February 25, 2015

It’s not too late to make IRA contributions for 2014

Individual Retirement Accounts (IRAs) are great vehicles for retirement planning. Not only do regular contributions help build your retirement nest-egg, they also may offset your taxable income, reducing taxes due for the year in which they were made.* But your opportunity to contribute to these plans didn’t end on New Year’s Day. You can still make contributions to your IRAs until the tax day deadline, April 15, for the 2014 tax year.

The IRS sets limits on how much can be contributed in any given tax year toward traditional, Roth, and Simplified Employee Pension (SEP) IRAs. Did you know that maximizing your IRA contributions can also result in a more favorable asset determination when applying for a child’s college funding? Well yeah!

To learn more about IRA management, contact Lake Michigan Investment Services for a free analysis. Schedule your appointment with us today by calling (616) 234-6301 or go online to LMCU.org/investments.

LMCU member-only discount for LifeLock Identity Theft Protection

Anyone who’s ever had their identity stolen will tell you that it’s one of the most frustrating and costly events of their lives. LMCU is proud to now offer LifeLock, one of the world’s premier data protection firms, at a great discount to our members. Check out how you can save both money, and your financial wellbeing. Sign up at any branch, call (616 or 800) 242-9790 or email members@lmcu.org.

LMCU Annual Meeting Notice

The annual meeting for members of Lake Michigan Credit Union will be held on Tuesday, April 28, 2015, at the credit union’s corporate office located at 5540 Glenwood Hills Parkway, SE, Grand Rapids, MI in the 1st floor training room, starting at 5:30 p.m.

In accordance with the credit union’s bylaws, the Secretary hereby submits the following election notice: Four Board of Directors’ term of office will expire at this meeting. The four incumbent Directors have decided to serve another three year term. They are Cheryl Parker, Ken Larsen, William VanPortfleet and Jim Schipper.

No nominations will be taken from the floor as there is only one nominee for each position being elected.