Lake Michigan Credit Union Caledonia MI | Best Auto Loans & Business Banking

Introduction

Welcome to Lake Michigan, your trusted financial partner located at 7175 Broadmoor Ave Se, Caledonia, MI 49316. Since our establishment in 1933, we've been dedicated to serving our community with integrity and care. With a robust membership of 496,820, we are proud to offer personalized banking solutions tailored to meet the unique needs of each member. At Lake Michigan, we manage total assets of over $14.38 billion, ensuring that your funds are secure and readily available for your needs. Our total deposits stand at an impressive $1.22 billion, reflecting the trust that our members place in us. We also have a solid net worth of $1.64 billion and cash on hand amounting to $72,514,751, giving you peace of mind when banking with us. We believe in making banking accessible and convenient. That's why we provide various services, including personal banking accounts, auto loans, mortgage options, and business loans all designed with you in mind. Whether you need a simple checking account or want to explore financing for your dream car, we're here to help every step of the way. Led by our passionate CEO, Julie Leonard, and Board President Gretchen Tellman, our team of 1,678 employees is committed to delivering exceptional service. You can count on us to be there for you during all of life's financial moments. While members can visit us at our branch location, official correspondence should be sent to our mailing address: PO BOX 2848, Grand Rapids, MI 49501. Ready to take the next step? Call us today at 616-242-9790 or visit our website at Lake Michigan Credit Union to learn more about how we can assist you in achieving your financial goals!

Branch History & Mission

Community Commitment

Community involvement is at the core of what we do. We actively engage in outreach programs designed to support local needs from financial literacy education to sponsoring local events that bring people together. Our commitment ensures that as we grow, so does the prosperity of Caledonia. As we look towards the future, we invite you to join our family at Lake Michigan. Experience firsthand how we combine personalized service with modern banking conveniences. Together, let's build a brighter tomorrow! If you have any questions or need assistance, don't hesitate to call us at (616) 242-9790. Join us today and discover the difference that community-focused banking can make!

Our Evolution

From our humble beginnings, Lake Michigan has been committed to empowering individuals and families through sound financial solutions. With total assets now exceeding $14,380,227,851, we have continually adapted to meet the evolving needs of our members. Our success is not just measured in numbers but in the lives we touch through initiatives like educational workshops, community sponsorships, and partnerships with local organizations.

Our Mission

At Lake Michigan, our mission goes beyond banking; it's about building a better future together. We strive to enhance the financial well-being of our members by offering a wide range of services including checking and savings accounts, auto loans, mortgage financing, and business banking solutions. We believe that every member deserves access to quality financial resources, which is why we also focus on offering innovative digital tools for online and mobile banking. We understand that accessibility is key. That's why you can find us ready to serve you Monday through Friday from 9 AM to 5:30 PM, with extended hours on Fridays until 6 PM and drive-thru service available on Saturdays from 9 AM to 1 PM. For your convenience, we also provide ATM services right here at our branch. While members can visit us at 7175 Broadmoor Ave Se Caledonia Mi 49316, official correspondence should be sent to PO BOX 2848, Grand Rapids, MI 49501 in Grand Rapids for those needing it.

Branch Location & Accessibility

Come See Us!

At Lake Michigan Credit Union, we're dedicated to providing exceptional service with a friendly smile. Our knowledgeable team is ready to assist you with everything from checking and savings accounts to auto loans and mortgages. Don't hesitate to reach out at 616-242-9790 if you have questions or need assistance. We invite you to stop by and experience firsthand what makes us different! Whether you're already a member or considering joining us, we look forward to welcoming you into our community.

Convenient Access and Features

Our branch is designed with your convenience in mind. We offer ample parking so you can easily access our services without hassle. Plus, we take pride in being accessible to everyone; our facilities are ADA compliant, ensuring that all members of the community can visit us comfortably. If you need to do your banking on the go, we have an ATM available right here at the branch. For those who prefer face-to-face interaction, our drive-thru service is open for basic transactions like deposits and withdrawals, making it easier for you to manage your finances without leaving your car.

Hours That Fit Your Schedule

We understand that life can get busy! That's why our operating hours are tailored to accommodate your needs. Visit us 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're coming in for a quick transaction or planning a longer visit to discuss your financial goals, we're here when you need us. While members can visit us at this location for all banking needs, any official correspondence should be sent to our mailing address at PO BOX 2848, Grand Rapids, MI 49501.

Member Eligibility

Becoming a member of Lake Michigan means joining a caring community that's dedicated to your financial well-being. If you're looking for a supportive place to manage your finances, you might be eligible to join us! Generally, membership is open to anyone who lives, works, or attends school in the areas we serve. This includes a warm welcome for families and local businesses. It's easy to become part of our family; just visit us at 7175 Broadmoor Ave Se Caledonia Mi 49316 or give us a call at (616) 242-9790 for more information on how to get started. You can also check out the detailed eligibility criteria on our website at . Once you're ready to take the next step, opening an account with Lake Michigan is straightforward and hassle-free. We offer various accounts and services tailored to meet your needs, making it easier than ever to manage your money effectively. For complete details on how to open an account, visit our site at . Join us today and experience the benefits of being a member of Lake Michigan!

