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!