Preferred Credit Union Grand Rapids MI | Best Auto Loans & Personal Banking

Introduction

Welcome to Preferred Credit Union, where our commitment to serving the Grand Rapids community has been unwavering since we first opened our doors in 1968. Located at 3767 Sparks Dr SE, Grand Rapids, MI 49546, we pride ourselves on being more than just a financial institution; we are your trusted partner in achieving financial wellness. With over 24,000 members and total assets of $286,611,290, we work diligently to provide personalized service that meets the unique needs of each member. At Preferred Credit Union, our philosophy centers around community impact and member satisfaction. We understand that financial decisions can be overwhelming, which is why our dedicated team led by CEO John Yeomans and Board President Russell Herman is here to guide you every step of the way. Whether you're looking for auto loans, mortgage options, or simple savings accounts, we've got you covered with a diverse range of services tailored just for you. Our branch is equipped with essential resources, including online banking options and an ATM for your convenience. While members can visit us at our main branch location, official correspondence should be sent to the same address as it serves both as our physical and mailing address. With total deposits reaching $26,196,315 and a net worth of $39,556,196, we're not just focused on growth; we're committed to ensuring that our members feel secure and valued. Our friendly staff is always ready to assist you with any inquiries or services you may need. Feel free to reach out to us at 800-328-4131 or explore our website at preferredcu.org for more information about how we can help you achieve your financial goals. Join us today and experience firsthand how being a part of Preferred Credit Union can make a difference in your life!

Branch History & Mission

At Preferred, our story is one of dedication and community spirit that began in 1968. From our humble beginnings, we have grown into a trusted financial partner for over 24,000 members in Grand Rapids, MI. Our branch, located at 3767 Sparks Dr SE, is not just a place to manage your finances; it's a hub where individuals and families come together to achieve their dreams. Throughout the years, we've made it our mission to provide accessible financial services while fostering a sense of belonging among our members. We are proud to offer personal banking solutions, auto loans, mortgage financing, and credit cards that reward you for your loyalty. Each service is designed with our members' needs in mind, ensuring everyone has the tools necessary to thrive financially. As we evolved, so did our commitment to the community. We engage in outreach programs that support local initiatives and empower those around us. Our partnerships with various organizations reflect our belief that by lifting each other up, we can create a stronger community for all. While you can visit us at our branch location on Sparks Drive, official correspondence should be sent to the same address as we maintain our mailing address there too. Our operating hours are convenient for busy schedules: Monday through Friday from 9:00 AM to 5:00 PM and Saturday from 9:00 AM to 12:00 PM for drive-thru services only. We also offer ATM availability for quick transactions. With total assets amounting to over $286 million and ongoing digital advancements like online banking and mobile payments, we are committed to making your banking experience as smooth as possible. ADA compliance ensures accessibility for all members of the community. Join us at Preferred Credit Union and become part of a family that values not just your finances but also your well-being. Together, let's build a brighter future! For more information or to start your membership journey today, please call us at 800-328-4131 or visit our website.

Branch Location & Accessibility

Convenient Access

At our Grand Rapids branch, we prioritize your convenience. The location features ample parking, making it easy for you to stop by and take care of your banking. For those who require special accommodations, our facility is ADA compliant, ensuring everyone can access our services without hassle.

Get In Touch

We're excited to serve you! If you have any questions or need assistance, don't hesitate to call us at 800-328-4131. Come visit us today at Preferred Credit Union in Grand Rapids where your financial journey meets community support!

Operating Hours & Services

We're here for you during convenient hours: Monday through Friday from 9:00 AM to 5:00 PM, and on Saturdays, our drive-thru is open from 9:00 AM to 12:00 PM. Whether you need to make a deposit or inquire about our various services such as personal banking options, auto loans, mortgages, and more our team is ready to assist you with a smile. In addition to our full-service lobby, we also offer ATM availability for quick cash withdrawals and balance checks. If you're looking for drive-thru banking, we've got that covered too! It's perfect for those simple transactions when you're on the go.

Shared Services

We understand the importance of flexibility in banking. Our shared service center allows members from partner credit unions to access their accounts here as well. This feature broadens your banking options and makes it easier than ever to manage your finances. While members can visit us at 3767 Sparks Dr SE, official correspondence should be sent to the same address for your convenience.

Member Eligibility

At Preferred, we believe that everyone deserves a supportive financial community, and becoming a member is your first step towards enjoying exclusive benefits tailored just for you. Membership is open to anyone who lives, works, worships, or attends school in the area surrounding our branch at 3767 Sparks Dr Se Grand Rapids Mi 49546. Whether you're looking for personal banking solutions or a place to grow your savings, our friendly team is here to guide you through the process. To learn more about the specific eligibility criteria, feel free to visit our website at https://preferredcu.org/preferred-banking/become-a-member/ . Joining us is simple! Once you see that you meet the requirements, opening an account is just a click away. We've made it easy for you to start your journey with us just head over to https://loans.itsme247.com/204/home/start/ to get started. If you have any questions or need assistance, don't hesitate to reach out at (800) 328-4131. We're excited to welcome you into the Preferred family!

