Lincoln Park Community CU Press | July 2020
News & Updates from
Lincoln Park Community Credit Union
The monthly email newsletter from your Lincoln Park Community Credit Union to keep you in-the-know on specials and local community news.
Applying for a loan? Let us count the ways.
Many Americans are choosing to make the most of their summers during the pandemic by changing vacation plans to "staycations" and/or making upgrades to their homes to make the most of this time.

Are you and your family wanting to take a last-minute road trip or planning a fun upgrade to your home like a hot tub, home theater, or new kitchen? Start your loan application with LPCCU in one of three ways:

  • Call us at 313-389-2300
  • Fill out our online loan inquiry form
  • Click here to access our PDF loan application. Simply fill it out and drop it off at the credit union, or email it to us at creditunion@lpccu.coop.

We wish you and your family continued health and safety - AND some summer fun. Thanks for your membership with LPCCU.
10 Scam Tactics Scammers Use to Trick Members
Scammers are known for preying on victims’ vulnerabilities, such as financial hardship, fear and confusion. Given the particularly challenging circumstances surrounding COVID-19, people who believe they are savvy enough to avoid scams may fall victim, nonetheless. 

Click here to read the full article about the 10 tactics scammers use to trick credit union members.
Is it Time to Reevaluate Your Family Budget?
Experts recommend evaluating your budget anytime there is a big change to your lifestyle or a major life event occurs.

With social distancing and quarantines, everyone has experienced a big change to their lives, and many people are now working from home due to the Coronavirus. This is a great time for reevaluating monthly budgets.

Here are some tips to follow if you are making some adjustments to your budget and some questions to ask yourself:

  • What are your financial goals, and have they changed over the last several months?
  • Look at budget vs. actual spending in each category over the last few months. Calculate average over spending or under spending and adjust each line item accordingly
  • Has your household and/or personal income changed?
  • Have your transportation needs and costs changed as a result of job loss or change or the fact that you might be working from home now?
  • Do you need to make changes to your grocery and/or entertainment budgets?
  • Do you still have ample savings to cover emergencies and unexpected expenses? (Rule of thumb is enough in savings to cover six months of living expenses)
  • Do you have credit card debt for which you would like to establish a payoff plan?

Assessing your budget on a regular basis is the best way to ensure that you are reaching your financial goals and making the most of your hard-earned money. It is recommended to do this on a monthly basis for best results.
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