SIR Federal Credit Union

SIR Federal Credit Union

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SIR Federal Credit Union provides the services a credit union normally does. But as CEO Ron Lauren said, SIR does “everything.” From daily hometown banking needs, to in-house mortgage payments, to giving back in donations and time, SIR is a prominent business to the communities in which they serve.

SIR Credit Union has undergone many transformations since starting in downtown Negaunee in 1948. The Negaunee branch moved to its current location along US 41 in the mid-1980s and has undergone three expansions since then. SIR has over 11,000 members between the three banks in Marquette, Gwinn, and of course, Negaunee. CEO Ron Lauren hopes to expand the SIR banking (and member) services to most of the Upper Peninsula.

“We are here for the members,” said Lauren. “The members are the focus to SIR’s approach to hometown banking.”

SIR does all its servicing in-house. The mortgage payments, loan payments, account services, and other services are all handled at the credit union, not by an outsourced company.

“People in this area like to come in and talk to someone,” explained Lauren. “It is important to have a personal touch, and for people to feel like they can go and sort through their mortgages or loans with an actual person.”

Giving back to the community is a vital part of SIR’s mission, a goal they are pushing more in 2013. This year, the have supported the Jack Pine 30 dog sled race, the Suicide Hill Mud Plunge, the Negaunee Football Score board and the Gwinn Booster Club.

“I think it’s important to support the different events in the area,” said Lauren. “The events bring the community together, and we want to be a part of that.”

SIR has also awarded students from the Negaunee, Marquette and Gwinn school districts scholarships. SIR also supports the school through “Making the Right Money Moves,” a program that advocates for financial literacy courses in the schools. From Ishpeming to Gwinn, Lauren advocates for the importance of teaching kids the fiscal responsibility before college, speaking in classes and to school boards. He is also working with a state representative to have more financial class electives in middle schools and high schools around the state of Michigan.

“Education is important,” said Lauren. “We need to teach our children early on how to not only balance a checkbook, but how to budget and manage their money and credit.”

Whether its servicing its members, schools, or the community at large, SIR Federal Credit Union strives to be more than just a simple credit union providing the basics.

“Our motto is to be our members’ most trusted financial partner, today and into the future,” said Lauren. “We will be here for the members and continue to serve them in our small, hometown fashion.”

Congratulations to Ron Lauren & the employees at SIR Federal Credit Union for being a great influence in Marquette County, and for being this month’s featured business.