Michigan First Credit Union Grand Rapids MI | Affordable Vehicle Loans & Top Checking

Introduction

At Michigan First, located at 50 Louis St NW, Grand Rapids, MI 49503, we pride ourselves on being more than just a financial institution; we're a part of the community. Since our establishment in 1926, we have built strong relationships with our 165,037 members, providing them with personalized financial solutions tailored to their needs. With total assets exceeding $1.45 billion, we are committed to helping you achieve your financial goals, whether it's securing an auto loan or opening a new savings account. Our branch is led by CEO Jennifer Borowy and Board President Linda Height, who both share a passion for fostering a welcoming environment for our members. The dedicated team of 490 employees is here to ensure you receive the best service possible. While you can visit us at our main branch, please note that official correspondence should be sent to the same address. As a member-owned credit union, we prioritize your financial well-being. Our total deposits amount to $92,717,185, and we are proud to have granted over 91,153 loans to help our members navigate life's various challenges. Whether you're looking for competitive rates on loans or valuable savings options, Michigan First is here to support you every step of the way. We invite you to explore all that we offer from personal banking services like checking accounts and credit cards to business banking solutions tailored for local entrepreneurs. For any questions or assistance, feel free to give us a call at (616) 419-5801 or visit us online at michiganfirst.com. We look forward to serving you!

Branch History & Mission

At Michigan First, we take pride in our rich history and commitment to serving our community. Established in 1926, our branch has grown from a small local credit union into a trusted financial partner for over 165,000 members in Grand Rapids and beyond. Located at 50 Louis St NW, Grand Rapids, MI 49503, we are conveniently situated near the heart of the city, making it easy for members to access our services. Throughout the years, Michigan First has made significant strides in providing exceptional financial services while remaining deeply rooted in community support. Our mission is clear: to improve the financial well-being of our members by offering personalized banking solutions that empower them to achieve their goals. We believe that banking should be about more than just transactions; it should be about building relationships and fostering growth. As we look back at our journey, we celebrate key milestones such as reaching total assets of over $1.45 billion and successfully adapting to the changing needs of our members through innovative services like online and mobile banking. With a dedicated team of 490 employees, we strive to deliver an exceptional member experience every day. Our commitment extends beyond financial services. We actively engage with our community through partnerships and outreach initiatives aimed at promoting financial literacy and supporting local organizations. Whether it's hosting workshops or participating in community events, Michigan First is dedicated to making a positive impact in Grand Rapids. For those who may need assistance outside regular hours, we offer ATM availability to ensure you have access to your funds whenever you need them. Our lobby is open from Monday through Friday from 8:30 a.m. to 5:00 p.m., with extended hours on Fridays until 6:00 p.m. While members can visit us at 50 Louis St NW, official correspondence should be sent to the same address as our mailing address. We encourage everyone in Grand Rapids and surrounding areas to become part of the Michigan First family. Join us today and discover how we can help you reach your financial dreams! For any inquiries, feel free to call us at 616-419-5801 or visit our website at Michigan First.

Branch Location & Accessibility

Accessibility Features

At Michigan First, we prioritize accessibility for all our members. Our branch features ADA-compliant facilities and ramps to ensure everyone can easily enter and navigate our space. Plus, parking is readily available nearby so you can visit us without any hassle.

Connect With Us

If you have any questions or need assistance before your visit, feel free to give us a call at 616-419-5801. We invite you to stop by and discover how Michigan First can support your financial journey. We look forward to seeing you soon!

Operating Hours and Services

We're open Monday through Friday from 8:30 a.m. to 5:00 p.m., with extended hours until 6 p.m. on Fridays. Our staff is dedicated to providing top-notch service during these hours, ready to help you with everything from checking accounts and savings options to auto loans and credit cards with rewards. For added convenience, we also offer ATM services right at our branch. While we don't currently have drive-thru banking available at this location, our team is always prepared to assist you inside the branch.

Member Eligibility

Joining the Michigan First community is like becoming part of a family that truly cares about your financial well-being. To become a member, you'll need to meet some simple eligibility requirements, which generally include living, working, or attending school in the area. We strive to welcome as many people as possible into our fold, so if you're curious whether you qualify. Not only will you gain access to a variety of financial services tailored just for you, but you'll also enjoy benefits like competitive rates on loans and personalized customer service that feels more like a conversation with a friend than a transaction. Opening an account with us is straightforward and welcoming! You can reach out anytime at (616) 419-5801 for assistance or visit us at our convenient location: 50 Louis St Nw Grand Rapids Mi 49503. Our friendly staff is here to guide you through every step of the process. So why wait? Become part of the Michigan First family today! For more information on how to start your membership journey, don't hesitate to look up the account opening details.

