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Mobile Card Controls: Easily Manage & Monitor your Cards

Financial security is a concern for everyone. Mobile card controls were developed as just one way to protect your debit and credit cards from fraudulent in the event they are lost or stolen. Read below to learn about additional benefits and features of card controls.

Card Control Benefits

  • Monitor your spending – or the spending of minors whose accounts you oversee.
  • Reduce fraud by preventing the card to be used at stores, locations and more that are outside your normal spending habits.
  • Manage your finances by setting a daily dollar limit to help keep your budget in check.

Card Control Features

  • Lock/unlock your credit/debit card in real-time*- This allows you to disable your card from use if it has been lost or stolen. When the card is turned off, all transactions, with the exception of recurring payments, will be declined.
  • Use customized options for your alerts – You can use alert preferences, tailored to your spending patterns, to notify you of unusual purchases through the app. Alert preferences are divided into four categories: Locations, Merchant Types, Transaction Types and Spending Limits.
  • Know when and where your credit/debit card is being used – Select the types of merchants your card can be used at. For example, you could choose to allow purchases at all merchants except restaurants. You can also choose to allow only certain types of transactions, such as in-store, online, ATM, mail/phone order and more.
  • Set spending controls to help you stay on budget – Select a dollar limit for transactions on your card. When the dollar limit is exceeded, the transaction will be declined.

*Please note that any recurring charges to your card will still be accepted.

Enable Card Controls Today

All card controls on your Members 1st debit and credit cards are housed in one easy-to-use area of Members 1st Online and our mobile app. You may simply go to Services » Card Management to get started.

If you have questions and need assistance, call Customer Service at (800) 237-7288.

Below are a few photos of what the Mobile Card Controls screens will look like on your mobile phone.

You can access card controls by tapping card management on your the menu on both the mobile app and on your desktop. From here you may access Alert Preferences, Spending Controls, and more.

Main Card Controls screen:


Spending controls screen:


Alert Preferences screen:


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Seven Strategies to Pay Off your Mortgage Early

Spring in Suburbia

1. Bi-weekly payment plan – Pay half of your monthly payment every two weeks. Some months will have an additional payment. This could add up to an extra full payment per year.

2. Matching principal payment plan – Add your initial principal payment to every monthly payment that follows. This shaves years of your mortgage and saves interest.

3. Make an extra full payment per quarter – In some cases, this can take up to 11 years off your mortgage.

4. Cash influx – Put unexpected cash, like an inheritance, birthday gift, tax refund, etc., toward your principal balance.

5. Refinance to a 15-year loan – This is helpful if you’re on track to pay it off early, rates are low, and you’re early in the mortgage. Consult  your mortgage professional if you’re not sure.

6. Divide your mortgage payment by 12 – Add this amount to your monthly payment and make one extra payment per year.

7. Do what you can  – Make small budget cuts and save money to contribute toward your principal.

Source: Bureau of Consumer Financial Protection, ATTOM Data Solutions


Our Mortgage Services team looks forward to helping you.

Contact us today at (800) 283-2328, ext.6026 or online by clicking here.

Work-Life Education: Understanding your Total Compensation

Work-Life-GraphMost of us know how much we bring home in our paycheck, but how well do we understand our total compensation?

Total compensation is everything your company provides to you in exchange for your work. It includes base salary, bonuses, benefits, perks and on-site amenities. When we add all this up, your total compensation is often two or three times your base salary.

Compensation includes your base pay and any other variable pay or commission. Most organizations, including Members 1st, will keep an eye on the market in order to continually offer competitive wages.

Take a moment to look at your medical plan’s benefits summary guide to make sure you understand the levels of coverage you are purchasing. Also, are you utilizing a Flexible Spending Account or Health Care Savings Account? Either of these allow you to set aside your pre-taxed income to pay for healthcare-related costs during the plan year. It is a great way to save and it could reduce your taxable income. Most employers offer a 401(k): a retirement savings plan that allows you to invest a piece of your paycheck before taxes are taken out. To encourage employees to save their money, most employers offer a “match.” The employer contributes a certain amount to your 401(k) based on the amount of your own contribution. These funds, once vested, are your gift from your employer toward your retirement. Are you saving enough in your 401(k) to get your full “gift”?

