Lake Michigan Credit Union Sarasota FL | Low Mortgage Rates & Rewards Cards

Introduction

Welcome to Lake Michigan, your trusted partner in financial well-being, located at 1790 Main St, Sarasota, FL 34236. Since our establishment in 1933, we have proudly served our community with a commitment to helping our members thrive. With a robust membership of 496,820, we're more than just a credit union; we are a family dedicated to supporting you in all your financial endeavors. At Lake Michigan, we understand that every member has unique needs. That's why we offer a wide range of services including checking and savings accounts, auto loans, mortgage refinancing, personal loans, and business banking solutions. With total assets exceeding $14.38 billion and total deposits reaching $1.22 billion, our strong financial foundation ensures that you can trust us with your money. Our leadership team, led by CEO Julie Leonard and Board President Gretchen Tellman, is passionate about providing exceptional service and fostering community engagement. We believe in transparency and dedication values that are reflected in our impressive net worth of $1.64 billion and cash reserves of $72.51 million. While members can visit us at our Sarasota branch for face-to-face assistance, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. If you're looking for a reliable credit union that prioritizes your financial success, look no further! Feel free to reach out to us at (616) 242-9790 or explore more about what we offer on our website at lmcu.org. Join us today and experience the difference that comes from being part of Lake Michigan!

Branch History & Mission

Join Us!

As we continue to grow and adapt to your needs, we invite you to experience the benefits of being part of Lake Michigan. Whether you are looking for personal loans or business banking solutions, our team is here to guide you every step of the way. Together, let's build a stronger community. For any questions or more information about becoming a member, feel free to call us at 616-242-9790 or visit our website at http://www.lmcu.org. Join us today and discover how Lake Michigan can make a difference in your financial journey!

Our Journey

From humble beginnings, Lake Michigan has grown alongside its members. We started with the goal of providing affordable financial solutions to those who needed it most. Over the decades, we've expanded our services to meet the evolving needs of our community. Today, we offer personal banking options like checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards. Our commitment to serving both individuals and businesses is reflected in our comprehensive suite of banking services. While members can visit us at 1790 Main St Sarasota FL 34236 for their banking needs, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if necessary.

Our Mission

At Lake Michigan, our mission is simple yet profound: to empower our members with accessible financial resources while fostering a sense of community. We believe that by providing exceptional service and innovative solutions such as online and mobile banking we can help individuals achieve their financial goals. Our dedication goes beyond transactions; we actively participate in community outreach efforts that strengthen local ties and support those in need. We understand the importance of accessibility. That's why we ensure ADA compliance across all platforms and strive to create an inclusive environment for every member. With ATM availability at our branch and no drive-thru services currently offered, we focus on delivering personalized experiences within our lobby hours from Monday through Friday.

Branch Location & Accessibility

Convenient Access and Surroundings

Situated near popular local landmarks, our branch is not only easy to find but also surrounded by various shops and eateries, perfect for a quick visit during your day. Whether you're dropping by for personal banking or exploring options for auto loans, you'll appreciate our inviting atmosphere. Parking is readily available, ensuring that you can access our services without any hassle. Plus, we prioritize accessibility with ADA-compliant features such as ramps, so everyone can enjoy a smooth visit.

Operating Hours That Suit Your Schedule

At Lake Michigan, we understand that your time is valuable. That's why we offer convenient operating hours: Monday through Thursday from 9:00 AM to 5:30 PM and Friday from 9:00 AM to 6:00 PM. This gives you ample opportunity to come in and speak with one of our knowledgeable team members about your financial goals.

Reach Out Today!

We invite you to come visit us at Lake Michigan! If you have any questions or need assistance before stopping by, feel free to give us a call at (616) 242-9790. Our friendly staff is eager to assist you with whatever you may need. Discover how we can help you achieve your financial dreams today!

Services Tailored for You

Our branch provides a comprehensive range of services designed to meet all your banking needs. From checking and savings accounts to auto loans and mortgage financing, we're here to help you every step of the way. We also offer online and mobile banking options, allowing you to manage your finances on the go. Need cash? Our ATM is available for quick withdrawals or balance checks whenever you need it. While members can visit us at 1790 Main St, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if that's necessary.

Member Eligibility

At Lake Michigan, we believe that becoming a member is like joining a family that genuinely cares about your financial well-being. To be part of our community, you'll find that eligibility is straightforward and welcoming. Whether you're a resident of our service area or have family members already with us, you can easily join in on the benefits we offer. Our members enjoy personalized services tailored to their needs, including competitive rates on loans and savings accounts, as well as access to convenient banking options. To learn more about the specific eligibility criteria and ensure you qualify, feel free to check out the details at . We are here to support you every step of the way. If you're ready to open an account or have any questions, don't hesitate to reach out by calling us at (616) 242-9790. Our branch is located at 1790 Main St Sarasota Fl 34236, and we look forward to welcoming you into the Lake Michigan family!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1,454 in commercial loans for our members, helping businesses scale and succeed. This means real opportunities for you whether it's purchasing new equipment, hiring staff, or even renovating your space. - With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer merchant services designed to make daily operations easier. Imagine being able to accept payments quickly and securely, whether online or in-store. Our solutions help streamline transactions so you can focus on what really matters growing your business. Join us at Lake Michigan, located at 1790 Main St Sarasota Fl 34236, Sarasota, FL. Let's work together to unlock the full potential of your business!

