Lake Michigan Credit Union Grand Rapids MI | Quick Personal Loans & ATM Services

Introduction

Welcome to Lake Michigan Credit Union at 1820 Leonard St NE, Grand Rapids, MI 49505! With a proud history dating back to 1933, we have been dedicated to serving our community and fostering financial growth for our members. Whether you're looking for personal banking services, auto loans, or business financing solutions, our team is here to help you every step of the way. At Lake Michigan Credit Union, we believe that everyone deserves access to quality financial services. Currently, we are proud to support over 496,820 members, providing them with a safe space to save and borrow. Our commitment is reflected in our impressive total assets of $14,380,227,851 and total deposits amounting to $1,216,867,746. These figures show our strong foundation and ability to serve your needs effectively. While you can visit us at our branch location for face-to-face assistance and various banking services such as checking accounts and personal loans, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. Under the leadership of CEO Julie Leonard and Board President Gretchen Tellman, we strive to create a welcoming atmosphere where members feel valued. Our staff of 1,678 employees works tirelessly to ensure that your banking experience is smooth and rewarding. We offer convenient features like online banking and mobile payments so you can manage your finances on-the-go. If you're interested in exploring what we have to offer or have questions about your account, don't hesitate to give us a call at (616) 242-9790. We invite you to visit us today and discover how Lake Michigan Credit Union can help you achieve your financial goals!

Branch History & Mission

Commitment to Innovation

In today's fast-paced world, staying connected is vital. That's why we've embraced technology to make banking easier for our members. With features like online banking and mobile payments, managing finances has never been more convenient. Our commitment to ADA compliance ensures that all members can access our services without barriers. Our branch offers both ATM availability and drive-thru banking for quick service, allowing you to handle your transactions efficiently while on the go.

Join Us!

As we look towards the future, we invite you to become part of the Lake Michigan family. Experience firsthand how we can help you achieve your financial goals while being an active participant in your community's growth and prosperity. Reach out today at 616-242-9790 or visit us 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. Together, let's build a brighter future!

Our Mission

The mission of Lake Michigan Credit Union is clear: we strive to enhance the financial well-being of our members and their communities. We believe that everyone deserves access to quality financial services and support. This dedication drives us to offer a wide range of services, including personal banking accounts, auto loans, mortgage options, and business banking solutions. But we don't stop there. Community outreach is an essential part of who we are. We partner with local organizations to provide resources and support for those in need, ensuring that our impact extends beyond just financial transactions.

Branch Location & Accessibility

Welcome to the Lake Michigan Credit Union branch at 1820 Leonard St NE in Grand Rapids, MI! Our location is designed for your convenience, making it easy for you to access all your banking needs. Nestled in the vibrant neighborhood of Kent County, we are close to local favorites like the iconic John Ball Zoo and just a short drive from downtown Grand Rapids. At our branch, you will find ample parking available, ensuring that your visit is hassle-free. We also prioritize accessibility with features like ADA-compliant ramps and entrances, so everyone can enjoy our services comfortably. Whether you need to stop by during your lunch break or after work, we're here for you! Our lobby hours are 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. With these flexible hours, you can easily fit banking into your busy schedule. In addition to our welcoming atmosphere, we offer a range of services tailored just for you. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we have what you need under one roof. Plus, our drive-thru service allows for quick deposits and withdrawals without leaving your car perfect for those on the go! For added convenience, we also provide ATM access right at the branch. You can check balances or withdraw cash anytime during operating hours. If you have any questions or would like more information about our services, feel free to give us a call at 616-242-9790. We're excited to help you achieve your financial goals! Come visit us today at Lake Michigan Credit Union your trusted partner in banking!

Member Eligibility

At Lake Michigan, we believe in building a community where everyone feels welcome and valued. Becoming a member is easy! If you live, work, or worship in our service area, you're likely eligible to join us. We also welcome family members of current members, making it even more accessible for those who want to share in the benefits of our cooperative. By joining Lake Michigan, you gain access to personalized financial services that cater to your needs, whether it's checking and savings accounts, auto loans, or mortgage options. To learn more about specific eligibility criteria and ensure you meet them, please check out our detailed information at . Opening an account with us is a straightforward process that can be done online or in person at our branch located at 1820 Leonard St Ne Grand Rapids Mi 49505. If you have any questions or need assistance along the way, don't hesitate to reach out to us at (616) 242-9790. We're here to help you take that exciting step towards financial empowerment!

