Winter 2021 Market News

The Money You Need, When You Need It

Our low rate Signature Loan can help you with unexpected expenses that occur without warning, such as a car repair, or to consolidate high rate credit cards, make home improvements or finance a special purchase. Our repayment terms are flexible, rates are competitive and applying is fast and easy.

  • Rates as low as 7.99% APY*
  • $200 minimum loan amount
  • Flexible repayment terms range from 12-60 months
  • No hidden fees
  • No early payoff penalty

Get started today! Apply online or call 301-586-3400.

* Annual Percentage Rate current as of 1/1/21. Rates are based on an evaluation of each applicant's credit. Your actual rate may vary. Rate includes a 0.25% discount for automatic payment and an additional 0.50% discount for having a qualifying Rewards Relationship. To qualify for a Rewards Rate, you must have e-Statements and one of the following: (a) direct deposit of at least $500 per month and an active Market USA checking account, or (b) at least $25,000 on deposit. Payments at 7.99% APR for 12 months are approximately $87.19 per $1,000 per month. Financing for qualified Market USA members.

Earn More, Save More and Spend with Ease!

Our Free 3.01% APY1 VIP Checking Account is one of the best checking accounts around. It offers a higher yield than most certificates and money markets! Additional benefits include:

  • No minimum balance requirement
  • No monthly maintenance fees
  • 30,000+ surcharge-free ATMs
  • 5,000+ Shared Branches
  • Mobile Check Deposit2
  • Online and Mobile Bill Pay
  • e-Statements with e-Alerts
  • Convenient overdraft protection options
  • Free initial check order (signature style only)

The best part...FREE really means FREE! If you don't meet the requirements to earn the APY, there is NO fee. You simply don't earn dividends in that particular month.

Open a VIP Checking Account today! Simply log into Online or Mobile Banking and click "New Account" or call 301-586-3400.

1 Annual Percentage Yields (APY) current as of 1/1/21 and subject to change. VIP Checking requirements to earn 3.01% APY: (a) enrollment in e-Statements; (b) Monthly Direct Deposit of at least $500; direct deposit from a single source cannot be used to meet the requirement for multiple accounts; (c) 12 Visa Debit Card Purchases per month; minimum purchase $5.00; purchase returns will reduce your number of transactions; and (d) 3 bill payments per month; must be at least $20 each, and may not be made payable to Market USA FCU or to any non-business payee. Splitting a single bill into three payments does not qualify. All Visa debit purchases and bill payments must be posted to the account by close of business on the last business day of the month to qualify. APY applies to balances thru $15,000; balances above $15,000 earn the prevailing rate paid on standard checking accounts. One account per member/SSN. VIP Checking requirements to earn 2.01% APY: (a) enrollment in e-Statements; (b) Monthly Direct Deposit of at least $500; direct deposit from a single source cannot be used to meet the requirement for multiple accounts; (c) 12 Visa Debit Card Purchases per month, posted by the close of business on the last business day of the month; minimum purchase $5.00; purchase returns will reduce your number of transactions. APY applies to balances thru $15,000; balances above $15,000 earn the prevailing rate paid on standard checking accounts. One account per member/SSN. 2To be eligible for Mobile Check Deposit, membership must be established for at least 90 days; checking account must be opened for at least 30 days; account must be in good standing; primary account holder must be at least 13 years of age. Additional restrictions apply. See Mobile Deposit Terms & Conditions at marketusafcu.com for details.

Switching Checking Accounts Has Never Been Easier!

Switch all of your direct deposits and automatic payments to your new or existing account at Market USA in minutes with ClickSwitch! This eliminates the hassle of contacting each business and helps ensure a smooth transition.

  • Using ClickSwitch is Easy!
  • Change financial institutions without the hassle
  • Securely switch direct deposits and automatic payments in as little as 10 minutes
  • Just a few clicks will save hours of time
  • No need to track down payments or fill out paperwork
  • Track switches and receive real-time switch notification
  • Initiate the closure of your previous account(s)

Contact us through our Secure Contact Form or call 301-586-3400 to get started.

Join Us for the Market USA Annual Business Meeting

  • When:Friday, April 23, 2021
  • Time: 5:30 p.m.
  • Location: Virtually

Due to the ongoing pandemic, our Annual Business Meeting will be broadcast via live stream again this year. The Chairperson of the Board of Directors and President/CEO will review our 2020 accomplishments and discuss our plans for 2021. Be sure to check out our website in March for instructions on how to register.

