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.
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Mutual Security Credit Union (MSCU) is proud to announce its facilitation in the distribution of $100,000 in grant funding to support 12 local nonprofit organizations as part of the Federal Home Loan Bank of Boston’s 2020 Jobs for New England Recovery Grant Program, a relief program designed to help FHLBank members provide financial support to Small Business Administration-defined small businesses and nonprofit organizations that have experienced hardships during COVID-19.
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2 in 3 Millennials Have Credit Card Debt, More Than Double the Number Who Have Student Loans Credit card debt weighs down more millennials' finances than student loans, according to a new report from financial services online marketplace CompareCards.com, which found only 13 percent of millennial credit cardholders are completely debt-free.
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About 1 in 6 credit card holders in America's biggest cities carry a balance of $10,000 or more, according to a new report from CompareCards, and none of those cities has a higher percentage of these cardholders than Bridgeport, Connecticut. CompareCards analyzed a representative sample of Americans to see which of the 100 largest metros have cardholders with five-figure credit card balances.
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Fifty-six percent of buyers nationwide who purchased a home in the first quarter closed on the very first home they made an offer on, according to a report from real estate brokerage Redfin. This is up from 52 percent a year earlier, and is the highest first-offer success rate in three years.
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A home's listed features can have a significant impact on how much it sells for and how quickly it sells. Online real estate company Zillow's 2019 Home Features that Sell Analysis found that for-sale listings mentioning 'steam oven' or 'professional appliance' sold for up to 34 percent more than expected.
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Beyond the listed rent, U.S. renters can spend $3,420 a year on costs associated with moving into and living in a rental, according to a new analysis from rental search platform HotPads.
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Mutual Security Credit Union Press Release For Release January 14, 2019
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