Lake Michigan Credit Union Traverse City MI | Low Mortgage Rates & Quick Auto Loans

Introduction

Welcome to Lake Michigan Credit Union, your trusted financial partner located at 3650 N Us Highway 31 S, Traverse City, MI 49684. Established in 1933, we have grown to serve over 496,820 members, providing a robust suite of services tailored to meet your banking needs. With total assets of $14,380,227,851 and deposits reaching $1,216,867,746, we are committed to offering financial security and growth for our community. At Lake Michigan Credit Union, we pride ourselves on our personalized service and community involvement. Under the leadership of CEO Julie Leonard and Board President Gretchen Tellman, our dedicated team of 1,678 employees is here to assist you every step of the way. Whether you're seeking auto loans or personal banking solutions, we offer competitive rates and a range of products designed for both individual and business needs. While members can visit us at our branch address, official correspondence should be sent to our mailing address: PO Box 2848, Grand Rapids, MI 49501. We invite you to explore our website at lmcu.org for more information about our services or give us a call at 616-242-9790. Join us today and experience the difference that a member-focused credit union can make in your financial journey!

Branch History & Mission

At Lake Michigan, we take pride in our rich history and strong commitment to our members and community. Established in 1933, our Traverse City branch has been a cornerstone of financial support for nearly nine decades. Located at 3650 N Us Highway 31 S, Traverse City, MI 49684, we are easily accessible for all your banking needs. Our branch is not only a place to manage finances but also a hub for community connection. Over the years, we have grown significantly, now serving over 496,000 members with total assets reaching an impressive $14.38 billion. This growth reflects our dedication to providing exceptional service and building lasting relationships. We believe in empowering our members through personalized financial solutions, including checking and savings accounts, auto loans, mortgage options, and business banking services. Our mission is clear: to enhance the lives of our members by offering quality financial products while fostering a supportive community environment. We strive to make banking convenient and accessible through innovative solutions like online and mobile banking. Plus, with features such as ATM availability and drive-thru service, we ensure that managing your finances is as easy as possible. At Lake Michigan in Traverse City, we understand that banking goes beyond just numbers; it's about people. We actively engage with our local community through outreach programs and partnerships that uplift those around us. Whether you're looking for assistance with debt consolidation or need help with starting a business, we're here to guide you every step of the way. While members can visit us at our branch location for face-to-face support during our operating hours Monday to 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 official correspondence should be sent to PO Box 2848, Grand Rapids, MI 49501. Join us at Lake Michigan today! Experience the difference that comes from being part of a community-focused credit union where your financial success is our priority. Call us at 616-242-9790 or visit our website at www.lmcu.org for more information on how we can help you achieve your financial goals.

Branch Location & Accessibility

Get in Touch

Ready to experience exceptional service? Feel free to call us at 616-242-9790 if you have any questions or need assistance before your visit. We look forward to welcoming you into our community at Lake Michigan!

Operating Hours

We understand that life can be busy, so we've designed our operating hours to fit into your schedule. Visit us Monday through Thursday from 9:00 AM to 5:30 PM, Friday from 9:00 AM to 6:00 PM, or stop by Saturday from 9:00 AM to 1:00 PM. We strive to make banking as convenient as possible for our members.

Services Offered

Lake Michigan offers a variety of services tailored to meet your financial needs. From personal banking solutions like checking and savings accounts to auto loans and mortgages, we've got you covered. You can also take advantage of our credit card options with rewards and business banking services. Need cash? Our ATM is available on-site for quick withdrawals and balance checks. Plus, enjoy the ease of drive-thru banking for simple transactions without leaving your vehicle. While members can visit us at our branch address for their banking needs, official correspondence should be sent to PO Box 2848 in Grand Rapids if needed.

Member Eligibility

Welcome to the community at Lake Michigan, where becoming a member is more than just opening an account; it's about joining a supportive network that cares about your financial well-being. If you live, work, or worship in the area, you're likely eligible to join us! At Lake Michigan, we believe in making banking accessible and friendly. Whether you're looking for personal banking solutions, auto loans, or business services, our team is here to help you every step of the way. To learn more about the specific eligibility requirements and ensure you meet the criteria, feel free to visit this link for detailed information. Once you're ready to take the next step, opening your account is a breeze! Just give us a call at (616) 242-9790 or stop by our branch located at 3650 N Us Highway 31 S Traverse City Mi 49684. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Practical Merchant Services

In addition to loans, we provide essential merchant services that simplify payment processing for your business. Imagine a busy Saturday at your local café; with our reliable point-of-sale solutions, you can serve customers quickly and efficiently, ensuring they leave satisfied and ready to return. Located at 3650 N Us Highway 31 S Traverse City Mi 49684 in Traverse City, MI, we're here to help you navigate the financial landscape with confidence. Reach out today at (616) 242-9790 to learn more about how our tailored services can benefit your business!

