Elga Credit Union Goodrich MI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Elga Credit Union, your trusted financial partner in the heart of Goodrich, MI. Established in 1968, we have proudly served our community for over five decades, providing a range of financial services designed to meet your needs. Our branch is located at 8125 S State Rd, Goodrich, MI 48438, where we invite you to experience personalized service and a commitment to your financial well-being. At Elga, we take pride in being more than just a credit union; we are a community-focused organization with a membership base of 98,406 individuals. With total assets exceeding $1.54 billion and total deposits amounting to $138,889,113, our financial strength allows us to offer competitive rates on loans and savings products tailored for every member's situation. Whether you're looking for an auto loan, mortgage refinancing, or simply want to open a checking account, we're here to help you navigate your options. Under the leadership of CEO Terry Katzur and Board President Harold Mott, our dedicated team of 306 employees works tirelessly to provide exceptional service. We understand that every member has unique financial goals, and we're committed to helping you achieve them. While members can visit us at our branch location, official correspondence should be sent to the same address: 8125 S State Rd, Goodrich, MI 48438. If you have any questions or need assistance, don't hesitate to reach out by calling us at 810-715-3542. We look forward to welcoming you into the Elga family and supporting your journey toward financial success! Visit our website at elgacu.com for more information or stop by today!

Branch History & Mission

Community Focus

Elga isn't just about numbers; it's about people. We actively engage in community outreach efforts and forge partnerships that create positive change in Goodrich. By supporting local events and initiatives, we strive to make a meaningful impact beyond banking. Our commitment extends into digital advancements as well; we ensure that everyone has access to modern banking conveniences such as online and mobile banking services, allowing you to manage your finances anytime, anywhere.

Join Us Today!

As we continue this journey together, we invite you to be part of the Elga family. Visit us during our operating hours from 9:30 AM to 5:30 PM on weekdays or call us at 810-715-3542 for any questions you may have. If you're looking for a reliable financial partner who values your membership as much as you do, look no further than Elga! Experience firsthand how we can help you achieve your financial goals while being an active part of the Goodrich community.

Our Mission

At the heart of Elga's mission is a strong desire to uplift our community by providing excellent financial services while ensuring our members' success. We believe in empowering individuals through education and support. Our goal is not just to offer loans or accounts but also to foster a sense of belonging and trust within our community. We understand that every member's journey is unique. That's why we offer tailored solutions that meet diverse needs from auto financing to credit card rewards that truly benefit you. Whether you are looking for simple banking options or more complex financial services, we're here to guide you every step of the way.

Branch Location & Accessibility

Accessibility Features

At Elga, we prioritize your comfort and accessibility. Our branch is designed to be welcoming for everyone, featuring ADA-compliant ramps and spacious parking options. If you prefer drive-thru banking, you're in luck! We offer a drive-thru service that makes quick transactions a breeze. Plus, our ATM is available for your convenience, allowing you to access cash and check balances without stepping inside.

Additional Services

Beyond traditional banking services, we offer a range of options tailored to meet your needs. From personal checking and savings accounts to auto loans and mortgages, we've got you covered. Need assistance? Don't hesitate to give us a call at 810-715-3542; our friendly staff is always ready to help! While members can visit us at 8125 S State Rd for all their banking needs, any official correspondence should be sent to the same address for consistency. We invite you to come by and experience the Elga difference today! Your financial well-being is just a visit away.

Operating Hours

We understand that life can be busy. That's why our lobby hours are set from 9:30 AM to 5:30 PM, Monday through Friday. This schedule ensures that you can visit us when it's convenient for you.

Member Eligibility

At Elga, we believe that becoming a member is like joining a supportive family where your financial well-being is our top priority. To be eligible for membership, you'll find that it's quite simple! We welcome anyone who lives, works, worships, or attends school in the areas we serve. This includes not just individuals but also their immediate family members. So if you're looking for a place that values community and personal connections, you've found it right here at Elga. You can discover more about the specific eligibility criteria by visiting our website at http://www.elgacu.com/bank/become-a-member/. Once you see that you qualify, opening an account is easy and straightforward! Just head over to our account opening page at https://elgacu.financialhost.org/registration to get started. If you have any questions or need assistance during the process, feel free to give us a call at (810) 715-3542. We're excited to welcome you to the Elga family, where your financial goals are within reach!

Business Banking & Commercial Services

Financing Options Tailored for You

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 That Make Transactions Easy

Navigating payments shouldn't slow you down. Our merchant services streamline transactions, allowing you to focus on what you do best running your business. Imagine being able to accept payments from customers effortlessly, whether they're paying online or in-person. This convenience not only enhances customer satisfaction but also helps boost your bottom line. Visit us at 8125 S State Rd Goodrich Mi 48438 in Goodrich, MI, or call us at (810) 715-3542 to learn how our business banking and commercial services can support your ambitions today!

