How many branches does Lake Michigan Credit Union have?
How many branches does Lake Michigan Credit Union have?
Type Credit union
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Founded 1933
Headquarters Grand Rapids, Michigan , United States
Number of locations 53 (2019)
Key people Sandra Jelinski (CEO)
What states is Lake Michigan Credit Union in?
Type Credit union
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Headquarters Grand Rapids, Michigan , United States
Number of locations 53 (2019)
Key people Sandra Jelinski (CEO)
AUM US$4.35 billion (2018)
How many members does Lake Michigan Credit Union have?
400,000 members
Is LMCU federally insured?
All LMCU shares are federally insured up to the eligible limits established by the National Credit Union Administration. This coverage is by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA.
Is LMCU a good bank?
Overall bank rating Lake Michigan Credit Union is among the 20 largest credit unions nationwide and boasts solid rates and low to no monthly fees across its checking and savings accounts and certificates of deposit.
Is Lake Michigan Credit Union Nonprofit?
As a credit union, LMCU is a nonprofit institution, owned by its members. We have no corporate stock holders. Among all credit unions nationally with over $3 billion in assets, we rank #1 in asset growth and #1 in Return of Member, with an amazing 99.53% rate.
Are credit unions FDIC insured?
All deposits at federally insured credit unions are protected by the National Credit Union Share Insurance FundNational Credit Union Share Insurance FundThe National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members' deposits in federally insured credit unions. Each credit union member has at least $250,000 in total coverage. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000.https://www.ncua.gov › support-services › share-insurance-fundShare Insurance Fund Overview | National Credit Union Administration, with deposits insured up to at least $250,000 per individual depositor. Credit union members have never lost a penny of insured savings at a federally insured credit union.
Who is the president of Lake Michigan Credit Union?
Sandy Jelinksi
How big is LMCU?
2016 Reached $4.0 billion in assets and became the largest credit union in Michigan. 2018 LMCU reached 400,000 members and 5.46 billion in assets.
What is the number one credit union in Michigan?
Voted Forbes 2020 Best Michigan Credit Union, Frankenmuth Credit Union offers personalized financial solutions to empower FCU members and their communities.
Is LMCU only in Michigan?
Pure Michigan & The Sunshine State Our branches can be found in Kalamazoo, Grand Rapids, Holland, Grand Haven and Traverse City. LMCU has a presence in the Saginaw area, Detroit's northern suburbs and southwestern Florida.
Does Lake Michigan Credit Union have safe deposit boxes?
It features multiple drive-through lanes, night depository, 24-hour ATM, safe deposit boxes and access to notary, mortgage lending and investment services. LMCU members have access to over 55,000 AllPoint ATMs worldwide.