Southern Lakes Credit Union Elkhorn WI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Southern Lakes, your trusted partner in financial services located at 17 N Washington St, Elkhorn, WI 53121. Since our establishment in 1935, we have been dedicated to empowering our community through personalized banking solutions and a commitment to member satisfaction. With over 10,000 members and total assets exceeding $103,963,467, we're proud to support local families and businesses alike. At Southern Lakes, we understand that financial choices can be overwhelming. That's why our friendly team is here to guide you every step of the way. Whether you're looking for a personal loan, mortgage options, or business financing, we have tailored solutions just for you. Our total loans amount to 4,478, reflecting our commitment to providing the funding you need when it matters most. While members can visit us at our Elkhorn branch, official correspondence should be sent to our mailing address: 17 North Washington Street, Elkhorn, WI 53121. If you have any questions or need assistance, don't hesitate to reach out! You can contact us at (262) 723-4888 or send a fax to (262) 694-5546. Led by our CEO, John Lyon, and supported by Board President John Morrissey, our team of 30 employees is dedicated to fostering a welcoming environment where your financial goals become reality. With a net worth of $9,984,512 and cash on hand amounting to $1,080,032, we are well-equipped to serve your needs effectively. Visit us online at southernlakescu.org for more information about our services or stop by the branch today! Let us show you how being part of Southern Lakes can help you thrive financially.

Branch History & Mission

Join Us

As we look forward to the future, we invite you to join the Southern Lakes family. Experience firsthand how we can help you navigate your financial journey while being an active part of your community. Whether you're looking for a loan or simply want to learn more about managing your finances better, we're here for you every step of the way. For more information on membership or services, please give us a call at 262-723-4888 or visit us online at Southern Lakes Credit Union. Together, let's build a brighter future!

Our Evolution

From our humble beginnings, Southern Lakes has remained committed to providing excellent service and support to our members. We understand the importance of trust in financial matters, and our growth reflects our dedication to the community. With total assets of over $103 million, we have the resources to help our members achieve their financial goals, whether it's buying a new home or financing a vehicle. Throughout the decades, we've embraced change and innovation while staying true to our mission. We offer a range of services including personal banking, auto loans, mortgages, and business banking solutions. Our operating hours are designed for your convenience: Monday through Thursday from 9:00 AM to 5:00 PM and Friday until 6:00 PM. Additionally, we provide drive-thru services and ATM access for easy transactions.

Our Mission

Our mission at Southern Lakes goes beyond just providing financial products; we aim to empower our members with the knowledge and tools they need for better financial health. We believe in supporting not only individual aspirations but also community initiatives that strengthen the fabric of Elkhorn. Through various outreach programs and partnerships, we actively contribute to local causes and events. While members can visit us at 17 N Washington St, official correspondence should be sent to 17 North Washington Street, Elkhorn, WI 53121. Our commitment to accessibility is evident in our digital advancements as well; members can manage their accounts online or via mobile banking.

Branch Location & Accessibility

Accessibility Features

At Southern Lakes, we prioritize accessibility for all our members. Our branch is fully ADA compliant, featuring ramps and spacious entrances to ensure everyone can visit us comfortably. Whether you prefer to park in our accessible spots right outside or take advantage of our drive-thru service for quick transactions, we have you covered.

Contact Us

If you have any questions or need assistance, feel free to give us a call at 262-723-4888. While members can visit us at our branch address, official correspondence should be sent to 17 North Washington Street, Elkhorn, WI 53121. We invite you to stop by and see how we can assist you today!

Operating Hours & Services

We understand that life can be busy, which is why we offer flexible operating hours. Our lobby is open Monday through Thursday from 9 AM to 5 PM and on Friday from 9 AM to 6 PM. For those on the go, our drive-thru operates from 7 AM to 5 PM on weekdays and stays open until 6 PM on Fridays. When you visit us, you'll find a range of services tailored just for you whether it's opening checking or savings accounts, applying for auto loans, or discussing mortgage options. Need cash? Use our ATM available on-site for quick withdrawals or balance checks.

Member Eligibility

At Southern Lakes, we believe in creating a warm, welcoming community where everyone can thrive. Becoming a member is easy and inclusive! If you live or work in the area, or if you're related to someone who does, you're likely eligible to join us. We embrace all backgrounds, making it simple for you to enjoy the benefits of membership, which include personalized financial services and community support. You can find more detailed eligibility criteria by visiting our website at https://www.southernlakescu.org/membership/ . Ready to open an account? The process is straightforward! Just head over to our account opening page at https://www.southernlakescu.org/loans/ , or feel free to give us a call at (262) 723-4888 if you have any questions. We're here to help you every step of the way as you join our family at Southern Lakes, located at 17 N Washington St Elkhorn Wi 53121. Welcome aboard!

Business Banking & Commercial Services

Business Loan Options

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 $5 in non-member commercial loans, providing flexible financing solutions. Imagine being able to secure the funds you need to purchase new equipment or hire additional staff. With our straightforward application process and personalized service, you'll find that getting a loan with us is both simple and effective.

Merchant Services

In addition to loans, we offer robust merchant services designed to streamline your payment processes. This means you can accept payments from your customers easily and efficiently. Picture this: You've just made a sale, and instead of fumbling with multiple systems, you process the transaction in seconds allowing you to focus on what matters most: growing your business. If you're ready to take your business to the next level, visit us at 17 N Washington St Elkhorn Wi 53121 or call us at (262) 723-4888. Let's work together to make your business dreams come true!

Comprehensive List Of Services

Business Banking Services

For our business members, we provide comprehensive business banking solutions, including merchant services and business loans. We understand how important it is for local businesses to thrive, and we're here to support your growth with tailored financial products.

