Michigan First Credit Union Detroit MI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Michigan First, your trusted financial partner located at 19200 Wyoming St, Detroit, MI 48221. Established in 1926, our credit union has proudly served over 165,000 members with a commitment to community and member satisfaction. With total assets exceeding $1.4 billion and a strong net worth of $215,571,682, we are dedicated to providing robust financial services tailored to meet your needs. At Michigan First, we understand that every member's financial journey is unique. That's why we offer a variety of products including personal banking options such as checking and savings accounts, auto loans, mortgage loans, and even credit cards with rewards. Our team is here to ensure you have the support you need every step of the way. While members can visit us at our branch location, official correspondence should be sent to our mailing address: 19200 Wyoming, Detroit, MI 48221. You can reach us easily at 248-395-4183 for any inquiries or assistance. Our leadership team, led by CEO Jennifer Borowy and Board President Linda Height, is passionate about fostering a welcoming environment for all our members. With 490 dedicated employees, we strive to create meaningful relationships within the community and provide exceptional service. Join us today at Michigan First and experience a credit union that truly cares about your financial well-being! Explore more about us on our website michiganfirst.com or stop by our branch during lobby hours from Monday to Thursday from 8:30 a.m. to 5:00 p.m., and Friday until 6:00 p.m. We look forward to serving you!

Branch History & Mission

A Community-Centric Approach

At Michigan First, we understand that modern banking requires both innovation and compassion. That's why we've integrated digital advancements like online and mobile banking into our services while ensuring that every member feels valued and heard. Our facilities are designed with accessibility in mind so everyone can benefit from our offerings. In addition to traditional banking services, we take pride in our partnerships with local organizations and schools aimed at improving financial literacy and providing support where it's needed most. By investing in our community's future, we're helping build a stronger tomorrow. We invite you to experience what makes Michigan First unique a place where your financial well-being is our priority. Join us today and discover the benefits of being part of a credit union that truly cares! For any questions or assistance, feel free to reach out at 248-395-4183. Together, let's pave the way toward a brighter financial future!

Our Evolution

Located at 19200 Wyoming St, Detroit, MI 48221, our branch has become a cornerstone of the local community. As we evolved through the years, we embraced changes and advancements that enhanced our offerings. We are committed to providing personal banking solutions, including checking and savings accounts, auto loans, mortgages, and business banking services. Our mission is simple yet powerful: to empower our members with the tools they need to achieve their financial goals while fostering a sense of community. We believe in not just serving but uplifting those around us. Whether it's through financial education programs or community outreach initiatives, our goal is to make a positive impact in every life we touch. While members can visit us at 19200 Wyoming St, official correspondence should be sent to 19200 Wyoming, Detroit, MI 48221. This commitment to accessibility extends to our operating hours as well: Monday through Thursday from 8:30 a.m. to 5:00 p.m., and Friday from 8:30 a.m. to 6:00 p.m.

Branch Location & Accessibility

Call to Action

We invite you to stop by Michigan First at 19200 Wyoming St in Detroit today. If you have any questions or need assistance before your visit, don't hesitate to call us at 248-395-4183. We look forward to serving you!

Location Details

If you're planning to visit us, you'll find ample parking available to make your trip hassle-free. Our branch is fully accessible, featuring ADA-compliant entrances and ramps to ensure everyone can walk through our doors comfortably. Whether you're stopping by for personal banking or looking into our loan options, we aim to create a welcoming environment for all. For official correspondence, please note that while members can visit us at our physical location, any mailing should be directed to 19200 Wyoming, Detroit, MI 48221.

Operating Hours and Services

We understand that life can be busy! That's why we're open Monday through Thursday from 8:30 a.m. to 5:00 p.m., and on Fridays until 6:00 p.m., allowing you plenty of time to drop in after work or during your lunch break. Our friendly staff is here to help with everything from checking and savings accounts to auto loans and credit cards with rewards. Our branch also features a drive-thru service for quick transactions like deposits and withdrawals without leaving your car. Plus, with ATM availability onsite, you can access cash whenever you need it day or night!

Member Eligibility

At Michigan First, we believe that becoming a member is like joining a family where everyone supports each other. If you're interested in experiencing the benefits of membership, it's easier than you might think! To be eligible, you typically need to live, work, worship, or attend school in the communities we serve. We welcome individuals from all walks of life who share our commitment to building a brighter financial future together. The advantages of being part of Michigan First include access to personalized banking services, competitive loan rates, and community-focused programs that truly make a difference. For those ready to take the next step, opening an account is simple! Just visit us at our branch located at 19200 Wyoming St Detroit Mi 48221, or give us a call at (248) 395-4183 for more information. You can also check out the detailed eligibility criteria on our website [here](). We're excited to have you join us on this journey towards financial empowerment!

