Lake Michigan Credit Union Grand Rapids MI | Low Mortgage Rates & Business Loans

Introduction

At Lake Michigan Credit Union, we understand that your financial journey is unique, and we're here to support you every step of the way. Located at 1210 Spaulding Ave Se, Grand Rapids, MI 49546, our Cascade branch has been a trusted partner in the community since 1933. With over 496,820 members and assets totaling an impressive $14,380,227,851, we are dedicated to providing personalized service tailored to your needs. While members can visit us at our branch for all their banking needs, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. Our commitment goes beyond numbers; it reflects our dedication to serving our members and enhancing the local community. Led by our CEO, Julie Leonard, and Board President Gretchen Tellman, we pride ourselves on our strong leadership team of 1,678 employees who work tirelessly to provide excellent service. We offer a wide range of services including checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking options. With total deposits reaching $1,216,867,746 and a net worth of $1,637,578,402, we ensure your money is safe while working hard for you. Our financial strength allows us to support over 269,299 loans and leases, helping you achieve your goals whether it's buying a new car or funding a home renovation. We invite you to experience the Lake Michigan difference where member-focused service meets community spirit. For more information or assistance with your financial needs, feel free to reach out at (616) 242-9790 or visit our website at www.lmcu.org. Join us today and take the next step toward achieving your financial dreams!

Branch History & Mission

Welcome to the story of Lake Michigan, a credit union that has been a cornerstone of financial support and community engagement in Grand Rapids, MI since it opened its doors in 1933. Over the years, we have grown alongside our members, evolving into a trusted financial partner with a membership of nearly 500,000 individuals. Our main branch is conveniently located at 1210 Spaulding Ave SE, Grand Rapids, MI 49546, a place where we invite you to experience personalized banking services designed to meet your unique needs. Lake Michigan began its journey during a time when families were seeking stability in their finances. The founders aimed to create an institution that would prioritize member welfare over profits. This guiding principle remains at the heart of everything we do today. As we have expanded, so too has our commitment to providing outstanding financial products and services while fostering strong community ties. With total assets exceeding $14.3 billion, Lake Michigan has become one of the largest credit unions in the region. Our mission is simple yet profound: to empower our members by offering affordable banking solutions and investing in the communities we serve. We understand that each member's financial journey is different, which is why we offer a wide range of services from checking accounts and auto loans to mortgages and business banking. In addition to traditional banking services, we are proud to embrace technology that enhances your banking experience. Our online and mobile banking platforms allow for easy access to accounts anytime, anywhere. You can also enjoy convenient features such as ATM availability and drive-thru banking for quick transactions. Community outreach is another vital aspect of our mission. We actively engage in initiatives that support local organizations and promote financial literacy among our members. Partnerships with schools and charities help us give back and strengthen our ties within the community. While members can visit us at 1210 Spaulding Ave SE, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. We invite you to explore what makes Lake Michigan special come see how our dedicated team can assist you in achieving your financial goals. Join us today at Lake Michigan and discover how being a member means more than just having a bank; it means being part of a family committed to your success! For any inquiries or assistance, feel free to reach out at 616-242-9790 or visit us online at http://www.lmcu.org.

Branch Location & Accessibility

Convenient Location

Situated in the heart of Grand Rapids, our Cascade branch is easily reachable from major roads and nearby landmarks such as the bustling Centerpointe Mall and the scenic Cascade Park. With ample parking available right outside, you can visit us without any hassle. We also ensure our facilities are ADA-compliant, making it easy for everyone to access our services.

Get in Touch

If you have any questions or need assistance, don't hesitate to reach out! Call us at 616-242-9790 or stop by during our operating hours. While members can visit us at our physical location on Spaulding Ave SE, please note that official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. We invite you to come experience what makes Lake Michigan Credit Union a trusted partner in your financial journey. Your satisfaction is our priority!

Operating Hours and Services

At Lake Michigan Credit Union, we value your time. That's why we offer flexible 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. Our dedicated staff is ready to assist you with a variety of services including checking and savings accounts, auto loans, mortgages, credit cards with rewards, and more. For those on the go, we provide convenient ATM access and drive-thru banking options for quick transactions like deposits and withdrawals. This means you can manage your finances without stepping inside the branch if you choose not to.

Member Eligibility

Becoming a member of Lake Michigan is like joining a family that genuinely cares about your financial well-being. If you're wondering whether you can join us, the good news is that eligibility is quite inclusive! You can become a member if you live, work, worship, or attend school in the areas we serve, which helps to create a strong community bond. We welcome individuals from all walks of life and are excited to help you with your financial goals. For more details on eligibility, feel free to visit our website at . Joining Lake Michigan not only gives you access to a variety of personal and business banking services but also places you in an environment where your needs truly matter. The process of opening an account is straightforward, and our friendly team is here to guide you every step of the way. To get started or if you have any questions, don't hesitate to call us at (616) 242-9790. We can't wait for you to experience the benefits of membership at Lake Michigan, located at 1210 Spaulding Ave Se Grand Rapids Mi 49546!

Business Banking & Commercial Services

Loan Options for Every Business

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. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses.

