Lake Superior Credit Union Ontonagon MI | Affordable Vehicle Loans & Personal Banking

Introduction

Welcome to Lake Superior Credit Union, your trusted financial partner since 1959. Nestled in the heart of Ontonagon, MI at 801 River St, we pride ourselves on being more than just a credit union; we are a community cornerstone dedicated to enhancing the financial well-being of our 1,296 members. With total assets amounting to an impressive $10,227,054 and total deposits reaching $805,141, we have built a solid foundation that supports both individual and communal growth. At Lake Superior Credit Union, we understand that your financial journey is unique. Our diverse range of services including personal banking, auto loans, mortgage loans, and business banking are designed with you in mind. Whether you are looking to save for the future or finance your next vehicle, our team is here to guide you every step of the way. Currently managing 512 loans and leases, we are committed to providing tailored solutions that meet your needs. Our leadership team is led by CEO Renee Niemi and Board President Peggy Elmblad, who embody our values of integrity and service. Together with our dedicated staff of four employees, we strive to create a welcoming environment where members can feel secure about their financial decisions. While members can visit us at 801 River St, official correspondence should be sent to P.O. Box 38, Ontonagon, MI 49953-1620. If you have any questions or need assistance, don't hesitate to reach out to us at 906-884-2069 during our operating hours from 9 AM to 4 PM, Monday through Friday. Join us today and experience the difference a member-focused credit union can make in your life! Visit our website at Lake Superior Credit Union for more information on how we can assist you in achieving your financial goals.

Branch History & Mission

Welcome to Lake Superior Credit Union, a cornerstone of financial service in Ontonagon, MI. Established in 1959, our branch has been dedicated to serving the community for over six decades. With a rich history rooted in the values of trust and cooperation, we have grown alongside our members, adapting to their needs while maintaining a strong commitment to local support. Located at 801 River St, our branch is easily accessible and serves as a hub for personal and business banking services. Just a stone's throw from the scenic Lake Superior shoreline, our location embodies the spirit of community and collaboration. While members can visit us at this address, official correspondence should be sent to P.O. Box 38, Ontonagon, MI 49953-1620. At Lake Superior Credit Union, our mission is simple yet profound: to empower our members through exceptional financial services while fostering community growth and development. With a total membership of 1,296 and assets amounting to over $10 million, we are proud to provide a range of products including checking and savings accounts, auto loans, mortgages, and business banking services. Our focus on personalized service ensures that each member receives tailored advice and solutions that meet their unique financial goals. Our operating hours are convenient for busy schedules open Monday through Friday from 9 AM to 4 PM making it easy for you to stop by for assistance or to conduct transactions at our drive-thru service. Although we currently do not offer ATM services, our online banking platform allows members to manage their accounts easily from anywhere. Throughout our history, we've prioritized not just financial success but also community involvement. We actively participate in local events and initiatives that uplift our neighbors and strengthen our ties within the community. This commitment is reflected in how we operate; we strive to be more than just a credit union we aim to be a supportive partner in your financial journey. As we look toward the future, we invite you to become part of the Lake Superior family. Join us today and experience firsthand how we can help you achieve your financial dreams while making a positive impact right here in Ontonagon. Call us at 906-884-2069 or visit us online at Lake Superior Credit Union for more information about becoming a member!

Branch Location & Accessibility

Accessibility Features

At Lake Superior Credit Union, we prioritize accessibility for all members. Our branch includes ADA-compliant features and ramps, ensuring everyone can navigate our space comfortably. We also offer drive-thru banking for quick transactions, allowing you to handle your banking needs without leaving your vehicle.

Operating Hours

Our doors are open Monday through Friday from 9 AM to 4 PM, providing flexible hours for you to visit us at your convenience. Whether you're looking to open a new account or have questions about loans, we're here during those hours to help you.

Services Offered

We offer a range of services designed with your financial needs in mind. From checking and savings accounts to auto loans and mortgage refinancing, our dedicated staff is prepared to guide you through every step of the process. Plus, with online banking options available, managing your finances has never been easier. If you're looking for assistance or have any questions, don't hesitate to reach out! You can contact us at 906-884-2069 or simply stop by our branch. We look forward to welcoming you into the Lake Superior Credit Union family!

Member Eligibility

At Lake Superior, we believe that joining our community is about more than just banking; it's about becoming part of a supportive family that cares for your financial well-being. Membership is open to individuals who live, work, or worship in the Ontonagon area, and we welcome anyone who shares our commitment to community values. Whether you're looking for personal banking services or seeking assistance with loans, being a member here means gaining access to tailored financial solutions and a friendly team ready to help you every step of the way. To become a member at Lake Superior, simply visit us at 801 River St Ontonagon Mi 49953 or give us a call at (906) 884-2069 for more information on how to start your membership journey. For further details on eligibility criteria, check out our website at . We can't wait to welcome you into our family!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. While we currently have no specific figures for member and non-member commercial loans, our goal remains clear: to help you secure the financing you need to thrive. Imagine having the funds to purchase new equipment or expand your team these opportunities can become a reality with the right support.

Merchant Services

In addition to loans, we offer comprehensive merchant services that simplify payment processing for your business. Picture this: a busy Saturday afternoon at your shop where customers are eager to make purchases. With our reliable merchant services, you can accept payments quickly and efficiently, ensuring customer satisfaction and boosting sales. Join us at Lake Superior, located at 801 River St Ontonagon Mi 49953 in Ontonagon, MI. Let's explore how we can work together to drive your business forward. For more information or to discuss your options, call us at (906) 884-2069 today!

