Meet your congressman, Chet Edwards

Even though we can’t endorse any politician, we feel obligated to inform you of the following. 

Our credit union is headquartered in the 17th Congressional District, and is represented by Congressman Chet Edwards in the U.S. House of Representatives. Congressman Edwards had this to say about credit unions in a letter to the Texas Credit Union League:

"I opposed legislation to tax credit unions... I recognize that some banks favor taxing credit unions. I think this is the wrong approach, and instead believe we should work on a reduction in taxes for community banks. I could support this proposal but will not support taxing credit unions."

We appreciate the Congressman's support for not-for-profit credit unions. Thank you Congressman Edwards!

Dollar Dog news!

Playhouse Winner – Zachary Schwarz was the winner of the 8’x8’ Cedar Built playhouse we gave away for our Burleson branch grand opening promotion.  Zachary’s birthday was on August 12, 5 days after they got the call of them winning, what great timing.
Dollar Dogs Birthday Party – Dollar Dog had is 4th birthday party on July 29th at Kidz Rule at the Nolan River Mall in Cleburne.  Over 160 club members attended.  Thanks to all of you club members that came out and celebrated Dollar Dog’s birthday!

Any loan, any time!

Christmas loan

Real help for your healthcare

Check washing making the rounds

Retirement accounts insured up to $250,000

BIts & Pieces

Retirement accounts now insured up to $250,000

As we recently informed you, your individual retirement accounts are federally insured (as all accounts are at MCU) up to $250,000.

Here are a couple of Q&A’s regarding the increase in insurance:

A member has a traditional IRA, Roth IRA and Keogh plan at our credit union. Are all three accounts insured to $250,000?

IRAs and Keoghs are insured separately from each other and from other accounts that a member maintains in the same credit union. However, while Keoghs are insured separately from IRAs, all of the traditional and Roth IRAs owned by a member are added together in applying the $250,000 insurance limit.

Are Coverdell Education Savings Accounts and Health Savings Accounts also eligible for the $250,000 insurance coverage under the final rule?

No, only certain retirement accounts, such as traditional and Roth IRAs and Keogh accounts are covered by $250,000 in deposit insurance coverage.

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