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

Introduction

Welcome to Lake Michigan, your trusted partner in financial wellness located at 2350 W Main St, Lowell, MI 49331. Established in 1933, we have proudly served our community for decades, helping nearly 496,820 members achieve their financial goals. With total assets of $14,380,227,851 and a robust net worth of $1,637,578,402, we are committed to providing solid financial solutions tailored just for you. At Lake Michigan, we understand that every member's journey is unique. That's why we offer a variety of services including personal banking, auto loans, mortgages, and business financing options. Whether you're looking to open a checking account or seeking help with debt consolidation, our dedicated team is here to support you every step of the way. While members can visit us at our branch location, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. With a friendly staff of 1,678 employees, led by CEO Julie Leonard and Board President Gretchen Tellman, we're not just about numbers; we're about relationships built on trust. Our commitment to you extends beyond transactions. With total loans exceeding 269,299, and deposits amounting to $1,216,867,746, we work diligently to ensure your funds are secure while providing opportunities for growth. Plus, with cash readily available at $72,514,751, you can feel confident knowing we are here for your immediate needs. Join us today! Visit our website at lmcu.org or call us at 616-242-9790 to learn more about how we can help you thrive financially. Your future starts here with Lake Michigan Credit Union where community matters!

Branch History & Mission

Community Commitment

Our connection with the community goes beyond just providing financial services. We actively engage in local partnerships and community outreach efforts aimed at uplifting those around us. We are dedicated to making a positive impact on the lives of our members through educational programs, financial literacy workshops, and various charitable initiatives. We invite you to become part of the Lake Michigan family. Join us today and experience firsthand how we can help you reach your financial dreams while being an integral part of a thriving community. Together, let's build a brighter future!

Our Mission

At Lake Michigan, our mission is clear: we strive to provide accessible financial services that foster economic well-being for every member. We believe in supporting not just individual financial success but also investing in community growth through various outreach initiatives. Whether it's offering personal banking solutions such as checking and savings accounts, auto loans, or business banking services, we aim to make banking easy and beneficial for everyone. We understand that each member's needs are unique. That's why we offer services like online and mobile banking for convenience and accessibility. Additionally, our commitment to ADA compliance ensures that everyone can utilize our facilities comfortably. Our drive-thru service allows for quick transactions without leaving your vehicle. While members can visit us at 2350 W Main St for all their banking needs, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if different from our branch address. For any inquiries or assistance, feel free to contact us at 616-242-9790 during our 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.

Branch Location & Accessibility

Convenient Access and Amenities

Our Lowell branch offers ample parking, ensuring a hassle-free visit. The facility is fully compliant with ADA guidelines, featuring ramps and accessible entrances for everyone. If you're on the go, take advantage of our drive-thru service for quick transactions without leaving your vehicle. For those who prefer digital banking, we have an ATM available for cash withdrawals and balance checks. Whether you need personal banking services like checking and savings accounts or loans for vehicles and homes, we've got you covered.

Friendly Hours Just for You

We understand that your time is valuable! That's why our lobby hours are designed with your convenience in mind. We're open 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.

Join Us Today!

At Lake Michigan Credit Union, we aim to make your banking experience as pleasant as possible. Stop by our Lowell branch today or give us a call at 616-242-9790 to learn more about our services. We look forward to welcoming you into our community!

Member Eligibility

At Lake Michigan, we believe that everyone deserves access to a supportive financial community. Joining us is simple and welcoming! To become a member, you need to meet a few eligibility criteria, which generally include living, working, or worshiping in our service area. If you're curious about the specifics, please check out our detailed guidelines. We're here to help you every step of the way, and becoming a member opens up a world of advantages like personalized service, competitive rates, and exclusive financial products tailored just for you. Opening an account with us is easy! Just stop by our branch at 2350 W Main St Lowell Mi 49331 or give us a call at (616) 242-9790 for more information on how to get started. We can't wait to welcome you into the Lake Michigan family!

Business Banking & Commercial Services

Member Commercial Loans

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.

Non-Member Support

We also recognize the importance of community support. While we focus on member services, we have also extended $0 in non-member commercial loans, providing flexible financing solutions for local businesses.

Outstanding Portfolio

With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses right here in Lowell, MI. Additionally, our merchant services streamline payment processes so that you can focus on what truly matters growing your business. Whether it's accepting card payments or managing transactions easily, we're here to provide the tools you need for success. Join us at Lake Michigan located at 2350 W Main St Lowell Mi 49331, where your business journey begins! For more information, feel free to call us at (616) 242-9790.

