734.641.8400 May 2022

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April 2022
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February 2022


2021 PSCU
Board of Directors
Frederick W. Morgan

Jeffery King
Vice Chairperson

Dean J. Trudeau

Edward A. Carey, Jr.
Juanita Henry
Board Member

Charles Lowler
Board Member

Dale Reaume
Board Member
Credit Committee
Veronica Massey

Laura Saches
Credit Committee Member

Linda Wallace
Credit Committee Member
It's A Really Big Dill.....

For a limited time, you can receive up to $500 cashback on any new loan over $5000!* This is a DILL you don't want to miss!

Apply Now

*APR=Annual Percentage Rate. All loans must meet lending guidelines to qualify. All loans subject to credit and/or collateral approval. Not every member will qualify. This offer is only valid for loans applied for and disbursed from May 1, 2022, to May 31, 2022. **The 1.00% cash back applies only to loans >$5000.00 that are financed as new money with Public Service Credit Union or refinanced with Public Service Credit Union from another lender. Commercial loans, real estate/mortgage loans and loans originated at Dealerships are excluded. Cash back amount is capped at $500.00 per loan and is subject to all applicable taxes, which are the responsibility of the member. 1.00% cash back will be deposited to the member's savings account within 90 days from loan disbursement. Member must be in good standing with the credit union to receive incentive. Offer is valid from May 1, 2022, through May 31, 2022, and subject to change without notice.
Should You Pay Off Debt or Invest That Money?
Where should you invest your money?

Managing finances is no easy thing, and it can be tricky to make the most out of your regular income or an influx of cash.

A Beginner's Guide to Making a Will
Simple steps for easy estate planning

A will is a document that declares how your estate should be managed and distributed in the event of your death.

What is the Rule of 55?
How to avoid penalties for withdrawing retirement money early

The Rule of 55 is a useful tool in your retirement planning toolbox, but there are other tools that may serve you better.

Factors That Affect Car Insurance Rates
See what can change your premium cost

Car insurance is an agreement between you and an insurance company that will ideally protect you from financial loss if you were to get into an accident, experience damage to your vehicle, and more.

How to Get Out of a Car Loan After Your Divorce
How to settle a car loan when your marriage breaks up

If you shared everything when you and your spouse were married, divorcing means figuring out the right and fiscally responsible way to separate everything, including debt.

Should You Buy Travel Insurance for Your Next Vacation?
Choosing the right coverage

Whether you’re dealing with lost baggage, a canceled flight, or paying for medical care, travel insurance can provide compensation if you run into trouble while traveling.

5 Engaging Books for Asian American and Pacific Islander Heritage Month
Stories for exploring cultures and perspectives

Whether you’re interested in broadening your reading horizons or learning more about your own heritage, consider checking out these literary triumphs for Asian American and Pacific Islander Heritage Month.

Apps to Help Cultivate Gratitude in Your Life
Check out these helpful apps

To help you cultivate gratitude, consider downloading one of these apps that will assist you with reflecting on the good parts of your life.

Flipping Furniture for Beginners
How to refurbish furniture for fun and profit

With the right planning and the right tools, flipping furniture can be a highly satisfying activity — and one that brings in plenty of extra cash.

Sending Your Child to Private School When You’re on a Budget
How to afford private school when your finances are tight

If you’re committed to sending your child to a Montessori program, religious institute, or some other school with a pricy tuition bill, consider these financial options.

Don't Wait For Pay Day!
Beginning May 16th

Beginning May 16th, we will be introducing our new member benefit, Early Pay!*

Early Pay allows members to receive their direct deposit up to 2 days in advance! No activation or hidden fees required. Look out for your next payday and tell a friend about this exciting new benefit as a member of PSCU!

*Early Pay is a free service for all Public Service Credit Union members with direct deposit. ACH payroll can be posted up to 3 business days early, but not guaranteed. The payroll sender determines when they send the payroll files, PSCU has no control on how early payroll will come in.

Don't Move, Improve!
Beginning May 16th

Looking to consolidate debt, improve your home, or finance a big project? No more procrastination!

For a limited time, you can borrow up to 100% of your home’s value!*

Apply beginning May 16th

* Subject to credit approval and program guidelines. This offer applies only to new home equity loans or lines of credit loans or existing ones. Only on a primary residence property, which the borrower owns and occupies is eligible; not available on a second/vacation home, rental/investment properties, or mobile homes. Offer limited to residences of Michigan. Your rate and corresponding APR may be higher than the posted rate, depending on your credit history and PSCU’s credit policies. Full Appraisals required to take advantage of the full 100% LTV special, LTVs 90% and lower may qualify for our automated valuation system. Property insurance is required. Flood insurance may be required. This product has a variable-rate that is based on the market rates (prime plus margin).

It's A Celebration!

For 71 years, we have been able to serve our communities with products and services to help put our members best financial foot forward.

To celebrate, we will be launching new and improved products and services beginning May 16th including the following:

Courtesy Pay limits will be increased! Anyone that has the $500 limit will automatically be increased to $800.

Stay tuned for more announcements and surprises!

In The Community
Redford Easter Egg Hunt

The Redford Branch hosted their first annual Easter Egg Hunt Saturday, April 16th. Children and families from the local community received over 500 eggs filled with treats and special giveaways.

Updates and Closings

Effective Saturday April 30, 2022, the Focus:HOPE branch located on 1400 Oakman Blvd, Detroit, MI 48238 will be permanently closed.

Effective Thursday June 23rd, 2022, the Redford North branch located on 14815 Telegraph Road, Redford, MI 4829 will process its last transaction after which it will be permanently closed.

The freestanding ATM at the 36th District Court located at 421 Madison Ave, Detroit has been removed.

Published by Public Service Credit Union
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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.  

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