Eastern Michigan Financial Corporation (EFIN)

Overview

Eastern Michigan Financial Corporation serves as the bank holding entity for Eastern Michigan Bank, offering a comprehensive range of retail and commercial banking solutions to individuals and businesses within Michigan. Since its establishment in 1895, it has rooted itself firmly in Croswell, Michigan, serving as a cornerstone of financial stability and support in its local communities. Through its evolving banking services, Eastern Michigan Financial Corporation aims to address the varied financial needs of its customers, reinforcing its commitment to fostering economic growth and financial wellbeing in the region.

Products and Services

• Checking and Savings Accounts: Essential banking services that offer customers a secure place to manage their daily finances and save for the future.
• Individual Retirement Accounts (IRAs), Time Deposits, and Certificates of Deposit: Investment products aimed at helping customers secure their long-term financial goals, offering various options for retirement savings and fixed-term investments.
• Home Equity Lines of Credit and Home Equity Term Loans: Flexible financial solutions that allow homeowners to leverage the equity in their home for large purchases, debt consolidation, or other significant expenses.
• Automobile and Truck Loans, Home Mortgage Loans, and Student Loans: A range of loan products tailored to meet the personal financing needs of individuals, whether they are buying a vehicle, purchasing a home, or funding education.
• Recreational Vehicle Loans including RV, Motorcycle, Snowmobile, Jet Ski, Boat, and ATV Loans: Dedicated financing options for those looking to purchase leisure vehicles for personal enjoyment.
• Commercial Financing Products: Includes equipment financing and loans, vehicle loans, working capital lines of credit, multi-family dwelling loans, commercial real estate loans, and small business association loans, catering to the diverse needs of businesses for growth and operational funding.
• Agricultural Loans: An array of agricultural financing solutions like machinery, farm, construction, livestock, FSA guaranteed, and long term fixed rate loans, designed to support the unique needs of the farming community.
• Online and Mobile Banking: Digital banking services that offer customers 24/7 access to their accounts, enabling them to manage their finances conveniently and efficiently from anywhere.
• Additional Services: A suite of ancillary services including debit and credit cards, gift cards, telephone and voice response banking, electronic payment services, merchant services, remote deposit capture, lockbox, night deposit, notary, and safe deposit box services, further enhancing the banking experience for individuals and businesses alike.