A brighter future. - Lenco Credit Union

A brighter future.
JANUARY 2015
1.89% APR1!
Lenco Credit Union strives to
offer the lowest automobile
loan rates in the area. For the
615 W Maple Ave • Adrian, MI 49221
next 60 days, we’re offering
you up to $100.00 worth of
FREE GAS2 for bringing your
JOHN DOE
auto
loan to Lenco. That’s
615 W
MAPLE AVE
ADRIAN MI 49221
right, a FREE Gas Card plus,
a rate as low as 1.89% APR1.
Look at the great loan features we offer:
We want you back at Lenco Credit Union…
• Rates as low as 1.89% APR1
It's easy because you're Pre-Qualified to refinance your auto loan
• Financing up to 100% of NADA Retail Value
at a rate as low as 1.89% APR¹!
• Convenient Payroll Deduction or Automatic Transfer
August 13, 2014
• A FREE Gas Card worth up to $100.002
Dear John:
Stop by
one of
our
offices
or call
ourstrive
loan
officers
directly,
and
we’ll
get
As a member
of Lenco
Credit
Union,
you know
that we
to offer
the lowest
automobile
loan
rates in
theyou
area. on
For the
next
60
days,
we're
offering
you
up
to
$100.00
worth
of
FREE
GAS²
for
bringing
your
auto
loan
the road to saving money and put up to $100.00 worth of FREE Gas in
back to Lenco, where it belongs. That's right, a FREE Gas Card² plus, a rate as low as 1.89% APR¹. AND we'll
tank!
makeyour
refinancing
easy for you, since you are already pre-qualified for up to 100% of the NADA Retail Value of
your automobile.
Heidi J. Driskill, Loan Officer
Ashley Nease, Loan Officer
Look at the great loan features we offer:
517.263.9251517.264.2708
• Rates as low as 1.89% APR¹
• Financing up to 100% of NADA
Retail Value
hdriskill@lenco.org
anease@lenco.org
• Convenient Payroll Deduction or Automatic Transfer
1
APR•is A
Annual
Percentage
Rate. The
Annual Percentage
Rate is the advertised rate and can vary based on creditworthiness, age of vehicle and terms of the loan. Your
FREE
Gas Card
worth
up to $100.00²
rate can be higher depending on credit performance. Financing up to 100% of NADA Retail Value of the auto is available. Rate is subject to change without notice.
Auto loans currently financed through the credit union cannot be refinanced with this offer. Payment example: payments on a loan for a term of 60 months at 1.89%
APR would
be $17.48
per $1,000
borrowed.
would
love
for you
to make
Lenco Credit Union your financial institution of choice, so you qualify for this
We
2
Cardno
incentive
available
upon closingand
of newno
loans
$5,000 and greater.
Financed
loan amounts
$10,000
or less receive
a $25 Gas Card.
Financedcard
loan amounts
offer Gas
with
strings
attached,
additional
services
such
as, Direct
Deposit,
Checking,
or Debit
are
$10,001 - $20,000 receive a $50 Gas Card. Financed loan amounts $20,000 and greater receive a $100 Gas Card.
required. Lenco Credit Union has just the right options to meet your auto loan needs! Stop by one of our
New money loans only. Loan must be closed in the credit union office. Dealer Direct loans are not eligible for gas cards.
offices
or call our Loan Department at (517) 263-0851 .
Drive your auto loan back to Lenco Credit Union before October 12, 2014, and we'll get you on the road to
saving money and put up to $100.00 worth of FREE GAS in your tank!
"Bank" where you live and work. Think local. Think Lenco!
Sincerely,
Ben D. Neal
Heidi J. Driskill
Ashley Nease
IMPORTANT
YEAR END TAX
INFORMATION
This year members who
earned dividends during
2014 should use the
“Year-to-Date Divd Paid”
amount listed on their
end of year statement for
tax filing purposes in lieu
of IRS FORM 1099-INT.
