Author Archives: Emily Nickerson

Need a New Toy? Save Money Just for Being a Consumers Member!

Todd G. and his hog, joined 2011

When you choose to finance your new car, truck, RV, motorcycle, or snowmobile with Consumers, you know you’re saving money with our low rates and saving time by working with the experts you know and trust. Save even more with preferred pricing on most new GM vehicles, available to all current and eligible credit union members. These savings are in addition to the most current incentives and special offers! GM’s high-fuel efficiency vehicles can save you even more. Start saving today. Visit LoveMyCreditUnion.org to see how much you can save and request your GM Authorization Number. To learn more about vehicle loan options through Consumers, visit us online at ConsumersCU.org/Loans/Vehicle or call us at 800.991.2221. Watch the video below to hear from members who love Consumers—and their toys! And don’t forget to share your #MyCUToyStory in our Instagram contest!

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July 15 Ask Tim Anything: ConnectU Facebook Chat

Consumers ConnectU - Tim

As part of our Consumers ConnectU financial education series, Tim Kosak, our Consumer Lending Manager, will be taking your money management questions on our Facebook page on Tuesday, July 15 from noon to 1 pm. Do you want tips on making a budget you’ll actually use? Strategies for teaching your kids and teens to save? A better understanding of why your credit score is so important and what it actually means? 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, … …continue

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You’re Invited! Complimentary Retirement Income Planning Seminar on July 16!

Bill Bouma - 2013 09

Are you interested in rolling over an investment account? Do you have questions regarding your current or future investments or retirement planning? On Wednesday, July 16, 2014, Consumers Credit Union is hosting a complimentary Retirement Income Planning Seminar at Northwoods Café in Coldwater at 6:00 pm to help you think through the above questions. This seminar will be presented by Bill Bouma, a CFS* Financial Advisor at Consumers Credit Union. With a background in business and finance and a solid commitment to the financial well-being of each member, Bill is ready to help with retirement planning, educational planning, and investment management. To reserve your seat for this educational seminar, please register here. *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or … …continue

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Your Financial To-Dos

Dylan R.

We want you to find financial success—without the stress. Just complete these monthly tasks to stay on top of your finances all year long. July: Seek out summer fun on the cheap. Camping, local festivals, West Michigan beaches—we live in an area that provides numerous inexpensive options for summer fun with family and friends. What’s your favorite? August: Invest in your future. It’s Back to School season! Even if you’re not headed to class, take some time to plan for your future, whether it’s picking up a new skill to boost your career, helping your kids prep for school, or reviewing your retirement saving options. September: Review your debt. What kind of debt do you have? Are you prioritizing payments on certain loans to help you reach your goals faster? Could refinancing lessen the burden of your monthly loan payments or save you money in the long term? If you … …continue

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Did You Know? Consumers Brings Financial Wellness to Your Workplace!

Consumers @Work

Our Consumers @Work program creates partnerships with local companies to provide your employees with information, education, and financial services. You prioritize your needs, and we create programs to help your staff with personalized services and free seminars. We believe in West Michigan businesses, and we know that employees are happier and more productive when they feel financially secure. Take advantage of convenient complimentary education programs brought right to your workplace. We’ll also connect your staff to our expert financial advisors and retirement specialists to who can provide the resources necessary for financial empowerment. Watch the video below to hear how Consumers @Work has benefited our current partners. Contact us today at 800.991.2221 or atWork@ConsumersCU.org to find the best solution for your business.  

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Need New Windows? Furnace? Air Conditioner?

Windows, with lens correction - iStock_000003160085Large

Our Michigan Saves Home Loan Program connects you to more than financing options for your home upgrades. The program makes it easy to find the experts you need to complete the job. The first step in applying for a Michigan Saves Home Energy Loan is selecting your contractor. When you select a Michigan Saves authorized contractor, you know they meet the requirements for licensing, insurance, and third-party certification. Advanced Contractors have additional technical certifications and are authorized to perform a broader array of services and improvements. To choose from the authorized contractors in your area visit MichiganSaves.org, where you’ll find contact information, services provided, and customer ratings. Your contractor will provide you an estimate based on your energy assessment or choice of qualified energy improvements. Your contractor will help connect you to your financing options—be sure to ask for Consumers Credit Union by name and you’ll have a decision within … …continue

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Show Off Your Ride, Win a Full Detail!*

MyToyStory Header Image

We want to hear about your special car, truck, RV, snowmobile, motorcycle, or boat! Why do you love your toy? Is it your first car, the boat that holds too many fond fishing memories to count, or the bike you had dreamed of owning for years? Show off your ride, share your story, and you could win a full detail for your special vehicle! It’s easy to enter! Click here to get started. You’ll be prompted to do the following: 1. Take a picture of your special vehicle. 2. Share your photo on Instagram with the hashtag #MyCUToyStory. (Not on Instagram? It’s easy to get started and share your first photo! Download the app here. Or drop off a photo with your story to any Consumers Credit Union office.) 3. On the entry page, tell us why you love your “toy” and add your photo. 4. Share with friends! One … …continue

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Act Quickly to Correct Credit Report Errors

Excellent Credit Score

An error on your credit report can be costly. The costs may come in the form of higher interest rates on loans or credit cards, higher costs for services such as insurance or cell phones, and even lost employment opportunities. Finding Errors Credit report errors can be as simple as a misspelled name or an outdated address. Or they may be more serious, such as placing another person’s debt on your credit report. Some errors may be the result of identity theft, which occurs when someone deliberately steals your personal information to gain approval for credit or loans. To check your credit report for errors, you can get a free copy from each of the three credit reporting agencies once every 12 months at AnnualCreditReport.com or by calling 877-322-8228. You can check all three companies at the same time or order a report from a different company every four months … …continue

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Un comienzo inteligente para usuarios jóvenes del crédito

Couple using a tablet computer

Dado que el crédito es una herramienta muy buena para el manejo del dinero, su uso desenfrenado puede afectar su capacidad de encontrar un trabajo, alquilar un apartamento o comprar un auto. Siga los consejos de la Asociación Nacional de Consejeros de Crédito y la Asociación Nacional de Credit Unions para el uso de sus tarjetas de crédito: Escoja una tarjeta con tasas y cargos por uso bajo. Que su primera parada sea Consumers Credit Union. Las tarjetas en las credit unions generalmente tienen tasas más bajas y cargos por servicio menores que en otras instituciones financieras. No cargue más de lo pueda pagar cuando la cuenta llega. Piénselo dos veces antes de cargar sus vacaciones, nueva ropa u otros artículos que no valgan la pena si no puede pagarlos cuando llegue el estado de cuenta. Lo que debe hacer es abrir una cuenta de ahorros para compras futuras. No … …continue

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Calculate Your Debt-to-Income Ratio

Calculator

It’s good to know how lenders determine if you’ll be able to afford your monthly payments comfortably, based on your income and other debts. One of the calculations a lender evaluates is your debt-to-income ratio. Use this guide to calculate your debt-to-income ratio. Begin by adding up your monthly payment obligations: Monthly mortgage or rent $________ Minimum monthly credit card payments ________ Monthly car loan payment ________ Other loan obligations ________ Total minimum monthly debt payments: $ ________ Then, total your monthly income: Monthly gross salary $________ Other monthly income (bonuses, overtime, and so on) ________ Monthly alimony received ________ Total gross monthly income: $ ________ Divide your total monthly debt payments by your total gross monthly income: $ ________ Then, multiply the result by 100 to come up with a percent: ________% How does your debt-to-income ratio compare to the recommendations below? Keep in mind that a lending decision … …continue

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