Mainstreet Talk
Mainstreet Credit Union Newsletter
Exclusive Auto Refinance Promotion
Jump Start your Savings Today!
Take advantage of our exciting auto refinancing opportunity. Receive a 1% cash bonus or $300* when you refinance your auto loan from another financial institution, whichever is less. Plus, your first payment is not due for 90 days! With interest rates starting as low as 5.49% APR**, now is the perfect time to lower your monthly payments and improve your overall financial flexibility.
This limited-time offer is set to expire on March 31, 2025, so don’t let this chance slip away. Act quickly to secure your bonus!
*Receive a 1% cash bonus, or a $300 cash bonus, whichever is less, when you refinance your auto loan from another financial institution. This offer is limited to vehicles 10 years old or newer. Approvals are contingent upon credit approval, such as but not limited to, income and loan to value requirements. Contact Mainstreet Credit Union for more information. Minimum loan amount of $5,000. The cash bonus will be deposited into the Member’s Share account as an extraordinary dividend within 30 days of meeting the qualifications. The cash bonus will be reported to the Internal Revenue Service as an extraordinary dividend in the year it is paid. Offer valid from January 1 through March 31, 2025. The refinance auto loan must be funded by April 15, 2025 to earn a cash bonus. Mainstreet Credit Union reserves the right to terminate the program at its discretion. Membership eligibility is required. A Share Savings Account with a $5 minimum balance is required to establish and maintain membership. Membership must remain in Good Standing for funds to be deposited. Can not be combined with other offers.
** Annual percentage rate (APR) is based on borrower’s credit worthiness. Offer valid from January 1 through March 31, 2025. Rates, terms and conditions are effective on the date of this publication and are subject to change without notice.
Events Around The Corner
ANNUAL MEETING
Date: April 10th
Time: 4-5 P.M.
Location: Johnson County Arts and Heritage Center 8788 Metcalf Ave, Overland Park, KS
RSVP by calling 913-599-1010 Ext: 290
The Reservation Line will close on April 7th.
No meal will be provided at this event. Light refreshments will be available before the meeting.
Member Appreciation Events
Join Mainstreet at Kauffman for the Royals Opening WeekendWe want to invite our members to join us to cheer on the Royals during their opening weekend game on Saturday, March 29th at Kauffman Stadium vs. the Cleveland Guardians at 3:10PM. Limited space is available for this event so tickets will be given to members on a first-come, first-served basis.
If you cannot join us at this event, no worries! Check out our quarterly newsletter and Events page on our website for any upcoming events.
In consideration of being allowed to register for, and participate in, an event, activity, or experience (“Event”), I hereby waive, release from liability, assume all risks, and covenant not to sue Mainstreet Credit Union, or their respective members, employees, board members, agents, or volunteers for any expense, loss, damage, personal injury (including loss of life, disability, or serious harm), property damage or theft, negligence, or actions (each, a “Loss”) resulting from or arising in connection with my travel to, attendance at, or participation in the Event and any related activities. I am an adult of sound mind and capable of entering into this waiver. I have read its terms and fully understand and agree to the provisions herein. I agree that this waiver shall be governed by and construed in accordance with the laws of the State of Kansas and enforced only in courts in the State of Kansas. For non-employee member households only.
Safety Net
Protect Yourself From Romance Scams: Before They Steal Your Heart and Money
Looking for Love or a new friendship in 2025? Be prepared for the possibility of receiving messages- whether via text, email, or instant message – from unfamiliar contacts or old acquaintances.
It is wise to be aware of scammers that will tell you elaborate lies to try to exploit your emotions, time, and money. In 2024 the Federal Trade Commission (FTC) published an article called Love Stinks-When a scammer is involved. This article highlights that reported losses due to romance scams in 2023 topped $1.14 billion. Check out the article for ways to spot a possible romance scam and how to protect yourself, your friends, and your money from being a victim.
If you think you’ve been the target of a Romance or Friendship Scam, take the following steps:
- First, you should take immediate action and change the passwords on all your accounts.
- Second, report the suspicious activity to Mainstreet Credit Union so we can review your account activity with you to identify any possible account compromise.
- Third, identify if your computer, tablet, and/or phones should be scanned by a professional.
- Fourth, reach out to your other credit card or financial institutions and let them know about the fraud.
- Fifth, report the scam to the FTC
Want to learn more about how to spot and avoid scams: consumer.ftc.gov/scams
Protect yourself, your data, and stay safe!
Skip A Payment and Help Local Children
Hurry Offer ends January 31st.
You still have time to take a month off this year. Mainstreet Credit Union’s Skip-A-Pay program gives you an opportunity to support local children and their families. Through January 31, 2025, 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 the Children’s Miracle Network Hospitals to provide hope and healing to nearly 15,000 kids right here in the Greater Kansas City area.
Fill out the Skip-A-Pay form and drop it off at one of our locations or call 913-599-1010 for assistance.
* Only one monthly loan payment per loan may be skipped through January 31, 2025. This will extend your contract for one month and interest will continue to accrue. By signing, you agree to amend the terms of the original agreement and to repay the entire balance plus interest at the rate stated on the original note. You agree to pay the required minimum payment beginning the following month from this extension. If you purchased GAP coverage with your loan, payment of claims may be affected. Refer to your GAP Agreement for coverage restrictions. This offer excludes real estate secured loans. Skipped payments may affect future GAP claim benefits. Your loan must be current and your accounts kept in good standing. Other restrictions may apply.