Career Development
Determine if your employer offers additional training to help advance your career. Members 1st University is our learning and career development hub. We also offer full-time associates funds toward completing their educational goals. You may be able to save thousands on career development and might not have realized it was even offered.

Understand your Paid-Time-Off (PTO) program and learn how much you receive at your hire or if you accrue time off each pay period. At Members 1st, we strive to support our community, and give our associates PTO to spend with their families or do the things they love. We find creative ways to provide recognition for Associate of the Quarter/Year, Anniversary Awards, peer recognition and annual company events.

Don’t be afraid to ask your Human Resources team questions about your total compensation. You may be missing out on some excellent benefits.

By Sara J. Kennedy
Senior Vice President of Associate Experience
Members 1st FCU

Sara Kennedy-11.2018-MW

Build Your Future Here

Browse job openings by clicking here and visiting our career page!


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Mobile device security: Keep your information safe

Group of People Connection Digital Device Concept

A few years ago, mobile phone security was the last thing on most minds. But today, so much information is transmitted on your phone. Some may say it is even your life-line since traditional phones are being used less and less. Read below for some tips from technology experts that review the most effective ways to keep your mobile phone secure.

Use a passcode lock. Use a stronger password by making it longer (good advice for
any device that has a login or password). Take advantage of the 6-digit option on
your iPhone. Your Android can have up to 16 digits for a numeric password. Set up
an aggressive time-out. This way if you are not using your phone for a short period of
time, your phone will lock and you will be required to type in a passcode, use your
finger, or complete a pattern correctly to regain access. Believe it or not, this basic safeguard is sometimes overlooked, generally for the reason of convenience. Also, don’t set your password to 0000, 1111, or 1234. This will also put you at risk since these are likely the first combinations someone will try when attempting to gain unauthorized access to your device.

Protect your data. Set up remote wipe to allow yourself to delete the contents of your phone if it gets stolen. Your data should be safely backed up in the cloud, so you should
not permanently lose your photos and notes. But since it could be too late by the time you realize the phone is missing, take advantage of the built-in data protection features. Encrypting your phone will store your device’s data in a scrambled form that can only be decoded with your passcode. If it is stolen, the thief cannot access your emails, photos, and personal information without the PIN or password you set while encrypting the phone.

Don’t click on a trick. Be suspicious of free download offers and phishing scams. Often these scams occur when a cyber thief calls, texts, or emails while posing as a business and attempts to collect your login information. A sophisticated scammer can create a site that looks legitimate, so don’t follow links in messages. If you want to login to a site, navigate to it the way you normally do.

Wi-Fi in public is not secure. Even though connections to public Wi-Fi will say they are not secure, not all users notice this alert, and some may not even know what it means. Instead, using a virtual private network (VPN) will significantly boost security for your sensitive data. Disable automatic connections to open Wi-Fi and only connect to trusted networks. Data transmitted over any connection that you do not fully control could potentially be compromised. Shut down Wi-Fi and Bluetooth connections when you’re done, and be sure to only use trusted Wi-Fi providers.

Download phone apps from trusted sources only. Use the Apple Store or Google Play. Do not put any unsolicited software on your phone. Read the full detailed description of any app you download. You will be shocked at how many of them request access to things they do not really need such as your camera, flashlight, speaker, contacts, and more. Find an alternative to any that are too intrusive.

Keep your operating system software current. When you receive the notification to update your phone, try not to hit “remind me later.” The latest software updates from the manufacturer will likely include security improvements that address vulnerabilities cybercriminals can otherwise exploit. With smartphone ownership reaching 77% of U.S. adults, hackers have taken notice and malware targeting those devices has surged by 54% in 2018.

Use your phone for business purposes with care. Ninety percent of workers in the United States use their personal smartphones for work purposes. Data security is one of the biggest risks. Employees who are using their personal devices for work put corporate content and data at risk —whether it is contacts, messages, a sales report or new product information — whenever it is accessed from outside the corporate network or shared with multiple users.

