Lake Michigan Credit Union (LMCU) has branches in Michigan, Nebraska, and Florida. Its small business offerings include business checking accounts, lending, treasury management, investment, insurance, retirement planning, and more. We compiled Lake Michigan Credit Union reviews and found that it is rated A+ by the Better Business Bureau and 4.5 stars on WalletHub.
Lake Michigan Credit Union membership is open to persons who reside, work, attend school, or worship within any county in the State of Michigan’s lower peninsula, as well as those within the following counties in the State of Florida: Collier, Lee, Charlotte, Sarasota, Manatee, Hillsborough, Polk, Hardee, Desoto, Highlands, Glades, Hendry, Monroe, and Palm Beach. Immediate family members of current LMCU members are also eligible to join.
Ready to get started with Lake Michigan Credit Union business checking? Apply now.
Lake Michigan Credit Union Business Checking Rates & Fees
|Monthly Fee||$10 per month|
|Minimum Balance Requirement||No minimum balance requirement|
|Transaction Fee||150 free items per month, $0.40 each thereafter|
|Wire Transfer Fee||Incoming (domestic): $5|
Incoming (international): $10
Outgoing (domestic): $25
Outgoing (international): $50
|Cash Deposit Fee||$20,000 free in cash/coin deposits and withdrawals per month; 0.10% fee on amounts in excess of $20,000|
|Overdraft Fee||$30 each|
|ATM Fee||$1 per non-proprietary ATM transaction|
Lake Michigan Credit Union Network
Lake Michigan Credit Union has branches in Michigan, Nebraska, and Florida. Its members may also access their funds from thousands of surcharge-free ATMs nationwide through its Allpoint network. You may view its branch locator to check which locations are closest to you.
Lake Michigan Credit Union Additional Business Banking Services
Lake Michigan Credit Union also offers business money market and health savings accounts, credit cards, lines of credit, term loans, commercial real estate financing, and Small Business Administration (SBA) funding. Although it offers personal savings accounts, it currently does not have business savings account offerings. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Small Business Administration (SBA) Loans||✓|
|Commercial Real Estate Loans||✓|
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