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

Introduction

At Lake Michigan, we believe that banking should be more than just transactions; it should be a cornerstone of community support and financial well-being. Located at 310 W Front St, Traverse City, MI 49684, our branch has been proudly serving our members since 1933. With a commitment to providing exceptional service, we now serve a thriving community of 496,820 members and have accumulated total assets of an impressive $14,380,227,851. Our dedicated team is led by CEO Julie Leonard and Board President Gretchen Tellman, who work tirelessly to ensure that every member feels valued and supported. Whether you're looking for personal banking solutions like checking accounts and auto loans or need assistance with business banking services, we're here to help you navigate your financial journey. While you can visit us at our Traverse City branch, please note that official correspondence should be directed to our mailing address: PO Box 2848, Grand Rapids, MI 49501. We take pride in the services we offer, which include everything from mortgage loans and credit cards with rewards to online and mobile banking options. Our total deposits stand at $1,216,867,746, reflecting the trust our members place in us. We also maintain a healthy net worth of $1,637,578,402 and have cash on hand amounting to $72,514,751, ensuring that we can meet your needs efficiently. With a strong foundation built over the decades and a focus on community impact, we invite you to discover how Lake Michigan can make a difference in your financial life. Feel free to reach out to us at 231-932-6283 or visit our website at http://www.lmcu.org for more information about our offerings. Join us today and experience the Lake Michigan difference!

Branch History & Mission

Community Commitment

Our mission extends beyond just banking; it encompasses a genuine commitment to supporting the communities we serve. We actively engage in local outreach programs and partnerships aimed at enhancing financial literacy and providing resources for those in need. Whether it's sponsoring community events or offering financial education workshops, we strive to make a meaningful impact on people's lives. While members can visit us at 310 W Front St, official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501.

Join Us!

As we continue this journey together, we invite you to experience the benefits of membership with Lake Michigan Credit Union. Discover how our personalized approach can help you achieve your financial goals while being part of a supportive community. For more information or assistance, feel free to call us at 231-932-6283 or visit our website at lmcu.org. Join us today and be part of something special!

Our Evolution

The history of Lake Michigan Credit Union is marked by significant milestones. From our humble beginnings in the early '30s to becoming one of the largest credit unions in Michigan, we have continually evolved. Our expansion has included introducing advanced digital banking solutions like online banking and mobile payments, making it easier for our members to manage their finances anytime, anywhere. Our branch not only serves as a hub for traditional banking needs but also offers a drive-thru service for quick transactions and ATM access for added convenience. We are dedicated to maintaining an ADA-compliant environment so that everyone can utilize our services comfortably.

Branch Location & Accessibility

Get in Touch!

We invite you to come visit us at the Lake Michigan Credit Union Traverse City branch! If you have any questions or need assistance, don't hesitate to call us at 231-932-6283. Our friendly team is eager to help you achieve your financial goals!

Operating Hours

We understand that life can get busy! That's why we offer flexible operating hours to fit your schedule. Our lobby is 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 need to make a quick deposit or discuss a loan option, our dedicated staff is here to assist you during these hours.

Parking and Accessibility

At our Traverse City branch, parking is hassle-free with ample space available for all members. We are committed to making banking accessible for everyone, including those with mobility challenges. Our facility features ADA-compliant entrances and ramps, ensuring that all members can visit comfortably.

Services Offered

Lake Michigan Credit Union provides a range of services designed to meet your banking needs. From personal accounts and auto loans to mortgage refinancing and business banking services, we strive to support you in every financial journey. If you're on the go, enjoy our ATM services for quick cash withdrawals or balance checks. For added convenience, we also have a drive-thru available for simple transactions without leaving your vehicle. While members can visit us at 310 W Front St, official correspondence should be sent to PO Box 2848 in Grand Rapids if necessary.

Member Eligibility

Joining the vibrant community at Lake Michigan is as easy as reaching out and exploring your options! To become a member, you simply need to meet a few friendly eligibility criteria. If you live, work, worship, or attend school in the area around Traverse City, you're likely already on your way to becoming part of our supportive family. We welcome individuals from various walks of life and believe that everyone deserves access to affordable financial services. For complete details on what it takes to join, feel free to check out our eligibility guidelines at . Once you're ready to open an account, the process is straightforward and welcoming. You can visit us at our branch located at 310 W Front St Traverse City Mi 49684, where our friendly staff will be happy to assist you with everything you need. If you prefer, give us a call at (231) 932-6283 for any questions or guidance. We're here for you every step of the way!

Business Banking & Commercial Services

Commercial 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.