Convenient Access Anytime

Accessibility is key at Southern Lakes. Our ATM and cash withdrawal services ensure that you can access your funds whenever needed. Plus, our basic drive-thru banking allows for quick deposits, withdrawals, and simple transactions without ever leaving your car. In today's fast-paced world, managing your finances should be easy. That's why we also emphasize the importance of digital banking features. With our online banking platform, members can manage their accounts anytime from anywhere offering true convenience in today's busy lifestyle. If you're interested in learning more about what we offer or if you'd like assistance setting up an account, don't hesitate to reach out! Call us at (262) 723-4888 or visit us at our branch in Elkhorn. We look forward to serving you at Elkhorn!

Credit Cards with Rewards

Don't forget about our credit cards with rewards! With every purchase you make, you can earn points that lead to exciting rewards. It's a great way to save while spending on everyday essentials.

Home Financing Options

When it comes to home ownership, mortgage loans and refinancing are vital services we provide. Our team is here to guide you through the process of securing a mortgage that meets your needs. We understand that buying a home is one of the most significant decisions you'll make, and we strive to make it as straightforward as possible. If you find yourself needing extra cash for unexpected expenses or planning a big purchase, consider our personal loans and debt consolidation options. These services can help simplify your finances by consolidating multiple debts into one manageable monthly payment.

Personal Banking Solutions

Our personal banking offerings include checking and savings accounts designed for convenience and accessibility. Imagine managing your finances with ease using our online and mobile banking services. You can check balances, transfer funds, and even pay bills from your smartphone or computer perfect for those busy days when you're on the go. For those looking to purchase a new car or refinance their current vehicle, we offer auto loans and vehicle financing options tailored to fit different budgets. You can count on us to provide competitive rates that make it easier for you to drive away in your dream car.

Digital & Online Banking

Convenient Online Banking

With our 24/7 online banking services available at https://www.southernlakescu.org/ , you can access your account anytime, anywhere. Check balances, transfer funds, pay bills, and view transaction history all from the comfort of your own home or while you're out and about. Our user-friendly platform ensures that you have real-time control over your finances with just a few clicks.

Easy Access to Statements

No more waiting for the mail! Enjoy the convenience of e-statements available at Yes. This eco-friendly option allows you to receive your monthly statements electronically, helping you keep track of your spending while reducing clutter.

Mobile Application

Take banking on the go with our mobile application, which is readily available for download. With just a tap, you can manage your accounts, deposit checks remotely, and even send money to friends or family through our person-to-person transfer feature. It's like having a bank branch in your pocket!

Payments Made Simple

While mobile payments are not available at this time, our online banking platform provides easy options for managing traditional payments effortlessly. You can set up recurring payments or make one-time transactions quickly without any hassle. In today's fast-paced world, having access to reliable digital banking services is essential. With everything that Southern Lakes offers, managing your finances has never been easier or more accessible! If you have any questions or need assistance, don't hesitate to reach out to us at (262) 723-4888. We're here to help!

Secure Transactions

We prioritize your security with every transaction. Although we do not currently offer electronic signature authorization, rest assured that all online activities are protected with robust security measures. Your financial safety is our top concern as you navigate through our digital services.

Financial Strength

Commitment to Growth

With $6,283,611 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 $2,650 in used auto loans and $70,658,155 in total loans and leases.

Growing Membership

Total Share and Deposit Accounts: 17,000, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $1,149,077. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Southern Lakes is your trusted partner. Visit us at 17 N Washington St Elkhorn Wi 53121 or call (262) 723-4888 to learn more about how we can help you achieve your financial goals.

Member Savings Secure

Members' savings are secured through $5,238,813 in share certificates and $22,150,751 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $282,316 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 24 full-time employees and 6 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Foundation

With a net worth of $9,984,512, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $960 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 Services

For those who need access to credit lines for unexpected expenses or business needs, our total credit lines amount to $16,944,250. This gives you the flexibility to manage cash flow as needed. At Southern Lakes, we pride ourselves on serving our community with integrity and transparency. For more details about our loan products and eligibility requirements, feel free to call us at 262-723-4888 or visit our website at southernlakescu.org. 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 on your path to financial success!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $42,866,956 in used vehicle loans and $9,263,773 in new vehicle loans already helping members get on the road. Whether you're eyeing a brand-new model or a reliable used vehicle, our financing can make it happen.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $4,632,626, make buying or refinancing simple. We provide flexible terms and competitive rates to ensure you find the right fit for your budget. If you're considering refinancing your current mortgage, we have options available that can help you save on interest over time.

Unsecured Credit Card Loans

Managing day-to-day expenses? We also offer flexible terms on unsecured credit card loans. While we currently have $0 in unsecured credit card loans issued, we are dedicated to helping our members navigate their finances effectively through tailored lending solutions.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. This tool is designed to help you navigate the lending landscape with ease and confidence. LendMesh ensures accurate loan comparisons through a rigorous sourcing process. 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 commitment guarantees fair and transparent offers, making it easier for you to choose the right loan for your needs. One of the standout features of LendMesh is its focus on verified data. All loan offers are sourced from legitimate financial institutions, ensuring transparency in every comparison you make. Additionally, LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This means you can trust that the options presented to you are based solely on their merits. Another benefit of using LendMesh is the real-time rate comparisons. You receive up-to-date loan rates from multiple institutions, helping you make informed decisions quickly. This feature is particularly useful in today's fast-moving market where rates can change frequently. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the reliability and effectiveness of this tool in helping borrowers 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.

SOUTHERN LAKES CREDIT UNION