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LMCU Summer 2023 Newsletter

Posted July 3, 2023  |   Topics: Newsletters
LMCU Summer 2023 Newsletter

Earn more. Pay less. Stay cool.

Learn what's happening at LMCU.


LMCU is rated #1 in the nation for keeping more money in your pocket.*

2023_Summer_Image-2 ROMWe’re thrilled to top the list of Callahan & Associates’ Return of the Member rating.* Return of the Member is a comprehensive quarterly report that focuses on how well credit unions are serving their members by measuring key metrics such as loan growth, deposit growth, asset quality, and member satisfaction.

“Being number-one in Return of the Member means we’re number-one for keeping more money in our members’ pockets,” said LMCU President and CEO Sandy Jelinski. “Our focus is to always do what is right for you, our members. It’s our privilege to serve families and businesses in Michigan and Florida and provide you with the best banking experience possible.”

Ready to get even more out of your LMCU membership? Visit or ask your local branch associate for ways you could be earning more and paying less.

*Return of the Member for credit unions above $10 billion in assets. Callahan & Associates, December 2022.

Congratulations to the 2023 Roots in Education grant recipients.

06-Roots in Education

Throughout March and April, Michigan and Florida teachers were nominated by students, parents, and their peers for LMCU’s 2023 Roots in Education grant. Each year, the Roots in Education grant program awards $1,000 grants to 25 teachers who embody a particular trait and make a positive impact on their students and school community. This year, we are celebrating teachers who are caring.

The 25 winning teachers have been selected and each will be receiving a $1,000 grant to use towards anything that benefits the educational process. You can view the grant recipients at

Congratulations and thank you to all the wonderful educators for the important work you do every day.

LMCU's Alpine Branch has been moved to its new location.

We’ve moved! Our Alpine branch in Comstock Park, MI has moved just down the road to 4866 Alpine Ave NW. The new location offers all the same services as before, but in a larger space to better serve our members. If you are in the area, come check out the new place and say hi!

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2023_Summer_Image-4 Band Together v5


Band together with us for kids' care this August.

Our annual Band Together campaign kicks off in August this year to raise funds in support of more than a dozen Michigan and Florida hospitals. Last year, our staff, members, and community banded together to raise $50,000 for kids’ care in our communities. Help us raise even more this year by making a donation at your local branch or at between August 1-31.

Visit to learn more.


Fall Shred Your Stuff Days are coming soon.

LMCU Shred Days will return to Michigan and Florida locations this fall. Check in September for details.



The 2023 LMCU Bridge Run hits the pavement September 17.

Whether you’re a power walker, novice runner, or just finished your 10th marathon, you’ll fit right in at the LMCU Bridge Run. On Sunday, September 17, the 5k run/walk and 10-mile run will have runners weaving their way through downtown Grand Rapids and crossing historic bridges.

We are also pleased to announce a 10-year extension with the Bridge Run and RunGR,  so you can look forward to more LMCU Bridge Runs in the future. Thank you to everyone at RunGR and the volunteers who make this annual event such a success.

When you’re ready to sign up, LMCU members receive a $5 discount by using code LMCUMEMBER23 during registration. Reserve your spot at the starting line today at

2023_Summer_Image-5 Bridge Run

Join us for LMCU Member Nights with the Whitecaps.

Exclusive ticket packages are available for LMCU members at three LMCU Member Nights with the Whitecaps on July 27, August 19, and September 10.

The LMCU member ticket packages include $7 off each game ticket, early entry, and pre-game mascot interactions at the LMCU table. To get your tickets, log in to LMCU’s Online Banking at and find the Whitecaps link under Quick Links.

See you at LMCU Ballpark!

2023_Summer_Image-6 Whitecaps

2023_Summer_Image-7 50K


The $50,000 Home Makeover sweepstakes ends soon.

Your last chance to enter the LMCU Home Makeover is July 7! The $50,000 grand-prize winner will be selected in August. Make sure to check our social media and for the announcement.

*Sweepstakes ends July 7, 2023. Entrant must be 18 or older and a Michigan or Florida resident. For official sweepstakes rules, visit


Parade of Homes is coming to Kalamazoo

Ready for some renovation ideas?

The Kalamazoo Parade of Homes takes place August 3-5 and 10-12.

