We have gathered 6 fixer-upper homes so that you can have your dream home without breaking the bank. These homes are all under $60,000! Perfect for first-time homebuyers that are looking for a deal or for someone looking for an investment property or low-cost living!
Are you dreaming of a beautiful home with a large yard where you can gather all of your friends and family for dinner parties and barbecues but it doesn't seem to be in the budget? It might be time to consider a fixer-upper. A lot of older homes have great bones and can become a dream home once you put some work into it. You can hire a contractor or even do some of the work for yourself, and as a bonus, you get to choose all the details of the home exactly how you want.
Is the idea sounding interesting? We have gathered 6 fixer-upper homes for sale in Isabella County so that you can have your dream home without breaking the bank.
Have you applied for a pre-approval yet? The pre-approval should be your first step when you are looking to buy a home. It's simple, easy, and requires no commitment. Start here or talk to one of our mortgage officers!
This comfortable home offers 2 bedrooms and 1 bathroom. There is also a deck in the back of the house that is perfect for hosting family and friends.
This ranch home offers an open floor plan, main floor laundry, a durable steel roof, and much more. THe home has good bones, a good furnace, appliances as well as a newer hot water heater, and updated laundry. With a little work, it can be a perfect dream home and a great investment.
The renovations in this home have already started! With a little more work you could have an updated 3 bedroom, 1 bathroom, charming home!
This is a perfect home for low-cost living or rental income. A very low maintenance 2 bedroom, 1 bathroom home, with recently installed foam insulation. This home can be lived in as is or can also benefit from some upgrades!
8077 Geradin St., Lake, MI 48632 - $59,900
This 3 bedroom home has stunning country views, an attached garage with a workshop, and potential for additional parking in the attached barn.
This beautiful 3 bedroom, 2 bathroom home comes with 9 acres of partially wooded land. It is just waiting for a buyer that will restore it to its former glory.
With many Americans currently working remotely from home, and more and more companies changing the ways they allow their employees to work, revamping your home office space is not a bad idea. Whether you are working from a comfy couch in your living room, from your kitchen table, or hiding out in your home office, making a few adjustments to these spaces allows you to be more creative, productive, and efficient. Here are some tips for setting up your home office in a way that works for you and a few great home offices in homes for sale in Isabella County, in case you are thinking about relocating.
- Choose A Specific Area
Choose a space that is quiet and somewhat separate from the rest of your home (and your tribe of kiddos, if you have them). Ideally, this space should be separated with a door that can be closed. However, if you don’t have an extra room available, you can corner off a specific area of your house for you to do your work. When you have found a space that works for you, you can set it up to accommodate your needs, such as a big desk or a comfortable chair.
- Good Lighting is Key
When choosing a space for your home office, make sure it has lots of windows or exposure to natural light. Having an office space with natural light has several benefits, such as improving productivity, boosting mental and physical health, increasing alertness, and promoting relaxation. It’s also great for all those video conferences!
- Keep The Personal and Professional Separate
It’s essential to separate yourself from your work after the workday is over. One way to do this is by having a separate work phone, which will prevent you from checking notifications or answering quick emails. Another way to do this is by closing the door on your home office, if you do not have a separate room for your office and are working from your kitchen or living room, consider using a drawer or a cabinet to store your work gear after work.
- Get Organized and Declutter
It’s time to do some spring cleaning! When setting up your home office, take some time to throw out anything that is no longer useful to you. Once you have gone through your junk, take a look around you and clear the area of any mess behind you (this will come in handy for video calls). When everything is tidy, set up your office to have all of your essentials close to you, such as your phone, laptop, day planner, headphones, and more.
- Add Personal Touches
Now it’s time to make your office feel more like you with personal touches! Whether it’s your favorite art piece, flowers, aromatherapy diffusers, snacks, or a scented candle or two, these small things will make you feel inspired and help keep productivity up.
What if I don’t have a home office or space in my house to create one?
Here are some beautiful homes for sale in Isabella County with home offices in case you are thinking about relocating.
This 4 bedroom, 2 bath ranch offers close to 4000 sq ft. It was built in 1995 and has been well maintained. This home offers a great layout for entertaining but plenty of space for privacy. The ample basement has plenty of space for an office or even two, check out more of this home here.
This spacious and well-organized office is already set up for your success! Located within a beautiful four-bedroom, three-bathroom ranch-style home, you can enjoy excellent amenities such as a gas fireplace while working from the comfort and safety of home. Check out the beautiful pond views from the screened-in porch here.
This 1.5 story farmhouse just a stone's throw from mt pleasant which offers spacious brand new quartz kitchen, new flooring, fresh paint, & beautiful countryside views. There is a beautiful built-in office in the main floor, check out more of this home here.
Did you know that as ICCU members, you can still get your items notarized at the main office in drive-thru? Just give us a call so that we can have everything ready when you get there.
During this uncertain time we want you to know that your credit union is here for you! Of course, we have had to take precautions in order to protect our employees and members. Please take a look at the chart below to make sure you know the best ways to access your accounts at ICCU!
I Need to...
- Request a Payment Deferral
- For consumer loans call, 989-772-6508
- For mortgage loans call, 989-772-6510
- Request a Loan or Credit Limit Increase
- Apply Online
- Call 989-772-6508
- If your income was impacted by COVID-19: Ask about our Relief Loan.
- Deposit a Check
- Use your smartphone to deposit your check with ICCU Mobile
- Visit an ICCU ATM or Drive-Thru
- Get Cash
- Visit an ATM or ICCU Drive-Thru
- Please note: To prevent the spread of the virus, limit your use of cash. Instead, use your debit card, Apple Pay, Samsung Pay, Google Pay, Online Bill Pay, or other virtual payment method.
- Visit an ATM or ICCU Drive-Thru
- Request Debit/ATM Card
- Call 989-773-5927
- Activate Online/Mobile Banking
- Call 989-773-5927
- Become a Member
If you have any questions, give us a call at 989-773-5927 or for more information, visit ICCU's COVID-19 Information page.
