Featured Savings Rates
Featured Accounts

Torch Lake Federal Credit Union

Popular Accounts at this Credit Union

0.30%1-year CD12 Month Share Certificate
0.05%SavingsShare Savings Account
0.40%2-year CD24 Month Share Certificate

Overview / Commentary
400 Hecla St
Laurium, MI 49913

Torch Lake Federal Credit Union is headquartered in Laurium and is the 227th largest credit union in the state of Michigan. It is also the 4,621st largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 3 employees and 2,060 members at 3 locations. Torch Lake Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Torch Lake Federal Credit Union is open to those who live, own property or work in the area from Dollar Bay to Copper Harbor in Michigan.
See current membership details


No reviews have been left for this bank yet. Be the first to review.

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. Torch Lake Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #10099
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD-0.37%
Return on Equity - YTD-3.81%
Annual Interest Income$116.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$7.1MM$7.2MM
LoansQ2 2016vs Q2 2015$4.3MM$4.1MM
DepositsQ2 2016vs Q2 2015$6.4MM$6.5MM
Equity CapitalQ2 2016vs Q2 2015$682.00K$696.00K
Loan Loss AllowanceQ2 2016vs Q2 2015$27.00K$20.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$11.00K$30.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Skip to rates for:
Report an Issue

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

Torch Lake Federal Credit Union Savings Account Rates

0.05%$25-Share Savings Account

Torch Lake Federal Credit Union CD Rates

0.40%$500-18 Month Share Certificate
0.40%$500-24 Month Share Certificate
0.30%$500-12 Month Share Certificate

Torch Lake Federal Credit Union Locations
Branch Office400 Hecla StLaurium, MI 49913
Branch Office2091 Springdale RdCherry Hill, NJ 08003
Branch Office680 E Swedesford RdWayne, PA 19087-1605