Consumers Credit Union Grand Rapids MI | Best Auto Loans & Business Banking

Introduction

Welcome to Consumers at our convenient location on 220 54Th St SW, Grand Rapids, MI 49548. As a proud member of the community since 1964, we have been dedicated to serving our members with trust and reliability. With over 142,950 satisfied members and total assets exceeding $2.38 billion, we are committed to providing exceptional financial services tailored to your needs. At Consumers, we understand that financial well-being is essential. That's why we offer a wide range of services, including personal banking options like checking and savings accounts, auto loans, mortgages, and business banking solutions. Our team, led by CEO Scott Sylvester and Board President Kim Shook, is here to help you navigate your financial journey with personalized support. We take pride in our strong financial standing, boasting total deposits of $65,993,314 and a net worth of $223,309,042. With cash in hand amounting to $34,423,513, we are well-equipped to assist you with your borrowing needs; we currently manage a robust portfolio of 87,715 loans and leases. While you can visit us at our branch for all your banking needs, please note that any official correspondence should be directed to our mailing address: 220 54th Street SW, Grand Rapids, MI 49548. Whether you're looking to open an account or need assistance with a loan application, don't hesitate to reach out! Call us today at 616-301-1310 or visit our website at Consumers Credit Union for more information. We look forward to welcoming you into the Consumers family!

Branch History & Mission

At Consumers Credit Union, we take pride in our rich history and unwavering commitment to our members. Established in 1964, our Grand Rapids branch has served as a cornerstone of financial support and community engagement for nearly six decades. Located at 220 54th St SW, Grand Rapids, MI 49548, we are easily accessible for all your banking needs. As we've grown over the years, so has our dedication to providing exceptional service to our more than 142,950 members. From humble beginnings, Consumers has evolved into a trusted financial institution with total assets exceeding $2.38 billion. Our mission is simple yet powerful: to provide a wide range of financial services that empower our members while fostering community support and growth. We believe in putting people before profits, ensuring that every decision we make prioritizes the well-being of our members and the communities we serve. Our operating hours are designed to accommodate your busy schedule: Monday through Wednesday from 9:00 a.m. to 5:30 p.m., Thursday and Friday from 9:00 a.m. to 6:00 p.m., and Saturday from 9:00 a.m. to 12:00 p.m., making it easy for you to visit us when it's most convenient for you. With ATM availability and drive-thru banking options, accessing your funds has never been easier. While members can visit us at 220 54Th St Sw Grand Rapids Mi 49548, official correspondence should be sent to 220 54th Street SW, Grand Rapids, MI 49548 if different from the branch address. We understand that technology plays a crucial role in modern banking; hence, we offer online banking, mobile payments, and person-to-person transfer services for added convenience. We also recognize the importance of giving back to our community. Through various partnerships and outreach efforts, we strive to make a positive impact on those around us. Whether it's supporting local charities or hosting financial literacy workshops, our commitment extends beyond just banking services. Join us at Consumers Credit Union and experience the difference that comes with being part of a community-focused organization. Together, let's build a brighter financial future! For any inquiries or assistance, feel free to reach us at (616) 301-1310.

Branch Location & Accessibility

Accessibility Features

Our branch is designed with your needs in mind. We offer ample parking and have ADA-compliant features, including ramps and accessible entrances, ensuring everyone can comfortably access our services.

Call to Action

Ready to take the next step in your financial journey? Stop by Consumers at 54th Street today or give us a call at 616-301-1310! Our friendly staff is eager to assist you and help you make the most of your banking experience.

Operating Hours

We know that life can get busy, so we've tailored our operating hours to fit your schedule. Visit us Monday through Wednesday from 9:00 a.m. to 5:30 p.m., Thursday and Friday from 9:00 a.m. to 6:00 p.m., or stop by on Saturday from 9:00 a.m. to 12:00 p.m. We're closed on Sundays, giving our team some well-deserved rest!

Services Offered

At Consumers, we pride ourselves on offering a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we're here to help you every step of the way. Need cash? Our ATM is readily available for withdrawals and balance checks. Plus, enjoy the convenience of drive-thru banking for simple transactions without leaving your car.

Member Eligibility

Joining Consumers is like stepping into a welcoming community where your financial needs are understood and valued. To become a member, you simply need to meet some friendly eligibility criteria. Generally, anyone who lives or works in the areas we serve can join us. Whether you're looking for personal banking solutions, auto loans, or just a place to grow your savings, we invite you to explore how you fit into our family. For detailed information on eligibility requirements, feel free to visit this link. Our team at Consumers, located at 220 54Th St Sw Grand Rapids Mi 49548, is here to help guide you through the easy account-opening process as well. If you have any questions or need assistance, don't hesitate to call us at (616) 301-1310. We look forward to welcoming you!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $2,206 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $3 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $265,279,836, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine being able to accept payments from customers easily, whether they are using a credit card or mobile payment app. Our merchant services simplify transactions, allowing you to focus on what matters most growing your business. With secure payment processing and competitive rates, we make it easier for you to serve your customers and increase sales. Located at 220 54Th St Sw Grand Rapids Mi 49548 in Grand Rapids, MI, we invite you to visit us or call us at (616) 301-1310 to learn more about how our business banking and commercial services can support your goals.

