Lake Michigan Credit Union Farmington Hills MI | Affordable Auto Loans & Business Banking

Introduction

Welcome to Lake Michigan, your trusted partner in financial wellness, located at 34391 W 12 Mile Rd, Farmington Hills, MI 48331. Established in 1933, we have been serving our community for decades, providing reliable banking solutions tailored to meet your needs. With a strong commitment to our 496,820 members, we pride ourselves on fostering a sense of belonging and financial empowerment. At Lake Michigan, we understand the importance of community impact. Our total assets stand at an impressive $14,380,227,851, while we manage a robust loan portfolio with 269,299 loans and leases. This reflects our dedication to supporting you whether it's financing your dream car or helping you secure a home with our mortgage options. Our total deposits amount to $1,216,867,746, showcasing the trust our members place in us. Under the leadership of CEO Julie Leonard and Board President Gretchen Tellman, our team of 1,678 employees works tirelessly to provide exceptional service and innovative products. From personal banking services like checking and savings accounts to business loans and online banking solutions, we are here to meet your financial needs. While you can reach us directly at 248-848-7122, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. We invite you to explore our website at www.lmcu.org for more information about our services and how we can help you achieve your financial goals. Stop by or give us a call today we're excited to assist you on your journey toward financial success!

Branch History & Mission

Join Us

As we look towards the future, we invite you to be part of our continued growth story. Experience firsthand how Lake Michigan can help you achieve your financial goals while contributing positively to the community. Whether you're looking for a new account or financing options, we're here for you every step of the way. For inquiries or assistance, please feel free to call us at 248-848-7122 during our operating hours: 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. Join us today at Lake Michigan where your financial success is our priority!

Our Mission

At Lake Michigan, our mission is not just about banking; it's about building relationships. We aim to uplift the communities we serve by providing personalized financial advice and support. We believe everyone deserves the opportunity for financial success. This commitment is reflected in our ongoing partnerships with local organizations and outreach programs designed to assist those in need. While you can visit us at our branch address for your banking needs or stop by our drive-thru for quick transactions, official correspondence should be directed to PO Box 2848, Grand Rapids, MI 49501 if you prefer traditional mail. We understand that accessibility is key. That's why we're proud to offer ATM availability right here at the branch along with drive-thru services for your convenience.

Our Story

Located at 34391 W 12 Mile Rd, just a stone's throw away from local parks and shopping areas, our branch has become a vital part of Farmington Hills. We opened our doors in 1933 with a simple mission: to provide accessible financial solutions that empower individuals and families to achieve their dreams. As we expanded our services, we remained focused on our core values integrity, service, and community support. Since then, we have introduced various offerings including personal banking options like checking and savings accounts, auto loans, mortgages, and credit cards with rewards. We also cater to businesses with merchant services and business loans. Our dedication to innovation is evident through our online and mobile banking platforms that make managing finances easier than ever.

Branch Location & Accessibility

Welcome to Lake Michigan's Farmington Hills branch, where convenience meets community! Located at 34391 W 12 Mile Rd, this branch is perfectly situated for easy access whether you're coming from the heart of Farmington Hills or nearby areas. If you need to send any official correspondence, feel free to use our mailing address at PO Box 2848, Grand Rapids, MI 49501. Our branch is just a stone's throw away from local landmarks like the beautiful Heritage Park and the bustling shopping centers along 12 Mile Road. With ample parking available and ADA-compliant features, we ensure that everyone can enjoy a comfortable visit. At Lake Michigan, we pride ourselves on our welcoming atmosphere and dedicated service. Our operating hours are designed with your schedule in mind: 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 have banking needs during the week or prefer visiting us over the weekend, we're here for you! Our branch offers a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. For those on the go, we provide ATM services and drive-thru banking for quick deposits and withdrawals. If you have any questions or need assistance, don't hesitate to give us a call at 248-848-7122. We look forward to welcoming you to our Farmington Hills branch soon!

Member Eligibility

At Lake Michigan, we believe that everyone deserves a chance to be part of a supportive community focused on your financial well-being. Joining us is simple! If you live, work, worship, or attend school in the area around 34391 W 12 Mile Rd Farmington Hills Mi 48331, you're likely eligible to become a member. We also welcome family members of current members, making it easy for loved ones to benefit from our range of services. By becoming a member, you gain access to personalized banking solutions tailored just for you, including competitive rates on loans and savings accounts, as well as exceptional customer service that prioritizes your needs. To learn more about the specific eligibility criteria and ensure you're ready to join, feel free to visit our website at . When you're ready to take the next step, opening an account is a breeze just reach out to us at (248) 848-7122 or drop by our branch. We can't wait to welcome you into the Lake Michigan family!

