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Featured Accounts

Lake Trust Credit Union

Popular Accounts at this Credit Union

1.51%5-year CD60 - 72 Months CD
0.30%1-year CD1 Year Select Saver CD
0.05%SavingsHoliday Savings

Overview / Commentary
4605 S Old Us Highway 23
Brighton, MI 48114

Lake Trust Credit Union is headquartered in Brighton and is the 6th largest credit union in the state of Michigan. It is also the 131st largest credit union in the nation. It was established in 1944 and as of September of 2016, it had grown to 403 employees and 173,829 members at 22 locations. Lake Trust Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Lake Trust Credit Union is open to the following: (1) those who live, work, attend school or worship in Allegan, Barry, Calhoun, Clare, Clinton, Eaton, Genesee, Gladwin, Gratiot, Hillsdale, Ingham, Ionia, Isabella, Jackson, Kalamazoo, Kent, Lenawee, Livingston, Macomb, Mecosta, Midland, Missaukee, Monroe, Montcalm, Muskegon, Oakland, Osceola, Ottawa, Roscommon, Saginaw, St. Clair, Shiawassee, Van Buren, Washtenaw, or Wayne Counties in Michigan; (2) employees of the Utility Workers Union of America, AFL/CIO, Local No. 223, Dearborn, Michigan; (3) employees or retirees of the DTE Energy Company and its subsidiaries; (4) faculty, staff, students and alumni of the Thomas M. Cooley Law School in Lansing, Michigan; (5) employees and retirees of Michigan Grocers Association and Michigan Grocers Services Corporation; (6) anyone receiving retirement payments and live in the above counties or contiguous counties of the county of the credit union’s headquarters.
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Great Credit Union

I have been a member since Nov. 2007.

Their rates have always been on of the highest in the area.

Every customer service interaction I have had both in person and over the phone has been done professionally and polietly.  The reason for the interaction has been quickly solved.

Would recommend to anyone in the area.

My experience with Lake Trust Credit Union.

Posted by: Travels | Apr 26, 2015

I have dealt with this Credit Union for along time. They used to be called Huron River Credit Union. I have had Savings and checking accounts with them. The customer service is wonderful and they are very nice and talk to you about your day and ask you things like, (how are you today sir or mam?), Other things stand out also. Once I was having a bad day and the Teller could really tell after they had asked me how my day was going. I guess I just needed someone to talk to and they listened and I tell you my day was much better after that! My experience with the website at the time was not the best. I guess it was the way that it was set up the confused me. I also was not that internet savy at the time too. They offer a reasonable rates and fee's also. I would recommend this institution to anyone!

Lake Trust Takeovers

Posted by: pgaylew | Sep 29, 2011

I was a member of Huron River Area Credit Union, then Detroit Edison Credit Union and finally Lake Trust Credit Union for over 10 years.  Not their best customer or their worst and admittedly I didn't make a lot of use of the "member services" during my time with them.  What I did appreciate was the friendly small-town customer service, low fees or no fees or charges for things like money orders, statements or bank checks.  That all changed when Lake Trust took over last year.  Their fee schedule now rivals that of any of the "big mean banks" with $10 bank checks, $5 - $15 transfer fees from checking, and $29 overdraft fees for even a few cents.  Programs they used to have in place to help their customers work through financial issues are a thing of the past.  While the branch customer service remains friendly, woe be unto you if you have to deal with anyone at the main branch.  I see all these credit union commercials all the time about how you're a "member" not a "number".  I can tell you that I most assuredly was nothing more than a number to Lake Trust and I have heard similar statements from other customers.  As a matter of fact, when I opened my account in 2001, it was on the recommendation of several co-workers and friends.  I am the only one left - everyone else moved to other credit unions or banks years ago.

Lake Trust Is Crap At Best

Posted by: Andyman31 | Jan 21, 2016

To anyone who reads these reviews take my advise and take your money else where. Never have i been fed more BS and felt more insulted as a customer than i have at this bogus institution. They could really grow their bottom line tremendously if they didnt have all the BS practices going on and got rid of a select few non-business minded fools employed with them. I own a business myself and NEVER would i allow customers to be treated in a mannor that Lake Trust would allow. Im gald i could learn this about them over a smaller ammount of money, before it involved any real money. I will soon be closing my accounts, taking my money and Onwards and upwards without them!!!



