Lake Michigan Credit Union Rochester Hills MI | Quick Personal Loans & Auto Financing

Introduction

Welcome to Lake Michigan Credit Union, your trusted financial partner located at 310 W Tienken Rd, Rochester Hills, MI 48306. Established in 1933, our commitment to the community has grown over the years, and we now proudly serve a membership of 496,820 individuals. With total assets of $14,380,227,851, we are dedicated to providing you with reliable financial services tailored to your needs. At Lake Michigan Credit Union, we believe in empowering our members by offering a wide range of services that include personal banking accounts, auto loans, mortgage refinancing, and business banking solutions. Whether you're looking to save for the future or finance a new vehicle, we're here to support you every step of the way. While members can visit us at our Rochester Hills branch for in-person assistance, official correspondence should be directed to our mailing address: PO Box 2848, Grand Rapids, MI 49501. We take pride in our strong leadership team headed by CEO Julie Leonard and Board President Gretchen Tellman, both dedicated to fostering a culture of trust and reliability within our credit union. With an impressive net worth of $1,637,578,402 and total deposits amounting to $1,216,867,746, we ensure that your money is not only safe but also working for you. Our team is here to help you navigate your financial journey with ease. Feel free to reach out via phone at 248-651-8202 or visit our website at www.lmcu.org for more information on how we can help you achieve your financial goals. Join us today and experience the difference that a member-focused credit union can make!

Branch History & Mission

Lake Michigan Credit Union, also known as our Rochester Hills branch, has a rich history that dates back to 1933. Since opening our doors, we have grown from a small local credit union into a trusted financial partner for nearly 500,000 members across the region. Our journey is a testament to our commitment to serving the community and providing personalized financial services. Located at 310 W Tienken Rd, Rochester Hills, MI 48306, our branch is conveniently situated near several local landmarks, making it easily accessible for all. Whether you're stopping by for banking needs or simply passing through, we strive to create a welcoming atmosphere for everyone. At Lake Michigan Credit Union, our mission is simple yet profound: to provide exceptional financial services while fostering community growth and support. We are dedicated to helping our members achieve their financial goals through products like checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. Our commitment extends beyond just transactions; we aim to empower every member with knowledge and resources that lead to financial well-being. While members can visit us at 310 W Tienken Rd, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501 if different. This ensures smooth communication with our headquarters located in Grand Rapids, MI. Over the years, we've embraced technology and innovation to enhance the member experience. We offer online and mobile banking services that allow you to manage your finances from anywhere at any time. Our ATM availability ensures you have access to your funds when needed, while our drive-thru service provides convenience for quick transactions. Our focus on community outreach is evident through various partnerships and initiatives aimed at supporting local organizations and events. We believe in giving back because a strong community leads to stronger individuals. In summary, Lake Michigan Credit Union's Rochester Hills branch stands as a pillar of support for its members. With total assets of over $14 billion and an unwavering commitment to service excellence, we invite you to join us on this journey toward achieving your financial dreams. Experience the benefits of membership today reach out or visit us soon!

Branch Location & Accessibility

Welcome to the Lake Michigan Credit Union branch located at 310 W Tienken Rd in beautiful Rochester Hills, MI! Our friendly and accessible branch is designed with your convenience in mind. Nestled near popular local spots, you'll find us just a short drive from the scenic Bloomer Park, making it easy to stop by while enjoying the area. For our members who need to send official correspondence, please note that our mailing address is PO Box 2848, Grand Rapids, MI 49501. While visiting our Rochester Hills location, you'll find ample parking available, ensuring a hassle-free experience. The branch is ADA compliant, featuring ramps and accessible entrances for everyone's convenience. We understand that your time is valuable. That's why we offer flexible operating hours: Monday through Thursday from 9:00 AM to 5:30 PM and on Fridays from 9:00 AM to 6:00 PM. Whether you're looking to open a new account, apply for a loan, or simply ask a question, our dedicated staff is here to help you during those hours. In addition to in-branch services, we also provide an ATM for quick cash withdrawals and balance checks. For those on the go, our drive-thru banking service makes it even easier to handle deposits and simple transactions without leaving your vehicle. At Lake Michigan Credit Union, we offer a variety of personal banking services including checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards. We're committed to providing you with all the financial tools you need in one convenient location. So why wait? Come visit us at our Rochester Hills branch or give us a call at 248-651-8202 today! We're excited to assist you with all your banking needs!

Member Eligibility

Becoming a member of Lake Michigan is like joining a family that's dedicated to supporting your financial journey. Located at 310 W Tienken Rd Rochester Hills Mi 48306, we welcome individuals who live, work, worship, or attend school in our community, as well as their family members. This inclusive approach means that if you're connected to our area in any of these ways, you're eligible to join us! As a member, you'll enjoy personalized service, competitive rates on loans and savings accounts, and access to a wide range of financial products designed just for you. To get started, simply give us a call at (248) 651-8202 or visit our website for more information about membership eligibility. You can check the detailed criteria, ensuring you have everything you need to take this step toward better financial health. We're excited to welcome you into the Lake Michigan community!