Comprehensive List Of Services

Business Banking Options

For local entrepreneurs and small businesses, our Business Banking services include Merchant Services & Business Loans, allowing you to manage cash flow and invest in growth opportunities effortlessly. We believe in supporting our community's businesses and helping them thrive.

Credit and Debt Management

Life can throw unexpected expenses your way. That's why we provide Personal Loans & Debt Consolidation options to help you regain control over your finances. And for everyday spending, our Credit Cards with Rewards not only make transactions convenient but also offer benefits that add value back into your pocket.

Digital Banking Convenience

In today's fast-paced world, convenience is key. Our robust Online & Mobile Banking features allow you to manage your accounts from anywhere, anytime. You can easily check balances, transfer funds, and even deposit checks using our mobile app. Additionally, we provide access to ATMs for quick cash withdrawals and basic banking needs without hassle.

In-Person Service

If you prefer face-to-face interaction, our branch offers basic drive-thru banking for deposits and withdrawals during regular hours from 9:30 AM to 5:30 PM on weekdays. Our friendly staff is always ready to assist you with any inquiries or transactions you may have. At Elga, we're more than just a credit union; we're a partner in your financial success. With services ranging from personal banking to business solutions, we cater to all your financial needs under one roof. Ready to take the next step? Visit us at 8125 S State Rd Goodrich Mi 48438, call us at (810) 715-3542, or explore more about what we offer by visiting our website. Join the Elga family today!

Personal Banking Solutions

Managing your everyday finances is easier with our Personal Banking options. We offer various Checking & Savings Accounts designed to fit different lifestyles and goals. If you're planning to buy a car, our Auto Loans & Vehicle Financing can help you hit the road with confidence. For those dreaming of homeownership, our Mortgage Loans & Refinancing services make it simple to secure your future home or improve your current one.

Digital & Online Banking

Key Services

With just a few clicks, you can access our online banking services at https://www.elgacu.com/. Whether you want to check your balance, transfer funds, or pay bills, our 24/7 online banking ensures that you have full access whenever you need it. Plus, for added convenience, we offer person-to-person transfers, allowing you to send money directly to friends and family with ease. Security is a top priority at Elga. Our electronic signature authorization feature means you can sign documents securely without needing to visit a branch. You can also choose e-statements to reduce paper clutter while keeping all your important financial information safe and accessible online.

Mobile Banking

Stay connected with our mobile application, available for download on your smartphone. With this handy app, you can manage your accounts on the go make deposits, set up alerts, and even utilize mobile payments for quick transactions at participating merchants. We know life gets busy, so we've made it simple for you to handle your banking needs wherever you are. The combination of our digital services ensures that managing your finances is both convenient and efficient. If you're ready to explore what Elga has to offer in digital banking, visit us today at https://www.elgacu.com/ and experience the freedom of banking at your fingertips!

Financial Strength

Commitment to Excellence

Our $0 reflects our operational efficiency, 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, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share Accounts stand at 234,001, showing a strong and growing member base that trusts us with their finances. 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 8125 S State Rd Goodrich Mi 48438 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.

Member-Focused Savings

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.

Reinvesting in Our Community

With $225,498,882 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Additionally, with $25,661 in used auto loans and $1,202,515,854 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Solid Financial Health

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. Our net worth ratio of $2,587 demonstrates a solid capital foundation, ensuring 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 feature some of the most competitive rates in the industry. With $384,046,925 in used vehicle loans and $94,175,508 in new vehicle loans already helping members get on the road, we're here to assist you every step of the way. Whether you're after a brand-new model or a reliable used car, our flexible financing options can make it happen.

Commercial Loans

For business owners seeking growth opportunities, our outstanding commercial loans amounting to $149,592,376 provide the capital needed for expansion. We understand that every business has unique challenges and goals; that's why we work closely with our members to ensure they have the resources necessary for success. --- Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Whether you're located at our branch at 8125 S State Rd Goodrich Mi 48438, or simply want more information over the phone at 810-715-3542, we invite you to explore how our loan offerings can help meet your financial aspirations. At Elga, we're dedicated to supporting our members with personalized service and solutions that make sense for them.

Credit Lines and Personal Loans

For those needing quick access to cash or wanting to consolidate debt, we offer credit lines totaling $263,127,345. These flexible options can be tailored to fit your budget and lifestyle. Additionally, we provide unsecured credit card loans with a total of $64,232,832, giving members more control over their spending while managing finances effectively.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $77,194,234. We aim to simplify the process for first-time buyers and those looking to refinance. If you're considering refinancing your existing mortgage or exploring eligibility options for purchasing a new home, our knowledgeable team is ready to guide you through the various pathways available.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This ensures that all offers are fair and transparent. By relying on verified institutions, LendMesh provides users with confidence that they are viewing accurate loan offers.

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