Time to re-evaluate
your mortgage?
Saying thanks to our
members in two new ways
Meet our Business
Advisory Council
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LMCUnews
January2014
Member Newsletter
Word is getting out!
We really are the
Best Place for your Money!
Get up for a Night
With the Griffins!
We’ve known all along that our products are the best options around for our members. But
thanks to recent acknowledgements from two well-respected national financial publications,
the word is spreading fast in agreement.
Come watch the 2013 Calder Cup
Champion Grand Rapids Griffins
take on their AHL rival, the San
Antonio Rampage, and get special
package pricing and perks!
7 PM Saturday, February 15th
VanAndel Arena, Grand Rapids
Upper Bowl: $11
Lower Bowl: $15
See LMCU.org or visit any branch
for details. See you at the game!
LMCUFinancials
GOOD
THRU
Kiplinger’s Magazine Best Picks
Now- LMCU’s Max Checking
“Better than a CD. Better than a money
market account. LMCU’s MaxChecking
account pays an incredible 3% APY on
balances up to $15,000, with no
minimum balance requirements, free
ATMS and no annual fee! Just a few,
easy, monthly activity requirements.”
LMCU’s Prime Platinum Visa card
named among the nation’s best
credit cards by Money Magazine
“Why it's a winner: Ideal for those who
regularly carry a balance, since it offers
the lowest possible APR among no-fee
cards (6.25% for applicants with FICO
scores of 760-plus). And no annual fee!”
As of November 30, 2013
Assets
$3,071,636,274
Loans
$1,811,026,353
Savings
$2,453,395,722
Members
274,927
Kiplinger’s Magazine, February 2013 - "10 Best
Ways to Earn More Interest on Your Savings"
Kiplinger is a registered trademark of The
Kiplinger Washington Editors, Inc. © 2013
Money Magazine, October 2013 - "Money presents
2013-2014 Best Credit Cards" page 81. MONEY
is a registered trademark of Time Inc. used under
license. MONEY and Time Inc. are not affiliated with
and do not endorse the licensee
Time for a mortgage review?
New Years is the perfect time to reevaluate your mortgage. Is your rate at or
above 5.5%? Are you considering a new
home purchase or build? Rates are still
very low, but likely won’t last for long.
Contact any LMCU branch, call (616 or
800) 242-9790, or go online to lmcu.org
today to take advantage of a guaranteed
low mortgage rate** from LMCU!
*APR=Annual Percentage Rate. Base rates are
quoted, rates as of 12/17/2013. The monthly payment
for a 30 year schedule would be $752.59 at an
interest rate of 4.375%. This payment schedule is
based on a $150,000 loan on a $200,000 property
value. If an escrow account is required or requested,
the actual monthly payment will also include amounts
for real estate taxes and homeowner's insurance
premiums. Your rate may vary depending on your
specific credit terms and property analysis. Max
Mortgage program. **Our Low Rate
Guarantee: Lake Michigan
4
42
%
APR*
30 Yr. Mortgage
Fixed Rate
Home Mortgage will match legitimate
competitor offers or credit the borrower $300
off closing costs. Our low rate guarantee
cannot be combined with any other
offers. Rates subject to change.
Last call for Hutt
Scholarship
Essay Contest!
Deadline for entries is
January 31, 2014.
Any high school senior who’s a
LMCU member (or has a parent
who’s a member)*, can submit
their essay for the chance to win
one of eight $2,000 scholarships.
Answer the question, “How has
social media helped or hindered
social interaction?” in 750 to
1,500 well-chosen words.
Scholarship money must be used
for any college-level educational
endeavor.
Have any New Year’s
investment resolutions?
Everyone’s portfolio needs a periodic re-think, to make
sure their investment choices still meet specific goals
and needs. The beginning of a new year is a great time
to take stock of what you have, and consider ways to
make it work harder for you.
What worked in the past might not be the best choice
going forward. Schedule an appointment today with a
Lake Michigan Investment Services advisor, to make
sure you’re really making the most of what you have.
Call us at (616 or 800) 242-9790 ext. 6301 or go
online at lmcu.org/investments.
Securities products offered through
LPL Financial and its affiliates. Member
FINRA/SIPC. Insurance products offered
through LPL Financial or its licensed
affiliates. Lake Michigan Credit Union
and Lake Michigan Investment Services
are not registered broker/dealers and
are not affiliated with LPL Financial.
Not NCUA Insured. May Lose Value.
No Credit Union Guarantee.
If you know of any high school
senior who might be interested in
this outstanding scholarship
opportunity, information can be
found from their high school
guidance counselor, or online at
lmcu.org.
*Sorry, LMCU employees and their
families are not eligible.
We love to say thanks!