2020 Election Notice

There are four vacancies on Market USA FCU??s Board of Directors. The Nominating Committee has nominated the following members to fill the open board positions:

  • Chris Caldwell
  • Chris has been a Market USA Board member since December 2014. He has worked with Daymon/Retail Odyssey for 5 years as a Business Manager on the Harris Teeter account. Prior to working for Daymon, Chris was with BI-LO for 32 years in Retail Operations, Merchandising and Training and Development. He graduated from Erskine College with a B.S. in Business Management. He is married to his wife of 32 years, Anna. They have 2 sons, Christopher (29) and Connor (24).
  • Robert Watts
  • Rob has been a Market USA Board member since May 2011. He is the Associate Vice President, Benefits Planning for Nationwide Mutual Insurance Company. Prior to joining Nationwide, he served for 14 years in various leadership roles at Ahold N.V. and Ahold USA. Rob received a B.A. in Finance from Towson University and an MBA from Loyola University. He is a qualified accountant (CPA) and holds the Global Remuneration Professional designation (GRP).
  • Bob Reichard
  • Bob has been a Market USA Board member since April 2018. Bob worked for Giant/Ahold USA for 15 years. After a year in the stores, he moved to the Information Systems department, starting out in a junior technical role and working his way up into senior management within the department. After leaving Giant, Bob started his own company and has specialized in network infrastructure for small- and medium-sized businesses for the last 16 years. He has earned numerous industry certifications throughout his career. A summa cum laude graduate from the University of Maryland University College, Bob holds a B.S. degree in both Computer Science and Computer Information Systems.
  • Anthony K. Childress, Sr.
  • Anthony began his career at Giant in 1986. In his 34 years with Giant Food he has held multiple leadership positions and is currently an Assistant Store Manager in Baltimore Maryland. He continues to work on his degree from the University of Maryland in Business Management. Over the years he has been recognized and honored for his contributions to Giant Food. Anthony is currently an active mentor for up and coming management trainees.

In accordance with the credit union's bylaws, no nominations will be accepted at the Annual Meeting unless insufficient nominations have been made to provide for one nominee for each position to be filled. An election will not be held and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled. If there is more than one nominee for each available position, ballots will be sent by mail or electronically, and an election will be held. If the number of nominees equals the number of vacancies, there will be no election and the nominees will be declared by acclamation. The election results will be announced at the Annual Meeting.

Nominations May Also Be Made by Petition

The petition form may be obtained from the Credit Union and must be completed fully and legibly and signed by at least one percent of the credit union's membership (at least 183 signatures, not to exceed 500 signatures). Members who would like to file a petition must file with the Secretary of the Board of Directors by February 12, 2021. Biographical data on the nominee must be submitted with the petition. Biographical and petition forms will be available after January 2, 2021, by calling the Credit Union at 301-586-3400. In accordance with the Credit Union's bylaws, no nominations will be accepted at the Annual Meeting unless insufficient nominations have been made to provide for one nominee for each position to be filled.

An election will not be held and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled. If there is more than one nominee for each available position, an election will be held by ballot boxes placed at our branches April 14 - April 17, 2021. Should there be an election, absentee ballots may be requested by calling the Credit Union at 301-586-3400. Absentee ballots must be returned to the Credit Union by April 17, 2021. If the number of nominees equals the number of vacancies, there will be no election and the nominees will be declared by acclamation. The election results will be announced at the Annual Meeting.

Enter to Win a $1,000 Scholarship!

Are you headed off to college or trade school in 2021? The $12,000 Credit Union College Scholarship Program for 2021 is now accepting applications! College-bound members are eligible to apply for one of ten $1,000 essay-based scholarships; one $1,000 video-based scholarship; and one $1,000 photo-based scholarship. And yes, you may apply in all three categories!

  • This year's essay topic is "How do credit unions demonstrate the phrase, "Not For Profit, Not For Charity, But For Service?"
  • This year's video topic is "Create a 60-second video showing how credit unions help families achieve their financial goals."
  • This year's photo theme is "Improving Lives."

Deadline for applications is March 31, 2021. Scholarship winners will be announced in May 2021. Any member of Market USA entering their freshmen through senior year of college or trade school may apply.

Applications are accepted online at cufound.org/scholarship. Market USA, the Credit Union Foundation MD|DC, and its generous supporters cooperate to make this scholarship program possible.

Get Your Maximum Refund and Special Savings on Intuit TurboTax

Getting your biggest possible tax refund has never been easier. From simple to complex taxes, TurboTax® has you covered.

