What We Offer

Did you know you can pay anyone anytime through our Online Banking It’s Me 247. It’s Free and the person you are paying does not need to be a member of the credit union, you just need their cell phone number or email to send them money.

See our Account Agreement and Disclosure for complete terms and details about Pay Anyone

Allows you to deposit checks using our mobile app from the convenience of anywhere you are.

See Account Agreement and Disclosure for complete terms and details about Remote Deposit Capture

For mobile banking download the Michigan Legacy Credit Union app from the Apple store or Google Play store. Mobile Banking allows you to access your account 24/7/365. Life is complicated banking shouldn’t be. Review balances, see account detail such as items cleared, transfer money, send money to your family or friends with Pay Anyone Anytime, change your payroll distributions and pay your bills through this FREE service.

Access your checking account with our Michigan Legacy Debit Card. For your convenience cards are issued in our branches for immediate access. Cards ordered will take 7-10 business days to arrive in your mail.

See Account Agreement and Disclosure for complete terms and details about Debit Cards

Michigan Legacy has a new Branch it’s in the palm of your hand; wherever, you go. Our new Video Branch allows you to apply for a loan, close on a loan, open a new account, and anything else that is non cash related. It is safe, secure and convenient as it goes with you, that’s right. Call us today and check it out, we’d love to talk to you. Personal service that doesn’t require you to come to one of our branch locations. The video branch link is always available in our mobile app and on our website.

Our Bill Pay is FREE as long as you use the service once every 90 days. Paying your bills through our Bill Pay service in Online Banking or the Mobile App always you to manage all your bills in one secure location. Set up automatic payments for those bills that are the same every month or quarter, or enter your bills as you like to pay, it’s all in your control.

See Account Agreement and Disclosure for complete terms and details about Bill Pay

Open a checking account on-line today! It’s the next step to credit union ownership, Michigan Legacy’s checking accounts are FREE without hidden maintenance fees.

With our checking accounts…

• No minimum balance requirement
• No maintenance fees
• No per check writing cost
• Access to automated bill pay services
• Overdraft protection (link to Line of Credit)
• Courtesy Pay
• Pay Me Now
• Remote Deposit Capture
• …and much more!

Call, text, email, or use our new online video chat to open your account today

See Account Agreement and Disclosure for completed terms and details about Checking Accounts

Saving is the most important habit anyone can start, even if it is just a small amount of your income, putting it away is vital to you financial freedom now and for the rest of your life. Start Saving today! We have many options to help you earn dividends with as little as $5 to start your account. Michigan Legacy makes saving easy. Call, chat, text or contact our video branch for rates and information about all our different savings accounts.

Talking to us is easy! Call, text, email, or use our new online video chat. We’re always happy to hear from you!

See Account Agreement and Disclosure for complete terms and details about Savings Accounts

Banking at your convenience with our Online Banking It’s Me 247. Online Banking allows you to access your account 24/7/365. Life is complicated banking shouldn’t be. Review balances, see account detail such as items cleared, transfer money, change your payroll distributions and pay your bills through this FREE service. Don’t like the look, change it it’s all available in your personal settings.

Security as you want it – using PIB will allow you to set controls for when access is allowed thus limiting some risk for access when you are normally sleeping, or choose local use only so not out of country access. Set up notifications so you know every time a transaction occurs and set your own transfer limits.

Account logins and passwords should never be shared or stored where your account can be compromised.