Merchant Services That Matter

In addition to loans, we offer merchant services that simplify everyday transactions. Picture this: a local café using our payment solutions to streamline orders and keep customers happy. With easy-to-use tools for accepting payments, managing sales, and tracking inventory, we make it easier for you to focus on what matters most growing your business. Located at 310 W Front St Traverse City Mi 49684 in Traverse City, MI, we're here to help you achieve your business goals. Let's work together to create a brighter future for your enterprise!

Comprehensive List Of Services

Accessible Banking Options

For those who prefer face-to-face interactions, our basic drive-thru banking allows for quick deposits, withdrawals, and simple transactions without leaving your car. If you're on the go but still need access to cash or balance checks, our ATMs are conveniently located to meet your needs. No matter what financial service you're seeking, Lake Michigan is committed to providing personalized assistance tailored just for you. We're proud to serve our community from our location at 310 W Front St Traverse City Mi 49684, ensuring that all members have access to the resources they need. Ready to explore how we can assist you? Contact us today at (231) 932-6283 or visit us at Traverse City! Your financial journey begins here with us at Lake Michigan!

Business Banking Support

For our business members, we offer tailored banking solutions that include merchant services and business loans. Whether you're starting a new venture or looking to expand an existing one, we're here to support your growth every step of the way.

Convenient Digital Banking Features

We know how important convenience is in today's fast-paced world. That's why Lake Michigan provides robust online and mobile banking services. You can check balances, transfer funds, and even make person-to-person payments right from your phone or computer. Our ATM and cash withdrawal services are available whenever you need them, so you're never far from accessing your funds.

Personal Banking Made Easy

Managing your money should be straightforward and accessible. At Lake Michigan, we offer a variety of personal banking solutions including checking and savings accounts that fit your lifestyle. Need to finance a new car? Our auto loans and vehicle financing options make it easy to drive away with the vehicle you want without straining your budget. If homeownership is your goal, our mortgage loans and refinancing options can guide you through the process smoothly.

Simplified Loans for Every Need

Life can throw unexpected expenses your way, which is why we provide personal loans and debt consolidation services to help you regain control over your finances. Plus, our credit cards come with rewards that benefit you every time you use them perfect for those who like to earn while they spend.

Digital & Online Banking

At Lake Michigan, we know that convenience and security are top priorities for our members. That's why we've designed our digital and online banking services to fit your busy lifestyle. With just a few clicks, you can manage your finances from anywhere, at any time. Our online banking platform is user-friendly and accessible 24/7. You can easily check your account balances, transfer funds, and pay bills all in one place. For more details, visit us at http://www.lmcu.org. If you're looking to streamline your banking experience even further, consider opting for e-statements. Not only do they save paper, but they also give you quick access to your financial information whenever you need it. Security is paramount in everything we do. With electronic signature authorization available, you can sign important documents with confidence, knowing that your information is protected. Plus, our mobile application lets you bank on the go! Whether you're making person-to-person transfers or utilizing mobile payments, managing your money has never been easier. And if you're ever in need of assistance or have questions about your accounts, our support team is just a call away at (231) 932-6283. We are here to help you navigate all the benefits that come with being a member of Lake Michigan. In today's fast-paced world, having control over your finances is essential. Embrace the ease and efficiency of digital banking with us and take charge of your financial journey!

Financial Strength

Commitment to Growth

Our dedication to growth is reflected in our $1,594,899,679 in undivided earnings, which 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.

Growing Member Base

Total Share 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 Front St Traverse City Mi 49684 or call (231) 932-6283 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.

Member Savings and Investments

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.

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.

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. Whether you're interested in financing a brand-new model or a reliable used option, we've got you covered with tailored solutions for every budget.

Business Financing

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 that businesses face and are here to support your growth ambitions. At Lake Michigan, we pride ourselves on providing personalized service that helps our members navigate their financial options effectively. If you're considering refinancing or exploring eligibility options for any of our loan products, please don't hesitate to reach out. You can contact us at (231) 932-6283 for more information or visit us at our branch located at 310 W Front St Traverse City Mi 49684 in Traverse City, 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 towards achieving your financial goals!

Credit Card Loans

Managing finances can sometimes 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 competitive rates and rewards programs designed to benefit our members.

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 expert guidance throughout the process, ensuring you understand each step as you move closer to owning your dream home.

Loan Aggregator

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 rigorous sourcing ensures that users receive fair and transparent offers. Each loan listing is backed by reliable data, allowing you to make informed decisions without the guesswork.

Benefits of Using LendMesh

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Get Started Today

Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

Lake Michigan