Lake Michigan Credit Union Grand Rapids MI

Introduction

Welcome to Lake Michigan, your trusted credit union located at 5519 Glenwood Hills Pkwy SE, Grand Rapids, MI 49512. Established in 1933, we have proudly served our community for over 90 years. With a commitment to providing exceptional financial services, we currently support a thriving membership of 496,820 individuals and families. At Lake Michigan, we understand that each member's financial journey is unique. That's why we offer personalized solutions tailored to your needs. Our total assets amount to an impressive $14,380,227,851, with total deposits reaching $1,216,867,746. We also facilitate over 269,299 loans and leases, ensuring our members have access to the resources they need to achieve their dreams. While members can visit us at our branch address for all your banking needs, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. Under the leadership of our dedicated CEO, Julie Leonard, and Board President, Gretchen Tellman, our team of 1,678 employees is committed to fostering a welcoming environment where you can feel confident about your financial decisions. Our net worth stands strong at $1,637,578,402, reflecting our stability and dedication to serving you. With cash in hand totaling $72,514,751, we are well-positioned to meet your financial requirements. We invite you to connect with us today by calling (616) 242-9790 or visiting our website at www.lmcu.org. Experience the difference that a community-focused credit union can make in your life!

Branch History & Mission

At Lake Michigan Credit Union, we take pride in our rich history and unwavering commitment to serving our community. Founded in 1933, our branch has grown alongside the vibrant city of Grand Rapids, MI. Over the decades, we have transformed from a small cooperative into a robust financial institution, now boasting over 496,000 members and total assets exceeding $14 billion. Our journey reflects our dedication to providing exceptional financial services while supporting the needs of our community. Located at 5519 Glenwood Hills Pkwy Se, Grand Rapids, MI 49512, our branch is easily accessible for anyone looking to manage their finances effectively. With a focus on customer service and community engagement, we have become a trusted partner for individuals and families alike. While members can visit us at this location, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. Our mission is simple yet powerful: we aim to enhance the financial well-being of our members while giving back to the communities we serve. We strive to provide affordable banking solutions that empower people to achieve their goals whether that's buying a new home or saving for retirement. Our commitment goes beyond just numbers; we actively engage in community outreach programs and partnerships that foster growth and improve lives across Kent County. In today's fast-paced world, we understand the importance of digital advancements. That's why we offer a range of convenient online services including mobile banking and electronic signatures. We ensure that all members have access to these tools while maintaining compliance with ADA standards so everyone can enjoy an inclusive banking experience. As part of our ongoing dedication to member satisfaction, we've created various customer-centric initiatives that prioritize your needs. Whether you're stopping by for ATM services or exploring loan options with one of our friendly staff members, you'll find that Lake Michigan Credit Union prioritizes your experience at every step. We invite you to join us on this journey toward financial empowerment. Become a member today and discover how Lake Michigan Credit Union can support your dreams while making a positive impact in the community. For more information or assistance, feel free to reach out at 616-242-9790 we're here to help!

Branch Location & Accessibility

Call to Action

We invite you to stop by and experience the Lake Michigan difference! If you have any questions or need assistance before visiting, don't hesitate to reach out via phone at 616-242-9790. We look forward to serving you soon!

Nearby Landmarks and Accessibility

Our branch is easy to find, nestled near the scenic views of the local parks and just a short drive from major highways. This makes us accessible whether you're coming from downtown Grand Rapids or nearby neighborhoods. We prioritize your convenience with ample parking available right outside our door. The branch is fully ADA compliant, ensuring that everyone can access our services without any hurdles. While members can visit us at 5519 Glenwood Hills Pkwy SE, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501.

Services and Operating Hours

At our Glenwood Operations branch, we offer ATM services for those on the go. Although we don't have a drive-thru option, our dedicated staff is here to help during our operating hours. Unfortunately, specific hours aren't listed right now, but you can always give us a call at 616-242-9790 for more information or to schedule an appointment. We pride ourselves on providing a welcoming atmosphere where you can feel comfortable discussing your financial goals. Whether you're looking for loan options or simply need assistance with your account, our knowledgeable team is here for you.

Member Eligibility

Becoming a member of Lake Michigan is like joining a close-knit family where your financial well-being is the top priority. To qualify for membership, you need to meet certain criteria that are designed to keep our community strong and supportive. Generally, anyone who lives, works, or worships in the area surrounding 5519 Glenwood Hills Pkwy Se Grand Rapids Mi 49512 can join us. We welcome individuals from all walks of life, and we're excited to offer you access to exclusive benefits like lower loan rates, personalized service, and various savings options that truly make a difference. If you want to dive deeper into the specific eligibility requirements, feel free to check out the details at . Getting started with your membership is easy! You can open an account by reaching out to us at (616) 242-9790, and our friendly staff will guide you through the process. Joining Lake Michigan not only gives you access to great financial products but also connects you with a community that cares about your success. Don't hesitate take that step towards becoming part of something special today!

