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COMMUNICATORCOMMUNICATORCOMMUNICATOR
30419 W. Six M
ile Road
Livonia, M
I 48152(734)425-5080Fax: (734)425-1181(800)452-5094
E-Mail: m
emberservices@
mcfcu.net
Web Site: w
ww
.mcfcu
.net
Office H
oursM
onday: 9:30 a.m
. - 5:30 p.m
.Tu
esday, W
ednesd
ay &T
hursd
ay: 9:30 a.m. - 5:00 p
.m.
Friday: 9:30 a.m
. - 6:30 p.m
.C
losed Satu
rday &
Sund
ay
Managem
entD
avid B
usd
eker, Presid
entB
arb Bennett, V
ice Presid
ent
Board
of Directors
Frank Sheridan, C
hairman
Jim M
olloy, Vice C
hairman
Patrick C
asey, Treasurer
Pat K
inney, SecretaryFrank U
rban, Director
Larry V
endal, D
irectorC
harles Zu
ccarini, Director
Clo
se Yo
ur V
ehicle o
r Ho
me Eq
uity
Loan
,C
ho
ose A
n Easter Egg &
Receiv
eU
p T
o A
$500
Cash
Reb
ate! *
Com
ing Soon...Cash D
ispensing ATM
National Shared Branching
Mich
igan C
olum
bu
s Federal C
redit U
nion
July 2003
MC
FC
U S
UM
ME
R L
OA
N N
OT
EY
ou promise to pay the C
redit Union the principal am
ount plus interest on theunpaid balance according to the paym
ent schedule and rate listed on thereverse side. T
he rest of the terms and conditions of this N
ote are listed herein.Y
ou also pledge your account in the Credit U
nion in accordance with the
“Pledge
of S
avings.” H
owever,
if paym
ents on
this loan
are up-to-date,
Borrow
er(s) can withdraw
shares and/or deposits in excess of the outstandingam
ount.A
.P
repayment: Y
ou can repay all or any part of this loan at any time w
ithoutpenalty.
B.
If a payment is 10 days or m
ore late, you may be charged 20%
of the interestdue.
C.
Default: Y
ou are in default if you fail to make a paym
ent on this loan on time.
You are also in default under this N
ote if you are in default under the“S
ecurity Agreem
ent” (if applicable) or under any security agreement or real
estate mortgage securing this loan.
D.
Acceleration: If you are in default, any part of this loan then unpaid and any
other amounts you ow
e under the “Security A
greement” if applicable or
under any other security agreement or real estate m
ortgage securing thisloan are due and payable in full w
ithout notice to you (unless such am
ortgage provides otherwise), at the C
redit Union’s option.
E.
Waiver of S
ecurity: The C
redit Union w
aives any security for this loan or forany refinancing of all or part of this loan or for any sum
owing under any
security agreement or real estate m
ortgage securing this loan, other than
the security granted by the “Pledge of S
avings” in paragraph G, by any
security agreement or real estate m
ortgage securing this loan and securityprovided by statute.
F.
Com
pleting Note: Y
ou authorize the Credit U
nion to complete this N
ote inany necessary respect if it is executed w
hile incomplete.
G.
Pledge of S
avings: As security for all am
ounts owing under this N
ote andunder any security agreem
ent and/or real estate mortgage securing this
loan, you
pledge all
shares and/or
deposits (including
earnings and
additions) you now or in the future have in this C
redit Union, but only up to
the total of such amounts unpaid from
time to tim
e. If you default, youauthorize the C
redit Union to apply such shares and/or deposits to paym
entof these am
ounts. This pledge does not apply to shares and/or deposits in
an Individual Retirem
ent Account (IR
A) K
eogh Plan. R
egardless of thispledge, if paym
ents on this loan are up-to-date, Borrow
er(s) can withdraw
shares and/or deposits to the extent indicated on this form.
H.
Insurance E
ligibility: A
D
ebtor or
Co-D
ebtor is
eligible for
insurancehereunder provided he or she is not over the M
aximum
Age specified in the
Schedule for the coverage applied for on each Loan D
ate. In addition, fordisability insurance, the D
ebtor must be actively and physically present at
work in an occupation or em
ployment for w
ages or profit on a full-time basis
for at least 30 hours per week for a period of not less than fourteen days
imm
ediately prior to the Effective D
ate of this certificate. The C
o-Debtor is
not eligible for disability insurance.
Whether you’re in need
of a new kitchen,
remod
eling, or wish you had
a swim
ming
pool, MC
FCU
has a home equity loan for
you. No m
atter how big or sm
all yourfinancial need
is, our home equity line-of-
credit loan can m
ake your home im
prove-m
ent projects a reality.
•L
ow rate - Prim
e less 1/4% (4.00%
APR
*)•
No fees
•L
imits u
p to 80%
of the app
raised valu
e(less m
ortgage & liens)
•C
redit lim
its from $5,000 to $100,000
•Interest m
ay be tax ded
uctible
(consult you
r tax advisor)
Your home is a valuable asset. To start
enjoying the benefits of the equity in yourhom
e, call or stop by the credit union today.*A
PR
= A
nnual Percentage R
ate. Rate subject to change.
