I updated the plugin as you suggested. The update worked and I didn’t lose any of the media credits I had added with the previous version of the plugin.
However, I soon discovered a different problem. When I added an image to a new post using the Add Media button, my Media library opened, I selected an image and it appeared in the post box. But when I clicked on the image to edit it, the edit options did not appear over the image.
I contacted my host, a WordPress specialist, and they identified the Media Credit plugin as the cause of the problem. I deactivated the plugin and I was once again able to edit images within posts.
So, for now, I am not using the Media Credit plugin. Maybe others have experienced this as well? I thank you for your responses to my questions.