Digital rendering of the new Twin Creeks branch. (Photo/Lisabona Architects)

Our Commitment to Growth

Introducing Mainstreet's plan to build a new branch in the Northland

We are pleased to announce the construction of our newest branch in the Twin Creeks Shopping Center, located at 8451 N. Madison Avenue, Kansas City, Missouri 64119, visible from the Barry Road and 169 Highway interchange.
 
This new full-service branch will feature an open atrium lobby, drive-thru lanes, and an on-site ATM. The 4,500 square-foot building will more than quadruple Mainstreet’s existing location at 234 NE Barry Road, just to the west of North Oak Street. This new building will serve as a flagship branch for the Northland community.
 
“We are very excited about the growth opportunity in the North Kansas City market. The establishment of this new branch reflects Mainstreet’s commitment to providing quality service to our existing area members and serves to welcome those who want to experience the credit union difference,” John Beverlin, President and CEO.
 
Construction on the new branch began this summer and is expected to be completed by early 2021.
 

Get Out and Vote

At Mainstreet Credit Union, we pride ourselves on giving back to the community and helping however we can. Considering all the uncertainty in the world, we wanted to send a reminder that the 2020 general election is quickly approaching and remind you to vote. It is important to have your voice heard and participate in the process.

Congress and the administration meet regularly to discuss crucial
issues and it is important to have your voice heard. Many of these issues, including data breaches, financial regulations, dealing with the economic impact of COVID-19, and taxation, all have an impact on our credit union, as well as your personal financial situation.

You can check your registration status at creditunionsvote.com. Additionally, you can find where your polling station is located and what voting options you have available. It's important to understand your options as states prepare for voting by mail or absentee ballots, and you can learn more at creditunionsvote.com.

John Beverlin
President/CEO

 

Watch the 66th Annual Meeting

We switched it up this year. Our 66th Annual Meeting was broadcast online in order to help protect our members and staff. Thank you to everyone who logged into this year's meeting! If you missed the online event, a video of the entire meeting is available at mainstreetcu.org/annual-meeting.
 
 
 

Final Shred Day 2020

It's time to clean out your file cabinets and get rid of any old documents that you've been waiting to toss. For your safety and convenience, you don't have to get out of your car. Just have your shred items in the trunk or backseat of your car, and we'll take care of the rest.
 
FREE EVENT
Saturday, November 7
9 A.M. - Noon, or until the trucks are full
Shred-It Facility
10000 Lackman Road
Lenexa, KS 66219
 
Please note: Time and Location are correct at the time of printing and are subject to change. Visit our website at mainstreetcu.org for updates on our Community page.
 

We're Hiring

Our team at Mainstreet keeps growing and we're looking for individuals who fit right in.
 
To find a list of current openings, visit mainstreetcu.org/discover-mainstreet/careers.
 
 
 

Five Keys to Investing for Retirement

Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make
smarter choices regardless of whether you have some investing experience or are just getting started.
 
Don’t lose ground to inflation
It’s easy to see how inflation reflects gas prices, electric bills,
and the cost of food -- over time, your money buys less and less. But what inflation does to your investments isn’t always as obvious. Unless your retirement portfolio at least keeps pace with inflation, you could be losing money without even realizing it.
 
Invest based on your time horizon
Your time horizon is investment-speak for the amount of time you have left until you plan to use the money you’re investing. Why is your time horizon important? Because it can affect how well your portfolio can handle the ups and downs of the financial markets.
 
Consider your risk tolerance
Another key factor in your retirement investing decisions is your risk tolerance – basically, how well you can handle a possible investment
loss. There are two aspects to risk tolerance. The first is your
financial ability to survive a loss. The second aspect is your
emotional ability to withstand the possibility of loss.Try to be honest about how you might react to a market downturn, and plan accordingly.
 
Integrate retirement with your other financial goals
Think about establishing an emergency fund; it can help you avoid needing to tap your retirement savings before you had planned to. Having a separate emergency fund can help you avoid an early distribution and allow your retirement money to stay invested. If you have outstanding debt, you’ll need to weigh the benefits of saving for retirement versus paying off that debt as soon as possible.
 