Listen as Jenny Hoyle talks about COVID-19, your money at the credit union, how to access your account, and relief assistance that ICCU has to help you through this uncertain time.
The COVID-19 pandemic is not only causing fear and uncertainty about our health, but our livelihood as well. Many wonder, "What happens to me and my family if my employer has to lay off people or my hours are cut?"
Now more than ever, it's important to keep track of your expenses to make sure you're not spending more than you make or increasing your credit card debt. If you feel like you live paycheck to paycheck, then now is definitely time to take a hard look at your expenses, see where you can make adjustments, and take firm control.
To get control, you need to know exactly what you're dealing with- how much money is coming in each month, and how much is going out. To get a clear picture, create a budget. There are many apps and online templates you can choose from, we recommend using ICCU's MoneyDesktop, where your information is safe and secure behind your It'sMe247 login and you be giving your information out to another company. With MoneyDesktop, you can view your complete financial picture all in one place, including your 401k and accounts you have with other financial institutions.
A budget will tell you if you're setting aside enough money for the essentials (rend, utilities, food) and how much is being eaten by non-essentials (like concerts, eating out, cable, or gym memberships). If money is tight, cancel non-essential subscriptions services temporarily. You can always restart them when things get better. Since most of us are practicing social distancing to minimize contagion, you may already be saving money by not going out and not even realize it.
If your credit card debt is high, see if any of your existing cards are offering low interest rates on balance transfers. ICCU offers credit cards with fantastic low rates, no annual fees, and ScoreCard Rewards! Transfer the balance from the highest card to a lower interest card and pay more than the minimum payment whenever possible. Also, until you have paid off the debt, only use your card for emergencies.
Another important task is to beef up your emergency savings or start an emergency savings account if you haven't already done so. Ideally, you want to save at least 3 months of your take-home pay. You can start with as little as $5 a week. Simply save $5 consistently each week and when you think you can add a little more, increase your deposit. To make this easier, set up an automatic transfer from your checking account. It's easy to do on our website, go to ICCUonline.com and login to It'sMe247, then click on the transfer button above your account summary (it looks like two arrows) and enter in the details for the transfer. If you need help, contact us, we're happy to help!
ICCU has recently introduced a new loan, the COVID-19 Income Replacement Loan*, for established ICCU members who have lost their income and anticipate trouble paying their rent/mortgage, household expenses, or ICCU loan payments. This loan was designed to cover a members income for 3 months or up to $10,000 with an amazingly low 2.5% Annual Percentage Rate, for a term of up to 36 months. We will also defer your first payment for up to 90 days, and have additional deferral options built in, should it take longer for your employer to get back to business as usual. (*Special underwriting criteria applies, subject to approval.)
We have many other relief options available depending on your personal situation, including payment deferrals on existing ICCU loans, smaller personal loans, waiving early withdrawal fees on Certificate's of Deposit. Please contact us so we can work with you to come up with a customized plan for your circumstances.
Please know that Isabella Community Credit Union is always by your side and we will do everything in our power to help you get through this difficult and uncertain time. #StrongerTogether #StayHomeStaySafe
With our new home search tool you are able to search for homes online, and by using one of the real estate agents we recommend to purchase your dream home, you can qualify for a cash reward as well!
Love the look of ranch-style homes, but aren't sure where to start? Take a look at these ranch homes that are gorgeous and roomy in Isabella County.
Here’s a list of five picturesque ranch-style homes priced under $400,000 in Isabella County.
A Sportsman's Paradise
For Sale: $389,800
Size: 1620 sqft with 77 acres of land
This gorgeous three-bedroom two-bathroom home was built in 2000, and it sits on 77 acres of luscious land with several ponds, woods, wetlands, and an apple orchard. This home has a large kitchen with a grand view of the ponds, a heated pole barn, a two-car garage, and an unfinished basement plumbed for an additional full bath and spacious enough for two additional bedrooms. Let’s take a look inside!
An Open-Concept Ranch Home
For Sale: $300,000
Size: 2834 sqft
This spacious three-bedroom, three-bathroom, ranch-style home was built in 2007, and it has two large ponds on the property! Within this home, you can enjoy an open concept kitchen and living area and a large basement that can serve as an entertainment area for you and your family. Let’s see what’s inside!
Ranch in Irish Hills
For Sale: $254, 900
Size: 3060 sqft
An adorable open concept ranch home with three bedrooms and three bathrooms, this property is the perfect place for you and your family to settle. This lovely home has several quality features, such as oak flooring, crown moldings, a double pantry in the kitchen, and a home theatre. Check out the interior of this home here!
Not Your Typical Ranch
For Sale: $290,000
Size: 2804 sqft
A well maintained, four-bedroom, two-bathroom, ranch-style home, which is equipped with updated features for you and your family to enjoy! The kitchen is suitable for a chef, with stainless steel appliances, a sub-zero refrigerator, and beautiful granite countertops. This home has something to offer for nature lovers too - two acres of land and a beautiful pond! Check out the interior of this beautiful home here.
A Sweet Home on Helen Lane
For Sale: $219,900
Size: 1680 sqft
Situated on a long private road within a quiet neighborhood, this three-bedroom, two-bathroom home is the perfect place for you and your family. The property features a large back deck with a hot tub, a pole barn, an attached garage, a beautiful pond, and perennial gardens. Let’s take a look inside.
How Much Home Can I Afford?
Buying a home can be an exciting time. It’s also a significant decision that should be carefully thought through. Before you begin looking for a home, there are 3 things to consider before you sign anything:
- Actual cost vs. Monthly payment: As you move throughout the mortgage application process, you will receive a quote for a monthly payment. Take for example a mortgage of $200,000 at an interest rate of 4% APR over 30 years. The minimum monthly mortgage payment would be $955.00. This is just the amount going toward principal and interest. But there are other expenses you’ll have to pay each month as well:
- Taxes and Insurance — These expenses won’t be included in your quoted monthly payment. However, since lenders want to make sure you pay your taxes and insurance, many will require you to open an escrow account to collect the money for these expenses. They’ll then pay these bills with this money on your behalf. A percentage of these yearly costs are then added to your monthly payment. That cost varies depending on property taxes and home values in your area. It is important to note that this payment can fluctuate, typically every 12 months. In most instances, plan on a slightly higher payment each year you own your home.