Comprehensive List Of Services

Business Banking Services

For business owners, we offer comprehensive solutions through our business banking services. From merchant services that simplify transactions to business loans that help fund growth, we're here to support your entrepreneurial journey every step of the way.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why at Lake Michigan, we provide robust online and mobile banking features. You can manage your accounts anytime, anywhere using our mobile app or website. Enjoy easy access to ATM services for cash withdrawals and balance checks without hassle. Our digital platforms also include features like person-to-person payments, making it simple to send money to friends and family with just a few taps on your phone.

Personal Banking Solutions

We understand that managing your money is important. That's why our personal banking options include checking and savings accounts designed for everyday use. Need a new car? Our auto loans and vehicle financing can get you on the road with favorable terms and competitive rates. If you're thinking about buying a home or refinancing your existing mortgage, our mortgage loans are crafted to fit various budgets and lifestyles. When unexpected expenses arise, our personal loans can provide the support you need for debt consolidation or other financial needs, allowing you to regain control of your finances without stress. Plus, don't forget about our credit cards with rewards, which offer benefits that can make spending more rewarding.

Visit Us Today!

If you're ready to explore how we can help you with your financial journey, give us a call at (616) 242-9790 or stop by our branch in Sarasota. Our friendly staff is eager to assist you with all your banking needs. At Lake Michigan, we're not just a credit union; we're your partner in building a brighter financial future!

Digital & Online Banking

Accessibility Anytime

In today's fast-paced world, having access to your financial information whenever you need it is crucial. That's why we've created an online banking experience that keeps you in control of your money. From checking balances to making payments and setting up mobile payments, everything is designed for ease and accessibility. At Lake Michigan, we believe that managing your finances should be as straightforward as possible. Explore all these features and more by visiting us at http://www.lmcu.org today!

Key Features

With our 24/7 online banking services, you can check your balance, pay bills, and transfer money with just a few clicks. Our mobile application offers the same features right at your fingertips. Need to send money to a friend? Our person-to-person transfers make it easy to split bills or send gifts instantly. And if you're someone who loves going paperless, you can opt for e-statements, which are not only eco-friendly but also help you keep track of your finances more efficiently.

Security and Ease of Use

We prioritize your security. With electronic signature authorization, signing documents has never been safer or easier. You can complete transactions without the hassle of printing or mailing forms, giving you peace of mind while handling your banking needs online. Plus, our platform is user-friendly, ensuring that everyone can navigate their accounts effortlessly.

Financial Strength

A Growing Community

Total Share and Deposit Accounts stand at 1,286,000, showing a strong and growing member base that trusts us with their finances. With Net Shares available for lending and investments at $119,129,434, we have the resources necessary to meet your needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Lake Michigan is your trusted partner. Visit us at 1790 Main St Sarasota Fl 34236 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

With $1,594,899,679 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to investing back into our credit union helps us adapt to your changing needs.

Member-Centric Savings

Members' savings are secured through $3,248,737,890 in share certificates and $4,023,291,048 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $42,879, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Our Solid Financial Foundation

With a net worth of $1,637,578,402, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This net worth reflects our ability to withstand economic fluctuations while continuing to provide exceptional value to our members. Our net worth ratio of $1,136 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This means your money is safe with us.

Supporting Your Financial Goals

Our lending capacity supports members' financial goals across various sectors with $56,155 in used auto loans and $11,981,389,651 in total loans and leases. This broad range of lending options ensures that whether you're looking for an auto loan or financing for your next big purchase, we have you covered. Our operational efficiency is reflected in our $0, allowing us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 1,576 full-time employees and 102 part-time employees ready to assist you with knowledgeable service.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We currently have over $838,829,803 in used vehicle loans and $175,403,814 in new vehicle loans already helping members get on the road. Whether you're looking for a reliable used car or a brand-new model, our financing options make it easier to drive away in the vehicle you want.

Business Financing

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to enhance your existing business operations, our commercial loan specialists are ready to assist you.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $716,130,857, make buying or refinancing simple. We provide personalized guidance through every step of the mortgage process so you can focus on what matters most making your house a home.

Refinancing Options

If you're considering refinancing any of your existing loans be it for an auto loan or mortgage we have options available that could help lower your payments and improve your financial situation. It's worth exploring how refinancing can benefit you. Feel free to reach out to us at 616-242-9790 for any questions or assistance regarding our loan offerings. Our team is dedicated to helping you find the right financial solutions tailored just for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Located at 1790 Main St Sarasota Fl 34236, we're proud to serve our community with reliable banking solutions that empower individuals and families alike. Visit us today!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $200,170,787 in loans helping members manage their finances effectively. Our credit cards come with various benefits designed to fit your lifestyle while providing you with the purchasing power you need.

Loan Aggregator

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How LendMesh Ensures 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 commitment to sourcing ensures that users receive fair and transparent offers, free from hidden fees or misleading terms.

Lake Michigan