Michigan Educational Credit Union Ann Arbor MI | Best Auto Loans & Business Banking

Introduction

Welcome to Michigan Educational at our Ann Arbor branch, located conveniently at 4141 Jackson Rd, Ann Arbor, MI 48103. Since our establishment in 1942, we have been dedicated to providing exceptional financial services tailored to the needs of our members. With a total membership of over 48,745, we pride ourselves on being a trusted partner in your financial journey. At Michigan Educational, our commitment goes beyond banking; it's about fostering community and supporting each member's unique financial goals. With assets totaling an impressive $1,010,674,335, we ensure that our members receive the best in terms of resources and support. Our offerings include personal banking options such as checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards ensuring that you can find just what you need under one roof. Led by our passionate CEO, Robert Sandercock, and Board President Alonzo Glaze, our team of 89 employees is here to assist you every step of the way. We understand that navigating finances can be daunting, which is why we prioritize friendly service alongside expert advice. While you can visit us at our branch for all your banking needs, please note that any official correspondence should be sent to the same address: 4141 Jackson Rd, Ann Arbor, MI 48103-1827. With a strong net worth of $121,908,341 and total deposits amounting to $84,433,289, we are well-positioned to help you achieve your financial aspirations safely and securely. Our cash in hand stands at $3,515,409, ensuring liquidity for all our members' requirements. We invite you to explore our services further or reach out directly at 734-761-7505 during our operating hours from Monday through Friday from 9:30 AM to 5:30 PM. Whether you're looking for guidance on loans or simply want to learn more about how we can help you save better and plan for the future, Michigan Educational is here for you. Visit us today or check out our website at michedcu.org to get started!

Branch History & Mission

Welcome to Michigan Educational, a cornerstone of financial service in Ann Arbor, MI. Since opening our doors in 1942, we have built a strong legacy of community support and member-focused banking. Our branch, located at 4141 Jackson Rd, is not just a place for transactions but a hub where dreams are nurtured and goals are achieved. Over the years, Michigan Educational has grown significantly, now serving over 48,745 members with total assets amounting to an impressive $1,010,674,335. Our commitment to providing high-quality financial services has allowed us to adapt and thrive through changing times. We pride ourselves on our ability to meet the needs of our community while fostering personal connections that go beyond mere banking. At Michigan Educational, our mission is clear: to empower our members through innovative financial solutions while actively supporting local initiatives. We understand that each member's journey is unique, and we strive to offer tailored services ranging from checking and savings accounts to auto loans and mortgages. We also embrace technology with online and mobile banking options that make managing finances simple and accessible. Our dedicated team operates Monday through Friday from 9:30 AM to 5:30 PM, ensuring that we are here when you need us most. With ATM availability and drive-thru banking services, we provide convenient options for all your banking needs. For those who prefer in-person interactions or need assistance with transactions, our welcoming lobby is always open during business hours. While members can visit us at 4141 Jackson Rd Ann Arbor Mi 48103, official correspondence should be sent to 4141 Jackson Rd, Ann Arbor, MI 48103-1827. We believe in transparency and accessibility, ensuring that all communications are handled promptly and efficiently. In addition to our financial services, we take pride in being an active participant in the Ann Arbor community. Through partnerships with local organizations and outreach efforts, we work tirelessly to uplift those around us and contribute positively to the lives of our members. Join us at Michigan Educational today! Experience firsthand how we can help you achieve your financial goals while being part of a community-focused credit union. Whether you're looking for loans or simply seeking advice on managing your finances better, we're here for you every step of the way. Reach out via phone at (734) 761-7505 or visit our website at www.michedcu.org to learn more about membership opportunities!

Branch Location & Accessibility

Contact Us

Have questions? Feel free to give us a call at 734-761-7505. We look forward to welcoming you into our branch soon! Let Michigan Educational Credit Union be your trusted partner in achieving your financial goals.

Nearby Landmarks and Features

Situated near local favorites like the vibrant shopping centers and parks, our branch is easily reachable. With ample parking available, you can stop by without any hassle. We're proud to be ADA compliant, ensuring that everyone can access our services comfortably, including those who may need ramps or additional support.

Operating Hours and Services

We invite you to visit us during our lobby hours from Monday through Friday, 9:30 AM to 5:30 PM. If you're in a rush, take advantage of our drive-thru banking for quick transactions like deposits and withdrawals. For your convenience, we also have an ATM on-site for 24/7 access to your funds. While members can visit us at 4141 Jackson Rd for all their banking needs, official correspondence should be sent to the same address. Our friendly staff is always ready to assist with personal banking options, auto loans, mortgages, credit cards with rewards, and more!

Member Eligibility

At Michigan Educational, we believe that everyone deserves a supportive financial community. If you're looking to join us, becoming a member is both easy and welcoming! You can become part of our family if you live, work, or go to school in Washtenaw County or if you have a family member who is already a member. This opens the door for individuals from various backgrounds to enjoy all the benefits we offer, from competitive rates on loans to personalized banking services. For more detailed eligibility information, feel free to check out our website at http://www.michedcu.org/about-us/membership. Once you find that you're eligible, opening an account is a breeze! You can start the process online by visiting this link, or if you prefer speaking with someone directly, don't hesitate to call us at 734-761-7505. We're here to guide you every step of the way and help you take advantage of all the great services available at our branch located at 4141 Jackson Rd, Ann Arbor, MI 48103. Welcome aboard we can't wait to serve you!

