Michigan Educational Credit Union Livonia MI | Best Auto Loans & Low Mortgage Rates

Introduction

Welcome to Michigan Educational, your trusted financial partner located at 14921 Middlebelt Rd, Livonia, MI 48154. Established in 1942, we have been serving our community for over 80 years, growing to a membership of 48,745 and total assets exceeding $1 billion. Our commitment to providing personalized financial solutions is at the heart of everything we do. At Michigan Educational, we understand that each member's journey is unique. That's why we offer a range of services tailored to meet your specific needs from checking and savings accounts to auto loans and credit cards with rewards. We also provide business banking solutions, ensuring that both individuals and local businesses have access to the resources they need to thrive. Our dedicated team of 89 employees, led by CEO Robert Sandercock and Board President Alonzo Glaze, is here to ensure that you receive the best possible service. With total deposits amounting to $84,433,289 and a net worth of $121,908,341, you can trust us to manage your finances safely and responsibly. Plus, with $3,515,409 in cash readily available, we're prepared to support our members whenever they need us. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to the same address: 14921 Middlebelt Rd, Livonia, MI 48154-4032. If you have any questions or would like assistance with your accounts, don't hesitate to reach out by calling us at 734-261-1050. We invite you to explore what Michigan Educational has to offer by visiting our website at michedcu.org. Join us on this journey towards financial success your future starts here!

Branch History & Mission

Welcome to Michigan Educational, a credit union with a rich history and a heartfelt mission. Since opening our doors in 1942, we have been committed to serving the community of Livonia, MI, and beyond. Located at 14921 Middlebelt Rd, just a stone's throw from local schools and parks, our branch has become a cornerstone for financial support and education. Over the years, we have grown tremendously. Today, we proudly serve over 48,000 members and manage assets exceeding $1 billion. Our journey began with the goal of providing accessible financial services to our members, and that goal remains steadfast. We believe in empowering individuals through financial literacy, helping them make informed decisions for their futures. At Michigan Educational, our mission is clear: we strive to offer personalized banking solutions that not only meet the financial needs of our members but also contribute positively to the communities we serve. We focus on personal banking options like checking and savings accounts, auto loans, mortgages, credit cards with rewards, and business banking services all designed with you in mind. While members can visit us at 14921 Middlebelt Rd Livonia Mi 48154, official correspondence should be sent to 14921 Middlebelt Rd, Livonia, MI 48154-4032. We understand that convenience is key; that's why we provide ATM access for easy transactions and offer online banking options so you can manage your finances anytime, anywhere. Our commitment goes beyond traditional banking. We actively engage in community outreach efforts and partnerships that support local initiatives. By joining us at Michigan Educational, you are not just becoming a member of a credit union; you are becoming part of a larger family dedicated to making a difference. We invite you to experience the benefits of membership with us. Whether you're looking for your first loan or need assistance with financial planning, our friendly staff is here to help. Come visit us during our operating hours Monday through Friday from 9:30 AM to 5:30 PM or give us a call at (734) 261-1050. Join Michigan Educational today and take the next step toward achieving your financial goals!

Branch Location & Accessibility

Local Highlights and Accessibility

Situated near popular landmarks, our location makes it easy to combine banking with errands. You can find us just off the busy Middlebelt Road, surrounded by shops and dining options, making it a breeze to fit your banking into your day. We have ample parking available, ensuring that you won't have to search for a spot when you arrive. Our branch is also ADA compliant, featuring ramps and accessible entrances for all members of our community.

Operating Hours and Services

We're here for you Monday through Friday from 9:30 AM to 5:30 PM, ready to assist with a range of services including personal banking, auto loans, mortgages, credit cards, and more. Plus, we offer an ATM on-site for those who prefer quick cash withdrawals or balance checks. While we currently do not have drive-thru services or shared service centers, our dedicated team is always available inside the branch to provide personalized assistance. If you need to reach us, don't hesitate to call at 734-261-1050. We look forward to helping you achieve your financial goals! Whether you're a long-time member or considering joining us for the first time, we invite you to stop by our Livonia branch today!

Member Eligibility

Joining the Michigan Educational family means stepping into a supportive community where your financial needs are understood and prioritized. To become a member of Michigan Educational, all you need is to meet a few simple eligibility criteria. Whether you're an employee or student at certain educational institutions, or a family member of an existing member, you might already qualify! This welcoming approach ensures that everyone in our community has access to the exceptional services we offer. If you're curious about the specific details, feel free to visit our eligibility page at http://www.michedcu.org/about-us/membership for more information. Once you know you're eligible, opening your account is a breeze! You can get started right away by visiting us online through this link: https://forms.fivision.com/michedcu/oa/default.aspx. Our friendly staff is always ready to assist you with any questions just give us a call at (734) 261-1050. We're excited to welcome you to Michigan Educational, located at 14921 Middlebelt Rd Livonia Mi 48154, and help you take your first steps towards achieving your financial goals!

