Beneficiaries

A Beneficiary is the person (1 or more) or entity you name in your Credit Union account to receive funds upon your death. Beneficiaries have no rights to the account (ownership or management). To Add a Beneficiary to your account: Information Needed: Social Security Number Date of Birth Address Contact Information If the Beneficiary being… Read more »

Joint Owners

A joint account allows more than one person to own and manage it. MCCU considers a Joint Owner to have the same ownership rights on the account as the primary person. A Joint Owner is typically added to the account when the account is opened, however, members are able to add or remove Joint Owners… Read more »

Certificate of Deposit

Also known as a Share Certificate, a CD is a short-term investment tool that earns higher yields than regular share accounts. Check current rates Features of a Share Certificate • Low minimum balance of $1,000. *under 18 is $500.00 • Flexible Terms available from six months to five years • Fixed term at a fixed… Read more »

1099’s

Tax Form 1099-INT will only be issued if $10.00 or more has been paid in dividends and interest. The 1099-INT is delivered with the year-end account statements. No separate mailing is completed, unless your membership has been closed prior to October 1. View and Obtain a copy of your Statement via It’s Me 247: Login… Read more »