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LAFCU


Overview / Commentary
517-622-6600
106 N Marketplace Blvd
Lansing, MI 48917-7753

LAFCU is headquartered in Lansing and is the 21st largest credit union in the state of Michigan. It is also the 427th largest credit union in the nation. It was established in 1936 and as of March of 2019, it had grown to 127 employees and 65,229 members at 10 locations. LAFCU's CD rates are 2X 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

Related Posts

Cd Rate Drop On 60 Month To 3.10APY - 6/14/2019

cd rate drop on 60 month to 3.10APY

LAFCU (MI) Offers 60-Month Jumbo CD (3.50% APY) Statewide - 5/2/2019

LAFCU (Michigan) is offering a 60-month Jumbo Term Share Certificate (3.50% APY) statewide. The minimum opening deposit is $10k. Also available as an IRA.

Reviews (1)

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.



Health

Health Grade Components

Overall
NCUA #68632
Year Chartered1936
Employees127
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.34%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$724.8MM$667.8MM
LoansQ1 2019vs Q1 2018$507.2MM$424.4MM
DepositsQ1 2019vs Q1 2018$621.2MM$584.9MM
Equity CapitalQ1 2019vs Q1 2018$81.9MM$73.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$3.8MM$3.6MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.1MM$2.5MM
Real Estate OwnedQ1 2019vs Q1 2018$38.00K$81.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Cd Rate Drop On 60 Month To 3.10APY

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cd rate drop on 60 month to 3.10APY

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Savings
OTHER TIERS: 0.05% $100 - $5k | 0.10% $5k - $20k | 0.15% $20k - $100k
0.20%*$100k*-Youth Savings
OTHER TIERS: 0.05% $5 - $5k | 0.10% $5k - $20k | 0.15% $20k - $100k
0.05%--Holiday Club
0.05%--Bill Pay Plus
0.05%--Loan Transfer
0.05%--Special Purpose

LAFCU Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-IRA Money Market
OTHER TIERS: 0.40% Up to $5k | 0.50% $5k - $20k | 0.55% $20k - $100k
0.60%*$100k*-HSA Money Market
OTHER TIERS: 0.40% Up to $5k | 0.50% $5k - $20k | 0.55% $20k - $100k
0.60%*$150k*-Money Market
OTHER TIERS: 0.40% $2.5k - $20k | 0.50% $20k - $100k | 0.55% $100k - $150k

LAFCU Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Regular Checking
OTHER TIERS: 0.05% $2.5k - $10k

LAFCU CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$10k-60 Month Jumbo Term Share Certificate
2.90%$10k-60 Month Jumbo HSA Certificate
2.75%$10k-48 Month Jumbo Term Share Certificate
2.75%$10k-48 Month Jumbo HSA Certificate
2.70%$500-60 Month Term Share Certificate
2.70%$500-60 Month HSA Certificate
2.65%$500-48 Month Term Share Certificate
2.65%$500-48 Month HSA Certificate
2.60%$10k-36 Month Jumbo Term Share Certificate
2.60%$10k-36 Month Jumbo HSA Certificate
2.50%$500-36 Month Term Share Certificate
2.50%$500-36 Month HSA Certificate
2.40%$10k-24 Month Jumbo Term Share Certificate
2.40%$10k-24 Month Jumbo HSA Certificate
2.30%$500-24 Month Term Share Certificate
2.30%$500-24 Month HSA Certificate
2.11%$10k-12 Month Jumbo Term Share Certificate
2.11%$10k-12 Month Jumbo HSA Certificate
2.00%$500-12 Month Term Share Certificate
2.00%$500-12 Month HSA Certificate
2.00%$50-12 Month Youth Share Certificate
1.00%$500-6 Month Term Share Certificate
1.00%$500-6 Month HSA Certificate
0.75%$500-3 Month Term Share Certificate
0.75%$500-3 Month HSA Certificate

LAFCU IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$10k-60 Month Jumbo IRA
2.75%$10k-48 Month Jumbo IRA
2.70%$500-60 Month IRA
2.65%$500-48 Month IRA
2.60%$10k-36 Month Jumbo IRA
2.50%$500-36 Month IRA
2.40%$10k-24 Month Jumbo IRA
2.30%$500-24 Month IRA
2.11%$10k-12 Month Jumbo IRA
2.00%$500-12 Month IRA
1.00%$500-6 Month IRA
0.75%$500-3 Month IRA
Locations


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

Charlotte Branches
Branch Office1553 Lansing RdCharlotte, MI 48813

Corunna Branches
Branch Office2665 E M 21Corunna, MI 48817

Dewitt Branches
Branch Office12850 S US HIGHWAY 27Dewitt, MI 48820-8387

Eaton Rapids Branches
Branch Office1505 Kyle StEaton Rapids, MI 48827

Lansing Branches
Branch Office106 N Marketplace BlvdLansing, MI 48917-7753
Branch Office1121 Keystone AveLansing, MI 48911
Branch Office4600 Collins RdLansing, MI 48910-5855

Mason Branches
Branch Office750 N Cedar StMason, MI 48854

Owosso Branches
Branch Office1720 W M 21Owosso, MI 48867

Saint Johns Branches
Branch Office2317 S US Highway 27Saint Johns, MI 48879

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.