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

Introduction

Welcome to Lake Michigan Credit Union, your trusted financial partner located at 4027 Lake Dr SE, Grand Rapids, MI 49546. Established in 1933, our credit union has grown into a vital part of the community, proudly serving over 496,820 members and managing an impressive $14.38 billion in assets. We're not just about numbers; we're dedicated to providing personalized banking solutions that cater to your unique needs. At Lake Michigan Credit Union, we believe in the power of community and strive to make a positive impact through our services. Whether you need a checking account, an auto loan, or business financing, we're here for you. With total loans amounting to 269,299 and deposits reaching $1.22 billion, we ensure that your money is not only safe but also working hard for you. Our leadership team, led by CEO Julie Leonard and Board President Gretchen Tellman, is committed to maintaining the highest standards of service and member satisfaction. With a team of 1,678 employees, we are always ready to assist you with any financial needs. 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. You can reach us directly at (616) 242-9790 during our lobby hours Monday through Thursday from 9 AM to 5:30 PM and Friday until 6 PM. Explore our services today by visiting us online at www.lmcu.org. Join us on this journey towards financial wellness and experience the benefits of being part of Lake Michigan Credit Union!

Branch History & Mission

Welcome to Lake Michigan, a cornerstone of financial support in the heart of Grand Rapids, MI. Since our establishment in 1933, we have been dedicated to building strong relationships with our members and the community. Our journey began with a simple mission: to provide accessible financial services while fostering community growth and empowerment. Over the years, we have proudly expanded our reach and capabilities. Today, we serve over 496,820 members and manage assets totaling an impressive $14,380,227,851. Our branch, located at 4027 Lake Dr Se Grand Rapids Mi 49546, is not just a place for banking; it's a hub for community engagement and support. We invite you to visit us during our operating hours: Monday through Thursday from 9 AM to 5:30 PM and Friday from 9 AM to 6 PM. Our mission at Lake Michigan is clear: we aim to empower individuals by offering personalized financial services that help them achieve their goals. Whether it's through checking and savings accounts, auto loans, or mortgage refinancing, we are here to make banking easier and more accessible. We believe that everyone deserves the opportunity to thrive financially, which is why we also provide resources for business banking, including merchant services and business loans. In addition to financial services, we are deeply committed to giving back to our community. We actively participate in local events and partner with various organizations to support those in need. This dedication to service reflects our belief that when our community flourishes, we all benefit. As technology advances, so do we. Our digital services include online banking, mobile payments, and e-statements, ensuring that you can manage your finances conveniently from anywhere. We prioritize accessibility by ensuring compliance with ADA standards and providing essential services like ATM access. While members can visit us at 4027 Lake Dr Se Grand Rapids Mi 49546, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if different. If you're looking for a financial partner who genuinely cares about your success, look no further than Lake Michigan. Join us today and experience firsthand the benefits of being part of a community-focused credit union where your financial well-being is our top priority. For any inquiries or assistance, feel free to reach out at (616) 242-9790. Together, let's build a brighter future!

Branch Location & Accessibility

Call to Action

We invite you to come experience the exceptional service and community-focused banking that Lake Michigan Credit Union provides. If you have any questions or want more information before visiting, don't hesitate to give us a call at 616-242-9790. We look forward to serving you soon!

Nearby Landmarks and Accessibility

Our branch is just a stone's throw away from beautiful parks and local shops, making it easy to combine your banking trip with other errands or leisure activities. Parking is available right outside our doors, ensuring a hassle-free visit. We take pride in being accessible to everyone, with ADA-compliant features like ramps for those who may need assistance.

Operating Hours

We know that life can be busy! That's why our lobby hours are designed with your convenience in mind. You can visit us Monday through Thursday from 9 AM to 5:30 PM, and on Fridays until 6 PM. Our friendly staff is ready to assist you during these hours, so feel free to drop by when it works best for you.

Services Offered

At Lake Michigan Credit Union, we offer a variety of services tailored to meet your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Plus, enjoy the added convenience of our ATM services right here at the branch.

Member Eligibility

At Lake Michigan, we believe that becoming a member is like joining a family where everyone supports one another. If you're looking to be part of a community that truly cares, you're in the right place! To be eligible for membership at Lake Michigan, you typically need to live, work, worship, or attend school in our service area. It's all about creating connections with people who share similar experiences and values. While we encourage everyone to check out the specific eligibility criteria at this link, rest assured that our goal is to welcome as many people as possible into our cooperative spirit. Opening an account with us is a breeze! You can easily start your journey by visiting our website or giving us a call at (616) 242-9790 for more details. We're here to help you every step of the way, ensuring that your transition into membership is smooth and welcoming. Whether you're interested in personal banking, loans, or just want to learn more about what we offer, we can't wait to have you join our vibrant community at Lake Michigan, located at 4027 Lake Dr Se Grand Rapids Mi 49546.

Business Banking & Commercial Services

Commercial 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. - With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses. Imagine having the capital to seize new opportunities or manage unexpected challenges without the stress of financial constraints. Our tailored loan solutions can provide just that.

