Lake Michigan Credit Union has been providing checking accounts, home and refinance loans and saving accounts for the citizens of Michigan since October 1933. To gain membership, there are a few criteria, but those who live, work or play in the Lower Peninsula Michigan area. While there aren’t many LMCU ATMS to choose from, the credit union does refund ATM fee charges at the end of each month, up to $15.00 per account. Currently, there are 575 employees throughout the various 11 branches within Michigan. Competitive rates for a variety of loans, and other benefits such as discounts to a few businesses such as Sprint and Lifelock.
Interest rates for checking accounts, auto loans and home loans are published upfront, on the company home page for easy viewing. View the credit card and loan rates, along with CD specials and share rates. All the various loan interest rates can be easily accessed under the “rates” tab at the top of the Lake Michigan Credit Union website.
For questions, Lake Michigan Credit Union has provided an online chat option. During typical business hours, there are online agents available for live chat.
Accounts can be open via the Internet. Checking accounts offer all the new standard features including online and mobile banking.
Though most of LMCU’s website, services and company appears positive, there is always room for improvement. For instance, while there are ATMS at each branch, installing their ATMS in other locations might be helpful. Perhaps in a grocery store or gas station, someplace convenient for the members of the credit union.
Additional membership benefits could be provided as well. Currently, there is just a discount provided through Sprint, Lifelock and local theme parks within Michigan.