Michigan Educational Credit Union Macomb MI | Affordable Auto Loans & Personal Banking

Introduction

Welcome to Michigan Educational, your trusted financial partner located at 47230 Hayes Rd, Macomb, MI 48044. Since our establishment in 1942, we have proudly served our community with a commitment to helping our members achieve their financial goals. With over 48,745 members and a robust total asset base of $1,010,674,335, we are dedicated to providing personalized banking solutions tailored to your needs. At Michigan Educational, we understand that financial decisions can be overwhelming. That's why our experienced team is here to guide you every step of the way. Under the leadership of CEO Robert Sandercock and Board President Alonzo Glaze, we strive to create a welcoming environment where you feel valued and supported. While members can visit us at our branch for friendly service, official correspondence should be sent to the same address: 47230 Hayes Rd, Macomb, MI 48044-5023. We invite you to explore our wide range of services including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. With total deposits reaching $84,433,289 and total loans amounting to 30,885, we prioritize your financial well-being above all else. Our strong net worth of $121,908,341 reflects our stability and dedication to responsible banking practices. We're not just about numbers; we're about making a difference in our community. By choosing Michigan Educational Credit Union, you become part of a family that cares deeply about its members' success. Feel free to reach out to us at 586-566-5599 or visit our website at www.michedcu.org for more information on how we can assist you today! Whether you're looking to open an account or need guidance on a loan application, we're here to help you thrive financially.

Branch History & Mission

Welcome to Michigan Educational, a branch that has been serving the Macomb community since it opened its doors in 1942. Located at 47230 Hayes Rd, Macomb, MI 48044, we have grown from humble beginnings into a vital part of the financial landscape for nearly 81 years. Our commitment to our members and the community drives everything we do. As of today, we proudly serve over 48,745 members with total assets exceeding $1 billion. This remarkable growth reflects not just the trust placed in us by our members but also our dedicated efforts to provide personalized financial services. The journey of Michigan Educational has been filled with milestones that resonate with our mission: to empower individuals and families through education and financial wellness. At Michigan Educational, our mission is straightforward yet impactful: we aim to provide accessible financial services while fostering a sense of community support and education. We believe that financial literacy is key to building a stronger community. Whether you're seeking personal banking solutions like checking and savings accounts or financing options such as auto loans and mortgages, our goal is to equip you with the tools you need for success. We understand that convenience is essential in today's fast-paced world. That's why we offer various services, including online and mobile banking, making it easy for you to manage your finances from anywhere. Additionally, our ATM availability ensures that you have access to your funds whenever you need them. While members can visit us at 47230 Hayes Rd Macomb Mi 48044, official correspondence should be sent to 47230 Hayes Rd, Macomb, MI 48044-5023. Our friendly staff is always ready to assist you during our operating hours from Monday to Friday, 9:30 AM to 5:30 PM. Community involvement is at the heart of what we do. Over the years, Michigan Educational has partnered with local organizations and schools to promote financial education and support various initiatives aimed at enhancing the quality of life in Macomb. We believe that together we can build a brighter future. Join us on this journey! Experience firsthand how Michigan Educational can help you achieve your financial goals while being part of a caring community. Visit us today or explore more about membership options on our website at Michigan Educational. Let's work together toward a prosperous future!

Branch Location & Accessibility

Easy Access and Parking

Our branch offers ample parking to make your visit smooth and hassle-free. We are committed to accessibility, featuring ADA-compliant entrances and ramps to ensure that everyone can visit us comfortably. If you need assistance, our friendly staff is always available to help.

Get in Touch

If you have any questions or would like to learn more about membership opportunities, feel free to call us at 586-566-5599. We're excited to help you achieve your financial goals! Remember, while you can visit us at 47230 Hayes Rd for all your banking needs, official correspondence should be sent to the same address as well. We look forward to seeing you soon!

Operating Hours

We're here for you Monday through Friday from 9:30 AM to 5:30 PM. Stop by during these hours to take advantage of our personal banking services, including checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and more.

Services Offered

At Michigan Educational Credit Union, we pride ourselves on providing a range of services tailored to meet your financial needs. From online and mobile banking options to ATM access right here at the branch convenience is at the heart of what we do. While we don't offer drive-thru service at this location, our team is dedicated to ensuring a quick and efficient experience inside.

Member Eligibility

At Michigan Educational, we believe that becoming a member means joining a community that values you and your financial goals. If you're looking to enjoy the benefits of being part of our family, you'll be pleased to know that membership is open to anyone who lives, works, or studies in the communities we serve. This includes students, teachers, and staff at local educational institutions. Plus, with our welcoming atmosphere and personalized service, you'll feel right at home as you take advantage of our wide range of financial products and services. To get started on your journey with us at 47230 Hayes Rd, Macomb, MI 48044, simply visit our website for detailed eligibility criteria at http://www.michedcu.org/about-us/membership. Once you're ready to open an account, the process is quick and easy; just check out our online application at https://forms.fivision.com/michedcu/oa/default.aspx. If you have any questions or need assistance, don't hesitate to give us a call at 586-566-5599. We can't wait to welcome you into the Michigan Educational 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: - 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.

Merchant Services

In addition to loans, we offer merchant services designed to make transactions smoother for you and your customers. Imagine effortlessly accepting payments via credit cards or mobile wallets at your storefront. Our user-friendly solutions ensure that you can focus on what you do best running your business while we handle the financial transactions. Ready to take your business to the next level? Visit us at 47230 Hayes Rd Macomb Mi 48044, Macomb, MI, or call us at (586) 566-5599 to learn more about how we can assist you today!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

We recognize that convenience is key in today's fast-paced world. That's why we provide ATM & Cash Withdrawal Services, allowing you quick access to cash whenever necessary. With basic ATM access for withdrawals and balance checks, managing your money has never been easier.

