Elga Credit Union Davison MI | Affordable Vehicle Loans & Personal Banking

Introduction

Welcome to Elga at our Davison branch, located at 8415 Davison Rd, Davison, MI 48423. Since our establishment in 1968, we've been dedicated to serving the financial needs of our community and fostering a sense of belonging among our 98,406 members. With total assets of $1,549,071,974 and deposits reaching $138,889,113, we pride ourselves on being a stable and reliable choice for personal and business banking. At Elga, we understand that financial decisions can be daunting. That's why we prioritize creating a welcoming environment where you can feel comfortable discussing your financial goals. Whether you're looking for auto loans over 93,371 loans are currently in service or need assistance with savings accounts or mortgages, we're here to help you navigate every step of the way. Led by CEO Terry Katzur and Board President Harold Mott, our team of 306 employees is committed to providing exceptional service tailored to each member's unique needs. We believe that strong leadership translates into better support for our members and the community at large. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to the same address: 8415 Davison Rd, Davison, MI 48423. Don't hesitate to reach out to us at 810-715-3542 for any questions or assistance. Explore what makes Elga more than just a credit union; we are your partner in achieving financial success! Visit our website at www.elgacu.com today to learn more about our services or to become a member. Together, let's build a brighter financial future!

Branch History & Mission

At Elga in Davison, MI, we celebrate a rich history that dates back to our founding in 1968. Since then, our branch has grown and evolved alongside the community, becoming a trusted financial partner for nearly 98,406 members. Located at 8415 Davison Rd, we are proud to be at the heart of Davison, easily accessible for all your banking needs. Our mission is simple yet powerful: to provide exceptional financial services while actively supporting the local community. We aim to empower our members with the tools they need to achieve their financial goals. Whether you're looking for personal banking options like checking and savings accounts, auto loans, or mortgage refinancing, we have solutions tailored just for you. Our commitment to our members extends beyond banking; we strive to uplift our community through various outreach programs and partnerships. Over the years, Elga has achieved remarkable milestones. We've accumulated total assets of over $1.5 billion, showcasing our stability and growth. As we embrace digital advancements like online banking and mobile payments, we ensure our services remain user-friendly and accessible for everyone. Our drive-thru service and ATM availability further enhance convenience for those on the go. While you can visit us at our branch address for all your banking needs, any official correspondence should be sent to the same location as our mailing address: 8415 Davison Rd, Davison, MI 48423. Our dedicated team works diligently during lobby hours from 9:30 AM to 5:30 PM Monday through Thursday and until 6 PM on Fridays. With a focus on customer service and satisfaction, we are here to assist you with all your financial queries. Join us today at Elga in Davison and experience firsthand how we make banking personal. Together, let's build a brighter financial future! For more information or to become a member, visit our website or call us at 810-715-3542.

Branch Location & Accessibility

Operating Hours

We understand that life can get busy, which is why we offer flexible hours. Our lobby is open from 9:30 AM to 5:30 PM Monday through Thursday, and we extend our hours until 6 PM on Fridays. This way, you can fit banking into your schedule without any rush!

Our Location

Situated near local landmarks, Elga is easy to find and access. If you need to stop by, you'll appreciate our ample parking space that makes visiting hassle-free. We are committed to ensuring everyone can visit us comfortably, featuring ADA-compliant entrances and ramps for those who may require extra assistance.

Services Offered

At Elga, we provide a variety of services tailored to meet your financial needs. Whether you're interested in personal banking options like checking and savings accounts, auto loans, or mortgage refinancing, we have it all. Plus, with ATM availability and drive-thru banking options, accessing your funds has never been easier. While members can visit us at 8415 Davison Rd Davison Mi 48423, official correspondence should be sent to the same address as our mailing address: 8415 Davison Rd, Davison, MI 48423. If you have any questions or would like to learn more about what we offer, don't hesitate to give us a call at (810) 715-3542. We look forward to welcoming you soon at Elga!

Member Eligibility

At Elga, we believe that becoming a member is like joining a family that truly cares about your financial well-being. If you're wondering whether you can join us at our branch located at 8415 Davison Rd, Davison, MI 48423, the good news is that membership is open to a variety of individuals. Generally, anyone who lives, works, worships, or attends school in our community is welcome to apply. We want to make it easy for you to be part of our supportive network where you can take advantage of personalized banking services and friendly assistance. Joining Elga is simple! You can find all the details about eligibility on our website at this link. Once you're ready to become a member, the account opening process is straightforward and user-friendly. Just visit this page to get started, or feel free to give us a call at 810-715-3542 if you have any questions. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Lending Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1,525 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $149,592,376, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we provide robust merchant services that simplify payment processing. Imagine being able to accept payments seamlessly, whether in-store or online. Our solutions help you manage transactions efficiently, allowing you to focus on what matters most growing your business. Located at 8415 Davison Rd Davison Mi 48423 in Davison, MI, our dedicated team is here to support your financial needs. Reach out at (810) 715-3542 to learn more about how we can assist you today!