Practical Merchant Services

In addition to loans, we offer merchant services that streamline payment processes for your business. Whether you're a local café or a growing retail store, our services make it easy for customers to pay using various methods. This not only enhances customer satisfaction but also helps you manage transactions efficiently. Visit us at 1210 Spaulding Ave Se Grand Rapids Mi 49546 in Grand Rapids, MI to learn how our business banking and commercial services can empower your business today!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? Our Auto Loans & Vehicle Financing options can help turn that dream into reality. With competitive rates and flexible terms, we ensure that financing your vehicle is straightforward. Picture driving off the lot with the car you've always wanted, knowing you've secured an excellent loan from Lake Michigan.

Business Banking

For local business owners, we offer comprehensive Business Banking solutions including Merchant Services & Business Loans. Our goal is to support your business's growth and success by providing the financial tools you need to thrive in today's marketplace.

Convenient Access

Accessing your accounts has never been easier! With our ATM & Cash Withdrawal Services, you can withdraw cash or check balances anytime, day or night. Additionally, our basic drive-thru banking allows for quick deposits and withdrawals without leaving your car perfect for busy schedules!

Credit Cards with Rewards

Make every purchase count with our Credit Cards with Rewards program! Whether you're buying groceries or planning a vacation, earn rewards for spending on things you already buy. It's a simple way to maximize the value of your everyday expenses.

Get Started Today!

At Lake Michigan, we believe in making banking simple and accessible for everyone. Whether you're exploring personal finance options or seeking business solutions, we're here for you. For more information about our services or to speak with one of our friendly representatives, feel free to call us at (616) 242-9790 or visit us online at Cascade. Let's take this journey together towards achieving your financial dreams!

Mortgage Loans & Refinancing

For those looking to buy a home or refinance an existing mortgage, our expert team offers tailored Mortgage Loans & Refinancing solutions. We understand that buying a home is one of the most significant financial decisions you'll make. That's why we work closely with you to find a mortgage option that suits your budget and goals.

Personal Banking

Whether you're opening your first checking account or looking to save for a big purchase, our personal banking services make it easy. We offer various Checking & Savings Accounts that fit your lifestyle, helping you manage your money effortlessly. Imagine having a savings account that grows with you while providing quick access through Online & Mobile Banking it's all designed for your convenience!

Personal Loans & Debt Consolidation

Need extra cash for unexpected expenses or want to simplify your finances? Our Personal Loans & Debt Consolidation services provide flexible borrowing options to help you regain control over your finances. Imagine merging multiple debts into one manageable payment, easing your stress while saving on interest.

Digital & Online Banking

Key Features

Our online banking platform provides an intuitive interface, allowing you to check balances, transfer funds, and pay bills with just a few clicks. You can enjoy the convenience of electronic signature authorization, making it simple to sign documents securely from the comfort of your home. Plus, with e-statements available, you can easily keep track of your transactions without the clutter of paper statements. For those on the go, our mobile application offers all the features you love about online banking right in your pocket. Need to send money to a friend? Our person-to-person transfer feature makes it quick and hassle-free. Want to make purchases effortlessly? We also support mobile payments for added convenience at checkout.

Security and Accessibility

Security is a top priority at Lake Michigan. Our advanced security measures ensure that your personal information remains safe while you manage your accounts online. We believe that accessing your money should be easy, which is why our digital services are designed to be user-friendly and accessible for everyone. Whether you're using our website or mobile app, you'll have real-time control over your finances right at your fingertips. So why wait? Explore the possibilities with Lake Michigan's digital banking solutions today!

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. Our commitment to maintaining robust financial health is evident in our impressive figures, which reflect our dedication to serving you better. 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. Our strength also lies in our ability to reinvest in the future; with $1,594,899,679 in undivided earnings, we enhance our banking tools, lending options, and security measures. With $56,155 in used auto loans and $11,981,389,651 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our efficiency is highlighted by a $0 figure that reflects our operational success. This enables 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 available for lending and investments stand at $119,129,434, showcasing our readiness to support your borrowing needs. With a total of 1,286,000 share accounts, it's clear that many members trust 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 1210 Spaulding Ave Se Grand Rapids Mi 49546 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.

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 ride or securing a reliable used vehicle, we have flexible options that fit your budget.

Credit Lines and Business Loans

For those who need extra flexibility, our credit lines provide access to funds when needed. With $3,484,836,767 available, you can enjoy peace of mind knowing that financial support is just a call away. Additionally, for business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. At Lake Michigan, we prioritize your needs and are committed to offering loan products that empower you financially. Whether you're looking for an auto loan, mortgage financing, or personal credit options, we're here to help you every step of the way. Feel free to contact us at (616) 242-9790 or visit us at 1210 Spaulding Ave Se Grand Rapids Mi 49546 in Grand Rapids, MI for more information about our loan offerings. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

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 interest rates and personalized service to guide you through every step of the process.

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. This option is ideal for those looking to consolidate debt or make unexpected purchases without tying up valuable assets.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Loan 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), ensuring fair and transparent offers. This commitment to accuracy means users can trust that the information they see reflects current market conditions and valid options available.

Lake Michigan