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Featured Accounts

Lake Trust Credit Union

Popular Accounts at this Credit Union

1.87%5-year CD60 - 72 Months CD
0.55%1-year CD1 Year Save to Win CD
0.05%SavingsPrimary 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 128th largest credit union in the nation. It was established in 1944 and as of March of 2017, it had grown to 386 employees and 177,724 members at 21 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.
See current membership details

Related Posts

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You Can Trust Laketrust

I am very pleased that I switched my accounts to Lake Trust Credit Union. They are very friendly, helpful and provided me a wide range of services. I started with their "Easy Checking" account and a savings account. I had no credit history and also opened a secured credit card account. Once I build up my credit rating they helped me purchase my first house with a Home Equity Loan. They have a excellent on line service that you can use to view statement and transactions, transfer money and many other service. They also allow linking for your accounts to Mint.com that I find incredibly useful.

They have a number of branches that are very convenient to me and every time I had to use their counter services, the wait is not very long, the staff were very friendly and courteous.

Best of all, they are member owned, serve people not profit and unlike regular banks are not out to make as much off you as they can!

I highly recommend Lake Trust Credit Union for all you financial needs

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.

Great Bank

Lake Trust Credit Union is a great bank! Every time I need to make a transaction they are so friendly and efficient. I also sometimes use the drive through and the tellers there are also quick and polite. I have the Lake Trust App on my phone which allows me to make deposits immediately and also use the full version of the website to transfer money and track my accounts. I have both a checking and savings account with the bank which I first opened through their safari kids program as a child. I have never had a negative transaction or experience with the bank and communication is never an issue. Overall, I would highly recommend this bank to anyone looking to save or invest.



Health Grade Components

NCUA #62047
Year Chartered1944
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.12%
Annual Interest Income$15.0MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.84B$1.74B
LoansQ1 2017vs Q1 2016$1.37B$1.29B
DepositsQ1 2017vs Q1 2016$1.61B$1.52B
Equity CapitalQ1 2017vs Q1 2016$177.5MM$173.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$15.2MM$15.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$8.3MM$8.7MM
Real Estate OwnedQ1 2017vs Q1 2016$554.00K$2.0MM
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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

1.87%*$25k*-60 - 72 Months CD
OTHER TIERS: 1.76% $500 - $10k | 1.81% $10k - $25k
1.87%*$25k*-Business 60 - 72 Months CD
OTHER TIERS: 1.76% $500 - $10k | 1.81% $10k - $25k
1.56%*$25k*-48 - 59 Months CD
OTHER TIERS: 1.51% $500 - $25k
1.56%*$25k*-Business 48 - 59 Months CD
OTHER TIERS: 1.51% $500 - $25k
1.46%*$25k*-36 - 47 Months CD
OTHER TIERS: 1.31% $500 - $10k | 1.41% $10k - $25k
1.46%*$25k*-Business 36 - 47 Months CD
OTHER TIERS: 1.31% $500 - $10k | 1.41% $10k - $25k
1.26%*$25k*-24 - 35 Months CD
OTHER TIERS: 1.21% $500 - $25k
1.25%*$25k*-Business 24 - 35 Months CD
OTHER TIERS: 1.21% $500 - $25k
1.00%$50-2 Year Aspire CD
0.70%$500-12 - 23 Months CD
0.70%$500-Business 12 - 23 Months CD
0.70%$50$2,500Business 2 Year Select Saver CD
0.55%$25-1 Year Save to Win CD
0.55%$25-Business 1 Year Save to Win CD
0.40%*$25k*-6 - 11 Months CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.40%*$25k*-Business 6 - 11 Months CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.30%$50$2,500Business 1 Year Select Saver CD
0.25%*$25k*-3 - 5 Months CD
OTHER TIERS: 0.15% $500 - $10k | 0.20% $10k - $25k
0.25%*$25k*-Business 3 - 5 Months CD
OTHER TIERS: 0.15% $500 - $10k | 0.20% $10k - $25k

Lake Trust Credit Union IRA Rates

1.87%*$25k*-60 - 72 Month IRA
OTHER TIERS: 1.76% $500 - $10k | 1.81% $10k - $25k
1.56%*$25k*-48 - 59 Month IRA
OTHER TIERS: 1.51% $500 - $25k
1.46%*$25k*-36 - 47 Month IRA
OTHER TIERS: 1.31% $500 - $10k | 1.41% $10k - $25k
1.26%*$25k*-24 - 35 Month IRA
OTHER TIERS: 1.21% $500 - $25k
1.16%$500-Business 18 Month IRA CD Plus
0.70%$500-12 - 23 Month IRA
0.40%*$25k*-6 - 11 Months IRA
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.25%*$25k*-3 - 5 Months IRA
OTHER TIERS: 0.15% $500 - $10k | 0.20% $10k - $25k

Lake Trust Credit Union has 21 locations. Click to view all Lake Trust Credit Union locations.