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. - With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses. Whether you're looking to invest in equipment, expand your location, or manage cash flow, our tailored business loans are designed with your needs in mind.

Merchant Services

But it doesn't stop there. We also offer practical merchant services that simplify payment processing. Imagine being able to accept payments seamlessly from your customers whether it's through credit cards, mobile payments, or online transactions. This means more sales and less hassle for you. Partner with us at Lake Michigan, where we're not just about numbers; we're about building relationships that help your business flourish. Reach out today at (616) 242-9790 to discover how we can support your business ambitions!

Comprehensive List Of Services

Business Banking Services

If you're a business owner, we've got you covered too! Our business banking services, including merchant services and business loans, are designed to support your entrepreneurial goals. Whether you're starting a new venture or expanding an existing one, we have the resources to help your business thrive.

Convenient Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why online and mobile banking are essential features at Lake Michigan. With our digital banking solutions, you can manage your accounts from anywhere, check balances, make transfers, and even pay bills all from the comfort of your home or on-the-go. Plus, our ATM services ensure that cash withdrawals are easily accessible whenever you need them.

Credit Cards with Rewards

Shopping for everyday items? Our credit cards with rewards offer great benefits like cash back or points for travel. This way, you can earn rewards just by using your card for regular purchases.

Drive-Thru & ATM Services

For members who prefer face-to-face interactions but are short on time, our drive-thru banking provides a quick way to handle deposits and withdrawals without leaving your car. Additionally, our ATMs offer basic access for cash withdrawals and balance checks at any hour. At Lake Michigan, we pride ourselves on being more than just a bank; we're a community partner committed to helping our members achieve their financial dreams. If you're ready to experience all these services firsthand or have any questions about what we offer, don't hesitate to reach out! Call us at (616) 242-9790 or visit us in person at 7175 Broadmoor Ave Se Caledonia Mi 49316. We look forward to serving you!

Personal Banking Solutions

We offer a variety of personal banking services designed to make managing your money easy and effective. Our checking and savings accounts allow you to keep your funds secure while earning interest on your savings. If you're planning on purchasing a vehicle, our auto loans and vehicle financing options can help get you behind the wheel with competitive rates and flexible terms. For those looking to buy a home or refinance an existing mortgage, our mortgage loans are tailored to fit your lifestyle and budget. We know that life can be unpredictable, so if you need extra cash for unexpected expenses or want to consolidate debt, consider our personal loans which provide quick access to funds without hassle.

Digital & Online Banking

Easy Account Management

We also provide e-statements for easy record-keeping. No more paper clutter; simply view and download your statements directly from your account whenever you need them. If you want to send money to friends or family quickly, our person-to-person transfer feature makes it simple just a few taps on your screen! At Lake Michigan, we believe that banking should fit into your lifestyle seamlessly. From mobile payments to real-time account management tools, our digital banking services empower you to take control of your finances with ease and confidence. Experience the freedom of banking at your fingertips today!

Secure Transactions

Security is a top priority for us. When using our online services, rest assured that your information is protected with advanced security measures. For added convenience, we offer electronic signature authorization, allowing you to sign documents securely without needing to visit a branch in person.

Financial Strength

At Lake Michigan, 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 are proud to showcase our strong financial position, which is built on sound practices and a commitment to serving our community. 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. 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. 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 is evident with $56,155 in used auto loans and $11,981,389,651 in total loans and leases, supporting members' financial goals across various sectors. While our $0 reflects our operational efficiency, it enables 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, ensuring our branches are always ready to serve you with a knowledgeable, committed team. 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 7175 Broadmoor Ave Se Caledonia Mi 49316 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.*

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, you're in good hands. We provide flexible terms and competitive rates to ensure you find the perfect fit for your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand your operations. We understand the unique challenges businesses face and are committed to offering solutions tailored just for you. At Lake Michigan, we pride ourselves on providing personalized service tailored to meet your individual needs. Whether you are ready to apply or just want more information, don't hesitate to reach out! Call us at (616) 242-9790 or visit us at 7175 Broadmoor Ave Se Caledonia Mi 49316 in Caledonia, 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. We're here to assist you every step of the way towards achieving your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $716,130,857, allowing you to invest in your future with confidence. We also have refinancing options available for those who want to take advantage of lower rates or tap into their home equity.

Unsecured Credit Card Loans

Managing day-to-day expenses is easier with our unsecured credit card loans. With a total of $200,170,787 in loans, our flexible terms help members manage their finances effectively without the worry of collateral.

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 data from reputable institutions guarantees fair and transparent offers for users seeking loans.

Lake Michigan