This amount is claimed
as Interest Earned on tax
forms. A separate FORM
1099-INT will not be
mailed. Members with
home equity loans will be
receiving an IRS FORM
1098 (Mortgage Interest
Statement) showing yearto-date interest paid on the
loan in a separate mailing.
Receiving a tax refund?
Take advantage of the
IRS Direct Program, the
convenient and safest
way to get your refund.
Simply include the credit
union routing number
(272476268) and your
account number directly
on your 1040 form in the
section labeled “Refund.”
The IRS will transmit your
refund directly to your
account. There is no check
to get lost or stolen plus
you’ll receive your refund
up to three weeks quicker!
www.lenco.org
NOTICE OF ANNUAL
MEMBERSHIP MEETING
Lenco Credit Union’s Annual Meeting
is scheduled for Thursday, April 16th at
7:00 P.M. The meeting will be held in the
Community Room at the LISD Education
Service Center (4107 N. Adrian Hwy,
Adrian). All members are invited and are
welcome to attend.
Why do we have an Annual Meeting?
Lenco Credit Union is a not-for-profit,
cooperative financial institution owned by
its members. When a member opens a
share savings account he or she becomes a
member-owner and the deposit represents
a share of ownership. At the Annual
Meeting, members elect a volunteer board
that oversees the credit union with each
credit union member having one vote. The
volunteer board serves the membership and
their decisions are based on what will benefit
the credit union and its’ membership.
The Annual Meeting agenda includes a
brief business meeting and reports on the
financial condition of the credit union plus
provides an opportunity to meet those
members who have volunteered to serve on
the Board of Directors.
If you are interested in a volunteer position,
either on the board, credit committee, or
other study groups that are occasionally
used to give input to the board, we invite
you to submit a request to David Chambers,
President/CEO at the credit union office.
A brighter future.
615 W. Maple Ave. | Adrian, MI 49221
1455 E US-223 | Adrian, MI 49221
Phone: (517) 263-0851
e-mail: lenco@tc3net.com
www.lenco.org
Tired of paying too much for your cell bill? We don’t blame you. So
we’re helping you save with the Sprint Credit Union Member Discount
from Love My Credit Union Rewards. As a Lenco Credit Union
member, you can save on your monthly wireless bills – plus have your
activation and upgrade fees waived.
Our members can get:
• 10% discount on select regularly priced Sprint monthly service
• Activation fee on new lines waived (up to $36 in savings)
• Upgrade fee waived (up to $36 in savings)
3 Ways to Get Your Discount:
• Call 877.SAVE.4CU (877.728.3428) and let them know you’re a credit
union member. Ask to be a part of the NACUC_ZZM Corporate ID to
save
• Click LoveMyCreditUnion.org/Sprint
• Visit your nearest Sprint store
Current and new Sprint customers need to verify credit union
membership to take advantage of these exclusive discounts. Visit
www.Sprint.com/verify or download the Love My Credit Union
Rewards app in the Apple App Store or Google Play to verify your
membership.
Stop paying too much for your wireless services, start saving with the
Sprint Credit Union Member Discount today!
SEE US FOR YOUR
HOME MORTGAGE NEEDS
Lenco Credit Union now offers 10, 15, 20, and 30 year Fixed
Rate First Mortgages. There is no application fee and closing costs
and rates are among the lowest available in Lenawee County.
We are your complete mortgage lending solution. We know
mortgage lending, and we’ll help you move into your new home
or refinance your existing property faster and easier than all other
lenders.
For information on Home Loan Basics,
our Rates & Services, and an On-line
Application Form visit the LENCO
MORTGAGE CENTER on our website at
www.lenco.org or contact Linda Arnett at
larnett@lenco.org.
Board of Directors
Sam Ewing
David Stanifer
James Seitz
Deanna Hartley
Keith Dersham
Fred Herman
Chairman
Vice Chairman
Harrison Gonser
Secretary
Treasurer