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

Introduction

Welcome to Lake Michigan Credit Union, your trusted partner in financial well-being since 1933. Located at 5701 28Th St Se, Grand Rapids, MI 49546, we proudly serve our community with a commitment to providing exceptional banking services tailored to your needs. With a strong foundation built on trust and reliability, we have grown to support over 496,820 members and manage total assets of $14,380,227,851. At Lake Michigan Credit Union, we understand that your financial journey is unique. That's why our range of services from personal banking and auto loans to mortgage refinancing and business loans are designed to help you achieve your goals. With a total deposit base of $1,216,867,746 and a net worth of $1,637,578,402, our financial stability ensures that your money is safe and secure with us. While members can visit us at the branch for personalized assistance, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. Our friendly team is here to assist you during our convenient operating hours Monday through Thursday from 9:00 am to 5:30 pm, Friday from 9:00 am to 6:00 pm, and Saturday from 9:00 am to 1:00 pm. Under the leadership of CEO Julie Leonard and Board President Gretchen Tellman, we are dedicated to making a positive impact in our community. Our team of 1,678 employees is passionate about helping you navigate your financial landscape with ease. Ready to take the next step? Whether you're looking for advice on savings or need assistance with loans, we're just a phone call away at 616-242-9790. Visit us today or explore more about our offerings at http://www.lmcu.org. Let Lake Michigan Credit Union be your guide toward achieving your financial dreams!

Branch History & Mission

Community Engagement

We take pride in giving back to the community that supports us. Through partnerships with local organizations and outreach programs, we actively engage in initiatives that promote financial literacy and support those in need. Whether it's sponsoring local events or hosting workshops on budgeting and saving, we aim to uplift our neighbors and foster a strong sense of community.

Join Us

As you consider your financial future, we invite you to explore what Lake Michigan can offer you. From checking accounts tailored for your lifestyle to loans that help fulfill your dreams, we are here for you every step of the way. Visit us at our branch or contact us at 616-242-9790 today! Experience the difference of being part of a credit union that truly cares about its members and their success. While members can visit us at 5701 28Th St Se for all their banking needs, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. We look forward to welcoming you into the Lake Michigan family!

Mission Statement

At Lake Michigan, our mission is clear: we strive to empower our members through personalized financial services while making a positive impact in the communities we serve. We believe that everyone deserves access to affordable banking options that can help them secure their future. This is why we prioritize not only competitive rates but also exceptional customer service. We are committed to providing innovative solutions that make banking easier for you whether it's through online banking or mobile payments. Our facilities are designed to be accessible for all, ensuring compliance with ADA standards so everyone can feel welcome.

Our Journey

Lake Michigan began with a simple mission: to support our members in achieving their financial goals. Over the decades, we have expanded our services and adapted to the changing needs of our community. From auto loans and mortgages to personal banking and business services, we have continually evolved while maintaining our core values of trust, integrity, and community focus. Our total assets now exceed $14.3 billion, reflecting the strong relationships we've built with our members. We are proud to serve the vibrant community of Grand Rapids and beyond, helping individuals and families navigate their financial journeys.

Branch Location & Accessibility

Call to Action

We invite you to visit us at Lake Michigan! With our wide range of services tailored just for you, we are excited to help you achieve your financial goals. If you have any questions or need assistance, feel free to give us a call at 616-242-9790. We look forward to seeing you soon!

Convenient Banking Hours and Services

At Lake Michigan, we strive to make your banking experience as smooth as possible. Our lobby hours are designed to fit your busy schedule: Monday through Thursday from 9:00 AM to 5:30 PM, Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM. Whether you're stopping by for personal banking services like checking and savings accounts or exploring options for auto loans and mortgages, our friendly staff is here to assist you. For those on the go, we offer an ATM on-site for easy cash withdrawals and balance checks. Plus, enjoy the convenience of our drive-thru banking service for quick deposits and simple transactions without leaving your vehicle.

Nearby Landmarks and Accessibility Features

Situated near popular spots like the Woodland Mall and just a short drive from the scenic Reeds Lake, our location is ideal for those looking to mix errands with leisure. We understand how important accessibility is for our members. Our branch is fully ADA compliant, featuring ramps and designated parking spaces to ensure everyone can visit us comfortably.

Member Eligibility

At Lake Michigan, we believe that becoming a member is about joining a caring community that supports your financial journey. If you're looking to become part of our family, you're in the right place! Membership is open to anyone who lives, works, worships, or attends school in the Grand Rapids area, as well as their family members. This means that if you share our values and are ready to take control of your finances with personalized service and competitive rates, we would love to welcome you aboard. The process to join us is straightforward and inviting. You can easily open an account by visiting us at our branch located at 5701 28Th St Se Grand Rapids Mi 49546 or by giving us a call at (616) 242-9790 for more information. We encourage you to check out the detailed eligibility criteria here so you can see how simple it is to start enjoying the benefits of membership, such as access to a wide range of banking services designed just for you. Your journey towards better banking starts here!

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. - 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 purchase new equipment, hire additional staff, or open a new location. Our loans are designed to give you the financial boost you need at crucial moments.

