We hope this information and the many resources we have provided will help you understand personal financial matters. We have included information on personal accounts, automated services, car loans, auto insurance, and college financing. If you have suggestions on topics that may interest you, please send us an email.


Web Sites Made For You!

Elementary Students                            Middle School Students

                

 

High School                                             Young Adult

                

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Own Your Savings & Checking Account

Member Junior Share

This is the perfect account to learn about the benefits of savings. This account is designed for members under the age of 18 years. After you reach the age of 18 years, the account can be turned into a member share account. You will be able to have a free ATM card to access your account 24-hours, 7-days-a-week with authorization of your parent, grandparent, or legal guardian. This account is required when you open a member junior checking account relationship. Member Junior Share accounts have the benefits of free on-line banking, free phone banking, free e-statement, and free e-notice.

Member Junior Checking

If you are between the ages of 15 -17, the Member Junior Checking account is perfect for you! This account requires parent or legal guardian authorization. Your Member Junior Share Account must be active to open a Member Junior Checking Account. Open your Member Junior Checking Account today and begin learning how to manage your personal finances. Free VISA Debit Card, free on-line banking, free phone banking, free e-statement, and free e-notice are available with this account.

Special Notice Regarding Minor Accounts:

Minor (0-17 years) can have share account opened by parent, grandparent, or legal guardian 18 years or older on behalf of minor.
Minor (12-17 years) can open share account only with proper ID (minors without photo ID can use social security card or birth certificate).
Minor (15-17 years) can open share account with ATM card with proper ID (Must also have parent, grandparent, or legal guardian 18 years or older as joint owner).
Minor (15-17 years) can open share account, checking account, and debit card with proper ID (Must also have parent, grandparent, or legal guardian 18 years or older as joint owner).
Minor accounts – joint owner can be removed from the account, but the account must be changed to a share savings account only. Any ATM, Debit Card, or Checking account must be closed when removing the parent, grandparent, or legal guardian 18 years or older.



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 Debit Card

Enjoy the benefits and convenience of the card that works like a check. Your VISA Debit Card gives you 24-hour, 7-days-a-week access to your checking account every day of the year. No need for writing checks. Every transaction is reported on your monthly statement. It also allows you to make purchases wherever VISA is accepted worldwide. Your VISA Debit Card can also be used at any of our ATM locations to make withdrawals, transfers and to check account balances. Apply for your VISA Debit Card today! Members Credit Union ATM's accept the following networks Cirrus, MasterCard, VISA, NYCE, American Express, and Co-op. 

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Members Credit Union ATM Card

Use your ATM card to access your accounts 24-hours, 7-days-a-week. Withdraw funds, transfer funds and check balances. Access your funds at any Members Credit Union ATM without incurring a fee. ATMs are conveniently located within our office network. We are a member of the CO-OP Network which maintains over 28,000 surcharge free ATMs nationally. Apply for your ATM card today!

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Building Good Credit    

Why build good credit? It will help you qualify for loans, auto insurance, rental applications, cell phone plans and can even affect whether you get a job. How do you get started? Consider these 10 easy steps and you can be on the path to building good credit!


1. Become an authorized user on your parents' account. You can consider being an authorized user on your parent's credit card account so your parent can help you monitor your spending and explain how credit card statements work. Additionally, this can help you build good credit via "piggybacking”. In piggybacking, a parent makes a child an authorized user. If the parent has good credit, the child's credit gets a boost.

2. Open up your own credit card. If you can provide proof of income, it may be time to apply for a card in your name. You should know that when you receive a credit card that's all yours, one with no co-signers, the responsibility for handling the card wisely and repaying your debts is all yours.

3. Get the right credit card for you. Before you apply for a credit card, "you must do some research to find a card with the most benefits -- a lower interest rate, no annual fees, reasonable credit limits and clear billing policies. If you don’t qualify for a regular credit card, you may qualify for a secured credit card, which is attached to a savings account. However, if you pay the bill responsibly and on time, you will eventually qualify for a regular credit card.

