Michigan First Credit Union Detroit MI | Top Checking & Mortgage Loans

Introduction

Welcome to Michigan First, your trusted financial partner located at 21431 Grand River Ave, Detroit, MI 48219. Since our establishment in 1926, we have been dedicated to serving our community and empowering members through comprehensive banking solutions. With a robust membership of over 165,000 individuals and total assets amounting to an impressive $1,456,336,933, we are proud to be a cornerstone of financial support in Detroit. At Michigan First, we believe in putting our members first. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgages, our experienced team is here to help. We understand the importance of reliable financial services, which is why we've facilitated a total of 91,153 loans and leases to help our members achieve their dreams. While you can visit us at our branch for all your banking needs, please note that official correspondence should be sent to our mailing address at 27000 Evergreen Rd, Lathrup Village, MI 48076-3231. Our leadership team, led by CEO Jennifer Borowy and Board President Linda Height, is committed to fostering a welcoming environment where you can feel confident in your financial decisions. With dedicated staff 490 strong we strive to provide personalized service tailored to your unique needs. We invite you to explore the various services we offer, including online and mobile banking, credit cards with rewards, and business banking options. Our goal is not just to meet your expectations but to exceed them. Feel free to reach out by calling us at 248-443-4600 or visit our website at michiganfirst.com for more information. Let's work together towards a brighter financial future!

Branch History & Mission

Community Commitment

Community involvement is at the heart of what we do. At Michigan First, we strive to be more than just a financial institution; we are your partners in progress. Our outreach efforts include various partnerships aimed at supporting local schools, charities, and businesses. We believe that by working together with our community members, we can create lasting change and foster growth. While members can visit us at 21431 Grand River Ave, official correspondence should be sent to 27000 Evergreen Rd, Lathrup Village, MI 48076-3231 if needed. Join us at Michigan First today! Experience the difference that comes from being part of a credit union dedicated not only to your financial success but also to the well-being of our entire community. Call us at 248-443-4600 or visit us online at michiganfirst.com for more information about becoming a member!

Our Mission

Our mission goes beyond just providing banking services; we are dedicated to making a positive impact on the lives of our members and the broader community. We believe that everyone deserves access to quality financial resources that can help them thrive. Whether it's through personal banking options like checking and savings accounts or providing loans for auto financing and mortgages, we aim to empower individuals and families on their financial journeys. We also understand the importance of convenience in today's world. That's why we offer features such as online banking and mobile payments, allowing you to manage your finances anytime, anywhere. Plus, with ATM availability right at our branch location and operating hours from Monday to Friday 10 am - 7 pm and Saturday 10 am - 3 pm, we're here when you need us most.

Branch Location & Accessibility

Welcome to Michigan First, your friendly neighborhood credit union located at 21431 Grand River Ave in Detroit, MI. We understand that convenience is key when it comes to banking, and our branch is designed with you in mind. Nestled in the vibrant city of Detroit, we are just a stone's throw away from local favorites and essential services, making your visit easy and enjoyable. While members can visit us at 21431 Grand River Ave, official correspondence should be sent to our mailing address at 27000 Evergreen Rd, Lathrup Village, MI 48076-3231. Our location is easily accessible, with ample parking available for your convenience. Plus, we are committed to ensuring all members can access our services comfortably; our branch features ADA-compliant facilities including ramps for those who need them. At Michigan First, we're here to serve you during our lobby hours from Monday to Friday, from 10 AM to 7 PM and Saturday from 10 AM to 3 PM. Whether you're looking to open a new account, apply for a loan, or simply ask a question about your finances, our friendly staff is ready to assist you. For those on the go, we also offer ATM services right at our location, allowing for quick cash withdrawals and balance checks without needing to step inside. While we don't have drive-thru banking available, we make sure that every visit is as efficient as possible. If you're looking for personal banking options like checking and savings accounts or need assistance with auto loans and mortgage refinancing, you've come to the right place! Our range of services includes credit cards with rewards and business banking solutions tailored for local entrepreneurs. We invite you to stop by or give us a call at 248-443-4600. Let us help you achieve your financial goals your journey starts here at Michigan First!

Member Eligibility

At Michigan First, we believe that everyone deserves a chance to be part of a caring and supportive financial community. Becoming a member is simple and welcoming. If you live, work, worship, or attend school in the area, you're likely eligible to join us! We embrace individuals from all walks of life, making it easy for you to access our wide range of services tailored just for you. You can enjoy benefits like competitive rates on loans and savings accounts, personalized financial advice, and a community-focused approach that truly puts members first. To find out more about the specific eligibility criteria, feel free to visit our website. Ready to take the next step? Opening an account with us is straightforward and convenient just give us a call at (248) 443-4600 or stop by our branch located at 21431 Grand River Ave Detroit Mi 48219 during our operating hours. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Merchant Services That Make Sense

In addition to loans, we offer merchant services designed to simplify payments for your business. Picture this: your restaurant uses our mobile payment solutions to allow customers to pay at their tables with ease, enhancing their dining experience while speeding up service. At Michigan First, we're here to ensure that your financial needs are met so you can focus on what you do best running your business! Visit us at 21431 Grand River Ave Detroit Mi 48219 in Detroit, MI, or call us at (248) 443-4600 to learn more about how we can support your business journey today.