Business Banking & Commercial Services

Financing Options for 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. - 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 merchant services that simplify payment processing. Imagine running your business smoothly while accepting payments easily from customers whether they prefer credit cards, mobile payments, or even online transactions. Located at 34391 W 12 Mile Rd Farmington Hills Mi 48331 in Farmington Hills, MI, our team is ready to assist you with personalized service and expert advice tailored to your unique needs. Let's work together to make your business dreams a reality!

Comprehensive List Of Services

Business Banking Services

For our small business owners, we offer comprehensive Business Banking services, including merchant services and business loans tailored to help you grow your enterprise. We believe in supporting local businesses because they are the backbone of our community.

Convenient Online and Mobile Banking

In today's fast-paced world, convenience is key. That's why we provide robust Online & Mobile Banking features that let you manage your finances anytime, anywhere. Check balances, transfer funds, or pay bills with just a few taps on your smartphone or computer. Our services also include access to ATMs for cash withdrawals and basic transactions through our drive-thru service making it easier than ever to handle your banking needs without stepping inside the branch.

Credit Cards and Rewards

Don't forget about our Credit Cards with Rewards, which allow you to earn while you spend. Imagine earning points for travel or cashback just for using your card for everyday purchases!

Personal Banking Solutions

We understand that managing your day-to-day finances is crucial. That's why we offer Personal Banking, which includes checking and savings accounts designed to help you save and grow your money. Need a vehicle? Our Auto Loans & Vehicle Financing options make it easy to drive off in the car of your dreams with competitive rates and flexible terms. Homeownership is within reach with our Mortgage Loans & Refinancing services. We're here to assist you at every step, whether you're buying your first home or looking to refinance an existing mortgage. And if life throws unexpected expenses your way, our Personal Loans & Debt Consolidation solutions can provide the support you need.

Visit Us Today!

If you're in need of any financial services or simply want to learn more about what we offer, don't hesitate to reach out! Call us at (248) 848-7122 or stop by at our branch located at 34391 W 12 Mile Rd Farmington Hills Mi 48331 in Farmington Hills, MI. Our friendly staff at Farmington Hills is ready to assist you with all your banking needs. Join us at Lake Michigan, where we prioritize your financial well-being!

Digital & Online Banking

E-Statements and Mobile Access

Say goodbye to paper statements! Our e-statements feature allows you to view your account statements digitally, making it easy to stay organized while also helping the environment. Plus, for those who prefer to bank on-the-go, our mobile application offers a user-friendly interface right in the palm of your hand.

Person-to-Person Transfers and Mobile Payments

Need to send money to a friend or family member? Our person-to-person transfer service makes it simple. You can quickly send or receive funds without the hassle of writing checks or handling cash. Additionally, with our mobile payments feature, paying for purchases is straightforward just tap and go! In today's fast-paced world, having access to reliable banking services is essential. At Lake Michigan, we strive to provide you with all the tools you need for effective account management while ensuring your information remains secure. Join us today and experience the ease of digital banking tailored just for you!

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 reflects our commitment to serving you. 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 robust; with $56,155 in used auto loans and $11,981,389,651 in total loans and leases, we support members' financial goals across various sectors. Our operational efficiency is evident 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, 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 34391 W 12 Mile Rd Farmington Hills Mi 48331 or call (248) 848-7122 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. Whether you're interested in financing a new or used vehicle, our flexible options make it easy to find a plan that fits your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. We are committed to supporting local businesses with tailored financing solutions that help drive success. Additionally, if you're considering refinancing options, we can guide you through eligibility requirements and help streamline the process for you. If you have questions or want to learn more about our loan offerings, feel free to reach out to us at (248) 848-7122 or visit us at our branch located at 34391 W 12 Mile Rd Farmington Hills Mi 48331. 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 help you navigate your financial journey every step of the way!

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 support throughout the entire process to ensure you have all the information you need to make an informed decision.

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 competitive rates and rewards programs designed to give you more for your spending.

Loan Aggregator

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Lake Michigan