Lake Michigan Credit Union Ann Arbor MI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Lake Michigan, your trusted partner for financial success in the heart of Ann Arbor, MI. Located at 3201 S State St, our branch has been serving the community since 1933. With a strong commitment to our members, we take pride in being more than just a credit union; we're a supportive community dedicated to your financial well-being. At Lake Michigan, we understand that every member has unique needs. That's why we offer a wide range of services, including personal banking, auto loans, mortgage financing, and business banking solutions. With over 496,820 members and total assets reaching an impressive $14,380,227,851, we are well-equipped to help you achieve your financial goals. Our leadership team is passionate about providing excellent service. Under the guidance of CEO Julie Leonard and Board President Gretchen Tellman, our dedicated staff of 1,678 employees is here to assist you with everything from everyday banking needs to complex financial decisions. We maintain a healthy net worth of $1,637,578,402 and have total deposits amounting to $1,216,867,746, ensuring that your money is safe and secure with us. While members can visit us at our Ann Arbor branch for face-to-face assistance and transactions through our drive-thru service or ATM, official correspondence should be directed to our mailing address: PO Box 2848, Grand Rapids, MI 49501. Join us today at Lake Michigan for personalized service that puts you first. Whether you want to open an account or inquire about loans and other services, don't hesitate to call us at 734-887-2787 or visit our website at www.lmcu.org. Let's work together towards a brighter financial future!

Branch History & Mission

A Call to Action

Join us at Lake Michigan! Experience the benefits of being part of a community-focused credit union that truly cares about your financial well-being. Whether you're looking for checking accounts, auto loans, mortgages, or business services we're here to help you achieve your goals. Visit us today or call us at 734-887-2787 to learn more about how we can serve you better. Together, let's build a brighter future for you and our community!

Our Evolution

From our humble beginnings, Lake Michigan has evolved significantly. We started with the vision of providing affordable financial solutions and fostering community growth. Over the years, we've expanded our services and resources. Today, with total assets reaching an impressive $14,380,227,851, we offer a wide range of personal and business banking solutions tailored to meet diverse needs. As we continue to grow, our commitment remains clear: we are here for our members. We understand the importance of convenience and accessibility in banking. That's why we provide services such as ATM access and drive-thru banking options for those on the go.

Our Mission

At Lake Michigan, our mission goes beyond just providing financial services; it's about building strong communities and empowering members. We strive to support local initiatives and partnerships that enhance the quality of life in Ann Arbor and surrounding areas. Our focus is on offering personalized service while ensuring that every member feels valued and supported. We believe in using innovative digital solutions to simplify banking experiences for everyone. With online and mobile banking options available, members can manage their accounts anytime and anywhere making finances easier than ever before.

Branch Location & Accessibility

Connect With Us

While members can visit us at 3201 S State St, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. If you have any questions or need assistance, don't hesitate to give us a call at 734-887-2787. We invite you to drop by and discover how Lake Michigan Credit Union can help enhance your banking experience today!

Easy Access and Amenities

Our Ann Arbor location offers ample parking spaces for your convenience, along with ADA-compliant features to ensure that everyone can access our services easily. Whether you prefer visiting us in person or utilizing our drive-thru banking options, we've got you covered. The drive-thru allows for quick and easy transactions, whether you're making deposits or withdrawals without leaving your car.

Operating Hours and Services

We know that life gets busy! That's why our lobby hours are designed to fit your schedule. Join us from Monday to Thursday between 9:00 AM and 5:30 PM, and on Fridays from 9:00 AM to 6:00 PM. During these hours, our team is ready to assist you with a variety of services tailored just for you. From personal banking solutions such as checking and savings accounts to auto loans and mortgage refinancing, we're here to support all your financial needs. Additionally, our ATM is available around the clock for your convenience, allowing you to access cash whenever you need it.

Member Eligibility

Joining the Lake Michigan community is a wonderful opportunity to access a variety of financial services and support tailored just for you. If you're looking to become a member, you'll be pleased to know that eligibility is open to those who live, work, or worship in our local area, along with their family members. This means whether you're settling down in Ann Arbor or have roots here, you can enjoy all the benefits we offer at our branch located at 3201 S State St Ann Arbor Mi 48108. Becoming a member comes with many advantages, including personalized banking solutions and competitive loan rates. The process to open your account is straightforward and welcoming just reach out to us at (734) 887-2787 or visit our website for more details on how to get started. For more specific eligibility criteria, feel free to check out this resource: . We can't wait for you to join us!

Business Banking & Commercial Services

Business 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 $1,454 in commercial loans for our members, helping businesses scale and succeed. These loans have empowered local entrepreneurs to innovate and create jobs in our community. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that cater to a variety of business needs. - 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 That Simplify Transactions

In addition to loans, we offer merchant services designed to streamline your payment processes. Imagine easily accepting credit card payments while managing transactions from one user-friendly platform. This means fewer hassles and more time for you to focus on what matters most growing your business. Come visit us at 3201 S State St Ann Arbor Mi 48108 in Ann Arbor, MI, or contact us at (734) 887-2787 to learn how we can support your business journey today!

