service is free for credit union members, while non-members are charged a nominal fee.

“Every penny counts, especially in these tough economic times,” Poulos said. “Our members have saved time and money by using these convenient services.”

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By: Lena

Lena @ 12:59 pm

The Internet gives buyers access to a world of goods and services, and gives sellers access to a world of customers. Unfortunately, the Internet also gives con artists the very same access. Find out some caution tips you can follow to minimize your chance of being defrauded when online.

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By: Lena

Lena @ 11:40 am

Fake check scams could cost you thousands of dollars. Click here to learn about some common and dangerous scams

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