Health Grade Components

NCUA #62047
Year Chartered1944
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.66%
Annual Interest Income$44.4MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.75B$1.63B
LoansQ3 2016vs Q3 2015$1.37B$1.23B
DepositsQ3 2016vs Q3 2015$1.52B$1.43B
Equity CapitalQ3 2016vs Q3 2015$175.5MM$170.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$15.5MM$15.0MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$10.5MM$11.9MM
Real Estate OwnedQ3 2016vs Q3 2015$370.00K$2.1MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lake Trust Credit Union Savings Account Rates

0.05%--Primary Savings
0.05%--Holiday Savings
0.05%--Roth IRA Savings
0.05%--IRA Savings
0.05%--Education IRA Savings
0.05%--Non Personal Savings

Lake Trust Credit Union Money Market Rates

0.25%*$50k*-Money Market Plus
OTHER TIERS: 0.05% Up to $50k
0.20%*$50k*-Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.15% $10k - $50k
0.15%*$100k*-Business Money Market
OTHER TIERS: 0.05% Up to $30k | 0.10% $30k - $100k
0.05%$1k-Money Market Checking

Lake Trust Credit Union Checking Account Rates

0.05%$5k-Business Interest Checking

Lake Trust Credit Union CD Rates

1.51%*$25k*-60 - 72 Months CD
OTHER TIERS: 1.41% $500 - $10k | 1.46% $10k - $25k
1.51%*$30k*-Business Over 60 Months CD
OTHER TIERS: 1.41% $500 - $12k | 1.46% $12k - $30k
1.31%*$25k*-48 - 59 Months CD
OTHER TIERS: 1.21% $500 - $10k | 1.26% $10k - $25k
1.31%*$30k*-Business 48 - 59 Months CD
OTHER TIERS: 1.21% $500 - $12k | 1.26% $12k - $30k
1.26%*$25k*-36 - 47 Months CD
OTHER TIERS: 0.90% $500 - $10k | 1.21% $10k - $25k
1.00%*$30k*-Business 36 - 47 Months CD
OTHER TIERS: 0.90% $500 - $12k | 0.95% $12k - $30k
0.85%*$25k*-24 - 35 Months CD
OTHER TIERS: 0.80% $500 - $25k
0.70%$50$2,5002 Year Select Saver CD
0.60%$500-12 - 23 Months CD
0.60%*$30k*-Business 24 - 35 Months CD
OTHER TIERS: 0.50% $500 - $12k | 0.55% $12k - $30k
0.45%$25-1 Year Save to Win CD
0.40%*$30k*-Business 12 - 23 Months CD
OTHER TIERS: 0.30% $500 - $12k | 0.35% $12k - $30k
0.30%*$25k*-6 - 11 Months CD
OTHER TIERS: 0.20% $500 - $10k | 0.25% $10k - $25k
0.30%$50$2,5001 Year Select Saver CD
0.30%*$30k*-Business 6 - 11 Months CD
OTHER TIERS: 0.20% $500 - $12k | 0.25% $12k - $30k
0.20%*$25k*-3 - 5 Months CD
OTHER TIERS: 0.10% $500 - $10k | 0.15% $10k - $25k
0.20%*$30k*-Business 3 - 5 Months CD
OTHER TIERS: 0.10% $500 - $12k | 0.15% $12k - $30k

Lake Trust Credit Union IRA Rates

1.51%*$25k*-60 - 72 Month IRA
OTHER TIERS: 1.41% $500 - $10k | 1.46% $10k - $25k
1.31%*$25k*-48 - 59 Month IRA
OTHER TIERS: 1.21% $500 - $10k | 1.26% $10k - $25k
1.26%*$25k*-36 - 47 Month IRA
OTHER TIERS: 0.90% $500 - $10k | 1.21% $10k - $25k
0.85%*$25k*-24 - 35 Month IRA
OTHER TIERS: 0.80% $500 - $25k
0.60%$500-12 - 23 Month IRA
0.30%*$25k*-6 - 11 Months IRA
OTHER TIERS: 0.20% $500 - $10k | 0.25% $10k - $25k
0.20%*$25k*-3 - 5 Months IRA
OTHER TIERS: 0.10% $500 - $10k | 0.15% $10k - $25k

Lake Trust Credit Union has 22 locations. Click to view all Lake Trust Credit Union locations.