Category Archives: Your Credit

In Case You Missed It: A Recap of Our Ask Tim Anything ConnectU Facebook Chat on Loans

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As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be hosting monthly “Ask Tim Anything” chats on our Facebook page. In March, he took your questions on loans. In case you missed it, here’s the play by play. Q. How do I know I am getting the right type of loan? A. Some loans have obvious benefits over others. For instance, a home equity loan is different than a car loan—but should you use a home equity line of credit to purchase a vehicle? We partner with our members to make sure their long term plans match the products they are applying for. For example, we’ve seen folks get trapped in interest-only home equity lines of credit because they were lured by the low payment and low interest and the debt outlived the purpose of the loan. In this case, a vehicle purchase. … …continue

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March 25 Ask Tim Anything: ConnectU Facebook Chat on Loans

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As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be taking your questions about loans on our Facebook page on Tuesday, March 25 from noon to 1 pm. Do you want to know what to expect when applying for a loan? The difference between secured and unsecured loans? Bring your questions! We’ll start the discussion with a post on our Facebook page. Comment on it with your questions, and Tim will respond as questions come in. Please remember that Facebook is a public forum. For your security and privacy, we ask that you never disclose any personal banking information online. Certain questions may require us to refer you to our Member Service Center for personal attention offline. If you have a question about your accounts with Consumers, please call us at 800.991.2221 for assistance.

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How Low Can You Go?

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How about zero? Take advantage of 0% APR* on all purchases and balance transfers made through March 31, 2014! After that, your standard variable APR of 8.99% – 22.99%, depending on your credit history, will apply. Save even more with no balance transfer fee! Don’t have a credit card at Consumers? Apply today and start saving. Call 800.991.2221 or stop in to get started. *APR = Annual Percentage Rate. Promotional 0% APR available for balance transfers and purchases made through March 31, 2014. The 0% APR is good for 6 billing periods from the date of the first purchase or balance transfer. Balance transfers will be processed as cash transactions and at the end of this promotional period, if a balance remains, will be subject to daily finance charges at your standard APR. The minimum payment will be applied to lowest rate balances first, while all payments exceeding the minimum … …continue

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Get Credit Smart with Consumers

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If you want to stand on your own when building credit or have been turned down and need some credit repair, Consumers Credit Smart can help! Our new program helps you build payment history to begin establishing or repairing your credit. Upon completion of the program, you’re guaranteed a Consumers auto loan or credit card. How does it work? 1. Apply with a Consumers Credit Union Member Service Representative. 2. Make your monthly payments. 3. During the term of the loan, complete a budgeting session with our partner Accel Financial Services. 4. Congratulations! Once your saver loan is paid in full, you are guaranteed a future auto loan or credit card with Consumers. To learn whether the Credit Smart Program could benefit you, call us at 800.991.2221 or stop by any of our offices.

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Your Consumers Credit Cards—Powered by Our Exclusive MasterCard Guarantee!

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Go. Live. Play. Work. Whatever your lifestyle, Consumers has a card ready to help you succeed. Choose from credit cards that help you save money or earn rewards both for your home and business. In addition to the local, superior service you expect from Consumers, you also benefit from MasterCard’s worldwide acceptance and “zero liability” protection for unauthorized purchases. Plus, you get the peace of mind that comes from added security features, including Extended Warranty, Price Protection, and Identity Theft Resolution. Visit ConsumersCU.org/Loans/CreditCardholderBenefits for details. And with 24/7 online account access, your payment and billing options have never been more convenient. You even have the option of earning rewards points to redeem for travel, merchandise, gift cards, and more! Plus, take advantage of 0% APR* for 6 months on all credit card balance transfers and purchases made through March 31, 2014. After that, your standard variable APR of 8.99% – … …continue

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Your Guide to Your New Consumers Credit Card

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Consumers Credit Union is proud to bring you a new level of service with our exclusive MasterCard Credit Cards. We’ve deepened our relationship with MasterCard to bring you a card that lets you make purchases safely and conveniently, while enjoying added security and benefits. In January of 2014, Consumers members with an existing Visa Platinum or MasterCard Gold credit card will receive a new enhanced MasterCard. Your new card combines Consumers’ local, superior service with MasterCard’s worldwide acceptance. You’ll also benefit from “zero liability” protection for unauthorized purchases, extended warranty, price protection, identity theft resolution, and 24/7 online account access. You can even earn rewards! Visit ConsumersCU.org/Loans/CreditCardholderBenefits for details. It gets better. To ease the transition to your new card, once you receive it, take advantage of 0% APR* for 6 months on all purchases and balance transfers made through March 31, 2014! (Standard variable APR as low as 8.99% … …continue

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Save Even More With Your Consumers Credit Card!

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Are you still paying for your Christmas vacation? Or paying off store credit cards for your Christmas purchases? Take advantage of 0% APR* for 6 months on all balance transfers and purchases made through March 31, 2014. After that, your standard APR of 8.99%-22.99%, depending on your credit history, will apply With no balance transfer fee, you’ll be rewarded with immediate savings when transferring your high rate balances. Don’t have a credit card at Consumers? Apply today and start saving. Call 800.991.2221 or stop in to get started. *APR = Annual Percentage Rate. 0% APR available for balance transfers and purchases made through March 31, 2014. The 0% APR is good for 6 billing periods from the date of the first purchase or balance transfer. Balance transfers will be processed as cash transactions and at the end of this promotional period, if a balance remains, will be subject to daily … …continue

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Need a Christmas Vacation? Skip a Loan Payment

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Keep some cash for some holiday fun—or a vacation once the holiday parties have passed. Members with qualifying loans can skip one monthly loan payment per loan in either December or January.* Use the cash for Christmas shopping, holiday celebrations, or to catch up with bills. You can initiate your skip by logging into online banking and selecting “Skip a Loan Payment” under the “Accounts” tab or by calling us at 800.991.2221. For payments of $500 or greater, the fee to skip a payment is $50; for payments of less than $500, the fee is $35. Please submit your skip request at least seven days before your payment is due. Skips will be processed approximately two weeks before your payment due date. *Deferment of payment will extend the life of the loan and may cause an increase in the final payment amount. Offer only available on CONSUMER vehicle or RV … …continue

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Target Data Breach Underscores Consumers Credit Union’s Focus on Member Security

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On Thursday, Target announced a significant breach in their payments data, which may impact shoppers who made credit or debit card purchases in their stores from November 27 to December 15 of this year. In light of this announcement, Consumers Credit Union reassures members that your debit and credit cards are protected with the highest standards of fraud monitoring services. Visa and MasterCard are currently researching the extent of the data breach. Our Card Services team is working closely with them and our fraud monitoring service to minimize any effects on our members and will act accordingly as we learn more. In the meantime, if you are concerned that your cards may have been compromised, please regularly review your credit and debit transaction history and account statements and alert us to any irregularities. We will work with you to swiftly research the issue, return any funds lost as a result … …continue

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