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

Introduction

Welcome to Lake Michigan, your trusted partner in financial services located at 1619 E Mount Garfield Rd, Muskegon, MI 49444. Established in 1933, we have been dedicated to serving our community for over 90 years. With a strong commitment to our members, we currently support a thriving membership of 496,820 individuals and families who rely on us for their financial needs. At Lake Michigan, we understand that your financial journey is unique. That's why we offer a range of services tailored to meet your personal and business banking requirements. Our total assets amount to an impressive $14,380,227,851, reflecting our solid foundation and ability to support you with confidence. Whether you're looking for auto loans, mortgages, or personal loans, our team is here to guide you through every step. Under the leadership of CEO Julie Leonard and Board President Gretchen Tellman, we prioritize the well-being of our members above all else. Our total deposits stand at $1,216,867,746, showcasing the trust placed in us by our valued members. Furthermore, with a net worth of $1,637,578,402 and cash in hand totaling $72,514,751, we are positioned to provide you with the best possible service. While you can visit us at our branch address for all your banking needs, please note that official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. We invite you to experience the difference at Lake Michigan Credit Union. Feel free to reach out at 616-242-9790 or explore more about our offerings by visiting our website at www.lmcu.org. Join us today and let's take the next step together towards achieving your financial goals!

Branch History & Mission

Community Focus

We take pride in being more than just a financial institution; we're an active participant in the Muskegon area. Through various outreach efforts and partnerships with local organizations, we strive to uplift those around us. By investing back into our community, we help create stronger neighborhoods and brighter futures for everyone. While you can visit us at our branch address for all your banking needs, any official correspondence should be sent to PO Box 2848 in Grand Rapids, MI 49501.

Join Us!

If you're looking for a credit union that truly cares about its members and invests in the community's future, look no further than Lake Michigan Credit Union. Explore the benefits of membership today and discover how we can help you reach your financial goals. Call us at 616-242-9790 or visit us online at www.lmcu.org for more information. Join us on this journey towards financial empowerment!

Our Journey

Lake Michigan Credit Union began its journey with a mission to provide quality financial services while fostering a sense of belonging among its members. As we opened our doors nearly 90 years ago, we aimed to make banking accessible and beneficial for everyone in Muskegon. With every passing year, we have embraced new opportunities and adapted to meet the evolving needs of our community. Today, our branch not only offers traditional services such as checking and savings accounts but also provides auto loans, mortgages, personal loans, and business banking solutions. We understand that your financial journey is unique, and we are committed to being your trusted partner every step of the way.

Our Mission

At Lake Michigan Credit Union, our mission is simple yet profound: to empower our members through exceptional financial services while actively supporting our community's growth. We believe that when our members thrive, so does the entire community. This commitment drives us to offer personalized support, competitive rates, and innovative solutions that fit your lifestyle. Our operating hours reflect our dedication to accessibility; we are open Monday through Thursday from 9 AM to 5:30 PM, Friday until 6 PM, and Saturday from 9 AM to 1 PM. Whether you visit us in person or connect with us online through mobile banking or e-statements, we ensure that your experience is convenient and fulfilling.

Branch Location & Accessibility

Drive-Thru Banking and Services

For those on the go, we offer drive-thru banking where you can complete deposits, withdrawals, and other simple transactions without leaving your car. Additionally, our credit union provides a full range of personal banking services including checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and more all designed to help meet your financial goals. If you have any questions or need assistance, don't hesitate to give us a call at 616-242-9790. We're excited to welcome you into our community of members at Lake Michigan Credit Union! Come visit us today!

Nearby Landmarks and Accessibility

Located near the bustling intersection of Mount Garfield Road and Grand Haven Road, our branch is close to popular spots like the Lakes Mall and several local eateries. This makes stopping by for your banking needs simple and quick! We offer ample parking space right outside our doors, ensuring that you can easily access our services without hassle. Our facilities are also ADA compliant, featuring ramps and accessible entrances so that everyone can visit us comfortably.

Operating Hours

At Lake Michigan Credit Union, we understand that convenience is key. That's why we're open Monday through Thursday from 9 AM to 5:30 PM, on Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. Whether you need assistance with personal banking or simply want to use one of our ATMs available at this location you'll find that we're here when you need us.

Member Eligibility

Becoming a member of Lake Michigan is like joining a welcoming family that's dedicated to your financial well-being. If you live, work, or worship in the areas we serve, or if you're related to an existing member, you're likely eligible to join us. We pride ourselves on offering benefits that go beyond just banking; our members enjoy competitive rates, personalized service, and a range of products tailored to fit their needs. To get started, simply visit us at 1619 E Mount Garfield Rd Muskegon Mi 49444 or give us a call at (616) 242-9790. You can also check out the detailed eligibility criteria on our website here: . Once you confirm your eligibility, opening an account is quick and easy! Join us today and experience the advantages of being part of our community at Lake Michigan.

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. This support has enabled many local businesses to expand their operations, hire new employees, and invest in the community. For those not yet part of our member family, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that suit various business needs. With an outstanding commercial loan portfolio of $1,764,695,201, we continue to drive economic growth by financing new and expanding businesses. Whether you're looking for a small loan to purchase equipment or a larger investment for a significant expansion, we have options that can meet your unique needs.