- Repairs, maintenance, upgrades, etc. — Used homes and newly built homes will have repairs. Once you join the world of home ownership, you own (literally) the cost of all repair work. Plan on setting aside a certain amount per month for these costs, on top of your monthly mortgage payment, so you don’t have to incur additional debt.
- Explore different lending programs: Are you aware of FHA, Veteran’s, or USDA loan options? What about first-time home buyer programs? Down payment assistant programs? Minimum or “no” down payment options? There are multiple programs that are worthy of exploration. However, be careful of who you give your information to – you’ll want to deal with a reputable lender, like your local credit union. They can review multiple options, assess your situation, and tell you about programs for which you may qualify. Take the time to learn about and explore these options. Ask questions and seek clarity.
- Net income vs. Gross Income: To start the mortgage lending process, your lender will calculate a debt-to-income ratio. Most lenders base their lending decisions on your gross income and not your net. (The “gross” is pre-tax and the “net” is what is deposited into your account.) The debt-to-income figure is calculated by adding up all the tradelines (credit accounts) on your credit report and dividing that figure by your gross income.
For example, if your expenses add up to $1,500 and your total income is $5,000 per month, then your debt-to-income ratio would be 30%. Keep in mind, the total debt typically does not include groceries, cell phone payments, gym memberships, etc. To stay on solid financial ground, most financial experts recommend that you add all your housing expenses, then divide that by your net income. Try to keep your debt-to-income ratio under 35%.
Valentine's Day is a wonderful time to let your loved ones know that you care. However, it can easily take funds out of your budget. Below are some tips that can help you show your love without emptying your wallet
- Go Outside! Build a campfire and roast marshmallows under the stars. Or if the weather doesn't allow for you to be out, you can use your oven to make the perfect marshmallows for s'mores.
- Check out local park and recreation departments and state tourism calendars for free local events
- Go on a scavenger hunt in your own city! Make a list of special things to find and take a photo together at each place. Turn the photos into a collage and give that as a gift.
- Make a batch of homemade cookies
- Make a special dinner at home
- Volunteer your time together. Walk stray dogs together at your local animal shelter, roll up your sleeves and help the homeless at a local soup kitchen or by helping to build first homes, visit an elder care facility and spend time with older members of your community.
- Make an appreciation jar. Fill a mason jar with notes about reasons or memories that describe what it is you appreciate about someone special.
Learning how to use money wisely is an essential skill that isn’t always taught to us as children. Some of us pick up bad money habits on our journey to adulthood. Often, we’re just not being mindful of where our money goes.
See if you have any of the following bad money habits. Then read on to learn how to break them and replace them with good habits.
1. Use credit cards to pay for a lifestyle beyond your means – It’s easy to spend wildly with a card; you don’t see the money slip away until you get the monthly bill. If you can’t pay off your credit card balance each month, then at least pay more than the minimum payment. Remember that even if you don’t use the card, the interest charges will compound, increasing your total debt. To break a credit card habit, try using cash or your debit card instead for a few weeks and look at your checking account balance every day. You’ll quickly learn to stop and think twice before making a purchase.
2. Living paycheck to paycheck – If you’re spending as much as you earn, you’ll always be short of funds by the end of the month for your rent and bills, and you’ll never be able to save. So, first, get a clear picture of your essential expenses: your rent, utilities, gas, insurance, groceries. Add them up, then deduct that total from your monthly take-home pay. Ideally, essential expenses should take up only 50% of your income. If it’s more, then you’ll need to either find ways to reduce those expenses or get another job. Of the remaining 50% of your monthly income, use at least 20% to pay down debt and add to savings and use the last 30% for everything else you want.
3. Not saving for an emergency fund or retirement – Life is unpredictable; you can’t always tell when your job may be downsized or your car needs a major repair. That’s why it’s important to build an emergency saving account that has enough to cover at least 3 months of expenses. Relying on a credit card will only send you further into debt. It’s also important to begin saving for retirement. The younger you are when you start, the more you’ll earn through the magic of compounding interest.
4. Keeping subscriptions you don’t use – If you have an automatic recurring expense, like a gym membership or a streaming service, but you aren’t using them consistently, then why are you paying for them? Review all subscriptions and if you haven’t used them on a regular basis for 3 months, cancel them. Put the money you save into your savings.
5. Not tracking spending. Just try it one month to get a clear idea of where you are spending your money. Keep a receipt for every purchase, categorize them in a budgeting app or spreadsheet, and add them up. You may discover that buying lunch everyday instead of making your own is costing you about $200 every month, money that could be used to pay down a student loan or credit card bill.
Like any bad habit, it will take some work to change bad money habits to good ones. Just know that the peace of mind a healthy financial status brings is priceless.
If you love your credit union, shouldn't the people you love get to love us too? When you share the love of ICCU to your friends and family before March 31st, we'll give you $25 and they'll receive $50 when they open an eChecking account with direct deposit! Here's how it works:
- Fill out the Share the Love Coupon with your name and birthday (so we can make sure it's your account)
- Give the coupon to your friends/family
- Have them come into ICCU and open an eChecking account with direct deposit
- Once their first direct deposit comes into their new account, the money will be deposited.
Isabella Community Credit Union is able and eager to make loans to small businesses, but regulators require us to verify and document business owners’ ability to repay loans, business soundness, and credit quality. So, before you approach a lender, make sure your documentation shows the strength of your business and your expertise.
- Start with an updated business plan and financial statements. These documents show lenders that you understand your industry, the market, the competition—and your niche—your products/services, growth strategies, revenue and expense projections, and cash-flow analysis. Your plan also should demonstrate your expertise in running your business, from marketing to accounting. If you don’t have certain skills, show that you’ve hired resources or outsourced those functions.
- Outline how you’ll use the loan. Lenders want to know that the funds will help you reach a specific growth objective, that you haven’t just run low on cash due to poor money management. Tie the loan amount to a specific piece of equipment or project. Show research you’ve done about the asset or project and how resulting growth will help pay for it.
