Michigan First Credit Union Detroit MI | Low Mortgage Rates & Rewards Cards

Introduction

Welcome to Michigan First, your trusted financial partner located at 1301 W 8 Mile Rd, Detroit, MI 48203. Since our establishment in 1926, we have proudly served over 165,000 members, offering a range of services designed to help you achieve your financial goals. With total assets exceeding $1.45 billion and total deposits reaching $92,717,185, we are committed to providing a secure and supportive environment for all our members. At Michigan First, we believe that everyone deserves access to affordable banking solutions. Our dedicated team of 490 employees, led by CEO Jennifer Borowy and Board President Linda Height, is here to assist you with personal banking needs, including checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards. We also cater to business clients with services like merchant services and business loans. While members can visit us at the branch for in-person assistance, official correspondence should be sent to our mailing address at 27000 Evergreen Rd, Lathrup Village, MI 48076-3231. As a member-driven credit union, we strive to create a positive impact in our community by promoting financial wellness and supporting local initiatives. Our commitment is reflected in our impressive net worth of $215,571,682 and cash reserves of $24,113,747, which ensure we can meet the diverse needs of our members. Whether you're looking to save for your future or need assistance with financing options, we're here for you every step of the way. Feel free to give us a call at 800-664-3828 or visit our website at michiganfirst.com for more information on how we can help you achieve your financial dreams today!

Branch History & Mission

Community Commitment

We take pride in our active involvement in local initiatives that support education, health, and economic development in Detroit and beyond. Our outreach efforts foster partnerships with local organizations to create positive change within the communities we serve. We understand that when our community thrives, so do our members. At Michigan First, we also recognize the importance of inclusivity and access. Our facilities are designed with ADA compliance in mind, ensuring that everyone can access our resources comfortably. Additionally, we are here for you during our convenient operating hours from Monday to Friday between 10 am - 7 pm, and Saturday from 10 am - 3 pm.

Join Us

As we continue to grow together with our community, we invite you to become part of the Michigan First family. Experience firsthand how we can help you achieve your financial goals while making a meaningful impact right where you live. For any inquiries or assistance, feel free to reach out at 800-664-3828. While members can visit us at 1301 W 8 Mile Rd Detroit Mi 48203, official correspondence should be sent to 27000 Evergreen Rd, Lathrup Village, MI 48076-3231. Join us today at Michigan First where your success is our mission!

Our Journey

From humble beginnings, Michigan First has seen remarkable growth and transformation. What started as a small organization focused on providing essential banking services has blossomed into a full-service credit union with total assets exceeding $1.4 billion. We've made significant strides in enhancing our offerings through technological advancements and customer-centric initiatives. Our commitment to accessibility ensures that everyone can benefit from our services; we are proud to provide ATM availability and online banking options for ease and convenience. Our mission is simple yet profound: to improve the financial lives of our members while actively contributing to the community's growth and prosperity. We believe in building lasting relationships based on trust and support. Whether you're looking for personal banking solutions like checking accounts or auto loans, or business banking services such as merchant services and business loans, Michigan First stands ready to assist you.

Branch Location & Accessibility

Accessibility and Parking

At Michigan First, we strive to make banking accessible for everyone. Our location is equipped with features to support all members, including ADA compliance and ramps for easy entry. Ample parking is available right outside our doors, so you can park with ease while you visit us.

Get in Touch

If you have questions or need assistance, feel free to give us a call at 800-664-3828. We're excited to serve you and help you achieve your financial goals! Come visit Michigan First today where community and convenience come together!

Operating Hours

We understand that life can get busy! That's why we're open Monday through Friday from 10 AM to 7 PM and Saturday from 10 AM to 3 PM. These hours are designed to fit your schedule and ensure you have ample time to get your banking done.

Services Offered

Our branch offers a variety of personal banking services tailored to meet your needs. From checking and savings accounts to auto loans and mortgages, we've got you covered. You can also take advantage of our online and mobile banking services for quick access on-the-go. Plus, with an ATM available right here at our location, cash withdrawals are just a step away! Although we don't have drive-thru services at this branch, our friendly staff is always ready to assist you inside. If you're looking for shared services, please note that they are not available here either.

Member Eligibility

At Michigan First, we believe that everyone deserves a chance to thrive in a welcoming community. Joining us is simple and open to a variety of individuals, whether you live, work, or worship in the area. If you're looking for a supportive financial partner, you're in the right place! To become a member of Michigan First, just check out our eligibility criteria online at . We aim to make banking accessible for all, so don't hesitate if you meet the requirements. Once you're ready to take the next step, opening an account is easy! Just visit us at our branch located at 1301 W 8 Mile Rd Detroit Mi 48203, or give us a call at (800) 664-3828 for more information. Our friendly staff is here to guide you through the process and answer any questions you may have. Experience the benefits of membership with us; 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: - We've funded over $96 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $139 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $32,803,638, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine this: you're at a local market, and customers are lining up to pay for your handmade goods. With our merchant services, accepting payments becomes hassle-free. From credit card processing to digital wallets, we provide tools that simplify transactions, allowing you to focus on what matters most serving your customers and growing your brand. Visit us at 1301 W 8 Mile Rd Detroit Mi 48203 in Detroit, MI, or call us at (800) 664-3828 to discover how our business banking solutions can empower your success!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Are you dreaming of a new car? Our auto loans and vehicle financing solutions make it simple for you to get behind the wheel. We offer competitive rates and flexible terms that can help fit any budget. Picture driving off in your new vehicle knowing that you've secured an excellent deal with Michigan First.