Don’t put all your eggs in one basket
Diversifying your retirement savings across many different types of investments can help you manage the ups and downs of your portfolio. Participating in your retirement plan is probably more important than any individual investing decision you’ll make. Keep it simple, stick with it, and time can be a strong ally.
 
 
 
Christopher Resch, Financial Advisor
CUSO Financial Services, L.P.
 
 
 
Non-deposit investment products and services are offered through CUSO Financial Services, LP (“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 for investment services. Atria Wealth Solutions, Inc. (“Atria”) is a modern wealth management solutions holding company. Atria is not a registered broker-dealer and/or Registered Investment Advisor and does not provide investment advice. Investment advice is only provided through Atria’s subsidiaries. CUSO Financial Services, LP is a subsidiary of Atria.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2020
 

SafetyNet: Work From Home Scams

Want to be your own boss? Earn thousands of dollars a month from home?

 
Ads promote many different work-at-home jobs and businesses, but often the message is the same: They promise you’ll earn a great living from home, even in your spare time. Don’t take their word for it – many of these “jobs” are scams, or don’t deliver on the claims they make.
 
Here’s how it works:
You see an ad saying you can earn big money at home. Or one that offers help starting an online business – with a proven system to make money online. Or maybe your resume is on a job search website and someone calls requesting your driver’s license and bank account numbers before they interview you.
 
What happens next?
If you answer the ad to work from home, they’ll ask you for money – for training or special access. But there’ll be no job. If you buy that proven system, you’ll get pressure to pay more for extra services. But you won’t get anything that really helps you start a business or make money. And if you give that caller your driver’s license and bank account numbers, they might steal your identity or your money.
 
How to avoid the scam:
Do your research.
Never pay money to earn money. And don’t share personal information until you’ve done your research. Search online for the company name and the words “review,” “scam” or “complaint.”
 
Pass this information on to a friend.
You probably know how to keep your money and information safe. But you may know someone who could use a friendly reminder. If you believe you have been exploited by a work-at-home job scam, you can file a complaint with the FTC online or by calling 877-382-4357.
 
Source: Federal Trade Commission
 

 

Supporting Community Partners

Having solid partners in the community means more than ever before.

2020 has been challenging year for most of us. It has shifted our interactions with other people—and our finances. With so many individuals and families struggling right now, it was important to us to find a way to help.
 
Mainstreet has launched the Emergency Assistance Program to help local community partners with employees facing financial hardships.
 
Since the program was established, more than $46,000 has been donated to assist employees of 13 local school districts and two hospitals. All funds support individuals who’ve been negatively impacted by the global health pandemic.
 

Skip a Payment and Help Local Children

Mainstreet Credit Union’s annual Skip-A-Pay program gives you an opportunity to support local children and their families this holiday season. From November 1, 2020 through January 31, 2021, you can skip one month’s loan payment* and give a voluntary donation to support the Children’s Miracle Network.
 
All donations from Skip-A-Pay are sent to Children’s Miracle Network Hospitals to provide hope and healing to nearly 15,000 kids right here in the Greater Kansas City area. Details and restrictions can be found at mainstreetcu.org/loans/skip-a-payment.
 
* From November 1, 2020 through January 31, 2021, you can skip one month’s loan payment and give a voluntary donation to support the Children’s Miracle Network. Only one monthly loan payment per loan may be skipped within a 12-month period. This will extend your contract for one month and interest will continue to accrue. This offer excludes real estate loans. Skipped payments may affect future GAP claim benefits. Your loan must be current and your accounts in good standing. Loan must be open for a minimum of 12 months. Other restrictions may apply.
 

 

Exclusive offer for school district employees

Borrow up to $1,000 for anything you need at 0% APR*

 
 
 
* The Annual Percentage Rate applies to qualifed individual’s creditworthiness at time of offer. One loan per calendar year per member, with a 12-month repay schedule. Proof of school district or Johnson County Community College employment required. Automatic payment scheduled from a Mainstreet CU deposit account required.