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Lake Trust Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/26/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Overview / Commentary
www.laketrust.org
888-267-7200
4605 S Old Us Highway 23
Brighton, MI 48114

Lake Trust Credit Union is headquartered in Brighton and is the 8th largest credit union in the state of Michigan. It is also the 175th largest credit union in the nation. It was established in 1944 and as of September of 2024, it had grown to 474 employees and 178,606 members at 23 locations. Lake Trust Credit Union's money market rates are 8X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Lake Trust Credit Union is open to anyone who lives, works, worships, or attends school in Michigan.
See current membership details

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Reviews (1)

DO NOT Trust Lake Trust

Posted by: |

I wish I could give them negative stars. I had a savings account with Lake Trust. I was saving the money and not touching it. I got a letter yesterday letting me know they escheated the funds to the state of Michigan. I called and they said that because I haven't touched the funds in 3 years, they "BY LAW' have to send them to the state of Michigan and now I have to go to the states unclaimed property and claim it before they liquidate the funds. THEY LIED AND ITS NOT MANDATORY. If you plan to save any money and tuck it away DO NOT USE LAKE TRUST....

1


Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #62047
Year Chartered1944
Employees474
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD5.02%
Annual Interest Income$85.1MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$2.64B$2.58B
LoansQ3 2024vs Q3 2023$1.96B$1.89B
DepositsQ3 2024vs Q3 2023$2.28B$2.3B
Equity CapitalQ3 2024vs Q3 2023$239.3MM$208.1MM
Loan Loss AllowanceQ3 2024vs Q3 2023$21.7MM$21.4MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$20.4MM$16.2MM
Real Estate OwnedQ3 2024vs Q3 2023$17K$139K
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/26/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Rates
Skip to rates for:
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Always verify rates and promotions with the bank or credit union. We are not Lake Trust Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$0$5kAspire Savings
OTHER TIERS: 0.05% → $5k+
0.05%$0-Membership Savings
0.05%$0-Holiday Savings
0.05%$0-Business Savings
0.05%$0-Special Savings
0.05%$0-Youth Membership Savings

Lake Trust Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%*$5m*-Business Money Market Premium
OTHER TIERS: 0.01% → $0 - $100k | 1.75% → $100k - $250k | 2.00% → $250k - $500k | 2.50% → $500k - $750k | 3.00% → $750k - $1m | 3.25% → $1m - $2.5m | 3.51% → $2.5m - $5m
3.51%*$1m*-Money Market Premium
OTHER TIERS: 0.01% → $0 - $25k | 1.00% → $25k - $50k | 1.50% → $50k - $100k | 1.75% → $100k - $250k | 2.25% → $250k - $500k | 2.75% → $500k - $750k | 3.25% → $750k - $1m
1.75%*$100k*-Money Market Savings Plus
OTHER TIERS: 0.05% → $0 - $50k | 1.50% → $50k - $100k
1.06%*$75k*-Money Market Savings
OTHER TIERS: 0.05% → $0 - $4k | 0.85% → $4k - $10k | 1.00% → $10k - $75k
1.06%*$100k*-Business Money Market Savings
OTHER TIERS: 0.05% → $0 - $2k | 0.80% → $2k - $10k | 1.00% → $10k - $100k
0.10%$1k-Money Market Checking

Lake Trust Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$5k-Business Interest Checking

Lake Trust Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-13 Month CD Plus
4.25%$500-Business 13 Month CD Plus
4.15%$500-7 Month CD Plus
4.15%$500-Business 7 Month CD Plus
4.00%*$12k*-Municipal/Government 12 Month CD
OTHER TIERS: 3.40% → $500 - $12k
3.89%*$10k*-6 - 11 Month CD
OTHER TIERS: 3.04% → $500 - $4k | 3.25% → $4k - $10k
3.89%*$30k*-Business 6 - 11 Month CD
OTHER TIERS: 3.04% → $500 - $12k | 3.25% → $12k - $30k
3.75%*$10k*-12 - 23 Month CD
OTHER TIERS: 3.40% → $500 - $4k | 3.66% → $4k - $10k
3.75%*$12k*-Business 12 - 23 Month CD
OTHER TIERS: 3.40% → $500 - $12k
3.61%*$30k*-Business 36 - 47 Month CD
OTHER TIERS: 3.20% → $500 - $12k | 3.35% → $12k - $30k
3.45%*$100k*-60 - 72 Month CD
OTHER TIERS: 3.25% → $500 - $10k | 3.40% → $10k - $100k
3.45%*$30k*-Business 60 - 72 Month CD
OTHER TIERS: 3.25% → $500 - $12k | 3.40% → $12k - $30k
3.40%*$10k*-3 - 5 Month CD
OTHER TIERS: 2.48% → $500 - $4k | 2.73% → $4k - $10k
3.40%*$100k*-48 - 59 Month CD
OTHER TIERS: 2.99% → $500 - $10k | 3.14% → $10k - $100k
3.40%*$12k*-Business 3 - 5 Month CD
OTHER TIERS: 2.48% → $500 - $12k
3.40%*$30k*-Business 48 - 59 Month CD
OTHER TIERS: 2.99% → $500 - $12k | 3.14% → $12k - $30k
3.39%*$10k*-24 - 35 Month CD
OTHER TIERS: 3.14% → $500 - $10k
3.39%*$12k*-Business 24 - 35 Month CD
OTHER TIERS: 3.14% → $500 - $12k
3.35%*$10k*-36 - 47 Month CD
OTHER TIERS: 3.20% → $500 - $10k
2.99%$50$10k2 Year Aspire CD
2.89%$25-Save to Win CD

Lake Trust Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-13 Month IRA CD Plus
4.15%$500-7 Month IRA CD Plus
3.93%*$100k*-12 - 23 Month IRA
OTHER TIERS: 3.40% → $500 - $4k | 3.66% → $4k - $10k | 3.75% → $10k - $100k
3.89%*$10k*-6 - 11 Month IRA
OTHER TIERS: 3.04% → $500 - $4k | 3.25% → $4k - $10k
3.45%*$100k*-60 - 72 Month IRA
OTHER TIERS: 3.25% → $500 - $10k | 3.40% → $10k - $100k
3.40%*$10k*-3 - 5 Month IRA
OTHER TIERS: 2.48% → $500 - $4k | 2.73% → $4k - $10k
3.40%*$100k*-48 - 59 Month IRA
OTHER TIERS: 2.99% → $500 - $10k | 3.14% → $10k - $100k
3.39%*$10k*-24 - 35 Month IRA
OTHER TIERS: 3.14% → $500 - $10k
3.35%*$10k*-36 - 47 Month IRA
OTHER TIERS: 3.20% → $500 - $10k
Locations

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Detroit Area

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