Business Banking

For entrepreneurs and business owners, we offer comprehensive business banking services including merchant services and business loans. We understand the challenges faced by small businesses and are here to support your growth with tailored solutions designed specifically for your needs.

Convenient Access

At Michigan First, convenience is key. We provide ATM services for quick cash withdrawals and balance checks whenever you need them. Plus, our mobile payment options mean that making transactions has never been more straightforward or secure. With all these services available right at your fingertips, we invite you to visit us at Michigan First today! For inquiries or assistance, don't hesitate to give us a call at 800-664-3828 during our operating hours: Monday-Friday from 10 am - 7 pm and Saturday from 10 am - 3 pm. Let us help you take the next step towards achieving your financial dreams!

Credit Cards with Rewards

Our credit cards come packed with rewards that benefit you every time you use them. Whether it's cash back on purchases or travel points, you'll earn rewards just by spending on things you already buy. It's a great way to maximize your everyday spending!

Mortgage Loans & Refinancing

Buying a home is one of the biggest decisions you'll ever make. Our mortgage loans are structured to help you find the perfect fit for your needs, whether it's purchasing a new home or refinancing an existing mortgage for better rates. Our knowledgeable staff will guide you through every step of the process, making it less daunting.

Personal Banking

Whether you're looking to open a checking or savings account, our personal banking services are designed with you in mind. With user-friendly options and competitive rates, managing your finances has never been easier. Imagine having the flexibility to control your finances right from your phone with our online and mobile banking features. You can check balances, transfer funds, and pay bills anytime, anywhere.

Personal Loans & Debt Consolidation

Need some extra cash or looking to consolidate debt? Our personal loans offer straightforward options that can help relieve financial stress. Think about how easy it would be to simplify your payments into one manageable monthly bill while still having access to funds for unexpected expenses.

Digital & Online Banking

In today's fast-paced world, convenience and security are essential for managing your finances. At Michigan First, we understand that our members need quick access to their accounts anytime, anywhere. That's why we offer a comprehensive suite of digital and online banking services designed to make your banking experience smooth and secure. With our 24/7 Online Banking Services, you can manage your accounts at your convenience. Whether you're checking your balance, transferring funds, or paying bills, everything is just a click away at http://www.michiganfirst.com. Our platform is user-friendly and equipped with top-notch security measures, so you can bank with peace of mind. For those who prefer mobile solutions, our Mobile Application brings the power of online banking right to your fingertips. You can easily access all your banking needs on the go. Plus, if you're looking to send money to friends or family quickly, our Person-to-Person Transfers feature makes it as simple as a few taps on your screen. We know that keeping track of your finances is important. That's why we offer E-Statements Availability, allowing you to view your statements electronically whenever you need them. This not only helps you stay organized but also reduces paper waste a win for both you and the environment! Moreover, our Mobile Payments Feature lets you make purchases effortlessly using your smartphone. Imagine leaving your wallet behind and still being able to pay with just a tap! While we currently do not support Electronic Signature Authorization, rest assured that our commitment to providing accessible and easy-to-use services remains strong. At Michigan First, we strive to keep our members connected and informed about their financial health. Explore all that digital banking has to offer at Michigan First today! With tools designed for real-time account management and utmost security, banking has never been easier or more convenient.

Financial Strength

Commitment to Growth

With $161,095,537 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 robust; with $6,460 in used auto loans and $1,047,613,488 in total loans and leases, we support members' financial goals across various sectors.

Member Trust

With a total of 278,173 share accounts, our growing member base reflects the trust placed in us by our community. Our net shares available for lending and investments stand at $2,206,793, reinforcing our commitment to supporting your aspirations. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Michigan First is your trusted partner. Visit us at 1301 W 8 Mile Rd Detroit Mi 48203 or call (800) 664-3828 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our commitment to operational efficiency is evident in our $13,071,474, which allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 489 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Opportunities

Members' savings are secured through $108,565,540 in share certificates and $144,620,068 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $30,889,520, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Foundation

With a net worth of $215,571,682, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,480 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 $86,854,687 in used vehicle loans and $12,432,644 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new vehicle or a reliable used one, we make the process easy and affordable.

Business Loans

For business owners, our outstanding commercial loans totaling $32,803,638 provide the capital needed to grow and expand. We understand the unique challenges businesses face and offer customized lending solutions tailored to your specific needs.

Conclusion

At Michigan First, we pride ourselves on being more than just a financial institution; we are a community partner committed to helping you succeed financially. If you're interested in exploring any of our loan products or would like more information on refinancing options available to you, feel free to contact us at 800-664-3828 or visit us at 1301 W 8 Mile Rd Detroit Mi 48203. 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 dreams!

Credit Cards

Managing everyday expenses can be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $51,755,952 in loans helping members manage their finances effectively. Our credit cards come with various rewards and benefits to suit different lifestyles.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $117,086,782, make buying or refinancing simple. We provide competitive rates and flexible terms that can fit your budget. If you're considering refinancing your existing mortgage, our team is here to guide you through eligibility options that may help reduce your monthly payments.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency and trustworthiness in every comparison. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results that reflect true market conditions. - Real-Time Rate Comparisons: Users benefit from current loan rates from multiple institutions, empowering them to make choices based on the most recent data available. Thousands of users trust LendMesh for their loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights the effectiveness of our platform in delivering substantial savings for our users. 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.

Ensuring 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 commitment to accuracy ensures that you receive fair and transparent offers when comparing loans. Each financial institution listed has been vetted to guarantee that the information is up-to-date and reliable.

Michigan First