Michigan First Credit Union Lathrup Village MI | Affordable Auto Loans & Business Banking

Introduction

Welcome to Michigan First, located at 27000 Evergreen Rd, Lathrup Village, MI 48076. Since our establishment in 1926, we've been dedicated to serving our community with a strong commitment to trust and reliability. With over 165,000 members, we pride ourselves on providing personalized banking solutions that cater to the diverse needs of our members. At Michigan First, we believe in empowering our members through financial education and support. Our total assets exceed an impressive $1.45 billion, showcasing our stability and strength as a credit union. We currently manage approximately $92.7 million in deposits, which reflects the trust our members place in us. Our loans and leases amount to a substantial 91,153, indicating our active role in helping individuals achieve their financial goals. Our leadership team is led by CEO Jennifer Borowy and Board President Linda Height, who together foster a welcoming environment where every member's voice is heard. With a dedicated staff of 490 employees, we're here to ensure you receive top-notch service, whether you're looking for personal banking solutions or business services. For your convenience, while members can visit us at the branch for all their banking needs, official correspondence should be sent to the same address: 27000 Evergreen Road, Lathrup Village, MI 48076. We invite you to explore our comprehensive range of services from checking and savings accounts to auto loans and mortgages designed to help you navigate your financial journey smoothly. Connect with us today by calling 248-443-4600, or visit our website at michiganfirst.com for more information. Join us at Michigan First where your financial success is our top priority!

Branch History & Mission

Community Engagement

Michigan First isn't just about finances; it's about building relationships within our community. We actively engage in partnerships with local organizations and participate in outreach efforts aimed at improving the lives of those around us. This commitment extends beyond banking as we strive to foster a sense of belonging among all members. We also focus on digital advancements that make banking easier while ensuring accessibility for everyone, including ADA compliance initiatives that allow all individuals equal access to our services. We invite you to join us at Michigan First! Experience firsthand the benefits of being part of a community-focused credit union where your financial well-being is our top priority. For more information or to become a member today, please contact us at 248-443-4600 or visit our website at michiganfirst.com. Let's build a brighter financial future together!

Our Mission

Our mission at Michigan First is clear: we aim to empower our members through exceptional financial services while actively supporting our local communities. We believe in making banking easy and accessible for everyone. Whether you're opening a checking account, applying for an auto loan, or seeking business financing, we are here to guide you every step of the way. While members can visit us at 27000 Evergreen Rd, official correspondence should be sent to 27000 Evergreen Road, Lathrup Village, MI 48076 if different from the branch address. We offer a range of services including online and mobile banking for your convenience. Our dedicated staff is available during lobby hours Monday through Thursday from 8:30 a.m. to 5:00 p.m. and on Friday until 6:00 p.m. Additionally, with ATM availability and drive-thru banking options, we ensure that accessing your funds is always straightforward.

Branch Location & Accessibility

Welcome to Michigan First, your friendly neighborhood credit union located at 27000 Evergreen Rd in Lathrup Village, MI. We're proud to be part of the vibrant community in Oakland County, making it easy for you to access all your banking needs. Just a stone's throw away from local landmarks, our branch offers a convenient spot where you can manage your finances with ease. At our Evergreen Branch, we prioritize accessibility for all members. You'll find plenty of parking available right outside our doors, along with features that comply with ADA standards, ensuring everyone can visit us comfortably. If you prefer banking from your car, take advantage of our drive-thru service for quick deposits and withdrawals without leaving your vehicle. We understand that life can get busy, which is why our operating hours are designed to fit your schedule. Visit us Monday through Thursday from 8:30 a.m. to 5:00 p.m., or stop by on Friday when we're open until 6:00 p.m. Whether you're looking to open an account, apply for a loan, or just have a chat with one of our friendly staff members, we're here for you. For those who prefer digital transactions, we also offer ATM services on-site. You can easily withdraw cash or check your balance at any time. Our personal banking services include checking and savings accounts, auto loans, mortgage options, credit cards with rewards, and more all designed to help you achieve your financial goals. While members can visit us at 27000 Evergreen Rd, official correspondence should be sent to our mailing address at the same location. Should you have any questions or need assistance before stopping by, feel free to give us a call at 248-443-4600. We invite you to come by and experience the exceptional service Michigan First has to offer! Your financial journey starts here let's make it a great one together!

Member Eligibility

At Michigan First, we believe that everyone deserves the opportunity to thrive, and becoming a member is your first step into our welcoming community. If you live, work, worship, or attend school in the areas served by our branch at 27000 Evergreen Rd Lathrup Village Mi 48076, you're likely eligible to join us. We pride ourselves on making membership accessible, so whether you're seeking personal banking services, loans, or just a supportive financial partner, you're in the right place. To learn more about the specific eligibility criteria, feel free to visit this page. Joining is simple! Once you confirm your eligibility, opening an account with us is a breeze. Our friendly team is here to guide you through every step of the process. If you have any questions or need assistance, don't hesitate to reach out at (248) 443-4600. We're excited to welcome you into the Michigan First family!

