You don’t have to break the bank to enjoy your summer. It's as easy as one, two, FREE!
Summer is the perfect time for vacations, barbeques, and spending time with family and friends. It's also the perfect time to take advantage of our checking promotion! From now until September 30th, when you open a checking account with Mainstreet you can earn $150 dollars when you complete the checklist below.
- Sign up for eStatements
- Set up direct deposit
- Make 10 debit transactions in 90 days
But why should you choose our checking account over others? Here are just a few reasons:
- Access your account 24/7 via phone, online and mobile device.
- Minimize your footprint with eStatements and our free online bill pay service.
- Overdraft Protection from your savings account
- Free ATM Debit Card
- 30,000 free CO-OP ATMs nationwide
*Offer valid for checking accounts opened between July 1st, 2023, and September 30th, 2023. Limit to one account per person. Valid for new Members and current Members without an established checking account. Requires new checking relationship with the Credit Union (those with existing checking accounts do not qualify). $150 Bonus - Checking Account Bonus Requirements: Membership eligibility required. The Member must open the checking account by September 30th, 2023. The Member must have 10 posted point of sale purchases within 90 days from account opening (Transactions exclude refunds/credits, and ATM transactions). Membership account number tied to the checking account must be enrolled in e-Statements and have direct deposit posted at least twice from the same source of at least $200. $150 will be deposited into the primary savings account within 60 days of meeting the qualifications. Accountants must be active and in good standing with no fraudulent activity. Business, Minor, Trust, Custodial, and Representative Payee accounts are not eligible for this promotion. All bonus payments will be reported to the Internal Revenue Service as an extraordinary dividend in the year they are paid. Offer is subject to change without notice. Employees, Board of Directors, and volunteers of Mainstreet Credit Union are not eligible. Federally Insured by NCUA.
Come see us at Fourth Fridays!
Fourth Fridays is an annual celebration held in downtown Olathe all summer long. Join us in the parking lot of our Olathe Downtown Branch at 101 W. Loula and enjoy great kids’ activities like Jenga, Connect Four, and temporary tattoos. We will also have seating available so you can watch the concert! The event will be open from 6-9 p.m. on July 28th and August 25th.
Due to construction in the area, the event has been moved closer to our Olathe downtown branch. To accommodate set up for the event, a few streets downtown will be closed on event days. Closures include Cherry Street from Santa Fe to Cedar, Park from Chestnut to the County Square, and Loula from Chestnut to Kansas.
Access to our Olathe Downtown branch will be limited all afternoon on the 4th Fridays in July and August. Until 3pm, the only intersection that can be entered or exited from is Chestnut and Loula (see Image One.) After 3pm, they will return to all closures fully staffed. We apologize for any inconvenience this may cause. For more branch locations click here.
How to Protect Yourself from AI Fraud
Artificial intelligence (AI) is revolutionizing the way we live and work. With the utilization of voice cloning technology, it is also changing the way scammers play their games to intimidate consumers into opening their wallets and providing banking or personal information. Here is what you need to know about AI fraud and ways to protect yourself.
What is AI Fraud?
AI fraud is the use of artificial intelligence to impersonate a real person that can be a highly sophisticated and effective form of deception. Fraudsters use AI to pull off scams with the use of creating fake identities, fake documents and even being able to spoof phone numbers or email addresses. Individuals and organizations need to make sure they are aware to protect themselves from fraudulent activity.
AI systems can be used to impersonate a real person in several ways, depending on the specific context and the capabilities of the AI system used. Often, they will pretend to represent celebrities soliciting for money or information. Similarly, they may create fake websites or emails that appear to be from legitimate sources, such as a financial institution or government agency and ask people to provide personal information, card number, pin number or login credentials. It can also be a tool to coerce individuals into sending money.
AI Fraud can occur in several different forms, such as:
- Phishing emails
- Smishing text messages
- ID theft
- Fake news
- Social engineering
What are some Red Flags to look for?
- Grammar and organization of writing could contain errors and be less well-organized.
- Unusual website or URL
- Being asked for personal information, card information or login credentials by an unverified contact
- Unusual activity on your social media accounts
It is important to investigate if you identify any of these signs. If the contact claims to represent a government agency or your financial institution, do not engage with the person. Reach out to the agency or business that supposedly contacted you through a verified contact number (via a verified website or a phone number on your statement or card) to see if the communication is legitimate.
How to Protect Yourself from unverified/unknown sources
- Hang up and use another method to contact source the through a verified method of communication that was not provided at the time of the suspicious contact.
- Be cautious with sharing sensitive personal and bank card information. Never share email address login credentials or banking login credentials.
- Use strong and unique passwords across each of your accounts.
- Keep your device’s security at its strongest setting (such as enabling two-factor authentication) and use up to date software and antivirus software.
- Educate yourself and your family members on common signs of fraudulent activity, such as unsolicited requests for personal information or offers that seem too good to be true. Maybe even establish a family emergency code word or passphrase to use for verification purposes.
If you think you have been targeted:
First, you should act quickly and change your passwords. Second, report the suspicious activity to us to let us know your information has been compromised. Next, reach out to your credit card companies and let them know about the fraud. For additional steps if your identity has been stolen, go to identitytheft.gov to learn more.
