Member-to-Member Newsletter


Holiday Loan

If jingle bells have

become jingle bills

We’re here to give you a happier new year!

Skip up to two loan payments this year, penalty free, on select Motor City

loans. Skip-A-Pay now for relief from holiday bills, then maybe skip another during summer vacation. Complete the quick form and e-mail or fax it to us at 586-226-7337.

$35 processing fee per payment skipped. By signing and participating in Motor City Co-op Credit Union’s Skip-A-Pay program, you agree to and understand the following: Loan must be established, with at least 3 consecutive payments made from the new loan disbursement. Ineligible loans include: Mortgages, Home Equity loans, Credit Cards, Line of Credit, Commercial loans, Credit Builder, and Share Pledge loans. No delinquencies within the past 6 months. All accounts must be in good standing at the time of request. By skipping your loan payments, you authorize Motor City Co-op Credit Union to extend your final loan payment. Interest and any charges for life and/or disability insurance will continue to accrue on the unpaid balance. Motor City Co-op Credit Union reserves the right to deny any Skip-A-Pay request. Maximum of two Skip-A-Pays per rolling calendar year, at least 90 days apart. The credit union reserves the right to determine if prior or subsequent actions may disqualify your loan. If you elected GAP (Guaranteed Auto Protection), the coverage will not extend beyond the original maturity date. If you have automatic scheduled payments, you will be responsible for canceling the automatic transfers. The credit union is not responsible for canceling or restarting automatic transfers. The Skip-A-Pay request forms must be received at least 5 business days prior to your loan payment due date.



Individual Retirement Accounts

An IRA offers double benefits

IRAs help you save for retirement AND could give you tax-saving benefits. Traditional IRAs can offer a tax break today, while Roth IRAs give you tax-free withdrawals at retirement.* You can contribute up to $5,500 this year, or $6,500 if you’re 50 or older. Our IRAs feature competitive yields and federal deposit insurance up to $250,000 separate from your regular savings coverage.

Our website is loaded with resources where you can learn more about IRAs. Just scroll down to IRA eBrochures.

Open or contribute by April 17, 2018 for the 2017 tax year.

*Consult your tax advisor for details.


Helping Hands

President’s message

Please indulge me while I boast about two milestones.

First, through our Helping Hands program, our staff volunteered over 912 hours of their own time serving meals to those in need, helping at charity bake sales and local schools, and so much more. We love being part of the community, and we’ll be out there again in 2018.

The second milestone is your member-owned credit union’s 70th birthday. Since 1948, our members have counted on us for exceptional services and to help them get more value for their hard-earned money.

We’ll be celebrating our platinum anniversary throughout 2018 with special events, promotions and trips down memory lane. Of course, we wouldn’t have come this far without your support and I thank you on behalf of the MCCCU Board of Directors, management and staff. Wishing you a happy, healthy and prosperous New Year.

Steven P. Andrews


1948 was a great year for Michigan
Not only was our credit union founded, the Michigan Wolverines went out west and defeated the USC Trojans 49 to 0 in the Rose Bowl. What a way to start the year!



Certificate of DepositHigher CD yields great for tax refunds

Looking for the best place to invest your tax refund? It’s right here. We’ve raised our Certificate of Deposit yields making them the perfect place to park your money.

  • Terms from 90 days to five years
  • Just $500 to open
  • Federally insured to $250,000

Your dividends are compounded monthly and can be credited to another MCCCU account if you choose.

Call or visit any office to open a Certificate when your refund arrives.

70th Annual Meeting

Our 70th Annual Meeting is on Tuesday, March 20, 2018 at 5 pm in our main office at 37321 Garfield Road in Clinton Township. The Nominating Committee, consisting of Samuel Belzer, Mark Tuttle and Robert Hojnacki, has selected Michael Riddock, Jeffrey Malacko and Frances Mellen to run for three-year terms on the Board of Directors.


EMV Chip Debit CardEMV chip card for debit is here

We’re making the switch to EMV chip debit cards! From now through March, every member with a debit card will be receiving a new card that contains a chip. A new PIN for your card will be mailed separately, so be on the lookout for both! Once you receive your new card, activate it immediately and destroy your old card.

Why did we switch? Because by generating a unique transaction code for each purchase, chip technology gives you enhanced security and protection against counterfeiting and fraud.

We’re on Facebook

Check out our Facebook page community events, news and financial tips. And please give us a “like” next time you’re there.


$150,000 in college scholarships awarded. Who will be next?

Did you know that since 2002, through our Bathanti-D’Agostino scholarship program we’ve awarded more than $150,000 to nearly 90 deserving college-bound high school seniors?

Now we’re seeking new recipients for 2018, who will each be awarded a $2,000 scholarship. Applicants must be Motor City Co-op Credit Union members who demonstrate strong academic and social achievements as well as a commitment to serving the community.

Applications are due by April 2, 2018.

TurboTaxDiscount on Turbo Tax

Avoid frustration this year by doing your taxes with TurboTax. TurboTax guides you through each step, asks the right questions and does all the math.

Click here for more details on this and all member discounts we offer.