Lake Michigan Credit Union Kentwood MI | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Lake Michigan Credit Union, your trusted financial partner located at 6206 Kalamazoo Ave SE, Kentwood, MI 49508. Since our establishment in 1933, we have dedicated ourselves to serving our community with integrity and a personal touch. With a robust membership of 496,820 and total assets exceeding $14.38 billion, we are committed to providing you with exceptional service and financial solutions tailored to your needs. At Lake Michigan Credit Union, we believe that banking should be straightforward and accessible. That's why we offer a wide range of services, including checking and savings accounts, auto loans, mortgage financing, personal loans, and business banking solutions. Our dedicated team works tirelessly to ensure that you have the resources necessary for achieving your financial goals. While members can visit us at our Kentwood branch, official correspondence should be sent to our mailing address at PO Box 2848, Grand Rapids, MI 49501. Our branch is equipped with convenient features such as drive-thru banking and ATM services to make your banking experience as seamless as possible. Under the leadership of our CEO, Julie Leonard, and Board President Gretchen Tellman, our team strives to foster a welcoming atmosphere where all members feel valued. With over 1,678 employees working diligently across our organization, we're proud to support both individual members and local businesses alike. Feel free to reach out to us at (616) 242-9790 for any questions or assistance. Whether you're looking to open an account or explore loan options, we invite you to visit us or check out our website at www.lmcu.org for more information. Join us in building a brighter financial future together!

Branch History & Mission

A Commitment to Innovation

As technology evolves, so do we. Our digital advancements ensure that you can manage your finances conveniently and securely through online banking and mobile applications. Whether you want to check your balance or transfer funds between accounts, we've made it easier than ever while adhering to ADA compliance standards for accessibility.

Join Us

We invite you to experience the difference at Lake Michigan Credit Union. Together, let's build a brighter financial future. Visit us today at 6206 Kalamazoo Ave SE or call us at 616-242-9790 for more information on how we can serve your financial needs. If you wish to send official correspondence, please use our mailing address: PO Box 2848, Grand Rapids, MI 49501. Join our family today and see how we can help you thrive!

Our Mission

At Lake Michigan Credit Union, our mission is simple yet powerful: we strive to provide excellent financial services while making a positive impact in our community. We believe that everyone deserves access to affordable banking options, whether it's personal checking accounts, auto loans, mortgages, or business banking solutions. Our commitment goes beyond just numbers; it's about building relationships and supporting the people who rely on us. We actively engage in community outreach and partnerships aimed at enhancing the quality of life for residents in Kentwood and surrounding areas. From sponsoring local events to providing educational resources about financial literacy, we aim to empower individuals with the knowledge they need to make informed decisions.

Branch Location & Accessibility

Call Us Today!

Have questions or want to learn more about how we can serve you? Don't hesitate to give us a call at 616-242-9790. We invite you to come by and experience the warm welcome at Lake Michigan in Kentwood. Let's work together toward achieving your financial goals!

Operating Hours

We're here for you during the week! Our lobby hours are Monday through Friday from 9 AM until 5:30 PM and we also offer Saturday hours from 9 AM to 1 PM specifically for drive-thru banking. This way, whether you need to handle some quick transactions or explore our full range of services, we've got you covered.

Our Location

Whether you're a long-time member or new to our community, finding us is simple. Our branch is easily accessible with ample parking available right outside. Plus, we're committed to making our services available to everyone, with features like ADA-compliant ramps ensuring that everyone can visit us comfortably. If you need to send official correspondence, please note that while you can visit us at our physical address, you should direct your mail to PO Box 2848, Grand Rapids, MI 49501.

Services Offered

At Lake Michigan, we pride ourselves on providing a variety of personal banking options tailored to meet your needs from checking and savings accounts to auto loans and mortgage refinancing. Need cash? We have an ATM on-site for quick withdrawals and balance checks. If you're looking for a more personal touch, our friendly staff is always ready to help with any inquiries or transactions at the drive-thru.

Member Eligibility

Joining the Lake Michigan family means becoming part of a welcoming community that prioritizes your financial well-being. To become a member, you simply need to meet a few friendly eligibility criteria. If you live, work, or worship in the areas we serve, you're already on your way to enjoying all the benefits we offer! Additionally, anyone who is related to a current member can also join. You'll find that membership opens doors to personalized services like checking and savings accounts, loans, and more tailored just for you. For the latest details on eligibility, be sure to check out our website at . Starting your membership journey with us is straightforward and hassle-free. All you need to do is visit us at our branch located at 6206 Kalamazoo Ave Se Kentwood Mi 49508, or give us a call at (616) 242-9790 if you have any questions. Our team is here to assist you every step of the way, ensuring you feel right at home as soon as you walk through our doors. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Merchant Services That Matter

But it's not just about loans. Our merchant services are designed with your business needs in mind. Imagine a bustling cafe where customers pay seamlessly with their cards while you manage orders from your mobile device. Our services ensure that payments are processed efficiently, letting you focus on what you do best growing your business. Located at 6206 Kalamazoo Ave Se Kentwood Mi 49508 in Kentwood, MI, we're here to provide the tools and support you need for success. Join us at Lake Michigan and let's work together to achieve your business goals!

