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Author Archives: Emily Nickerson
Calling all graduating high school seniors! Applications for our 2014 Dollars for Scholars Scholarship Program are due Saturday, March 15. Apply online today! In 2014, we will be awarding 20 scholarships of $1,000 and an iPad to Consumers Credit Union members who are graduating high school seniors. We’re proud to offer assistance to our members as they further their education! Consumers Credit Union’s Dollars for Scholars Scholarship Program has been helping student members achieve their dreams of attending college for over 20 years. More than 70 scholarships have been awarded since the program’s inception.
Tienes tus metas. Pides prestado para lograr esas metas. Como socio de una credit union, puedes aprovechar las bajas tasas de interés que ofrece. ¿Cuáles son las razones comunes para pedir prestado? Mejoras de la vivienda, para empezar. Puedes decidirte a renovar tu cocina, ampliar el patio o sembrar arbustos en el jardín. O quizás, puedes pedir dinero para pagar una boda, financiar un automóvil o abrir un pequeño negocio. ¿Cuál es el préstamo apropiado? El deseo de hacer mejoras—ya sea a la vivienda o algún aspecto de su vida—es la razón por la cual Consumers Credit Union ofrece una gama de préstamos para cualquier buen propósito. También tenemos excelentes tarjetas de crédito con tasas de intereses bajas. Usted puede solicitar un préstamo o tarjeta de crédito con un número de seguro social o ITIN. Haga su solicitud en persona, por teléfono o por el Internet en Online Banking. La mayoría … …continue
If you want to stand on your own when building credit or have been turned down and need some credit repair, Consumers Credit Smart can help! Our new program helps you build payment history to begin establishing or repairing your credit. Upon completion of the program, you’re guaranteed a Consumers auto loan or credit card. How does it work? 1. Apply with a Consumers Credit Union Member Service Representative. 2. Make your monthly payments. 3. During the term of the loan, complete a budgeting session with our partner Accel Financial Services. 4. Congratulations! Once your saver loan is paid in full, you are guaranteed a future auto loan or credit card with Consumers. To learn whether the Credit Smart Program could benefit you, call us at 800.991.2221 or stop by any of our offices.
The information in this post is provided by our partner Accel Financial Counseling. Accel’s counseling services and educational programs are available free to all Consumers members. The earlier you start saving, the more you will benefit from compounding interest. This is the interest earned on interest payments already built up in an investment fund. The earlier you begin, the larger your nest egg will grow. Here’s an example of two friends, Grace and Drew, who had different savings strategies. Grace saved $1,000 a year for 10 years, starting at age 25. Drew saved $1,000 a year for 25 years, starting at age 40. Both earned the same 8 percent return. Who ended up with more money at age 65? It had to be Drew, right? Wrong. Grace benefited from her head start and the power of compounding. Here’s the breakdown: Grace Drew Began saving at 25 Began saving at 40 … …continue
Consumers Credit Union is pleased to welcome three new members to its Board of Directors. Kevin McPherson and Kim Shook, both of Mattawan, have joined as Directors. Nick Zafer, of Kalamazoo, has been appointed as Associate Director. “These three individuals bring a wealth of diverse experience to our board,” says Kit Snyder, President and CEO of Consumers Credit Union. “Each has strong leadership skills, a proven commitment to the communities we serve, and a passion for the credit union’s mission. We are thrilled to bring them on board and look forward to working together.” Kevin McPherson is currently a Principal with Rose Street Advisors in Kalamazoo and has been with the agency for over fifteen years. He is a member of the National Association of Health Underwriters and holds an MA from Western Michigan University and a BA from Central Michigan University. McPherson and his wife, Jennifer, have three children. … …continue
As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be hosting monthly “Ask Tim Anything” chats on our Facebook page. In February, he took your savings questions. In case you missed it, here’s the play by play. Not coincidentally, this is America Saves Week! Many additional savings resources are available on their website. Q: Can the credit union help me save for retirement? A: Absolutely! Your retirement savings needs depend on many factors unique to you. Our retirement experts offer complimentary consultations to all members to uncover the best option for you. Q: If you need to make a large purchase and have the funds now, should you purchase it (depleting your savings) or look to finance it at the lowest possible rate and keep your nest egg? A: Cash is king. Depending on your situation, you may look at a balance between … …continue
On Professional Development Day, our Keynote Speaker, Veronika Scott, shared the story of The Empowerment Plan, a Detroit non-profit that hires homeless women from local shelters to manufacture the EMPWR Coat, a garment that serves as both a coat and a sleeping bag. These coats are distributed to homeless individuals within the community, at no cost to them. Veronika started The Empowerment Plan as a student at the College for Creative studies in 2010. A design class project prompted the question: What do the people of Detroit need? When she learned that the city was home to over 20,000 homeless individuals, she realized that what many people needed during a frigid Michigan winter was warmth. Shelters alone could not provide every individual in need with that basic necessity, and many of those most vulnerable to the weather valued maintaining as much independence as possible and would not go to a … …continue
Our doors were closed on President’s Day, but our staff was active behind the scenes, participating in learning and leadership opportunities at this year’s Professional Development Day. Kit Snyder, President and CEO, says, “Each year, we enjoy this time to connect with our teammates and grow our knowledge. We do this because Consumers believes that our people are our greatest asset. Each employee is a leader, and the decisions they make every day touch thousands of members’ lives.” Each of our team members is an expert in their role, and on Professional Development Day, we get to learn from many of them. Our CFO Steve Howard led a session on understanding our Key Performance Indicators (KPIs). Shawn Premer, VP of HR, and Kristen Davidson, Training and Development Manager, shared the importance of employee engagement and what managers can do to foster engagement with their teams. Office Managers Steve Dykstra and … …continue
As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be taking your savings questions on our Facebook page on Tuesday, February 25 from noon to 1 pm. Do you want to learn strategies to boost your savings this year? Ways you can start saving today? How to save for a rainy day, a vacation, and more? Bring your questions! We’ll start the discussion with a post on our Facebook page. Comment on it with your questions, and Tim will respond as questions come in. Please remember that Facebook is a public forum. For your security and privacy, we ask that you never disclose any personal banking information online. Certain questions may require us to refer you to our Member Service Center for personal attention offline. If you have a question about your accounts with Consumers, please call us at 800.991.2221 for assistance.