Supporting Your Business 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. Imagine a local bakery that expanded its operations thanks to our funding, allowing it to serve more customers and create jobs in the community. - We also support the broader business community with $139 in non-member commercial loans, providing flexible financing solutions. A local retail shop could find the perfect loan to boost inventory during the holiday season, ensuring they meet customer demand. - With an outstanding commercial loan portfolio of $32,803,638, we continue to drive economic growth by financing new and expanding businesses. This means more opportunities for local entrepreneurs and a stronger economy for everyone.

Comprehensive List Of Services

Business Banking Services

For entrepreneurs and small business owners, Michigan First provides robust Business Banking solutions including Merchant Services & Business Loans. We know how important cash flow is for businesses; thus, our services are designed to help you thrive in today's economy.

Convenient Digital Banking

In today's fast-paced world, access to your accounts should be simple and convenient. That's why we offer comprehensive Online & Mobile Banking features that let you manage your finances anytime, anywhere. Need to check your balance or transfer funds? You can do it all through our user-friendly app or website. With ATM availability and cash withdrawal services right at your fingertips, handling daily transactions has never been more straightforward.

Credit Options

For those in need of extra funds for personal projects or unexpected expenses, our Personal Loans & Debt Consolidation options can help lighten your financial load. With straightforward terms and competitive rates, consolidating debt or funding a project has never been easier. Additionally, we offer Credit Cards with Rewards that allow you to earn points on everyday purchases. It's not just about spending; it's about gaining rewards that can benefit you later on!

Get Started Today!

Ready to take control of your financial journey? Visit us at Michigan First, or give us a call at 248-443-4600. Our friendly staff is eager to help you discover all the ways we can support your financial needs! Don't wait start building a brighter financial future today!

Home Financing Solutions

When it comes to finding the perfect place to call home, our Mortgage Loans & Refinancing services provide various options for first-time buyers and those looking to refinance their current mortgage. Picture yourself settling into a new home with manageable monthly payments and support from our knowledgeable staff who will walk you through the process.

Personal Banking Services

We understand that managing your finances can be challenging. That's why we offer Personal Banking options that include Checking & Savings Accounts designed to help you reach your financial goals. Imagine having an account that not only keeps your money safe but also rewards you with interest as it grows. Our team can guide you through choosing the right account for your lifestyle. If you're considering purchasing a vehicle, our Auto Loans & Vehicle Financing make it easy to get behind the wheel without breaking the bank. We offer competitive rates and flexible terms that cater to your budget, so you can drive off with confidence.

Digital & Online Banking

Convenient Online Banking Services

With our online banking platform available at http://www.michiganfirst.com, you can check your account balances, transfer funds, and pay bills all from the comfort of your home. Enjoy 24/7 access to your financial information, so you're always in control. No more waiting in line or rushing to the bank before it closes!

Mobile Banking Made Easy

For those who prefer banking on the move, our mobile application is just what you need. You can download it easily and take advantage of features like mobile payments, person-to-person transfers, and e-statements. With mobile payments enabled, making quick transactions has never been simpler just a few taps on your phone and you're done!

Real-Time Account Management

Keeping track of your finances is a breeze with features like e-statements and person-to-person transfers. You can send money directly to friends or family without any hassle. This real-time management allows you to stay updated on your spending and savings. In summary, Michigan First provides an array of digital banking options that prioritize both convenience and security. Explore everything we have to offer by visiting us online today!

Secure and User-Friendly Experience

Your security is our top priority. Our online banking services use advanced encryption technology to keep your information safe. Plus, with electronic signature authorization not currently offered, you can rest assured that every transaction requires your active participation for added safety.

Financial Strength

A Growing Member Base

With a total of 278,173 share and deposit accounts, we have a strong and growing member base that trusts us with their finances. Additionally, our net shares available for lending stand at $2,206,793, showcasing our commitment to supporting your needs. 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 21431 Grand River Ave Detroit Mi 48219 or call (248) 443-4600 to learn more about how we can help you achieve your financial goals.

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

Member-Focused Savings

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 efficient operations are reflected in our $2,857,264, 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 employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Health

With a net worth of $215,571,682, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 14.80% 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

At Michigan First, we understand that financial needs vary from person to person. That's why we offer a diverse range of loan products tailored to help you meet your goals. Whether you're looking for a new car, a home, or simply want to manage your finances better, we've got you covered. With over 91153 loans issued, we've helped thousands of members achieve their financial goals. Our auto loans are especially popular; 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 aim to make your vehicle purchasing experience as smooth as possible. If you're considering homeownership, our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $117,086,782. This makes buying or refinancing simple and accessible for our members. For those managing business needs, we provide outstanding commercial loans totaling $32,803,638, offering essential capital to help businesses grow and expand. Additionally, we also cater to personal finance management through flexible terms on unsecured credit card loans. With a total of $51,755,952 in unsecured credit card loans helping members manage their finances effectively, we're here to support your financial journey. Our goal is not just about lending but empowering our members with options that suit their specific circumstances. If you're considering refinancing or want to learn more about eligibility options for any of our loan products, don't hesitate to reach out. Located at 21431 Grand River Ave in Detroit, MI 48219, we invite you to visit us or give us a call at 248-443-4600. Our friendly team is ready to assist you from Monday to Friday between 10 am and 7 pm and on Saturdays from 10 am to 3 pm. 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 Michigan First be your partner in achieving financial success!

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MICHIGAN FIRST CREDIT UNION - Detroit, MI

Type of Loan Offerings

Vehicle Loans

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