LAFCU

Overview / Commentary

www.lafcu.com

517-622-6600

106 N Marketplace Blvd
Lansing, MI 48917

LAFCU is headquartered in Lansing and is the 23^rd largest credit union in the state of Michigan. It is also the 433^rd largest credit union in the nation. It was established in 1936 and as of March of 2022, it had grown to 126 employees and 71,870 members at 10 locations. LAFCU's CD rates are 79% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in LAFCU is open to those who live, work, worship, attend school, or own a business in any Michigan county.
See current membership details

View all posts from:

2019

6/14 - Cd Rate Drop On 60 Month To 3.10APY
5/2 - LAFCU (MI) Offers 60-Month Jumbo CD Statewide

Reviews (2)

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LAFCU is My Credit Union for my life!

Posted by: snabdul | Apr 7, 2015

I have been banking with LAFCU for 15 years, almost half my lifetime. I enjoy banking with them, I have financed three cars through LAFCU, I have taken out numerous personal loans too. I love walking in and after more than a decade people remember me and call me by name.
There was a time in my life when I paid for my car with a jar of change, I has two jobs and struggled. The employees saw my struggle ad knew how hard I was trying in life. They never gave me a hard time about the change I used to pay my bill.
I am so thankful for them.
LAFCU has made it possible for me to raise my credit score and I even started an account for my oldest daughter, soon enough my baby will have an account there too.
I appreciate being appreciated and being treated like a person and not an account.
My older daughter already has plans to finance her first car with LAFCU in order to build her credit too.
I do not plan on leaving LAFCU . I am very happy with my treatment there and the service I have received for the past 15 years.

Comment

Need Phone Help

Posted by: Kennys | Jun 1, 2022

I love lafcu except for calling. There is no off time to call. If you call you will wait 25 30 minutes. They have a call back feature but you never know when they will call. I blame management for this, they need more people on the phones. I'm done calling its quicker to hit the branch office. Plus you don't have to listen to 30 minutes of ads and their over and over we will call you back. Lafcu is a good credit union but damn it they need help on the phones

Comment

Health

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68632
Year Chartered	1936
Employees	126
Primary Regulator

Profit Margin
Return on Assets - YTD	1.22%
Return on Equity - YTD	11.47%
Annual Interest Income	$8.6MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$960.3MM$915.6MM
Loans	Q1 2022vs Q1 2021	$676.8MM$603.6MM
Deposits	Q1 2022vs Q1 2021	$846.8MM$801.6MM
Equity Capital	Q1 2022vs Q1 2021	$101.2MM$95.6MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$6.1MM$5.1MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$5.1MM$2.3MM
Real Estate Owned	Q1 2022vs Q1 2021	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not LAFCU; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

LAFCU Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$5k^*	-	Savings
OTHER TIERS: 0.05% → $100 - $5k
0.10%^*	$5k^*	-	Youth Savings
OTHER TIERS: 0.05% → $5 - $5k
0.05%	-	-	Holiday Club
0.05%	-	-	Bill Pay Plus
0.05%	-	-	Loan Transfer
0.05%	-	-	Special Purpose

LAFCU Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$100k^*	-	IRA Money Market
OTHER TIERS: 0.10% → Up to $5k \| 0.15% → $5k - $100k
0.20%^*	$100k^*	-	HSA Money Market
OTHER TIERS: 0.10% → Up to $5k \| 0.15% → $5k - $100k
0.20%^*	$150k^*	-	Money Market
OTHER TIERS: 0.10% → $2.5k - $20k \| 0.15% → $20k - $150k

LAFCU Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$10k^*	-	Regular Checking
OTHER TIERS: 0.05% → $2.5k - $10k
0.10%^*	$10k^*	-	Business Premier Checking
OTHER TIERS: 0.05% → $2.5k - $10k

LAFCU CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.56%	$10k	-	60 Month Jumbo HSA Certificate
3.04%	$10k	-	60 Month Jumbo Term Share Certificate
3.04%	$10k	-	48 Month Jumbo HSA Certificate
2.78%	$10k	-	48 Month Jumbo Term Share Certificate
2.78%	$10k	-	36 Month Jumbo HSA Certificate
2.53%	$10k	-	36 Month Jumbo Term Share Certificate
2.53%	$500	-	60 Month HSA Certificate
2.27%	$500	-	60 Month Term Share Certificate
2.27%	$500	-	48 Month HSA Certificate
2.12%	$500	-	48 Month Term Share Certificate
2.02%	$10k	-	24 Month Jumbo Term Share Certificate
2.02%	$10k	-	24 Month Jumbo HSA Certificate
1.87%	$500	-	36 Month Term Share Certificate
1.61%	$10k	-	12 Month Jumbo Term Share Certificate
1.61%	$10k	-	12 Month Jumbo HSA Certificate
1.56%	$500	-	24 Month Term Share Certificate
1.56%	$500	-	36 Month HSA Certificate
1.36%	$500	-	12 Month Term Share Certificate
1.36%	$500	-	24 Month HSA Certificate
1.36%	$50	-	12 Month Youth Share Certificate
1.06%	$500	-	12 Month HSA Certificate
0.71%	$500	-	6 Month Term Share Certificate
0.71%	$500	-	6 Month HSA Certificate
0.45%	$500	-	3 Month Term Share Certificate
0.45%	$500	-	3 Month HSA Certificate

LAFCU IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.56%	$10k	-	60 Month Jumbo IRA
3.04%	$10k	-	48 Month Jumbo IRA
2.78%	$10k	-	36 Month Jumbo IRA
2.53%	$500	-	60 Month IRA
2.27%	$500	-	48 Month IRA
2.02%	$10k	-	24 Month Jumbo IRA
1.61%	$10k	-	12 Month Jumbo IRA
1.56%	$500	-	36 Month IRA
1.36%	$500	-	24 Month IRA
1.06%	$500	-	12 Month IRA
0.71%	$500	-	6 Month IRA
0.45%	$500	-	3 Month IRA

Locations

Cities: Charlotte, Corunna, Dewitt, Eaton Rapids, Lansing, Mason, Owosso, Saint Johns

Charlotte Branches
Branch Office	1553 Lansing Rd	Charlotte, MI 48813

Corunna Branches
Branch Office	2665 E M 21	Corunna, MI 48817

Dewitt Branches
Branch Office	12850 S US HIGHWAY 27	Dewitt, MI 48820-8387

Eaton Rapids Branches
Branch Office	1505 Kyle St	Eaton Rapids, MI 48827

Lansing Branches
Branch Office	106 N Marketplace Blvd	Lansing, MI 48917-7753
Branch Office	1121 Keystone Ave	Lansing, MI 48911
Branch Office	4600 Collins Rd	Lansing, MI 48910-5855

Mason Branches
Branch Office	750 N Cedar St	Mason, MI 48854

Owosso Branches
Branch Office	1720 W M 21	Owosso, MI 48867

Saint Johns Branches
Branch Office	2317 S US Highway 27	Saint Johns, MI 48879

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