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

Introduction

Welcome to Lake Michigan Credit Union, your trusted partner in financial growth and community support. Located at 12409 Stafford Rd, Ravenna, MI 49451, we have been proudly serving our members since 1933, building strong relationships based on trust and reliability. With over 496,820 members and total assets exceeding $14.38 billion, we are committed to providing personalized banking solutions tailored to meet your needs. At Lake Michigan, we understand that every member's financial journey is unique. That's why we offer a wide range of services including checking and savings accounts, auto loans, mortgage financing, and business banking options. Our total deposits currently stand at $1.22 billion, showcasing the confidence our community has in us. Additionally, with a robust loan portfolio of 269,299 loans and leases, we are here to help you achieve your financial goals. While members can visit us at our Ravenna branch for all their banking needs, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49546. Our dedicated team of 1,678 employees is led by our CEO, Julie Leonard, and Board President, Gretchen Tellman, who together ensure that we remain focused on delivering exceptional service. With a net worth of $1.64 billion and cash reserves of $72.5 million, Lake Michigan Credit Union stands as a pillar of strength in the community. We invite you to explore how we can assist you in achieving your financial aspirations. Don't hesitate to reach out give us a call at 616-242-9790 or visit our website at www.lmcu.org for more information. Join us today and experience the difference that comes from being part of a credit union that truly cares about its members!

Branch History & Mission

Our Journey

Since opening our doors at 12409 Stafford Rd, Ravenna, MI 49451, Lake Michigan has welcomed countless members into our family. Over the years, we have expanded our services and improved our offerings to ensure that everyone in our community has access to the financial tools they need. Today, we proudly serve a membership base of over 496,820 individuals. Our total assets have reached an impressive $14,380,227,851 an indicator of our strong financial health and commitment to supporting our members. Our headquarters in Grand Rapids serves as a hub for innovation and collaboration that fuels our local branches like ours in Ravenna. We are dedicated to staying ahead of the curve by implementing digital advancements that make banking easier for everyone. From online banking and mobile payments to ATM access and drive-thru services, we prioritize convenience while ensuring compliance with ADA standards.

Our Mission

At Lake Michigan, our mission is simple yet powerful: to empower individuals and families through comprehensive financial services while actively contributing to the well-being of our community. We believe that everyone deserves access to quality banking solutions tailored to their unique needs. Whether you're looking for personal banking options like checking accounts and auto loans or seeking business banking solutions such as merchant services and business loans, we're here for you. We also understand that being part of the community means giving back. Our outreach efforts include partnerships with local organizations aimed at supporting education, health initiatives, and economic development within Ravenna and beyond. As we look toward the future, we invite you to join us on this journey. Experience the benefits of being part of a credit union that not only cares about your financial success but also invests in the growth of your community. Visit us at Lake Michigan today or give us a call at 616-242-9790 to learn more about how we can help you achieve your financial goals!

Branch Location & Accessibility

Convenient Access for Everyone

We understand that accessibility is important to all our members. That's why our branch is designed with features that accommodate everyone, including ADA-compliant entrances and ramps. Plus, we offer ample parking to ensure your visit is as convenient as possible.

Operating Hours Tailored for You

Our operating hours are crafted with your busy schedule 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. Whether you're coming in early or prefer a weekend visit, we're here when you need us.

Services Designed for Your Needs

At Lake Michigan's Ravenna branch, we provide a full range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards our offerings are designed with you in mind. Additionally, we feature an ATM for quick cash withdrawals and basic transactions, along with drive-thru banking for those on the go. We invite you to stop by or call us at 616-242-9790 to learn more about how we can serve you better. At Lake Michigan Credit Union, we look forward to being part of your financial journey!

Member Eligibility

At Lake Michigan, we believe that becoming a member is like joining a warm and welcoming family. If you're looking to be part of a community that truly cares about your financial well-being, you've come to the right place! To become a member of Lake Michigan, you simply need to meet our eligibility criteria, which are designed to include as many people as possible. Generally, anyone who lives, works, or worships in the areas we serve can apply. It's all about connecting with our local community and supporting each other. For the most accurate and detailed information regarding eligibility, please check out our website at . Opening an account with us is just as straightforward. We aim to make the process easy and enjoyable so that you can start taking advantage of our great services without any hassle. Whether you're interested in checking accounts, savings options, or loans, we're here to guide you every step of the way. If you have any questions or need assistance, don't hesitate to give us a call at (616) 242-9790. We're excited for you to join us at Lake Michigan, located at 12409 Stafford Rd Ravenna Mi 49451, where your financial journey gets the personal touch it deserves!