- Highlight your ability and willingness to repay the loan. Show that your cash flow will let you make loan payments and cover operating expenses each month. Include credit reports to demonstrate that you have a strong credit history and have paid past bills and loans consistently. Calculate your debt-to-equity ratio to show that you aren’t a high-risk business carrying excessive debt. List business assets that could act as security for the loan, along with personal resources. Lenders like to see that you’re confident enough about the business to invest your own assets.
If you’re able to illustrate that you know your business, that the loan will further growth, and that you’ll be able to repay, you’re likely to qualify for a small-business loan. Contact ICCU today for all your business needs at 989.773.5927.
Tax time doesn’t have to be stressful! With TurboTax, you’ll get your biggest possible refund fast and your taxes done right. PLUS, credit union members save up to $15 on TurboTax federal products, all through tax season.
TurboTax makes it easy to find the best solution for your unique tax situation. For example, are you a simple filer? Free Edition might be for you. Homeowner? TurboTax Deluxe searches 350+ deductions to make sure you get every tax break you qualify for. Independent contractor, freelancer or side-gigger? TurboTax Self-Employed uncovers deductions personalized to you and your line of work, and includes a complimentary subscription to QuickBooks Self-Employed for effortless expense and mileage tracking, year round (To receive your complimentary subscription to QuickBooks Self-Employed, sign-in and access your account at least twice by 7/15/20, see details*).
File with confidence, knowing that TurboTax guarantees 100% accurate calculations, running thousands of error checks as you go. And if you do need help along the way, TurboTax has it: From answers online anytime, to unlimited advice and a final review from a CPA or Enrolled Agent with TurboTax Live.
Save on TurboTax today! Try it for free and pay only when you’re ready to file.
* Visit http://turbotax.intuit.com/lp/yoy/guarantees.jsp for TurboTax product guarantees and other important information. Limited time offer for TurboTax 2019. Discount applies to TurboTax federal products only. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries.
Did you know that as members of ICCU, you can deposit checks with your smartphone!? It's a simple and easy way to make deposits from where ever you are without having to make the trip to the credit union. Just follow these steps:
- Download ICCU Mobile in your phones app store.
- Click on "Move Money" on the bottom tabs and then "Deposit Check". Sign in using your It'sMe247 Online Banking username and password.
- Follow the instructions to set up mobile check deposit.
- Once approved, you can deposit your checks!
Checks deposited using your phone are typically approved within a few seconds of submitting the check. Be sure to keep your check at least until you can verify that the deposit has been made into your account. If your check is not approved you will receive a message communicating the situation within one business day.
Tips to make sure your check is approved:
- Double check that the writing on the check is legible.
- Take the picture with the corners of the check in the designated area, on a dark surface, away from other objects.
- Write "Mobile Check Deposit" on the back of the check, or simply check the check box for Mobile Check Deposit, if the check has one.
We hope you enjoy depositing checks with your phone. Please let us know if you have any problem or concerns!
Many Americans are looking for ways to reduce their carbon footprint and live sustainably. Is it possible to help the protect the environment, reduce your carbon footprint, AND save money? Yes, it is! One way is to consider installing solar energy system on your property. By adding this renewable energy system, you’ll not only decrease your impact on the environment, but you’ll also decrease your energy costs and increase your home’s value.
Although a solar energy system will pay for itself over the long run, the cost of installing it can be quite expensive. ICCU would love to help you finance your new solar panels.
According to the U.S. Solar Energy Technologies Office, the monthly payment for these loans is often smaller than a typical energy bill.
Buying a solar energy system also has tax benefits. Installing a system makes you eligible for the Solar Investment Tax Credit, allowing you to deduct a certain percentage of the installation cost from your federal taxes. Currently, the credit is 26% and will decrease to 22% by 2022.
If you are considering “going green” by installing solar panels, but need help paying for the upfront cost, then talk to one of our loan officers to get started!
On October 17, 2019, Isabella Community Credit Union (ICCU) will join with 56,000 credit unions around the world in celebration of International Credit Union (ICU) Day®. Stop by any ICCU office and enjoy donuts and cider to celebrate with us!
There are 200+ million credit union members around the world—more than 100 million in the U.S. alone—and ICCU joins them in celebration of the not-for-profit cooperative spirit that all credit unions share.
This cooperative spirit has led to life-changing opportunities for people all over the world who’ve wanted to start a small business, own a home or continue their education but were denied access to other financial institutions. In many parts of the world, people’s first taste of democracy is through their credit union, where “one member, one vote” is the governing structure.
At its most basic level, a credit union is people pooling their money to provide each other with affordable loans—it is literally people helping people. This is why Isabella Community Credit Union celebrates ICU Day. Because credit unions empower people, wherever they are in the world or life, to take control of their financial future.
The public is welcome to stop by any office and celebrate with Isabella Community Credit Union a movement that concerns itself with the financial success of all people.
Copyright 2019 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.
ICCU will be awarding four $500 grants to applicants from any Isabella County Schools. We will be accepting applications until September 30, 2019 and will be awarding the grants on October2, 2019.
ICCU is so excited about this new opportunity to give a little back to our area schools! Teachers and education are very near and dear to our hearts, as ICCU started out 61 years ago in Mt. Pleasant High School as School Employees of Isabella County Credit Union. Since then we have grown into our three branches in Mt. Pleasant, with an additional Student Run Credit Union in the Gratiot-Isabella Technical Education Center.
We are passionate about learning and financial education! If you are ever interested in having someone from ICCU visit your classroom to help educate your students about financial related topics ranging from counting change to learning about a credit score, we would love to help!
Tax Reform 101: 5 Reasons You Should Start Planning
Even if you didn’t owe money this past tax season it’s more important than ever to plan for next tax season now. The idea of tax planning isn’t anything new, but with so many changes under the new tax reform law, Isabella Community Credit Union wanted to break down the five reasons to start planning and the moves you can make now to help you save money on your taxes when you file next year.