Business Banking & Commercial Services

Merchant Services That Work for You

In addition to loans, we offer merchant services that simplify payment processing. Imagine a busy café bustling with customers; our solutions make it easy for them to pay quickly and securely. This means less waiting time and happier customers, giving you more opportunities to focus on what you do best running your business. Located at 27000 Evergreen Rd Lathrup Village Mi 48076 in Lathrup Village, MI, we're here to partner with you on your path to success. Call us at (248) 443-4600 or visit us online at http://www.michiganfirst.com to learn more about how we can assist you in achieving your business goals.

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

Business Banking Services

For our business members, we understand the importance of reliable banking solutions. We offer business banking services, including merchant services that help streamline transactions for your customers and business loans designed to support your growth ambitions.

Convenient Digital Banking

To make managing your finances even easier, we have invested in robust online and mobile banking features. With these tools at your fingertips, you can check balances, transfer funds, and pay bills anytime right from your smartphone or computer. Plus, with access to our ATMs for cash withdrawals and basic drive-thru services for deposits or simple transactions, banking has never been more accessible. At Michigan First, we pride ourselves on being more than just a financial institution; we're part of the community. We invite you to visit us at 27000 Evergreen Rd in Lathrup Village or call us at 248-443-4600 to learn more about how we can assist you with all your banking needs. Join us today and experience the difference that comes with being a member of Michigan First!

Credit Cards and Rewards

Don't forget about our credit cards with rewards, which allow you to earn points on every purchase. Whether it's everyday expenses or special treats, using our credit card can be rewarding in more ways than one.

Personal Banking Solutions

We offer various personal banking services tailored to fit your lifestyle. If you're looking for a way to manage your daily finances, consider opening one of our checking or savings accounts. They come with features that help you keep track of your spending and savings goals. For those dreaming of owning a new car, our auto loans and vehicle financing options can make that dream a reality. Imagine driving off in the car you've always wanted while knowing you got a great deal with competitive rates. In addition, if you're considering buying a home or refinancing an existing mortgage, we provide comprehensive mortgage loans and refinancing options. Our mortgage specialists will guide you through every step of the process, ensuring you find the best solution for your situation. And when life throws unexpected expenses your way, our personal loans and debt consolidation services can help ease financial stress.

Digital & Online Banking

Key Features

Enjoy the freedom of 24/7 access to your accounts with our online banking services. Whether you're checking your balance, paying bills, or transferring funds, everything is just a click away. Our platform is designed to be user-friendly, ensuring you can navigate easily without any hassle. For those on the go, our mobile application offers similar functionality right in the palm of your hand. You can make mobile payments effortlessly and send money to friends or family through our person-to-person transfer feature. No need for cash or checks just a few taps on your phone and you're done! Security is always a top priority at Michigan First. While we do not currently support electronic signature authorization for certain transactions, rest assured that all your data is protected with advanced security measures, giving you peace of mind as you bank online. Additionally, we offer e-statements so you can keep track of your finances without the clutter of paper statements. Accessing your financial information has never been easier or more environmentally friendly! With all these features combined, managing your money has never felt so simple. Join us at Michigan First today and experience the convenience of digital banking firsthand!

Financial Strength

A Solid 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.

Member-Centric 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 commitment to operational efficiency is reflected in our $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 employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for 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; we currently have $6,460 in used auto loans and $1,047,613,488 in total loans and leases to support your financial goals across various sectors.

Trust Built on Experience

Our net shares amount to $2,206,793, which shows the funds available for lending and investments. With a total of 278,173 share and deposit accounts, we have a strong and growing member base that trusts us with their finances. 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 27000 Evergreen Rd Lathrup Village Mi 48076 or call (248) 443-4600 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We currently have $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 eyeing a brand-new model or a reliable pre-owned option, we make financing straightforward and affordable.

Business Loans

For business owners, our outstanding commercial loans totaling $32,803,638 provide the capital needed to grow and expand. We know that businesses require solid support for success; hence we tailor our offerings based on specific needs. If you're interested in refinancing options or want to explore eligibility requirements for any of these products, please feel free to reach out. You can contact us at (248) 443-4600 or visit our website at michiganfirst.com. 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 assisting you with all your loan needs!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $117,086,782, making buying or refinancing simple. We aim to guide you through the process every step of the way so that you can settle into your dream home without unnecessary stress.

Unsecured 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 cards provide an easy way to handle day-to-day expenses while building credit.

Loan Aggregator

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Michigan First