Wallet Wisdom

Hosted by Lake Michigan Credit Union

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Jun 2026

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About the show

Welcome to the Wallet Wisdom podcast, presented by Lake Michigan Credit Union. Wallet Wisdom helps breakdown the in's & out's of financial aspects to bring answers to some of banking's more confusing and complex questions. At LMCU, our members trust us with their homes, earnings, and financial wellness. We take that trust very seriously. Wallet Wisdom is our way of helping our listeners better understand the financial world and how it relates to you.

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60 recent

June 13, 202643 min

Episode 64: Money Habits for Graduates

Graduation is an exciting milestone, but it also marks the beginning of a new financial journey. In this episode of Wallet Wisdom, Brett sits down with Sedrick, Market Leader at LMCU, to discuss why financial literacy is one of the most important skills graduates can develop as they enter adulthood. From creating a realistic budget to avoiding the pressure of "keeping up with the Joneses," Sedrick shares practical advice that can help young adults build confidence with money and establish healthy financial habits early. He explains why financial success looks different for everyone, how discipline plays a critical role in long-term wealth building, and why taking advantage of workplace retirement benefits can have a lasting impact on your future. --- The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment, financial, or other advice. Statements of individuals are their own and not LMCU's. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments, or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast, you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast, please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured by NCUA. Equal Housing Lender. NMLS ID #442967.

May 28, 202621 min

Episode 63: I Can Do What With My Equity?!

In this episode of Wallet Wisdom, Brett sits down with LMCU’s home lending experts to break down what home equity really is, how Fed rate decisions impact borrowing, and how homeowners can strategically use a HELOC to support their financial goals. From home renovations and debt consolidation to understanding variable rates and long-term financial planning, this episode explores the practical side of home equity and why education matters before making big financial decisions. --- The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment, financial, or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments, or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast, you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast, please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured by NCUA. Equal Housing Lender. NMLS ID #442967

May 23, 202626 min

Episode 62: Growing Your Small Business

Small businesses are the backbone of our communities, and in this week’s Wallet Wisdom episode, we’re diving into what it really takes to get one off the ground. Brett sits down with Scott, Vice President of Small Business Lending at LMCU, to break down the early steps every entrepreneur should consider before launching or scaling a business. From realistic financial planning to finding the right resources, Scott shares practical advice drawn from years of experience helping business owners turn ideas into sustainable success. As he explains, building a business isn’t just about having a great idea, it’s about having a clear plan, the right support, and the willingness to adapt along the way. ===The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967

April 28, 202639 min

Episode 61: Rent or Own? The Truth Explained

Buying a home or continuing to rent? It’s not as simple as one being better than the other—and in this episode of Wallet Wisdom, we break down why. Brett sits down with Jake, Vice President of Regional Mortgage Production at LMCU, to unpack one of the biggest financial decisions many people face: owning vs. renting. Jake shares an honest, practical perspective shaped by years of helping members navigate homeownership. His biggest takeaway? It’s not a competition. The right choice depends on your life stage, financial situation, and long-term goals. From rising interest rates to common myths about down payments, this episode clears up confusion and gives you a realistic look at what it takes to step into homeownership—when the time is right for you. --- The information provided in this podcast by LMCU is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright LMCU. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967

April 15, 202636 min

Episode 60: Raising Money-Smart Kids

Helping your kids build strong financial habits starts earlier than you think, and this week’s Wallet Wisdom episode shows you how to begin. Brett sits down with Byron, Market Leader at LMCU’s Downtown Detroit branch, to talk about how parents can start meaningful financial conversations with their kids and why those early discussions matter more than ever. From simple savings habits to long-term planning tools like 529 plans, Byron shares practical, real-life strategies families can use no matter where they’re starting financially. As he explains, building wealth doesn’t begin with big money, it begins with consistency and small steps over time. === The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967

March 28, 202625 min

Episode 59: Fraud Is Evolving - What You Need to Know to Stay Safe

Brett sits down with Josh, Director of Fraud at LMCU, who shares an inside look at how scams are becoming more sophisticated, and what you can do to protect yourself in an increasingly digital world. From AI-powered scams to fake websites and urgent “fear-based” tactics, Josh explains how fraudsters are using smarter tools and more convincing strategies than ever before. As he puts it, fraud today isn’t slowing down, it is constantly growing and adapting. -----The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967

March 18, 202634 min

Episode 58: Making Your Tax Refund Really Work for You

Tax season is here, and this week’s Wallet Wisdom episode is packed with practical, real life strategies to help you stretch your refund further than ever. Brett sits down with Bill Turner (BT), LMCU District Manager in Southwest Florida, who brings 30 years of banking experience and a refreshingly honest take on how to use your tax return with intention—not impulse. --- The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967

February 28, 202624 min

Episode 57: From Stress to Confidence: Building Better Money Habits the Mindful Way

In this episode of Wallet Wisdom, Brett catches up with LMCU Financial Wellness Coordinator Tiarra Weddle and LMIA Administrative Assistant Stevie VanHorssen to discuss how to build healthy money habits without ever checking your bank account. Between Tiarra’s time spent as an LMCU teller and Stevie’s experience as an LMCU Wellness Champion, today’s guests are well poised to help listeners understand how confidence, impulse control, self-care strategies, and even yoga can all play a role when pursuing your financial goals. This episode’s topics include: Stress Management: How to not let worrying about money become a vicious cycle.Small Wins: Tips for taking everyday steps toward financial wellness. Impulse Control: Learning to self-soothe in a constructive way. Don’t Forget to Breathe: How subtle physical tension can amplify stress.Comfort & Confidence: The importance of “radical honesty” and finding ways to talk with your friends (and tellers!) about money. Take it from Tiarra and Stevie — getting to the heart of holistic financial wellness starts by looking inwardly, being kind to yourself, and making small behavioral shifts that add up to big long-term wins for your bank account. --- The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967

January 16, 202632 min

Episode 56: SMART Financial Goals: How to Build Better Money Habits

In this episode of Wallet Wisdom, Brett sits down with Savannah Girmscheid, LMCU's Financial Wellness Manager, to break down the #1 money mistake people make when setting financial goals: jumping in without truly understanding where they stand. Whether you’re just starting your financial journey or looking to refine your goals, this episode offers practical insights and tools to help you move forward with confidence. Learn more about LMCU’s financial wellness resources at: https://LMCU.org #WalletWisdomPodcast #LMCU #FinancialGoals #FinancialWellness #SmartGoals #MoneyManagement #CreditUnion --- The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967

December 26, 202525 min

Episode 55: From the Classroom to the Community

In this episode of Wallet Wisdom, we sit down with Cody Timm, Branch Manager of our Leonard branch and one of our top volunteers in 2025, to explore how financial education and community engagement can shape stronger futures. With eight years at LMCU and active involvement on both the Financial Wellness Council and DEIB (Diversity, Equity, Inclusion, and Belonging) Council, Cody shares how LMCU is showing up beyond the branch — from financial reality fairs in local high schools to hands-on experiences like Junior Achievement’s BizTown.