Elga Credit Union Lapeer MI | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Elga Credit Union, your trusted financial partner in the heart of Lapeer, MI! Located at 799 S Harrison St, Lapeer, MI 48446, we have been serving our community since 1968. With a commitment to fostering financial well-being, we proudly support over 98,406 members with a robust range of services designed to meet your unique needs. At Elga Credit Union, we understand that finances can be overwhelming. That's why we're dedicated to providing personalized service and support every step of the way. Our total assets exceed $1.5 billion, with total deposits reaching $138,889,113. This strong foundation allows us to offer competitive rates on loans and exceptional member benefits. We believe in the power of community and are committed to making a positive impact in Lapeer. Whether you're looking for checking accounts, auto loans, mortgages, or credit cards with rewards, our experienced team is here to help you achieve your financial goals. Under the leadership of CEO Terry Katzur and Board President Harold Mott, our team of over 306 employees works tirelessly to ensure our members feel valued and empowered. While you can visit us at our branch for all your banking needs, please note that any official correspondence should be sent to the same address: 799 S Harrison St, Lapeer, MI 48446-3393. We invite you to explore our website at www.elgacu.com for more information about our services or give us a call at 810-715-3542. Join us today and experience the Elga difference where your financial future matters!

Branch History & Mission

Community Engagement

Our dedication to community outreach is evident through various partnerships and initiatives designed to uplift local organizations and causes. We believe in not just being a financial institution but also a vital part of the Lapeer community. Our team actively participates in local events and supports educational programs aimed at enhancing financial literacy among residents.

Join Us

At Elga, we invite you to experience the benefits of becoming a member. Join us in our mission to create stronger communities through better financial solutions. Visit our website at elgacu.com or call us at 810-715-3542 to learn more about how we can support your financial journey. Together, let's build a brighter future!

Modern Services with a Personal Touch

As we embrace modern banking trends, Elga remains committed to ensuring accessibility for all members. We offer online banking services, mobile payments, and even person-to-person transfers to make managing finances easier than ever. Our branch also features an ATM and drive-thru service for added convenience. While members can visit us at 799 S Harrison St, official correspondence should be sent to 799 S Harrison St, Lapeer, MI 48446-3393. Our operating hours are from 9:30 AM to 5:30 PM Monday through Thursday and until 6:00 PM on Fridays.

Branch Location & Accessibility

A Welcoming Environment

At Elga, we prioritize accessibility for all members. Our facility is ADA compliant, featuring ramps and other accommodations to ensure everyone can easily access our services. If you prefer banking from your vehicle, take advantage of our drive-thru service for a hassle-free experience.

Easy Access and Nearby Landmarks

Situated right in the heart of Lapeer County, our branch is close to popular landmarks that make us easy to find. You can drop by after visiting the nearby Lapeer City Park or while running errands in the downtown area. We also offer ample parking spaces for our members, ensuring that your visit is as smooth as possible.

Operating Hours That Fit Your Schedule

We understand that life can get busy! That's why we offer flexible operating hours: we're open from 9:30 AM to 5:30 PM Monday through Thursday and extend our hours until 6:00 PM on Fridays. Whether you need to stop by during lunch or after work, we're ready to serve you.

Services Tailored Just For You

Elga offers a wide range of services including personal banking options like checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and much more. Plus, our ATM is available for quick cash withdrawals and balance checks at any time! While members can visit us at 799 S Harrison St, official correspondence should be sent to the same address as well. For any questions or assistance, feel free to call us at 810-715-3542. We look forward to welcoming you soon and helping you achieve your financial goals!

Member Eligibility

At Elga, we believe that becoming a member is like joining a family where everyone supports each other's financial goals. If you're looking to enjoy the many benefits of membership, the good news is that eligibility is straightforward! To qualify for membership at our branch, you should be a resident of the communities we serve or affiliated with certain employers or organizations within our network. It's all about fostering connections and making financial services accessible to those around us. You can find more detailed information about the specific eligibility requirements on our website at http://www.elgacu.com/bank/become-a-member/. Once you determine your eligibility, opening an account with us is easy! Just visit our online registration page at https://elgacu.financialhost.org/registration, or feel free to give us a call at (810) 715-3542 if you have any questions or need assistance. We're located at 799 S Harrison St Lapeer Mi 48446, and we'd love to welcome you into our community where your financial well-being is our top priority!

Business Banking & Commercial Services

Financing Options

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, our merchant services simplify payment processing for your business. Whether you're running a retail shop or an online service, we provide tools that make transactions easy and secure. This means you can focus more on serving your customers and less on managing payments. Located at 799 S Harrison St Lapeer Mi 48446 in Lapeer, MI, we are here to support your business needs. Reach out today at (810) 715-3542 to learn how we can partner in your success!