4. Use the credit card for occasional, small purchases. Since responsible card use and on-time repayments will help you build a good credit history, while also discouraging the credit card issuer from closing your account due to inactivity, don't just leave that plastic sitting in your wallet. By using the card and paying it off frequently, you will begin to build a credit history. Consider putting small, recurring charges on your card. For example charge regular expenses, such as groceries or your cell phone bill, that you won't have trouble repaying at the end of the month.

5. Avoid big-ticket buys, except in case of emergency. Credit cards can be a valuable financial tool. Keeping your debt levels low will ensure that if there is an emergency expense, you'll still have plenty of your credit line accessible. That way, if you need a car repair or have a computer melt down, you can purchase a replacement without exceeding your credit limit.

6. Pay off your balance each month. When you are first building good credit, do your best not to carry a balance on the card. Use the card only for purchases you can afford, and pay off the balance at the end of each month. What if you can't pay off your balance? You are living beyond your means and shouldn't be making those purchases.

7. Pay all your other bills on time. Think only your credit card affects your credit? That's how it used to be but now things have changed. Utility companies, rental landlords, cell phone companies, libraries, and many others are reporting your payment history to credit bureaus. Often, students are surprised to find out that they failed to pay a traffic fine and it eventually is reported to a credit bureau. Paying all your obligations consistently and on time is essential.

8. Don't co-sign for your friends. Just like you may need an adult co-signer to get approved for a card, your under-21 friends will, too. To help them get approved for a card, some of these friends may approach you to become a joint account holder. Don't. That's because when a friend doesn’t make the payment you not only become liable for everything charged if your friend decides not to pay, but it could blemish your own credit record.

9. Do not apply for several credit cards at one time. Now that you have credit in your own name, don't go wild. If you apply for too much credit in too short a period of time, your credit score will fall. If you have built up strong credit over several years, it will hurt you less, but if you have barely established credit and apply for multiple cards, it can lower your credit score significantly. Having just one card is ideal for most students.

10. Use student loans for education expenses only, and pay on time. Students should view their student loan as a great way to cultivate important habits that will help them build and maintain good credit. Never use your student loans for non-student items. Remember, you will have to repay the student loan and it should be invested in your education.

For more information on how to build and keep good credit visit the
Federal Trade Commission – How to Build a Better Credit Report Site

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm

 

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     Share Secured Credit Card

Members Credit Union offers share secured credit card programs for members that have never had a major credit card or have had problems establishing credit. We offer these special programs to assist our members in establishing a credit history. If you have tried in the past to get a major credit card but have had problems, and now can demonstrate financial responsibility, then we have the credit card program for you. Check with our credit union lending center for details.

Contact our Lending Center at:
231-929-2010   Local
800-765-0113   Toll Free
866-632-8238   After Hours

* Variable rate adjusted annually

Share Secured Credit Card Rates
TypePurchase APR+Balance Tfr. APR+Cash Adv. APR+Min. Fin. ChargeAnnual FeeGrace Period PurchasesLate Pmt. FeeOver Limit FeeComputation Method**
Classic 13.96* 13.96* 13.96* None None 25 Days $10.00 None Average Daily Balance

+    Interest Rate Based On Approval

* Annual Percentage Rate

** Average Daily Balance Including New Purchases

International Transaction Fee - Up to 1% of Foreign Transactions

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Auto Loans For You

Get a great deal on your Auto, Truck, or SUV Loan!

Members Credit Union has the loan to get you in the vehicle you want. We offer competitive rates and terms to meet your needs. There are no application fees for vehicle loans. We provide 100% financing with $0 down based on the value of the vehicle.  Why should you pay a higher rate if you can get a great rate at your cooperative credit union?