Business Banking & Commercial Services

Business Loans 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. Imagine a local café that started with just a few tables but now serves hundreds daily. With the right financing options, they were able to purchase new equipment and renovate their space, turning dreams into reality.

Merchant Services That Simplify Transactions

In today's fast-paced world, having efficient merchant services is crucial. At Lake Michigan, we offer seamless payment processing solutions that allow you to focus on what you do best running your business. Picture a retail shop where customers can check out quickly using various payment methods, enhancing their shopping experience and boosting sales. Join us at Lake Michigan, located at 12409 Stafford Rd Ravenna Mi 49451, Ravenna, MI, and discover how we can help your business thrive!

Comprehensive List Of Services

ATM & Drive-Thru Services

Need cash on the go? Our ATM services provide easy access for withdrawals and balance checks. For those who prefer face-to-face interactions for quick transactions, our basic drive-thru banking service handles deposits, withdrawals, and simple transactions efficiently. At Lake Michigan, we strive to make banking a hassle-free experience for all our members. Whether you're in need of personal finance guidance or looking for business solutions, we invite you to visit us at 12409 Stafford Rd Ravenna Mi 49451 or give us a call at (616) 242-9790. Let us help you navigate your financial journey with confidence! Ready to take the next step? Join us today at Ravenna your trusted partner in financial wellness!

Business Banking Solutions

For small business owners, we offer robust business banking solutions including merchant services and business loans. We believe in supporting local entrepreneurs and helping them thrive in the community.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer comprehensive online and mobile banking services that allow you to manage your accounts anytime, anywhere. With features like mobile payments and person-to-person transfers, accessing your funds is just a few taps away.

Loans and Credit Options

Life can throw unexpected expenses your way, but with our personal loans and debt consolidation options, you can find peace of mind knowing that help is available. Plus, our credit cards come with rewards programs that allow you to earn while you spend, making everyday purchases even more rewarding.

Personal Banking

Managing your finances has never been easier with our personal banking options. Whether you're looking for checking and savings accounts to handle daily transactions or auto loans and vehicle financing to get you on the road, we've got you covered. If you're planning to buy a home or refinance an existing mortgage, our mortgage loans are tailored to fit your budget and lifestyle.

Digital & Online Banking

Convenient Online Banking

With our 24/7 online banking service available at http://www.lmcu.org, you can check your account balances, pay bills, and transfer funds from the comfort of your home or on the go. Whether it's early in the morning or late at night, our platform is always open for you.

Mobile Application and Payments

Our user-friendly mobile application makes banking even more accessible. You can download it today to enjoy features like mobile payments, which let you make quick transactions without needing cash or cards. Plus, with person-to-person transfers, sending money to friends and family is just a few taps away.

Secure and Efficient Services

Security is a top priority at Lake Michigan. We offer electronic signature authorization to streamline your transactions safely. You can also opt for e-statements, reducing paper clutter while ensuring that you have access to important information whenever you need it. We strive to make your banking experience convenient and straightforward. Explore all these digital services today and see how easy it is to manage your finances with Lake Michigan!

Financial Strength

Commitment to Excellence

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 members' financial goals across various sectors with $56,155 in used auto loans and $11,981,389,651 in total loans and leases. Our operational efficiency is reflected in 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, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Member-Centric Savings

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.

Solid Financial 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.

Trustworthy Partnership

Net Shares (Funds available for lending and investments): $119,129,434. Total Share and Deposit Accounts: 1,286,000, showing a strong and growing member base that trusts us with their finances. 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 12409 Stafford Rd Ravenna Mi 49451 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Loan Offering

Additional Information

If you are considering refinancing any existing loans or want to know more about eligibility options, our knowledgeable staff is here to assist you every step of the way. You can reach us at (616) 242-9790 for personalized support tailored to your needs. 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 invite you to visit us at 12409 Stafford Rd Ravenna Mi 49451, Ravenna, MI, and explore how our loan offerings can help turn your financial aspirations into reality.

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 new ride or a reliable used vehicle, we have options that cater to your budget and preferences.

Business Loans

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 importance of having reliable financial support for your entrepreneurial endeavors.

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 offer flexible terms and competitive rates designed to fit your unique circumstances.

Unsecured Credit Card Loans

Managing everyday expenses can be challenging, which is why we also provide flexible terms on unsecured credit card loans. With a total of $200,170,787 in loans helping members manage their finances effectively, you can enjoy peace of mind knowing you have access to credit when you need it.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures 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 the offers presented are fair and transparent. Each loan comparison reflects the most current rates available, allowing users to make well-informed decisions.

Lake Michigan