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

Introduction

Welcome to Lake Michigan Credit Union, your trusted financial partner in Livonia, MI! Nestled at 19025 Newburgh Rd, our branch has been serving the community since 1933, helping families and businesses thrive. With a commitment to your financial well-being, we proudly support over 496,820 members with a total asset base of $14,380,227,851. Our dedicated team is here to provide personalized service and innovative banking solutions tailored to meet your needs. We offer a wide range of services, including checking and savings accounts, auto loans, mortgage financing, and business banking options. Whether you're looking to buy your first home or manage your business finances, we have you covered. Under the leadership of CEO Julie Leonard and Board President Gretchen Tellman, our focus remains on fostering strong relationships within our community. We understand that every member's journey is unique, which is why we strive to create a welcoming environment where you feel valued. For those who may need to reach us via mail, please note that official correspondence can be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. We invite you to explore how we can assist you in achieving your financial goals. Call us today at 616-242-9790 or visit our website at www.lmcu.org for more information. Let us help you take the next step toward a brighter financial future!

Branch History & Mission

Commitment to Innovation

As part of our dedication to serving our members effectively, we have embraced digital advancements that enhance convenience without compromising security. Our offerings include online banking and mobile payments, making it easier than ever for members to manage their finances on-the-go. Additionally, our ATM availability ensures that cash access is always within reach. For those who prefer face-to-face interactions, our drive-thru service allows quick transactions without leaving your vehicle perfect for busy schedules!

Join Us

We invite you to become part of the Lake Michigan family! With a total membership nearing 496,820 and an array of services designed with you in mind, there's never been a better time to join us. Experience the difference of being part of a credit union that truly cares about your financial well-being. Visit us today or call us at 616-242-9790 for more information about how we can help you thrive!

Our Mission

Our mission at Lake Michigan is simple yet profound: to provide outstanding financial services while making a positive impact in our community. We believe that everyone deserves access to fair and affordable financial solutions. Whether it's personal banking services such as checking and savings accounts, auto loans, or mortgages, or business banking options like merchant services and business loans, we aim to empower our members to achieve their financial goals. In addition to our core services, we are dedicated to giving back to the community through various outreach programs and partnerships with local organizations. Our commitment extends beyond banking; we strive to support initiatives that enrich lives and foster growth within Livonia and surrounding areas. While members can visit us at 19025 Newburgh Rd, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if necessary.

Branch Location & Accessibility

Accessibility and Parking

We understand that convenience matters. Our branch offers ample parking for all members, including accessible spots for those who need them. The building is designed with accessibility in mind, featuring ramps and compliant entrances to ensure everyone can easily access our services.

Mailing Information

While members can visit us at our Livonia location, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501.

Operating Hours

Our dedicated team is ready to assist you during our operating hours. We welcome you Monday through Thursday from 9:00 AM to 5:30 PM, Friday from 9:00 AM to 6:00 PM, and Saturday for drive-thru services from 9:00 AM until 1:00 PM. Whether you need assistance with personal banking or are interested in exploring loan options, we're here when you need us.

Services Offered

At Lake Michigan Credit Union, we pride ourselves on offering a range of services tailored to meet your needs. From checking and savings accounts to auto loans and mortgage refinancing, we have solutions that can help you manage your finances effectively. Plus, enjoy easy access to ATMs and basic drive-thru banking for deposits and withdrawals.

Visit Us Today!

We invite you to stop by or give us a call at 616-242-9790 with any questions. Our team looks forward to helping you achieve your financial goals! Come experience the difference at Lake Michigan Credit Union where your needs come first.

Member Eligibility

At Lake Michigan, we believe that everyone deserves a supportive community to help them achieve their financial goals. Becoming a member is not just about opening an account; it's about joining a family that cares. If you live, work, or worship in our local area, you are likely eligible to become a member with us. We welcome individuals from all walks of life, ensuring that our services are accessible and inclusive for everyone. For those who want more details on eligibility criteria, feel free to check out the full information at . Joining is simple and straightforward! Once you're ready to take this step, visit us at 19025 Newburgh Rd Livonia Mi 48152, or give us a call at (616) 242-9790. We're here to guide you through the account opening process and answer any questions you might have. Enjoy the benefits of being part of Lake Michigan where your financial well-being is our priority!

