Michigan Educational Credit Union Royal Oak MI

Introduction

Welcome to Michigan Educational, your trusted financial partner located at 1903 Rochester Rd, Royal Oak, MI 48073. Since our establishment in 1942, we have proudly served the community with dedication and integrity. Our commitment to our members is reflected in our strong financial foundation, boasting total assets of over $1 billion and a robust membership of 48,745 individuals. At Michigan Educational, we understand that every member's financial journey is unique. Whether you're looking for loans, savings options, or advice on managing your finances, our knowledgeable team is here to help you every step of the way. With total deposits exceeding $84 million and a net worth of $121 million, you can trust us to safeguard your hard-earned money. While you can visit us at our branch for personalized service, official correspondence should be sent to the same address: 1903 Rochester Rd, Royal Oak, MI 48073. If you need assistance or have questions about our services, don't hesitate to reach out by calling us at (248) 399-7473. Led by CEO Robert Sandercock and Board President Alonzo Glaze, our team of 89 employees is dedicated to enhancing your banking experience. We take pride in being a community-focused credit union that understands your needs and strives to exceed your expectations. Join us today and discover how Michigan Educational can support your financial goals. For more information on membership and services, please visit our website at www.michedcu.org. We look forward to welcoming you into our family!

Branch History & Mission

Community Commitment

Our dedication goes beyond transactions; we actively participate in local events and support various initiatives that uplift those around us. Partnerships with schools and organizations enable us to offer educational programs designed to promote financial literacy among all ages. By investing in our community's growth and development, we aim to create a brighter future for everyone.

Join Us Today!

With operating hours from Monday to Friday from 9:30 AM to 5:30 PM, we're here when you need us most. Although we currently do not have ATM or drive-thru services available at this location, our friendly staff is always ready to assist you with your banking needs over the counter or via phone at 248-399-7473. We invite you to experience the benefits of membership with Michigan Educational. Join us today and become part of a community-focused credit union that genuinely cares about your financial success! Visit us online at Michigan Educational for more information on how to become a member or open an account. Your journey towards better financial health starts here!

Our Evolution

From the start, Michigan Educational has focused on fostering financial well-being within our community. Over the decades, we've expanded our services and adapted to meet the changing needs of our members. With each milestone, we have embraced new technologies and practices that enhance convenience and accessibility. Today, our commitment to providing user-friendly digital banking options allows members to manage their finances effortlessly through online banking and mobile applications.

Our Mission

At the heart of Michigan Educational is our mission: to provide comprehensive financial services that enrich the lives of our members and strengthen our community. We believe in not just offering loans and accounts but also in building lasting relationships with our members. Whether it's through personalized support or community outreach initiatives, we strive to make a positive impact in every interaction. While you can visit us at our main branch location for any banking needs, official correspondence should be sent to the same address: 1903 Rochester Rd, Royal Oak, MI 48073.

Branch Location & Accessibility

Accessibility Features

We prioritize accessibility for all our members. Our branch is equipped with ADA-compliant features, including ramps and designated parking spaces, ensuring everyone can access our services comfortably. Whether you're visiting us for personal banking or exploring loan options, we aim to make your experience smooth and welcoming.

Operating Hours

Our doors are open Monday through Friday from 9:30 AM to 5:30 PM, allowing you ample time to visit us during your busy week. If you have questions or need assistance outside these hours, don't hesitate to give us a call at 248-399-7473. Our friendly staff is always ready to help!

Services Offered

At Michigan Educational, we strive to meet your banking needs right here at our Royal Oak branch. While we currently do not have ATM services or drive-thru banking, our dedicated team is here to assist you with various services tailored for your financial journey. Whether you're looking for savings accounts or loan consultations, we've got you covered. While members can visit us at 1903 Rochester Rd Royal Oak Mi 48073, official correspondence should be sent to the same address as there's no difference from our mailing address. We invite you to stop by soon! Experience the convenience and personalized service that makes Michigan Educational a trusted partner in your financial journey.

Member Eligibility

At Michigan Educational, we believe that everyone deserves a supportive community to help them thrive. Becoming a member is simple and welcoming, whether you're a student, educator, or someone who lives or works in the communities we serve. To check if you qualify, visit our eligibility page at http://www.michedcu.org/about-us/membership, where you'll find all the details laid out clearly. We take pride in offering a range of benefits designed to support your financial journey, from competitive rates on loans to personalized service that feels like family. Once you confirm your eligibility, opening an account is just a few clicks away! You can easily start the process by visiting https://forms.fivision.com/michedcu/oa/default.aspx. If you have any questions or need assistance, don't hesitate to call us at (248) 399-7473. Join us at our branch located at 1903 Rochester Rd Royal Oak Mi 48073, and become part of something special today!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine a local café that needs quick access to funds for new equipment. Our merchant services provide easy payment processing solutions, allowing business owners to focus on what they do best serving their customers. Whether you're a startup or an established company, our tools are designed to simplify transactions and enhance cash flow. Explore how Michigan Educational can be your partner in growth. For more information, reach us at (248) 399-7473 or visit us online at https://www.michedcu.org/.

