Lake Michigan Credit Union Grand Rapids MI | Best Auto Loans & Rewards Cards

Introduction

Welcome to Lake Michigan Credit Union, your trusted financial partner since 1933. Located at 2209 Plainfield Ave NE, Grand Rapids, MI 49505, we pride ourselves on being more than just a credit union; we are a part of your community. With a robust membership of 496,820 and total assets reaching an impressive $14,380,227,851, we are committed to providing you with the best financial services tailored to meet your needs. At Lake Michigan Credit Union, we understand that banking is not just about transactions; it's about building relationships. Our dedicated team of 1,678 employees, led by CEO Julie Leonard and Board President Gretchen Tellman, works tirelessly to ensure you receive the personalized service you deserve. Whether you're looking for checking accounts, auto loans, mortgages, or business banking solutions, we have a wide array of products designed to help you achieve your financial goals. 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. We encourage you to explore our online services at www.lmcu.org for easy access to your accounts and additional resources. Our commitment to you goes beyond numbers. With total loans amounting to 269,299 and total deposits standing at $1,216,867,746, we focus on ensuring that your money is both secure and working hard for you. With a net worth of $1,637,578,402 and cash in hand totaling $72,514,751, you can trust us to manage your finances with care and expertise. We invite you to visit us or give us a call at 616-242-9790 during our lobby hours Monday through Thursday from 9 AM to 5:30 PM and Friday from 9 AM to 6 PM. Join us in shaping a brighter financial future together!

Branch History & Mission

Commitment to Innovation

As times change, so do we. At Lake Michigan Credit Union, we understand the importance of digital advancements in today's world. That's why we offer online banking services along with mobile payment options for convenient access wherever you are. We ensure ADA compliance in all our facilities because everyone deserves equal access to financial resources. Our drive-thru banking is designed for efficiency without compromising service quality. And if you ever need assistance, don't hesitate to call us at 616-242-9790 during our operating hours: Monday - 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

While members can visit us at 2209 Plainfield Ave Ne Grand Rapids Mi 49505, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if different from your visiting address. At Lake Michigan Credit Union, every member counts. We invite you to join our family and experience firsthand the benefits of being part of an institution that cares about your success as much as you do. Let's build a brighter future together!

Our Mission

At Lake Michigan Credit Union, our mission extends beyond just banking; it's about building strong relationships within the communities we serve. We strive to make a meaningful impact by providing exceptional financial products and services that help our members thrive. Whether it's through personal checking accounts, auto loans, mortgage options, or business banking solutions, we are dedicated to helping you navigate your financial journey. We believe in giving back to the community that supports us. Through various partnerships and outreach initiatives, we work hard to contribute positively to local causes and events. We aim not only to serve but also to uplift those around us.

Branch Location & Accessibility

Call to Action

We invite you to come by the Lake Michigan Credit Union branch today! Our team is eager to meet you and help with all your financial needs. If you have any questions or prefer speaking over the phone, feel free to call us at 616-242-9790. Your financial journey starts here!

Local Landmarks and Accessibility

Our branch is just a stone's throw away from several popular spots, making it easy to fit your banking into your daily routine. If you're in the area visiting the local parks or shopping centers, drop by and see us! We offer ample parking right outside the entrance, ensuring easy access for everyone. Plus, our facility complies with ADA standards, featuring ramps and other accessibility features to assist all members of our community.

Operating Hours and Services

We're here to serve you with flexible hours designed to fit your busy schedule. Our lobby is open Monday through Thursday from 9 AM to 5:30 PM, Friday until 6 PM, and Saturday from 9 AM to 1 PM. Whether you need help with personal banking services like checking accounts and auto loans or business solutions such as merchant services, our friendly staff is ready to assist you. In addition to traditional banking services, we also provide ATM access and drive-thru banking for quick transactions. Need assistance outside of regular hours? Our ATMs are available around the clock for cash withdrawals and balance inquiries. While members can visit us at 2209 Plainfield Ave NE, official correspondence should be sent to PO Box 2848 in Grand Rapids if needed.

Member Eligibility

At Lake Michigan, we believe that everyone deserves a place in our supportive community. Joining us is simple and welcoming! To become a member, you just need to meet some friendly eligibility criteria. If you live, work, worship, or attend school in the areas we serve, you're already on your way! We also invite family members of current members to join. This inclusive approach ensures that we can grow together as a community. For the latest details on eligibility, feel free to check out our resource at . Opening an account with us is just as straightforward. You can start your journey by visiting us at 2209 Plainfield Ave Ne Grand Rapids Mi 49505, or you can give us a call at (616) 242-9790 for any questions you might have. Our team is here to guide you through the process and make it easy to access all the benefits of membership at Lake Michigan. We look forward to welcoming you into our family!

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. This funding has empowered local entrepreneurs to expand their operations, hire new employees, and invest in innovative technologies. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that meet diverse needs.