Business Banking & Commercial Services

Loan Options That Empower 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.

Practical Merchant Services

In addition to loans, we provide essential merchant services that streamline payment processes. Picture this: your customers easily pay using their preferred methods while you enjoy fast access to funds. This means improved cash flow and customer satisfaction all vital for running a successful business. Located at 310 W Tienken Rd Rochester Hills Mi 48306 in Rochester Hills, MI, we're dedicated to helping local businesses grow and succeed. Let us partner with you on your journey towards success! For inquiries, call us at (248) 651-8202.

Comprehensive List Of Services

Business Banking

For our business members, we understand the importance of having reliable financial support. That's why we offer comprehensive business banking solutions including merchant services and business loans. Whether you're starting a new venture or looking to expand an existing one, our team is ready to guide you through the process.

Digital Banking Convenience

In today's fast-paced world, convenience is key. At Lake Michigan, we offer robust online and mobile banking features that allow you to manage your accounts from anywhere at any time. With mobile payments and person-to-person transfer options, accessing your funds has never been easier. You can also use our ATMs for quick cash withdrawals or balance checks without stepping inside the branch.

Drive-Thru & ATM Services

For those who prefer traditional banking methods, we have basic drive-thru banking available for deposits, withdrawals, and simple transactions. Our ATM access ensures that you can withdraw cash or check your balance whenever needed. At Lake Michigan, we strive to make every interaction valuable and straightforward. Our commitment is not only to meet your financial needs but also to exceed your expectations with exceptional service. If you're ready to explore how our services can benefit you or if you have any questions about what we offer, please don't hesitate to reach out! You can contact us at (248) 651-8202 or visit us at http://www.lmcu.org for more information. We look forward to serving you!

Personal Banking

When it comes to personal banking, we offer a variety of options that cater to your everyday needs. Our checking and savings accounts provide the perfect foundation for managing your finances. If you're considering purchasing a new car, our auto loans and vehicle financing options can help you get behind the wheel without breaking the bank. For those looking to buy a home or refinance an existing mortgage, we have mortgage loans designed to fit your budget and lifestyle. In addition, our personal loans and debt consolidation services can assist you in managing unexpected expenses or consolidating multiple debts into one manageable payment. Plus, with credit cards that offer rewards, you can earn while you spend!

Digital & Online Banking

Additional Benefits

Need to send money quickly? Our person-to-person transfer feature makes it simple to send funds to friends or family with just an email address or phone number. And if you prefer using mobile payments, you're in luck! Our platform supports mobile payments so that you can make purchases directly from your device securely. At Lake Michigan, we believe that banking should be as straightforward as possible. That's why we've made our digital services user-friendly, ensuring that even those who are not tech-savvy can navigate them easily. With real-time account management and an array of features designed to simplify your banking experience, you'll find everything you need with us. Join us today and experience the convenience of digital banking at Lake Michigan!

Key Features

Our online banking platform is accessible 24/7 at http://www.lmcu.org. This means you can check your balances, transfer funds, and pay bills whenever it suits you. Plus, with our mobile application available for download, you can take your banking on the go. Whether you're waiting in line or relaxing at home, everything you need is right at your fingertips. Security is paramount in all our online transactions. We provide electronic signature authorization to help secure your important documents and transactions without the hassle of printing and mailing. You can also enjoy e-statements for easy access to your account statements while reducing paper clutter.

Financial Strength

Commitment to 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 commitment extends to lending; 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.

Growing Membership 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 310 W Tienken Rd Rochester Hills Mi 48306 or call (248) 651-8202 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our $54,113,412 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.

Secure Savings Opportunities

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.

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 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

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 purchasing a brand-new vehicle or a reliable used one, we have flexible terms that fit your budget.

Credit Lines and Business Loans

For those looking for additional flexibility, our total credit lines available amount to $3,484,836,767. This option can provide you with quick access to funds whenever you need them. Additionally, for business owners, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed to grow and expand your business. At Lake Michigan, we're dedicated to finding solutions that work for you. If you're interested in refinancing your current loans or exploring eligibility options for any of our products, don't hesitate to reach out. For more information or assistance, please contact us at (248) 651-8202 or visit us at our branch located at 310 W Tienken Rd Rochester Hills Mi 48306 in Rochester Hills, 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. Let us help you take the next step toward achieving your financial dreams!

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 competitive rates and personalized service to guide you through every step of the process.

Unsecured Credit Card Loans

Managing everyday expenses can be challenging, which is why 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 various benefits designed to meet your spending habits and financial needs.

Loan Aggregator

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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), ensuring fair and transparent offers. By partnering with verified financial institutions, LendMesh guarantees that the loan options presented are both legitimate and competitive.

LAKE MICHIGAN CREDIT UNION - Rochester Hills, MI

Type of Loan Offerings

Student Loans

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