Lake Michigan Credit Union Byron Center MI | Affordable Auto Loans & Business Banking

Introduction

Welcome to Lake Michigan, your trusted partner in financial well-being located at 675 68Th St SW, Byron Center, MI 49315. Since our establishment in 1933, we have proudly served our community with dedication and care, growing to a vibrant membership of 496,820 individuals. With a robust asset portfolio of $14,380,227,851 and total deposits reaching $1,216,867,746, we are committed to providing you with the best financial services tailored to meet your needs. At Lake Michigan, we believe in building lasting relationships with our members. Whether you're looking for personal banking solutions such as checking and savings accounts or need assistance with auto loans and mortgages, we are here for you. Our experienced team of 1,678 employees, led by CEO Julie Leonard and Board President Gretchen Tellman, ensures that every member feels valued and supported. While members can visit us at our Byron Center branch for all their banking needs, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. We invite you to explore our range of services including credit cards with rewards and business banking options designed specifically for entrepreneurs. Ready to take the next step towards achieving your financial goals? Give us a call at 616-242-9790 or visit us online at http://www.lmcu.org today! Experience the difference that community-focused banking can make in your life.

Branch History & Mission

Community Impact

At Lake Michigan, we believe in giving back to the communities we serve. Our outreach efforts include partnerships with local organizations aimed at promoting financial literacy and supporting charitable initiatives. We recognize that our success is intertwined with the well-being of those around us; therefore, we actively engage in programs that uplift our neighbors. Our dedicated team works tirelessly under the leadership of CEO Julie Leonard and Board President Gretchen Tellman to uphold our values and fulfill our mission. We are committed to being more than just a bank; we are your partners in achieving financial wellness. We invite you to join us at Lake Michigan! Experience the benefits of being part of a community-focused credit union where your financial health is our priority. Whether you're looking for a new account or exploring loan options, we're here to help every step of the way. Visit us today or reach out at 616-242-9790 we look forward to welcoming you into our family!

Our Mission

Our mission is clear: we aim to provide exceptional financial services while fostering a strong sense of community. We strive to help our members achieve their financial goals through personal banking options like checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. By prioritizing your needs and offering competitive rates, we ensure that you receive the best possible value. We understand the importance of accessibility in today's world. That's why we offer online and mobile banking services so you can manage your finances anytime and anywhere. While we currently do not have ATM availability at this branch, we provide drive-thru banking services for quick transactions like deposits and withdrawals.

Branch Location & Accessibility

Convenient Access

Finding us is simple! Our branch offers ample parking, making it hassle-free for you to stop by. If you have mobility needs, we've got you covered with ADA-compliant features such as ramps for easy access. Our drive-thru service is available for those quick transactions, allowing you to bank without leaving your vehicle.

Operating Hours

We understand that life can get busy, which is why we offer flexible operating hours. Our lobby is open Monday through Thursday from 9 AM to 5:30 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. Whether you need assistance with personal banking or business services, we're here when you need us.

Services Offered

At Lake Michigan Credit Union, we provide a wide range of services tailored to fit your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, our dedicated team is ready to assist you in every way possible. Plus, enjoy the convenience of online and mobile banking options that let you manage your finances on the go! While members can visit us at 675 68Th St Sw Byron Center Mi 49315, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. Don't hesitate come visit us today or give us a call at (616) 242-9790! We look forward to helping you achieve your financial goals.

Member Eligibility

At Lake Michigan, we believe that everyone deserves a place to belong, and becoming a member is your first step into our welcoming community. If you live, work, worship, or attend school in the areas we serve, you're already on the path to joining us! We strive to make membership accessible for all, so whether you're looking for personal banking solutions or business services, there's a spot for you here. To find out more about our eligibility requirements and see if you qualify, please visit this page for the latest details. Once you're ready to join, opening an account is a breeze! You can give us a call at (616) 242-9790 or stop by our branch located at 675 68Th St Sw Byron Center Mi 49315 during our convenient hours. We can't wait to welcome you as a member of Lake Michigan!

Business Banking & Commercial Services

At Lake Michigan, we understand that every business has its unique story and challenges. Whether you're a startup looking to make your mark or an established company aiming to expand, we are here to support your journey. Our commercial loan options can be the key to unlocking your business's potential, providing you with the capital needed for growth. Imagine being able to purchase new equipment, hire additional staff, or even renovate your office space. These dreams can become reality through our tailored financing solutions. 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. - With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses. In addition to loans, we offer practical merchant services designed to streamline your operations. Picture having the ability to accept payments anytime, anywhere, which not only enhances customer satisfaction but also boosts your revenue. Let us partner with you on this exciting path. Visit us at 675 68Th St Sw Byron Center Mi 49315, Byron Center, MI, or call us at (616) 242-9790 to learn more about how we can help your business thrive!

