October 27, 2010

Message from the President

As we begin the month of November, I would like to share how thankful and privileged we are to have you as members of Lake Michigan Credit Union. This has been another very successful year and we have so much to be thankful for, and we want you to know you are appreciated and valued.

We have experienced tremendous growth over the last year, recently surpassing $2 billion in assets. We are the second largest credit union in Michigan and the 53rd largest in the nation. This is a remarkable accomplishment, especially given the current economy ...in this state. What does $2 billion in assets mean? It means working with members like you throughout our community to loan money for your homes, your children’s education, your cars, your small businesses and more. It also means you have entrusted us with your hard-earned savings dollars and you count on us for convenient and easy access to your money for all of your day-to-day needs.

For the past year, we have been the leading credit union mortgage lender in the state of Michigan. Our recent merger with Kalamazoo Citizens Credit Union has grown our membership to over 170,000 households and our number of branches to 30 locations. We recently received a coveted Callahan Member Service Award for being one of the top credit unions in the nation for what we give back to you, our members. Our financial strength and stability has also been recognized with a Certificate of Excellence Award from Clayco ranking us above 98% of all credit unions in the nation. Additionally, our Insurance Agency was just recognized for ‘greatest personal lines policy growth’ by Citizen’s Insurance. Our Auto Center and Investment Division continue to provide exceptional value to our members. Because of this explosive growth, we have added over 100 jobs right here in West Michigan and now employ over 500 people.

Our goal is to do 'what’s right for our members'. Be assured, we will always do our very best to offer you the most competitive and attractive rates on deposit and loan products, and to provide you with personalized and exceptional service. Please consider referring your family, friends, and neighbors to LMCU so they too can benefit from the exceptional value we have to offer.

We know you have many options on where to bank. It is our mission to be the best place for your money. Thank you again for your business. Thank you for a great year!

Sandy Jelinski, CEO and President