Comprehensive List Of Services

A Commitment to Accessibility

We strive to make banking as accessible as possible for all our members. With basic ATM access for withdrawals and balance checks, along with friendly staff ready to assist you in person or over the phone during our lobby hours Monday through Thursday from 9:30 AM to 5:30 PM and Friday until 6 PM we are here when you need us. If you're ready to experience comprehensive financial services tailored just for you, visit us at Elga today or check out our website at https://www.elgacu.com/ for more information about how we can help meet your financial goals. Don't forget becoming a member is just a click away at https://elgacu.financialhost.org/registration!

Business Banking Support

For business owners, we know that having reliable financial support is crucial. At Elga, we offer business banking services that include merchant services and business loans, allowing you to focus on what matters most growing your business. Our team understands the unique challenges faced by small businesses and is here to guide you through every step.

Credit Cards That Reward You

With our credit cards featuring rewards, every purchase becomes an opportunity to earn something back. It's like getting rewarded for living your life! Enjoy the flexibility and convenience of having a credit card that fits your spending habits while also benefiting from cash back or points redeemable for exciting rewards.

Embracing Digital Banking

In today's fast-paced world, convenience is key. That's why we have embraced online and mobile banking features that allow you to manage your accounts anytime, anywhere. With easy access to ATM and cash withdrawal services, as well as person-to-person payment options, banking has never been more accessible. Our basic drive-thru banking ensures quick deposits, withdrawals, and simple transactions without having to leave your car.

Personal Banking Made Easy

We understand that managing your finances can be overwhelming, which is why we offer personal banking services designed to simplify your life. Whether you're looking to open a new checking or savings account, or need help with auto loans and vehicle financing, we've got you covered. Our mortgage loans and refinancing options ensure you can secure the home of your dreams without unnecessary stress. If you're facing challenges with debt, our personal loans and debt consolidation services provide viable solutions tailored for your situation.

Digital & Online Banking

Accessibility and Ease-of-Use

Whether you're using our mobile payments feature or accessing your accounts through our website, everything is designed with you in mind. The intuitive interface makes it easy for everyone, whether you're tech-savvy or just getting started with online banking. At Elga, we believe that banking should be hassle-free and accessible whenever you need it. Enjoy real-time account management and experience the freedom that comes with having complete control over your finances. Visit us online today at https://www.elgacu.com/ and take advantage of all our digital banking services!

Key Features

With 24/7 online banking services, you can check your account balance, transfer money, and pay bills from the comfort of your home or on the go. Our mobile application makes it even simpler to manage your accounts right from your smartphone. Plus, with features like person-to-person transfers, sending money to friends and family is a breeze. Security is always a top priority for us. We use electronic signature authorization, ensuring that your transactions are safe and secure. You can also choose to receive e-statements, which not only helps you keep track of your finances but also reduces paper waste a win-win!

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 our financial strength with you, which reflects our commitment to providing reliable banking services in the community. 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 foundation is crucial as it gives us the flexibility to support your financial needs effectively. Our net worth ratio of $2,587 demonstrates a solid capital base, ensuring 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. 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, our lending capacity supports your financial goals with $25,661 in used auto loans and $1,202,515,854 in total loans and leases. Our operational efficiency is reflected in our net income of $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, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $917,123. Total Share and Deposit Accounts: 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 799 S Harrison St Lapeer Mi 48446 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. Whether you're looking for financing for a brand-new model or a reliable used vehicle, we've got options tailored just for you.

Business Financing

For business owners, our outstanding commercial loans totaling $149,592,376 provide the capital needed to grow and expand your operations. We understand that every business has unique needs, and we're here to support you. If you're interested in refinancing any existing loans or want to know more about eligibility options, feel free to reach out. We're here to help navigate through all available choices for your financial situation. For inquiries or assistance regarding our loan offerings, contact us at (810) 715-3542 or visit us at our branch located at 799 S Harrison St Lapeer Mi 48446 in Lapeer, MI. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step toward achieving your financial aspirations!

Credit Lines and Personal Loans

For those who need flexibility in managing finances, our credit lines amounting to $263,127,345 are perfect for unexpected expenses or planned purchases. Additionally, if you're considering consolidating debt or making a significant purchase, our personal loan options can be customized to meet your specific requirements.

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 provide clear terms and competitive rates to guide you through the process smoothly.

Unsecured 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. Enjoy rewards and benefits while keeping your spending under control.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers come from recognized financial institutions, ensuring full transparency in what is presented. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results that truly reflect the best options available. - Real-Time Rate Comparisons: Users benefit from up-to-date loan rates from multiple institutions, which helps in making well-informed financial choices. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback showcases how effective LendMesh can be in helping individuals navigate the often complex world of loans. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

Ensuring Accurate Loan 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 strict adherence to regulatory guidelines ensures that users receive fair and transparent offers. Each loan comparison is backed by verified data, so you can trust that you are looking at legitimate offers.

Elga