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 also support the broader business community with $23 in non-member commercial loans, providing flexible financing solutions. Imagine having access to funds that can help you expand your operations or invest in new technology. Whether you're looking to purchase equipment or cover operational costs, our team is here to guide you through the loan process, ensuring you find the right fit for your needs.

Merchant Services That Make a Difference

In addition to loans, we offer merchant services that simplify transactions and enhance customer experiences. Picture this: your customers seamlessly paying via various methods while you focus on what matters most growing your business. With features like mobile payments and online banking, managing your finances has never been easier. Let Preferred be your partner in navigating the financial landscape of business ownership. Reach out today at (800) 328-4131 to learn more about how we can help you succeed!

Comprehensive List Of Services

Business Banking

For business owners, we offer tailored solutions that cater to your unique challenges. Our merchant services ensure that your transactions are smooth and efficient, while our business loans provide the necessary funding to help you grow.

Call Us Today!

With all these services available at Preferred in Grand Rapids, we're here to support your financial journey every step of the way. If you're ready to learn more about how we can assist you or if you have any questions about our offerings, don't hesitate to reach out! Call us at 800-328-4131 or visit us at preferredcu.org. We look forward to helping you with all your banking needs!

Digital Banking

In today's fast-paced world, convenience matters. That's why we emphasize our robust online and mobile banking features. You can manage your accounts anytime from anywhere whether you're checking balances or making transfers on the go. We also offer ATM and cash withdrawal services, ensuring that you have access to your funds when you need them most.

Drive-Thru & Shared Services

Need quick assistance? Our basic drive-thru banking allows for easy deposits, withdrawals, and simple transactions without leaving your car. Additionally, as part of our commitment to community collaboration, we support basic shared branch transactions so members from partner credit unions can also access their funds conveniently.

Personal Banking

Our personal banking services are designed with your daily needs in mind. With options like checking and savings accounts, we help you manage your finances easily. For those considering a new vehicle or needing to upgrade, our auto loans and vehicle financing can get you on the road without breaking the bank. Perhaps you're thinking about purchasing a home? Our mortgage loans and refinancing solutions make it simpler than ever to secure the right loan for your dream house. If you're facing unexpected expenses or want to consolidate debt, our personal loans and debt consolidation services can provide the relief you need. Plus, enjoy flexibility with our credit cards with rewards that offer benefits every time you shop.

Digital & Online Banking

Key Features

Imagine being able to check your balance, pay bills, or transfer money all from the comfort of your home or on the go. Our online banking platform allows you to do just that. With features like e-statements, you can access your financial statements quickly and securely no more waiting for paper copies to arrive in the mail! Plus, with electronic signature authorization, signing important documents is a breeze. You can complete transactions without the hassle of printing and mailing forms. If you're always on the move, our mobile application is designed for you. It's user-friendly and packed with tools that let you manage your accounts right from your smartphone. Whether it's making person-to-person transfers or setting up mobile payments, everything is just a tap away.

Security and Accessibility

Your security is our top priority. Our digital services are protected with robust security measures to ensure that your personal information remains safe. We believe that convenience shouldn't come at the expense of safety. With our online banking services, you have real-time access to your account information, so you can stay informed about your finances whenever it suits you. Need to make an urgent payment? No problem! You can handle it all through our platform without stepping foot outside. In summary, whether you're using our online banking at https://preferredcu.org/ or accessing our mobile application, Preferred makes managing your money easy and secure. We're here to support your financial journey every step of the way!

Financial Strength

Growing Together

Total Share and Deposit Accounts stand at 60,161, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $6,269,696 reflects our commitment to supporting your financial future. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Preferred is your trusted partner. Visit us at 3767 Sparks Dr Se Grand Rapids Mi 49546 or call (800) 328-4131 to learn more about how we can help you achieve your financial goals.

Investment in Your Future

With $34,895,089 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 $3,511 in used auto loans and $150,207,408 in total loans and leases. Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 77 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Member Savings

Members' savings are secured through $59,833,293 in share certificates and $47,732,853 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $6,113,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Our Financial Health

With a net worth of $39,556,196, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,380 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

Additional Financing Solutions

For those looking for more than just traditional loans, we provide total credit lines amounting to $34,000,000, allowing you access to funds when you need them most. This option is perfect for personal projects or unexpected expenses. If you're interested in any of our loan products or would like to know more about refinancing options and eligibility requirements, don't hesitate to reach out. You can contact us at 800-328-4131 during our operating hours from 9:00 AM to 5:00 PM Monday through Friday and 9:00 AM to 12:00 PM on Saturdays (drive-thru only). 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 borrowing needs!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $49,069,334 in used vehicle loans and $8,727,860 in new vehicle loans already helping members get on the road. We make it easy to drive off with your desired vehicle while providing flexible terms to suit your budget.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $11,582,062 in loans helping members manage their finances effectively. These cards come with competitive rates and rewards that can enhance your purchasing power while keeping your spending in check.

Mortgage Options

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $9,591,299, making buying or refinancing simple. Whether you're purchasing your first home or looking to refinance an existing mortgage for better rates, our team is here to guide you through each step of the process.

Loan Aggregator

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Ensuring 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 approach guarantees that users receive fair and transparent offers. The information provided is not only current but also reliable, allowing users to trust the comparisons they see.

Take Action Today

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.

PREFERRED CREDIT UNION