A Message from the President of Mainstreet Credit Union

 
Mainstreet is dedicated to providing financial peace of mind to you and your family during these uncertain times. I am sure many of you have been impacted by the evolving pandemic. Rest assured, our dedicated team is here to help you during these uncertain times.
 
1. Your money is safe with us
Mainstreet Credit Union has been a trusted financial partner in the Kansas City area for more than 65 years. Deposits made into your accounts are federally insured by the National Credit Union Administration (NCUA(opens in a new window)). Each account is insured up to $250,000 and is similar to the protection the FDIC provides banks.
 
2. You can manage your accounts & make transactions from home
Under direction of the CDC, we believe members should practice social distancing to minimize potential contact and spread of coronavirus. We offer online and mobile solutions to manage your funds so that you can stay home and stay well. You can:
  • Check your balance, make transfers, schedule bill payments, order checks & more with OnlineAccess(opens in a new window)
  • Deposit checks, set up alerts, transfer funds, and manage your account from your smartphone using our mobile app MCU Mobile
 
3. We have options if you're struggling right now
For members greatly impacted by this pandemic, please contact us(opens in a new window). We are here to help! Ask a team member about the solutions we offer for individuals dealing with financial uncertainty.
 
We will get through this together.
 
Stay well!
 
 

When will I receive an Economic Impact Payment?

The first batch of Economic Impact Payments, otherwise known as stimulus checks, posted to accounts on April 15, 2020. Your stimulus check may have posted directly to your account if you have established this account for direct deposit of tax refunds or Social Security Benefits.
 
If you need more information about your payment status or to confirm your payment type visit the IRS website.
 

The quickest way to see if you have received the funds:

  • OnlineAccess - View up-to-the-minute account information, make loan payments, transfer funds, and view or print your account statements. You can also export account information to your personal finance management software.
  • MCU mobile app - Convenient account access when you are on the go. Our mobile app lets you access your accounts and make transactions from your smartphone or tablet.
  • Phone Access - Phone Access is a 24-Hour Voice Response System. Call 913.599.2400 or Toll-Free 888.316.2400, then select 17 for savings deposit history or 36 for checking history. You will need your Phone Access PIN number.
  • Alerts - Receive a text or email you when your balance goes above a designated amount. To set alerts go to OnlineAccess> User Options> Alerts.
 

What if I receive a paper stimulus check in the mail?

Not everyone will receive a check via direct deposit. If you are mailed a check, we can help with that too.

  • Mobile Check deposit - Deposit checks from anywhere, so you can have your money faster. To get started, simply log into OnlineAccess and click the “Additional” tab. Then click on Mobile Deposit to enroll.
  • ATM deposit - If you have an ATM or Debit Card, and you know your PIN number; you can make deposits at any Mainstreet ATM location. 
  • Drive-Thru deposit - Visit one of our Drive-Thru locations and a Teller will assist you with your transaction. Bring your ID, and member number to ensure your transaction is processed smoothly.  
 
If you would like to speak with one of our representatives, Mainstreet’s Member Assistance Center is operational Monday - Friday from 8 a.m.- 6 p.m. and Saturday from 9. a.m. - 1 p.m.
 
Keep in mind, we are experiencing higher than normal call volume. Please be patient as we work to assist all members during this busy time. If you don’t have time to hold, use our convenient call back option.
 

Meet Chris Resch, Mainstreet's newest CFS* financial advisor


Whether you’re young and just getting started, planning for college, nearing retirement or currently in retirement, I understand that financial needs are unique for every individual or family. That’s why I choose to invest my time to understand what goals you’re working toward, before we invest your money.
 
I’ve helped individuals and families achieve their goals by tailoring specific strategies to create a plan. Once the plan is in place, progress is monitored to help ensure we are staying on track. I’m dedicated to providing top-notch client experience and will make adjustments where needed, as life changes.
 
My career as a financial advisor began in 2017, after years of working as a business consultant. I chose to become a financial advisor to work with individuals and families in areas of their lives – that are extremely important to them.
 
What I Do – My consulting experience is the core of how I connect with people, understand needs, create specific strategies, execute those strategies, and partner to help achieve those goals. Our partnership does not begin and end with our initial meeting, it exists throughout life to accomplish your goals.
 
To set-up a no-obligation, no-cost appointment, send Chris an email at cresch@mainstreetcu.org.
 
*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.
 
 

Coronavirus Outbreak: Fear Can Lead to Fraud

Scammers are taking advantage of fears surrounding the Coronavirus. They’re setting up websites to sell bogus products, and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information. The emails and posts may be promoting awareness and prevention tips, and fake information about cases in your neighborhood. They also may be asking you to donate to victims, offering advice on unproven treatments, or contain malicious email attachments.
 
