LAFCU is headquartered in Lansing and is the 23rd largest credit union in the state of Michigan. It is also the 428th largest credit union in the nation. It was established in 1936 and as of September of 2020, it had grown to 122 employees and 68,475 members at 10 locations. LAFCU has an A health rating.
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
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.
Overall | |
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NCUA # | 68632 |
Year Chartered | 1936 |
Employees | 122 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.66% |
Return on Equity - YTD | 5.98% |
Annual Interest Income | $22.7MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $836.9MM$735.4MM |
Loans | Q3 2020vs Q3 2019 | $601.9MM$555.0MM |
Deposits | Q3 2020vs Q3 2019 | $722.6MM$627.4MM |
Equity Capital | Q3 2020vs Q3 2019 | $92.1MM$86.7MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $4.8MM$3.9MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $4.5MM$4.4MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $203.00K$99.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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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 |
Charlotte Branches | ||
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Branch Office | 1553 Lansing Rd | Charlotte, MI 48813 |
Corunna Branches | ||
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Branch Office | 2665 E M 21 | Corunna, MI 48817 |
Dewitt Branches | ||
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Branch Office | 12850 S US HIGHWAY 27 | Dewitt, MI 48820-8387 |
Eaton Rapids Branches | ||
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Branch Office | 1505 Kyle St | Eaton Rapids, MI 48827 |
Lansing Branches | ||
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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 | ||
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Branch Office | 750 N Cedar St | Mason, MI 48854 |
Owosso Branches | ||
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Branch Office | 1720 W M 21 | Owosso, MI 48867 |
Saint Johns Branches | ||
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Branch Office | 2317 S US Highway 27 | Saint Johns, MI 48879 |