Lake Michigan Credit Union Grand Rapids MI | Affordable Auto Loans & Business Banking

Introduction

Welcome to Lake Michigan Credit Union at 4050 Lake Dr Se, Grand Rapids, MI 49546! Since opening our doors in 1933, we've been committed to serving our community and providing financial solutions tailored to your needs. With a total membership of over 496,820 members, we pride ourselves on being more than just a financial institution; we are a trusted partner in your financial journey. As part of our mission, we manage total assets exceeding $14.38 billion and offer a variety of services, including personal banking, auto loans, mortgage options, and business financing. Our dedication is reflected in our robust financial health: we have total deposits of $1.22 billion, net worth standing at $1.64 billion, and cash readily available for our members amounting to $72.51 million. Our leadership team, led by CEO Julie Leonard and Board President Gretchen Tellman, works tirelessly to ensure that you receive the best possible service. Whether you're visiting us in person or accessing our online banking services through our website at lmcu.org, you can count on us for support. 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. At Lake Michigan Credit Union, we're not just about numbers; we're about people your goals are our goals. We invite you to explore what we offer and see how we can assist you in achieving your financial dreams. Feel free to reach out to us 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. Join us today and experience the difference with Lake Michigan Credit Union!

Branch History & Mission

At Lake Michigan Credit Union, we take pride in our rich history and unwavering commitment to our community. Established in 1933, our branch has grown alongside the vibrant city of Grand Rapids, MI. Located at 4050 Lake Dr SE, we are not just a financial institution; we are a cornerstone of support for nearly half a million members specifically, we proudly serve a total membership of 496,820. Our journey began with a simple mission: to provide accessible financial services while enhancing the lives of those in our community. Over the years, we've experienced remarkable growth and transformation. From humble beginnings, we've expanded our services to include personal banking, auto loans, mortgages, and business banking solutions. As of now, we hold total assets amounting to $14,380,227,851. This significant figure reflects our dedication to managing members' finances with integrity and care. Our mission is clear: to empower our members through comprehensive financial solutions while fostering community development. We strive to create an environment where everyone feels valued and supported whether that's through low-interest loans or financial education programs. We understand that every member has unique needs, and we aim to meet those with personalized services. While members can visit us at 4050 Lake Dr Se Grand Rapids Mi 49546, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. Our branch operates 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. For added convenience, we offer drive-thru banking for quick transactions. In addition to traditional banking services, we embrace digital advancements like online banking and mobile payments to ensure that your banking experience is as convenient as possible. We also prioritize accessibility by adhering to ADA compliance standards so everyone can benefit from our services. Our commitment extends beyond finance we actively engage in community outreach initiatives and partnerships aimed at improving lives in Grand Rapids and surrounding areas. By supporting local organizations and events, we work together towards building a brighter future for all residents. Join us at Lake Michigan Credit Union today! Experience firsthand how our dedicated team can help you achieve your financial goals while being part of a caring community focused on support and growth. Together, let's make strides toward a better tomorrow!

Branch Location & Accessibility

Convenient Operating Hours

Our doors are open to serve you during convenient 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. We strive to be here when you need us!

Drive-Thru Banking for Added Convenience

For those on-the-go days, we offer drive-thru banking services. You can take care of deposits, withdrawals, and simple transactions without even leaving your car. It's just one more way we make banking easier for you. While members can visit us at our branch address, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if needed. If you're looking for personal banking solutions like checking accounts or auto loans, or need assistance with mortgage financing and credit cards with rewards, our team is ready to help. Feel free to reach out at 616-242-9790 with any questions or visit us in person we're excited to meet you!

Easy Access for Everyone

At Lake Michigan, we understand that accessibility is key. Our branch features ADA-compliant facilities and ramps to ensure that all members can comfortably access our services. Plus, with ample parking available, you won't have to worry about finding a spot when you visit us.

Member Eligibility

At Lake Michigan, we believe that everyone deserves access to a supportive financial community. Becoming a member is easy and welcoming. If you're located in the Grand Rapids area or have family or household members who live with you, you can join us! We also invite individuals who work in certain fields or organizations that partner with us to become part of our family. This means that if you're looking for a place where your financial needs are truly understood, you've come to the right spot. Joining Lake Michigan not only opens the door to a range of financial services, from personal banking and auto loans to credit cards with rewards, but it also connects you with a community that prioritizes your well-being. To learn more about the specific eligibility requirements, feel free to check out the detailed information available at . And when you're ready to take the next step towards becoming a member, visit us or give us a call at (616) 242-9790. We can't wait to welcome you into our vibrant community at 4050 Lake Dr Se Grand Rapids Mi 49546!

Business Banking & Commercial Services

Loan Options for 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.