Merchant Services

In addition to loans, our merchant services help streamline payment processing, making it easier for you to manage daily transactions. Imagine being able to accept payments from customers effortlessly whether they pay by card, mobile app, or online. This service helps improve cash flow and enhances customer satisfaction. Visit us at 1619 E Mount Garfield Rd Muskegon Mi 49444 in Muskegon, MI or call us at (616) 242-9790 to discover how our business banking and commercial services can help your business thrive!

Comprehensive List Of Services

Business Banking Services

If you're a business owner in need of financial support, look no further than our business banking services. We provide merchant services to help you accept payments easily and efficiently while offering business loans to help fund growth or manage cash flow.

Convenient Digital Banking Features

In today's fast-paced world, convenience is key. Our robust online and mobile banking platforms allow you to manage your accounts anytime, anywhere. Need cash? Utilize our ATM services for quick withdrawals or balance checks without stepping inside the branch. For those who prefer face-to-face interactions but want to save time, our drive-thru banking offers a simple solution for deposits and withdrawals.

Personal Banking Solutions

We understand that managing personal finances can sometimes feel overwhelming. That's why we offer a variety of checking and savings accounts tailored to fit different lifestyles and needs. Imagine having easy access to your funds, with online banking features that let you check balances, transfer money, and pay bills all from the comfort of your home or on the go with our mobile application. If you're considering purchasing a car, our auto loans and vehicle financing options can make that dream a reality. With competitive rates and flexible terms, getting behind the wheel has never been easier. And if you're thinking about buying a home or refinancing an existing mortgage, our mortgage loans provide personalized support every step of the way.

Support for Life’s Financial Hurdles

Life can throw unexpected challenges your way, which is why we also offer personal loans and debt consolidation services. Whether it's for medical expenses, home repairs, or consolidating high-interest debts into one manageable payment, we're here to help lighten the load. For those who enjoy using credit cards, our credit cards with rewards program offers great benefits. You can earn points for every purchase you make, turning everyday spending into rewards that can be redeemed for travel, gift cards, and more.

Your Local Resource

At Lake Michigan, we are dedicated to serving our community in Muskegon. With friendly staff ready to assist you at every turn and resources available online at http://www.lmcu.org , we're just a phone call away at (616) 242-9790. We invite you to visit us during our lobby hours Monday through Thursday from 9 AM to 5:30 PM, Friday until 6 PM, and Saturday from 9 AM to 1 PM to learn more about how we can meet your financial needs. Take the first step towards achieving your financial dreams with us today!

Digital & Online Banking

Key Features

One of the standout features is our electronic signature authorization, which lets you sign documents securely without needing to visit a branch. This means you can complete transactions quickly and efficiently, right from your device. Plus, our e-statements make it simple to keep track of your financial activity while helping to reduce paper clutter. For those who prefer using their smartphones, our mobile application offers all the functionality of our website at your fingertips. You can even make mobile payments easily whether you're splitting a bill with friends or paying for groceries our person-to-person transfers feature is here to help. Security is a top priority for us at Lake Michigan. We use advanced measures to protect your information and ensure safe transactions. Our user-friendly interface means that even if you're not tech-savvy, you'll feel comfortable navigating through our services. With everything from checking your balance to making payments available at any time, Lake Michigan is committed to providing accessible and efficient banking solutions tailored just for you. Experience the future of banking today with our comprehensive digital services!

Financial Strength

Commitment to Service

Our operational efficiency is highlighted by 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. This dedicated team ensures that our branches are always ready to serve you with knowledgeable assistance.

Growing Membership Base

The trust placed in us by our members is evident through our total share accounts of 1,286,000, showcasing a strong and growing member base that values what we offer. 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 1619 E Mount Garfield Rd Muskegon Mi 49444 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.

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 is robust, with $56,155 in used auto loans and $11,981,389,651 in total loans and leases supporting members' financial goals across various sectors.

Solid 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 provide competitive financing options tailored to fit your budget, whether you're interested in a brand-new model or a reliable pre-owned vehicle.

Credit Cards and Personal 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 come with competitive rates and rewards programs to make your spending work for you. Additionally, our personal loan offerings can assist with everything from debt consolidation to unexpected expenses. For business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand. We are committed to supporting local businesses as they thrive in our community. At Lake Michigan, we believe in making financing accessible and straightforward. If you're interested in refinancing options or want to check your eligibility for any of our products, please don't hesitate to reach out. You can contact us at (616) 242-9790 or visit us at our branch located at 1619 E Mount Garfield Rd Muskegon Mi 49444 in Muskegon, MI. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. No matter what your financial journey looks like, we're here to help you navigate it successfully.

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 aim to guide you through every step of the process, ensuring you understand your options and can choose what works best for your situation.

Loan Aggregator

Benefits of Using LendMesh

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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 guarantees that users receive accurate and fair offers tailored to their needs. Each listed loan option is thoroughly vetted to ensure reliability, helping users navigate their borrowing options confidently.

LAKE MICHIGAN CREDIT UNION - Muskegon, MI