Elga Credit Union Lapeer MI | Low Mortgage Rates & Quick Auto Loans

Introduction

Welcome to Elga, your trusted partner in financial success! Located at 799 S Harrison St, Lapeer, MI 48446, our credit union has been serving the community since 1968. With a commitment to fostering growth and financial well-being, we proudly support over 98,406 members with a wide range of services tailored to meet their needs. At Elga, we understand that financial decisions can be overwhelming. That's why we're here to simplify the process and offer personalized solutions. Our total assets of $1,549,071,974 allow us to provide robust services, including auto loans, mortgages, and personal banking options. We currently hold $138,889,113 in deposits and have issued over 93,371 loans to help our members achieve their dreams. While you can visit us at our physical location for all your banking needs, we also facilitate official correspondence at the same address: 799 S Harrison St, Lapeer, MI 48446. You can reach us at 810-715-3542, where our friendly staff is ready to assist you from 9:30 AM to 5:30 PM on weekdays and from 10 AM to 1 PM on Saturdays. Led by our dedicated CEO, Terry Katzur, and Board President, Harold Mott, we prioritize community engagement and member satisfaction. Our team of over 306 employees works diligently to ensure that you receive the best service possible. Discover how Elga can empower you financially! Visit our website at Elga Credit Union or give us a call today. Your journey towards smarter financial choices starts here!

Branch History & Mission

Commitment to Innovation

As part of our dedication to serving you better, Elga embraces digital advancements while ensuring compliance with ADA standards for accessibility. We offer features like mobile payments, online banking, and e-statements that make managing your finances easy and convenient. For your ease, we also have an ATM on-site as well as drive-thru banking services available for quick transactions. While you can visit us at 799 S Harrison St, please note that official correspondence should be sent to 799 Harrison St, Lapeer, MI 48446 if different from our branch address.

Join Us!

We invite you to become a part of the Elga family! Experience firsthand the benefits of membership from competitive rates on loans and deposits to personalized service from a team that genuinely cares about your financial future. Reach out today by calling us at 810-715-3542 or visit us online at Elga's website for more information about how you can join or access your account easily through this link. Let's build a brighter future together!

Our Mission

At Elga, our mission is simple yet profound: to enhance the financial well-being of our members and foster a sense of community. We strive to offer a wide range of services tailored to meet the diverse needs of everyone we serve from personal banking options like checking and savings accounts, auto loans, and mortgages to business banking solutions that help local enterprises thrive. We understand that financial literacy is essential for success. That's why we provide resources and guidance to help our members make informed decisions about their finances. By offering online and mobile banking options along with face-to-face support during our operating hours Monday through Friday from 9:30 AM to 5:30 PM and Saturday from 10 AM to 1 PM we ensure that assistance is always within reach.

Our Story

From the very beginning, Elga was established with a clear purpose: to empower individuals and families within our community through accessible financial solutions. Over the decades, we have evolved significantly, embracing new technologies while maintaining our core values of trust and support. Our headquarters in Grand Blanc, MI, reflects our commitment to stability and growth as we continue to expand our reach. Elga has always prioritized building strong relationships with our members. We are proud of our history of community involvement and outreach programs that aim to uplift those around us. Whether it's sponsoring local events or partnering with organizations to provide educational resources, we believe in giving back.

Branch Location & Accessibility

Additional Information

While you can visit us at 799 S Harrison St for all your banking needs, please note that any official correspondence should be sent to the same address as our mailing address: 799 Harrison St, Lapeer, MI 48446. If you have any questions or need assistance, don't hesitate to give us a call at 810-715-3542. Our dedicated team is ready to help! Come see us today and experience firsthand the exceptional service that Elga has to offer!

Convenient Access

At Elga, we understand that accessibility is important. Our branch is designed with features that accommodate everyone, including ADA-compliant ramps and ample parking. Whether you're visiting us for a quick transaction or a more detailed financial consultation, you'll find our facilities comfortable and easy to navigate.

Drive-Thru & ATM Services

For added convenience, we have a drive-thru service available for quick transactions such as deposits and withdrawals. Plus, with our ATM services right outside the branch, accessing cash is easier than ever no need to step inside if you're in a hurry!

Operating Hours

We want to be there when you need us! Our doors are open from 9:30 AM to 5:30 PM on weekdays and from 10 AM to 1 PM on Saturdays. This means you can stop by after work or on the weekend without any hassle. If you prefer to get things done from the comfort of your home, remember that we also offer online and mobile banking options!

Member Eligibility

Becoming a member of Elga is like joining a family where your financial well-being is the top priority. If you live, work, worship, or attend school in Lapeer County, you're already eligible to become a part of our community. We believe that everyone deserves access to quality financial services, and at Elga, we strive to offer just that. Membership opens the door to a range of benefits including lower loan rates, higher savings yields, and personalized service from our dedicated team. Getting started is simple! You can learn more about the eligibility requirements by visiting this link. When you're ready to open an account, just head over to this page or give us a call at (810) 715-3542 for assistance. We're here to support you every step of the way at our branch located at 799 S Harrison St Lapeer Mi 48446!

