Lake Michigan Credit Union Grand Rapids MI | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Lake Michigan Credit Union at 260 Jefferson Ave Se, Grand Rapids, MI 49503! Since our establishment in 1933, we have proudly served our community, growing together with our members to create a strong financial future. With a total membership of 496,820, we are dedicated to providing exceptional service and support for all your banking needs. At Lake Michigan Credit Union, our commitment goes beyond numbers. We manage over $14.38 billion in assets and maintain a solid net worth of $1.64 billion, ensuring that we have the resources to help you achieve your financial goals. Our diverse range of services includes personal banking options like checking and savings accounts, auto loans, mortgages, and business banking solutions. Our leadership team is focused on fostering a community-driven environment. Under the guidance of CEO Julie Leonard and Board President Gretchen Tellman, we strive to ensure that every member feels valued and supported. With a dedicated workforce of 1,678 employees, we're always here to assist you with friendly service and expert advice. For any official correspondence, please note that while you can visit us at our branch location, you may also reach us at our mailing address: PO Box 2848, Grand Rapids, MI 49501. Whether you're looking to open a new account or explore loan options, we're just a call away at (616) 242-9790. Visit us online at lmcu.org for more information or to access our digital banking services anytime. Join us today and experience the Lake Michigan difference where your financial well-being is our top priority!

Branch History & Mission

Innovative Services for All

In today's fast-paced world, we've embraced technology to offer digital banking solutions that ensure you have access to your accounts anytime and anywhere. With features like online banking, mobile payments, and e-statements, managing your finances has never been easier. Plus, our ATM availability means you can withdraw cash with ease whenever you need it. As we look toward the future, we remain committed to being an ADA-compliant institution that prioritizes accessibility for all members of our community. Our drive-thru services may not be available at this branch; however, we provide robust personal banking options such as checking and savings accounts, auto loans, mortgages, and business banking services.

Join Us Today!

We invite you to become part of the Lake Michigan family. Experience firsthand how our dedicated team is ready to assist you with your financial journey while supporting the vibrant community of Grand Rapids. Together, let's build a brighter financial future! For any questions or assistance, feel free to reach out at 616-242-9790 or visit us online at lmcu.org.

Our Commitment to Community

At Lake Michigan Credit Union, our commitment extends beyond just banking. We strive to be a positive force in the communities we serve by actively engaging in outreach programs and partnerships that uplift those around us. Whether through local sponsorships or community events, we aim to make a real difference in the lives of our neighbors. While members can visit us at 260 Jefferson Ave SE, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. Our operating hours are designed for your convenience: Monday-Wednesday-Thursday from 9:00 AM to 4:30 PM and Tuesday-Friday from 7:30 AM to 4:30 PM.

Branch Location & Accessibility

Accessibility and Features

At our Grand Rapids location, you'll find ample parking options and accessible features, ensuring that everyone can visit us comfortably. We are proud to offer ADA-compliant facilities, including ramps for easy access. Although we do not currently have drive-thru banking available, our friendly staff is always ready to assist you inside during our welcoming lobby hours.

Call Us or Visit Today!

If you have any questions or need assistance, don't hesitate to give us a call at 616-242-9790. We invite you to stop by and explore all the ways we can help you achieve your financial goals. Experience the difference at Lake Michigan Credit Union today!

Convenient Hours for Your Banking Needs

Our operating hours are designed with your busy schedule in mind. We welcome you Monday through Wednesday and Thursday from 9:00 AM to 4:30 PM, with extended hours on Tuesday and Friday from 7:30 AM to 4:30 PM. This flexibility allows you to stop by at a time that suits you best.

Services Tailored for You

At Lake Michigan Credit Union, we pride ourselves on offering a range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we have something for everyone. Plus, with ATM availability on-site, accessing cash is quick and easy! While members can visit us at 260 Jefferson Ave SE, official correspondence should be sent to PO Box 2848 in Grand Rapids if needed.

Member Eligibility

Becoming a member of Lake Michigan is like joining a caring family that prioritizes your financial well-being. If you're looking to enjoy a supportive community where your needs come first, this is the place for you! Membership at Lake Michigan is open to anyone who lives, works, or worships in the area, as well as their immediate family members. This means that whether you're just starting out or looking for new financial solutions, you can take advantage of the various services we offer. Our doors are wide open to welcome you into a world of personalized banking and exceptional support. Getting started is simple! You can visit us at 260 Jefferson Ave Se Grand Rapids Mi 49503, or if you have any questions, feel free to give us a call at (616) 242-9790. For more details about membership eligibility. We can't wait to help you achieve your financial goals together!