Business Banking & Commercial Services

Merchant Services That Make a Difference

In addition to loans, we offer merchant services that simplify transactions and enhance customer experiences. Picture this: your customers can easily pay via card or mobile payment options at your location. This not only speeds up sales but also provides convenience that today's consumers expect. If you're looking for reliable financial support for your business, visit us at 1820 Leonard St Ne Grand Rapids Mi 49505 in Grand Rapids, MI, or call us at (616) 242-9790. Together, let's pave the way for your business's future!

Supporting Your 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. Imagine securing the funds you need to purchase new equipment or expand your operations. Our business loans can help turn those dreams into reality, allowing you to focus on what matters most running your business.

Comprehensive List Of Services

ATM & Drive-Thru Services

When it comes to accessing cash or handling simple transactions, we've got you covered with ATM services available at our branch. You can withdraw cash or check your balance quickly and easily. Additionally, our drive-thru service allows for basic transactions without needing to leave your vehicle perfect for busy days when you're on the go.

Business Banking Services

For our business members, we provide essential services like merchant services and business loans. These offerings can help your business thrive by ensuring you have access to the funds needed for growth and everyday operations.

Member Support

At Lake Michigan, we're not just about transactions; we're about relationships. Our friendly staff is always ready to assist you with any questions or concerns you may have regarding your accounts or services. We invite you to visit us at 1820 Leonard St Ne Grand Rapids Mi 49505 or give us a call at (616) 242-9790 to learn more about how we can support your financial journey. Join us today and experience the difference in community-focused banking!

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why Lake Michigan prioritizes digital banking solutions. With our online and mobile banking platforms, you can check balances, transfer funds, pay bills, and even make person-to-person payments from anywhere at any time. Our easy-to-use mobile app enhances your banking experience by putting control right in your pocket.

Personal Banking Solutions

We understand that every member has unique financial goals. That's why we offer various personal banking services, including checking and savings accounts that help you manage your money effectively. If you're planning to buy a car or need funds for other purposes, our auto loans and vehicle financing options provide competitive rates and flexible terms. For those considering home ownership or refinancing, our mortgage loans are designed to make the process smooth and straightforward. In addition to these traditional banking services, we also offer personal loans for debt consolidation and credit cards with rewards programs that can enhance your everyday spending. Imagine earning points on purchases while managing your finances efficiently!

Digital & Online Banking

At Lake Michigan, we understand that banking should be as convenient and secure as possible. That's why we offer a variety of digital and online banking services designed to fit your busy lifestyle. With our 24/7 online banking capabilities, managing your finances is just a click away. You can access your accounts anytime, anywhere, allowing you to stay on top of your financial goals with ease. Our online banking portal at http://www.lmcu.org is user-friendly and packed with features. You can view balances, make transfers, and even pay bills all from the comfort of your home or on the go. For added convenience, we provide electronic statements that help you keep track of your finances without the clutter of paper. Plus, you can authorize documents electronically with our electronic signature feature, making it easier than ever to complete transactions securely. If you're always on the move, our mobile application is a game changer! Available for download, it brings all the features of online banking right to your fingertips. From checking balances to making person-to-person transfers, everything you need is at hand. And if you prefer using mobile payments, we've got you covered there too! You can make quick and easy payments directly from your phone no wallet necessary. Whether you're managing personal accounts or handling business transactions, our digital tools provide real-time access and control over your finances. At Lake Michigan, we prioritize both security and accessibility so that you can bank with peace of mind. Join us today and experience the future of banking conveniently at your service!

Financial Strength

Commitment to Reinvestment

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.

Growing Membership

Total Share and Deposit Accounts: 1,286,000, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $119,129,434. 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 1820 Leonard St Ne Grand Rapids Mi 49505 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 Savings and Investments

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 $0 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.

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

Additional Services

If you're considering refinancing or looking for eligibility options, our team is ready to assist you in finding the best solution for your needs. We prioritize transparency and are here to answer any questions you may have about our loan offerings. For more information about our loan products or to discuss your specific financial needs, feel free to reach out at (616) 242-9790 or visit us at 1820 Leonard St Ne Grand Rapids Mi 49505 in Grand Rapids, 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 your next financial step with confidence!

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 one, we have options to fit your budget.

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 faced by local businesses and strive to support them with tailored lending solutions.

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 competitive rates and personalized service to help you navigate the mortgage process with ease.

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. These cards come with various benefits that can help you stay within budget while enjoying the convenience of credit.

Loan Aggregator

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Ensuring 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 ensures that the offers displayed are fair and transparent. Every lender included in our comparisons has been verified, so you can trust that you're seeing legitimate options.

Lake Michigan