If you have a new
driver in the fam
ily or if you need
a vehicle for your
college stud
ent, look no further than you
r credit u
nion for a great low-rate
loan. In add
ition, you can also ap
ply for you
r loan before you begin
shopp
ing. With a p
re-app
roved loan from
MC
FCU
, it’s like shopp
ing with
cash. When you
find the vehicle you
want to bu
y, call us w
ith the details,
sign the necessary pap
erwork and
your loan w
ill be ready right aw
ay.
It’s easy to app
ly.•
Visit ou
r web site w
ww
.mcfcu
.netand
app
ly online.
•C
all 734-425-5080 or 800-452-5094.
•Stop
by the credit u
nion office.*A
PR
= A
nnual Percentage R
ate. R
ates subject to change.
National Shared Branching
Access Your A
ccount Nationw
ide1,024 N
ational Shared Branching Locations
17,062 Surcharge-Free ATM
s
This su
mm
er when you
’re traveling, don’t forget that w
hen you’re a m
ember of
MC
FCU
, you can transact you
r financial business at m
any locations across the nationthrou
gh a uniqu
e network of shared
branches. These branches are called
Cred
itU
nion Service Centers. T
hese transactions may be available to you
, dep
ending on
the Cred
it Union Service C
enter policies:
•W
ithdraw
als•
Transfers•
Dep
osits•
Balance inqu
iries•
Loan p
ayments
•M
oney orders
•C
ash advances
•Travelers C
heques
Just look for the “sw
irl” logo at Cred
it Union Service C
enters and ou
tlets all over theU
.S. Ou
tlets are locations where another cred
it union’s office is available to serve
mem
bers of other particip
ating credit u
nions. CO
-OP N
etwork gives cred
it union
mem
bers surcharge-free access to their m
oney at 17,062 AT
Ms across the U
.S. andC
anada. For su
rcharge-free access to your m
oney, just look for the C
O-O
P Netw
orklogo on the back of you
r AT
M card
and at p
articipating A
TM
s. To find a su
rchargeFree A
TM
or Cred
it Union Service C
enter, visit ww
w.servicecenters.org.
Prim
e L
ess 1
/4%
(4.0
0%
APR
*)
& N
o F
ees!
As L
ow
As
Watch
for our n
ew A
TM
.It w
ill be located ou
tside the
credit u
nion, on the right, nextto the night d
eposit box.
Ho
liday C
losin
gsL
abor D
ayM
onday, Sep
tember 1, 2003
Colu
mb
us D
ayM
onday, O
ctober 13, 2003
Fixed A
PR
*
4.99%
4.99%
Hom
eEquity
Loans
Hom
eEquity
Loans
Com
ing Soon...Cash D
ispensing ATM
23
MCFCU
’s VIS
A C
redit C
ard
sSum
mer C
onve
nie
nce
TR
UT
H-IN
-LE
ND
ING
DIS
CL
OS
UR
E
MC
FC
U A
ccount #________________________________________
Nam
e
Spouse’s N
ame
Address
City
State
Zip
Hom
e Phone #
Work P
hone #
Mortgage/R
ent Monthly P
ayment C
hecking Balance S
avings Balance
Social S
ecurity Num
berD
ate of Birth
Em
ployer
Position
Monthly S
alary (Gross)
Years T
here
Previous E
mployer
Years T
here
$1,000.00A
NN
UA
L P
ER
CE
NT
AG
E R
AT
E:
7.99%(T
he cost of your credit as a yearly rate.)A
mo
un
t Fin
anced
:$
1,000.00(A
mount borrow
ed)T
OT
AL
FIN
AN
CE
CH
AR
GE
:*$
43.93(T
he dollar amount the credit w
ill cost you.)T
otal o
f Paym
ents:*
$1,043.93
(The am
ount you will have paid after you
have made all paym
ents as scheduled.)12 M
on
thly P
aymen
ts:*$
87.00
$1,500.00A
NN
UA
L P
ER
CE
NT
AG
E R
AT
E:
7.99%(T
he cost of your credit as a yearly rate.)A
mo
un
t Fin
anced
:$
1,500.00(A
mount borrow
ed)T
OT
AL
FIN
AN
CE
CH
AR
GE
:*$
128.36(T
he dollar amount the credit w
ill cost you.)T
otal o
f Paym
ents:*
$1,628.36
(The am
ount you will have paid after you
have made all paym
ents as scheduled.)24 M
on
thly P
aymen
ts:*$
67.85
$2,500.00A
NN
UA
L P
ER
CE
NT
AG
E R
AT
E:
7.99%(T
he cost of your credit as a yearly rate.)A
mo
un
t Fin
anced
:$
2,500.00(A
mount borrow
ed)T
OT
AL
FIN
AN
CE
CH
AR
GE
:*$
320.52(T
he dollar amount the credit w
ill cost you.)T
otal o
f Paym
ents:*
$2,820.52
(The am
ount you will have paid after you
have made all paym
ents as scheduled.)36 M
on
thly P
aymen
ts:*$
78.35
If your payment is 10 days or m
ore late, you may be charged 20%
of theinterest due. Y
ou are giving a security interest in your credit union accountsin accordance w
ith the “Pledge of S
avings” on the reverse side. For
additional information, refer to the N
ote. Asterisk (*) m
eans estimate.
