Overview / Commentary
231-755-1202
2182 Lakeshore Dr
Muskegon, MI 49441-1414

Lakeshore Federal Credit Union is headquartered in Muskegon and is the 172nd largest credit union in the state of Michigan. It is also the 2,964th largest credit union in the nation. It was established in 1953 and as of September of 2018, it had grown to 6 employees and 2,754 members at 1 location. Lakeshore Federal Credit Union's money market rates are 3X the national average, and it 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.
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Health
B+
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. Lakeshore Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #8709
Year Chartered1953
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD4.7%
Annual Interest Income$611.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$28.3MM$28.5MM
LoansQ3 2018vs Q3 2017$11.0MM$11.6MM
DepositsQ3 2018vs Q3 2017$24.1MM$24.1MM
Equity CapitalQ3 2018vs Q3 2017$4.3MM$4.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$48.00K$54.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$13.00K$122.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lakeshore Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Savings Account
0.10%--Christmas Club Account
0.10%--Vacation Savings Account

Lakeshore Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%*$50k*-Money Market Account
OTHER TIERS: 1.01% $2k - $20k | 1.11% $20k - $50k

Lakeshore Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$500-60 Month CD
2.78%$500-48 Month CD
2.52%$500-36 Month CD
2.27%$500-24 Month CD
2.27%$500-30 Month CD
2.02%$500-12 Month CD
2.01%$500-18 Month CD
1.76%$500-6 Month CD

Lakeshore Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%$500-60 Month IRA
2.78%$500-48 Month IRA
2.52%$500-36 Month IRA
2.27%$500-24 Month IRA
2.27%$500-30 Month IRA
2.02%$500-12 Month IRA
2.01%$500-18 Month IRA
1.76%$500-6 Month IRA
Locations


Lakeshore Federal Credit Union Locations
Branch Office2182 Lakeshore DrMuskegon, MI 49441-1414

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