April 30, 2015

Great news! Solid growth for LMCU

We’d like to share some exciting news with you. Out of all the credit unions in the country with assets of $1 billion or more, Lake Michigan Credit Union ranked 1st in the nation in Return of Member! That return comes back to you in the form of higher rates when you save, and lower rates when you borrow.†

Bauer Financial Group, an independent financial ratings agency, has awarded LMCU its coveted 5-Star rating for financial safety and soundness. Weiss Ratings gives LMCU an A+ for excellent financial strength.

For the past eight years, we’ve been named among West Michigan’s Best and Brightest Companies to Work For.™  We also made the cut for that designation in the Detroit metro area, and for the first time ever, at the national level!

Total credit union assets rose upward to over $3.7 billion!

Lastly, in March 2015, our Mortgage division closed over $275 million in loans, and new applications hit a new record of over 1,300. This fantastic growth has taken our total lending portfolio to over 7 billion dollars. Great news for LMCU. And great news for you!

†Source: Callahan and Associates.