Tailored 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.

Comprehensive List Of Services

Additional Services

At Lake Michigan, we also provide basic drive-thru banking for simple transactions like deposits and withdrawals. If you're in a hurry or prefer the convenience of ATMs, our basic ATM access allows for easy withdrawals and balance checks without stepping inside. We invite you to explore all that we have to offer at Lake Michigan. Our friendly staff is ready to assist you with any questions or concerns regarding our services. Feel free to reach out by calling us at (616) 242-9790, or better yet, visit us in person! We look forward to helping you achieve your financial goals today!

Business Banking Services

Our commitment extends beyond personal finance; we also cater to businesses in the area. With our business banking services, including merchant services and business loans, we help local entrepreneurs thrive. Whether you need financing for new equipment or support for daily operations, we're here for you.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking options. You can check balances, transfer funds, pay bills, and even send money to friends and family using our user-friendly mobile app. Our ATM services ensure that cash withdrawals are quick and accessible when you need them.

Credit Card Offers

For those who want rewards for their spending, we have credit cards with rewards programs that allow you to earn points on purchases. This can lead to discounts on future transactions or even cashback, giving more value for every dollar spent.

Personal Banking Solutions

We offer an array of personal banking options designed to help you manage your money effectively. Our checking and savings accounts come with features that make it easy to track your spending and grow your savings. For those looking to purchase a vehicle, our auto loans and vehicle financing solutions provide competitive rates and flexible terms, making it easier for you to hit the road in style. If you're planning on buying a home, our mortgage loans and refinancing options will guide you through the process smoothly. Perhaps you're interested in consolidating debt? Our personal loans can help simplify your finances by combining multiple payments into one manageable loan.

Digital & Online Banking

Key Features

Our online banking platform allows you to access your accounts anytime, anywhere. You can check balances, transfer funds, and pay bills with just a few clicks. For those who prefer mobile banking, our user-friendly mobile application makes it even simpler to manage your finances on the go. Sending money to friends or family? Our person-to-person transfer feature ensures that your payments are quick and hassle-free. Plus, with electronic signature authorization, signing documents is as easy as tapping a button no need for paper or ink!

Security and Accessibility

Security is a top priority for us at Lake Michigan. We employ the latest technology to protect your information while giving you peace of mind. You can also choose to receive e-statements, making it easier to keep track of your transactions without the clutter of paper statements. Whether you're at home or out and about, our mobile payments feature lets you make purchases directly from your phone. This means no more fumbling for cash or cards when you're at the register. In today's fast-paced world, having real-time access to your accounts helps you stay on top of your financial goals. With our comprehensive digital banking services, managing your money is not just easy; it's tailored to fit into your busy life. Explore all that Lake Michigan has to offer in digital banking by visiting us at http://www.lmcu.org today!

Financial Strength

Community Trust

Our community trusts us with their finances as demonstrated by the total share accounts reaching 1,286,000. This growing member base shows how individuals like you value our services. 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 6206 Kalamazoo Ave Se Kentwood Mi 49508 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.*

Financial Health

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.

Member-Centric Approach

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 operations reflect efficiency with a reported $0 which helps us 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 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 supports your financial goals with $56,155 in used auto loans and $11,981,389,651 in total loans and leases.

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 competitive interest rates to ensure that your financing fits comfortably within your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. We understand the unique challenges businesses face and are committed to offering tailored solutions that help your business thrive.

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. Our credit cards come with rewards and benefits designed to fit your lifestyle, allowing you to earn while you spend.

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. Whether you're a first-time homebuyer or looking to refinance an existing loan, our dedicated team is here to guide you through every step of the process.

Refinancing Options

If you're looking for ways to lower your monthly payments or tap into your home's equity, our refinancing options are here for you. We can help you explore eligibility and find the best solution for your situation. At Lake Michigan, we believe in empowering our members with the financial tools they need. For more information about our loan products or to speak with one of our knowledgeable representatives, please contact us at (616) 242-9790. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Visit us at our branch located at 6206 Kalamazoo Ave Se Kentwood Mi 49508, Kentwood, MI, where we're ready to assist you on your path toward achieving your financial goals!

Loan Aggregator

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LAKE MICHIGAN CREDIT UNION - Kentwood, MI