Comprehensive List Of Services

Connect with Us Today!

At Consumers, we believe in being more than just a credit union; we strive to be a trusted partner in your financial journey. We invite you to visit us at 220 54Th St Sw Grand Rapids Mi 49548 in Grand Rapids, MI, or call us at (616) 301-1310 to learn more about how our comprehensive services can benefit you today! Explore the possibilities with us your financial future starts here!

Credit Cards & Business Banking

At Consumers, we also offer credit cards with rewards to help you earn while you spend. Enjoy benefits that suit your lifestyle, from cashback on purchases to travel rewards. For small business owners, our business banking services provide essential tools like merchant services and business loans. We know how important it is for businesses to have reliable financial support, so we've designed our offerings to help you succeed.

Online & Mobile Banking Convenience

In today's fast-paced world, convenience matters. That's why we prioritize online and mobile banking features that allow you to manage your accounts anytime, anywhere. With secure access to your accounts, you can pay bills, transfer funds, and check balances with just a few taps on your smartphone or computer. Our ATM services are also readily available for cash withdrawals and balance checks, making banking easy whether you're at home or on the go. Additionally, our drive-thru service provides quick access for deposits and simple transactions without leaving your vehicle.

Personal Banking Solutions

Whether you're looking to open a new checking or savings account, we have options that fit your lifestyle. Our personal banking services include user-friendly accounts designed for everyday transactions and savings goals. For those dreaming of a new car, our auto loans and vehicle financing options make it easy to drive away in the vehicle you want. If homeownership is on your mind, explore our mortgage loans and refinancing solutions. We offer competitive rates and personalized service to guide you through every step of the process. Need extra funds? Our personal loans and debt consolidation services are here to help simplify your financial journey.

Digital & Online Banking

Key Features

Our online banking platform allows you to check balances, pay bills, and transfer funds with just a few clicks. You'll also enjoy the convenience of e-statements, making it easier than ever to keep track of your finances without the clutter of paper statements. Plus, if you're on the go, our mobile application offers all the features you need right at your fingertips. Need to send money quickly? Our person-to-person transfer feature lets you send funds to friends and family with ease. If you're using your phone for payments, take advantage of our mobile payments option, so you can make purchases directly from your device.

Security and Accessibility

Your security is our top priority. Although we do not currently support electronic signature authorization, rest assured that our online banking services are built with robust security measures to protect your personal information. We strive to provide a user-friendly experience that makes real-time account management simple and straightforward. Whether you're checking in on your savings or making a quick payment, Consumers's digital banking tools ensure that managing your money is as convenient as possible. Experience financial freedom today by exploring all that our online services have to offer!

Financial Strength

Growing Membership Base

The trust our members place in us is evident from our total share accounts: 308,686. This shows a strong and growing member base that relies on us for their financial well-being. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Consumers is your trusted partner. Visit us at 220 54Th St Sw Grand Rapids Mi 49548 or call (616) 301-1310 to learn more about how we can help you achieve your financial goals.

Lending Capacity

Our lending capacity is substantial. We support your financial goals with $39,075 in used auto loans and $2,091,705,346 in total loans and leases across various sectors. This diversity in lending means we're here for you whether you're buying a car or pursuing other dreams.

Member-Centric Approach

Unlike traditional banks, we prioritize our members. With non-member deposits at $9,403,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. This approach allows us to reinvest $218,884,511 in undivided earnings into innovative banking tools and stronger lending options that directly enhance your experience.

Operational Efficiency

Our operational efficiency is reflected in our impressive $0, enabling us to continue offering competitive loan rates and solid financial products for our members. With 418 full-time employees and 13 part-time employees, our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Options

Your savings are secure with us through $648,052,464 in share certificates and $521,996,529 in money market shares. These options provide stable and rewarding financial growth opportunities tailored to your needs.

Strong Financial Health

With a net worth of $223,309,042, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $935 demonstrates a solid capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $644,590,085 in used vehicle loans and $178,224,989 in new vehicle loans already helping members get on the road. We make it easy to get behind the wheel of your next vehicle with straightforward terms and competitive interest rates.

Business Loans

For business owners, our outstanding commercial loans totaling $265,279,836 provide the capital needed to grow and expand. Whether you need funds for equipment purchases or working capital for daily operations, we have solutions tailored for your business needs.

Conclusion

At Consumers, we are dedicated to empowering our members through transparent lending options and exceptional service. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore our loan offerings today and let us help you take the next step toward achieving your financial dreams!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $128,065,957, making buying or refinancing simple. We provide support throughout the entire process and offer refinancing options for those looking to lower their monthly payments or access equity in their homes.

Unsecured Credit Cards

We also offer flexible terms on unsecured credit card loans, with a total of $42,872,491 in loans helping members manage their finances effectively. These cards come with features designed to fit your lifestyle while providing an easy way to handle everyday purchases.

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Consumers

Type of Loan Offerings

Home Equity Loans

Personal Loans

Vehicle Loans