Preferred Credit Union Greenville MI | Affordable Auto Loans & Business Banking

Introduction

Welcome to Preferred Credit Union, your trusted financial partner since 1968. Located at 534 N Lafayette St, Greenville, MI 48838, we are proud to serve our community with dedication and care. With a total membership of over 24,000 individuals, we strive to foster a welcoming environment where your financial needs are our top priority. At Preferred Credit Union, we understand that every member's journey is unique. That's why we've built a comprehensive range of services tailored just for you. Whether you're looking for personal banking options like checking and savings accounts, vehicle financing, or even mortgage loans, our team is here to guide you every step of the way. Our robust total assets of $286,611,290 reflect our commitment to your financial growth and security. While members can visit us at our branch location, official correspondence should be sent to the same address: 534 N Lafayette, Greenville, MI 48838. We encourage you to reach out if you have any questions or need assistance; just give us a call at 616-754-7192. Under the leadership of CEO John Yeomans and Board President Russell Herman, we have cultivated a culture that prioritizes member satisfaction and community involvement. Our dedicated team of 77 employees works tirelessly to ensure that each interaction is personal and meaningful. With total deposits amounting to $26,196,315 and a net worth of $39,556,196, we have the resources needed to support our members' aspirations. Whether it's through providing essential loans over 15,922 loans and leases funded or offering competitive interest rates on savings products, we're here to empower you financially. So why wait? Visit us today at Preferred Credit Union in Greenville or check out our website at preferredcu.org for more information about how we can help you achieve your financial goals. Let's build a brighter financial future together!

Branch History & Mission

Community Commitment

We understand that financial literacy is key to empowerment. That's why we actively engage in community outreach programs aimed at educating members about budgeting, saving, and responsible borrowing. By partnering with local organizations, we strive to provide resources that help individuals make informed financial decisions. While you can visit us at our main location on N Lafayette St., please note that official correspondence should be sent to the same address for clarity. If you need assistance or have questions about your account or membership options, don't hesitate to reach out! You can contact us at (616) 754-7192 during our operating hours: Monday through Friday from 9:00 AM to 5:00 PM and Saturday from 9:00 AM to 12:00 PM (drive-thru only).

Join Us

If you're looking for a financial partner that genuinely cares about your success and well-being, look no further than Preferred Credit Union. We invite you to explore the benefits of membership and discover how we can support you on your path towards achieving your financial goals. Visit us online at preferredcu.org or start your membership journey today!

Our Journey

Since opening our doors in 1968, Preferred Credit Union has evolved significantly. We started as a small cooperative focused on providing accessible financial services to our local community. Over the years, we've embraced technological advancements and expanded our offerings to meet the changing needs of our members. Today, we proudly provide a range of services including personal banking accounts, auto loans, mortgages, and credit cards with rewards. Our branch is not just about numbers; it's about building relationships. We believe in the power of community engagement and have established partnerships that allow us to support local initiatives. Whether through sponsorships or volunteer efforts by our dedicated team members, we aim to make a positive impact in Greenville and beyond.

Our Mission

At Preferred Credit Union, our mission is clear: to empower our members through exceptional financial services while nurturing a sense of belonging within the community. We prioritize your financial health and are committed to providing personalized solutions that align with your goals. Our team works tirelessly to ensure you feel valued and supported at every stage of your financial journey. In addition to traditional banking services, we are proud to offer online and mobile banking options for convenience and accessibility. Our commitment to ADA compliance ensures that all members can easily access their accounts and utilize our services without barriers.

Branch Location & Accessibility

Welcome to Preferred Credit Union's Greenville branch, where we prioritize convenience and accessibility for all our members! Located at 534 N Lafayette St, Greenville, MI 48838, our branch is easy to find and offers a welcoming atmosphere for your banking needs. If you need to send us any official correspondence, feel free to use our mailing address at 534 N Lafayette, Greenville, MI 48838. You'll find us nestled close to local landmarks like the picturesque Baldwin Lake and just a short drive from the bustling downtown area. Whether you're visiting for personal banking or business services, you'll appreciate the ample parking available right outside our doors. Our facilities are designed with accessibility in mind, featuring ADA-compliant entrances and ramps to ensure everyone can access our services easily. At Preferred Credit Union, we understand that your time is valuable. That's why our operating hours are tailored to fit your busy schedule. We're open Monday through Friday from 9:00 AM to 5:00 PM and offer Saturday hours from 9:00 AM to 12:00 PM (drive-thru only). So whether you're stopping by during your lunch break or after work, we're here for you! While we don't have ATM services at this location, our drive-thru banking offers essential transactions such as deposits and withdrawals without having to leave your vehicle. Plus, as a shared service center, members of partner credit unions can also complete basic transactions here. If you have any questions or need assistance, don't hesitate to give us a call at 616-754-7192. We look forward to serving you soon at Preferred Credit Union in Greenville!

Member Eligibility

At Preferred, we believe that becoming a member means joining a warm and welcoming community where your financial well-being is our priority. If you're wondering how to become part of this supportive family, it's easier than you might think! To be eligible for membership, you simply need to live, work, worship, or attend school in the areas we serve. We're here for everyone who shares our community values. For more detailed information about eligibility requirements, feel free to check out our resource at https://preferredcu.org/preferred-banking/become-a-member/. Once you know you're eligible, opening an account is a breeze! You can start the process online by visiting https://loans.itsme247.com/204/home/start/. Our friendly staff is also ready to assist you with any questions at (616) 754-7192. We can't wait to welcome you to Preferred at 534 N Lafayette St, Greenville, MI 48838! Join us today and experience the benefits of being part of a credit union that truly cares about its members.

