Lafcu Owosso MI Credit Union | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Lafcu, your trusted financial partner in the heart of Owosso, MI! Nestled at 1720 W M 21, we have been serving our community since 1936. With a commitment to member satisfaction and community growth, we proudly support over 74,000 members with a robust network of services designed just for you. At Lafcu, we're more than just a credit union; we're a community-focused institution with total assets exceeding $1.12 billion. We understand the importance of financial stability, which is why our members benefit from more than $142 million in deposits and over 52,000 loans tailored to meet diverse needs from personal banking to business financing. Under the leadership of our dedicated CEO, Patrick Spyke, and Board President, Randall Freeman, our team of 165 employees is here to provide personalized service that fits your lifestyle. Whether you're looking for checking and savings accounts, auto loans, or mortgage options, we have solutions crafted just for you. While members can visit us at our Owosso branch address for their banking needs, official correspondence should be sent to our mailing address: Po Box 26188, Lansing, MI 48909-6188. Our doors are open Monday through Friday from 9:00 AM to 5:30 PM and Saturday from 9:00 AM to 12:00 Noon come see us! With a net worth of over $233 million, you can trust that your finances are in safe hands. If you have any questions or need assistance, feel free to call us at 989-725-7158. Join us today and experience the difference that comes with being part of the Lafcu family! Explore more about our services on our website at www.lafcu.com.

Branch History & Mission

A Legacy of Service

Since opening our doors, Lafcu has remained committed to serving the financial needs of our community. We believe in building strong relationships with our members, which is why we've expanded our services over the years. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we strive to offer solutions that meet the diverse needs of our community. Our headquarters in Lansing, MI has guided us through milestones that have shaped our mission: to provide accessible financial services while giving back to the community we serve. We take pride in being more than just a financial institution; we aim to be a trusted partner in your journey towards financial success.

Community Focus

We understand that strong communities build strong futures. That's why Lafcu partners with local organizations and initiatives aimed at enhancing community welfare and providing educational resources. Through various programs, we help foster financial literacy and empower members to make informed decisions about their finances. While you can visit us at 1720 W M 21, please note that official correspondence should be sent to P.O. Box 26188, Lansing, MI 48909-6188 if different from your branch address.

Join Us Today!

At Lafcu, we're proud of our history and excited for what lies ahead. If you're looking for a credit union that values its members as much as its mission, look no further! Join us today and experience firsthand the benefits of being part of a community-focused institution dedicated to helping you thrive financially. For more information or assistance, feel free to call us at 989-725-7158 during our operating hours: Monday through Friday from 9:00 AM to 5:30 PM, and Saturday from 9:00 AM to 12:00 Noon. We look forward to welcoming you into the Lafcu family!

Our Mission

At Lafcu, our mission is clear: we are dedicated to empowering individuals and families through sound financial practices and education. We focus on providing personalized service that puts you first, ensuring you feel valued and supported every step of the way. Our commitment extends beyond banking; we actively engage in community outreach initiatives that make a real difference in the lives of those around us. As part of our dedication to innovation and accessibility, we offer a range of digital services including online banking and mobile payments. Whether you're visiting us at our branch or accessing your account from home, we prioritize your experience with user-friendly tools designed for your convenience.

Branch Location & Accessibility

Contact Us Today!

For any inquiries or assistance, feel free to call us at 989-725-7158. While members can visit us at our Owosso branch for all their banking needs, official correspondence should be sent to our mailing address at P.O. Box 26188, Lansing, MI 48909-6188. We invite you to stop by Lafcu in Owosso today! Experience personalized service in a welcoming environment where we prioritize your financial well-being.

Convenient Access and Amenities

When you visit us, you'll find ample parking available right outside our doors. The branch is fully accessible, featuring ADA-compliant ramps and entrances to ensure everyone can enjoy our services without any hassle. We understand that your time is valuable, which is why we offer both drive-thru banking and ATM access for quick transactions like deposits, withdrawals, and balance checks.

Friendly Operating Hours

Our dedicated team is here for you during convenient hours: Monday through Friday from 9:00 AM to 5:30 PM, and on Saturdays from 9:00 AM until noon for drive-thru services. Whether you need assistance with personal banking, auto loans, or business financing, our staff is ready to help you every step of the way.

Member Eligibility

At Lafcu, we believe that everyone deserves to be part of a caring community that supports their financial journey. If you're looking to join us, becoming a member is easier than you might think! We welcome individuals who live, work, or worship in our service areas, and those with family members already part of our credit union. This means whether you're just starting out or looking to enhance your financial well-being, there's a place for you here. Joining Lafcu not only opens the door to fantastic banking services like personal and auto loans, but it also connects you to a network that prioritizes your needs and goals. To learn more about the specific eligibility requirements, feel free to check out this resource. When you're ready to take the next step towards membership, opening an account is simple just visit this link or give us a call at (989) 725-7158. We can't wait to welcome you into our community at 1720 W M 21 Owosso Mi 48867!

