Preferred Credit Union Kalamazoo MI | Low Mortgage Rates & Auto Loans

Introduction

At Preferred Credit Union, we believe in building strong relationships with our members and the community. Established in 1968, our Kalamazoo branch, located at 4245 S Westnedge Ave, Kalamazoo, MI 49008, has been a trusted financial partner for over five decades. With a dedicated team of 77 employees, led by our CEO John Yeomans and Board President Russell Herman, we strive to provide personalized service that meets your unique financial needs. Currently serving over 24,000 members, our commitment to your financial well-being is evident in our robust offerings. We proudly manage total assets of $286,611,290 and total deposits amounting to $26,196,315. Our focus on creating value for members is reflected in our diverse range of services including personal and business banking solutions, auto loans, mortgages, credit cards with rewards, and convenient online banking options. Whether you're looking to purchase a new vehicle or save for future goals, we're here to help you every step of the way. While you can visit us at our branch location for all your banking needs, any official correspondence should be sent to our mailing address: 4245 S Westnedge, Kalamazoo, MI 49008-3207. At Preferred Credit Union, we not only prioritize your financial security but also foster community growth through responsible lending and support. With a net worth of $39,556,196 and cash in hand amounting to $2,634,298, we are well-positioned to assist you in achieving your dreams. Ready to take control of your finances? Call us at (269) 382-3206 or visit our website at preferredcu.org to explore all that we have to offer. Join us today and experience the difference of being a member!

Branch History & Mission

At Preferred Credit Union, located at 4245 S Westnedge Ave, Kalamazoo, MI 49008, we proudly carry a legacy that began in 1968. Over the years, our credit union has grown significantly, now serving over 24,000 members and holding total assets of approximately $286 million. Our headquarters in Grand Rapids provides us with a strong foundation as we continue to thrive in the vibrant community of Kalamazoo. From our inception, Preferred Credit Union has been dedicated to not just meeting the financial needs of our members but also fostering a sense of community. Our mission is simple yet profound: to provide exceptional financial services while supporting the growth and well-being of our community. We believe that when our members succeed, so does the entire community. This commitment drives us to offer personalized banking solutions that include checking and savings accounts, auto loans, mortgage options, personal loans, and business banking services. Our branch has evolved with the times, embracing technology to enhance member experiences. With features such as online banking, mobile payments, and e-statements, we ensure that our members have access to their finances anytime and anywhere. We are proud to be ADA compliant and strive for inclusivity in all aspects of our services. While members can visit us at our main location on Westnedge Avenue, official correspondence should be sent to our mailing address at 4245 S Westnedge, Kalamazoo, MI 49008-3207. Our operating hours are from 9:00 AM to 5:00 PM Monday through Friday, making it convenient for you to access our services. In addition to financial offerings, we actively engage in partnerships and outreach efforts within the Kalamazoo area. By collaborating with local organizations and participating in community events, we reinforce our commitment to making a positive impact beyond banking. We invite you to join Preferred Credit Union today! Experience firsthand how we blend quality financial services with genuine support for our community. Together, let's build a brighter future for everyone in Kalamazoo. For more information or to become a member, please call us at 269-382-3206 or visit our website at Preferred Credit Union.

Branch Location & Accessibility

Accessibility and Parking

Our Kalamazoo location is designed with accessibility in mind. Whether you're coming in for a quick transaction or need assistance, our friendly staff is here to help. Ample parking is available right outside the branch, making it simple for you to visit us during your busy day.

Connect With Us

If you have any questions or need assistance, don't hesitate to give us a call at 269-382-3206. Our team is excited to help you achieve your financial goals! Stop by today and discover how we can make banking easier for you.

Operating Hours

We understand that life can be hectic, which is why we're open from 9:00 AM to 5:00 PM, Monday through Friday. This way, you can stop by at a time that works best for you. While our drive-thru service isn't available, our welcoming lobby offers a comfortable space to handle all your banking tasks.

Services Offered

At Preferred Credit Union, we offer a range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgages, we're here to support your financial journey. Plus, if you're a member of another credit union, you can take advantage of shared services for basic transactions right here at our branch. While members can visit us at 4245 S Westnedge Ave, official correspondence should be sent to our mailing address at 4245 S Westnedge, Kalamazoo, MI 49008-3207.

Member Eligibility

At Preferred, we believe that everyone deserves access to a supportive community focused on helping you achieve your financial goals. Becoming a member is simple and welcoming! To join us at our Kalamazoo location, nestled at 4245 S Westnedge Ave Kalamazoo Mi 49008, you'll need to meet some basic eligibility criteria. Generally, membership is open to individuals who live, work, or worship in the areas we serve. We also extend our arms to family members of current members, making it easy for loved ones to benefit from our services too. If you're curious about the specific details or want to ensure you meet all requirements, feel free to visit our eligibility page at https://preferredcu.org/preferred-banking/become-a-member/. Opening an account with us is just as straightforward! You can kickstart your membership journey by visiting our account opening page at https://loans.itsme247.com/204/home/start/. If you have any questions or need assistance, don't hesitate to reach out to us at (269) 382-3206. We're excited to welcome you into our community and provide you with the tools and resources to thrive financially!