Merchant Services for Everyday Needs

In addition to loans, we offer merchant services that simplify transactions and boost your efficiency. Picture this: a busy café using our point-of-sale systems that seamlessly accept payments while tracking sales data in real time. This means less time worrying about the numbers and more time delighting your customers. Located at 4027 Lake Dr Se Grand Rapids Mi 49546 in Grand Rapids, MI, we're here to help your business thrive. For more information about how we can assist you, visit us online at http://www.lmcu.org or call us at (616) 242-9790. Let's grow together!

Comprehensive List Of Services

Business Banking

For business owners, Lake Michigan offers comprehensive business banking services, including merchant services and business loans. We understand that running a business comes with its own set of challenges, and we're here to provide the support you need to thrive.

Convenient Access

With ATM & cash withdrawal services available at multiple locations, accessing your funds has never been easier. We also offer basic ATM access for withdrawals and balance checks perfect for those times when you're on the go. In today's fast-paced world, convenience matters. That's why we emphasize our online and mobile banking features allowing members to manage their finances anytime, anywhere. Whether you're at home or out running errands, taking care of your banking needs is just a few taps away. We invite you to discover all that Lake Michigan has to offer at Lake Dr Corporate. If you have questions or want more information about any of our services, don't hesitate to reach out at (616) 242-9790. Let us help you achieve your financial goals!

Credit Options

Managing debt? Our personal loans and debt consolidation services are designed to help ease financial stress. Picture having a single monthly payment instead of juggling multiple debts this can be a reality with our tailored solutions. Additionally, our credit cards come with rewards that allow you to earn benefits while making everyday purchases. It's like getting paid to shop!

Mortgage Solutions

If home ownership is on your mind, look no further than our mortgage loans and refinancing options. We understand that buying a home is one of the biggest decisions you'll make, which is why we're here to guide you every step of the way. Our knowledgeable staff can help you find a mortgage solution that fits your budget and lifestyle.

Personal Banking

Our personal banking services include checking and savings accounts tailored for everyone. Imagine being able to effortlessly manage your money with user-friendly online and mobile banking options. You can check balances, transfer funds, and even make payments right from your phone. For those considering a new vehicle, our auto loans and vehicle financing options make it easy to drive away in the car you want. With competitive rates and flexible terms, we help simplify the process so you can focus on choosing the right car for you.

Digital & Online Banking

Key Features

Our digital banking offers a variety of features tailored to enhance your experience: - Electronic Signature Authorization: Say goodbye to paperwork! With electronic signature authorization available, signing documents is quick and secure. - E-Statements Availability: Keep track of your finances without the clutter. Our e-statements allow you to view and manage your account statements online whenever you need them. - Mobile Payments Feature: Enjoy the freedom of making payments on the go. Our mobile payments feature lets you pay at stores or send money to friends directly from your phone. - Mobile Application Availability: Download our mobile app for even more flexibility. You can access all our online banking services right from your smartphone. - Person-to-Person Transfers: Need to send money to someone? Our person-to-person transfer service makes it easy and fast to send cash to friends or family without any hassle. At Lake Michigan, we prioritize your security. Your personal information is protected with advanced encryption technology, ensuring that your data remains safe while you bank online. We're here to make managing your money as easy as possible so you can focus on what truly matters in life. Experience banking that fits into your lifestyle with us 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 4027 Lake Dr Se Grand Rapids Mi 49546 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Growing Membership Base

Total Share Accounts: 1,286,000, showcasing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $119,129,434.

Member-Focused 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 operational efficiency is evident in our $0, which 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.

Reinvestment in Services

Our dedication to improving member experience is further highlighted by our $1,594,899,679 in undivided earnings. This allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. 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.

Strong Financial Position

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 commitment to your financial wellbeing is reflected in our net worth ratio of $1,136, demonstrating a solid capital foundation. This ensures 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. We provide flexible terms and straightforward eligibility options to ensure you find a plan that works for you.

Credit Lines and Commercial Loans

For those needing extra flexibility, our credit lines total $3,484,836,767, giving you access to funds when you need them most. Additionally, for business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand your operations. If you're considering refinancing any existing loans or want to explore eligibility options for our various products, we're here to help. Our branch located at 4027 Lake Dr Se Grand Rapids Mi 49546 is open Monday through Friday for your convenience. You can also reach us at 616-242-9790 for any inquiries or assistance regarding 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. We're dedicated to serving our community and look forward to helping you navigate your financial journey!

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. Our knowledgeable staff is here to guide you through the process and answer any questions you may have.

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 an excellent way to handle daily expenses while earning rewards.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. This transparency ensures that users can easily navigate their options without the confusion often associated with loan shopping. LendMesh guarantees accurate loan comparisons by sourcing its data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. These standards are based on the latest results (Source: https://www.ncua.gov), ensuring fair and transparent offers for all users. By focusing on reliable institutions, LendMesh builds a foundation of trust and integrity in its comparisons. One of the key benefits of using LendMesh is its commitment to Verified Data. All loan offers are sourced from legitimate financial institutions, which means users can have confidence in the information they receive. Additionally, there are No Sponsored Listings; LendMesh does not prioritize lenders based on paid promotions. The goal is to provide unbiased results that truly reflect available options. With Real-Time Rate Comparisons, LendMesh keeps users informed with up-to-date loan rates from multiple institutions. This feature allows individuals to make educated decisions based on current market conditions, ensuring they choose the best possible option for their financial situation. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Testimonials like this highlight the effectiveness of LendMesh in helping individuals secure favorable rates. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

Lake Michigan