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Spending your savings on purpose

Posted December 2, 2020  |   Topics: Savings Tips, Wallet Wisdom

Three ways to make the most out of your savings.

You’ve made a budget. You’ve stuck to your budget. And you’ve finally managed to have money left over at the end of every month. Congratulations! Now comes the tricky part: what to do with that extra cash?

LMCU December 2020 Newsletter

Posted November 25, 2020  |   Topics: Newsletters

Earn more. Pay less. Be merry.

Answers to your home equity questions

Posted November 18, 2020  |   Topics: Home Financing & Renovation, Wallet Wisdom

Imagine this: You finally make the exciting leap to start house hunting. You meet up with your realtor, see a few houses in the perfect location… and then you quickly realize there’s an inventory shortage; houses are priced far higher than you imagined and people are getting into bidding wars on houses in your dream neighborhood.

Host Thanksgiving on a $50 budget

Posted November 5, 2020  |   Topics: Community, Pocket Change, Education

Thanksgiving dinner for $50?! If this seems crazy, you may be surprised to learn a typical Thanksgiving dinner for 10 people in 2019 was just shy of $49.* The beauty of this meal is that while it seems rich and extravagant, the ingredients are simple, hearty, and easily feed a crowd.

If the task of hosting falls to you this year, sticking to the menu below will keep your budget on track.  

November 2020 Events

Posted November 4, 2020  |   Topics: Community

 

Start saving for the holidays, today!

Posted October 20, 2020  |   Topics: Savings Tips, Wallet Wisdom, Pocket Change

The holiday countdown has begun. Soon Halloween will arrive and, days after, retail stores will immediately change displays and advertising over to winter holidays. The average consumer spends around $1,000 during the holiday season, according to the National Retail Federation. Perhaps COVID-19 has changed your financial situation this year. Now is a great time for families to think about saving up before the winter holidays.

Breaking down the down payment.

Posted October 14, 2020  |   Topics: Wallet Wisdom, Mortgage

How much should I put down on my new home? Can it impact my chances of getting a loan? How does my down payment affect my mortgage payment? If you’re buying a new home, you probably have questions about the down payment. Here are three things to know before deciding how much to put down.

LMCU Cares

Posted October 5, 2020  |   Topics: Lake Michigan Credit Union, Community, Member Perks

LMCU Cares Program donates $110,000 to local non-profits.

Back to School Tech Tips

Posted September 15, 2020  |   Topics: Community, Pocket Change, Education

Back-to-school looks a little different this year, and as a parent, you have your work cut out for you. Whether your student has a hybrid schedule or is learning exclusively from home, being tech-savvy will help you (and them) navigate the school year more smoothly.

LMCU is passionate about supporting families with school-aged children. Education has been embedded in our culture since we opened our doors in 1933 as Grand Rapids Teachers Credit Union. We hope these six tips will equip your family for taking on back-to-school tech.

Making (and sticking to) a budget.

Posted September 9, 2020  |   Topics: Savings Tips, Wallet Wisdom

Making a budget can be intimidating. Sticking to it can feel impossible. But a budget simply tells your money where to go. So if you’ve ever uttered the phrase, “Where does all our money go?”, here are 4 steps — and a few tips — for making and sticking to a budget.