Business Banking & Commercial Services

Commercial Loans That Fuel Growth

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 for Everyday Needs

Running a business means keeping up with customer demands while managing cash flow. Our merchant services simplify transactions, allowing you to accept payments seamlessly. Imagine serving your customers at a busy farmers' market or during a rush hour at your café our tools make it easy to handle credit card payments quickly and securely. Visit us at 799 S Harrison St Lapeer Mi 48446 in Lapeer, MI or give us a call at (810) 715-3542 to learn how we can assist you in achieving your business goals. Join the many satisfied businesses that trust Elga for their banking needs!

Comprehensive List Of Services

Accessing Your Funds

We understand the importance of easy access to your funds. Our branch is equipped with an ATM for quick cash withdrawals and balance checks. Additionally, our Drive-Thru Banking provides basic services like deposits and withdrawals without needing to leave your car. No matter what banking service you need, Elga is here for you every step of the way. If you have questions or want more information about any of our services, don't hesitate to give us a call at (810) 715-3542 or visit us online at Vital Records. Join us today and experience the difference in personalized service!

Business Banking

If you're a business owner, our Business Banking services are tailored just for you. From merchant services that streamline transactions to business loans that fuel growth, we're here to support your entrepreneurial journey.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking options that let you manage your finances anytime, anywhere. With features like mobile payments and person-to-person transfers, staying on top of your money has never been easier.

Home Financing Solutions

Are you thinking about buying a home? With our Mortgage Loans & Refinancing, you can explore options that fit your budget and lifestyle. Whether you're a first-time homebuyer or looking to refinance your existing mortgage for better terms, we provide guidance every step of the way.

Personal Banking

For those looking to manage their day-to-day finances, our Personal Banking services include checking and savings accounts designed to fit various lifestyles. Whether you need an account for everyday expenses or a place to save for the future, we've got options that suit your needs. If you're considering purchasing a vehicle, our Auto Loans & Vehicle Financing make it easy to get behind the wheel without breaking the bank. We offer competitive rates and flexible terms to help you drive away happy.

Personal Lending

Sometimes life throws unexpected expenses your way, and that's where our Personal Loans & Debt Consolidation come into play. We offer straightforward solutions that can help relieve financial stress and simplify your payments. Plus, if you're looking for a credit card with perks, our Credit Cards with Rewards allow you to earn while you spend.

Digital & Online Banking

At Elga, we understand that your banking needs don't stop when you leave our branch. That's why we offer a range of digital and online banking services designed to provide convenience and security at your fingertips. Whether you're managing your accounts from home or on the go, we've got you covered with easy-to-use tools available 24/7. Our online banking platform is accessible through https://www.elgacu.com/, where you can check balances, pay bills, and transfer funds whenever it suits you. With just a few clicks, you can manage your finances without the hassle of traditional banking hours. Plus, our mobile application makes it even easier to bank on the go, allowing you to complete transactions right from your smartphone or tablet. For those who prefer going paperless, we offer e-statements, giving you secure access to your account statements without cluttering your mailbox. You can also take advantage of our electronic signature authorization, which simplifies the process of signing documents online no more printing or mailing necessary. If you're looking to send money quickly to family or friends, our person-to-person transfer service allows for instant transfers with ease. And if you're out shopping, you'll appreciate our mobile payments feature, letting you make purchases directly from your mobile device securely. At Elga, we prioritize your security while ensuring that managing your finances is as straightforward as possible. Enjoy peace of mind knowing that all transactions are protected with top-notch security measures. Join us today and discover how our digital banking services can enhance your financial experience!

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 understand that in today's world, trust in your financial institution is paramount. That's why we're proud to share our robust financial standing with you. 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. 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 your financial well-being is reflected in our $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. 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. Our operational efficiency is evident as we report a 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 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. We provide flexible terms to suit various budgets and lifestyles, making it easier for you to drive away with confidence.

Business Loans

For business owners, our outstanding commercial loans totaling $149,592,376 provide the capital needed to grow and expand. We recognize that every business is different, which is why our lending solutions can be tailored to meet your specific needs.

Eligibility and Refinancing Options

If you're considering refinancing any existing loans or checking eligibility for our products, we encourage you to reach out. Our experienced staff at Elga will work with you to find solutions that best match your situation. You can visit us at our branch located at 799 S Harrison St Lapeer Mi 48446, Lapeer, MI, or call us directly at (810) 715-3542 for more information. Let us help you take the next step toward achieving your financial dreams!

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. Our team is here to guide you through each step of the process so that you can find the perfect fit for your family.

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. These cards come with competitive interest rates and rewards programs designed to give you more value for your everyday spending.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. LendMesh ensures accurate loan comparisons by sourcing data 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 approach guarantees that users receive fair and transparent offers without hidden terms. One of the key benefits of using LendMesh is its commitment to Verified Data. All loan offers are sourced from legitimate financial institutions, ensuring transparency in the options presented to users. Additionally, LendMesh stands out because there are No Sponsored Listings; lenders are not prioritized based on paid promotions. The goal is to provide unbiased results that help users make informed choices. With Real-Time Rate Comparisons, LendMesh updates loan rates from multiple institutions continuously. This feature enables users to see current offers and choose the best one for their needs effectively. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" 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.

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