To view the parade route and get your tickets, visit Kalamazoo's Parade of Homes.

2023_Summer_Image-8 Parade of Homes v2

2023_Summer_Image-9 Andrew and LauraMeet Andrew and Laura.

They love their house and want to call it home for years to come. When it was time for new siding and windows, they turned to their home equity line of credit from LMCU.

Their HELOC made it a breeze to pay for what they needed when they needed it. Now their forever home looks great, they saved money, and they have their line of credit to use for their next home project.

Take a cue from Andrew and Laura. Visit or call (844) 301-8899
to see how you can put your home’s equity to work for you.

Andrew and Laura are LMCU members and were compensated for their time.


2023_Summer_Image-10 Tuition v2


Pay less for higher education just by being an LMCU member.

Whether you’re a high school grad or looking to go back to school, LMCU members can take advantage of a 20% tuition discount from Davenport University and a 25% discount from Point Park University.

Visit for more information.


Earn even more with LMCU!

Looking for the best place to put your money? Now is the time to check out the range of competitive and federally insured savings and deposit products you have available to you as an LMCU member.

Certificates of Deposit (CDs): To help you earn even more, LMCU is paying above-market rates on a variety of CD terms, including 5.15% APY* on a 12-month CD. Plus, you can choose from a variety of terms (as short as three months all the way up to five years) and interest rates. Your rate is locked in when you open a CD, so you can be confident knowing how much you’ll earn during the life of the deposit.

3.00% APY** Max Checking: Max Checking is one of the nation’s best high-yield checking accounts*** and allows you to earn nearly $450 extra a year. If you don’t have a Max Checking account, it’s simple to open one and start earning. If you do, try to ensure your balance is hitting the $15,000 mark so you’re maxing out your interest.

Max Money Market: If you’re looking for one of the best money market accounts around, consider a Max Money Market account. Take advantage of interest rates up to 4.00% APY**** while still being able to access your money and write checks.

Once you’ve decided which competitive interest-bearing account is right for you, stop by your local branch or apply online and start earning more today.

*APY = Annual Percentage Yield. Rates as of 6/29/23 and subject to change. Minimum balance to open a CD is $500. A penalty may be charged for early withdrawal. Featured rate includes 0.25% MORE VIP relationship reward bonus. Fees may reduce earnings. **Rate as of 6/29/23 and subject to change after account opening. 3.00% APY is earned on balances $15,000 and below, some requirements apply. Interest not paid on balances over $15,000. Nearly $450 is earned at 3.00% APY on balances of $15,000. Fees may reduce earnings. ***Nerdwallet, June 2023. ****Rates as of 6/29/23 and subject to change after account opening. Tiered interest rates based on balance amounts: $0 - $2,499 earns 0.00% APY; $2,500 - $9,999 earns 0.30% APY; $10,000 - $24,999 earns 0.40% APY; $25,000 - $99,999 earns 3.30% APY; $100,000+ earns 4.00% APY. Fees may reduce earnings.

Considering building a new home? Call your loan officer first.

2023_Summer_Image-11 BorrowIf you want to build your dream home, start working with a mortgage lender early on. While they will certainly help with financing the construction, your loan officer can assist in other aspects of the process as well.

Loan officers have connections with local builders and can provide a list of reputable ones, saving you time and hassle. Working with a builder recommended by your mortgage lender can simplify paperwork and speed up approvals, leading to faster construction.

Budgeting is crucial, and your loan officer will help determine your options. Consider all construction costs, such as land purchase, permits, materials, and labor. Builders can help you budget and have a defined process for selecting and modifying style, square footage, finishes, and custom features.

For financing, first-time builders have two options. Some larger builders can finance the construction themselves, with the cost included in the construction cost – you close on the mortgage once the home is completed. This is known as an end-loan mortgage. The other option is a construction mortgage, which offers advantages including control, rate protection, and lower closing costs.

LMCU provides both end-loan and construction mortgage options. Your loan officer can recommend the best financing option based on your situation and chosen builder. To explore your options or start building, contact our mortgage team at (844) 754-6280 or visit to connect with your local LMCU loan officer.

LMCU Financials

As of May 31, 2023

Assets | $12,496,361,981
Loans | $10,814,645,122
Deposits | $10,553,601,165
Members | 574,708


Topics: Newsletters