Business Banking & Commercial Services

Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $154 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $269 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $21,894,233, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer merchant services designed to streamline your operations. Imagine easily accepting payments from your customers, whether they're paying with credit cards or mobile wallets. Our services help you focus on what matters most running your business while we take care of the financial transactions. Visit us at 1720 W M 21 Owosso Mi 48867 in Owosso, MI or call us at (989) 725-7158 to learn more about how our business banking and commercial services can support your goals. Your success is our mission!

Comprehensive List Of Services

Accessibility and Support

At Lafcu, we pride ourselves on being accessible to all members. Our drive-thru service makes banking simple and efficient without leaving your vehicle. With basic ATM access available for balance checks and withdrawals, you'll always have financial support at your fingertips. To learn more about how we can assist you with any of these services or if you have questions regarding eligibility or account openings, feel free to reach out! Give us a call at (989) 725-7158 or visit us online at Owosso. We're excited to help you navigate your financial journey!

Business Banking

For business owners, we provide robust solutions including Merchant Services & Business Loans that cater specifically to your operational needs. Let us support your venture with financial products designed for growth and stability.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we offer comprehensive Online & Mobile Banking options so you can manage your accounts from anywhere. Need cash? Our ATM & Cash Withdrawal Services ensure you have easy access when you need it most. Plus, if you prefer face-to-face interactions, our Basic Drive-Thru Banking offers quick service for deposits, withdrawals, and simple transactions.

Personal Banking

We understand that managing personal finances can be challenging. That's why we offer various Checking & Savings Accounts designed to fit your lifestyle. Need a little extra cash for that dream car? Our Auto Loans & Vehicle Financing make it easy to get on the road without breaking the bank. For those planning to buy a home or refinance an existing mortgage, our Mortgage Loans & Refinancing options are here to assist you every step of the way. If you're feeling overwhelmed by debt, consider our Personal Loans & Debt Consolidation services, which can help simplify your payments and reduce your stress. Don't forget about our rewarding Credit Cards with Rewards, giving you perks just for spending.

Digital & Online Banking

Convenience at Your Fingertips

Our services like Mobile Payments enable you to make quick purchases directly from your device. Imagine not having to dig through your wallet for cash or cards just a simple tap, and you're done! At Lafcu, we're dedicated to providing accessible banking solutions that fit into your lifestyle. With real-time account management and user-friendly features, you'll find that banking has never been easier. Join us today and experience the convenience of modern banking!

Key Features

With our 24/7 Online Banking Services, you can check balances, transfer funds, and pay bills whenever it suits you. Plus, our Mobile Application makes banking even easier. You can manage your accounts right from your smartphone, giving you control at your fingertips. Need to send money quickly? Our Person-to-Person Transfers feature allows you to send money to friends or family with just a few taps. And if you're looking for a greener option, you can sign up for E-Statements, which provide an easy way to keep track of your finances without the clutter of paper statements. Security is paramount at Lafcu. We use advanced technology to protect your information and ensure that all transactions are safe. You can also take advantage of our Electronic Signature Authorization, allowing you to sign documents securely online.

Financial Strength

A Team You Can Trust

We also take pride in having 150 full-time employees and 15 part-time employees who are always ready to serve you with a knowledgeable, committed team. Together, we ensure that every visit to Lafcu is met with friendly faces ready to assist you.

Commitment to Reinvestment

With $223,970,523 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This commitment reflects our dedication to creating a robust banking experience tailored for your needs.

Growing Together

With total share accounts reaching 141,099, our strong and growing member base shows that more people trust us with their finances every day. This community aspect strengthens our ability to offer competitive products and services while maintaining low costs for all members. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Lafcu is your trusted partner. Visit us at 1720 W M 21 Owosso Mi 48867 or call (989) 725-7158 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $297,176,269 in share certificates and $164,745,557 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Foundation

With a net worth of $233,029,516, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $2,071 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Supporting Your Goals

Our lending capacity supports members' financial goals across various sectors with $22,213 in used auto loans and $793,253,010 in total loans and leases. This means we're here to help you achieve your dreams whether it's buying a new car or funding personal projects.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $370,303,566 in used vehicle loans and $82,613,550 in new vehicle loans already helping members get on the road. We offer flexible terms and competitive rates on both new and used vehicle loans to make your purchase as affordable as possible.

Credit Lines and Unsecured Credit Cards

Managing finances can be challenging at times. That's why we also offer flexible terms on unsecured credit card loans, with a total of $33,320,605 in loans helping members manage their finances effectively. Additionally, our total credit lines amount to $161,709,685, providing you with even more options for financial flexibility.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $22,847,159, make buying or refinancing simple. We provide guidance throughout the process to ensure you feel confident in your decision.

Refinancing Options

If you're considering refinancing any existing loans or mortgages to take advantage of lower rates or better terms, we can assist with that too! Our team is here to help you understand your eligibility options so you can make informed decisions. Whether you're interested in an auto loan or looking into mortgage financing at our branch located at 1720 W M 21 Owosso MI 48867, we're committed to providing personalized service tailored to meet your individual needs. Feel free to reach out to us at 989-725-7158 for more information. 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 navigate your financial journey with confidence!

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