Don’t worry, TurboTax Has You Covered
TurboTax is always up to date with the latest forms and 100% accurate calculations. With TurboTax, you can file your taxes with complete confidence – and get your biggest possible refund, guaranteed. AND, as a credit union member you can save up to $15 on TurboTax federal products. Click here to access TurboTax and your savings!
Five Reasons to Start Planning
Lower tax rates, more money. One of the biggest changes under the new tax law that may impact how much you need to have withheld from your paycheck is the reduced tax rates. Tax rates were reduced about 1 – 3% for the majority of taxpayers so you may be seeing more money in your paycheck. Although the IRS adjusted the withholding tables that employers use to produce the correct amount of tax withholding for people with simpler tax situations, for instance, those who only take the standard deduction, the withholding tables don’t reflect some of the other changes that impact more involved tax returns like the reduction of some itemized deductions.
Elimination of personal and dependent exemptions. Under the new tax law the personal and dependent exemptions of $4,050 were eliminated. If you are married and have a few kids, the elimination of your personal and dependent exemptions can mean a big reduction in the number of write-offs you once had.
Increase in the Child Tax Credit. Although you’re no longer able to take the dependent deduction, the new tax reform law increased the Child Tax Credit from $1,000 to $2,000 per child. The law also adds a new, non-refundable credit of $500 for dependents other than children. Finally, it raises the income threshold at which these benefits phase out from $110,000 for a married couple to $400,000, which means more people will be eligible for the credit. Because the Child Tax Credit is for kids under 17, if your not so little one celebrated their seventeenth birthday this year, you may see a change in your taxes, since you can no longer take the Child Tax Credit for your 17-year-old.
Changes if you’re a homeowner. If you are a homeowner or are considering buying your dream home, some of the changes in the new tax law are very important for you. As an existing homeowner, you may see fewer tax deductions that lower your tax liability especially if you live in a state with high property taxes since the new law limits the amount of state and local property, income, and sales taxes that can be deducted to $10,000. In the past, these taxes have generally been fully tax deductible. Due to the cap on these tax deductions, you may now also have to take the standard deduction on your taxes instead of taking itemized deductions since the standard deduction has almost doubled. Don’t worry about knowing if you should take the standard deduction or itemized deduction at tax time. TurboTax will ask you simple questions about you and give you the option (standard deduction or itemized) that’s best for you.
If you are considering purchasing a new home this year, one thing to keep in mind is the law also caps the amount of mortgage indebtedness on new home purchases on which interest can be deducted at $750,000 down from $1,000,000 in the former law if you already own a home. If you are trying to make a decision between purchasing in a high property state like California or a state with lower property prices, knowing about these changes could help you with your decision.
Elimination of tax deductions. The new tax reform law eliminated several popular tax breaks starting in tax year 2018 (the one you file in 2019) like miscellaneous itemized deductions. This includes deductions such as job search expenses, unreimbursed work expenses, investment expenses and tax preparation fees, exceeding 2% of adjusted gross income as well as moving expenses.
What You Can Do to Start Planning Now?
Adjust your withholding allowances. One of the best things you can do is to use the TurboTax updated W-4 calculator to boost your tax refund — or your take-home pay.
Reduce your taxable income. You can decrease your taxable income by making smart money moves throughout the year like investing in your 401K or IRA. Also, don’t forget expenses like paying student loan interest can be tax deductible and will decrease your taxable income at tax time.
Don’t worry about knowing the new tax laws. TurboTax has you covered and will be up to date with the latest tax forms and 100% calculations. When you are ready to file, click here to access TurboTax and your savings!
The 5 Tax Reform Changes Isabella Community Credit Union Members Should Know
It’s a safe bet that parts of the most recent tax reforms left you a little — or very — perplexed. If that’s the case, you’re not alone. According to one survey, the new tax law confuses 77% of respondents. The confusion is understandable — there are a lot of moving parts when it comes to any tax changes.
Don’t worry, TurboTax Has You Covered
TurboTax is always up to date with the latest forms and 100% accurate calculations. With TurboTax, you can file your taxes with complete confidence – and get your biggest possible refund, guaranteed. AND, as a credit union member you can save up to $15 on TurboTax federal products. Click here to access TurboTax and your savings!
To help clear up the confusion, Isabella Community Credit Union has provided the top 5 tax reform changes you should know:
1. Lower Tax Rates and Changed Income Ranges
The seven tax brackets found in the former law remain, but a number of tax rates are lower. The income thresholds at which the rates apply also change.
- The former brackets were: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%
- The new brackets are: 10%, 12%, 22%, 24%, 32%, 35%, and 37%
The income thresholds at which these brackets kick in change for single and married joint filers, as well.
Stop by any ICCU office on November 20th and 21st for ICCU's 13th Annual Community Pie Sale!
Pick up a pie, cookies, breads, and/or muffins for your Thanksgiving dinner (or as a snack for your way home!). All baked goods are made by ICCU employees or donated by local businesses.
This year, 100% of your donation will support the William Strickler Nonprofit Center building purchase through the Mt. Pleasant Area Community Foundation! The Center will provide space for The Care Store, Clothing Inc., Community Compassion Network, and Isabella County Restoration House to better serve our community all under one roof!
To find out more ways to help this very worthy project, visit mpacf.org/nonprofit-center!
Today at the credit union, we had wonderful students from Mary McGuire Elementary visit with us and learn all about what we do!
Stop by an ICCU office on November 21st and 22nd to pick up a pie, cookies, breads, and/or muffins for your Thanksgiving dinner (or as a snack for your way home!).
All baked goods are made by ICCU employees or donated by local businesses.
This year, 100% of the proceeds will be donated to Foster Closet in Mt. Pleasant.
Thank you to everyone donating pies and baked goods this year!
With the biggest shopping time of the year right around the corner, don't forget to download CardNav and register your ICCU debit card! With CardNav, you can set up notifications for purchases made on your card, limit transactions by location or by a specific dollar amount. You can even turn off your card with the tap of a button should it become lost or stolen.
Stay protected, use CardNav with your ICCU debit card!
