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

Introduction

Welcome to Lake Michigan, your trusted partner in financial well-being since 1933. Located at 3870 Division Ave S, Grand Rapids, MI 49548, we are dedicated to serving our community with a range of personal and business banking solutions tailored to meet your needs. With a strong membership base of over 496,820 members, we take pride in fostering relationships built on trust and reliability. At Lake Michigan, our commitment extends beyond just numbers; it's about making a positive impact in the lives of our members. Our total assets stand at an impressive $14,380,227,851, which showcases our strength and stability. We also manage $1,216,867,746 in total deposits, ensuring that your hard-earned money is secure and accessible when you need it. We understand that borrowing can be daunting. That's why we have issued a total of 269,299 loans and leases, amounting to significant financial support for individuals and families in our community. Whether you're looking for auto loans, mortgage options, or personal loans, we've got you covered with competitive rates and personalized service. Our leadership team is committed to guiding Lake Michigan into the future. Under the direction of CEO Julie Leonard and Board President Gretchen Tellman, our dedicated staff of 1,678 employees is here to assist you every step of the way. They embody our mission to provide exceptional service while maintaining a friendly atmosphere. While you can visit us at our branch location for assistance or inquiries, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. Join us today to experience the difference that a member-focused credit union can make! Feel free to give us a call at 616-242-9790 or visit our website at www.lmcu.org for more information on how we can serve you better. Your journey towards smarter financial choices starts here!

Branch History & Mission

At Lake Michigan, we have a proud history of serving our community since our doors first opened in 1933. Located at 3870 Division Ave S in Grand Rapids, MI, our branch has been a cornerstone for families and businesses alike. Over the decades, we have grown alongside our members, evolving to meet their needs while maintaining our commitment to exceptional service and support. From humble beginnings, we now proudly serve a total membership of over 496,000 individuals. Our growth reflects the trust and loyalty of the people we serve, as well as our dedication to providing quality financial products and services. With total assets reaching an impressive $14.38 billion, Lake Michigan has established itself as a leader in the credit union space. Our mission is simple yet powerful: to empower our members through accessible financial solutions while fostering community spirit. We believe that everyone deserves the opportunity to achieve their financial goals, whether it's purchasing a new home, financing a vehicle, or saving for future aspirations. Our comprehensive range of services includes personal banking options like checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. While members can visit us at our branch address in Grand Rapids, official correspondence should be sent to PO Box 2848 in Grand Rapids, MI 49501. We understand that convenience matters; that's why we offer both ATM access and drive-thru banking for quick transactions. Our operating hours are designed to fit busy schedules: 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. In addition to providing essential banking services, Lake Michigan actively participates in community outreach efforts. We partner with local organizations and initiatives aimed at improving the lives of those around us. Our commitment extends beyond finances; we strive to make a meaningful impact in the communities we serve. As technology continues to advance, we ensure that our services remain accessible and user-friendly. Our online and mobile banking platforms allow members to manage their accounts anytime and anywhere. We also prioritize ADA compliance so that all individuals can easily engage with our services. Join us on this journey toward financial empowerment and community support! At Lake Michigan, you're not just a member; you're part of a family that values your goals and dreams. Experience the benefits of being with us today! For more information or assistance, please reach out at 616-242-9790 or visit our website at Lake Michigan Credit Union.

Branch Location & Accessibility

Call to Action

Ready to experience the difference at Lake Michigan? We invite you to visit our South Division branch or give us a call at 616-242-9790. Let us help you navigate your financial journey today!

Convenient Access and Amenities

At Lake Michigan, we prioritize accessibility. Our branch features ADA-compliant facilities with ramps and ample parking available for all our visitors. Whether you're coming in for a quick transaction or need assistance with more complex banking needs, our friendly staff is here to help.

Operating Hours

We know that your time is valuable. That's why we offer flexible operating hours to fit your busy schedule. Visit us Monday through Thursday from 9 AM to 5:30 PM, Friday from 9 AM to 6 PM, or Saturday from 9 AM to 1 PM.

Services Offered

Our South Division branch provides a range of services tailored to meet your personal and business banking needs. From checking and savings accounts to auto loans and mortgages, we have you covered. Plus, our drive-thru service ensures that you can handle quick transactions without leaving your vehicle. For added convenience, an ATM is available on-site for cash withdrawals and balance checks at any hour.

Member Eligibility

Becoming a member of Lake Michigan is like joining a warm, supportive family that puts your financial needs first. If you're located in our community or work here, you're likely eligible to join us. At Lake Michigan, we strive to create an inclusive environment where everyone feels welcome and valued. Membership is open to those who live, work, worship, or attend school in the areas we serve. You can check out more detailed eligibility information at . Opening an account is straightforward and convenient! Just stop by our branch at 3870 Division Ave S Grand Rapids Mi 49548, give us a call at (616) 242-9790, or visit our website for all the details on how to get started. We're excited to help you take your financial journey to the next level with personalized services and great benefits tailored just for you.

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 funds you need to invest in new equipment or expand your operations without the stress of complicated processes. Our straightforward application process ensures you can focus on what really matters growing your business.