Business Banking & Commercial Services

Business Loans That Fuel 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. This funding has empowered local entrepreneurs to purchase new equipment, hire more staff, and increase their services. - 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 That Simplify Operations

In addition to loans, our merchant services provide practical solutions for daily operations. Imagine streamlining payment processing so you can focus on what really matters growing your business. Our systems are designed with you in mind, making transactions smoother and enhancing customer satisfaction. No matter where you are in your business journey, Lake Michigan is dedicated to providing the tools and resources necessary for success. Visit us at 5519 Glenwood Hills Pkwy Se Grand Rapids Mi 49512 in Grand Rapids, MI or call us at (616) 242-9790 to learn more about how we can help your business thrive!

Comprehensive List Of Services

Connect with Us

We invite you to reach out if you have any questions about our services or how we can assist you further. Call us at (616) 242-9790 or visit us at our branch located at 5519 Glenwood Hills Pkwy Se Grand Rapids Mi 49512 in Grand Rapids, MI. The team at Lake Michigan is eager to help you with all your financial needs. Your journey towards better financial health starts here let's make it happen together!

Embracing Digital Convenience

In today's fast-paced world, convenience is key. That's why we prioritize digital banking features that allow you to manage your accounts from anywhere. With our online banking platform, you can check balances, transfer funds, and monitor transactions right from your smartphone or computer. Imagine being able to handle all your banking tasks during your lunch break or while lounging at home it's that simple!

Everyday Banking Needs

We understand that managing finances can sometimes feel overwhelming, which is why we aim to simplify your banking experience. Our services include essential offerings like ATM services, making it easy for you to access your cash whenever you need it. Picture this: it's a Saturday morning, and you need cash for a family outing. With our convenient ATM services available to you, getting cash is just a quick stop away.

Support When You Need It

Life can throw unexpected expenses your way, and having access to reliable financial solutions is crucial. At Lake Michigan, we offer various options tailored to meet those needs. While our current focus includes ATM services only, we are committed to ensuring that every member feels supported in their financial goals.

Digital & Online Banking

Key Features

Our online banking service is available 24/7 at http://www.lmcu.org, allowing you to check balances, transfer funds, and pay bills with just a few clicks. No need to worry about time constraints; your banking needs are covered around the clock. Plus, with our electronic signature authorization feature, signing documents has never been easier or more secure. If you prefer going paperless, we offer e-statements that keep you informed while reducing clutter. You can easily view your statements online whenever you need them, making it a breeze to track your financial activity. For those who love mobile banking, our mobile application is available for download, giving you instant access to all your banking services right from your smartphone. You can even make mobile payments effortlessly just tap and go! And when it comes to transferring money to friends or family, our person-to-person transfer feature makes sending cash quick and easy.

Security and Accessibility

At Lake Michigan, your security is our top priority. Our digital banking services are equipped with robust security measures to protect your personal information. You can bank with peace of mind knowing that we take every precaution to keep your data safe. With everything designed for ease of use, managing your finances has never been more accessible. Whether you're checking your balance during lunch or paying bills late at night, you have the control right in your hands. Discover how our digital banking services can enhance your banking experience at Lake Michigan today!

Financial Strength

Commitment to Innovation

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. We have $56,155 in used auto loans and $11,981,389,651 in total loans and leases, which supports our members' financial goals across various sectors.

Member-Centric Savings

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 commitment to operational efficiency is reflected in our $0 for the period. This allows 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.

Robust 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.

Strong Member Base

Total Share and Deposit Accounts: 1,286,000, showing a strong and growing member base that trusts us with their finances. With net shares amounting to $119,129,434, we have ample funds available for lending and investments. 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 5519 Glenwood Hills Pkwy Se Grand Rapids Mi 49512 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Loan Offering

At Lake Michigan, we understand that each member has unique financial needs, whether it's buying a new car, purchasing a home, or managing day-to-day expenses. Our diverse range of loan products is designed to meet those needs effectively. With over 269,299 loans issued, we've helped thousands of members achieve their financial goals. Our auto loans are particularly popular; 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. If homeownership is on your mind, our mortgage options make it simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $716,130,857, which can help you purchase or refinance your dream home with ease. For those looking to manage their finances more flexibly, we provide unsecured credit card loans with a total of $200,170,787 available. This allows our members to handle unexpected expenses or consolidate existing debts without the need for collateral. If you're a business owner, you'll be pleased to know that our outstanding commercial loans amounting to $1,764,695,201 can provide the capital needed for growth and expansion. We also recognize that refinancing options can be beneficial for many of our members. If you're considering refinancing your current loans or exploring eligibility options, please reach out to us at (616) 242-9790. Our dedicated team is here to guide you through every step of the process. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Lake Michigan, we are committed to supporting your financial journey with transparent and accessible lending solutions tailored just for you.

Loan Aggregator

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Ensuring Accurate Loan Comparisons

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Lake Michigan