Business Banking & Commercial Services

Loan Options 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 That Make Transactions Easy

In addition to loans, we offer robust merchant services designed to simplify your payment processes. Whether you're a retail store or an online service, our tools help you accept payments quickly and securely. Imagine the convenience of mobile payment options that allow customers to pay from anywhere, enhancing their shopping experience while boosting your sales. Located at 50 Louis St Nw Grand Rapids Mi 49503 in Grand Rapids, MI, we're here to help your business flourish. Contact us today at (616) 419-5801 or visit our website at http://www.michiganfirst.com for more information on how we can support your financial needs.

Comprehensive List Of Services

Business Banking Solutions

For our business members, Michigan First offers tailored banking solutions like merchant services and business loans. We understand that running a business comes with its challenges, so we're here to support you with the right tools and resources to thrive.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking services that allow you to manage your finances from anywhere at any time. Our platform supports features such as mobile payments and person-to-person transfers for easy transactions with friends and family. Plus, with ATM access available at various locations, you can withdraw cash or check your balance without hassle.

Get in Touch

We invite you to experience all that Michigan First has to offer. For more information about our services or to speak with one of our team members, please call us at 616-419-5801. We're here Monday through Friday from 8:30 AM to 5:00 PM (and until 6:00 PM on Fridays) ready to assist you on your financial journey. Visit us today and discover how we can help you achieve your financial goals!

Personal Banking Services

When it comes to personal banking, we understand that every member has unique goals. That's why we offer checking and savings accounts designed to fit your lifestyle. Whether you're saving for a vacation or managing day-to-day expenses, our accounts come with features that make banking easy and convenient. If you're thinking about purchasing a new car, our auto loans and vehicle financing options provide flexible terms and competitive rates. We also offer mortgage loans and refinancing opportunities to help you secure the home of your dreams or lower your monthly payments. For those looking to consolidate debt or cover unexpected expenses, our personal loans are a great solution. Plus, with our credit cards that come with rewards, you can earn points for everyday purchases while enjoying the benefits of responsible spending.

Digital & Online Banking

Key Services

Our online banking platform at http://www.michiganfirst.com provides 24/7 access to your accounts, allowing you to check balances, transfer funds, and pay bills whenever it suits you. Plus, with our mobile application available for download, banking on the go has never been simpler. You can enjoy features like person-to-person transfers to send money to friends and family instantly.

Mobile Payments

For those who prefer using their smartphones for everyday purchases, our mobile payments feature allows you to make transactions quickly and securely. Whether you're at the store or dining out, simply use your phone to pay effortlessly. At Michigan First, we believe that managing your finances should be straightforward and stress-free. With our comprehensive digital banking services, you have everything you need right at your fingertips! Explore more about what we offer by visiting http://www.michiganfirst.com today!

Security and Ease of Use

Your security is our priority. While we don't currently offer electronic signature authorization, we ensure that all transactions made through our platform are protected with advanced security measures. You can also choose to receive e-statements, which not only help you stay organized but also contribute to a more eco-friendly approach by reducing paper waste.

Financial Strength

At Michigan First, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that you want a credit union that you can trust, and we're proud to share our financial strength with you. 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. 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. 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 with $6,460 in used auto loans and an impressive $1,047,613,488 in total loans and leases. Our operational efficiency is highlighted by our net income of $13,071,474, which enables 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 and committed team. Our net shares available for lending stand at $2,206,793, reflecting our commitment to providing accessible financial resources. Additionally, we have achieved a robust total of 278,173 share accounts, showing a strong and growing member base that trusts us with their finances. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. 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 50 Louis St NW Grand Rapids MI 49503 or call 616-419-5801 to learn more about how we can help you achieve your financial goals.

Loan Offering

Additional Financing Options

For those looking for more variety in their borrowing options, we provide extensive credit lines totaling $622,143,331. This gives you the flexibility to access funds as needed for various expenses without having to take out separate loans. If you're considering refinancing any existing loans or want to explore eligibility options for our products, don't hesitate to reach out! Our friendly staff can assist you with any questions regarding the best solutions for your financial situation. For more information on our loan offerings or to speak with one of our representatives directly, please contact us at (616) 419-5801 or visit us at 50 Louis St NW Grand Rapids MI 49503. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to helping you secure the financing you need!

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 brand-new model or a reliable used vehicle, we have options tailored for you.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $117,086,782, providing flexible terms to meet your needs. Whether it's your first home or an investment property, our team is here to guide you through the process.

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 come with competitive rates and rewards that make everyday spending easier.

Loan Aggregator

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MICHIGAN FIRST CREDIT UNION - Grand Rapids, MI

Type of Loan Offerings

Vehicle Loans

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