Showing our members
some love with new perks
Members get up to $15 off any
TurboTax® federal product!
Members get a 10% discount on
monthly cell phone service from Sprint!
TurboTax translates complex tax issues into a
series of simple questions about your life and
finances, and puts that information into the
correct tax forms for you. It automatically
double-checks as you go and coaches you
every step of the way. And you’ll never be
alone in the process. If you have questions,
TurboTax has fast answers.
• 10% discount on select regularly priced
Sprint monthly service
• Waived activation fee on new lines (up to
$36 in savings)
• Waived upgrade fee (up to $36 in savings)
• Buy online and receive additional savings
• Unlimited data on select phone plans
• Ready Now, one-on-one personalized
setup, is provided at select Sprint Stores
With TurboTax, you’re guaranteed to get the
maximum refund possible—or you’ll get your
money back! Plus, try any TurboTax online
product for FREE now, and be entered for a
chance to triple your tax refund.
Get started with TurboTax today and save! To
take advantage of the discount offer, look for
the TurboTax link on our home page at
LMCU.org.
To receive the Sprint LMCU member discount,
both new and existing Sprint customers must
verify LMCU membership through either the
Invest in America app or by filling out a
verification form available at
www.lovemycreditunion.org. Claim your
discount with Corporate ID: NACUC_ZZM.
Additional information about this offer is
included in your December statement.
And credit union business members
can save even more! Business members
save 15% on select regularly priced Sprint
monthly service plans. To learn more, visit
www.lovemycreditunion.org/Sprint and start
saving today!
LMCU to open
five new branch
offices in 2014
We’re bringing the value and
benefit of LMCU’s exceptional
services to west and northern
Michigan, as well as the Detroit
metro area. Each branch will offer
personal & business banking,
mortgage financing, and access
to investment guidance and
insurance products. Look for our
shiny new LMCU retail branches
to open in the Spring of 2014:
Holland
3493 West Shore Dr.
Traverse City
310 West Front St.
Norton Shores
1619 Mount Garfield Rd.
Farmington Hills
34391 West 12 Mile Rd.
Troy
734 West Long Lake Rd.
The best place for
your career is
growing!
With four new branch offices set
to open in 2014, we’ll have a
number of retail openings to fill
very shortly. And with that uptick
in growth, we’re also looking for
qualified banking professionals
across a broad swath of
applications. If you, or someone
you know, is looking to join a great
company that values its
employees, click to our new,
restyled careers website at
lmcu.org/careers for a look at
how you can become part of the
LMCU family.
Introducing our Business Advisory Council!
LMCU’s Business Advisory Council is a group of experienced and high-profile commercial clients
who meet with LMCU upper management semi-annually to discuss and consider current West
Michigan economic trends, the impact of these trends on growth, retail operations, and product
development. These meetings provide an informal format for business leaders and LMCU to
share ideas and concerns while learning best practices from each other. We appreciate their
dedication in the ongoing development of the Commercial Lending Department. Please meet our
current Council members:
Kathy Ball
Progressive AE
Scott Coddington Mark Ellis
Southland
Anesthesia
Autowash
Professional
Services, PC.
Larry Fleis
Dan Goris
Fleis & Vanden
Ideal Printing, Inc.
Brink Engineering and Custom
Printers, Inc.
Jaynell Hogan
Gazillion & One
William Smith
Compucraft
Thomas Wagner
Mollers North
America
Named one of
the 101 Best &
Brightest
Companies to
Work For, six
years running!
Contact Information
Daniel Verstraete
River City Flooring
& Superior Carpet
Systems
Mark Wurn
Roersma and
Wurn Builders
Phone:
(616) 242-9790
(800) 242-9790
(616) 942-3360
(800) 796-3360
(616) 234-6630
(616) 234-6979
(616) 234-6301
(616) 643-0605
Toll Free
Phone Banking
Phone Banking
Commercial Lending
LM Insurance Agency
Investment Services
Auto Center
Website: www.LMCU.org
Mailing Address:
P.O. Box 2848 Grand Rapids, MI 49501
Federally insured
by the NCUA
Get top dollar on your trade-in
at Lake Michigan Auto Center!
We’ve all been through the drill. It’s no fun placing want ads, taking
phone calls, arranging appointments, dealing with no-shows and
haggling with sketchy, low-ball buyers.
for
TRADE-INS
There’s an easier way. If you have a clean- title vehicle in good shape, 2003 or newer, bring it to
Lake Michigan Auto Center. Your vehicle will be appraised on-site and a check issued within 48
hours. And you don’t have to buy a new vehicle from the Auto Center to be eligible! Call (616)
643-0605 or visit LMCU.org/Autocenter for details.