News and Insights
Welcome to Mutual Security Credit Union's news and insights page where you'll find updates, tips, and tricks for your banking, borrowing, and financial planning needs.
Finances | Financial Wellness | Tax Season
Tax season is here again! Before you start stressing over those forms, read this guide for what you need to know about filing taxes in 2023.
Cyber Security | ID Theft Protection
Smartphones are the millennial’s answer to the disorganized life. You can buy anything with just a few swipes, schedule appointments and store your photos in this one, convenient spot. You can also manage your accounts, check your balances and deposit checks through Mutual Security Credit Union’s mobile banking app and website. Unfortunately, all of that convenience comes at a price: Your mobile devices pose an inherent risk to your security if they fall into the wrong hands. Fortunately, there are ways to protect your phone and information.
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Company News | Cyber Security | Fraud Protection | ID Theft Protection | Insider | Safety
It has come to our attention that some of our members have received phone calls from Mutual Security Credit Union impersonators, notifying them of fraudulent attempts to use their debit card. The call looks legitimate, matching our name and phone number.
Mutual Security Credit Union (MSCU) attended the 2023 Credit Union National Association's (CUNA) Governmental Affairs Conference (GAC), that took place on February 26th through March 2, 2023 in Washington, DC. While in attendance, MSCU had the honor of receiving the credit union's CUNA National First Place Louise Herring: Philosophy in Action Award with a photo opt with the CUNA President, Jim Nussle.
Credit Card | Credit Score | Finances | Financial Wellness
1. Pay bills on time Past performance is a predictor of future performance so pay all bills off timely – rent, utilities, loans, and credit cards.
Cyber Security | Financial Wellness | ID Theft Protection
On National Slam the Scam Day and throughout the year, we give you the tools to recognize Social Security-related scams and stop scammers from stealing your money and personal information. Share scam information with your loved ones. Slam the Scam!
Credit Card | Credit Score | Finances | Money Management Skills for Youth | Technology and Finance
National Credit Education Month is observed all throughout March and is a reminder of the importance of understanding the ins and outs of your credit score. A credit score is used to determine several major purchases, such as a home or car, and sometimes used to determine employment. We are sharing three simple ways you can observe the month, along with resources to get you started today. 1. Check your credit score
Company News | Finances | Financial Wellness
March is Women’s History Month. At Mutual Security Credit Union, we’re proud to join in the nationwide celebration of women. To do that, we’d like to take this time to recognize five important women in the history of finance and entrepreneurship who are rarely applauded despite their trailblazing work. Maggie Lena Walker, first female bank president Maggie Lena Walker was the first woman to charter a bank. The St. Luke’s Penny Savings Bank was a community lending institution designed to promote savings and homeownership. Founded in 1902, the bank served the Richmond, Va. area for several years before merging with two other banks. Walker then served as chair of the board for the consolidated bank. By 1920, they had helped more than 600 people buy homes, setting the standard for community lending institutions. Walker’s trailblazing business spirit, at a time when women couldn’t yet vote, is most remarkable. Marie Van Brittan Brown, inventor of the home security system Every financial institution has some modern iteration of the device Marie Van Brittan Brown pioneered: the home security system. Concerned about police response time to calls for help, Brown put a camera on a mobile swivel to enable it to view the front door through each of four peepholes. A motion sensor triggered a recording device, and the system also enabled the homeowner to view and listen to the cameras by using a television set. Brown’s system soon caught on in businesses around the country. Victoria Woodhall and Tennessee Clafin, first female stock brokers These two sisters broke the gender barrier on Wall Street and ran the first female-owned brokerage. Despite facing blatant sexism, they quietly made millions advising clients like Cornelius Vanderbilt. Woodhall went on to be a polarizing figure in the suffrage movement, making the first recorded run for president as a woman 50 years before women were allowed to vote! Her intellect was instrumental to the passage of the 19th Amendment. Rosemary McFadden, first female exchange president Rosemary McFadden was the first woman to serve as president of any American exchange. Starting her career as a staff attorney for the New York Mercantile Exchange, she went on to become the first female president of that organization or any other American trading exchange in 1984. Despite the steep resistance she encountered, McFadden was a strong, effective leader. Abigail Adams, first female investor President John Adams’s wife is mostly noted for her documentation of the home front during the Revolutionary War and for her advocacy of women’s rights. Lesser-known, though, is that she’s also America’s first documented female investor. Adams managed the household financial affairs while her husband served in war and, later, as president. She earned a great deal investing in government bonds. In one exchange, her husband advised her to invest in farmland. She purchased bonds instead and made quite a bit more money! Your Turn: Which influential women in your life would you like to honor this month? Let us know in the comments!
Cyber Security | Financial Wellness | Fraud Protection | ID Theft Protection
P2P platforms are super-convenient. But, P2P scams are rampant and varied. Plus, once money is transferred by P2P, it’s usually gone forever.
Finances | Savings | Tax Season
Deadlines to know