Discover Financial Wellness and Success
Your Financial Check-In Starts Here
Explore assessments that help you build confidence and make informed financial decisions.
Gain insight into your overall financial health and receive personalized recommendations to help you reach your goals.
Get My Wellness ScoreUnderstand how financial stress may be affecting your well-being and discover resources that can help.
Get My Stress ScoreLearn how your beliefs about money influence your financial decisions and uncover opportunities for growth.
Discover My Money Mindset
19 articles found
Explore Our Topics
Savings Goals Calculator
Set a savings goal and see how long it'll take to reach it with LMCU's easy-to-use calculator.
HSA Calculator
See how contributing to an HSA with LMCU can help you save on healthcare costs and grow tax-free savings.
CD Interest Calculator
Estimate your CD earnings with LMCU's free calculator. See how term length and rate affect your savings growth over time.
LMCU is rated #1 for keeping more money in your pocket.*
Everything we do at LMCU is guided by you, our members. You’re our number-one priority, and that’s why we’ve been rated number-one by Callahan & Associates in the Return of the Member report.*
4% Max Checking - A little extra can go a long way
Right now, we could all use a little extra. With 4% Max Checking, you can earn up to nearly $600* extra every year in interest.
You and your investment representative: a relationship of trust
Perhaps your doctor, lawyer, and accountant are trusted advisors. Through years of working with them, they have come to know your family and your particular needs. How about your investment representative? Have you built the same kind of trusting relationship with him or her? Your investment representative could be a resource to tap for financial planning information through the many stages of your life.
Cash can get tight around the holidays
We get that. Consider LMCU’s Skip-a-Payment program for a little extra financial breathing room.
Make your Black Friday shopping more rewarding
Max Rewards Visa Your money will go farther with 3% (up to $500 per month) in cash back or points on gas purchases, 2% on groceries and 1% on everything else. Qualify for a Signature Max Rewards Visa card and you’ll get 2% back on restaurants and dining purchases, too!
You could earn an extra 100 coffee dates on LMCU
Pumpkin spice or not, you’ll earn 3.00% APY* on up to $15,000 every year with no fees, no minimum balance and access to over 55,000 ATMs worldwide through the AllPoint® network. That extra cash can turn your tall latte into a venti.
Keep your head in the game: avoiding mental errors when you invest
In the sports world, a mental error can cost your team the big game. When you are investing, a mental error can put your retirement portfolio at risk. Mistakes often result from letting misconceptions and emotions affect your decisions.
Lower your tax bill with year-end planning
As the end of the year draws near, the last thing anyone wants tothink about is taxes. But if you are looking for ways to minimize your tax bill, there’s no better time for tax planning than before year-end. That’s because there are a number of tax-smart strategies you can implement now that will reduce your tax bill come April 15.
Good savings habits start young
Our Kids Club and Teens Club will confirm once and for all that money does not grow on trees—it grows by saving and earning interest.
Financial wellness: establishing an emergency fund
First the car broke down, then the dishwasher stopped working, and now the dog is sick. Sometimes the old proverb, “It never rains but it pours,” seems to ring a
Have a 401(k) plan at a former employer?
Here are some options for getting the most out of multiple retirement accounts. You may have had multiple jobs over your career, and left behind retirement account balances of critical building blocks for your retirement. Here is a short guide to your options of what to do with a retirement account left with a former employer:
Investing for your later years? Think asset preservation but don’t forget growth
After years of investing for retirement and other goals, you may have accumulated a substantial portfolio. If you’re approaching or already enjoying retirement, there are important steps that you can take to help ensure that your investment plan -- and your nest egg -- is on track for your Golden Years.
Dividend-Paying Stocks: A Potential Source of Income
If you’re looking for an investment-income source, you may want to consider adding dividend-paying stocks to your portfolio. They may be especially appealing to retirees or investors who aren’t comfortable with a lot of risk.
Top 12 Tips to a Healthier Financial Future in 2019
Welcome to 2019! This month’s newsletter is packed with helpful advice on how to improve your finances both now and down the road. Just a few simple changes can be the key to making 2019 your best financial year ever.
Year-End Gifting Strategies
The tax year will be ending on December 31. If you have plans to make charitable gifts to family members, it’s last call to make those donations for 2018. The Basics If you have the financial ability and devotion to make lifetime gifts to family members, consider making them annually. The inflation adjustment for 2018 has increased the amount you can gift without being subject to a per-individual gift tax – $15,000 individual, or $30,000 for married couples. Keep in mind that gifting decisions should reflect any additional wealth transfers or estate planning steps you already have in place.
Wealth Management Is More Than Portfolio Supervision
At its most effective, wealth management is a multi-faceted approach—addressing risk and tax issues, estate planning and charitable gifting, and perhaps college and long-term care planning. It’s unlikely to find one single financial professional who’s equally well versed in all these disciplines. Acknowledging that reality, the LPL Financial Advisors of MaxWealth Management located at Lake Michigan Credit Union frequently collaborates in a team effort, to draw on their collective understanding to the benefit of their clients.
Fun Games. Smart Money Skills.
Help your child build confidence with money through interactive games that teach saving, spending, budgeting, and goal setting in a fun and engaging way. It's an easy way to introduce lifelong financial habits while keeping learning exciting.