Business Banking & Commercial Services

Commercial 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.

Merchant Services

Imagine running your business without worrying about payment processing. Our merchant services provide you with user-friendly solutions tailored for any size business. From point-of-sale systems to online payment options, we ensure you can focus on what matters most serving your customers. Visit us at 260 Jefferson Ave Se Grand Rapids Mi 49503, Grand Rapids, MI, or call us at (616) 242-9790 to learn how we can help your business thrive!

Comprehensive List Of Services

Accessibility

At Lake Michigan, we want you to feel secure when managing your finances. Our ATMs allow for basic access like withdrawals and balance checks without any hassle. We strive for accessibility in everything we do because we know life can be unpredictable! To learn more about how Lake Michigan can assist you with these services or if you have any questions about getting started, don't hesitate to reach out! Call us at (616) 242-9790 or visit our website at http://www.lmcu.org. Your financial success is just around the corner!

Business Banking Services

If you're a business owner, we haven't forgotten about you! Our business banking services, including merchant services and business loans, are crafted to support your entrepreneurial journey. From processing payments to securing funding for expansion, we're here to help your business thrive.

Credit Cards and Rewards

Don't forget about our credit card offerings! With credit cards featuring rewards, you can earn points on everyday purchases, turning your spending into potential savings or fun experiences.

Digital Banking Convenience

In today's fast-paced world, having access to your finances anytime is essential. That's why we provide robust online and mobile banking options. Check your balance, transfer funds, and pay bills all from the palm of your hand with our user-friendly mobile app. Plus, with features like ATM and cash withdrawal services, accessing your money has never been easier.

Personal Banking Solutions

Whether you're just starting out or looking to enhance your financial portfolio, our personal banking services have you covered. We offer checking and savings accounts that fit your lifestyle, helping you save for that dream vacation or an unexpected expense. If you're considering purchasing a new car, our auto loans and vehicle financing options provide competitive rates and flexible terms, making it easier for you to drive away in style. For those planning to buy a home or refinance an existing mortgage, our mortgage loans and refinancing solutions are designed to guide you through every step of the process. Need extra funds for a big purchase or debt consolidation? Our personal loans can give you the financial boost you need.

Digital & Online Banking

Access Anytime, Anywhere

With our 24/7 online banking services available at http://www.lmcu.org, you can access your accounts whenever you need to. Check balances, transfer funds, and pay bills with just a few clicks. Our user-friendly platform ensures that you have real-time control over your finances without any hassle.

Mobile Banking Made Easy

For those who prefer managing their money on the go, our mobile application makes it simple. You can make mobile payments seamlessly, ensuring that you're always prepared for any purchase. Want to send money to a friend? Our person-to-person transfer feature allows you to do that quickly and securely. At Lake Michigan, we believe in making banking accessible and straightforward for everyone. With our innovative digital services, you can enjoy peace of mind knowing your financial needs are just a tap away. Join us today and experience the convenience of modern banking!

Stay Secure and Informed

Security is a top priority for us. We provide electronic signature authorization for added safety when signing documents online. Plus, our e-statements are not only environmentally friendly but also keep your information secure while giving you easy access to your financial history.

Financial Strength

Commitment to Growth

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 across various sectors with $56,155 in used auto loans and $11,981,389,651 in total loans and leases.

Growing Membership Base

Total Share Accounts stand at 1,286,000, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments amount to $119,129,434, further highlighting our commitment to supporting your financial journey. 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 260 Jefferson Ave Se Grand Rapids Mi 49503 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.

Member-Centric Savings Options

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 $54,113,412 reflects our operational efficiency, 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.

Strong 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 11.36% 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 ride or purchasing a reliable used vehicle, we've got you covered.

Business Financing

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. We understand the challenges of running a business, and we're here to support you with financing options that fit your needs.

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 tailored solutions to help you navigate your path to homeownership without hassle.

Refinancing Options

If you're considering refinancing any of your existing loans, speak with one of our experienced loan officers at Lake Michigan for personalized advice and eligibility options. We're committed to helping you find solutions that save you money and improve your financial situation. To learn more about our loan offerings or to apply today, contact us at (616) 242-9790 or visit us at 260 Jefferson Ave Se Grand Rapids Mi 49503. 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!

Unsecured Credit Cards

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 benefits that can help enhance your purchasing power while keeping your budget intact.

Loan Aggregator

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LAKE MICHIGAN CREDIT UNION - Grand Rapids, MI

Type of Loan Offerings

Student Loans

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