We are excited to announce a new feature in It’sMe247 Online Banking! You are no longer limited to "Right Away" transfers. Schedule recurring transfers (weekly, bi-weekly, semi-monthly, monthly, quarterly) with start and end dates in It’sMe247 Mobile and Online Banking. Login now to see all of the new transfer options available to you!
Are you going south for the winter?
Are you planning a trip?
Don't forget to let us know so you don't have a problem accessing your accounts while you're away!
Print a Traveling Out of Area form and send it to ICCU:
Isabella Community Credit Union
P.O. Box 427
Mt. Pleasant, MI 48804-0427
- Do not give out personal information.
- Be sure you keep a close eye on all of your accounts and report any suspicious activity right away.
- Monitor your credit report (one free report from each of the three credit agencies, per year) at AnnualCreditReport.com.
- Consider placing a freeze on your credit report by contacting the three credit reporting agencies (Equifax, TransUnion, or Experian) to prevent new credit from being taken out in your name.
- Please click here to learn more.
Receive alerts when purchases are made on your ICCU credit card!
All you need to do is create an account at www.purchasealerts.visa.com, confirm your email address, and add your card information.
Once you’re enrolled, you can set up email or text alerts:
- when a transaction meets or exceeds a certain amount
- if your card is used outside of the United States
- if a purchase is made online or by phone
If you ever become aware of any suspicious activity on any of your ICCU accounts, please let us know as soon as possible.
Let us know if you have any questions or have any trouble!
Bring your little ghosts, goblins, and princesses to downtown Mt. Pleasant for Pumpkin Promenade from 4pm - 6pm on October 31st. Local businesses will be handing out lots of candy for trick-or-treating! Be sure to stop by ICCU's Downtown Branch and say hi!
- Get a true picture of how you spend your money. To help find where your money goes, save all your receipts or track all purchases with your cell phone for at least two weeks. Then, group your expenses into categories, such as entertainment, transportation, food, clothing, and gifts. Figure out how much you're spending each week, month, and year. Click here to learn about MoneyDesktop! It can help your create and stick to a budget. Login to It'sMe247 and click on the "Personal Finance" tab
- Make a list of your income. Write down what you earn from jobs, gifts, and any other sources. Calculate what you make each week, month, and year.
- Evaluate your situation. Do your income and expenses even out? Are you spending more than you're making? Do you have money to spare?
- Create a spending and saving plan. Figure out how much you need to save each month to reach your goals. Then decide how you'll come up with this money.
America's Credit Unions & Credit Union National Association. (1994-2015). Guide To Money. Get ahead of the game. USA: Credit Union National Association Inc.
It’s almost that time of year!
Your Christmas Club account balance will be automatically transferred into your checking or savings account on November 1st.
Remember: Any further additions to your Christmas Club account after the transfer date will be saved for next year.
In 1924, Roy Bergengren, one of the architects of the credit union movement reflected on what a credit union can do for people.
"The credit union is, in fact, a bridge," Bergengren wrote in the inaugural issue of "The Bridge," the official newsletter of the American credit union movement, which was then in its infancy. "It may be the bridge over which the tenant farmer travels the wide gap that separates him from ownership. It may be the way that opens the great land of opportunity to the wage worker, who finds his savings the 'open sesame' to broader possibilities for himself and his family."
Twenty-four years later, in 1948, credit unions in America, and later around the world, began celebrating the philosophy and achievements of credit unions every year on the third Thursday in October. The theme for International Credit Union Day 2017 is "Dreams Thrive Here," harkens back to Bergengren's sentiment, and it's meant to serve as a reminder of how effective credit unions, like Isabella Community Credit Union, are at helping all people chase and achieve their biggest dreams in life.
This is because, unlike other financial institutions, credit unions are not-for-profit, so their primary purpose isn't to score record profits in order to cut distant shareholders bigger dividends checks. Rather, the primary purpose of credit unions is-- and always has been-- to be of service to their members. That means you.
This people-first philosophy doesn't just mean better service, it translates into a better financial deal for consumers. Credit unions, on average, offer higher rates of return on savings accounts, lower rates on loans, and fewer and lower fees than other financial institutions.
Through the first half of 2016, according to data collected by the Credit Union National Association, credit union members saved $9.3 billion over what they would have paid at bank: $1.9 billion though higher yields on savings, $1.2 billion on lower fees, and $6.2 billion on lower loan rates.
Please just us at any ICCU office on October 19th for the International Credit Union Day celebration!
Maybe we'll even sing* this song written for International Credit Union Day in 1955 and published in The Bridge.
Hail all hail to Credit Unions
They’re life save through and through
For the cash you lay away
To combat the rainy day
For the loans you need
To make your dreams come true
* Don't worry--we won't. We actually want you to come!
On October 19th, ICCU will, along with more than 56,000 credit unions around the world, celebrate International Credit Union Day, and the philosophy and achievements of the credit union movement.
ICCU celebrates International Credit Union Day because we believe the not-fo-profit structure and people-first principles of credit unions make us the ideal financial partner for all people. This year's International Credit Union Day theme is "Dreams Thrive Here," a celebration of how credit unions help people achieve their biggest goals in life.
The public is welcome to stop by any ICCU office for donuts and cider on October 19th to celebrate this worldwide movement that's made helping people its Number 1 priority for more than 160 years.
With International Credit Union Day right around the corner, we'd like to clear up the four biggest myths about credit unions.
- They aren't big enough. There are big and small credit unions, but just like bank's, your deposits at a credit union are insured by the federal government up to $250,000.
- It will be hard to access my money. Credit unions have access to a network of 30,000 free ATMs and 5,000 shared branching locations, making it easy for you to access your money anywhere.
- I can't join. Anybody can join a credit union. You may be eligible based on your employer, where you live, or your family, as most credit unions allow members' families to join.
- They don't offer as many perks as banks. Credit unions offer the same financial products as banks - checking account, debit and credit cards, online banking , IRAs (individual retirement accoutns), and home and auto loans - but because they're not-for-profit, the often offer better rates than banks.
If you are interested in joining ICCU, stop by any ICCU office!
Visit any Isabella Community Credit Union branch on Thursday, October 19th, for our annual International Credit Union Day celebration!