Comprehensive List Of Services

Business Banking Support

For our business members, we provide specialized business banking services, including merchant services and business loans designed to support growth and success. We know how important it is for businesses to manage their finances efficiently, and we're here to ensure you have the tools needed for success.

Cash Access Made Easy

We also provide essential ATM and cash withdrawal services, ensuring you're never far from your funds. Our drive-thru banking offers basic services such as deposits and withdrawals without leaving your car perfect for those busy days when time is tight.

Connect with Us

If you're interested in exploring these services further or have any questions about how we can assist you on your financial journey, don't hesitate to reach out! Call us at 734-887-2787 or visit our website at www.lmcu.org for more information. Join us at Lake Michigan today where your financial well-being is our top priority!

Credit Card Benefits

To reward your everyday spending, consider our credit cards with rewards. These cards not only offer convenience but also let you earn points for cash back or travel perks that enhance your lifestyle.

Digital Banking Features

Embracing technology, Lake Michigan offers robust online and mobile banking features that allow you to manage your accounts anytime and anywhere. You can make deposits, check balances, pay bills, and transfer money effortlessly from the palm of your hand. With features like mobile payments and person-to-person transactions, convenience is just a click away.

Personal Banking Solutions

Whether you're just starting your financial journey or looking to expand your wealth, our personal banking options have something for everyone. Open a checking or savings account that fits your lifestyle and goals. For those considering a new vehicle, we offer competitive auto loans and vehicle financing to help you drive away in style without breaking the bank. Thinking about buying a home? Our mortgage loans and refinancing services provide flexible solutions so you can secure the home of your dreams with confidence. If unexpected expenses arise or you're looking to consolidate debt, our personal loans and debt consolidation options can give you the breathing room you need.

Digital & Online Banking

Key Features

Our mobile application makes banking even easier, allowing you to check your accounts and make transactions right from your smartphone. Plus, with features like mobile payments, you can conveniently make purchases without reaching for your wallet. Our electronic signature authorization simplifies loan applications and document management so you can complete important tasks quickly and securely. For those who need to send money to friends or family, our person-to-person transfer feature is a breeze. Just a few taps on your phone and you're done! And if you prefer going paperless, e-statements are available to keep your financial records organized while reducing clutter.

Security You Can Trust

Security is paramount at Lake Michigan. We use advanced encryption technology to protect your personal information, ensuring that all transactions are safe. You can bank with peace of mind knowing that we're committed to keeping your data secure. In short, our digital banking services combine ease-of-use with powerful features designed for today's busy lifestyles. Experience the convenience of managing your finances with just a few clicks or taps because at Lake Michigan, we believe banking should be simple and accessible for everyone.

Financial Strength

Growing Community Trust

The trust our community places in us is evident with a total of 1,286,000 share accounts demonstrating a strong member base that relies on us for their financial needs. Additionally, net shares available for lending and investments amount to $119,129,434, ensuring that we have the resources to support your ambitions. 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 3201 S State St Ann Arbor Mi 48108 or call (734) 887-2787 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 lending capacity supports your financial goals with $56,155 in used auto loans and a total of $11,981,389,651 in loans and leases.

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.

Operational Efficiency

Our performance is reflected in our $0, which highlights our operational efficiency. This allows us to continue offering competitive loan rates and solid financial products tailored for you. We also take pride in having 1,576 full-time employees and 102 part-time employees who are dedicated to serving you with knowledge and commitment.

Solid Financial Health

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. 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $838,829,803 in used vehicle loans and $175,403,814 in new vehicle loans already helping members get on the road. We're committed to making vehicle financing accessible and straightforward, so you can hit the road with confidence.

Business Solutions

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. Whether you need funding for equipment, inventory, or other business expenses, we're here to help turn your vision into reality. At Lake Michigan, we believe that everyone deserves access to affordable financing solutions. If you're considering refinancing or exploring eligibility options for any of our products, our friendly team is ready to assist you at every step. For more information about our loan offerings or to speak with a representative, please reach out to us at (734) 887-2787. You can visit us at our branch located at 3201 S State St Ann Arbor Mi 48108 in Ann Arbor, 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 achieve your financial goals today!

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 strive to provide competitive rates and flexible terms to help you secure your dream home while keeping your budget in mind.

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. This option allows you to have access to funds when you need them most without tying up collateral.

Loan Aggregator

Ensuring Accurate Comparisons

LendMesh guarantees accurate loan comparisons by sourcing its 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 commitment ensures that users receive fair and transparent offers.

Key Benefits of Using LendMesh

One of the standout features of LendMesh is its Verified Data. All loan offers are sourced from legitimate financial institutions, which helps maintain transparency throughout the comparison process. Additionally, LendMesh has a strict policy against Sponsored Listings lenders are not prioritized based on paid promotions. The platform's main goal is to provide unbiased results that serve the best interests of users. Another important benefit is Real-Time Rate Comparisons. Users can access up-to-date loan rates from multiple institutions, enabling them to make well-informed financial decisions without delay. 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!" This kind of feedback highlights how effective LendMesh can be in helping individuals secure favorable loan terms. 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.*

Lake Michigan