Business Banking Solutions

For entrepreneurs and business owners in Macomb, we offer tailored solutions through our Business Banking services. This includes essential Merchant Services & Business Loans, enabling you to manage transactions efficiently while having access to funds when needed.

Connect with Us

If you're interested in learning more about how Michigan Educational can support your financial journey, don't hesitate to reach out! You can contact us at 586-566-5599 or visit us at our branch located at 47230 Hayes Rd Macomb Mi 48044. Explore our website at michedcu.org for additional information on all our offerings. Join us today and experience financial services designed just for you!

Credit Cards and Rewards

Don't forget about our Credit Cards with Rewards, which allow you to earn points for everyday purchases. Whether you're grocery shopping or dining out, those points can add up quickly and be redeemed for exciting rewards.

Personal Banking

For individuals, our Checking & Savings Accounts provide a solid foundation for managing your finances. Imagine effortlessly keeping track of your spending while saving for future goals with just a few taps on your phone. With our Online & Mobile Banking features, you can easily view your account balances, transfer funds, and pay bills anytime, anywhere. When it comes to financing your dream car, our Auto Loans & Vehicle Financing options make it simple and affordable. We understand that purchasing a vehicle is a significant investment, so we offer competitive rates tailored to fit your budget. Additionally, if you're considering buying a home or refinancing an existing mortgage, our Mortgage Loans & Refinancing services ensure you have access to the best rates and terms available. For those unexpected expenses or plans that require extra funding, our Personal Loans & Debt Consolidation options can help you regain control of your finances. You can consolidate high-interest debt into one manageable payment, making it easier to stay on track.

Digital & Online Banking

Easy Access Anytime

With our online banking platform available at https://www.michedcu.org/, you can check your account balances, transfer money, and pay bills from the comfort of your home or on the go. No more rushing to the bank before closing hours. Whether it's early morning or late at night, your finances are just a click away.

Mobile Features for Modern Living

Our mobile application makes it simple to take care of your banking needs right from your smartphone. Enjoy features like person-to-person transfers, so you can send money to friends or family in seconds. Plus, with mobile payments, you can make purchases without reaching for your wallet just tap and go!

Stay Informed and Secure

Stay updated with e-statements that help you keep track of your transactions without the clutter of paper statements. And if you need to sign documents quickly, our electronic signature authorization feature allows you to complete paperwork securely online.

User-Friendly Experience

We focus on making banking easy for everyone. Our services are designed with you in mind, ensuring that even those who aren't tech-savvy can navigate our platforms effortlessly. From checking balances to setting up alerts for transactions, every feature aims to put you in control of your financial journey. At Michigan Educational, we believe that modern banking should be accessible and secure. Join us today and experience the ease of managing your finances digitally!

Financial Strength

Growing Together

With a total of 91,501 accounts held by our members, it's clear that more people trust us with their finances every day. Our commitment to 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 47230 Hayes Rd Macomb Mi 48044 or call (586) 566-5599 to learn more about how we can help you achieve your financial goals!

Investing in Our Future Together

Our commitment to you is further evidenced by our $121,475,521 in undivided earnings. These earnings allow us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures designed to serve you better. We understand that life can bring various financial needs, which is why we offer support through $9,567 in used auto loans and a total of $490,674,836 in loans and leases to help achieve your goals.

Member-Centric Savings

We prioritize your savings and security. Members' funds are safeguarded through $169,111,627 in share certificates. This ensures you have stable and rewarding options for growing your money. Unlike traditional banks, we focus on benefiting our members with our resources reflected by having no non-member deposits at this time ($0). This means that every dollar is directed toward providing you with better loan rates and exclusive member perks.

Operational Efficiency

While our net income stands at $0, it reflects our efficiency as an organization. This allows us to continually provide competitive loan rates and robust financial products tailored for your needs. We pride ourselves on having a dedicated team of 87 full-time employees and 2 part-time employees who are always ready to assist you. Our knowledgeable staff ensures that every visit or call to Michigan Educational is met with excellent service.

Our Solid Foundation

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. This solid foundation is reflected in our net worth ratio of $1,206, which demonstrates that we are well-capitalized to support our members' needs.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We currently have 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 eyeing a brand-new model or a reliable pre-owned option, we're here to assist you every step of the way.

Business Loans

For business owners, our outstanding commercial loans totaling $105,695 provide the capital needed to grow and expand your operations. We understand that running a business requires access to reliable funding sources. At Michigan Educational Credit Union in Macomb, MI, we pride ourselves on our commitment to our members' financial well-being. Our knowledgeable staff is available at 586-566-5599, Monday through Friday from 9:30 AM to 5:30 PM to answer any questions and help you choose the loan that's right for you. 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 invite you to explore your options with us today!

Mortgage Loans

Thinking about homeownership? Our mortgage options are designed to simplify the buying process. We offer Junior Lien 1-4 Family Residential Properties loans totaling $70,216,964. If you're considering refinancing or are unsure about eligibility options, our team is ready to guide you through the process and find the best solution for your situation.

Unsecured Credit Card Loans

We also provide flexible terms on unsecured credit card loans. With a total of $8,888,771 in loans available, these options can help our members manage their finances effectively without tying up their assets.

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