Tailored 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.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about buying a new car? Our auto loans and vehicle financing options are designed with you in mind. We offer competitive rates that can help make your dream vehicle more affordable. Plus, our straightforward application process ensures you can get behind the wheel without unnecessary delays.

Business Banking

For our business members, we provide essential services like merchant services and business loans. Whether you're starting a new venture or looking to expand, our team is ready to support your goals with practical banking solutions.

Convenient Access

We recognize the importance of convenience in today's fast-paced world. That's why we offer online and mobile banking, allowing you to manage your accounts from anywhere at any time. Need cash? Our ATM services provide easy access for withdrawals and balance checks, while our drive-thru service simplifies deposits and transactions during busy hours. At Lake Michigan, we're committed to making banking accessible and straightforward for everyone in Traverse City and beyond. If you have questions or need assistance navigating any of these services, don't hesitate to call us at (616) 242-9790. Your financial well-being is our priority, and we're excited to assist you every step of the way! Ready to take control of your finances? Visit us today at 3650 N Us Highway 31 S Traverse City Mi 49684 or explore more about what we offer at Traverse City Us 31. We look forward to serving you!

Credit Cards with Rewards

Don't forget about our credit cards! With rewards programs tailored to your spending habits, you can earn points for everyday purchases. It's an easy way to turn your regular expenses into exciting rewards.

Mortgage Loans & Refinancing

If homeownership is on your horizon or if you're considering refinancing your existing mortgage, we have the right solutions for you. Our mortgage loans come with flexible terms to fit various budgets. Let us guide you through the home-buying process or help you save on monthly payments through refinancing.

Personal Banking

Our personal banking services include checking and savings accounts tailored to fit your lifestyle. Imagine having a checking account that not only keeps your funds secure but also offers easy access through online and mobile banking. With features like e-statements and mobile payments, managing your finances has never been easier!

Personal Loans & Debt Consolidation

Sometimes life brings unexpected expenses or debt challenges. That's where our personal loans come into play. Whether it's for a major purchase or consolidating debt, we offer options that can ease financial stress and put you back on track.

Digital & Online Banking

Accessibility and Real-Time Management

Managing your accounts has never been more accessible. With our digital services, you can take care of transactions in real-time without having to visit a branch. This means less time worrying about your finances and more time enjoying what matters most to you. Whether you're at home or out running errands, you'll have complete control over your money whenever you need it. At Lake Michigan, we are committed to providing you with the best possible banking experience. Explore all our digital offerings today at http://www.lmcu.org and see how easy it is to stay connected with your finances!

Key Features

Our online banking platform is user-friendly, ensuring that even those who may not be tech-savvy can navigate it with ease. You can enjoy the flexibility of e-statements, which allow you to view your account statements electronically no more waiting for paper statements to arrive in the mail. Plus, with electronic signature authorization, signing documents is quick and secure. If you're always on the go, our mobile application brings banking right to your fingertips. Whether you're making purchases with mobile payments or sending money through person-to-person transfers, you'll find everything you need in one app. It's all about making your life simpler while keeping your information safe.

Financial Strength

A Strong 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.

Dedicated Team Behind You

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. Total Share Accounts stand at 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 3650 N Us Highway 31 S Traverse City Mi 49684 or call (616) 242-9790 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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. This commitment helps us adapt to your needs and ensures that we remain a reliable partner for your financial journey.

Supporting Your Goals

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, we're here to help you navigate major purchases or investments with confidence. Our operational efficiency reflects in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members.

Loan Offering

Additional Financing Options

For business owners seeking to expand their operations, our outstanding commercial loans totaling $1,764,695,201 provide the capital needed for growth. We also have various credit lines available with a total amount of $3,484,836,767, designed to meet your specific needs. If you're considering refinancing your existing loans or exploring eligibility options for any of our products, don't hesitate to reach out to us. Our knowledgeable team is ready to assist you in finding the best possible terms. Feel free to visit us at our branch located at 3650 N Us Highway 31 S Traverse City Mi 49684, or give us a call at 616-242-9790 during our operating hours: Monday - 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. 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 look forward to helping you secure the financing that fits your lifestyle!

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 financing options tailored to fit your budget, whether you're purchasing a brand-new vehicle or a reliable used one.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $716,130,857. Our team is dedicated to guiding you through the process, ensuring you feel supported every step of the way.

Unsecured Credit Cards

Managing everyday expenses can be easier with our flexible terms on unsecured credit card loans. With a total of $200,170,787 in loans available, we help our members navigate their finances effectively without added stress.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate 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. This rigorous sourcing process guarantees that users receive accurate and trustworthy information about loan options available to them.

Lake Michigan