Starting Sunday, a first class letter will cost 37 cents to mail. People will also pay extra to send packages and postcards.
The post office lost nearly two billion dollars last year. According to the United States Postal Service, it is responsible for nearly 43 percent of the world's mail volume. It receives revenue from postage sales and services, and as a result of low mail volumes, it's raising prices.
The Michigan State University Federal Credit Union is among several banks that offers low-cost, online bill payments. Members can log on to the Internet and pay their bills for 12 cents less than it would cost to mail a letter.
Several other area banks offer online banking and e-statements via the Internet. Each bank has varying fees for the online payments.