These labels are unfortunate but do provide a starting point and frame of reference.
Do we believe in Predestination and Election? We believe what the Bible teaches and we believe the Bible does in fact present this doctrine. But at the same time we will freely admit that many Calvinists have distorted this doctrine and have failed to do full justice to the full picture of what Scripture teaches. The issue is actually more complicated than then simple Calvinist and Arminian understandings of this issue. We believe the Scripture teaches us its own understanding of logic and how to hold to beliefs that sometimes seem to be in contradiction. The problem isn't the Scripture but in how we understand it.
This age old question cannot be answered in a way that will please everyone but it must emphasized that as Christians our duty is to submit to God's Word even if we cannot fully reconcile in our minds the tension between God's Sovereignty and Man's Responsibility.