Financial New Year’s Resolutions
A Commitment to Your Future
As the new year begins, it’s the perfect time to establish and follow through on resolutions focused on enhancing your retirement savings. Consider discussing with your financial advisor strategies such as contributing to an IRA, rolling over a former 401(k), and reviewing your investment portfolio. Taking these steps can help ensure a secure financial future.
Talk to Mike Thornhill today to schedule an appointment today.
Mike Thornhill
Financial Advisor, CUSO Financial Services, L.P.
Mike.thornhill@cusonet.com
©2022 Broadridge Advisor 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. Representatives are contracted with CFS to make non-deposit investment products and services available to credit union members.
Introducing Mainstreet Credit Union’s Advanced Technology and
Energy Efficient Loan Program.
Mainstreet Credit Union is proud to present its innovative loan program designed to promote sustainability and energy efficiency. This program includes:
- Electric Vehicle (EV) Lending Program: Enjoy a reduced loan rate with a discount of ½% APR (Annual Percentage Rate) on new EV vehicles (excludes hybrids). Maximum loan amount $100,000. Additionally, you may be eligible for a tax credit up to $7,500 for new vehicles and up to $4000 for eligible used EVs.
- Solar Panel Financing: Obtain financing of up to 100% Loan-to-Value (LTV) for the purchase and installation of solar panels on your primary residence, based on their current market value. This financing covers the panels, their installation on single-family residences, and the necessary internal wiring.
- Energy Efficient Home Improvements: This unsecured loan is available for existing members seeking to enhance their homes with eco-friendly upgrades. Eligible improvements include:
- Smaller solar panel loan requests
- Upgrading to energy-efficient appliances
- Enhancing home insulation
- Replacing windows with energy-efficient alternatives
- Installing smart thermostats
Join us in making a positive impact on the environment while improving your home’s energy efficiency with these valuable financing options.
For details contact a Mainstreet Credit Union representative at 913-599-1010 or visit any of our locations.
BUSINESS SERVICES
Exciting New Features for Business Accounts - Coming Soon!
We’re thrilled to share some fantastic news about Mainstreet Credit Union business accounts that have small and medium-sized teams! Soon, you'll be able to enjoy important features like Entitlements, User Management, ACH transfers, and Autobooks. You’ll be able to streamline your operations like never before!
Entitlements
Control who has access to your business account with Entitlements. Assign different levels of access to owners or trusted employees, streamlining your operations while enhancing security. With customizable permissions, you can ensure that employees only see and do what’s necessary for their roles.
User Management
Easily manage who has access to your accounts and how much access they have. Business owners can add users, assign roles such as "admin" or "viewer," and customize permissions for individual accounts. This ensures efficient delegation of tasks while maintaining control over sensitive information.
ACH Transfers
Schedule and manage ACH transactions directly from your digital banking interface. With an intuitive overview of scheduled, recurring, and completed transactions, this feature allows you to streamline payments to vendors, partners, and employees without the hassle of paper checks.
Autobooks
Boost your deposits with Autobooks, a free plugin integrated into your dashboard. Manage invoices, estimates, and payments seamlessly, and enable your clients to pay invoices directly online. This feature saves time, enhances cash flow, and simplifies bookkeeping.
These updates are designed to enhance the functionality and security of Mainstreet Credit Union's business accounts, empowering you to focus on growing your business while we take care of the financial details.
MEMBER IMPACT
Helping Our Members – All Year Through
At Mainstreet, empowering members so you can do more with your money is at the heart of everything we do. Check out some of our successes in 2024:
- We helped 1,951 members complete a Mainstreet Financial Check-Up to improve their credit scores and lower monthly payments.
- We saved members $455,858.21 in loan interest over the life of their loans.
- We collected hundreds of Member Stories like these illustrating how Mainstreet helped improve financial lives in our communities:
- A Lawrence, KS member came in wanting to refinance his current vehicle loan that he got a few months back. They financed the vehicle at the dealership with a 23% APR interest rate. He had limited credit, but we were able to approve the request. His new Mainstreet loan will save him more than $250 in monthly payments and more than $19,000 overall interest.
- A Mission, KS member visited our branch to open a new membership and complete a Financial Check-Up. We reviewed the interest rates she was paying on her current loans and credit cards and noticed her largest financial loan was over 20% APR. We talked through her options and created a plan to save her money. She was extremely thankful that we saved her $291.34 monthly and more than $1,780 in overall interest.
If you have plans to improve your financial health in 2025, we’re here to help! Stop by your nearest branch, schedule an appointment online at mainstreetcu.org or contact our Call Center at 913-599-1010.
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MAINSTREET IN THE COMMUNITY
Community Events in December
At Mainstreet, we are proud to continue our commitment to education and express our appreciation for the dedicated educators in our local school districts throughout the school year. Working alongside the Olathe Public Schools Foundation, we strive to make a meaningful difference in the lives of school district employees and teachers through the Educator Excellence Award and CEERA Award program. Our Mainstreet Credit Union team was also thrilled to partner with Toys for Tots, Kansas City Hospice and Palliative Care, and the Johnson County Christmas Bureau, working together to positively impact our community. Joining forces with these outstanding organizations contributes to the well-being and growth of the communities we serve.
2025 SHRED DAYS
Saturday, March 15th
Saturday, October 11th
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 currently and are subject to change. Always check the Announcements page on our website atwww.mainstreetcu.org/announcements for updates.