Spring 2022 Market News

Dare to Compare...and see how much you could save!

Have a loan elsewhere? Try our Loan Comparison Tools to find out if moving your loan to Market USA could reduce your monthly payments. Simply choose a payment that works for you with our Auto or Personal Loan Comparison Tool. Enter your current loan information to instantly view your savings. You can customize your payment simply by moving the bar to extend your term. With our Credit Card Comparison Tool, you can see how switching to Market USA could lower your costs.

Get started today - it's quick and easy!

Save a Trip to the Branch or ATM with Mobile Check Deposit

With a Market USA checking account, you can save time by depositing a check through your mobile device. Simply log into the Mobile App and choose Mobile Check Deposit (must be enrolled in Online Banking).

To deposit a check through the App, simply enter your check information, endorse the check (write "for e-deposit only at Market USA" under your signature), snap a picture of the front and back, and submit. You will receive an email once your account has been credited. It's that easy!

If you're not currently signed up for Online Banking, you can enroll online for instant account access. Then be sure to download our Mobile App from your app store.

Annual Business Meeting

Date: Friday, April 22, 2022
Time: 5:30 pm
Location: Virtually

As a member-owner of the credit union, you will hear a review of 2021 and find out what is in store for 2022. Every member will be entered into a random drawing for a chance to win the following: 1st prize: $250, 2nd prize: $50, 3rd prize: $25. Register to attend, then mark your calendars and be sure to tune in online!

Hit the Road with a Low-Rate Auto Loan

Whether you're looking for a new or used vehicle, or want to refinance your auto loan from another lender, we can help with:

  • New and used rates as low as 1.49% APR1
  • No payments for 2 months2
  • Option to Skip a Pay twice per year3

Apply online or call 301-586-3400.

1 Annual Percentage Rate current as of 4/1/22 and subject to change without notice. Rates are based on an evaluation of each applicant's credit. Your actual rate may vary. Rate includes a .25% discount for automatic payment and an additional .50% for having a qualifying Rewards Relationship. To qualify for a Reward Rate, you must have e-statements AND one of the following: (a) direct deposit of at least $500 per month and an active Market USA checking account or (b) at least $25,000 on deposit. Payments at 1.49% APR for 36 months are approximately $28.45 per $1,000 per month. 2Interest begins accruing upon disbursement of the loan. Loans and deferred payments are subject to credit approval. Current Market USA loans are not eligible for this promotion. Offer available for a limited time only and subject to change without notice. Certain restrictions apply. Ask us for details. 3A minimal processing fee per loan will be charged based on your monthly payment. Interest will continue to accrue on unpaid loan balance. To qualify for extension, loan must be open for at least 90 days and in good standing. Certain restrictions apply. Contact us for details

Making a Difference in Our Communities!

During the holidays, our Laurel Branch held a food drive for Elizabeth House, an all-volunteer food pantry and soup kitchen serving the greater Laurel area, and our Hyattsville Branch held a food drive for the Capital Area Food Bank, serving DC, MD and VA. Thank you to all our members who helped make our food drive a success! Your donations helped get meals to children, seniors and families who are struggling with hunger and food insecurity.

Need a Fresh Start?

Looking to establish a credit history or improve your financial situation? With several options available, we make it easy for you to take your financial future into your own hands.

  • Rebuild or Establish Credit
    A Fresh Start Loan can help you rebuild or establish credit with no credit check required. You can borrow $500 with a term of 6 months.*
  • Access to a Checking Account with Value & Convenience
    Our checking accounts feature no monthly maintenance fees or minimum balance requirements. Plus, you can take advantage of mobile banking, Bill Pay, e-Statements, e-Alerts and over 30,000 surcharge-free ATMs. Even if you've been turned down elsewhere, ask us about opening a Fresh Start Checking Account.
  • Get Your Finances Back on Track
    We have partnered with KOFE, Knowledge of Financial Education, to offer you free and unlimited financial coaching. You can contact an experienced financial coach to receive personalized advice about budgeting, credit building, debt management, savings goals and more.

To apply for a Fresh Start Loan or open a checking account, visit our website or stop by a branch. Online and Mobile Banking users can also open a checking account by clicking on "New Account" after logging in.

* With a Fresh Start Loan, you can borrow $500 at 18% APR (Annual Percentage Rate) for 6 months. APR effective 4/1/22. A minimum of 6 months of verified income is required and must be within the last 30 days prior to the loan request (excluding seasonal income). You must have direct deposit of net pay (minimum of $500 per month) coming into your Market USA account for 3 consecutive months. One Fresh Start Loan allowed every three months, with a maximum of four per year. A $30.00 non-refundable fee is due at time of application.

Beware of Debt Relief Scams

High debt can be a big beast, taking huge bites out of your budget and destroying any chance of financial wellness. Unfortunately, scammers know this, so they target victims with debt relief scams. Here's what you need to know about debt relief scams and how to avoid them.

  • How the scams play out

    Debt relief scams target consumers who may have significant levels of credit card debt using any, or a combination, of the following false premises:
    • Debt repair service that greatly increases their credit score in a short time
    • Service to remove negative credit report information
    • Student loan debt reduction
    • Promise to reduce credit card interest rates

    The target, who is desperate to shed their debt, will pay any price for the promised outcomes. The scammer then fails to come through as promised, leaving the consumer even deeper in debt.

  • Red flags - These red flags can help you identify a debt relief scam:
    • The service guarantees to bring your credit score up by a specific number of points within a short time.
    • The service promises to get rid of factual credit report information on your credit file.
    • The service demands an up-front payment.
    • The service claims to be affiliated with a credit card company, but that company doesn't recognize the service.
    • The service tells you to cut off all communication with creditors.
  • The do's and don'ts of credit repair - If you're looking for a legitimate credit repair service, these tips can help.
    • Research the service you consider using. Look for a secure site with a phone number and street address, as well as positive reviews from past clients.
    • If the service claims to be affiliated with a credit card company, give the company a call to verify.
    • Ask for a clear explanation of all fees and conditions.
    • Never pay an upfront fee for a debt relief service.
    • Don't believe a service that guarantees to bring up your score by a certain amount in a specified timeframe.
    • Don't believe that a service can get rid of negative information on your credit file. There are laws dictating how long specific information must stay on your credit report, and a debt relief service can't change that.

If you're deep in debt, don't despair. Contact an experienced financial coach at KOFE by calling 800-378-8044 or book an appointment online by visiting our Resources page. Coaching is free and strictly confidential.

Holiday Closings

  • Memorial Day May 30, 2022
  • Juneteenth (National Independence Day) June 20, 2022
  • Independence Day July 4, 2022