NEW VEHICLES

New Auto Rates
Model YearAPR* as low asMaximum Term

2013 & Newer **

2.75% 48 Months

2013 & Newer **

3.25% 72 Months

2013 & Newer **
Loan Amount:
$20,000 or greater


4.25% 84 Months

* Annual Percentage Rate - As low as rate offered is based on credit worthiness factors
  Lowest rate inclusive of all discount programs

** Borrower is first titled owner
Before you buy your next vehicle, get a Members Credit Union free pre-approval. Know what you can afford before you begin shopping. Avoid the financing hassles of purchasing a new auto. If you are buying from an auto dealership, request your auto financing through Members Credit Union. We have great relationships with area dealers and they can send your application directly to Members Credit Union. We offer competitive new auto rates. Our loan process is easy and we have flexible terms to meet your budget.

USED VEHICLES 

Used vehicles offer a great savings for our members. Members Credit Union has competitive used auto rates that can put you behind the wheel of a vehicle today!  Remember, no applications fees and free pre-approvals can help you take the mystery out of financing your vehicle.

Used Auto Rates
Model YearAPR* as low asMaximum Term

2009 or newer

3.25% 60 Months

2009 or newer

3.75% 72 Months

2008 or older

4.50% 48 Months

* Annual Percentage Rate - As low as rate offered is based on credit worthiness factors
  Lowest rate inclusive of all discount programs

     

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    Auto Insurance*

As a credit union member, you have the chance to save money on your car and home insurance. Exclusively for credit union members.

New Benefit! Click here to subscribe to this program.

 

     Auto Insurance*

We have partnered with AAA of Michigan to provide you a special group rate!

Member Benefits Include:

  • Peace of Mind - AAA Roadside Assistance, Car Travel Interruption Protection, and more.
  • Valuable Savings - Show Your Card Merchant Discount Program
  • Insurance - Auto Insurance and Home Owners Insurance
  • Travel - Full Service Leisure Travel Agency

Click here to enroll in this program.

*Insurance and Investment products offered through these organizations are not guaranteed by Members Credit Union or the NCUA.

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Considering your options before heading off to college?

Area high school juniors and seniors have options in our community. The TBA-ISD Career-Tech Center and Manufacturing Technology Academy can prepare you for college or technical school. Each facility offers a variety of programs and technical skills to further your education and prepare you for the challenges of your career.

The credit union has a student branch located inside the Career-Tech Center to provide you with convenient services and products. The staff are always there to help you understand your personal finances and assist you with your accounts. Many of the Career-Tech Center and Manufacturing Technology Academy students have part-time jobs in the community. It is an excellent idea to open your Member Junior Savings and Member Junior Checking and direct deposit or deposit your paycheck into your account. If you visit the Career-Tech Center on a school trip make sure to visit our student branch.

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What is FAFSA?

The first stop for student financial aid is the Free Application for Federal Student Aid (FAFSA)  http://www.fafsa.ed.gov/ .

Do not be fooled by other websites that look and seem like the official government FAFSA site. The most important thing to remember is that the FAFSA application is free, there is no cost to apply. If the website you are on is asking for an application fee, you are on the wrong site. The student, parent, or legal guardian should read and research the FAFSA website.

Make sure you apply to the colleges of your choice. After you have received confirmation of college acceptance, you will need to complete your FAFSA. Make sure you have your most recent income tax form, your parent's income tax form, your legal guardian income tax form, Drivers Licenses, Social Security Numbers, and Birthdates to begin the application process.

The State of Michigan has a deadline to apply by March prior to the fall semester you plan on attending. The Federal Government has a June deadline to apply. Check the FAFSA website for deadline details. After you have applied through FAFSA and have received your confirmation you can follow up with your college financial aid office to verify the amounts that will be available to you.

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Community College

Just starting out on your undergraduate or going back to college to change your career? Consider going locally to college. The region offers some excellent community colleges. We are providing links to local community colleges in our region for your convenience.

 

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Northwest Michigan's Largest Credit Union