December 30, 2011

A New Year’s Message from the President

As we celebrate the beginning of a New Year, I would like to briefly share some of the exciting results achieved in 2011:
  • More people discovered the tremendous value offered by LMCU, with 10,000 new members joining in 2011, increasing our membership to over 180,000.
  • Despite a very challenging economy, your credit union increased its already stellar financial position by growing assets over 10% and receiving a solid four-star rating from Bauer Financial.
  • We are also helping the economy, adding 129 new team members, for a total of 592 LMCU staff.
  • The mortgage team originated over $1.2 billion in money saving mortgages, bringing the total loans serviced by LMCU to over $3 billion.
  • Two new branches were opened, one in Portage and the other in Knapp’s Corner in Grand Rapids, to better serve you.
  • LMCU was ranked seventh nationally, and the only financial institution in Michigan in the top 25, in the Bancography Brand Value Index, a measure of the overall value delivered by a financial institution.
  • An exciting mobile banking app was launched to enhance the service options for our members and over 10,000 people downloaded the app in less than a week. Mobile banking allows you to use your smart phone to connect with your accounts from anywhere.
  • LMCU fortified our position as the market leader in both deposit market share and mortgage volume in Kent County.
We sincerely appreciate your support and the referrals you make to family, friends and associates. It’s because of you that we exist and we look forward to serving you in 2012 and beyond!

Sandy Jelinski, CEO and President