The Local Credit Union Sterling Heights MI | Best Auto Loans & Business Banking

Introduction

Welcome to The Local Credit Union, your trusted partner in financial growth and community support since 1949. Located at 39139 Mound Rd, Sterling Heights, MI 48310, we have proudly served over 10,208 members, helping them navigate their financial journeys with confidence. Our commitment to providing personalized services is reflected in our total assets of $103,164,933 and a robust net worth of $15,692,438. At The Local Credit Union, we believe that banking should be accessible and straightforward. Whether you're looking for checking and savings accounts, auto loans, or personal financing options, our dedicated team is here to help you every step of the way. With a total loan portfolio exceeding 3,676, we strive to meet the diverse needs of our members while ensuring financial stability. Our leadership team is driven by a passion for service and community involvement. Under the guidance of CEO Joseph Hallman and Board President Joseph Cusenza, we aim to foster a welcoming environment where everyone feels valued. We have an experienced staff of 22 employees who are always ready to assist you with your banking needs. While you can visit us at our branch location for in-person assistance, official correspondence should be sent to our mailing address at 39139 Mound Road, Sterling Heights, MI 48310-2737. Ready to take the next step in your financial journey? Feel free to call us at 586-264-1212 or explore more about our services online at The Local Credit Union. Join us today and experience the difference a community-focused credit union can make!

Branch History & Mission

Commitment to Innovation

In this ever-changing world, The Local embraces technology to enhance the banking experience for our members. We offer online and mobile banking options that allow you to manage your finances conveniently from anywhere. With ATM availability right here at the branch and shared service center access for partner credit union members, we're dedicated to ensuring that our services are easy to use and accessible. Our operating hours reflect our commitment to serving you when it's most convenient: Monday through Thursday from 9:00 am to 5:00 pm and Friday from 8:00 am to 6:00 pm.

Join Us

As we look toward the future, The Local remains focused on its mission of supporting every member's financial journey while continuing to grow as a vital part of the Sterling Heights community. If you're not yet a member of The Local Credit Union, we invite you to join us! Experience firsthand how we can help you reach your financial goals while being part of something larger your community. For more information or assistance, feel free to call us at 586-264-1212 or visit our website at The Local Credit Union. Together, let's create a brighter financial future!

Our Mission

At The Local, our mission goes beyond simply offering personal banking services like checking and savings accounts or auto loans. We strive to empower our members by providing them with accessible financial solutions tailored to their unique circumstances. We understand that each member's journey is different, which is why we focus on personalized service and support. We are proud to be more than just a credit union; we are active participants in the Sterling Heights community. Our commitment extends to partnerships with local organizations and outreach programs designed to uplift those around us. Whether it's hosting financial literacy workshops or supporting local charities, we believe in giving back and making a positive impact. While members can visit us at 39139 Mound Rd Sterling Heights MI 48310 for all their banking needs, official correspondence should be sent to our mailing address at 39139 Mound Road, Sterling Heights, MI 48310-2737.

Branch Location & Accessibility

Welcome to The Local Credit Union, conveniently located at 39139 Mound Rd, Sterling Heights, MI 48310. Our branch sits in the heart of Macomb County, making it easily accessible for all your banking needs. Whether you're stopping by for a quick transaction or seeking personalized financial advice, our friendly staff is here to help. If you're coming from nearby landmarks like Lakeside Mall or the Sterling Heights Public Library, you'll find us just a short drive away. Parking is ample and convenient, with ADA-compliant access ensuring that everyone can visit us without hassle. While members can visit us at 39139 Mound Rd, official correspondence should be sent to 39139 Mound Road, Sterling Heights, MI 48310-2737. At The Local Credit Union, we pride ourselves on providing excellent service during our operating hours: Monday through Thursday from 9:00 AM to 5:00 PM and Friday from 8:00 AM to 6:00 PM. Need cash? We have an ATM available right on-site for your convenience. While we do not offer drive-thru banking at this location, our team is ready to assist you inside. Additionally, if you're a member of another participating credit union, you can utilize our shared service center for basic transactions like deposits and withdrawals. We invite you to stop by or give us a call at 586-264-1212 for any questions or assistance. At The Local Credit Union, we're committed to making your banking experience as smooth and enjoyable as possible!

Member Eligibility

Joining The Local is like becoming part of a caring family that's dedicated to helping you achieve your financial goals. If you're looking to become a member, you'll be pleased to know that eligibility is simple and welcoming. You can qualify if you live, work, or worship in the surrounding community, making it easy for many people to join our supportive network. By becoming a member at The Local, you gain access to a variety of financial services designed just for you, including checking and savings accounts, auto loans, and more everything you need to feel financially secure. To start your journey with us, simply visit our branch located at 39139 Mound Rd Sterling Heights Mi 48310 or give us a call at (586) 264-1212 for any questions. For further details on eligibility criteria, check out our website at . We're excited to welcome you into our community!

