Learn what's happening at LMCU.
At LMCU, we take our members’ financial security seriously. We are conservative with our financial strategy, making sure we have taken steps to better protect our members’ deposits and stay financially sound and secure.
LMCU has top ratings for financial security and stability from Bauer Financial and Weiss Ratings. The vast majority of our deposits are federally insured, and we are careful to diversify our assets.
You can rest assured your money is safe and will be here for you when you need it. If you ever have any questions, reach out to us at (616) 242-9790 or stop by your local branch.
We are thrilled to announce six new LMCU branches are fully operational in Central Florida. Formerly Pilot Bank locations, we now have a branch in St. Petersburg, a branch in Lakeland, and four branches across Tampa.
The new branches are ready to provide personal and commercial banking solutions across Greater Tampa Bay. We’re able to serve you with everything from financing your new home or auto, expanding your business, or simply managing your day-to-day finances.
We’re proud of our growth across the Sunshine State and the Great Lakes State and the opportunity to serve more members. For a full list of our 68 LMCU locations, visit LMCU.org/Locations.
Each winner will receive a $2,000 scholarship. To view the winners and read their essays, visit LMCU.org/Hutt.
Since its inception in 1990, the Lloyd F. Hutt Scholarship has awarded over $540,000 in scholarships to help further educational excellence. Thank you to all who entered, and congratulations to this year’s winners.
LMCU members pay less and get cash rewards with an exclusive deal from Xfinity or Spectrum mobile. Visit LMCU.org/MemberPerks to learn more.
Time to get rid of that growing pile of sensitive documents that are clogging up your filing cabinets. . . and drawers. . . and, let’s be honest, desktops. But don’t just toss them into the trash — that’s how identity theft can happen. Instead, bring your old paper documents (up to six boxes) to any of our Shred Your Stuff Day events and we’ll shred and dispose of them for free. It’s fast and easy, and you can feel good knowing they’re taken care of.
We have spring Shred Day events planned across Michigan and Florida through April and May.
Use the money to finish your basement, start a business, upgrade your kitchen, throw your dream wedding, take your dream vacation, go back to school, build a deck, get out of debt, invest in a CD, buy a new or used car, or build a two-car garage for your new cars.
Opportunity is knocking — make sure you answer by entering daily!
*Contest ends at 11:59 p.m. EDT on July 7, 2023. Entrants must be 18 or older and a Michigan or Florida resident. One-time entry using an LMCU ATM may become available during the sweepstakes. For a complete list of contest rules visit LMCU.org.
The Annual Meeting of Lake Michigan Credit Union will be held on Monday, May 22, 2023 at 4 p.m. The meeting will be held at 5540 Glenwood Hills Parkway SE, Grand Rapids, MI 49512. Members who wish to attend are required to RSVP by April 14, 2023 to Samantha.Taylor@LMCU.org. Walk-in attendees will not be permitted. In accordance with the Credit Union’s bylaws, the Secretary hereby submits the following election notice: Three Board of Director’s terms of office will expire at this meeting. The three incumbent Directors have been nominated to serve additional terms of three years. They are Michael Rice, Bob Partridge, and Jack Newberry.
The West Michigan Whitecaps’ season begins with Opening Night at LMCU Ballpark on April 6! LMCU members can save $2 on any single game ticket by going to MILB.com/West-Michigan and using code LMCU23 at checkout.
Visit LMCU.org/Whitecaps for other perks and opportunities throughout the season. We’ll see you at the ballpark!
LMCU’s Roots in Education program awards 25 teachers each a $1,000 grant for making a positive impact on their students and school community by embodying a particular trait. These grants can be used to help purchase school supplies, aid in online learning, or anything else that benefits the educational process.
This year, LMCU is celebrating educators who are caring and dedicate time to tending to their students’ needs. Students, parents, peers, and community members are encouraged to nominate a pre-K through 12th-grade teacher whose caring nature has impacted their classroom or community.
Nominations will be accepted until April 7, 2023, and winners will be announced in May. Full eligibility and program details can be found at LMCU.org/TeacherGrant.
How It Works:
1. Starting April 7, visit the EVERFI Financial Literacy Bee website.
This contest is open to any U.S. or Canadian student between 13-18 years of age as of April 7, 2023. Visit the EVERFI Financial Literacy Bee page for details and official contest rules.
If you are considering building your next home or planning a renovation, check out a Parade of Homes near you. Peek inside the most beautiful, newly constructed homes in Michigan for inspiration. These self-guided tours feature work from some of the area’s best custom home builders.
Grand Rapids Spring Parade of Homes
June 2-10
$15 tickets available online.
Children under 12 are free.
Visit paradeofhomes.mygrhome.com for more information.
Lakeshore Parade of Homes
June 1-3 & 8-10
$15 tickets available online.
Children 15 and under are free.
Visit lakeshoreparadeofhomes.com for more information.
Parade of Homes of Southeastern Michigan
June 1-30
Free event.
Pick up your free HBA of Southeastern Michigan Parade Magazine at any Southeastern Michigan LMCU branch.
“Those companies that made the list of the nation’s Top 101 Best and Brightest Companies are truly remarkable,” said Jennifer Kluge, President and CEO, National Association for Business Resources and the Best and Brightest Programs. “This honor demonstrates their commitment to excellence.”
Are you ready to love where you work? We’re hiring! Check out our open positions at LMCU.org/Careers.
What’s the rent trap?
The rent trap is when you’re paying such a high percentage of your income in rent you cannot save enough for a down payment to purchase a home. If a large portion of your income is going to your landlord, being able to buy a home can feel impossible, especially if you have other expenses like student loans or credit card debt. You could find yourself paying much more for rent than you would a mortgage.
How do I avoid the rent trap?
Saving enough to buy a home may not be as impossible as you think. A report from the Urban Institute found that three out of four people believe more than 5% is required for a down payment.** At LMCU, we offer financing with as little as 0-3% down,*** industry-low closing costs, and a member-only MaxMortgage discount that gets you an additional 0.125% off your interest rate.****
Leave the world of rising rent behind and get pre-qualified with one of our expert loan officers today at LMCU.org/Mortgage or by calling (844) 754-6280. If you are in West Michigan, consider signing up for one of our free in-person First-Time Homebuyer Seminars at LMCU.org/Events.
LMCU Financials
As of February 28, 2023
Assets | $11,960,220,281
Loans | $10,244,774,399
Deposits | $10,351,138,012
Members | 563,984