Business Banking & Commercial Services

Merchant Services That Simplify Transactions

In today's fast-paced market, having reliable payment processing is crucial. Our merchant services offer businesses efficient ways to accept payments, whether in-store or online. Picture this: a local café using our point-of-sale system to streamline orders while gaining insights into customer preferences. This not only saves time but also enhances customer satisfaction. By choosing Preferred, you're partnering with a credit union that prioritizes your success and supports the local economy. Visit us at 4245 S Westnedge Ave Kalamazoo Mi 49008, Kalamazoo, MI or call us at (269) 382-3206 to learn more about how we can help your business flourish!

Tailored Business Loans

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 the resources to expand your operations, invest in new technology, or hire additional staff. Our member-focused approach ensures that we work closely with you to understand your financial needs and provide customized loan options that fuel your growth.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about getting a new car? Our auto loans make it easy to finance your next vehicle purchase. We offer competitive rates and flexible terms that fit your budget. Picture driving off in your dream car while knowing you've made a smart financial choice with our help.

Business Banking Services

For local entrepreneurs, we provide business banking solutions including merchant services and business loans. Running a business comes with its challenges, but with our support, you can focus on growth while we handle the banking side.

Convenient Access & ATM Services

We understand that convenience is key in today's fast-paced world. That's why we offer ATM services for quick cash withdrawals and balance checks right when you need them. Plus, if you're a member of partner credit unions, you can enjoy shared branch transactions like deposits and withdrawals seamlessly. At Preferred, we strive to ensure that managing your money is as simple as possible. Our friendly team is ready to assist you with any questions or help you need regarding our services. Ready to take the next step? Give us a call at 269-382-3206 or visit us today at 4245 S Westnedge Ave, Kalamazoo, MI 49008! Explore how we can support your financial journey at preferredcu.org.

Credit Cards with Rewards

Our credit cards aren't just about making purchases; they offer rewards too! Enjoy cash back on everyday expenses while building your credit history. Think about how rewarding it would be to earn points or cash back simply by using your card for regular purchases.

Mortgage Loans & Refinancing

If homeownership is on your mind, consider our mortgage loans. We guide you through the process, ensuring you find the best rates for purchasing or refinancing your home. Owning a home brings a sense of stability and pride, and we're here to support you every step of the way.

Personal Banking Solutions

Whether you're looking to open a checking or savings account, our personal banking options are tailored for your everyday needs. Imagine having the ability to track your spending and save for future goals all in one place. With our online and mobile banking features, you can check balances, transfer funds, and pay bills right from your smartphone or computer.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses at you. That's where our personal loans come into play. Whether it's for an emergency expense or consolidating debt, we provide straightforward loan options that help you regain control of your finances.

Digital & Online Banking

Key Features

Our online banking services come packed with features that empower you to manage your money effortlessly. You can view balances, make transfers, and pay bills all in one place. Plus, with electronic signatures, securing loans or agreements is quicker than ever just sign digitally and save time! If you're looking to keep track of your spending or receive important account updates, you'll appreciate our e-statements feature. Going paperless not only helps the environment but also gives you instant access to your statements whenever you need them.

Mobile Banking Made Easy

For those who prefer managing their finances on their mobile devices, our dedicated mobile application is here to help. With the ability to make person-to-person transfers, send money easily to friends or family right from your smartphone. And if you're on the go, our mobile payments feature allows you to pay directly from your phone at stores that accept mobile transactions.

Security First

We prioritize your security with robust protections in place so you can bank confidently online. Our systems use advanced encryption methods to keep your information safe while providing a user-friendly experience. At Preferred, we aim for accessibility and ease of use in everything we do. Experience the freedom of real-time account management and enjoy the flexibility that comes with modern banking solutions. Visit us today at https://preferredcu.org/ and take control of your finances like never before!

Financial Strength

A Thriving Workforce

Our commitment to our members is reflected in our dedicated team of 77 full-time employees and 0 part-time employees who are always ready to assist you. This knowledgeable staff ensures that you receive the personalized service you deserve.

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 your financial goals with $3,511 in used auto loans and $150,207,408 in total loans and leases.

Growing Member Base

With a total of 60,161 share and deposit accounts, it's clear that our member base trusts us with their finances. We take pride in this relationship and work hard every day to earn your trust. 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 4245 S Westnedge Ave Kalamazoo Mi 49008 or call (269) 382-3206 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Member-Focused Savings Options

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.

Solid Financial Position

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 terms that can suit different budgets and credit situations. Whether you're purchasing a new or used vehicle, our competitive rates ensure you get the best deal possible.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $9,591,299. This means you can focus on finding your perfect home without worrying about complicated financing processes. Our team is here to help guide you through each step of your mortgage journey.

Other Loan Products

For those seeking additional financing options, our credit lines totaling $34,000,000 can provide the extra cash flow needed for emergencies or planned expenses. If you're a business owner looking for support, our commercial loans are available as well. At Preferred, we believe in providing straightforward solutions that empower our members. Refinancing options are available across most products to help you save more as interest rates change. To find out if you're eligible for any of our offerings or if you'd like to start an application process today, please give us a call at 269-382-3206 or visit us at 4245 S Westnedge Ave Kalamazoo MI 49008. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore how our loan offerings can work for you! Visit us online at Preferred for more information and to begin your application today!

Unsecured Credit Card Loans

Managing everyday expenses can be challenging. That's why 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 rewards that can enhance your spending experience while keeping your budget intact.

Loan Aggregator

Benefits of Using LendMesh

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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 rigorous sourcing process guarantees fair and transparent offers for borrowers. Users can trust that the information they receive reflects current market conditions and lender requirements.

PREFERRED CREDIT UNION - Kalamazoo, MI

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