Peninsula Credit Union Escanaba MI | Affordable Auto Loans & Business Banking

Introduction

At Peninsula Credit Union, we believe that strong communities are built on trust and support. Located at 7126 Co 426 Rd, Escanaba, MI 49829, our branch has been serving members since 1941. With a commitment to providing personalized financial solutions, we have grown to serve over 15,465 members and manage total assets of $325,566,226. Our dedicated team of 74 employees, led by CEO James Veneskey and Board President Betty Trudell, is here to assist you with your banking needs. Whether you're looking for a checking account, an auto loan, or business services, we've got you covered. Our total deposits amount to $15,470,503, reflecting the trust our members place in us. While members can visit us at our branch for face-to-face service, official correspondence should be sent to our mailing address at 2929 3rd Ave N, Escanaba, MI 49829-4203. We're proud to offer convenient services including online banking and mobile payments so you can manage your finances on the go. We invite you to explore all that Peninsula Credit Union has to offer. From personal loans to credit cards with rewards, we are here to help you achieve your financial goals. Feel free to give us a call at 906-786-2732 or visit our website at peninsulafcu.com for more information. Join us today and experience the difference of being part of a community-focused credit union!

Branch History & Mission

Join Us Today!

As we look towards the future, we invite you to become part of the Peninsula Credit Union family. Experience firsthand how our dedication to community support and member satisfaction sets us apart. Visit us at 7126 Co 426 Rd in Escanaba or contact us at 906-786-2732 for any questions. Together, let's build a brighter financial future!

Modern Banking with a Personal Touch

While our roots run deep, we embrace modern advancements that enhance your banking experience. Our commitment to digital accessibility ensures that you can manage your finances anytime and anywhere through online banking and mobile payment options. We're proud to offer ADA-compliant services that cater to all our members' needs. For those who prefer face-to-face interactions, our drive-thru service and lobby hours from 8:30 a.m. to 5:00 p.m., Monday through Friday provide convenient access for transactions and inquiries. Plus, with ATM availability right at our branch, withdrawing cash or checking balances is quick and hassle-free.

Our Mission

At Peninsula Credit Union, our mission is clear: we are dedicated to enhancing the lives of our members through quality financial products and exceptional service. We believe that everyone deserves access to reliable banking solutions that foster financial wellness. Whether it's personal banking, auto loans, or business services, we are here to support you every step of the way. We understand that being part of a community means more than just providing financial services; it means giving back. That's why we actively engage in outreach programs and partnerships designed to uplift those around us. From supporting local schools to participating in charitable events, we strive to make a positive impact on the lives of our members and neighbors.

Branch Location & Accessibility

Get in Touch

While members can visit us at 7126 Co 426 Rd, official correspondence should be sent to our mailing address at 2929 3rd Ave N, Escanaba, MI 49829-4203. If you have any questions or want more information about our services, feel free to give us a call at 906-786-2732. We invite you to stop by Peninsula's Mill Location today your trusted partner in personal and business banking!

Nearby Landmarks & Accessibility Features

Located just a short drive from popular local spots like the beautiful Escanaba River and the vibrant downtown area, our branch is well-placed for both residents and visitors. Parking is readily available, and we ensure that everyone can access our services easily with ADA-compliant features, including ramps for those who need assistance.

Operating Hours & Services

At Peninsula, we understand that life gets busy, which is why we offer flexible hours to fit your schedule. Our lobby is open from 8:30 a.m. to 5:00 p.m., Monday through Friday. Whether you're looking to open an account, apply for an auto loan, or manage your existing finances, our team is here to help. You can also enjoy the convenience of our drive-thru service for quick transactions like deposits and withdrawals. Plus, with ATM availability on-site, cash withdrawal is just a step away!

Member Eligibility

At Peninsula, we believe in building a welcoming community where every member feels valued and supported. Joining us is simple! If you live, work, or worship in the Escanaba area or have family members who are already part of our credit union, you're likely eligible to become a member. This means you can enjoy all the benefits we offer, from competitive loan rates to personalized banking services tailored just for you. For full details on eligibility, please check out our dedicated page at https://www.peninsulafcu.com/membership . Once you're ready to take the next step toward membership, opening an account is easy. Simply visit our website at https://www.peninsulafcu.com/application or give us a call at (906) 786-2732 if you have any questions. We're here to help you navigate the process and ensure your transition into our financial family is as smooth as possible. Welcome aboard!

Business Banking & Commercial Services

Loan Options for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $14 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $1 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $1,898,246, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Matter

Imagine being able to process payments seamlessly while also offering your customers various payment options. Our merchant services simplify transactions so you can focus on what matters most growing your business. From point-of-sale systems to online payment processing, we've got you covered. Located at 7126 Co 426 Rd Escanaba Mi 49829 in Escanaba, MI, our team is ready to help you navigate your financial journey. Call us at (906) 786-2732 or visit our website here to learn more about how we can assist you in achieving your business goals!