Business Banking & Commercial Services

Member Commercial Loans

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. Imagine being able to purchase new equipment or expand your operations with the help of flexible financing options tailored just for you.

Non-Member Support

We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that can make a difference when you need it most.

Outstanding Loans

With an outstanding commercial loan portfolio of $105,695, we continue to drive economic growth by financing new and expanding businesses. Our services not only help businesses thrive but also contribute to the overall vitality of our local economy here in Livonia, MI. Additionally, our merchant services simplify transactions, allowing you to focus on what you do best running your business. From payment processing to cash management, we provide tools that enhance efficiency and improve your bottom line. Visit us at 14921 Middlebelt Rd Livonia Mi 48154 or call us at (734) 261-1050 to learn how we can help your business reach its full potential!

Comprehensive List Of Services

Convenient Access Anytime

We know that life gets busy, which is why we emphasize convenience in all our services. With features such as ATM access for cash withdrawals and balance checks, you can manage your finances on-the-go without hassle. Our mobile app enables person-to-person payments, so sending money to friends or family is just a tap away. At Michigan Educational, we're not just about transactions; we're about building relationships with our members. Our friendly staff is always ready to assist you with any questions or concerns you may have. If you're ready to take control of your financial future or want more information on how we can help you reach your goals, please don't hesitate to reach out! You can call us at (734) 261-1050 or visit our website at Mecu-livonia. Join us today and experience the difference that personalized service can make!

Financing Your Dreams

When it comes to making big purchases like a car or home, having the right financing options is crucial. We provide competitive auto loans and vehicle financing solutions, making it easier than ever to drive away in the car you've always wanted. Looking to buy a house? Our mortgage loans and refinancing options are designed to help you secure the best rates available. Additionally, if you're facing debt challenges, our personal loans for debt consolidation can ease the burden by simplifying your payments into one manageable monthly amount.

Personal Banking Made Easy

Managing your finances should be simple and stress-free. That's why at Michigan Educational, we offer personal banking services that include checking and savings accounts tailored to fit your lifestyle. Imagine having the ability to easily access your funds, check balances, and make transactions anytime with our user-friendly online and mobile banking platforms. Plus, our credit cards come with rewards that can help you save on everyday purchases, giving you even more reasons to choose us as your financial partner.

Support for Businesses

For our members who own businesses, we understand how important it is to have reliable banking services at your fingertips. Our business banking offerings include merchant services that streamline payment processing, along with business loans designed to fuel growth and expansion. We're committed to supporting local entrepreneurs in achieving their goals.

Digital & Online Banking

Key Features

Our online banking platform is user-friendly and available 24/7 at https://www.michedcu.org/. Whether you're checking your balance or setting up a new payment, everything is straightforward and intuitive. Plus, with features like electronic signature authorization, you can complete transactions securely without needing to visit a branch. If you prefer to manage your finances on the go, our mobile application makes it easy. You can enjoy mobile payments and person-to-person transfers right from your smartphone. This means splitting bills with friends or sending money to family is just a tap away. Additionally, we offer e-statements for those who want to go paperless. You'll receive your financial statements directly in your inbox, helping you keep track of your spending while reducing clutter. At Michigan Educational, we prioritize accessibility. Our digital banking services are designed not just for tech-savvy users but for everyone. Whether you're at home or on the move, managing your money has never been easier or more secure. Join us today and discover how simple banking can be!

Financial Strength

Growing Membership Base

Total Share Accounts stand at 91,501, showing a strong and growing member base that trusts us with their finances. This growth reflects the community's confidence in Michigan Educational as a reliable partner for their banking needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Michigan Educational is your trusted partner. Visit us at 14921 Middlebelt Rd Livonia Mi 48154 or call 734-261-1050 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $169,111,627 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.

Operational Efficiency

Our operational efficiency is evident in our $0 net income, which allows us to focus on providing quality products without unnecessary overhead. We also take pride in having 87 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Reinvestment for Innovation

With $121,475,521 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is reflected in the $490,674,836 in total loans and leases available to support your financial goals across various sectors.

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 1206 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 are considering financing a brand-new vehicle or a reliable used one, we have tailored options to suit your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $105,695 provide the capital needed to grow and expand. We understand the challenges faced by small businesses and are dedicated to supporting local entrepreneurs.

Mortgage Loans

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 are here to guide you through the process every step of the way.

Refinancing Options

If you're looking to lower your monthly payments or tap into your home's equity, we also provide refinancing options across various loan types. It's worth exploring how refinancing could benefit you financially. Our team at Michigan Educational is here to assist you with any questions regarding eligibility or application processes. Don't hesitate to reach out at 734-261-1050, visit us at 14921 Middlebelt Rd Livonia Mi 48154, or explore our website for more information: Michigan Educational. 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 today!

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. Our credit cards provide rewards and benefits that can enhance your spending experience while keeping your finances under control.

Loan Aggregator

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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). This means that users receive fair and transparent offers that reflect the most current lending practices in the market.