Lake Trust Credit Union is headquartered in Brighton and is the 8th largest credit union in the state of Michigan. It is also the 173rd largest credit union in the nation. It was established in 1944 and as of March of 2025, it had grown to 480 employees and 181,557 members at 23 locations. Lake Trust Credit Union's money market rates are 8X the national average, and it has a B+ health rating.
Membership in Lake Trust Credit Union is open to anyone who lives, works, worships, or attends school in Michigan.
See current membership details
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....
Overall | |
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NCUA # | 62047 |
Year Chartered | 1944 |
Employees | 480 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.49% |
Return on Equity - YTD | 5.36% |
Annual Interest Income | $30.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $2.68B$2.67B |
Loans | Q1 2025vs Q1 2024 | $2B$1.92B |
Deposits | Q1 2025vs Q1 2024 | $2.38B$2.32B |
Equity Capital | Q1 2025vs Q1 2024 | $245.5MM$221.6MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $21.9MM$21.3MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $19.7MM$15.9MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $17K$245K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $5k | - | Business Interest Checking |