As a credit union, we are a financial cooperative that is owned by its members, not stockholders. Because of this distinction, each member, regardless of the size of their account, has one vote in electing a volunteer Board of Directors. This assures that your credit union’s focus on your financial interest is not lost.
There are three (3) positions open for the 2017 MVFCU Board of Directors election being held April 3 through May 3. As a credit union, we offer our members two convenient methods to cast their ballots: Online and paper
Voting online takes just a few minutes and saves the membership thousands of dollars in printing and mailing expenses! To learn how to cast your online ballot, visit www.mvfcu.coop/votenow.
If you prefer a paper ballot, request one at any MVFCU office or one will be mailed to you by calling (808) 677-6206 or (907) 745-4891. Requests for mail ballots must be made by the close of business on April 19. All ballots must be received by the end-of-day on May 4.
Election results will be announced at the 2017 Annual Membership Meeting on May 9. There will be no nominations from the floor at the membership meeting.» top «
To protect you from unnecessary exposure to fraud, certain states, countries, and cities with exceptionally high levels of fraudulent activity are, by design, blocked. Unfortunately, what is meant to protect can also be an inconvenience to traveling MVFCU members when they try to do a legitimate transaction and are declined.
We encourage our members to alert us of their traveling plans so we can input the information in our card processing system. But sometimes plans change, people forget, and the unforeseen happens, so you may find yourself unable to access your funds and oftentimes not knowing why. MVFCU is excited to announce that starting on March 1, 2017, if your card transactions are denied in the blocked states, countries, and cities you will be automatically reached by text and email instructing you to contact us immediately.
While this new feature brings more immediate information to you we understand it’s still an inconvenience. We strongly encourage you to let us know you will be traveling out of state so we can input the information in our system and reduce any inconvenience.
By Al Strawn
As we rush towards Easter and spring turns to summer, this is an exciting time! Change is the only constant and the confluence of many choices throughout the world pulls us into an unknowable future. For many, chaos and uncertainty can result in paralysis and fear. For others, they have confidence and see opportunity. So, how do you plan your financial future when uncertainty abounds?
Like most things in life you must start with setting goals, both short and longer term. They need to be realistic, but don’t be afraid to dream a little, creating a future you desire. Just like planning any journey, once you determine where you are going you need to have a road map or GPS to guide you to your destination.
A basic tool that many of us unfortunately like to avoid or neglect is a family budget! A simple process of making sure your income is greater than your expenses and that you set some savings aside for the future. This sounds simple, but it requires us to set priories and to have a degree of discipline. Many people believe the key to financial security is to earn more money. In reality, for most people the primary means to securing their financial future is the wise use of the limited resources that are entrusted to them.
Another important aspect in managing your financial affairs is the prudent use of credit. In the early years of credit unions the basic problem facing most Americans was limited access to loans. Today, there are many avenues available to most consumers who want to borrower money. Regrettably, some families are borrowing at a very high cost, placing themselves in a difficult and high stress position. An even bigger problem is many of these same families are using credit to live well beyond their means.
Credit unions were founded to promote thrift, and provide affordable access to credit for worthwhile and productive purposes. Each of us must determine for ourselves what is worthwhile and productive, but all must be careful not to fall into the credit trap that is so difficult to escape.
We cannot avoid circumstances in life that are beyond our control. Amazingly, we can greatly influence many aspects of life that will shape our future. I encourage each of you to set goals and dare to dream big. Once you have a vision for your future, you must have faith, the kind of faith that requires risk. Finally, you must take action by setting priorities and having discipline. Vision, faith (risk) and action will help each of us navigate these uncertain, yet exciting times, creating a better future for ourselves and our families.
At MVFCU, we strive to be good managers of our operational expenses. Unfortunately, there are occasional increases in operational expenses beyond our control that require us to make adjustments to the Fee Schedule. On May 1, 2017, a few small changes to some service fees will be implemented. An updated Fee Schedule can be found at any of our community offices or at www.mvfcu.coop.
Also, MVFCU’s Overdraft ATM/Debit Card Consent Form will be updated on May 1, 2017. What read “We will charge the account a fee of up to $15 each time we pay an overdraft” will be changed to “The Overdraft Privilege Fee or the Return Item Fee (not both) will be charged as stated in the current Fee Schedule each time an overdraft item is presented.”
Kathy Morris has joined MVFCU’s Waipahu Community Office. In her role as Member Education Officer, her vision is to empower members with resources and tools that will help stabilize and improve their financial health and put them on the road toward building better financial futures.
She will be the Hawaii Coordinator for the Financial Reality Foundation. Her focus is to forge partnerships with those who recognize the value and importance of financial literacy for the next generation; together ultimately bringing financial reality fairs into all of Hawaii’s schools.
Kathy brings a wealth of experience in the financial education arena. She recently served on the Department of Education's Financial Literacy Task Force whose focus is to find ways to institute more financial education in Hawaii schools state wide. In the past she worked closely with credit unions to promote financial literacy programs and taught financial education classes for credit union professionals.
She is a certified financial counselor, and has provided individual financial counseling that has helped individuals toward a better financial future.
Our Annual Membership Meeting will be Tuesday, May 9, 2017, at Mat-Su Senior Dining Room in Palmer. Doors open at 6:30 p.m. and the meeting begins at 7 p.m.!
MVFCU has introduced, for the first time ever in Alaska, Interactive Teller Machines (ITM). This unique technology allows MVFCU tellers to interact on demand, via high quality video and audio, with the teller able to conduct drive up type transactions.
The new Live ATM service, will offer the benefits of performing most of the transactions of a brick and mortar lobby teller at more remote locations and with expanded hours – with no ATM card required. The Live ATM will default to normal ATM mode when a Live Representative is not needed. MVFCU members and non-members alike can access the ATM functions, while only MVFCU members will have full access to the “Live ATM” benefits.
“Adding ITMs to our network of Community Offices (branches) and ATMs was a natural next step in our commitment toward providing easier and more accessible service to our members,” said Ed Gravley, Chief Operations Officer at Matanuska Valley Federal Credit Union. “Many of our members either commute to Anchorage or are located in remote areas, and “Live ATM” will bring extended account access to these members and more.”
MVFCU has installed the “Live ATM” at their Palmer, Seward Meridian and Wasilla locations with plans to expand to more remote locations and longer business hours in the near future.
One day Only!
Saturday, May 20, 2017
10:00 a.m.-4:00 p.m.