Protect yourself, your data, and stay safe!
Business Loans Designed for Entrepreneurs Like You
Our Business Services team has a range of financial products and services tailored to small business owners’ needs. Our Business Services team is here to help you manage your finances and achieve your financial goals.
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Fans can play the Mainstreet Matchday Trivia game every gameday through the Sporting KC mobile app. All you have to do is sign up to participate. Playing the trivia game gives you a chance to win some of the coolest seats at Sporting KC! For more information, check Sporting KC’s Instagram page!
Retirement Income Planning
You may have a very idealistic vision of retirement — doing all the things that you never seem to have time to do now. But how do you pursue that vision? Social Security may be around when you retire, but the benefits may not provide enough income for your retirement years. Few employers today offer a traditional company pension plan that guarantees you a specific income at retirement. People are living longer and must find ways to fund additional years of retirement. Today, sound retirement planning is critical.
Retirement planning is easier than it used to be, thanks to the many tools and resources available.
Determine your retirement income needsMany people think of retirement income as a percentage of current income; that percentage could be anywhere from 60% to 90%, or even more. To determine your specific needs, estimate your annual retirement expenses.
Use your current expenses as a starting point but note that your expenses may change dramatically by the time you retire. If you're nearing retirement, the gap between your current expenses and your retirement expenses may be small. If retirement is many years away, the gap may be significant, and projecting your future expenses may be more difficult.
Remember to take inflation into account.
Calculate the gapOnce you have estimated your retirement income needs, take stock of your estimated future assets and income. These may come from Social Security, a retirement plan at work, a part-time job, and other sources.
Figure out how much you'll need to saveBy the time you retire, you'll need a nest egg that will provide you with enough income to fill the gap left by your other income sources. But exactly how much is enough? The following questions may help you find the answer:
- When do you plan to retire?
- What is your life expectancy?
- What rate of growth can you expect from your savings?
When you know roughly how much money you'll need, your next goal is to save that amount. First, you'll have to map out a savings plan that works for you.
The next step is to put your savings plan into action.
Understand your investment optionsYou need to understand the types of investments that are available, and decide which ones are right for you. Mike Thornhill specializes in this type of planning and can help. Contact us today at mike.thornhill@cusonet.com
©Copyright 2023 Broadridge Financial Solutions, Inc.
*Non-deposit investment products and services are offered through CUSO Financial Services, L..P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
Vehicle Loans
It is important to find an auto loan with a low rate to ensure that you are getting the best deal possible. Apply online or visit one of our locations for a helpful conversation with one of our Representatives. We will get you on the road in no time!
A bill in Congress could impact your credit card!
At Mainstreet we want to keep you informed of pending legislation that has the potential to impact your accounts. One service that we offer is the use of debit and credit cards. Credit cards are convenient and the sense of security that comes with knowing funds and transactions are guaranteed by our credit union is paramount. What you may not realize is that using these cards includes a transaction cost.
When you use your credit or debit card, a small fee—known as an interchange fee—is incorporated into the transaction. Interchange is what credit unions, other financial institutions, card networks, and payments processors use to guarantee full payments and recover expenses, such as fraud and theft; fraud monitoring; issuing and reissuing cards; and administrative costs.
New legislation would put your data at risk
Right now, in Congress, there is a bill that would allow retailers to pick and choose which network they use for credit card transactions. With only their bottom line as motivation, due to the protections provided by financial institutions like us, retailers will choose the cheapest – not most secure- option. Interchange is the safety net that allows us to help members when merchant data is compromised. Interchange should only be reduced when merchants are going to start being held financially responsible for their data breaches. The changes proposed by these lawmakers will lead to less secure, less innovative, and higher-risk transactions for American consumers like you. Consumers, small businesses, and small community financial institutions will lose the most if this happens. Send a message to your federal lawmakers and tell them to oppose S. 1838, the Big Box Bill.
To learn more about how you can act click here.
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| We brought some fun to one of the most anticipated golf events in our area- the 22nd Annual NEJC Golf Classic. We were there to support over 200 participants of community leaders during their day of networking and friendly competition. Thanks to the Northeast Johnson County Chamber of Commerce for a great event. | Mainstreet Credit Union is celebrating our 70th anniversary this year, and we want to celebrate all year! To help give back to the communities we serve, our employees have been volunteering and donating to local charities. Last month, our training and development specialist, Bill Purdy, volunteered at Harvesters. Click here to see more ways that Mainstreet is volunteering in our community! | Our Summer mascot Penny, the piggybank, is here and ready for her KC staycation to begin! Penny will be hanging out with our Community Relations Officer, Jillian Miller, to check out all the best spots. Follow us on Instagram to see where she will go next! |
2023 Shred Days
Saturday, October 14th
9 a.m. to noon, unless trucks are full
Shred It Facility / 10000 Lackman Rd. /Lenexa, KS 66219
This FREE service is available to every Mainstreet member. All types of dry paper are accepted. Please make sure your shred materials are clear of plastic, media tapes, corrugated cardboard, electric cords, electronics, lighters, and metal objects. Those items can potentially cause serious injury to volunteers and truck operators.
Please note: Times and locations are correct at this time and are subject to change. Always check the Announcements page on our website at www.mainstreetcu.org/announcements for updates.