Business Banking & Commercial Services

Lending Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. Additionally, we also support the broader business community with $23 in non-member commercial loans, providing flexible financing solutions.

Merchant Services

Beyond lending, our merchant services offer practical benefits that simplify daily operations. Imagine streamlining transactions and managing sales effortlessly; our tools are designed for businesses of all sizes. With services tailored to meet your needs, you can focus on what you do best running your business. Whether you're looking to expand or enhance your existing operations, Preferred is here to provide the support you need. Contact us today at (616) 754-7192 to learn more about how we can assist your business journey!

Comprehensive List Of Services

ATM and Drive-Thru Services

While we do not have ATMs on site, our ATM & Cash Withdrawal Services ensure that accessing cash is still easy for you. Additionally, our Basic Drive-Thru Banking allows for quick deposits, withdrawals, and simple transactions without having to step inside the branch.

Business Banking Solutions

For our business members, we offer specialized Business Banking services, including merchant services and business loans designed to support your growth and success. Whether you're starting a new venture or expanding an existing one, we're here to assist with resources tailored just for businesses.

Convenient Digital Features

In today's fast-paced world, convenience matters more than ever. That's why we've made banking easier through our Online & Mobile Banking features. You can manage your accounts from anywhere, at any time. With options like e-statements and mobile payments, keeping track of your finances has never been simpler.

Personal Banking Services

We understand that every member has unique banking needs. That's why we offer Personal Banking options like checking and savings accounts that help you manage your finances easily. If you're looking to buy a car, our Auto Loans & Vehicle Financing options make it straightforward to get behind the wheel without breaking the bank. For those thinking about homeownership, our Mortgage Loans & Refinancing services provide competitive rates and flexible terms. Sometimes life throws unexpected expenses your way. Our Personal Loans & Debt Consolidation services can give you the financial relief you need, while our Credit Cards with Rewards allow you to earn as you spend on everyday purchases.

Shared Branch Transactions

If you're a member of another partner credit union, our Basic Shared Branch Transactions let you make deposits and withdrawals at our location too. This feature enhances accessibility and ensures that all members feel welcome and supported. With convenient hours from Monday through Friday 9:00 AM to 5:00 PM and Saturday 9:00 AM to 12:00 PM (drive-thru only), we're here when you need us most. If you're ready to experience these services firsthand or want more information about how we can assist with your financial needs, please call us at (616) 754-7192 or visit us online at Greenville. Your journey towards better banking starts here!

Digital & Online Banking

Always Accessible

With our 24/7 online banking services, you'll never miss a beat when it comes to your financial management. Whether it's day or night, you have real-time access to your accounts, ensuring you're always in control. From checking balances to transferring funds or accessing statements, everything is at your fingertips whenever you need it. In a world where convenience matters, Preferred is here to provide you with robust digital banking solutions that prioritize your needs while keeping security at the forefront. Join us today and experience the ease of managing your finances online!

Mobile Banking Features

For those on the go, our mobile application puts banking right in your pocket. Whether you're making mobile payments or sending money to friends and family through person-to-person transfers, everything is just a tap away. Our app is designed to be intuitive and secure so you can feel confident while managing your finances.

Online Banking Services

Explore our user-friendly online banking platform at https://preferredcu.org/. Here, you can easily check your account balances, transfer funds, and even manage e-statements. You can opt for e-statements, which help you stay organized while reducing paper clutter it's a win-win! Plus, with electronic signature authorization available, signing important documents is just a click away.

Financial Strength

A Growing Community

Total Share Accounts: 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. 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 534 N Lafayette St Greenville Mi 48838 or call (616) 754-7192 to learn more about how we can help you achieve your financial goals.

Commitment to Growth

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 members' financial goals across various sectors with $3,511 in used auto loans and $150,207,408 in total loans and leases.

Member-Centric 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.

Operational Efficiency

Our operational efficiency is reflected in our $907,680, 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.

Solid 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 13.80% 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 $49,069,334 in used vehicle loans and $8,727,860 in new vehicle loans already helping members get on the road. We provide flexible financing options for both new and used vehicles, ensuring that you can find a plan that fits your budget.

Credit Lines and Unsecured Loans

For those needing extra cash flow, our total credit lines amount to $34,000,000, offering flexibility when you need it most. Additionally, 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.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $9,591,299, make buying or refinancing simple. We aim to support you through every step of the process, whether you're purchasing your first home or looking to refinance an existing mortgage.

Why Choose Us?

Our dedicated team is here to guide you through each lending option available at our branch located at 534 N Lafayette St Greenville Mi 48838, Greenville, MI. You can reach us at (616) 754-7192 during our operating hours: 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. Whether you're considering refinancing or exploring eligibility options for any of our loan products, we're here to assist you every step of the way. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today or check out our website for more information on how we can help you secure the loan that meets your needs!

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PREFERRED CREDIT UNION - Greenville, MI

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