The U.S. has stopped making new pennies for circulation, and they’ll gradually disappear from wallets and cash drawers. For members, this means cash purchases may be rounded to the nearest five cents—but digital payments stay exact. At Metco Credit Union, we’re here to help you navigate the change and make sure your money always adds up.
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When the Federal Reserve changes interest rates, it can ripple through to your wallet — but not all loans react the same way. Short-term and variable-rate loans, like credit cards or auto loans, usually move with the Fed’s rate changes, while long-term fixed loans, such as mortgages, often follow different market factors like Treasury bonds.
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