See Account Agreement and Disclosure for complete terms and details about Online Banking

Who Can Contribute and Contribution Limits

• Anyone under the age of 70 and a half who has earned income
• A non-working spouse who files taxes jointly with a spouse who has earned income
• For anyone age 50 and under, contributions are limited to $5000 a year
• For anyone age 50 and older, contributions are limited to $6000 a year
• Contributions cannot exceed earned income or maximum income for both Roth and Traditional IRA accounts

What you need to know about Traditional IRA accounts:

• • Your earnings on this account is tax-deferred until you withdraw your funds
  • You can contribute for prior year up until the tax return due date of the current year
  • There are no penalties for withdrawing money from your Traditional IRA account for the following reasons:
    • You’ve reached age 59 ½
    • Qualifying higher education expenses
    • First time home purchase with a $10,000 maximum withdraw
    • Disability
    • Qualifying medical expense that exceeds 7.5% of adjusted gross income
    • Payment for health insurance premiums while unemployed for 12 weeks or longer
    • Payment to beneficiaries upon account owner’s death
  • Contributions can be made via automatic payroll deduction or direct deposit
  • There are a variety of maturity options for this account

See Account Agreement and Disclosure for complete terms and details about IRAs

Contributions are made with after-tax dollars and may be withdrawn tax-free and penalty-free under a variety of conditions.

Who Can Contribute and Contribution Limits

• Anyone under the age of 70 ½ who has earned income up to $95,000 (single) or up to $150,000 (joint)
• Single filers with up to $110,000 or joint filers earning up to $160,000 may make reduced contributions to a Roth IRA account
• If you are 50 years of age or older, you can contribute up to $6,000
• Contributions cannot exceed earned income
• Contributions cannot exceed the maximum contributions for both a Roth and Traditional IRA account

What you need to know about Roth IRA accounts:

• • Earnings are tax-deferred if the account is open an active for five years and withdrawn for qualified reason
  • You can contribute for prior year up until the tax return due date of the current year
  • There are no penalties for withdrawing money from your Traditional IRA account for the following reasons:
    • You’ve reached age 59 ½
    • Funds will be used for higher education expenses
    • Disability
    • First time home purchase with a $10,000 maximum withdraw from this account
    • Qualifying medical expense that exceeds 7.5% of adjusted gross income
    • Payment to beneficiaries upon the account owner’s death
    • Payment for health insurance premiums while unemployed for 12 weeks or longer
  • Roth IRA accounts can be rolled over when you change jobs or retire, for more information about how this process, please stop in or give us a call 248.334.0568.
  • Contributions can be made via automatic payroll deduction or direct deposit
  • There are a variety of maturity options for this account

See Account Agreement and Disclosure for complete terms and details about IRAs

A share certificate is a great way to save money that you don’t need to access for a specific period of time. The terms for share certificates are available from six to 60 months. Share certificates provide flexibility, higher earnings and fixed rates based on the terms you choose.

What you need to know about a share certificate:

• Higher rates than savings accounts.
• To open a share certificate you need a minimum deposit of $500.
• Your account automatically renews unless you notify the credit union before your account terms expire.
• We offer a kid’s super saver share certificate which can be opened with as little as $100.
• There is no risk to your principal with a share certificate accounts. You don’t have to worry about market conditions! (Penalties apply for early withdraw)
• Dividends from this account can be paid into your savings, checking or share certificate accounts.

See Account Agreement and Disclosure for complete terms and details about Certificates

We also offer Education IRA accounts with the sole purpose to help you save for your child’s educational expenses, such as: tuition, fees, books, supplies, equipment, technology equipment and room & board.

Contact us today if you’d like more information regarding our Education IRA account.

Call, text, email, or use our new online video chat to open your account

See Account Agreement and Disclosure for complete terms and details about Education IRAs

E-Statements are free, safe and secure. Be sure to sign up today. E-Statements arrive before printed statements. Be sure to download anything you would like to save for your permanent records.

Wire Transfers are transfers into or out of your account with guaranteed funds. To send a wire you must have all the information from the person you are sending the wire to in order to initiate the order. Wire Transfers do have cut off times so be sure to ask those important questions if you are thinking about receiving or sending a wire transfer.

See Account Agreement and Disclosure for complete terms and details about Wire Transfers

Whatever you want to accomplish in life the best place to start is with a financial plan. Plan for Retirement, Save for College, Changing Jobs and need to change your IRA/401K or pension.

Complete this form to request an appointment with a Financial Advisor.