Practical Merchant Services

In addition to our loan offerings, we provide essential merchant services that simplify transactions. Imagine having the tools to accept payments easily, manage your cash flow, and gain insights into your sales all from one platform. Our services empower you to focus on what matters most: growing your business. If you're ready to take the next step in your business journey, visit us at 4050 Lake Dr Se Grand Rapids Mi 49546 in Grand Rapids, MI or call us at (616) 242-9790. Let's turn your vision into reality!

Comprehensive List Of Services

Business Banking

If you run a business, we have you covered as well. Our business banking services, including merchant services and business loans, are designed to support your growth and streamline your operations.

Digital Banking Convenience

In today's fast-paced world, convenience matters. That's why we prioritize digital banking features at East Paris. With our user-friendly online and mobile banking, managing your finances has never been easier. You can check balances, transfer funds, and pay bills from the comfort of your home or on the go. Want to send money to a friend? Our convenient person-to-person payment service makes it simple.

Easy Access Services

While we embrace technology, we also understand the importance of personal touch. For those who prefer face-to-face interactions, our branch offers basic drive-thru banking for quick deposits, withdrawals, and simple transactions without leaving your car. If you have any questions about these services or need assistance getting started, feel free to reach out! You can call us at (616) 242-9790, or stop by 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. At Lake Michigan, we're here for all your financial needs because when it comes to banking, we believe in making things easy for you! Visit us today at 4050 Lake Dr Se Grand Rapids Mi 49546, or explore more about our offerings online at our website. Let's work together towards achieving your financial dreams!

Personal Banking

We offer several personal banking options tailored just for you. Whether you're opening a checking or savings account, our friendly staff is here to guide you through the process. Need to finance that dream car? Our auto loans and vehicle financing options are designed with competitive rates that fit your budget. Plus, if you're considering buying a home, our mortgage loans and refinancing services can help make that dream a reality. For those unexpected expenses or plans that require extra funds, our personal loans and debt consolidation services offer flexible solutions. And don't forget about our credit cards with rewards they not only provide convenience but also great perks for your everyday purchases!

Digital & Online Banking

Key Features

Our online banking service is available 24/7, making it easy for you to check your balance, pay bills, and transfer money whenever it suits you. No more waiting in line or rushing to the bank before closing time! Plus, with our mobile application, you can take all these features on the go. Whether you're commuting or relaxing at home, you have full control over your finances right at your fingertips. Security is a top priority for us. Our electronic signature authorization feature means you can approve transactions safely without needing to visit a branch. You'll also appreciate the option of e-statements no more paper clutter! You can view your statements online whenever needed, helping you stay organized and informed about your financial health. Need to send money to friends or family? Our person-to-person transfers make it simple and quick. Just a few taps on your phone or computer will get the job done. And if you're looking to make payments on the fly, our mobile payments feature allows you to pay directly from your phone it's fast and efficient! At Lake Michigan, we're dedicated to providing tools that help you manage your money easily and securely. Explore our digital banking services today at http://www.lmcu.org and experience the convenience of modern banking!

Financial Strength

A Committed Team

Our team is dedicated to your success. We take pride in having 1,576 full-time employees and 102 part-time employees who are always ready to assist you with knowledgeable support. This commitment ensures that you receive the best service possible whenever you visit us.

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 4050 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. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Investing in Our Future Together

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 supports your financial goals across various sectors with $56,155 in used auto loans and $11,981,389,651 in total loans and leases.

Member-Centric Resources

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.

Solid Financial Health

With a net worth of $1,637,578,402, we maintain robust 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

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 for both new and used vehicles, ensuring you have options that fit your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. Whether you're starting a new venture or looking to improve an existing one, we have tailored solutions just for you.

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 flexible terms and competitive rates to help you navigate the path to owning your own home.

Refinancing Options

If you're considering refinancing any of your current loans, our team is here to guide you through the process. We offer competitive rates and terms that can save you money over time. At Lake Michigan, we're committed to making banking easy and accessible for our members. For more information about our loan products or to schedule a consultation, please call us at (616) 242-9790. Remember, 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 look forward to helping you take the next step toward achieving your financial goals!

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging, but 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 way to build your credit while enjoying rewards for your spending.

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 tool is designed to help you navigate the complex world of loans with ease and confidence. LendMesh ensures accurate loan comparisons through a commitment to transparency and reliability. 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 guarantees that users receive fair and transparent offers tailored to their needs. Using LendMesh comes with several key benefits: - Verified Data: All loan offers are sourced from legitimate financial institutions, ensuring that users can trust the information they receive. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions. The focus is solely on delivering unbiased results so that users can make informed choices. - Real-Time Rate Comparisons: Users have access to up-to-date loan rates from multiple institutions, enabling them to find the best deals quickly. 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!" This kind of feedback highlights the effectiveness of the tool in helping individuals save money and make better financial decisions. 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