  • Taxes made easy. Just answer questions about your year, anytime and from any device, and TurboTax fills in all the right forms for you.
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  • Done right, guaranteed. TurboTax guarantees 100% accurate calculations, so you can be confident your taxes are done right.

Market USA works with TurboTax to provide special savings for our valued members - get up to $15 off TurboTax federal products. Visit LoveMyCreditUnion.org to get started today!

Emergency Fund - Start Small, Think Big

Many people wonder how they can build an emergency fund when they're trying to pay off their debts. It isn't as hard as you might think. The strategy is to start small, change a few habits, and change your mindset.

If you're starting from scratch with your emergency fund, begin by saving one month's worth of living expenses while paying the minimum on your credit cards. When you have that first month of emergency funds started, turn your focus to your credit card debt and pay more than the monthly minimum. Once the credit card debt is paid off, go back to building your emergency fund. If your credit card debt is very high and can't be paid in full within a couple of months, then alternate the extra payment every other month: The first month, add to your emergency fund and pay the minimum on your credit cards. The next month, pay more on your credit cards and skip the deposit to your emergency fund, etc.

  • Here are four ways to boost your emergency fund and change savings habits for life:
  • Treat savings as a bill. Figure out what you can afford to save each month and stash away $75, $50, $25, or even $10 a month. No matter the amount, it adds up and can become habit-forming. As your financial situation improves, increase the amount.
  • Live one raise behind. When you get a raise, don't begin spending more. Instead, apply the extra amount to your emergency fund.
  • Automate it. Set up an automatic transfer to your emergency funds account. When the credit union receives your direct-deposited paycheck, you can have a portion of it put directly into your savings or emergency account. Out of sight, out of mind, but you know it's there if you really need it.
  • Think of it as a life jacket. If you can't find that initial spark to get started, ask yourself how you'd pay your bills if you lost your job tomorrow. Having an emergency fund will help you keep "your head above water."

Remember: The professionals at Market USA are ready to help with all your savings needs. Contact us at memberservices@marketusafcu.com or 301-586-3400 to set up short-term and long-term savings vehicles that fit your needs.

IMPORTANT INFORMATION ABOUT YOUR PRIVACY

  • THE FACTS
  • WHY? Financial companies choose how they share your information. Federal law gives consumers the right to limit some, but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your information. Please read this notice carefully to understand what we do.
  • WHAT? The types of personal information that we collect and share depend on the product or service that you have with us. This information can include: (1) name and address; (2) Social Security number and income; (3) types of accounts that you have with us; (4) account balances and payment history; and (5) credit history.
  • HOW? All credit unions need to share members' personal information to run their everyday business - to process transactions, maintain accounts, and report to credit bureaus. Below, we list the reasons that Market USA chooses to share and whether or not you can limit this sharing.

    • For everyday purposes - to process your transactions, maintain your accounts and report to credit bureaus.
    • For our marketing purposes - to offer our products and services to you.
    • For joint marketing with other financial companies. We partner with non-affiliated financial companies to assist in offering and marketing various products on our behalf.
  • HOW TO LIMIT INFORMATION SHARING
  • You can contact us at any time to limit our sharing. To opt out of ALL marketing, please contact us as follows:

  • SHARING PRACTICES
  • How does Market USA protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
  • How does Market USA collect my information? We collect information about you from the following sources: (1) information that we receive from you on applications or other forms; (2) information about your transactions with us; (3) information about your transactions with nonaffiliated third parties; and (4) information from a consumer reporting agency.
  • Why can't I opt-out of all sharing? Federal Law gives you the right to limit sharing only for: (1) sharing with affiliates for everyday business practices; (2) sharing with affiliates that market to you; and (3) sharing with non-affiliates to market to you. Market USA allows you to opt out of all marketing by following the instructions outlined above.
  • What happens when I opt-out of sharing for an account I hold jointly with someone else? Your choices will apply to everyone on the account.
  • DEFINITIONS
  • Affiliate: Financial or non-financial companies related by common ownership or control.
  • Non-affiliates:Financial or non-financial companies not related by common ownership or control.
  • Joint Marketing: A formal agreement between nonaffiliated financial companies that together market financial products and services to you.

Questions? Contact us at 800-914-4268 or 301-586-3400.

Note: When we use the words "we," "our," "us" and "Market USA," we mean Market USA FCU. When we use the words "you" and "your," we mean the following types of members: all members that have an ongoing relationship with us, such as a share account or loan account.

Holiday Closings

  • New Year's Day - January 1, 2021
  • Martin Luther King Jr. Day - January 18, 2021
  • Presidents Day - February 15, 2021