Lake Michigan Credit Union Premier Banking

Premier Banking: Who we are and what we do.

Premier Banking is a highly personalized service featuring exceptional products that serve professional clients in ways that meet their busy lifestyles. The Premier Banking group caters to clients with a verifiable net worth of $1 million or more and annual incomes of $200,000 and higher*.

As a Premier Banking client at Lake Michigan Credit Union, you’ll be entitled to the best of everything.

That means one of the highest interest-bearing checking accounts in the nation, low mortgage rates, special discounts on consumer loans, plus exceptional, professional assistance and personalized service for all your financial needs.

For more information about any of the products or services mentioned in this brochure, please contact us at (844) 378-7840.

*Alternatively, Members with $1,000,000 in assets under management (AUM) with LMCU qualify for the Premier Banking Deposit products (can be combo of investments/ deposits, only investments, or deposits only). Eligibility qualification for loan products must be determined based on income verification. Physicians (M.D., O.D., and D.D.S.) qualify if they have been in practice for less than 3 years that have a net worth under $1 million with an income that exceeds $200,000 annually.

Premier Mortgage & Consumer Loans Living the good life is all about the right financing.

Premier Consumer Loans

As a Premier Banking client, you’re entitled to exclusive mortgage programs that allow you to finance up to 100% of your home’s value. Premier personal loans give you special discounted rates. It’s all good.

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Premier Mortgage Loans • Finance up to 100% of your home’s value • Great low mortgage rates and industry low closing costs • For primary residence, second homes, or vacant lots

Preferred rates No annual fees No pre-payment penalty Premier unsecured line of credit with a preferred low interest rate

Premier mortgages and consumer loans help deliver the good life.

NMLS #442967

Premier Checking Lake Michigan Credit Union’s 3% Premier Checking earns one of the highest interest rates in the country - over six times the national average. Premier Checking’s superior return pays you more than money market accounts, CDs, and many long-term investment products.

Premier Checking • Super high interest – 3.00% APY* on balances up to $15,000 and 0.40% APY on everything else, earning interest on every dollar • Unlimited check writing • No minimum balance required • Free Mobile Banking with enhanced mobile check deposit (deposit checks with your smart phone) • Free Bill Pay • Free wire transfers • Free safe deposit box – subject to availability • Free ATM usage worldwide • Free checks and cashier’s checks • Unsecured line of credit tied to Premier Checking • Premier Student Checking available

• Access to investment and insurance advisors, plus retirement services, including 401(k) retirement plans for your organization • Embossed leather checkbook and checks branded with Premier Banking insignia IOLTA Checking An Interest on Lawyer Trust Account (IOLTA) is an interest bearing checking account for lawyers and law firms to hold client funds for future distribution.

• Interest bearing • No monthly maintenance fee • No minimum balance required

*APY = Annual Percentage Yield. Rates as of 6/1/21 and subject to change after account opening. 0.40% APY paid on balances over $15,000. Some requirements apply. Fees may reduce earnings. $5 membership required if not a member.

Premier Business Services It’s our commitment and passion to deliver the very best value in all the financial areas that impact your business. In addition to offering above market rates on our business checking account, we also offer exceptional value in the areas of business, retirement services, and insurance.

Retirement Services • Retirement income planning for you and your employees • Services available for companies include: 401(k)s, Roth 401(k)s, IRAs, SEP, and Simple IRAs • Educational seminars for your company’s employees

As a Premier Banking client, you’re entitled to receive the benefits offered by Lake Michigan Credit Union’s investment and insurance teams.

Lake Michigan Insurance Agency As a Premier Banking client, you’ll have full access to Lake Michigan Insurance Agency’s full range of money-saving business insurance services.

Premier Business Checking Account

• Property, casualty and liability

• No fees and no minimum balance requirement • No monthly limit on checks written or deposits made • Preferred interest rate (currently 0.20% APY* on all balances)

• Individual vehicle plus company fleets • Commercial umbrella • Health and disability employee programs

• Complimentary first set of checks

*APY = Annual Percentage Yield. Rates as of 6/1/21 and subject to change after account opening. Some requirements apply. Fees may reduce earnings. $5 membership required if not a member.

Credit Cards Whatever your financial goal, our Premier Banking group has the perfect card for you. All three of our cards offer no annual fees, no balance transfer fees, 25-day grace period, 24/7 fraud protection, zero-fraud liability and free car rental insurance Max Rewards Visa Signature Credit Card Your Max Rewards come back to you as Credit Union Rewards points that can be redeemed for cash back, travel, merchandise, and more. Not only will you get Max Rewards, but also a low interest rate.

Features: • 3% cash back on gas purchases (up to $500 per month) or three Reward Points per dollar spent • 2% cash back on all grocery and restaurant purchases (unlimited) or two Reward Points per dollar spent • 1% cash back on all other purchases (unlimited) or one Reward Point per dollar spent • Rate as low as Prime + 6.75% APR* (variable) • Redeem points for cash, travel, or merchandise

• Easy access to view and redeem points through the LMCU app or Online Banking To redeem points for cash, contact LMCU Card Services at (800) 242-9790 x9915.

Prime Platinum Card If you tend to carry a balance from month to month, you'll love our Prime Platinum card. It's great for debt consolidation, with no balance transfer fees, and rated the best low interest credit card in the nation by Kiplinger.** Features: • Interest rate as low as prime + 3.00% APR • Rate is variable, tiered, linked to prime • Credit line of up to $25,000 Rates as of 6/15/21. *APR = Annual Percentage Rate. Rates are variable and subject to change after account opening. Lowest rate featured based on credit score of 760. Cash advance fee: 3% of cash advance. International transaction fee: 1% of transaction. Late payment fee up to $25. Subject to credit approval and income qualification. Other rates and terms available, contact us for more information. $5 membership required if not a member. **Kiplinger, June 2020.

PremierBankingMI@LMCU.org (844) 378-7840 4050 Lake Dr. SE Grand Rapids, MI 49546

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