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

Lakeshore Federal Credit Union is headquartered in Muskegon and is the 174th largest credit union in the state of Michigan. It is also the 2,951st largest credit union in the nation. It was established in 1953 and as of March of 2018, it had grown to 5 employees and 2,782 members at 1 location. Lakeshore Federal Credit Union's money market rates are 2X 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+
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
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD2.98%
Annual Interest Income$192.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$29.5MM$28.4MM
LoansQ1 2018vs Q1 2017$11.1MM$10.4MM
DepositsQ1 2018vs Q1 2017$25.1MM$24.1MM
Equity CapitalQ1 2018vs Q1 2017$4.2MM$4.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$51.00K$47.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$26.00K$36.00K
Real Estate OwnedQ1 2018vs Q1 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
0.90%*$50k*-Money Market Account
OTHER TIERS: 0.65% $2k - $20k | 0.80% $20k - $50k

Lakeshore Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-60 Month CD
2.47%$500-48 Month CD
2.32%$500-36 Month CD
2.02%$500-24 Month CD
2.02%$500-30 Month CD
1.76%$500-18 Month CD
1.66%$500-12 Month CD
1.36%$500-6 Month CD
Locations


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

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