Michigan First Credit Union Detroit MI | Quick Personal Loans & Auto Financing

Introduction

Welcome to Michigan First at our Corktown Branch, located at 2825 Trumbull St, Detroit, MI 48216. Since our establishment in 1926, we have dedicated ourselves to serving our community with integrity and compassion. With a strong membership base of 165,037, we are proud to be a trusted financial partner for individuals and families in the Detroit area. At Michigan First, we understand that financial needs can vary widely. That's why we offer a range of services including personal banking options such as checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards. Our commitment goes beyond just banking; we are here to support you in achieving your financial goals. With total assets exceeding $1.45 billion and total deposits reaching $92,717,185, we are well-equipped to provide reliable financial solutions. Our net worth stands at an impressive $215,571,682, reflecting our stability and strength as a credit union. We also maintain a healthy cash reserve of $24,113,747 to ensure we can meet your needs promptly. Our leadership team is led by CEO Jennifer Borowy and Board President Linda Height, both of whom are passionate about fostering a supportive environment for our members. With a dedicated team of 490 employees, we strive to create lasting relationships built on trust and transparency. While members can visit us at our Corktown Branch for all their banking needs, official correspondence should be sent to the same address: 2825 Trumbull St, Detroit, MI 48216. If you have any questions or need assistance, feel free to reach out to us at 313-962-4666 during our lobby hours from Monday through Friday, 9:30 AM to 5 PM. Join us at Michigan First where your financial wellbeing is our priority! Visit us online at Michigan First or stop by today to experience the difference in personalized banking services tailored just for you.

Branch History & Mission

Commitment to Accessibility

At Michigan First, we strive for accessibility in all our services. While we do not currently offer ATM or drive-thru services at this branch location, we are committed to ensuring that all members can access their accounts easily through online platforms. We believe that everyone deserves equal access to financial resources. As part of our dedication to inclusivity, we also ensure ADA compliance so that all members can navigate our services comfortably.

Join Us

As we look forward to the future at Michigan First, we invite you to become part of our family. Experience the benefits of being a member where your financial well-being is prioritized. Whether you're looking for guidance on loans or seeking support for your business ventures, we're here for you every step of the way. Contact us today at 313-962-4666 or visit us during lobby hours from Monday through Friday from 9:30 AM to 5 PM. Let's build a brighter financial future together!

Our Evolution

From humble beginnings to becoming a trusted financial partner in the community, Michigan First has always been dedicated to providing exceptional service. We've seen significant milestones throughout our history that showcase our commitment to innovation and member satisfaction. As we adapt to changing needs and technology advancements, we've embraced digital banking options such as online banking and mobile payments while maintaining a personal touch through customer service. While members can visit us at our branch on Trumbull Street, official correspondence should be sent to the same address: 2825 Trumbull St, Detroit, MI 48216. Our location is conveniently situated near local landmarks that make it easy for our members to find us.

Our Mission

The mission of Michigan First is simple yet powerful: to empower individuals and businesses by providing exceptional financial services while fostering community growth. We believe that when our members thrive, so does the community. Through partnerships with local organizations and outreach initiatives, we actively contribute to making Detroit a better place for everyone. Our focus extends beyond just banking; we offer personal banking solutions including checking and savings accounts, auto loans, mortgage refinancing, credit cards with rewards, and business banking services. We aim to meet diverse financial needs while ensuring every interaction is centered around you.

Branch Location & Accessibility

Accessibility Features

At Michigan First, we believe in making banking accessible for everyone. Our branch is ADA compliant and features ramps for easy entry. We also provide ample parking spaces to ensure that your visit is as smooth as possible.

Contact Us

If you have any questions or would like more information about our services, don't hesitate to give us a call at 313-962-4666. We look forward to welcoming you at Michigan First Corktown Branch!

Operating Hours

Our friendly team is ready to assist you Monday through Friday from 9:30 AM to 5 PM. We understand that life can get busy, so we've designed our hours to fit your schedule.

Services Offered

At the Corktown Branch, you will find a wide array of services tailored to meet your needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we have everything covered. If you're a business owner, take advantage of our business banking solutions including merchant services and business loans. Plus, with online and mobile banking available, managing your finances has never been easier.

Member Eligibility

Joining the Michigan First community is a warm and welcoming experience, designed to make you feel right at home. To become a member, you need to meet some simple eligibility criteria. Generally, if you live, work, or worship in the areas we serve, you're likely to qualify. We embrace diversity and welcome individuals from all walks of life to join us on this financial journey together. Membership here means access to a range of benefits that can help you achieve your goals, from personal banking solutions to tailored loan options. If you're curious about the specifics of our eligibility criteria, feel free to explore more at this link. Opening an account with us is straightforward and friendly! Just give us a call at 3139624666 or stop by our branch located at 2825 Trumbull St Detroit Mi 48216 during our operating hours from Monday to Friday, 9:30 am to 5 pm. Our dedicated team is here to guide you through every step of the process and answer any questions you may have. Becoming part of Michigan First means gaining not just a bank but a community that cares about your financial well-being.

