Lake Michigan Credit Union Kalamazoo MI | Low Mortgage Rates & Business Banking

Introduction

Welcome to Lake Michigan, your trusted financial partner located at 6170 W Main St, Kalamazoo, MI 49009. Since our establishment in 1933, we've dedicated ourselves to serving our community with a focus on member satisfaction and financial well-being. With a robust membership of 496,820, we take pride in offering personalized banking solutions tailored to meet your unique needs. At Lake Michigan, we understand that the journey toward financial stability is personal. That's why we have grown our total assets to an impressive $14,380,227,851, ensuring we have the resources to support you through every step of your financial journey. Our commitment is reflected in our total deposits of $1,216,867,746 and our net worth of $1,637,578,402. We believe in empowering our members by providing competitive loan options currently managing a total of 269,299 loans and leases. Our leadership team is committed to excellence. Under the guidance of CEO Julie Leonard and Board President Gretchen Tellman, we're not just a credit union; we're a community hub where you can feel valued and secure. Our friendly staff of 1,678 employees is always ready to assist you with services ranging from checking and savings accounts to auto loans and business banking. While members can visit us at 6170 W Main St, official correspondence should be sent to our mailing address: PO BOX 2848, Grand Rapids, MI 49501. Whether you prefer visiting us in person or reaching out by phone at 616-242-9790, we're here to help. Explore the many ways we can assist you today! Visit us online at http://www.lmcu.org or call us for more information about how we can support your financial goals. Your future starts here at Lake Michigan!

Branch History & Mission

Lake Michigan Credit Union has a rich legacy that stretches back to 1933 when it opened its doors in Kalamazoo, Michigan. Over the years, we have grown from a small community-focused institution into one of the largest credit unions in the state, proudly serving a total membership of 496,820. Our commitment to providing exceptional financial services has helped us accumulate total assets of over $14.38 billion. Located at 6170 W Main St, Kalamazoo, MI 49009, our branch is not just a place for banking; it's a hub for community engagement and support. Whether you're near the beautiful parks or local shops, you'll find us conveniently situated to serve your needs. While members can visit us at this address, official correspondence should be sent to PO BOX 2848, Grand Rapids, MI 49501. Our mission is clear: we strive to empower our members through accessible financial solutions while actively contributing to the communities we serve. We offer a wide range of services including personal banking options like checking and savings accounts, auto loans, mortgages, and credit cards with rewards. Our business banking services also provide essential tools for local entrepreneurs. At Lake Michigan Credit Union, we believe that banking should be easy and inclusive. That's why we've invested in digital advancements such as online and mobile banking platforms that allow members to manage their finances anytime and anywhere. We are also dedicated to accessibility, ensuring that our facilities meet ADA standards. Community outreach is at the heart of what we do. We engage in various partnerships and initiatives aimed at uplifting local organizations and supporting those in need. This dedication reflects our belief that financial health goes hand-in-hand with community well-being. Our operating hours make it convenient for everyone to access our services: Monday through Wednesday from 9:00 AM to 5:00 PM, Thursday and Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM. For added convenience, we offer drive-thru banking services during these hours as well as ATM access for quick transactions. Join us at Lake Michigan Credit Union and experience a different kind of banking one that puts you first! Whether you're looking for personal finance solutions or ways to grow your business, we're here to help you achieve your goals. Visit us today or give us a call at 616-242-9790!

Branch Location & Accessibility

Accessibility and Parking

At our West Main location, we prioritize accessibility for all members. The branch is fully compliant with ADA standards, featuring ramps and ample parking to ensure a smooth visit. Whether you're coming in for a quick transaction or need assistance with more complex financial matters, our staff is here to help.

Operating Hours

We understand that life can be busy, so we offer flexible operating hours to accommodate your schedule. Our lobby is open Monday through Wednesday from 9:00 AM to 5:00 PM, Thursday and Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM. If you prefer drive-thru banking, we have those services available as well open Monday through Wednesday from 8:30 AM to 5:30 PM, Thursday and Friday until 6:00 PM, and Saturday from 9:00 AM to 1:00 PM.

Services Offered

At Lake Michigan's West Main branch, we offer a variety of services tailored to meet your personal and business banking needs. From checking and savings accounts to auto loans and mortgages, our dedicated team is ready to assist you every step of the way. We also provide online and mobile banking services for added convenience so you can manage your finances anytime, anywhere. Whether you're a long-time member or new to our community, we invite you to visit us at our Kalamazoo location or give us a call at 616-242-9790. We're excited to help you achieve your financial goals!