Finance charge m
ay vary with loan date, and your last paym
ent may be less than
previous payments. A
pproval is subject to our normal credit standards and
criteria, and you must apply by S
eptember 30, 2003 to qualify for the M
CF
CU
Sum
mer Loan.
Am
ou
nt yo
u w
ish to
bo
rrow
:
$1,000.00 $1,500.00
$2,500.00
Purpose of the loan: ___________________________________
Dep
osit th
e fun
ds in
to m
y:
Checking
Savings
Mail a check
Ho
w d
o yo
u w
ish to
repay yo
ur lo
an?
Transfer from
checking T
ransfer from savings
By m
ail or in person
INC
OM
E V
ER
IFIC
AT
ION
: MC
FC
U m
ay require income
verification for all loans.
Cred
it Un
ion
Use O
nly
Loan Approved
Loan Denied
Loan Officer__________________________
Date________
Com
ments________________________________________
D/IR
atio:___________ Note M
ailed________ by_________
11
( )( )
$$
$
$
By signing below
, I (we) apply to M
ichigan Colum
bus Federal
Credit U
nion for a Sum
mer Loan and agree to be bound by
the terms outlined under N
ote on the reverse side. I (We)
authorize M
CF
CU
to
request and
obtain all
credit and
employm
ent information necessary to process this application.
XA
pplica
nt’s S
ignatu
re
Date
XS
pouse
’s Sig
natu
re (if a
pplica
ble
)D
ate
The
Credit
Union
reserves the
right to
request additional
information,
ifnecessary.
First-tim
e borrow
ers are
required to
complete
additionalapplications. C
all the Loan Departm
ent for details.
22
To apply, complete sections 1 and 2 and return this
application to your credit union office. We’ll process
your request right away. A
pply soon because thisoffer ends Septem
ber 30, 2003.
MC
FCU
Summ
erLoan A
pplication
Apply
Today!
MCFCU
’s VIS
A C
redit C
ard
sSum
mer C
onve
nie
nce
Whether you
’re vacationing across the country or ju
st shopp
ing at the mall,
don’t forget you
r Michigan C
olum
bus Fed
eral VISA
Cred
it Card
. Choose
from these tw
o cards:
VIS
A G
old•
9.88% fixed
AP
R*
•C
ash back program
(provid
ed yearly on retail p
urchases)
•N
o annual card
fee•
25-day grace p
eriod•
AT
M access w
orldw
ide
•E
xtended
warranty and
90-day
prod
uct p
rotection program
•Flight &
rental car insurance
VIS
A C
lassic•
11.88% fixed
AP
R*
•C
ash back program
(provid
ed yearly on retail p
urchases)
•N
o annual card
fee•
25-day grace p
eriod•
AT
M access w
orldw
ide
Start your su
mm
er with a M
CFC
U V
ISA C
redit C
ard and
have convenientaccess to cash no m
atter where you
are. Ap
ply tod
ay!*A
PR
= A
nnual Percentage R
ate. Rates subject to change.
And free m
ortgage counseling might be even better, especially if
it helps you discover that you can do what you w
anted to do. Ithas been our experience that often tim
es mem
bers fail to achievetheir goals sim
ply because they did not know they could.
Bruised or battered credit does not mean that you have to put
up with som
e of the outrageous costs or interest rates that some
less than savory companies offer. D
on’t put up with large
prepayment penalties or rates that start off bad and get even
worse after a couple of years. M
ost of our mem
bers reading thisprobably don’t have a clue w
hat we are talking about, but those
that do understand that high interest rates and prepayment
penalties on mortgages crush your spirit and control your life.
That is one of the reasons that Michigan C
olumbus set up a
relationship with M
ember M
ortgage Services (MM
S).
Ou
r loan officer at MM
S, Clay B
urke, w
ill sit dow
n with
you and
qualify you
for free. He can help
you w
ork onyou
r credit and
help you
with financing u
ntil it is fixed.
When your cred
it is repaired, he can help you m
odify your
financing to conforming rates or help you
move u
p to thathom
e you never thou
ght you cou
ld get. You
don’t have to
spend
anything to find out how M
CFC
U w
ill help im
prove
your life through M
ember M
ortgage Services. You’ll never
know how
mu
ch we can help
until you
call Clay B
urke at
MM
S at 800-945-4506. Honest help
from you
r credit u
nion,bu
t we can’t help
unless you
ask for it. Call tod
ay!