January 2, 2017

VISA Debit Card Change Over



Lake Michigan Credit Union is making a change to its debit cards that may affect you.

All LMCU debit cards are currently hosted by MasterCard. Over the coming months, we will be making the switch to VISA as our new financial carrier. If you have a debit card with LMCU, 
you will be issued a new LMCU VISA debit card within the next few months.

This change applies to all LMCU accounts where debit cards have been issued: Checking, HSA, Paycard, Business and Premier. We will begin the reissue process beginning January 2017, based on current card expiration dates. Those expiring the soonest will be replaced first. The reissue process will be completed March 1, 2017.

Current MasterCard Debit Cards will continue to work until April 3, 2017.

LMCU is making this change because VISA gives us better service, better processing solutions and is more widely accepted. Additionally, this adds to our ability to maintain a 3% APY return on Max Checking accounts and to continue to add value to our many financial services.

We regret any inconvenience this change might cause you. Should you have questions, please call us at (800) 242-9790 or visit any branch location.


Thank you!

4 comments:

Anonymous said...

My card expires 03/2018, does that mean I have to wait until 03/2018 to get the new VISA card? Thanks for your help!

Kellene Giese said...

The first picture I saw of the new visa card looked like it had a chip, will it?

LMCU said...

We will begin the reissue process beginning January 2017, based on current card expiration dates. Those expiring the soonest will be replaced first. The reissue process for all cards will be completed March 1, 2017

Your current MasterCard Debit Cards will continue to work until April 3, 2017.

LMCU said...

Hi Kellene, yes the new debit cards will have the EMV chips.

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