Business Banking & Commercial Services

Merchant Services That Empower

Imagine having the tools you need to accept payments seamlessly and manage your cash flow efficiently. Our merchant services offer just that, allowing you to focus on what you do best running your business. From credit card processing to online payment solutions, we provide practical benefits that save you time and enhance customer satisfaction. Located at 19200 Wyoming St Detroit Mi 48221, Detroit, MI 48221, our team is ready to assist you in navigating your business's financial landscape. For more information or to get started, call us at (248) 395-4183 today!

Tailored Loan Solutions

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.

Comprehensive List Of Services

ATM and Drive-Thru Services

For those who prefer face-to-face transactions but are short on time, our branch offers basic drive-thru banking for quick deposits and withdrawals. Additionally, our ATM provides 24/7 access for cash withdrawals and balance checks. If you have any questions about these services or want to learn more about how Michigan First can assist you with your financial journey, feel free to reach out at 248-395-4183 or visit us at our branch in Detroit. We invite you to explore all that Michigan First has to offer! Let us help you achieve your financial goals today!

Business Banking Support

At Michigan First, we recognize the importance of supporting local businesses. Our business banking services include merchant services and business loans that empower entrepreneurs to thrive in their ventures. Whether you're just starting or looking to expand, we're here to help you every step of the way.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we have invested in robust online and mobile banking features that allow you to manage your finances anytime, anywhere. Our members enjoy easy access to their accounts through our user-friendly app and website. You can make deposits, pay bills, transfer money between accounts, and even send money to friends through our person-to-person payment feature.

Personal Banking Solutions

Whether you're opening your first checking account or managing savings for a significant purchase, our personal banking services are designed with you in mind. We offer various checking and savings accounts that fit different lifestyles and financial goals. If you're thinking about buying a car, our auto loans and vehicle financing options can help you get behind the wheel with competitive rates. For those looking to invest in real estate, our mortgage loans and refinancing services simplify the home-buying process. We also provide personal loans and debt consolidation options to assist you in managing expenses or consolidating existing debt into one manageable payment. And don't forget about our credit cards with rewards, which allow you to earn points on everyday purchases.

Digital & Online Banking

Key Features

Our online banking platform provides real-time account management, allowing you to check balances, transfer funds, and pay bills with just a few clicks. Want to send money to a friend? Our person-to-person transfer feature makes it easy and quick, so you can share expenses or split bills without hassle. Plus, if you're always on the go, our mobile application ensures that all these functionalities are right in your pocket, giving you access anywhere, anytime.

Security and Ease of Use

Security is our top priority. While we do not currently support electronic signature authorization, rest assured that our systems are built with robust security measures to protect your information. You can also opt for e-statements to manage your documents digitally no more paper clutter! And for those who prefer contactless payments, our mobile payments feature lets you make purchases quickly and securely right from your smartphone. It's just one more way we're making banking easier for you. At Michigan First, we believe in providing accessible and user-friendly services that enhance your banking experience. Whether you're at home or out and about, our digital tools help ensure you're always in control of your finances. Visit us today at http://www.michiganfirst.com to learn more about how our online banking services can work for you!

Financial Strength

A Growing Community

Total Share and Deposit Accounts: 278,173, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $2,206,793. 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 19200 Wyoming St Detroit Mi 48221 or call (248) 395-4183 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.*

Commitment to Growth and Innovation

Our financial position is further supported by $161,095,537 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $6,460 in used auto loans and $1,047,613,488 in total loans and leases, our lending capacity supports your financial goals across various sectors.

Member-Centric Savings

Your 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 impressive $13,071,474 reflects our operational efficiency, 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 who are always ready to serve you with a knowledgeable, committed team.

Solid 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 $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. We offer financing for both new and used vehicles, making it easier for you to find the perfect fit for your lifestyle. Plus, if you're considering refinancing your current auto loan, we can help you explore eligibility options that may save you money.

Business Financing

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 are here to offer tailored financing solutions that align with your business goals. At Michigan First, we're dedicated to helping our members navigate their financial journeys with confidence. If you're interested in learning more about our loan offerings or exploring refinancing options that may benefit you, please reach out to us at 248-395-4183 or visit us at 19200 Wyoming St Detroit MI 48221. 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 dreams!

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. Whether you're a first-time buyer or looking to refinance an existing mortgage, we have solutions tailored to your needs.

Personal Loans and Credit Cards

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 credit cards come with rewards and can be an excellent option for managing everyday expenses or unexpected costs. For those seeking personal loans or debt consolidation solutions, our offerings are designed to support your financial journey while providing competitive rates.

Loan Aggregator

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MICHIGAN FIRST CREDIT UNION - Detroit, MI