Business Banking & Commercial Services

Merchant Services

In addition to loans, we offer merchant services that make transactions easier for your business. Picture this: You're at a busy market, and a customer wants to pay with a card instead of cash. With our merchant services, you can accept payments quickly and securely, ensuring that you don't miss out on sales opportunities. Located conveniently at 39139 Mound Rd Sterling Heights Mi 48310, Sterling Heights, MI, we're here to be your partner in success. Contact us today at (586) 264-1212 to learn more about how we can help your business grow!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1 in commercial loans for our members, helping businesses scale and succeed. This financing can empower you to expand your operations, invest in new equipment, or hire additional staff. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that meet various needs. With an outstanding commercial loan portfolio of $111,962, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Support

For small business owners, we provide tailored banking solutions including merchant services and business loans. Our goal is to help your business thrive by offering the right tools and resources.

Digital Banking Convenience

In today's fast-paced world, having access to your finances anytime is crucial. That's why we offer robust online and mobile banking services. You can easily check balances, transfer funds, or pay bills right from your smartphone or computer. Plus, our ATM services allow for quick cash withdrawals or balance checks whenever you need them.

Loans for Every Need

Life can throw unexpected expenses your way, but with our personal loans and debt consolidation services, you can take control of your financial situation. We offer credit cards with rewards so you can earn while you spend, turning everyday purchases into opportunities for savings.

Personal Banking Solutions

We understand that managing your finances can sometimes feel overwhelming. That's why our personal banking options are designed with you in mind. You can open checking and savings accounts that fit your lifestyle, making it easy to keep track of your money. If you're considering buying a new vehicle, our auto loans and vehicle financing options provide competitive rates and flexible terms. For those looking to purchase a home, our mortgage loans and refinancing solutions make the process straightforward and stress-free.

Shared Branch Services

If you're traveling or just away from home, rest assured that you can perform basic transactions like deposits and withdrawals through our shared branch network with partner credit unions. This means you have access to your funds no matter where life takes you. We invite you to visit us at 39139 Mound Rd Sterling Heights Mi 48310 in Sterling Heights or give us a call at (586) 264-1212 to learn more about how we can help you achieve your financial goals. At The Local, we're not just about transactions; we're about building relationships that last a lifetime. Explore the possibilities today!

Digital & Online Banking

Key Services for Your Convenience

Our online banking platform allows you to check balances, transfer funds, and pay bills with just a few clicks. No more waiting in line or rushing to the bank before closing time everything you need is right at your fingertips. Plus, if you're looking to stay organized, you'll appreciate our e-statements feature, which gives you instant access to your financial statements without the clutter of paper. For those who prefer banking on-the-go, our mobile application makes it easy to manage your accounts from your smartphone. You can even make mobile payments directly through the app, making transactions simpler than ever. While person-to-person transfers aren't available yet, we are continuously working on enhancing our services to meet your needs.

Security You Can Trust

Your security is our top priority. We implement advanced security measures to protect your information while you bank online. Although electronic signature authorization is not available at this time, rest assured that all transactions are safeguarded by strong encryption protocols. At The Local, we believe in making banking as straightforward as possible. Whether you're checking account balances or reviewing recent transactions, our user-friendly interface ensures that managing your money is an effortless experience. With everything from e-statements to mobile payments available at your convenience, we invite you to explore how our digital banking services can enhance your financial management journey today!

Financial Strength

Member-Centric Savings

Members' savings are secured through $17,010,308 in share certificates and $17,644,924 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 $235,721 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 22 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvesting in Your Future

With $15,347,242 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our $1,200 in used auto loans and $46,061,600 in total loans and leases demonstrate our lending capacity supports your financial goals across various sectors.

Strong Financial Health

With a net worth of $15,692,438, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,519 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trust Built Through Numbers

Net Shares (Funds available for lending and investments): $13,792,778. Total Share and Deposit Accounts: 14,685, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, The Local is your trusted partner. Visit us at 39139 Mound Rd Sterling Heights Mi 48310 or call (586) 264-1212 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $18,590,534 in used vehicle loans and $8,200,721 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new vehicle or a reliable used car, our team is here to assist you every step of the way.

Business Loans

For business owners, our outstanding commercial loans totaling $111,962 provide the capital needed to grow and expand your operations. We know how vital it is for businesses to have access to funds when they need them most. If you're interested in learning more about any of these loan products or would like assistance with refinancing options, don't hesitate to reach out. You can contact us at (586) 264-1212 or visit us at our branch located at 39139 Mound Rd Sterling Heights Mi 48310 in Sterling Heights, MI. For further information regarding our services and products, please visit our website at https://www.thelocalcreditunion.com/ . 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 helping you achieve your financial goals!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,036,364, make buying or refinancing simple. We also provide guidance on eligibility options to ensure that you find the right mortgage solution for your situation.

Unsecured Credit Card Loans

Managing everyday expenses can sometimes feel overwhelming. That's why we offer flexible terms on unsecured credit card loans, with a total of $1,884,101 in loans helping members manage their finances effectively. These cards come with competitive interest rates and no hidden fees, allowing you to focus on what truly matters.

Loan Aggregator

Ensuring Accurate Comparisons

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THE LOCAL CREDIT UNION