You can now save time when calling our Member Service Center from your mobile device with our new Biometric Authentication Management (BAM) service. BAM verifies your identity, taking the place of answering out of wallet questions. To use this service, you must update our app (if your phone did not automatically update). In addition, the app must have Biometrics set up (thumbprint or facial recognition), and notifications enabled. When you call our Member Service Center once your phone is set up, you'll receive a push notification on your mobile device that you'll need to approve using Biometrics (either your thumbprint or facial recognition) for authentication. You should then receive notification that your biometric verification was successful.
How to Set Up Biometrics on the Mobile App:
How to Enable Notifications on Your Mobile Device:
For your security, it's important that you lock your phone.
By automatically updating your phone's security settings to lock your screen after inactivity, you will prevent others from having access to your information, protecting your account details if your phone is lost or stolen. Some phones also allow you to freeze or erase your private information if your smartphone is unrecoverable.
Are the bills piling up now that the holidays are over? Start the new year off right by transferring your high-rate balances to our low-rate Visa Platinum card. There are NO balance transfer fees, NO cash advance fees, and NO annual fee. Enjoy even more benefits:
Apply online or call our Member Service Center at 301-586-3400.
* Annual Percentage Rates (APRs) effective 1/1/22 and subject to change. 0% introductory APR valid for 6 months from initial card issuance. Thereafter, the variable rate will be between 9.25% and 18.00%. The APR is calculated as Prime + a margin between 6.00% and 16.00%. Prime is 3.25% as of 3/16/20. Actual rate may vary and is based on an evaluation of applicant's credit.
This free webinar is offered through our financial education partner, KOFE (Knowledge of Financial Education). Learn money-saving and time-saving tactics for full-timers and independent contractors, how to get out of trouble (and stay out of trouble) with the IRS and where to find an accredited tax expert who can help you.
Get your statements more quickly and securely by signing up for e-Statements! You'll reduce the clutter in your mailbox and will be doing something good for the environment. Plus, you'll be able to enroll in e-Alerts to receive important account status emails and text alerts, such as when an account balance gets to a certain level or a loan payment is due. To make the switch, log into Online Banking or our Mobile app and access the e-Statements tab.
When: Friday, April 22, 2022
Time: 5:30 pm
Location: Virtually
Our Annual Business Meeting will be broadcast via live stream again this year. The Chairperson of the Board of Directors and President/CEO will review our 2021 accomplishments and discuss our plans for 2022. Be sure to check out our website in March for instructions on how to register.
There are three vacancies on Market USA FCU's Board of Directors. The Nominating Committee has nominated the following members to fill the open board positions:
In accordance with the Credit Union's bylaws, no nominations will be accepted at the Annual Meeting unless insufficient nominations have been made to provide for one nominee for each position to be filled. An election will not be held and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled. If there is more than one nominee for each available position, ballots will be sent by mail or electronically, and an election will be held. If the number of nominees equals the number of vacancies, there will be no election and the nominees will be declared by acclamation. The election results will be announced at the Annual Meeting.
Nominations May Also Be Made by Petition
The petition form may be obtained from the Credit Union and must be completed fully and legibly and signed by at least one percent of the Credit Union's membership (at least 186 signatures, not to exceed 500 signatures). Members who would like to file a petition must file with the Secretary of the Board of Directors by February 11, 2022. Biographical data on the nominee must be submitted with the petition. Biographical and petition forms will be available after January 2, 2022, by calling the Credit Union at 301-586-3400. In accordance with the Credit Union's bylaws, no nominations will be accepted at the Annual Meeting unless insufficient nominations have been made to provide for one nominee for each position to be filled.
An election will not be held and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled. If there is more than one nominee for each available position, an election will be held by ballot boxes placed at our branches April 13 - April 16, 2022. Should there be an election, absentee ballots may be requested by calling the Credit Union at 301-586-3400. Absentee ballots must be returned to the Credit Union by April 15, 2022. If the number of nominees equals the number of vacancies, there will be no election and the nominees will be declared by acclamation. The election results will be announced at the Annual Meeting.
Are you headed off to college or trade school in 2022? The $12,000 Credit Union College Scholarship Program is now accepting applications! College-bound members are eligible to apply for one of ten $1,000 essay-based scholarships; one $1,000 video-based scholarship; and one $1,000 photo-based scholarship. And yes, you may apply in all three categories!
This year's essay topic: In life, things can happen fast. Describe a sudden change in your life, real or imagined, that presented a financial challenge and describe how your credit union helped you get through it.
This year's video topic: You're suddenly confronted with an unexpected financial challenge. Create a 60-second video depicting the challenge and how your credit union helped you successfully handle it.
This year's photo theme: Respect
Deadline for applications is March 31, 2022. Scholarship winners will be announced in May 2022.
Any member of Market USA entering their freshmen through senior year of college or trade school may apply. Applications are accepted online at cufound.org/scholarship.
Market USA, the Credit Union Foundation MD|DC, and its generous supporters cooperate to make this scholarship program possible.
A new year is a wonderful time to make important changes in your financial life. We've broken down several of the most popular financial resolutions into three concrete steps:
Build a budget
Why it's crucial: Creating and sticking to a monthly budget will force you to be accountable for your spending while giving you a clear picture of your financial reality.
In 3 steps:Get out of debt
Why it's crucial: Carrying long-term debt can mean paying a lot of interest. It can also devastate your credit score.
In 3 steps:
Start saving
Why it's crucial:Living without a safety net means a relatively small, unexpected expense can throw off your finances and force you into debt. Savings can also fund your long-term goals and dreams.
In 3 steps:
Why? Financial companies choose how they share your information. Federal law gives consumers the right to limit some, but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your information. Please read this notice carefully to understand what we do.
What? The types of personal information that we collect and share depend on the product or service that you have with us. This information can include: (1) name and address; (2) Social Security number and income; (3) types of accounts that you have with us; (4) account balances and payment history; and (5) credit history.
How? All credit unions need to share members' personal information to run their everyday business - to process transactions, maintain accounts, and report to credit bureaus.
Below, we list the reasons that Market USA chooses to share and whether or not you can limit this sharing.
HOW TO LIMIT INFORMATION SHARING
You can contact us at any time to limit our sharing. To opt out of ALL marketing, please contact us as follows:
SHARING PRACTICES
How does Market USA protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings
How does Market USA collect my information? We collect information about you from the following sources: (1) information that we receive from you on applications or other forms; (2) information about your transactions with us; (3) information about your transactions with nonaffiliated third parties; and (4)information from a consumer reporting agency.Why can't I opt-out of all sharing? Federal Law gives you the right to limit sharing only for: (1) sharing with affiliates for everyday business practices; (2) sharing with affiliates that market to you; and (3) sharing with non-affiliates to market to you. Market USA allows you to opt out of all marketing by following the instructions outlined above.
What happens when I opt-out of sharing for an account I hold jointly with someone else? Your choices will apply to everyone on the account.
DEFINITIONS
Affiliate: Financial or non-financial companies related by common ownership or control.
Non-affiliates: Financial or non-financial companies not related by common ownership or control.
Joint Marketing: A formal agreement between nonaffiliated financial companies that together market financial products and services to you.
Questions? Contact us at 800-914-4268 or 301-586-3400.
Note: When we use the words "we," "our," "us" and "Market USA," we mean Market USA FCU. When we use the words "you" and "your," we mean the following types of members: all members that have an ongoing relationship with us, such as a share account or loan account.