Comprehensive List Of Services

Business Banking

If you're a business owner, we haven't forgotten about you! Our business banking services include merchant services to streamline transactions and business loans to help fuel your growth ambitions. We aim to support local businesses by offering personalized solutions that cater specifically to their needs.

Convenience at Your Fingertips

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking solutions that put everything right at your fingertips. From ATM services for cash withdrawals to basic drive-thru banking for quick deposits and transactions, we strive to make banking accessible and hassle-free. At Lake Superior, we're committed to making sure all members have the resources they need to thrive financially. If you'd like to learn more about any of these services or how we can assist you further, don't hesitate to reach out! Give us a call at (906) 884-2069 during our operating hours from 9 AM to 4 PM Monday through Friday. Join us today at Lake Superior Credit Union your trusted partner in achieving financial success!

Credit Cards

For those who enjoy earning rewards while they spend, our credit cards come with enticing benefits designed just for you. Enjoy cashback on purchases and other perks that make every dollar count.

Loans and Financing

Need a new car? Our auto loans and vehicle financing options are here to help you get behind the wheel with ease. We offer competitive rates and flexible terms that fit your budget. If you're considering homeownership or refinancing an existing mortgage, our mortgage loans can guide you through that important journey as well. Additionally, if life throws unexpected expenses your way, our personal loans and debt consolidation options provide financial relief when you need it most.

Personal Banking

We understand that managing day-to-day finances can sometimes be overwhelming. That's why our personal banking services include checking and savings accounts tailored for your lifestyle. Imagine having easy access to your funds whenever you need them, whether it's for everyday purchases or saving for that special vacation. With our user-friendly online banking platform, you can check balances, transfer funds, and pay bills from the comfort of your home or on the go.

Digital & Online Banking

At Lake Superior, we understand that managing your finances should be easy and secure, no matter where you are. That's why we offer a range of digital and online banking services designed to put you in control of your money while ensuring your information is protected. With our 24/7 online banking services available at http://www.lscu.virtualcu.net, you can access your accounts anytime, anywhere. Whether you're checking your balance, transferring funds, or reviewing recent transactions, everything is just a few clicks away. And if you prefer to go paperless, take advantage of our e-statements availability; it's an eco-friendly way to stay updated on your account without the clutter of paperwork. For those who value convenience, our digital offerings include features like person-to-person transfers, allowing you to send money to friends and family effortlessly. While we currently do not support mobile payments or a dedicated mobile application, rest assured that our online platform is user-friendly and designed for smooth navigation. Security is paramount when it comes to online banking. We ensure that all transactions are encrypted and securely processed. Please note that while we don't offer electronic signature authorization at this time, our commitment to safeguarding your personal information remains strong. At Lake Superior, we're dedicated to providing accessible banking solutions tailored for you. Experience the ease of managing your finances online and enjoy peace of mind knowing that we're here to support you every step of the way!

Financial Strength

Commitment to Excellence

Our $232,382 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 3 full-time employees and 1 part-time employees who are always ready to assist you with expertise and care.

Growing Member Trust

Total Share and Deposit Accounts: 2,064, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Lake Superior is your trusted partner. Visit us at 801 River St Ontonagon Mi 49953 or call (906) 884-2069 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

With $809,072 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 with $175 in used auto loans and $5,158,339 in total loans and leases.

Our Solid Financial Foundation

With a net worth of $1,147,490, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,122 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Secure Savings Options

Members' savings are secured through $296,895 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $2,517,005 in used vehicle loans and $1,357,400 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates to make your car-buying experience as smooth as possible.

Credit Lines

Need extra flexibility? Our total credit lines available amount to $500,000, providing you with additional resources when you need them most. These lines of credit can help you navigate unexpected expenses or plan for larger purchases without the stress. Our team is here to help you explore refinancing options and determine your eligibility for various loan products. Don't hesitate to reach out if you're interested in learning more about how we can support your financial journey. If you have any questions or would like more information about our loan offerings, feel free to contact us at 906-884-2069 or visit us at 801 River St Ontonagon MI 49953 during our operating hours from 9 AM - 4 PM Monday - Friday. 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're committed to helping you find the best solutions for your financial needs!

Mortgage Loans

Thinking about homeownership? Our mortgage options simplify the process of buying or refinancing a home. Although we currently have $0 in Junior Lien 1-4 Family Residential Properties loans, our dedicated team is ready to assist you with finding the right mortgage solution tailored to your needs.

Unsecured Credit Card Loans

Managing day-to-day expenses can sometimes be challenging. We also offer flexible terms on unsecured credit card loans; however, our current total for these loans stands at $0. This means we're eager to expand our offerings to better serve our members in this area.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a focus on transparency and accuracy, LendMesh is a trusted tool for anyone looking to secure favorable loan terms. LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. This commitment to verified information is based on the latest results (Source: https://www.ncua.gov), which guarantees that users receive fair and transparent offers. The benefits of using LendMesh are clear: - Verified Data: Loan offers come only from legitimate financial institutions, ensuring transparency in all comparisons. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions this means users can trust that the results are unbiased. - Real-Time Rate Comparisons: Users have access to up-to-date loan rates from multiple institutions, empowering them to make informed decisions quickly. Thousands of users trust LendMesh for their loan comparisons. One member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback highlights the effectiveness and reliability of the platform. 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 Superior