Lakeshore Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.02%	5-year CD	60 Month CD 2.25% - Ally Bank High Yield 5 Year CD
0.85%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.10%	Savings	Savings Account 1.30% - Goldman Sachs Bank USA Online Savings

View all Lakeshore Federal Credit Union rates »

Overview / Commentary

www.lakeshorefcu.com

231-755-1202

2182 Lakeshore Dr
Muskegon, MI 49441-1414

Lakeshore Federal Credit Union is headquartered in Muskegon and is the 176^th largest credit union in the state of Michigan. It is also the 3,004^th largest credit union in the nation. It was established in 1953 and as of June of 2017, it had grown to 5 employees and 2,844 members at 1 location. Lakeshore Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, worship, attend school, or work in, and businesses and legal entities located in Muskegon County, Michigan.
See current membership details

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Health

B+

Data as of Q2 2017

Learn why bank health matters

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 Chartered	1953
Employees	5
Primary Regulator

Profit Margin
Return on Assets - YTD	0.36%
Return on Equity - YTD	2.46%
Annual Interest Income	$349.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$28.5MM$26.9MM
Loans	Q2 2017vs Q2 2016	$11.3MM$10.7MM
Deposits	Q2 2017vs Q2 2016	$24.2MM$22.7MM
Equity Capital	Q2 2017vs Q2 2016	$4.1MM$4.1MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$49.00K$53.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$50.00K$22.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

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Savings
Money Market
CD

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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

APY	MIN	MAX	ACCOUNT NAME
0.10%	-	-	Savings Account
0.10%	-	-	Christmas Club Account
0.10%	-	-	Vacation Savings Account

Lakeshore Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.35% → $2k - $20k \| 0.45% → $20k - $50k

Lakeshore Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$500	-	60 Month CD
1.71%	$500	-	48 Month CD
1.51%	$500	-	36 Month CD
1.21%	$500	-	24 Month CD
1.21%	$500	-	30 Month CD
0.85%	$500	-	12 Month CD
0.85%	$500	-	18 Month CD
0.70%	$500	-	6 Month CD

Locations

Lakeshore Federal Credit Union Locations
Branch Office	2182 Lakeshore Dr	Muskegon, MI 49441-1414