Business Banking & Commercial Services

Merchant Services That Work for You

In today's fast-paced market, having the right tools is essential. Our merchant services simplify payment processing, allowing you to focus on what matters growing your business. Imagine being able to accept payments seamlessly from customers while managing everything else effortlessly. That's the kind of support we provide at Michigan Educational. Visit us at 4141 Jackson Rd Ann Arbor Mi 48103, Ann Arbor, MI or call us at (734) 761-7505 to learn more about how we can empower 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 $7 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $105,695, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Solutions

For local businesses in need of financial support, we offer robust business banking services including merchant services and business loans. We understand that running a business comes with its own set of challenges, so we aim to provide convenient financial solutions that help you thrive.

Convenient Access and Support

We also recognize the importance of convenience in today's fast-paced world. That's why we provide various access points for managing your accounts. You can utilize our ATM services for cash withdrawals and balance checks at any time. Plus, our basic drive-thru banking makes it easy to handle deposits, withdrawals, and simple transactions without leaving your vehicle. Need assistance? Our friendly team is just a phone call away at 734-761-7505, ready to answer any questions or provide support whenever you need it. At Michigan Educational, we're not just about transactions; we're about relationships. We invite you to explore all the services we offer at our branch in Ann Arbor. Visit us today or check out our website at michedcu.org for more information on how we can assist you in achieving your financial goals!

Personal Banking Services

Whether you're looking to open a checking or savings account, we have personal banking options that fit your lifestyle. You can easily manage your funds through our online and mobile banking features, allowing you to check balances, transfer money, and pay bills right from your smartphone or computer. For those planning their next vehicle purchase, our auto loans and vehicle financing services offer competitive rates that can help you drive away in the car you want without breaking the bank. Homeownership dreams are made possible with our mortgage loans and refinancing options. We guide you through every step of the process, ensuring you find a plan that suits your budget. If you're facing unexpected expenses or need to consolidate debt, our personal loans and debt consolidation services provide flexible solutions to help you regain control of your finances. Don't forget about our credit cards with rewards, which allow you to earn points for everyday purchases. It's a great way to save on future expenses while enjoying the benefits of using credit wisely.

Digital & Online Banking

Key Features of Our Digital Banking Services

With our online banking platform, available at https://www.michedcu.org/, you can check your account balances, transfer funds, and pay bills anytime, anywhere. Our 24/7 online banking services ensure that you have access whenever you need it. Plus, with electronic signature authorization, signing documents is a breeze no need to print or visit the branch! For those who prefer paperless options, we offer e-statements that allow you to view your account statements digitally. This not only helps the environment but also makes it easy for you to keep track of your finances without clutter. If you're always on the move, our mobile application brings all these features right to your fingertips. With the ability to make mobile payments and person-to-person transfers, sending money to friends or family has never been simpler. Just a few taps on your phone and you're done!

Security You Can Trust

We prioritize your security at Michigan Educational. Our digital banking services are equipped with robust security features to protect your personal information and transactions. You can bank with peace of mind knowing that we take every precaution to safeguard your financial data. In short, our digital and online banking options are designed for ease of use and real-time account management. Explore all that Michigan Educational has to offer today by visiting https://www.michedcu.org/!

Financial Strength

Committed Workforce

We also take pride in having 87 full-time employees and 2 part-time employees. This ensures our branches are always ready to serve you with a knowledgeable, committed team. Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members.

Member Trust and Growth

Our financial strength means we can continue serving you with confidence. With a total of 91,501 share accounts, it's clear that many have chosen to trust us with their finances. Whether you're saving, borrowing, or planning for the future, Michigan Educational is your trusted partner. Visit us at 4141 Jackson Rd Ann Arbor Mi 48103 or call (734) 761-7505 to learn more about how we can help you achieve your financial goals.

Reinvestment for Better Services

With $121,475,521 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity supports your financial goals across various sectors, as shown by our $9,567 in used auto loans and $490,674,836 in total loans and leases.

Secure Savings Opportunities

Members' savings are secured through $169,111,627 in share certificates, offering stable and rewarding financial growth opportunities. We prioritize our members over traditional banking practices. With non-member deposits at $0, we ensure that our resources benefit you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $121,908,341, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,206 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 $133,801,274 in used vehicle loans and $41,478,868 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable used one, our flexible terms can accommodate your budget.

Credit Lines and Business Loans

Our credit lines provide an additional layer of financial flexibility with a total of $180,000,000 available. For business owners seeking capital for growth and expansion, our outstanding commercial loans totaling $105,695 can help support your entrepreneurial efforts. At Michigan Educational, we prioritize your needs and work hard to provide solutions that fit your lifestyle. If you're considering refinancing or want to explore eligibility options for any of our loan products, please don't hesitate to reach out. For more information or to discuss which loan product may be right for you, contact us at (734) 761-7505 or visit us at our branch located at 4141 Jackson Rd Ann Arbor Mi 48103 in Ann Arbor, 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. We look forward to helping you achieve your financial goals!

Mortgage Options

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $70,216,964, make buying or refinancing simple. We provide competitive rates and personalized assistance to help you navigate the process smoothly.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $8,888,771 in loans helping members manage their finances effectively. This option is ideal for those who want to consolidate debt or cover unexpected expenses without putting up collateral.

Loan Aggregator

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