Merchant Services

In addition to loans, we offer merchant services that simplify payment processing for businesses. Imagine running your store smoothly with various payment options at your fingertips this is what we provide. Our systems allow you to accept credit and debit cards easily, ensuring you can serve your customers without hassle. With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses right here in Grand Rapids, MI. Join us today and discover how Lake Michigan can be a vital partner in your business journey.

Comprehensive List Of Services

ATM and Drive-Thru Services

For those who prefer face-to-face interactions or quick transactions, our Drive-Thru Banking allows you to handle deposits and withdrawals without leaving your vehicle. Plus, with our ATM services available nearby, cash withdrawals and balance checks are just a few steps away. At Lake Michigan, we strive to create an environment where all members feel valued and supported in their financial goals. If you're ready to learn more about how we can assist you or want to speak with one of our representatives directly, don't hesitate to call us at (616) 242-9790. We invite you to visit us at 2209 Plainfield Ave Ne Grand Rapids Mi 49505, explore our offerings online at Plainfield, or reach out today! Your financial well-being is our priority, and we're here every step of the way.

Business Banking Solutions

For entrepreneurs and small business owners, we provide robust Business Banking solutions, including merchant services and business loans. You can focus on growing your business while we handle the financial side.

Credit Cards with Rewards

Looking for ways to earn while you spend? Our Credit Cards with Rewards allow you to gain benefits from everyday purchases. Enjoy cashback or rewards points that can be redeemed for travel or shopping experiences. It's a smart way to make your money work for you!

Digital Banking Features

In today's fast-paced world, convenience matters. That's why we offer comprehensive Online & Mobile Banking solutions. Access your accounts anytime, anywhere with features such as mobile payments, person-to-person transfers, and e-statements. Our digital banking tools are designed to simplify managing your finances from the palm of your hand.

Mortgage Loans and Refinancing

If homeownership is your goal, explore our Mortgage Loans and Refinancing services. We understand that buying a home is one of the biggest decisions you'll make, and our team will guide you through the process with ease. We provide competitive rates and flexible terms to ensure that your dream home doesn't become a burden.

Personal Banking

For those looking to manage their finances effectively, we offer various Personal Banking options. From checking and savings accounts that help you save for the future to auto loans designed to get you on the road, we make it easy for you to access funds when you need them. Whether you're eyeing that new car or simply want a secure place for your savings, we've got you covered.

Personal Loans and Debt Consolidation

Life can throw unexpected expenses your way, but with our Personal Loans and Debt Consolidation options, you can tackle those challenges head-on. Whether it's medical bills or home repairs, we offer straightforward loans that help lighten your financial load.

Digital & Online Banking

Key Features

Our online banking platform is user-friendly and packed with features to help you stay in control of your money. You can easily check your account balances, review transaction histories, and transfer funds. Need to send money to a friend? Our person-to-person transfers allow you to send funds quickly and securely with just a few taps on your mobile device. For those who prefer mobile banking, our dedicated mobile application makes it even easier. You can manage your accounts right from your smartphone, making payments and accessing e-statements straightforward and hassle-free. Plus, our mobile payments feature lets you pay for purchases directly from your phone no wallet needed!

Security and Convenience

Your security is our top priority. We offer electronic signature authorization for added protection when signing documents digitally. And if you choose to go paperless, e-statements are readily available, allowing you to keep track of your finances while helping the environment. Whether you're checking in on your accounts or making transactions, rest assured that our systems are designed to protect your information every step of the way. With our commitment to providing accessible and user-friendly banking solutions, managing your finances has never been easier or more secure. Explore all these features and more by visiting http://www.lmcu.org today!

Financial Strength

Conclusion

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 2209 Plainfield Ave Ne Grand Rapids Mi 49505 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Growing Together

Our commitment to serving you is backed by substantial resources. With net shares amounting to $119,129,434, we have funds available for lending and investments that further strengthen our position. Moreover, total share accounts have reached an impressive 1,286,000, reflecting a strong and growing member base that trusts us with their finances.

Member Savings Secured

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 efforts reflect in our numbers too; with a net income of $0, we demonstrate operational efficiency that allows us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 1,576 full-time employees and 102 part-time employees who are dedicated to providing you with knowledgeable service.

Reinvesting in Your Future

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 capacity to lend is also impressive showcasing $56,155 in used auto loans and a total of $11,981,389,651 in loans and leases means we're here to support your financial goals across various sectors.

Solid 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 Options

For those interested in business opportunities, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand your business. If you're considering refinancing any existing loans or want to learn about eligibility options for our products, please reach out to us directly at 616-242-9790. Our team is here to assist you every step of the way. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Come visit us at our branch located at 2209 Plainfield Ave Ne Grand Rapids MI 49505 and explore how we can help you achieve your financial dreams!

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. We provide financing solutions that make it easier for you to drive off with the vehicle you desire.

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 offer competitive interest rates and flexible repayment terms to help you find the right fit for your budget.

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 can be a great tool for everyday purchases or unexpected expenses without putting your assets at risk.

Loan Aggregator

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Lake Michigan