Comprehensive List Of Services

Business Banking

For our business members, we understand that running a business requires reliable banking support. Our business banking services include merchant services and business loans that can help you manage cash flow or invest in growth opportunities. We are committed to helping local businesses thrive.

Credit Solutions

In today's world, having access to credit is essential. That's why we provide credit cards with rewards that offer benefits for everyday purchases. Whether you're looking to consolidate debt or need a personal loan for unexpected expenses, our team is here to assist you in finding the right financial solution that fits your lifestyle.

Digital Banking Convenience

In addition to traditional banking services, we embrace technology to enhance your banking experience. Our online and mobile banking platforms allow you to manage your accounts anytime, anywhere. You can pay bills, transfer funds, and even make person-to-person payments with ease. Plus, our ATM and cash withdrawal services ensure you have access to your funds when you need them most.

Drive-Thru Services

If you prefer face-to-face interactions but have a busy schedule, take advantage of our basic drive-thru banking services. This allows you to conduct deposits, withdrawals, and other simple transactions without leaving your vehicle perfect for those on-the-go days. At Lake Michigan, we're here for all your financial needs at every stage of life. Our friendly staff is ready to assist you in exploring these services further. Feel free to contact us at (616) 242-9790 or visit us at 675 68Th St Sw Byron Center Mi 49315 in Byron Center today! We look forward to serving you!

Personal Banking

When it comes to personal banking, we offer an array of options designed for everyone. Our checking and savings accounts are straightforward and easy to manage, making it simple for you to keep track of your finances. If you're planning to purchase a vehicle, our auto loans and vehicle financing solutions provide competitive rates and flexible terms that fit your budget. For those looking at long-term investments, our mortgage loans and refinancing options can help make homeownership a reality or save you money on your existing loan.

Digital & Online Banking

Key Features of Our Online Banking Services

Visit us at http://www.lmcu.org to explore our user-friendly online banking platform. With 24/7 access to your accounts, you can check balances, make transfers, and pay bills anytime, anywhere. Our platform prioritizes security, so you can rest easy knowing your information is protected. Need to sign documents quickly? Our electronic signature authorization feature lets you complete transactions without the hassle of printing and mailing forms. Plus, if you prefer to keep track of your finances digitally, e-statements are available for easy viewing and management.

Mobile Banking Made Easy

For those who are always on the move, our mobile application is a game changer. You can make person-to-person transfers with just a few taps on your phone perfect for splitting bills or sending money to friends. And if you're into mobile payments, our app supports that too! Use it to pay for purchases directly from your account without needing cash or cards. Our digital banking services aren't just about convenience; they're about empowering you with real-time management of your finances. From checking balances to making payments, every feature is designed with ease-of-use in mind. Join us at Lake Michigan today and discover how simple banking can be with our digital solutions!

Financial Strength

A Trusted Partner

Net Shares (Funds available for lending and investments): $119,129,434. Total Share and Deposit Accounts: 1,286,000, 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, Lake Michigan is your trusted partner. Visit us at 675 68Th St Sw Byron Center Mi 49315 or call (616) 242-9790 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.

Commitment to Growth

Our commitment to your financial well-being is evident through our impressive $1,594,899,679 in undivided earnings. This amount allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. With $56,155 in used auto loans and $11,981,389,651 in total loans and leases, our lending capacity supports your financial goals across various sectors.

Member Savings and Investment Opportunities

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 operational efficiency is reflected in our $0, enabling 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 who are dedicated to providing excellent service at every turn.

Our 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. Whether you're interested in financing a brand-new vehicle or a reliable used car, our auto loan options can help you secure the right vehicle at an affordable rate.

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 looking for funding to start a new venture or support an existing business, our dedicated team is here to assist you every step of the way. We pride ourselves on offering refinancing options as well, ensuring that our members can adapt their financial strategies as needed. Our goal is not just to provide loans but also to empower our members with the resources they need for financial success. You can reach us at (616) 242-9790 or visit us at our branch located at 675 68Th St Sw Byron Center Mi 49315 in Byron Center, 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 towards achieving your financial dreams!

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 guidance throughout the process and help you find the best loan structure to fit your budget.

Unsecured Credit Card Loans

Managing everyday expenses can be challenging. 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. With competitive interest rates and no collateral required, our credit cards are designed to give you the purchasing power you need while keeping your finances manageable.

Loan Aggregator

Benefits of Using LendMesh

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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 means that you can trust the information you receive is accurate and reliable. Each loan offer is pulled from legitimate financial institutions, ensuring transparency and fairness in your options.

Lake Michigan