Business Banking & Commercial Services

Merchant Services That Work for You

In addition to loans, we offer robust merchant services that simplify payment processing for businesses like yours. Picture this: a customer walks into your store, makes a purchase, and seamlessly pays using their preferred method whether it's a card or mobile payment. This convenience not only enhances customer satisfaction but also helps streamline your operations. Located at 19025 Newburgh Rd Livonia Mi 48152, Livonia, MI, we are ready to partner with you on your business success story. Let's work together to turn your vision into reality!

Tailored 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 securing funding for your next big project or expansion plans with ease. Our dedicated team is here to guide you through the loan process, ensuring you find the best options tailored to your needs.

Comprehensive List Of Services

Access When You Need It

For quick transactions, our ATM services allow for easy cash withdrawals and balance checks without stepping into the branch. Additionally, if you prefer face-to-face interactions for deposits or simple transactions, our drive-thru service provides convenience without compromising on service quality. At Lake Michigan, we believe in making banking straightforward and accessible for everyone. Whether you're managing personal finances or running a business, we're here to support you every step of the way. Ready to explore all the ways we can assist you? Visit us at 19025 Newburgh Rd Livonia Mi 48152 in Livonia, MI, or give us a call at (616) 242-9790 today!

Convenient Online & Mobile Banking

In today's fast-paced world, having access to your finances anytime, anywhere is crucial. That's why we offer robust online and mobile banking options. You can check your balance, transfer funds, pay bills, and even send money to friends with just a few taps on your smartphone. Our secure platform ensures that your information is protected every step of the way.

Financing Your Dreams

When it comes to making big purchases like a car or home, we have you covered with our auto loans and mortgage financing. Our team understands that buying a vehicle or purchasing a home is a significant step, and we strive to make the process as smooth as possible. With flexible terms and competitive rates, financing your dreams has never been more accessible.

Personal Banking Made Easy

Whether you're looking to open a checking or savings account, our personal banking options are designed to suit various lifestyles. Imagine having a checking account that helps you manage your day-to-day expenses effortlessly or a savings account that grows your money over time. We offer competitive interest rates and no monthly fees, making it easier for you to save.

Support for Your Business

For entrepreneurs and small business owners, our business banking services provide essential tools like merchant services and business loans. Picture being able to accept payments quickly through our merchant services while having access to funds when you need them through our tailored business loans. We are committed to helping your business thrive.

Digital & Online Banking

At Lake Michigan, we understand that convenience and security are essential when it comes to managing your finances. That's why we've designed our digital and online banking services to help you stay connected to your money anytime, anywhere. Whether you're at home, at work, or on the go, accessing your accounts has never been easier. Our online banking platform is available 24/7 at http://www.lmcu.org, allowing you to check balances, pay bills, and transfer funds without any hassle. You can also enjoy the peace of mind that comes with knowing your information is secure. With features like electronic signature authorization, you can sign documents electronically, making transactions quicker and more efficient. For those who prefer to manage their accounts on their smartphones, our mobile application is here for you. Available for download, it includes mobile payments and person-to-person transfer options. This means you can easily send money to friends or family with just a few taps. Plus, keeping track of your spending is straightforward with e-statements available at your fingertips. We know that life can get busy, so we've made sure that everything is user-friendly. Our digital tools are designed to give you real-time access to your accounts while ensuring that your data stays safe and secure. With these features at your disposal, managing your finances has never been simpler. Join us at Lake Michigan and experience how our digital banking services can enhance your financial journey!

Financial Strength

Commitment to Operational Efficiency

Our $0 reflects our operational efficiency, 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, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

Total Share and Deposit Accounts: 1,286,000, showing 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 19025 Newburgh Rd Livonia Mi 48152 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Member-Centric 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.

Reinvesting for Better Services

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. With $56,155 in used auto loans and $11,981,389,651 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Strong 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.

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 also offer refinancing options for existing auto loans, making it easier for you to save money on your monthly payments.

Business Loans

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 here to support your journey towards success. At Lake Michigan, we pride ourselves on offering personalized service and guidance throughout your borrowing experience. If you're interested in learning more about our loan products or exploring refinancing options, feel free to reach out 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. We look forward to helping you achieve your financial goals!

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 provide various eligibility options to help you find the best fit for your budget and lifestyle.

Unsecured 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. Whether you need help with everyday purchases or want to consolidate debt, our credit card offerings can provide the support you need.

Loan Aggregator

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How LendMesh Ensures Accurate Loan Comparisons

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Lake Michigan