Market News Fall 2020

Tap Into the Equity in Your Home

We're living in unprecedented times and the comfort of our home is more important than ever. Are you looking to build a better space for your office, finish your basement, remodel your kitchen or put on an addition? Whatever your needs, we can help with a fixed-rate Home Equity Loan or a Home Equity Line of Credit (HELOC). While you can use these types of loans for any purpose, the interest may be tax deductible3 if you use the funds for home improvements.

With a fixed rate loan, you can borrow for a specific term and your rate will not change throughout the life of the loan. With a HELOC, you can take an advance at any time, up to your limit. Your HELOC rate may change as Prime changes.

  • Fixed-Rate Home Equity Loan
  • As low as 4.49% APR1
  • Borrow from $5,000 - $200,000
  • Up to 80% of your home's value
  • Terms of 5 - 15 years
  • No closing cost options2
  • Home Equity Line of Credit
  • 3.25% APR1
  • Borrow from $10,000 - $200,000
  • Up to 85% of your home's value
  • Enjoy a 20-year draw period
  • No closing cost options2

Apply online or call 301-586-3400.

1 Annual Percentage Rate current as of 9/1/20 and subject to change without notice. Rates are based on an evaluation of each applicant's credit and selected term. Your actual rate may vary. Payments at 4.49% APR for 60 months are approximately $18.71 per thousand per month, not including insurance or taxes, which could raise your obligation. Minimum Home Equity Loan is $5,000. Home Equity Line APR is variable and the maximum APR is 18%. Rate is Prime - 0.50% with a floor of 3.25%. Subsequent rate changes occur quarterly based on the Prime Rate, which was 3.25% as of 3/16/20. Minimum Home Equity Line of Credit is $10,000. 2 Closing costs will be waived if you (a) finance a minimum of $20,000 on a Home Equity Loan and (b) maintain our Security Interest in the Security Property for at least 36 months. Closing costs typically range from $0.00 to $1,500.3 Please consult your tax advisor for more information. 4 Actual savings may vary.

Refinance Your Mortgage and Save

With mortgage loan rates at historical lows, now may be the best time to consider refinancing your mortgage. We have a variety of options to help you lower your payment and/or reduce the term of your loan with our great rates and low lender fees. For more information visit our Mortgage page or contact a mortgage consultant at 571-328-5036.

To: Our Members
Help for the Holidays

We understand how difficult it can be to budget for holiday expenses - and this year is no exception. Our Holiday Loan is the perfect short-term solution, allowing you to prepare and cover costs in advance.

  • Rates as low as 5.99% APR*
  • 12 month term
  • Borrow up to $5,000

So make your list, check it twice, and turn your holiday budget from naughty to nice. Apply online or call 301-586-3400.

* Annual Percentage Rate current as of 10/1/20. Offer available until 2/28/21. 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 5.99% APR for 12 months are approximately $86.34 per $1,000 per month. Financing for qualified Market USA members.

New ATM Now Available at Our Hyattsville Branch

We now have a full-service ATM at our Hyattsville Branch (8200 Professional Place, #105, Hyattsville, MD 20785)! You can make deposits, withdrawals, transfer funds or make a loan payment. Members have been asking for an ATM at this location for quite a while, so we are excited to be able to offer this service at our Hyattsville branch.

Save BIG This Holiday Season!

There's no time like the present to leave fees and high interest rates behind! Our Visa Platinum has no annual fee, no balance transfer fee, and no cash advance fee. Plus, we offer great low rates!

  • 0% introductory APR*for 6 months on purchases, balanced transfers and cash advances
  • Rates as low at 9.25% APR* after introductory period
  • Credit line up to $20,000
  • Choose between Visa Platinum and Visa Platinum Rewards. Redeem points for merchandise, air travel, cash back and more!

Are you ready to save? Apply online or call 301-586-3400.

* Annual Percentage Rates (APRs) effective 9/1/20 and subject to change. 0% introductory APR valid for 6 months from initial card insurance. Thereafter, the variable rate will be between 9.25% and 18.00%. The APR is calculated as Prime + a margin between 6.00% and 16.00%. Prime is 3.25% as of 3/16/20, Actual rate may vary and is based on an evaluation of each applicant's credit.

Our Maryland Branches Are Open

Our Laurel and Hyattsville Branches are open Monday through Friday from 9:00 am - 4:00 pm. The following steps are in place to ensure your safety:

  • A maximum of 10 members will be permitted in the lobby at one time (please keep an eye out for the social distancing decals on the floor)
  • All members will be served from behind the teller line
  • Masks are required to enter the branch. All members will be asked to briefly lower their masks for purposes of positive identification
  • Anti-microbial pens will be available for usage and the lobby is being routinely cleaned

Our Mauldin Branch is available through drive-thru only at this time.

Great Staff + Great Members = Great Place to Work for the 2nd Consecutive Year!

We are excited to share that Market USA has been Certified™ by Great Place to Work®: for the 2nd year in a row! In order to be certified, Great Place to Work conducts an independent analysis through an in-depth employee survey. Great Place to Work recognizes leading organizations in the US and more than 60 countries. Since 1992, they have surveyed more than 100 million employees around the world and use those deep insights to define what makes a great place to work.

Member Only Deals Through Love My CU Rewards

Your credit union membership is about the trust and care of community, built around where you live, work and play. That's why Market USA membership saves you money via exclusive member-only offers through our trusted partners. Credit Union members have saved over $2 billion with Love My Credit Union Reward offers like:

  • Savings up to $15 on TurboTax federal products.
  • Exclusive discount from the TruStage Home & Auto Insurance Program.
  • Members save on SimpliSafe, the #1 expert pick for home security.
  • Save 30% on premium identity protection from Financial Lock.
  • Exclusive access to the Love My Credit Union Rewards Powersports, RV & Boat Buying Program.
  • Save on car maintenance + get $10 off your first service using CarAdvise.
  • Save 40% on a 1-year membership to Sam's Club.
  • Build your credit history with rent and save up to 30% with Rental Kharma.
  • Save $40 on Calm, the #1 app for meditation and sleep.
  • Save on your Travel and Entertainment needs like Car Rentals, Hotels, Theme Parks, Movie Tickets and more!

Learn about how your Market USA membership gets you all these exclusive savings and more at LoveMyCreditUnion.org. Check them out and start enjoying credit union member benefits you never knew you had.

Visa Check Card Notice

Effective November 15, 2020: Change to Point of Sale Transaction (POS) Dollar Limits. Pin Based - $2,500 per day. Visa Check Card Debit/Signature Based - $2,500.00 per day.

Holiday Closings:

  • Columbus Day - October 12, 2020
  • Veterans Day - November 11, 2020
  • Thanksgiving Day - November 26, 2020
  • Christmas Eve - Closing at 1 pm December 24, 2020
  • Christmas Day - December 25, 2020
  • New Year's Eve - Closing at 1 pm December 31, 2020
  • New Year's Day - January 1, 2021