Lakeshore Federal Credit Union
Overview / Commentary
Lakeshore Federal Credit Union is headquartered in Muskegon and is the 173rd largest credit union in the state of Michigan. It is also the 2,942nd largest credit union in the nation. It was established in 1953 and as of June of 2018, it had grown to 5 employees and 2,787 members at 1 location. Lakeshore Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Lakeshore Federal Credit Union offers membership to those who live, worship, attend school, or work in, and businesses and legal entities located in Muskegon County, Michigan.
See current membership details
Health
B+
Data as of Q2 2018
Learn why bank health mattersAdditional 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. Lakeshore Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8709 |
| Year Chartered | 1953 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 4.3% |
| Annual Interest Income | $397.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $29.3MM$28.5MM |
| Loans | Q2 2018vs Q2 2017 | $11.2MM$11.3MM |
| Deposits | Q2 2018vs Q2 2017 | $25.0MM$24.2MM |
| Equity Capital | Q2 2018vs Q2 2017 | $4.2MM$4.1MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $50.00K$49.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $19.00K$50.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates
Rates for Lakeshore Federal Credit Union are currently being reviewed.
Locations
| Lakeshore Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2182 Lakeshore Dr | Muskegon, MI 49441-1414 |