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

Convenience and Support

At Michigan Educational, we believe in making banking easy and accessible for all our members. Our lobby hours are designed to fit busy schedules: we are open Monday through Friday from 9:30 AM to 5:30 PM. If you have any questions or need assistance with any of our services, don't hesitate to reach out! You can contact us directly at 248-399-7473.

Join Us Today!

Ready to experience personalized service in a welcoming environment? Visit us at Michigan Educational in Royal Oak or explore our website at michedcu.org. Whether you're opening an account or just seeking advice on your next steps in financial planning, we're here for you every step of the way. Let's achieve your financial goals together!

Our Services

Navigating your financial journey can be challenging, but at Michigan Educational, we aim to make it as straightforward as possible. One of the key services we offer is ATM services. Even though we don't have ATMs at our location, our members can access a network of ATMs conveniently located throughout the area. This means you can withdraw cash or check your balance whenever you need to without any hassle. For those who prefer managing their finances online, we provide robust online banking features. You can easily check your account balances, transfer funds between accounts, and pay bills from the comfort of your home or on the go using our mobile application. With features like mobile payments and person-to-person transfers, sending money to friends or family has never been easier. If you're considering a loan whether it's for a new car or other personal needs our team is here to guide you through the process. We understand that everyone's financial situation is unique, and we're committed to finding solutions that fit your individual requirements.

Digital & Online Banking

Experience Effortless Banking

Whether you're using our website or mobile app, managing your finances has never been easier. With real-time account management and a variety of tools at your fingertips, Michigan Educational is committed to helping you achieve financial peace of mind. Join us today and experience the convenience of digital banking like never before!

Key Features

With our online banking platform, accessible at https://www.michedcu.org/, you can manage your accounts anytime, anywhere. Need to check your balance? Transfer funds? Pay bills? It's all just a click away! Plus, our 24/7 online banking services ensure that you have access to your financial information whenever you need it. For those who prefer mobile banking, our user-friendly mobile application is available for download, making it even easier to handle your transactions right from your smartphone. With features like mobile payments, you can make purchases directly from your phone without needing cash or cards.

Security and Convenience

We prioritize your security with electronic signature authorization, ensuring that all transactions are safe and sound. And if you're looking to go paperless, you'll be happy to know that e-statements are readily available. This not only helps the environment but also keeps your financial documents organized and accessible. Need to send money quickly? Our person-to-person transfer feature lets you send funds to friends or family in just a few taps. No more waiting for checks to clear or dealing with cash!

Financial Strength

Commitment to Growth

We have $121,475,521 in undivided earnings, which allows us to reinvest in innovative banking tools and enhanced security measures to serve you better. Our lending capacity supports your financial goals with $9,567 in used auto loans and $490,674,836 in total loans and leases available.

Member-Centric Savings

Your savings are our priority. Members' funds are secured through $169,111,627 in share certificates, offering stable and rewarding financial growth opportunities. While we do not currently hold any money market shares, our commitment to your financial well-being remains unwavering. Unlike traditional banks, we focus solely on our members. With non-member deposits at $0, we ensure that our resources are dedicated to benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is highlighted by our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 87 full-time employees and 2 part-time employees ready to assist you with a knowledgeable team.

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. 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.

Trusted Partnership

Our net shares available for lending stand at $0, while we proudly serve a growing member base with a total of 91,501 accounts. This reflects the trust that you place in us as your financial partner. 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 1903 Rochester Rd Royal Oak Mi 48073 or call (248) 399-7473 to learn more about how we can help you achieve your financial goals.

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. We provide flexible terms and refinancing options to ensure you find a plan that fits your budget.

Credit Lines

In addition to traditional loans, our total credit lines amounting to $180,000,000 provide quick access to funds when you need them most. This flexibility allows you to handle emergencies or unexpected expenses without stress. If you're interested in any of these products or want more information about eligibility options, please don't hesitate to reach out. You can contact us at 248-399-7473 or visit us at our branch located at 1903 Rochester Rd Royal Oak MI 48073. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

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 guide you through every step of the process so you can feel confident in your investment.

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. These cards come with competitive interest rates and no hidden fees.

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). This ensures that users receive fair and transparent offers. Each loan listing reflects the most current information available, so you know you're seeing accurate rates.