Michigan Educational Credit Union - Financial Home for Educators Since 1942

Although established in the forty’s, Michigan Educational Credit Union has consistently evolved in order to provide the best for members.

With a member base of educators and their families, it is not surprising that delivery of services is optimized by use of the latest electronic technology. Checking accounts, credit cards, and loans are augmented with specialty loans for items that make life better for current and retired educators in Jackson, Livingston, Wayne, Washtenaw, Oakland and Macomb counties.

Although phone and ATM access are available to Michigan Educational Credit Union accounts, it is the internet site that receives the most usage due to the around the clock convenience. Most banking activities can be done on the Michigan Educational Credit Union home banking website. Funds can be transferred between accounts in seconds, checking balances on any account is simple and paying bills is easy. By filling out applications online, from home where all the details needed are readily available, for joining, opening a new account or getting a loan reduces the time it takes to complete the paperwork and get approved.

Three credit card options are available to members. MECU Visa or MasterCard have an annual percentage rate (APR) of 11.90%, Visa Gold cards offer a 10.90% APR and the Visa Platinum card has a lowest APR of 9.90%. All accounts have a 3% minimum payment of the card balance or $10 whichever is greater. These levels are easy to meet and in the event there is a late payment it is only $15 per month. Applying for Michigan Education Credit Union credit cards is done on from the website.

Michigan Educational Credit Union offers several special services. 100% Auto financing is available and rates available start at 2.75% APR for loans less than 72 months. College graduates are encouraged to inquire about a .25% reduction in new vehicle loan rates and they offer a special loan APR of 8.00% for computer purchases up to $5,000. The newsletter section of Michigan Education Credit Union home banking site is an outstanding source of current information on credit. For the individual with bad credit wanting to learn what to do to improve it, this site is a veritable treasure trove.

Through the years, Michigan Educational Credit Union has risen to the needs of members offering pertinent services and attractive rates. Joining this time tested institution can be the first of many future good financial decisions.


Source: Credit Cards For People With Bad Credit Rating

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