Prepare your phone when you upgrade. Always factory reset and clear data on your device before you sell or recycle

Delete text messages or emails that may contain sensitive information. If you need to send over a copy of your social security card, passport, or any personal data, it is best not to keep a copy on any of your devices. But if you have no other options, delete the text or email from your device afterwards.

Don’t share your device with others.
Mobile phones only have one user account; therefore, one password accesses all the data in the phone.

Members 1st cares about the safety and security of our members and their financial information.

For more educational resources, view our important documents and our privacy policy.

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Must-have Features You Should Look for in a Credit Card

lady with long hair holding card_16711118_xxlWith so many credit card options out there, how do you know which card is best for you? Don’t get stuck with rewards that you won’t actually use. Be in the know with our quick guide to credit card rewards.

1. Choices

Do you prefer cash back on your purchases or points that you can redeem? Before you apply, consider if the card comes with a rewards program that actually fits your lifestyle. Otherwise, you might get stuck with a bunch of points or miles that you’ll never redeem — something that happens to 1 in 5 consumers, according to NerdWallet’s research on rewards cards.

2. $0 Annual Fee
Why pay for the privilege of having a credit card? If you see this in the fine print, it should definitely raise a red flag.

3. Travel or trip perks
Look for a card that has benefits such as trip cancellation, roadside dispatch, concierge and more.

4. Emergency benefits
Extra benefits such as emergency medical and dental, plus emergency card replacement can really come in handy in a pinch.

5. Flexible redemption options
Be sure that it’s easy to access your cash back or redeem your points. A simple transfer or online points redemption website should allow for ease of use.

Other considerations:

Pick a card that offers rewards you’ll actually use – As mentioned above, decide if earning cold, hard cash or points is best for you.
Budget carefully every month – Be sure you can handle your monthly payment
or pay it off each month. You want the benefit of the rewards, not extra debt to deal with.
Keep your account in good standing – A big mistake is to fall behind on payments. This will affect your credit score.
Be smart about redeeming your rewards – Know when to redeem your points or to cash-in. If you are looking to build up a stash of cash or earn a larger item with points, you may want to wait several months before redemption.

Compare your current credit card today! Click here.

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How to Build Home Equity

decorating our home

Knowing how to build equity in our home begins with making sure you understand exactly what home equity is. Home equity is most simply described as your stake in the house. It is defined as the difference between the outstanding balance of all liens on the property and the fair market value. For example, let’s say your property is currently worth $200,000 and you only have one mortgage secured against it with an outstanding principal balance of $125,000. In this case, you would have $75,000 in equity.

In a nutshell, there are two ways in which we can effectively impact the equity in our homes: 1. We can increase the market value and 2. We can decrease the amount we owe on it.

Increasing Market Value

My own personal favorite is watching the equity in your home grow through the increasing market price of similar homes in our neighborhood. It’s one of the reasons we buy a house to begin with—homes appreciate over time as a historical trend. We have zero control over the economic cycles of real estate in our region, so let’s focus on two things you can do yourself to increase the market value of your home.

  • Routine Maintenance – Keeping your property in good condition can ensure you protect the home equity you already have. Improving the condition of your property will help you gain even more equity as a result. Ignoring water leaks, bugs, or shingles damaged in a storm can lead to significant damage over time. Water intrusion and termites are both common causes of structural damage if ignored and end up robbing you of home equity if let go. If paint starts to peel on your window sills scrape it and paint it. If cracks or deterioration appear in your masonry have it re-pointed. Protect your investment and equity through proper maintenance!
  • Home Renovations – Updating kitchens and bathrooms to current trends and finishes will usually pay off by increasing property value. Replacing old windows and home systems with newer energy efficient models also protect the equity in your home. Adding square footage may also increase value especially if adding bedrooms or bathrooms. It’s important to realize that some improvements cost more than the corresponding value your home will gain as a result of the upgrade. In most cases adding a $30,000 pool to the back yard does not equate to selling your home for $30,000 more, for example. In addition, know that you can actually over-improve the house for the neighborhood which can decrease the return on your renovation investment. If you’re in a neighborhood of $125,000 starter townhomes and you upgrade to custom cabinets, granite countertops, and wide plank reclaimed barn wood floors, you very well may not recoup the cost of those improvements when selling or attempting to tap into home equity. When done thoughtfully, however, home renovations are the best way for you to personally increase the value of your home.

