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Lonn had a 30-year mortgage with LMCU. It was a smart move at the time, but with interest rates being at all-time lows, he wondered if refinancing to a 15-year loan would be another smart move. So, he reached out to his trusted LMCU loan officer.
“I knew LMCU would be able to help,” Lonn said. “After some number crunching, they told me I could save $90,000 over the life of my loan by refinancing! It was unbelievable.” After refinancing, Lonn is saving money over the long term and has more financial freedom and flexibility. “Knowing my home will be paid off so much sooner means I can focus more on my family and saving for retirement,” he said.
While rates are still low, now is the time to find out if refinancing is right for you.
Depending on your goals, you may:
Connect with our expert loan officers today. Visit LMCU.org/Mortgage, call (844) 754-6280, or stop by your local LMCU branch to get started.
*Lonn is an LMCU member and was compensated for his participation.
Pilot joins the LMCU family!
LMCU adds six new branches in Tampa and St. Petersburg.
On December 21, 2021, LMCU acquired Pilot (formerly Pilot Bank), which has six Florida branches in the Tampa and St. Petersburg area. The locations will operate under Pilot...A Part of LMCU branding until we are fully merged in late 2022. Afterward, they will operate as full-service LMCU branches.
We are excited to welcome Pilot customers and team members to LMCU! Watch for more information soon, or visit LMCU.org/Pilot.
New year, new financial habits. There’s no time like the present to set a few financial resolutions for the year to come. With LMCU’s financial education center, Wallet Wisdom, you’ll find inspiration and tips that will help keep you on track all year long. Visit LMCU.org/FinancialWellness to get started with our free Wallet Wisdom courses and podcasts.
Cheer on the Grand Rapids Griffins on Saturday, February 5 at the Van Andel Arena! This annual event offers LMCU members discounted upper and lower bowl ticket pricing, along with a free t-shirt for the first 1,000 ticket packages sold.
For more information and to purchase your tickets, visit LMCU.org/Contests. LMCU branches will not have any physical tickets for sale this year.
Here’s to another year of spreading kindness, goodwill, and holiday cheer throughout our local communities! These are a few of the many things the LMCU Santa Squad elves (with the help of our members!) accomplished in December:
Visit LMCU.org/SantaSquad to see more about the Santa Squad’s community outreach during the 2021 holiday season.
If you attend a show and feel inspired, put your home’s equity to work for that next big project by visiting HomeEquity.LMCU.org.
Our annual Lloyd F. Hutt Scholarship program awards 20 high school seniors each with a $2,000 scholarship. Applicants are asked to write an original essay that explores a specific topic. This year’s topic is: “Tell us about the you of today, and what we can expect to see in the you of tomorrow.”
The essay deadline is January 31, 2022. Interested high school seniors (including home school students) must complete an application online at LMCU.org/Hutt.
Winners will be announced in LMCU’s May newsletter, on LMCU’s social media channels, and at LMCU.org/Hutt.
Cara and her husband love banking with Lake Michigan Credit Union and have for years. So naturally, when they needed advice on how to consolidate their credit card debt to help with their growing family, their first thought was to go to LMCU.
Enter LMCU’s Prime Platinum VISA card with its super-low interest rate. Cara said, “We aren’t financial experts, but they taught us about our options. We are thrilled to see that consolidating our debt makes things simpler for us, and we are saving money while still paying our debt off a lot faster than we thought was possible.”
Find out what the Prime Platinum card could do for you, too. Learn more at LMCU.org/CreditCards, or stop by any LMCU branch.
Cara is an LMCU member and was compensated for her participation. *APR = Annual Percentage Rate. Rates as of 12/6/21. Rates are variable and subject to change after account opening. Lowest rate featured based on credit score of 760. Cash advance fee: 3% of cash advance. International transaction fee: 1% of transaction. Late payment fee up to $25. Subject to credit approval and income qualification. Other rates and terms available, contact us for more information. $5 membership required if not a member.
*$650 savings based on average customer savings who bundle home and auto. Your actual savings may vary. Personal insurance offered in Michigan only.
As of November 30 , 2021
Assets | $10,932,549,749
Loans | $7,004,611,121
Deposits | $9,406,877,393
Members | 514,406