Welcome To
MARTIAL CREDIT UNION

We are dedicated to providing top-notch banking services that meet the precise needs of our customers.

OUR FEATURES

Private Banking Services

Personalised financial management system and exclusive services to meet each client.

Secured Vault Management

Efficient inventory tracking to ensure accountability coupled with secured logistics when neccessary.

WHY STICK WITH US?

We Work Entirely to Your Advantage

Our business has a board of Directors who are passionate about the business to take risks when they recognize that these risks can cause being able to do business better. Our Directors should be flexible and all set to get on board with technology and culture as it alters. However, we need to likewise avoid taking risks without enough planning.

To be sure that agents are operating efficiently & meeting objectives, we implement frequent assessments of their training and treatments. If an assessment discovers a weak location, we require to resolve it through modifying their methods. Similarly, workers require feedback from supervisors so that they understand if they are carrying out well and on track with conference goals.

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SATISFIED CLIENTS

In 2022, the forex market was valued at $753.2 billion. As 2023 began, the forex market witnessed a steady start as well. It is predicted that several currencies, like the USD, are going to gain strength and momentum in 2023. 

In our article, we will cover the top forex trends for the year 2023. 

                                  

FED pivot 

The FED has started to hike its interest rate, with the US inflation topping previous records. Even though the US economy has started to do better, the Fed has not decreased its interest rates. As of December 2022, the interest rates are around 4.50%. If the US economy slips into a greater recession, the Fed will be in a tough spot which would lead to the USD depreciating in the forex market. 

It is expected that if inflation falls in 2023, there is a possibility that the Fed will stop increasing interest rates like it has been doing in the past few months. This would be the Fed pivot which could, in turn, strengthen the USD. However, this is only going to be possible if the current inflation rate of 7.1% falls below the target rate of 2%, which is a bleak possibility.  

 

The Euro rise

Inflation has been high in Europe, especially after the Ukraine-Russia crisis. This depreciated the EUR in the forex market to some extent. However, the European Central Bank has increased interest rates to foster more growth in the European economy. 

The Euro has successfully bounced back from the turmoil and is expected to grow in 2023. Currently trading at an exchange rate of 1.06, it is predicted that the currency may increase to up to $1.13 in 2023. However, the bullish phase will come after a temporary bearish phase, providing forex traders with the opportunity to go both long and short this year. 

 

Japanese inflation 

The end of 2022 marked an inflationary shift in the Japanese economy and touched 40-year highs. The Japanese Yen touched 32-year lows and traded near its support price level for a long time. In 2023, Yen is all set for a bullish turnaround where there will be a decreasing gap between the long-term bond yields between the US and Japan. 

The stronger Yen will also be followed by the Japanese economy exiting from its ultra-loose monetary policy and entering an ultra-easy monetary policy under the new Japanese governor. The expected appreciation in Yen’s price against USD in 2203 is said to surpass 110

 

Steady rise in AUD/USD

AUD/USD is going to be considered one of the most preferred currency pairs for traders in the commodities market. This is due to the strengthening of the Australian markets in 2022, which is going to continue in the near year as well. 

This currency pair is expected to have a very tight spread throughout 2023, with the current trading rate of around 0.68. rising demand in Australian imports for metals like copper, iron ore and even coal has made AUD/USD a sought-after currency pair.

GET PRO FINANCIAL ADVICE FROM

Our Professionals

Our Financial Team at Martial Credit Union give top notch advice and assist interested clients make the best investments

Credit Card Safety Measures

  • Take steps to keep your personal data safe when making purchases in stores—for instance, using a contactless card or a digital wallet.
  • Consider freezing accounts you don’t use often—if the feature is offered by the card issuer.
  • Stay safe when shopping online by avoiding public wifi, making sure your device has the most recent security updates, and considering using a credit card for online purchases instead of a debit card.
  • Enable security features that help keep your account safe like text alerts and 2-factor authentication.

 

When it comes to identity theft and credit card fraud, it’s becoming more important than ever to be vigilant and take steps to protect your personal information. Over the last few years, in part due to the COVID-19 pandemic, the fraud rate has skyrocketed. In 2021 alone, the number of adults impacted by traditional identity fraud increased by more than 50%, with 1 in 20 people becoming victims.1

“The most reliable way of finding fraud before it gets out of hand is to keep a watchful eye on all your accounts and your credit reports,” says Stefan Ross, vice president of credit card products at Fidelity.

These tips can help you spend safely and guard your sensitive data.

 Consider a contactless card

These credit cards look just like EMV chip cards (they dip into a sensor rather than being swiped). Contactless cards show an image of 4 curved lines somewhere on the card. That tells you that you can tap the card over a sensor when you go to pay—rather than inserting the chip into a reader.

  • Your card must be pretty close to the sensor—within 2 inches—to transmit the information.
  • Rather than giving the merchant your credit card number, the card sends a one-time code—just like the chip.

Be aware: Zero-liability fraud protection

Credit card issuers offer zero-liability fraud protection. That means if a fraudulent transaction appears on your account, you can alert the card issuer and follow their process for reporting the crime. You won’t have to pay for purchases you didn’t make.

  • Be sure to check your accounts regularly to make sure that you recognize all of the charges.

 Set up fraud alerts to monitor your accounts

Setting up alerts can help you manage your accounts—and help you spot fraud. Alerts can typically be set on the card issuer’s website or app. Sign up for automated alerts of suspicious account activity wherever offered. It may be a good idea to sign up for alerts via text and email. If an account is taken over, hackers may be able to intercept alerts sent by SMS text or phone call.

My DoubleBack Card

Rewards

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the STB Travel℠ portal through 12/31/24

Annual fee

$0

Regular APR

19.24% – 29.24% variable

Foreign transaction fee

3%

Welcome bonus

Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.

Intro APR

0% for the first 18 months on balance transfers; N/A for purchases

Balance transfer fee

For balance transfers completed within 4 months of account opening, an intro balance transfer fee of 3% of each transfer ($5 minimum) applies; after that, a balance transfer fee of 5% of each transfer ($5 minimum) applies.

Credit needed

Fair/Good/Excellent

My GoldenBalance Card

Rewards

Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases-automatically.

Annual fee

$0

Regular APR

17.24% to 28.24% Variable

Foreign transaction fee

None

Welcome bonus

Discover will automatically match all the cash back earned for all new cardmembers at the end of your first year.

Intro APR

0% for 18 months on balance transfers; 0% for 6 months on purchases.

Balance transfer fee

3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Credit needed

Good/Excellent