On the third Thursday of October, we join 222 million people worldwide in celebrating 160 years of credit unions putting the dreams of people before profit.
Stop by the Comfort Inn on Thursday from 4pm - 7pm for the Business & Community Expo! Be sure to visit ICCU's table to win PRIZES!
Hope to see you there!
Don’t pay more than you need to for your new vehicle! The SmartLoan is the perfect option for you if you want a lower payment and love driving newer vehicles.
Why is the SmartLoan a Smart Choice?
• Payments are up to 40% less than conventional auto loans
• You control your loan with term, mileage, and end-of-term options
• You retain ownership of the vehicle
• Drive a newer car, more often
Click here to learn more about the SmartLoan or talk to us!
Coming Soon: Same day processing of Automated Clearing House (ACH) debits
Currently debit transactions are posted to accounts once per day while credit transactions are posted multiple times per day. As of September 15, 2017, debit transactions will also be posted multiple times per day.
How does this affect me?
Transactions such as checks converted to ACH and bill payments will post to your account multiple times throughout the business day.
What are the benefits of same day ACH debits?
The conversion to same day ACH debits will enable you to make easier on-time bill payments as well as faster crediting when you are moving money among accounts that you own at different financial institutions.
How does this affect me?
In the past, you may have checked your account in online banking or mobile banking in the morning and known that no more ACH debits would post that day. Going forward, items may post to your account throughout the day. Also, ACH payments authorized over the phone or online, plus checks that payees convert to ACH payments, could post to your account the same day they're authorized.
Will my direct deposit be affected?
No. Your direct deposit will continue to be credited to your account on the correct posting date set by the originator of the payment.
Debit items could post to your account the same day they're authorized. To avoid overdrafts, funds should be in your account before you authorize any payment.
ICCU is collecting items for moms in need at all offices! Donated items will be picked up on May 14th and delivered to Women's Aid Service on Mother's Day.
Needed Items (New or Unused items only, please)
Personal Hygiene products:
- Hair Brushes/Combs
- Firngernails/Toenail Clippers
- Hair Ties
- Bobby Pins
- Feminine Hygiene Products
- Depends (S, M, L)
- Pregnancy Tests
- Baby Clothes
- New Underwear
- New Yoga/Sweatpants
- New Sports Bras
- New Sewatshirts/Loose fitting t-shirts
- New Women's Socks
Infant Hygiene products
- Diapers (Size 4 & 5)
- Baby Wipes
- Antibiotic Cream
- New Bottles
- Dishwasher Detergent
- Dish Soap Cartridges
- Vinegar (White & Apple)
- Mr. Clean Erasers
- Mr. Clean Roller Mop Refills
- Trash Bags (13 gallon)
- Disinfectant Spray
- Paper Towels
- Shower Curtains
Your Summer Adventure Starts Here!
Make sure you have everything you need for your next adventure! Whether you are looking for a boat, car, camper, or ATV, ICCU wants to help get you out and exploring the world this summer. From now until June 30th, ICCU is offering up to 90 days payment-free on almost all of our vehicle loans!* Both new purchases and refinances from other lenders are eligible for this promotion.
Take advantage of no payments for 90 days on:
Talk to a financial service representative to learn more, or apply online!
*Subject to credit approval and lending criteria. ICCU SmartLoans or internal refinances are excluded. Minimum loan value of $5,000. Offer expires 6/30/17.
The ICCU FOCUS Spring Newsletter is availble now! Check it out here.
Included is information regarding:
- 90 days Without Payments on Almost all Vehicle Loans!
- Now Offering 10 and 12 Year Fixed-Rate Terms on Boat & Camper Loans
- ICCU Mobile 2.0 Coming Soon
- HTML emails from ICCU
Visit Isabella Community Credit Union on Thursday, October 20th for our International Credit Union Day celebration! At this time of year, we join millions of members all across the world to celebrate the unique, cooperative spirit of credit unions.
At ICCU, we will be handing out doughnuts and cider in the lobby of each of the 3 credit union locations. Be sure to stop by!
Don't Become a Victim of a Scam!
There are many different scams circling through email, social media, phone calls, and even "snail" mail that can seem legitimate at first glance. Some instances that ICCU has heard of recently included job offers, romantic relationships, or even helping of a friend who is traveling. Please be on the look out and verify information that you receive using external resources (like your credit union) before sending money or information to anyone that you don't know.
You can help to protect yourself!
Follow these helpful tips:
- Do not believe the person you are dealing with is who they say or that their story is truthful until it can be verified thoroughly.
- Professional scammers are often use fake names and information to trick you. Be sure to use even more caution if you have never met the person. The personal information you put on social media can be used by a fraudster to create elaborate stories and situations that seem truthful at first. Do not trust them until you can verify what they say is true.
- Never share your account numbers, PIN numbers, online banking credentials, or personal information with anyone.
- If you believe you are being scammed, contact ICCU as soon as possible!
- The earlier we are notified about fraud on your account, the faster we can take action to prevent losses to your account.
- Report any suspicious activity to local law enforcement.
For more resources, visit ICCU's Online Safety & Fraud Center.
ICCU's SmartLoan... the Smart Choice in New and Pre-owned Vehicle Financing!
How would you like a low payment vehicle loan program that combines the best features of conventional financing along with the benefits of leasing?! Sound too good to be true? ... Well, ICCU has the vehicle financing answer for you... the SmartLoan!
The SmartLoan gives you the best of both worlds. Like a lease, the SmartLoan offers payments considerably lower than conventional financing on your new or pre-owned vehicle. Yet, unlike leasing, with the SmartLoan you own the vehicle and receive all of the flexibility and benefits of vehicle ownership!
Find out how low your SmartLoan payment could be! Use the SmartLoan Payment Calculator to build your car and compare a conventionally financed vehicle payment with the low SmartLoan payment. For more information, contact a Financial Service Representative.
Note: SmartLoan financing is available on used vehicles up to 5 model years old.
Find out more information on the SmartLoan and other ICCU happenings in the Fall 2016 Newsletter.