Comprehensive List Of Services

Accessibility Features

Our branch also includes basic ATM access for quick transactions like withdrawals and balance checks. Additionally, our drive-thru service allows you to handle simple transactions without leaving your vehicle perfect for busy days when every minute counts! At Elga, we believe that banking should be straightforward and supportive. If you're ready to take the next step toward financial wellness or if you have questions about our services, don't hesitate to reach out! You can call us at (810) 715-3542, visit us at 8415 Davison Rd Davison Mi 48423, or explore more on our website at Davison. We're here to help you thrive financially!

Business Banking

For our business members, we offer comprehensive Business Banking solutions including Merchant Services & Business Loans. We know how vital cash flow is for any business, and we're here to support your growth with flexible financing options.

Online and Mobile Banking

In today's fast-paced world, convenience is key. That's why at Elga, we provide robust Online & Mobile Banking services. Access your accounts anytime, anywhere through our user-friendly mobile app or website. With features like ATM & Cash Withdrawal Services, along with basic drive-thru banking for deposits and withdrawals, we ensure that managing your finances is hassle-free.

Personal Banking

When it comes to personal banking, we offer Checking & Savings Accounts tailored for every lifestyle. Whether you're saving for a dream vacation or managing daily expenses, our accounts come with features that fit your needs. Need to finance a new car? Our Auto Loans & Vehicle Financing options make purchasing your next vehicle a breeze. For those looking to buy a home or refinance an existing mortgage, our Mortgage Loans & Refinancing services provide competitive rates and personalized guidance. If unexpected expenses arise, you can rely on us for Personal Loans & Debt Consolidation. We help simplify your financial life by combining multiple debts into one manageable payment. Plus, our Credit Cards with Rewards allow you to earn while you spend, making everyday purchases even more rewarding.

Digital & Online Banking

At Elga, we understand that your time is precious. That's why our digital and online banking services are designed to offer you convenience, security, and easy access to your financial needs anytime, anywhere. Whether you're at home or on the go, managing your finances has never been simpler. Explore our user-friendly online banking platform at https://www.elgacu.com/. With 24/7 access, you can check your account balances, pay bills, and transfer money with just a few clicks. Our mobile application enhances this experience by allowing you to handle transactions right from your smartphone. Plus, if you prefer a more personal touch, our person-to-person transfer feature makes it easy to send money to friends and family without any hassle. Your security is our top priority. We provide electronic signature authorization for your peace of mind when signing documents online. Additionally, enjoy the benefits of e-statements which not only reduce paper clutter but also keep your financial information secure and easily accessible. Need to make payments on the go? Our mobile payments feature allows you to pay for goods and services quickly and securely using your phone. This means no more fumbling for cash or cards just a simple tap will do! With all these features combined, Elga ensures that managing your finances is not only convenient but also safe and efficient. Join us today and experience how easy banking can be!

Financial Strength

At Elga, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial strength is built on solid foundations, ensuring we can support you in all your financial needs. With a net worth of $401,522,380, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This robust position is further highlighted by our net worth ratio of $2,587, which demonstrates a solid capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $137,373,491 in share certificates and $382,055,773 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $49,643,677, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our commitment to our members is reflected in our impressive $225,498,882 in undivided earnings. This allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. Additionally, with $25,661 in used auto loans and $1,202,515,854 in total loans and leases, our lending capacity supports your financial goals across various sectors. Our operational efficiency is evident through our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 294 full-time employees and 12 part-time employees who are always ready to assist you with knowledgeable support. With net shares available for lending and investments totaling $917,123, we ensure there are ample resources for your needs. Our growing member base is reflected in the fact that we have a total of 234,001 share and deposit accounts showing the trust that members like you place in us. In summary, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Elga is your trusted partner. Visit us at 8415 Davison Rd Davison Mi 48423 or call (810) 715-3542 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $384,046,925 in used vehicle loans and $94,175,508 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates that make financing your next vehicle easy and affordable.

Business Financing

For business owners, our outstanding commercial loans totaling $149,592,376 provide the capital needed to grow and expand. We understand the challenges faced by small businesses and offer tailored solutions to support your ambitions.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $64,232,832 in loans helping members manage their finances effectively. Our credit cards come with benefits that can enhance your purchasing power while keeping your budget in check.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $77,194,234, make buying or refinancing simple. We aim to help you navigate the process smoothly so you can focus on what matters most your new home.

Refinancing Options

If you're looking to lower your monthly payments or take cash out for other expenses, we have refinancing options available across many of our loan products. Our team is here to discuss eligibility and help you find the right solution for your situation. At Elga, we're committed to providing personalized service and expert advice. Feel free to reach out at (810) 715-3542 if you have any questions about our loan offerings or would like to discuss how we can assist you further. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us at 8415 Davison Rd Davison Mi 48423 in Davison, MI, or check out our website at https://www.elgacu.com/ for more information on how we can help you achieve your financial goals!

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