Lake Michigan Credit Union, also known as LMCU, is a financial institution based in Grand Rapids, Michigan. Founded in 1933, it has grown to become the largest credit union in Michigan with over 480,000 members and 53 branches across the state.
LMCU is a not-for-profit organization, which means it operates solely for the benefit of its members. This allows it to offer competitive rates and fees, as well as excellent customer service.
One of the most attractive features of LMCU is their low interest rates on loans. Whether you need a car loan, personal loan, or mortgage, LMCU has options to fit your needs. They also offer home equity loans and lines of credit, which can be used for home renovations or debt consolidation. Additionally, they offer credit cards with low interest rates and rewards programs.
When it comes to everyday banking, LMCU has a range of checking and savings accounts to choose from. Depending on your needs, you can select from accounts that pay interest, offer free checks, or allow unlimited transactions. Their online and mobile banking platforms make it easy to deposit checks, transfer funds, and pay bills from anywhere.
LMCU also offers investment and insurance services through their CUSO Financial Services division. Whether you need help planning for retirement or selecting the right insurance policy, their team of financial planning experts can guide you through the process.
Another unique feature of LMCU is their Max Checking account. This account pays interest and rewards customers for using their debit card with cash back and discounts at retailers. Additionally, Max Checking account holders have access to over 30,000 fee-free ATMs nationwide.
LMCU’s commitment to their members extends beyond financial services. They are actively involved in the community through their LMCU Gives program. In 2019 alone, LMCU donated over $1 million to local charities and organizations. They also offer scholarships to students pursuing higher education and support local businesses through their Buy Nearby initiative.
LMCU’s dedication to their members and the community has not gone unnoticed. They have been named the Best Credit Union in Michigan by Forbes for four years in a row and were recognized as a Forbes Best-In-State Bank for 2020.
As a member-owned and member-driven financial institution, LMCU has a vested interest in helping its members’ financial well-being. They do this by offering a range of competitive products and services, as well as investing in the community they serve. If you are looking for a banking partner that prioritizes your financial health and overall well-being, Lake Michigan Credit Union is worth considering.