Comprehensive List Of Services

Business Banking Support

For our business members, we offer a range of banking solutions designed to help you thrive. From merchant services that simplify transactions to business loans that fuel growth, Peninsula is here for every step of your journey in the business world.

Drive-Thru Convenience

Sometimes, all you need is quick service without leaving your vehicle. Our basic drive-thru banking offers deposits, withdrawals, and simple transactions at your convenience perfect for busy days when time is of the essence. At Peninsula, we're more than just a financial institution; we're part of the community. Our commitment is to serve you with integrity and respect while providing the tools necessary for financial well-being. If you're ready to explore how we can meet your financial needs or if you have any questions about our services, don't hesitate to reach out! Call us at (906) 786-2732 or visit us at 7126 Co 426 Rd Escanaba Mi 49829 during our operating hours from 8:30 a.m. to 5:00 p.m., Monday through Friday. We look forward to serving you!

Embracing Digital Banking

In today's fast-paced world, convenience is key. That's why we've invested in robust online and mobile banking features. With just a few taps on your smartphone, you can check your balance, transfer funds, or pay bills from anywhere. Our ATM and cash withdrawal services ensure you have access to your money when you need it most.

Flexible Financial Solutions

Life can throw unexpected expenses your way, and that's where our personal loans and debt consolidation services come into play. We offer flexible terms to help you manage those financial bumps with ease. And for those who enjoy rewards, our credit cards provide not just purchasing power but also perks that enhance your spending experience.

Personal Banking Made Easy

Our personal banking options are tailored to fit your lifestyle. Whether you're looking for checking and savings accounts, or need help with auto loans and vehicle financing, we've got you covered. Imagine driving off in a new car, knowing you secured an auto loan that fits your budget perfectly. Plus, if you're considering buying a home, our mortgage loans and refinancing options make the process straightforward and accessible.

Digital & Online Banking

Key Services

Our online banking system offers 24/7 access, allowing you to check balances, make transfers, and pay bills without stepping foot in a branch. Need to send money quickly? Our person-to-person transfer feature makes it simple to send funds to friends or family with just a few clicks. If you prefer managing your accounts on the go, our mobile application is here for you! The app provides all the functionalities you need right at your fingertips, from checking account balances to making deposits. Plus, if you're into mobile payments, we've got you covered our platform supports mobile payments so you can shop with ease.

Security and Convenience

Security is a top priority at Peninsula. We utilize electronic signature authorization for added protection when signing documents digitally. Additionally, e-statements are available, providing a paperless option that helps keep your information secure while being environmentally friendly. Our user-friendly tools ensure that whether you're at home or out running errands, you have complete control over your finances. Managing your money has never been easier or more secure! Experience the convenience of digital banking with us today! Visit https://www.peninsulafcu.com/ to learn more about how our services can help simplify your financial life.

Financial Strength

Building Trust with Our Members

Total Share and Deposit Accounts: 42,491, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $359,856. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Peninsula is your trusted partner. Visit us at 7126 Co 426 Rd Escanaba Mi 49829 or call (906) 786-2732 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

With $26,897,586 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment is reflected in our lending capacity; we have $3,749 in used auto loans and $261,222,665 in total loans and leases that support members' financial goals across various sectors.

Operational Efficiency

Our $465,601 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 67 full-time employees and 7 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Opportunities

Members' savings are secured through $99,083,885 in share certificates and $19,720,995 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $27,345,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $27,843,940, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $854 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 $52,444,880 in used vehicle loans and $5,631,570 in new vehicle loans already helping members get on the road. We offer financing options for both new and used vehicles, ensuring you find the right fit for your budget. Plus, refinancing options are available if you want to lower your current monthly payments.

Business Loans

For business owners, our outstanding commercial loans totaling $1,898,246 provide the capital needed to grow and expand. We understand the unique challenges faced by businesses today and are committed to supporting local entrepreneurs with tailored lending solutions.

Conclusion

Whether it's an auto loan for that perfect vehicle or a mortgage for your dream home, Peninsula Credit Union is here to help. Our commitment is reflected in our comprehensive range of loan products designed just for you. For more information or to discuss eligibility options further, feel free to call us at 906-786-2732 or visit us online at Peninsula Credit Union. 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 partner with you on your financial journey!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide loans for Junior Lien 1-4 Family Residential Properties totaling $2,417,754. Our team is here to guide you through the process, making it easier than ever to secure a mortgage that works for you.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $11,934,258 in loans helping members manage their finances effectively, our credit card options come with various rewards and benefits tailored to suit your lifestyle.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency in what is available to you. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results, so you can trust that you're seeing the best options. - Real-Time Rate Comparisons: With up-to-date loan rates from multiple institutions, LendMesh empowers you to make informed decisions about your borrowing options. Thousands of users trust LendMesh for loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This feedback highlights how effective and reliable the platform can be in helping individuals save money. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

How LendMesh Ensures 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 ensures that the offers you see are fair and transparent, making it easier for you to compare and choose the right loan for your needs.

PENINSULA FEDERAL CREDIT UNION - Escanaba, MI