Comprehensive List Of Services

Business Banking

Small business owners will find valuable resources at Lake Michigan as well. Our Business Banking services, including Merchant Services and Business Loans, are designed to support local businesses like yours in achieving their financial objectives. Whether you're starting fresh or looking to expand, we are here to assist every step of the way.

Digital Services

In today's fast-paced world, convenience is key. That's why we offer robust Online and Mobile Banking solutions that allow you to manage your finances anytime, anywhere. You can easily check balances, make transfers, and even pay bills right from your smartphone. For quick cash access, our ATMs provide easy withdrawals and balance checks without any hassle. If you prefer face-to-face service but need flexibility, take advantage of our Basic Drive-Thru Banking for deposits and simple transactions when you're on the go. At Lake Michigan, we strive to create an environment where all members feel supported and empowered financially. With dedicated staff ready to help with any questions or concerns, reaching out is easy give us a call at (616) 242-9790 or visit us during our 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. Join us today at Lowell and explore how our comprehensive range of services can benefit you! We look forward to helping you achieve your financial goals!

Personal Banking

When it comes to personal banking, we understand that every member has unique goals and circumstances. That's why we offer Checking and Savings Accounts that help you manage your money with ease. From everyday spending to saving for future dreams, our accounts come with features designed for your convenience. For those considering a new vehicle, our Auto Loans and Vehicle Financing options provide competitive rates and flexible terms. Imagine driving off in your dream car while knowing you made a smart financial choice. If you're thinking about buying a home or refinancing an existing mortgage, our Mortgage Loans and Refinancing services can guide you through the process, making homeownership more accessible than ever. If unexpected expenses arise, our Personal Loans and Debt Consolidation options can help ease financial stress. Plus, with our Credit Cards featuring Rewards, you can earn points on everyday purchases turning spending into savings!

Digital & Online Banking

Key Features

Our online banking services come loaded with features designed to make your life easier. Want to send money to a friend? Our person-to-person transfer service lets you do just that with a few taps on your phone. And for those times when you need to sign documents quickly, we offer electronic signature authorization no more printing and scanning! To help you stay organized and eco-friendly, e-statements are readily available. You can access your statements online anytime without cluttering your mailbox. It's all about giving you the tools to manage your finances efficiently while keeping everything secure.

Security and Accessibility

Security is a top priority at Lake Michigan. We use advanced encryption technology to ensure that your personal information remains safe while using our digital services. You can feel confident knowing that every transaction is protected. Our user-friendly interface makes navigating our online banking services a breeze. Even if you're not tech-savvy, you'll find it easy to keep track of your accounts and make transactions seamlessly. In summary, our digital and online banking offerings at Lake Michigan provide you with the convenience and security needed for modern banking. With features like mobile payments, person-to-person transfers, e-statements, and electronic signature authorization all at your fingertips, managing your finances has never been easier!

Financial Strength

Commitment to Member 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. This commitment reflects our focus on growth and service enhancement. Additionally, with $56,155 in used auto loans and $11,981,389,651 in total loans and leases, our lending capacity supports your financial goals across various sectors.

Growing Member Base

The trust placed in us by our members is reflected in the total number of share accounts: 1,286,000. This growing member base shows that more individuals are turning to Lake Michigan for their financial needs. 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 2350 W Main St Lowell Mi 49331 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 operational efficiency is evident with a net income of $54,113,412, 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 dedicated to serving you with knowledgeable support.

Secure Savings Opportunities

Your 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 strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 11.36% 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

Additional Options

If you're considering refinancing any of your existing loans or exploring eligibility options for our various products, we're here to help. Our team at Lake Michigan can assist you in evaluating your current financial situation and finding the best solutions available. For more information about our loan offerings or to discuss how we can assist you further, feel free to reach out at (616) 242-9790. We look forward to helping you navigate your financial future! Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

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 interested in financing a brand-new model or a reliable used car, our flexible terms make it easy for you to find the right fit.

Business Financing

For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand your business. We understand the challenges businesses face and are here to support your vision with our tailored financing solutions.

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. These cards provide an excellent way to build credit while enjoying rewards and benefits tailored to your lifestyle.

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 can guide you through the process and offer competitive rates that fit your budget.

Loan Aggregator

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LAKE MICHIGAN CREDIT UNION - Lowell, MI

Type of Loan Offerings

Student Loans

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Loan rates in Lowell, MI (49331)