TIPS TO KEEP SCAMMERS AT BAY
Avoid unfamiliar links. It could download a virus onto your computer or device. Make sure the anti-malware and anti-virus software on your computer is up to date, otherwise you leave yourself open to viruses.

Only trust the experts. Watch for emails claiming to be from the Centers for Disease Control and Prevention (CDC) or experts saying that have information about the virus. For up-to-date information, visit the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO).
 
Ignore online offers for vaccinations. If you see ads touting prevention, treatment, or cure claims for the Coronavirus, ask yourself: Would you be hearing about this for the first time through an ad? Probably not.
 
Research organizations before you donate. Do your homework when it comes to donations, whether through charities or crowdfunding sites. Don’t let anyone rush you into donating. If someone wants donations in cash, by gift card, or by wiring money, don’t do it.
 
Be alert to “investment opportunities.” The U.S. Securities and Exchange Commission (SEC) is warning people about online promotions, including on social media, claiming that the products or services of publicly-traded companies can prevent, detect, or cure Coronavirus and that the stock of these companies will dramatically increase in value as a result.
 
If you come across any suspicious claims, report them to the FTC at ftc.gov/complaint.
 
Source: Federal Trade Commission
 

 

Educator Excellence Awards

As a former teacher’s credit union, Mainstreet loves to show appreciation for educators within the community—but, it doesn’t stop there. The credit union recognizes its responsibility to show how impactful education can be for future generations.
 
Each month, two high-performing teachers are awarded the Olathe Public Schools Foundation Educator Excellence Award for dedication to their students and curriculum. Each recipient is surprised with a $500 check to take home. To win the award, essays were submitted by former and current students, student’s parents, and fellow teachers.
 
TAKE A LOOK AT THESE RECENT ROCK STAR TEACHERS!
 Beth Zaruba accepts award for excellence in education
 
Lisa Stubblebine accepts award for excellence in education
 
 
 
 
 

Commitment to Financial Wellness in Schools

Mainstreet is proud to offer a learning solution that helps teachers adapt in these changing times
 
Financial literacy is becoming more important every year. Mainstreet was first chartered as an educators’ credit union, so helping support area schools improve their students’ financial well-being is right up our alley. During the 2019-2020 school year, Mainstreet joined forces with schools in nine local school districts to teach the Banzai! program. The program curriculum helps young minds tackle real-world financial problems like saving for a big purchase, managing life’s unexpected events, saving for college and more.
 
During first semester, more than 2,080 middle and high school students learned the importance of financial literacy, and some schools received visits from Mainstreet staff to engage students while completing lessons within the program.
 
With school closures due to the Coronavirus, the Banzai! program transitioned seamlessly from classroom to online learning. It is estimated now that 92% of classroom learning in the U.S. is done online. Banzai! was built for circumstances just like this, and quickly added topics to their platform, as a reference for adult educators and students who found themselves suddenly teaching and learning online. New articles added include; “Managing Money in a Crisis”, “Finding Funds in an Emergency”, “Out of Work, What Now?” and many more.

Attention Homeowners: Unlock your home's equity

If you own a home, it may be time to leverage the equity to access more funds through a home equity loan or line of credit. Remember, as a homeowner you build equity each time you make a mortgage payment.
A few more reasons to consider establishing a HELOC:
 
Great source of cash
Gives you the security of knowing the money is there if you need it, and you only pay for what you use.
 
Low interest rates
Enjoy a lower rate than most credit cards or consumer loans.
 
Tax advantage
Interest paid on home equity loans may be tax deductible.
 
Perfect savings tool
Home equity loans allow you to consolidate debt, get a lower interest rate, and receive the tax advantage.
 
Mainstreet offers home equity loan and line-of-credit products to fit your needs. Call us at (888) 395-1010 or apply online.
 
 
 
 

Annual Meeting Postponed

The Annual Meeting has been postponed until a new date can be scheduled. Details soon to come.
 
Our 2019 Annual Report is now available.
 

2020 Shred Days

Saturday, June 27
California Trail Middle School
13775 W. 133rd Street, Olathe, KS
 
Saturday, September 26
Johnson County Government Offices
6000 Lamar Ave, Mission, KS
 
Saturday, November 7
Shred-It Facility
10000 Lackman Road, Lenexa, KS
 
Shred Days are held from 9 a.m. to Noon, unless trucks are full. This is a FREE service 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. These items potentially cause serious injury to volunteers and truck operators.