Member Eligibility

Becoming a member of Lake Michigan feels like joining a warm, welcoming family where your financial needs come first. If you live, work, worship, or attend school in the Kalamazoo area, you're already on the right path! This means anyone connected to our vibrant community can easily become part of our supportive network. At Lake Michigan, we offer a range of benefits designed to help you thrive, from personalized banking solutions to competitive loan rates and exceptional customer service. Ready to take the next step? Opening an account is straightforward and convenient. Just visit us at 6170 W Main St Kalamazoo Mi 49009 or give us a call at (616) 242-9790 for more details. You can also check out the eligibility criteria for membership at [this link](). Join us today and experience the advantages of being a part of Lake Michigan!

Business Banking & Commercial Services

Lending Options 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.

Merchant Services for Everyday Needs

In addition to loans, we provide essential merchant services that simplify daily operations. Imagine having reliable payment processing solutions that allow you to focus on what you do best running your business. Our services help you manage transactions smoothly, ensuring you can serve your customers without any hiccups. Visit us at 6170 W Main St Kalamazoo Mi 49009 in Kalamazoo, MI or call us at (616) 242-9790 to learn more about how our business banking and commercial services can empower your success!

Comprehensive List Of Services

ATM and Drive-Thru Services

We also provide essential ATM services for quick cash withdrawals and balance checks. Plus, our drive-thru banking allows for simple transactions without leaving your car perfect for those on the go! At Lake Michigan, we pride ourselves on making banking straightforward and accessible. If you have any questions or want to learn more about how we can assist you with your financial journey, don't hesitate to reach out! Give us a call at 616-242-9790, visit us in Kalamazoo, or check out our website at http://www.lmcu.org. We look forward to serving you!

Business Banking Solutions

For business owners, we provide comprehensive business banking services, including merchant services and tailored business loans. We know how important it is to have financial support as you grow your business.

Credit Cards & Rewards

Looking for a credit card that gives back? Our credit cards with rewards offer great benefits for everyday spending while helping you build your credit.

Digital Banking Features

In today's fast-paced world, convenience matters. That's why we offer robust online and mobile banking solutions. You can manage your accounts anytime, anywhere! With features like mobile payments, person-to-person transfers, and e-statements, handling your finances has never been easier.

Personal Banking

Our personal banking services are tailored to fit your lifestyle. We offer checking and savings accounts that can help you manage your finances effectively. For those considering a new vehicle or needing a reliable mode of transportation, our auto loans and vehicle financing options provide competitive rates that make purchasing a car stress-free. If you're thinking about buying a home or refinancing an existing mortgage, our mortgage loans are here to assist you every step of the way. Additionally, we understand that life can bring unexpected expenses; our personal loans and debt consolidation options can help you regain control over your finances.

Digital & Online Banking

Key Features

Our online banking services include 24/7 access, allowing you to check balances, transfer funds, and pay bills whenever it suits you. You can also enjoy electronic statements, which means no more paper clutter just easy access to your financial information whenever you need it. Plus, we offer electronic signature authorization for smooth and quick transactions. If you're always on the go, our mobile application makes banking even simpler. You can make mobile payments with ease and send money directly to friends or family using our person-to-person transfer feature. This allows you to settle up for dinner or share expenses in seconds without needing cash.

Security and Accessibility

We take your security seriously. Our systems are built with robust security measures to keep your personal information safe while giving you peace of mind as you bank online. Our user-friendly design ensures that navigating through your accounts is straightforward, whether you're using a computer or a mobile device. With these digital tools at your fingertips, managing your money has never been easier. Whether you're at home or on the move, Lake Michigan is committed to providing you with accessible and efficient banking solutions tailored to meet your needs. Embrace the convenience of online banking today!

Financial Strength

Growing Member Base

Total Share Accounts: 1,286,000, showing a strong and growing member base that trusts us with their finances. Our commitment is evident not just in numbers but in the relationships we build within the community. 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 6170 W Main St Kalamazoo Mi 49009 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.*

Operational Efficiency

Our performance reflects our operational efficiency with a net income of $0. 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 who are dedicated to providing excellent service at all times.

Reinvesting for You

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.

Secure Savings Options

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 Capital Foundation

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, 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 to suit your budget and can help guide you through the financing process.

Business Loans

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. Whether you need funds for inventory, equipment, or other business necessities, we are committed to supporting local businesses. At Lake Michigan, we also offer refinancing options for many of our loan products to ensure you get the best possible rates and terms. If you're interested in learning more about your eligibility for any of our loan products or refinancing options, feel free to reach out! If you have any questions or would like to explore your options further, don't hesitate to contact us at (616) 242-9790. Our team is ready to help you find the right loan solution tailored to your needs. For additional insights and information on our financial offerings, please visit the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Credit Card Loans

Managing day-to-day expenses can be challenging, which is why 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 competitive rates and rewards that make your spending more rewarding.

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 believe that owning a home should be accessible for everyone, and our dedicated team is here to assist you every step of the way.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users make informed decisions. 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 testimonial reflects the effectiveness of our platform in delivering valuable insights. 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.

Ensuring 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). This commitment ensures that users receive fair and transparent offers tailored to their needs.

Lake Michigan