Merchant Services

In addition to loans, we offer comprehensive merchant services that simplify payment processing for your business. Picture this: You're at a busy market event, ready to sell your products. With our merchant services, accepting card payments becomes effortless, allowing you to focus on what matters your customers. With our support at 5701 28Th St Se Grand Rapids Mi 49546, Grand Rapids, MI, we are dedicated to fueling the success of local businesses in our community. Let's take your business to the next level together!

Comprehensive List Of Services

Business Banking Services

For our business members, we offer essential services like merchant services and business loans. We know running a business comes with its challenges, so our team is here to support your journey with financial solutions that work.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why Lake Michigan provides robust online and mobile banking features. You can manage your accounts from anywhere at any time, making it simple to check balances, transfer funds, or pay bills right from your smartphone or computer. Our ATM and cash withdrawal services, along with basic drive-thru banking options for deposits and withdrawals, ensure that accessing your funds is always hassle-free.

Get Started Today

With so many ways to serve you from personal banking to business solutions our goal at Lake Michigan is to empower our members financially. If you want to learn more about any of these services or need assistance getting started, don't hesitate to reach out! Call us at (616) 242-9790, visit us at 5701 28Th St Se Grand Rapids Mi 49546, or explore more on our website: 28th St. We're excited to help you achieve your financial goals!

Personal Banking Solutions

Our personal banking options are designed with you in mind. We offer various checking and savings accounts that fit different lifestyles. Maybe you're saving for a vacation or preparing for unexpected expenses; our accounts come with features that help you manage your money effectively. When it's time to make a big purchase, consider our auto loans and vehicle financing. We understand that buying a car is a significant investment, and we're here to make it easier with competitive rates and flexible terms. For those looking to invest in real estate, our mortgage loans and refinancing options provide great opportunities to own your dream home or lower your monthly payments. If you find yourself needing extra funds, our personal loans and debt consolidation services can help you get back on track financially without overwhelming stress. Plus, enjoy the benefits of our credit cards with rewards, giving you more value for your everyday spending.

Digital & Online Banking

Enhanced Security and User-Friendly Features

Your security is our top priority. We offer electronic signature authorization to ensure that all your transactions are safe and verified. Plus, with e-statements available, you can easily keep track of your financial activity without the clutter of paper statements. Going green has never been easier!

Key Services

Visit us at http://www.lmcu.org to discover our full range of online services. With 24/7 access to your accounts through our secure online banking platform, you can check balances, pay bills, and transfer money with ease. Whether you're at home or on the go, you'll have the tools you need right at your fingertips.

Mobile Banking Made Easy

Our mobile application makes banking even more convenient. You can enjoy features like mobile payments for quick transactions and person-to-person transfers to send money to friends or family in an instant. Everything is designed to be user-friendly so that you can navigate with confidence. With all these options available at Lake Michigan, managing your money has never been simpler or more secure. Join us today and experience the convenience of digital banking!

Financial Strength

Growing Membership

We have a healthy membership base with a total of 1,286,000 accounts, showcasing the trust our members place in us. Our net shares available for lending and investments stand at $119,129,434, ensuring that we have the resources needed to meet your needs effectively. 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 5701 28Th St Se Grand Rapids Mi 49546 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

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, enabling 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 ready to serve you with a knowledgeable and committed team.

Reinvestment for Growth

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 is robust; with $56,155 in used auto loans and $11,981,389,651 in total loans and leases, we're equipped to support your 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 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. We have already issued over $838,829,803 in used vehicle loans and $175,403,814 in new vehicle loans, helping members get on the road with ease. Whether you're interested in financing a new or used vehicle, our team is here to guide you through the process and find an option that fits your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand your business. Whether it's for inventory purchases, equipment financing, or other operational needs, we are committed to supporting local businesses through tailored lending solutions.

Conclusion

At Lake Michigan, we pride ourselves on offering loan products that meet the diverse needs of our community. Whether it's securing an auto loan, mortgage financing, or managing expenses with an unsecured credit card loan, we're dedicated to helping you navigate your financial journey. Reach out to us at (616) 242-9790 for more information or visit us today!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $716,130,857. Our competitive rates and flexible terms can make it easier for you to settle into your dream home or refinance your current mortgage for better terms.

Unsecured Credit Card Loans

Managing your finances effectively can be made easier with our unsecured credit card loans. We currently have a total of $200,170,787 in these loans available, providing you with the flexibility to handle day-to-day expenses or unexpected costs without breaking the bank.

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. LendMesh ensures accurate loan comparisons by sourcing loan data 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 commitment guarantees fair and transparent offers for consumers looking to secure loans. One of the key benefits of using LendMesh is its Verified Data. All loan offers are sourced from legitimate financial institutions, ensuring transparency in every comparison. Additionally, LendMesh operates without Sponsored Listings; lenders are not prioritized based on paid promotions. This means users receive truly unbiased results tailored to their financial needs. Moreover, LendMesh provides Real-Time Rate Comparisons, displaying up-to-date loan rates from multiple institutions. This feature empowers users to make informed decisions swiftly and confidently. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" If you're ready to explore your options, 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