Merchant Services

In addition to loans, we provide comprehensive merchant services that simplify payment processing for your business. Whether you're a retail shop or a service provider, our solutions allow you to accept payments seamlessly, making transactions easier for both you and your customers. This means quicker sales and happier clients. Located conveniently at 3870 Division Ave S Grand Rapids Mi 49548 in Grand Rapids, MI, our team is ready to partner with you on your journey to success. Let's work together to build a brighter future for your business! For more information, visit us online at http://www.lmcu.org or call us at (616) 242-9790.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

When it's time to purchase a vehicle, our auto loans and vehicle financing options make the process smooth and straightforward. Picture yourself driving off in that new car while enjoying competitive rates tailored for your budget. Our team is here to guide you through every step, ensuring you understand all your financing choices.

Business Banking

For small business owners, we offer specialized services including merchant services and business loans. We know how hard it is to run a business; that's why we're committed to being your trusted partner in growth and success. Whether you need cash flow assistance or tools for efficient transactions, we are here for you.

Convenient Access

Accessing these services has never been easier thanks to our ATM availability and drive-thru banking options at South Division. Need quick cash? Use our ATM for withdrawals or balance checks without stepping inside. Prefer face-to-face interactions? Our drive-thru service allows you to handle deposits and withdrawals swiftly. At Lake Michigan, we are more than just a credit union; we are part of the community focused on serving our members' needs. If you're ready to take the next step towards better financial health or simply have questions about any of our services, don't hesitate to reach out! Call us at (616) 242-9790 or visit us today at 3870 Division Ave S Grand Rapids Mi 49548 in Grand Rapids, MI. Your financial journey starts here!

Credit Cards with Rewards

Don't forget about our credit card offerings! With rewards programs that give back on every purchase, using your card can be both beneficial and rewarding. Imagine earning points on groceries or gas that lead to exciting travel opportunities down the line.

Mortgage Loans & Refinancing

For those looking to buy a home or refinance an existing mortgage, we provide tailored mortgage solutions. Buying a house is one of the biggest decisions you'll make, and having the right support can make all the difference. Our experts will help you navigate your options so you can find the best loan product for your situation.

Personal Banking

Starting with personal banking, we offer various checking and savings accounts designed to fit different lifestyles. Whether you need a simple account for everyday transactions or a high-yield savings option to grow your money, we've got you covered. Imagine being able to access your funds anytime through our user-friendly online and mobile banking platforms. You can check balances, transfer money, and pay bills right from the palm of your hand.

Personal Loans & Debt Consolidation

If you're facing unexpected expenses or want to consolidate debt into a single monthly payment, our personal loans can help ease financial stress. We understand life can throw curveballs, and we're here to provide flexible solutions that fit your unique circumstances.

Digital & Online Banking

Key Features

Imagine being able to check your balance, pay bills, or transfer money from anywhere at any time all with just a few clicks. Our online banking service allows you to do just that, giving you real-time control over your finances. Plus, with the option for electronic signature authorization, signing important documents is quick and secure. For those who prefer going paperless, e-statements are available to keep you updated on your account activity while helping the environment. You can easily access them whenever you need, reducing clutter and making it easier to track your finances.

Mobile Access

On-the-go? No problem! Our mobile application provides all the features you love from online banking right in the palm of your hand. Whether you want to make mobile payments or send money to friends and family through person-to-person transfers, it's all at your fingertips. With our mobile payments feature, shopping is simple just tap and go!

Security and Support

Your security is our priority. We ensure that all transactions are safe and secure, so you can bank with peace of mind. If you ever have questions or need assistance, our friendly team is just a phone call away at (616) 242-9790. In summary, Lake Michigan offers robust digital and online banking solutions that empower you to manage your finances anytime, anywhere. Experience the ease of modern banking today!

Financial Strength

Commitment to Service

Our operational efficiency is reflected in our $0, enabling 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 who are dedicated to serving you with a knowledgeable and committed team.

Growing Trust

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. 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 3870 Division Ave S Grand Rapids Mi 49548 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Investment in 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. 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 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.

Strong 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. Whether you're eyeing a reliable used vehicle or a brand-new model, our team is here to guide you through the financing process smoothly.

Business Loans

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. We recognize that having access to funding can be crucial for success, and we're dedicated to supporting local businesses in our community.

Conclusion

No matter what you're looking for whether it's an auto loan, mortgage financing, or support for your business Lake Michigan has the resources to assist you. Don't hesitate to reach out at (616) 242-9790 or visit us at 3870 Division Ave S Grand Rapids Mi 49548 in Grand Rapids, MI for personalized assistance. Your financial journey is important to us, and we're here to help every step of the way. 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 prioritize making your dream of owning a home a reality while ensuring that you understand each step along the way. If you're considering refinancing your current mortgage, we have options available that may help lower your payments.

Unsecured Credit Card Loans

Managing finances can sometimes be challenging. 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. Our credit cards come with rewards and benefits tailored to meet your everyday spending needs.

Loan Aggregator

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: NCUA). This commitment ensures that all offers are fair and transparent. Users can trust that the information they receive reflects the actual rates available from legitimate financial institutions.

Benefits of Using LendMesh

LendMesh prioritizes user needs through several key features: - Verified Data: All loan offers come from reputable financial institutions, providing users with reliable options. - No Sponsored Listings: Unlike many comparison tools, LendMesh does not prioritize lenders based on paid promotions. The goal is to present unbiased results that reflect true market conditions. - Real-Time Rate Comparisons: Users benefit from up-to-date loan rates across multiple institutions, enabling them to make well-informed choices quickly. Thousands of users trust LendMesh for their loan comparisons. One member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" With these features and real user experiences backing its reliability, LendMesh stands out as a trusted tool for anyone seeking competitive loan 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