Torch Lake Federal Credit Union is headquartered in Laurium and is the 213th largest credit union in the state of Michigan. It is also the 4,322nd largest credit union in the nation. It was established in 1955 and as of March of 2018, it had grown to 3 employees and 1,844 members at 3 locations. Torch Lake Federal Credit Union has a B health rating.
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
|Return on Assets - YTD||0.9%|
|Return on Equity - YTD||9.74%|
|Annual Interest Income||$71.00K|
|Assets and Liabilities|
|Assets||Q1 2018vs Q1 2017||$8.2MM$7.8MM|
|Loans||Q1 2018vs Q1 2017||$4.3MM$4.4MM|
|Deposits||Q1 2018vs Q1 2017||$7.4MM$7.1MM|
|Equity Capital||Q1 2018vs Q1 2017||$739.00K$699.00K|
|Loan Loss Allowance||Q1 2018vs Q1 2017||$22.00K$28.00K|
|Unbacked Noncurrent Loans||Q1 2018vs Q1 2017||$22.00K$33.00K|
|Real Estate Owned||Q1 2018vs Q1 2017||$0$0|
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.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.05%||$25||-||Share Savings Account|
|Torch Lake Federal Credit Union Locations|
|Branch Office||400 Hecla St||Laurium, MI 49913|
|Branch Office||2091 Springdale Rd||Cherry Hill, NJ 08003|
|Branch Office||680 E Swedesford Rd||Wayne, PA 19087-1605|