Overview / Commentary
106 N Marketplace Blvd
Lansing, MI 48917

LAFCU is headquartered in Lansing and is the 23rd largest credit union in the state of Michigan. It is also the 422nd largest credit union in the nation. It was established in 1936 and as of June of 2021, it had grown to 123 employees and 69,974 members at 10 locations. LAFCU 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

Reviews (1)

LAFCU is My Credit Union for my life!

Posted by: |

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 Grade Components

NCUA #68632
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD9.26%
Annual Interest Income$15.4MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$926.8MM$837.9MM
LoansQ2 2021vs Q2 2020$622.9MM$583.5MM
DepositsQ2 2021vs Q2 2020$810.2MM$726.8MM
Equity CapitalQ2 2021vs Q2 2020$97.9MM$89.1MM
Loan Loss AllowanceQ2 2021vs Q2 2020$5.7MM$4.3MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$2.8MM$5.2MM
Real Estate OwnedQ2 2021vs Q2 2020$113.00K$231.00K
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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

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

0.25%*$100k*-IRA Money Market
OTHER TIERS: 0.15% Up to $5k | 0.20% $5k - $100k
0.25%*$100k*-HSA Money Market
OTHER TIERS: 0.15% Up to $5k | 0.20% $5k - $100k
0.25%*$150k*-Money Market
OTHER TIERS: 0.15% $2.5k - $20k | 0.20% $20k - $150k

LAFCU Checking Account Rates

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


1.05%$10k-60 Month Jumbo Term Share Certificate
1.05%$10k-60 Month Jumbo HSA Certificate
0.85%$10k-48 Month Jumbo Term Share Certificate
0.85%$500-60 Month Term Share Certificate
0.85%$10k-48 Month Jumbo HSA Certificate
0.85%$500-60 Month HSA Certificate
0.75%$10k-36 Month Jumbo Term Share Certificate
0.75%$500-48 Month Term Share Certificate
0.75%$10k-36 Month Jumbo HSA Certificate
0.75%$500-48 Month HSA Certificate
0.65%$500-36 Month Term Share Certificate
0.65%$500-36 Month HSA Certificate
0.60%$10k-24 Month Jumbo Term Share Certificate
0.60%$10k-24 Month Jumbo HSA Certificate
0.55%$500-24 Month Term Share Certificate
0.55%$500-24 Month HSA Certificate
0.45%$10k-12 Month Jumbo Term Share Certificate
0.45%$10k-12 Month Jumbo HSA Certificate
0.40%$500-12 Month Term Share Certificate
0.40%$500-12 Month HSA Certificate
0.40%$50-12 Month Youth Share Certificate
0.30%$500-6 Month Term Share Certificate
0.30%$500-6 Month HSA Certificate
0.15%$500-3 Month Term Share Certificate
0.15%$500-3 Month HSA Certificate


1.05%$10k-60 Month Jumbo IRA
0.85%$10k-48 Month Jumbo IRA
0.85%$500-60 Month IRA
0.75%$10k-36 Month Jumbo IRA
0.75%$500-48 Month IRA
0.65%$500-36 Month IRA
0.60%$10k-24 Month Jumbo IRA
0.55%$500-24 Month IRA
0.45%$10k-12 Month Jumbo IRA
0.40%$500-12 Month IRA
0.30%$500-6 Month IRA
0.15%$500-3 Month IRA

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

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