Reducing Home Debt

There is no trick to this, it simply means paying down the balances you owe on any loans secured against the home as collateral. The majority of these types of loans are amortized, meaning that a portion of each monthly payment goes toward reducing the principal owed, thus home equity grows naturally as you make each payment.  Let’s look at a few creative ways to speed up the growth and build equity faster than making your normal monthly payments.

  • Larger Down Payment – Consider a larger down payment when initially making the purchase so that you have more equity from the start. Just because the mortgage program has a minimum down payment requirement doesn’t mean you can’t put down more.
  • Consider Shorter Terms – Along with a larger down payment, selecting a loan term shorter than 30 years at the time of purchase helps you gain equity in the home more quickly and it starts with your very first payment. Yes, your monthly payment will be higher, but every penny of that increase goes toward paying down your principal balance. Perhaps you’re nine years into a 30-year term, consider shortening that term to a 15-year term through refinancing. Refinancing is not free, and the rate environment is always a factor as well, but with a proper loan comparison this may be an excellent option to build equity faster than your current loan scenario.
  • Pay Additional to Principal – There are lots of ways to get creative with this one. Use your tax refund, bonus, or portion of an inheritance received to pay down principal in large chunks. You can do it more regularly on a monthly basis if you want to. If you can’t do it every month then do it when you have extra cash, as every little bit helps! As a general rule, if you pay an additional 10% of the required principal & interest (P&I) payment every month you can knock a little more than five years off a 30-year fixed rate mortgage. So let’s say your required monthly P&I payment is $1,000 on $186,500 mortgage fixed at 5% and amortized over 30 years, but you pay $1,100 every month. Not only will you be gaining additional equity with each payment but you’ll save yourself about $65,000 in interest to own that home.



By Geoff Longwell, Mortgage Originator

Watch our informative videos featuring Geoff and other members of the Mortgage Services team on! »

Questions?  Click here to visit our website.

Or contact our Mortgage Department at (800) 283-2328, ext. 6026 (Mortgages) or our Consumer Lending Department (Home Equity) at (800) 283-2328, ext. 6040.


4 Tips to Keep Your Holiday Budget in Check

Christmas cookies with festive decoration and christmas lights on white wooden background. New Year and Christmas concept.

Temperatures are dropping, the holidays are just around the corner, and those TV commercials are advertising holiday specials. Shopping for most consumers begins early, so we are providing you with some tips and tricks on how to best budget for the season.

1. Do your homework.

Take a look at your spending from last year. Did you overspend in some categories? Decide how much you can afford to spend this year, and know your limit before you begin shopping. Start saving ahead of time by utilizing products like our Holiday Club and Goal Savings.

2. Make a list, and check it twice!

Make a list of all your holiday purchases and upcoming events. Assign each purchase a specific dollar amount and trim down your list as needed to fit your budget. Remember, paying cash makes overspending obvious!

3. Remember those unexpected costs.

They may seem small, but unplanned holiday expenses can really add up over time! Consider greeting card purchases, food purchases, last minute gifts, travel expenses, charitable giving and mailing costs. Adding a miscellaneous line item to your budget may help cover unexpected costs as well.

4. Consider inexpensive holiday activities.

Plan a holiday craft or movie night with friends and family. Add some hot chocolate to your thermos and drive around looking at holiday lights. Bake cookies for neighbors, or go caroling with friends. Homemade gifts are wonderful, too!

The goal is to spend your holiday season with your friends and family, so plan and save ahead for your holiday shopping!

By Rachel Mathias, Financial Education Coordinator

Pay yourself while you shop!

Earn cash back rewards on all online or point-of-sale purchases with our Visa® Credit Card!

Click here for details.


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