Lake Michigan Credit Union

Rated star_ratedstar_ratedstar_ratedstar_ratedstar_normal by CUHub
Review based on 12 criteria Rating: 4 out of 5

PO 2848, Grand Rapids, MI 49501

Website

(616) 242-9790

Data Source: NCUA, December 31, 2016


Lake Michigan Credit Union was founded in 1933. Headquartered in Grand Rapids, Michigan, Lake Michigan Credit Union is a state chartered and federally insured credit union, being chartered in Michigan and insured through the National Credit Union Share Insurance Fund (NCUSIF). Lake Michigan Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Lake Michigan Credit Union services 293,851 members through its 40 offices and branches and 973 full-time and 83 part-time employees. It has $4,823,231,734 of total assets and $561,123,948 of net worth. Based on its asset size and net worth ratio, Lake Michigan Credit Union is classified as a Well Capitalized large credit union.

Lake Michigan Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Lake Michigan Credit Union also provides an array of services to its members and local communities. Lake Michigan Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Lake Michigan Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Michigan and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Michigan
Median of USA
Checking
3.0000
0.0000
0.0000
Savings
0.2500
0.1000
0.1200
Money Market
0.5000
0.2500
0.2500
Certificate Deplit
1.3900
0.6000
0.5800
IRA
0.8000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
6.5000
9.9600
9.9900
Unsecured Line of Credits
5.9900
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
6.2300
6.0200
New Car Loans
2.7500
2.9900
3.3300
Used Car Loans
2.7500
3.9900
4.5000
1st Mortgage Real Estates
4.0000
4.2500
4.2500
Other Real Estates
3.7500
4.5000
4.7000

Lake Michigan Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Lake Michigan Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
Yes
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
Yes

As a community financial institution, Lake Michigan Credit Union actively involves in local communities by prliding services such as financial counseling , financial education, financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Lake Michigan Credit Union
6206 Kalamazoo Ave Se
Kentwood, MI 49508-7022
Phone:616-242-9790

Lake Michigan Credit Union
4050 Lake Dr Se
Grand Rapids, MI 49546
Phone:616-242-9790

Lake Michigan Credit Union
600 5th St Nw Widdicomb South
Grand Rapids, MI 49504-5107
Phone:616-242-9790

Lake Michigan Credit Union
487 S Drake Rd
Kalamazoo, MI 49009-3236
Phone:616-242-9790

Lake Michigan Credit Union
4100 32nd Ave
Hudsonville, MI 49426-8406
Phone:616-242-9790

Lake Michigan Credit Union
2720 Lake Michigan Dr Nw
Grand Rapids, MI 49504-5884
Phone:616-242-9790

Lake Michigan Credit Union
143 Bostwick Ave Ne
Grand Rapids, MI 49503
Phone:616-242-9790

Lake Michigan Credit Union
7409 Cottonwood Dr
Jenison, MI 49428-8356
Phone:616-242-9790

Lake Michigan Credit Union
435 S Westnedge Ave
Kalamazoo, MI 49007
Phone:616-242-9790

Lake Michigan Credit Union
6170 W Main St
Kalamazoo, MI 49009
Phone:616-242-9790

Lake Michigan Credit Union
106 N Grand St Ste B
Schoolcraft, MI 49087
Phone:616-242-9790

Lake Michigan Credit Union
342 Michigan St Ne
Grand Rapids, MI 49503
Phone:616-242-9790

Lake Michigan Credit Union
5023 Lake Michigan Dr
Allendale, MI 49401
Phone:616-242-9790

Lake Michigan Credit Union
1820 Leonard St Ne
Grand Rapids, MI 49505-5650
Phone:616-242-9790

Lake Michigan Credit Union
2024 Celebration Dr Ne
Grand Rapids, MI 49525
Phone:616-242-9790

Lake Michigan Credit Union
Main Office

5540 Glenwood Hills Pkwy Se
Grand Rapids, MI 49512
Phone:616-242-9790

Lake Michigan Credit Union
5519 Glenwood Hills Pkwy Se
Grand Rapids, MI 49512-2077
Phone:616-242-9790

Lake Michigan Credit Union
7580 Fulton St E
Ada, MI 49301-9053
Phone:616-242-9790

Lake Michigan Credit Union
34391 W 12 Mile Rd
Farmington Hills, MI 48331
Phone:248-848-7122

Lake Michigan Credit Union
3493 W Shore Dr
Holland, MI 49424
Phone:616-464-7720

Lake Michigan Credit Union
734 W Long Lake Rd
Troy, MI 48098
Phone:248-848-7135

Lake Michigan Credit Union
1619 E Mount Garfield Rd
Muskegon, MI 49444-7763
Phone:616-242-9790

Lake Michigan Credit Union
310 W Front St
Traverse City, MI 49684-2279
Phone:231-932-6283

Lake Michigan Credit Union
3326 Gull Rd
Kalamazoo, MI 49048
Phone:616-242-9790

Lake Michigan Credit Union
5701 28th St Se
Grand Rapids, MI 49546
Phone:616-242-9790

Lake Michigan Credit Union
4560 Alpine Ave Nw
Comstock Park, MI 49321-9707
Phone:616-242-9790

Lake Michigan Credit Union
7175 Broadmoor Ave Se
Caledonia, MI 49316-9510
Phone:616-242-9790

Lake Michigan Credit Union
1210 Spaulding Ave Se
Grand Rapids, MI 49546-6336
Phone:616-242-9790

Lake Michigan Credit Union
4027 Lake Dr Se
Grand Rapids, MI 49546-8812
Phone:616-242-9790

Lake Michigan Credit Union
951 Jackson St
Grand Haven, MI 49417
Phone:616-242-9790

Lake Michigan Credit Union
412 Fuller Ave Ne
Grand Rapids, MI 49503-1912
Phone:616-242-9790

Lake Michigan Credit Union
677 E 8th St
Holland, MI 49423
Phone:616-242-9790

Lake Michigan Credit Union
19025 Newburgh Rd
Livonia, MI 48152
Phone:616-242-9790

Lake Michigan Credit Union
3870 Division Ave S
Grand Rapids, MI 49548-3267
Phone:616-242-9790

Lake Michigan Credit Union
5453 Northland Dr Ne
Grand Rapids, MI 49525-1032
Phone:616-242-9790

Lake Michigan Credit Union
24201 Walden Center Dr
Estero, FL 34134
Phone:616-242-9790

Lake Michigan Credit Union
260 Jefferson Ave. Se
Grand Rapids, MI 49503
Phone:616-242-9790

Lake Michigan Credit Union
3810 Sparks Dr Se
Grand Rapids, MI 49546-6144
Phone:616-242-9790

Lake Michigan Credit Union
8211q Byron Center Ave Sw
Byron Center, MI 49315-7961
Phone:616-242-9790

Lake Michigan Credit Union
2636 44th St Sw
Wyoming, MI 49519-4106
Phone:616-242-9790

Lake Michigan Credit Union
2335 10 Mile Rd Ne
Rockford, MI 49341-7106
Phone:616-242-9790

Lake Michigan Credit Union
8635 Collier Blvd
Naples, FL 34114
Phone:239-908-5878

Portage
4084 W Centre Ave
Portage, MI 49024
Phone:616-242-9790
share

No Review

  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:31 pm

Related Listings