Lake Superior Credit Union

Overview / Commentary
801 River St
Ontonagon, MI 49953-1620

Lake Superior Credit Union is headquartered in Ontonagon and is the 199th largest credit union in the state of Michigan. It is also the 4,230th largest credit union in the nation. It was established in 1959 and as of June of 2020, it had grown to 4 employees and 1,236 members at 1 location. Lake Superior Credit Union has a C+ health rating.

Field of Membership Restrictions

Lake Superior Credit Union is open to those who love or work in Ontonagon County.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Lake Superior Credit Union has a very low asset base.

Health Grade Components

NCUA #65085
Year Chartered1959
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD8.54%
Annual Interest Income$106.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$7.6MM$6.6MM
LoansQ2 2020vs Q2 2019$3.9MM$3.6MM
DepositsQ2 2020vs Q2 2019$7.0MM$6.1MM
Equity CapitalQ2 2020vs Q2 2019$585.00K$530.00K
Loan Loss AllowanceQ2 2020vs Q2 2019$18.00K$24.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$46.00K$36.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lake Superior Credit Union Savings Account Rates

0.25%*$2.5k*-17 Sub-Account
OTHER TIERS: 0.15% Up to $1k | 0.20% $1k - $2.5k
0.15%$5-Regular Savings Account
0.15%--Christmas Club Account
0.15%--01 Sub-Account
0.15%--02 Sub-Account

Lake Superior Credit Union CD Rates

0.25%$500-6 Month CD
0.25%$500-12 to 60 Month CD
0.15%$500-3 Month CD

Lake Superior Credit Union Locations
Branch Office801 River StOntonagon, MI 49953-1620

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