Business Banking & Commercial Services

Business Loans That Fuel Growth

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 Tailored for You

Imagine a busy Saturday at your local café. Your customers are eager to pay for their favorite drinks, but long lines can lead to missed sales. That's where our merchant services come into play. We provide user-friendly payment solutions that help you accept credit cards effortlessly, keeping your customers happy and transactions smooth. Our goal is to take the hassle out of payments so you can focus on what you do best running your business. Located at 2825 Trumbull St Detroit Mi 48216 in Detroit, MI, our team is ready to assist you with tailored financial solutions that suit your unique needs. Reach out to us at (313) 962-4666 during our operating hours from Monday to Friday, 9:30 AM to 5 PM, and let's discuss how we can help your business thrive!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

While we do not have ATMs at this location, we ensure that cash withdrawal needs are met through convenient access points nearby, so you never find yourself short on cash when you need it most. At Michigan First, we pride ourselves on being more than just a financial institution; we're part of the community in Detroit. With dedicated staff ready to assist you at every turn, we invite you to explore how our services can improve your financial well-being. For more information about what we offer or to speak with one of our friendly representatives, please call us at 313-962-4666 during our lobby hours: Monday through Friday from 9:30 AM to 5 PM. We look forward to supporting your financial journey!

Auto Loans & Vehicle Financing

Thinking about purchasing a new vehicle? Our Auto Loans & Vehicle Financing options provide competitive rates and flexible terms to suit your budget. Picture yourself behind the wheel of your new car, knowing you've secured financing that works for you.

Business Banking

If you're an entrepreneur or a business owner, check out our Business Banking services which include Merchant Services & Business Loans. We understand the challenges of running a business and are here to provide financial solutions that empower you to grow and succeed.

Credit Cards with Rewards

For those who enjoy shopping or traveling, our Credit Cards with Rewards can enhance your spending experience. Earn points on everyday purchases that can be redeemed for exciting rewards, making each purchase feel like a step towards something special.

Mortgage Loans & Refinancing

Homeownership is within reach with our comprehensive Mortgage Loans & Refinancing services. Whether you're buying your first home or looking to refinance an existing mortgage for better rates, we're here to guide you through the process smoothly and efficiently.

Online & Mobile Banking

In today's fast-paced world, convenience is key. Our Online & Mobile Banking features allow you to manage your accounts from anywhere at any time. Whether it's checking balances, transferring funds, or paying bills on-the-go, we've got you covered with user-friendly digital tools.

Personal Banking

Managing your finances can be simple and rewarding with our Personal Banking options. We offer Checking & Savings Accounts that fit various lifestyles. Imagine having easy access to your funds, whether you're paying bills online or saving for that dream vacation. Our accounts come with features that make banking convenient and efficient.

Personal Loans & Debt Consolidation

Sometimes life throws unexpected expenses your way. That's where our Personal Loans & Debt Consolidation come in handy. With manageable repayment plans, these loans can help you take control of your finances and ease the stress of multiple debts.

Digital & Online Banking

Key Features of Our Digital Banking Services

With our 24/7 online banking platform, you can check your account balances, transfer funds, and pay bills without stepping foot in a branch. Enjoy the ease of managing your finances with just a few clicks. Our user-friendly mobile application makes it even easier; download it today and take your banking experience wherever you go. Need to send money to a friend? Our person-to-person transfer feature allows you to quickly send funds directly from your account, making transactions simple and hassle-free. Plus, with mobile payments enabled, you can make purchases right from your phone perfect for those busy days when you're out and about.

Security You Can Trust

Your security is our top priority. We use advanced technology to protect your personal information and ensure that all transactions are safe. Though we currently do not offer electronic signature authorization for documents, rest assured that our secure online environment keeps your data protected. If you prefer paperless statements, you'll be pleased to know that e-statements are available at Michigan First. This not only helps you stay organized but also contributes to a greener planet by reducing paper waste. In short, our digital banking services empower you to manage your money effectively while providing peace of mind through robust security measures. Join us at Michigan First and experience the convenience of modern banking today!

Financial Strength

Growing Together

Total Share Accounts stand at an impressive 278,173, showing a strong and growing member base that trusts us with their finances. The funds available for lending and investments total $2,206,793 through net shares. 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 2825 Trumbull St Detroit Mi 48216 or call 313-962-4666 to learn more about how we can help you achieve your financial goals.

Member Savings and Investments

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.

Operational Efficiency

Our operational efficiency is reflected in our net income of $13,071,474, enabling 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 employee, ensuring our branches are always ready to serve you with a knowledgeable team.

Our Financial Health

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 1480 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting for Your Future

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 supports your financial goals across various sectors with $6,460 in used auto loans and a total of $1,047,613,488 in loans and leases available.

Loan Offering

Additional Financing Options

For business owners seeking growth opportunities, our outstanding commercial loans totaling $32,803,638 provide the capital needed to expand your business ventures. This support can be crucial for establishing or scaling your operations. If you're considering refinancing any of these products or exploring eligibility options, our team is here to guide you through the process seamlessly. At Michigan First, we're committed to helping you achieve financial success through our range of loan offerings. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. Visit us today and let's discuss how we can support your financial journey!

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. We know how important it is to have reliable transportation, and our competitive rates make it easier than ever to finance your next vehicle.

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 flexible terms and personalized service to help you find the right mortgage solution that fits your budget and lifestyle.

Unsecured Credit Card Loans

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. These cards are designed to offer convenience while allowing you to build or improve your credit score.

Loan Aggregator

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Ensuring Accurate Loan 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 sourcing data from reputable institutions guarantees fair and transparent offers for every user.

MICHIGAN FIRST CREDIT UNION - Detroit, MI

Type of Loan Offerings

Vehicle Loans

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Loan rates in Detroit, MI (48216)