Here's some highlights:
- ICCU's 11th Annual Community Pie Sale - Tuesday and Wednesday before Thanksgiving
- New & Improved Bill Pay in It'sMe247 - Including the addition of PopMoney (look for it at the end of October)
- Receive up to 7,500 BONUS ScoreCard Points - When you open a new ICCU credit card
- Chirstmas Club Account Transfers - November 1st
ICCU's 3rd Annual Play it Safe! Kids Health & Safety Day is coming up on Friday, August 5th! Meet us in Island Park from noon to 4pm for fire truck tours, fingerprint ID Kits, vision testing (perfect for young kids entering school), tours through emergency vehicles, arts and crafts, bike helmet fittings, reindeer and Alpaca, photobooth, along with food, games, and prizes with Captain Penn E. Pincher!
We hope you will join us in the park for this great, free, community event!
A special thanks to our generous sponsors:
- American Red Cross
- Central Michigan District Health Department
- Child and Family Enrichment
- Konwinski Construction
- my 104.3 & AM830
- Ric's Food Center
- Meemic Michael Metro Agency
- Mitchell's Gourmet Deli and Market
- Mid-Michigan Agency, Inc.
- Rent Rite
- Rooftop Landing Reindeer Farm,
- United way
- City of Mt. Pleasant
- Central Michigan University Police Department
- Saginaw Chippewa Indian Tribal Police Department
- Michigan State Police Department
- Isabella County Sherriff
Thank you April borrowers!
You helped ICCU donate 57 bags of groceries this year, equalling a donation of $1,140 to the Community Compassion Network! This allows them to purchase 11,400 pounds of food for individuals and families who need it in our community.
Since inception, 4 years ago, we have donated a total of 261 bags of groceries equalling out to 52,200 pounds of food. Thank you for helping us to make a difference in your community!
We have the products and services to keep your business growing! With low-fees and low loan rates, ICCU is the best financial institution for your business.
Here are a few of the exceptional business services available at ICCU:
• No minimum balance requirement
• No per check charge or fee
• No monthly service fee
VISA Credit Cards
• Everyday business transactions
• Credit limits up to $20,000
• $50 annual fee
Other Business Lending
• Commercial Real Estate Mortgage
• Secured Closed-End Loans
• Secured Line of Credit
Square Merchant Services
• Point-of-sale tools
• Appointment scheduling
• Instant deposits & online invoicing
Get a free Square Card Reader!
For more information, please contact ICCU at 989.773.5927 x 230.
The latest ICCU Annual Report is now available online!
Check it out to learn all about the financial status and upcoming happenings of your credit union.
Of course, there are no magic wands or legal loopholes that are going to take seven years off your 30-year mortgage. Shaving off a significant portion of your loan has to be done with a little extra effort and investment on your part. But how little of an effort is what tends to shock most borrowers.
This is a simple formula that can be applied to nearly any loan or credit situation. A mortgage, vehicle loan, student loan, credit card — barring any special stipulations, it works for all of them.
What You Need to Do
The ultimate goal is to make the equivalent of one extra payment per year. If you’re current with the loan in question, this entire extra payment can be applied directly to the principal balance, circumventing interest. This is significant because during the early stages of a long-term loan — particularly a mortgage — upwards of 90% of your payment is going to interest and escrow. During those first few years of a 30-year loan, often less than 10% of your payment is applied to the actual amount you borrowed. Shocking, right?
Let’s be realistic. Not many people will be able to simply make a double mortgage payment one month out of the year. The trick is to spread it out over 12 months.
Here’s the formula: Take your normal monthly payment and divide it by 12 (number of months in the year). Now, take that number and add it to your monthly payment. That’s it!
For the sake of nice round monthly payments, let’s look at an example using a 30-year mortgage loan of $107,000 at 5% APR. The monthly payments in this case would be approximately $900 per month:
- $900 ÷ 12 months = $75
- $75 + $900 = new monthly payment of $975
In this instance, we just add $75 per month to our payment. It’s a little extra, sure, but if you’re not spread too thin, here’s why this is a big deal in the long run:
- $900/month = 30 years of payments
- $975/month = 23 years of payments
That’s right, by paying $975 each month instead of $900, we’re able to cut seven years of payments. This same principle can be applied to most credit cards, vehicle loans or other long-term borrowing. As in many financial situations, a small investment in the short-term can pay for itself many times over in the long run.
This year, file your taxes the smarter way, and get your biggest possible refund – guaranteed. TurboTax® guides you every step of the way. Plus, Isabella Community Credit Union members can save up to $15 on TurboTax federal products.
- TurboTax translates taxes into simple questions about your life and puts everything in the right forms for you.
- TurboTax searches over 350 deductions and credits, so you won’t miss a thing.
- TurboTax runs error checks and a final review to help make sure your taxes are done right.
© 2015-2016 Intuit Inc. All rights reserved. State filing charges apply. Limited time offer for TurboTax 2015. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners.
Happy Groundhog Day!
The Winter 2016 FOCUS Newsletter is on its way in your monthly statements.
Here's what's going on at ICCU:
• ICCU's Annual Membership meeting is on March 16th at 6pm in the Dr. Dale D. Gust Board and Conference Room.
• The 10th Annual Community Pie Sale provided a fantastic donation to the Child & Family Enrichment Council of Mt. Pleasant.
• West M-20 Branch remodel is complete!
• Coming to ICCU in 2016!
• TruStage Insurance products might save you some money.
We'll use this space to keep you up to date on credit union events, provide financial tips, and have some fun!
As I am sure you have noticed by now, we have completely changed everything about the ICCU website. But don't worry, as always, we are here to help!
Please, let us know what you think.
New things coming to ICCU in 2016:
- ApplePay is available for ICCU Credit Card holders. Click here for more information.
- It'sMe247 Online and Mobile Banking are getting a much needed facelift, everything should stay in the same place though.
- ICCU Mobile App is in the works and should be available for download in the Apple and Google app stores around April 2016.
- Remote Deposit Capture
We are extremely excited for all of the new features and services we will be able to offer ICCU members throughout 2016!
It is looking to be a fantastic year.