Torch Lake Federal Credit Union is headquartered in Laurium and is the 221st largest credit union in the state of Michigan. It is also the 4,453rd largest credit union in the nation. It was established in 1955 and as of June of 2017, it had grown to 3 employees and 2,007 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||0.38%|
|Return on Equity - YTD||4.23%|
|Annual Interest Income||$133.00K|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$7.8MM$7.1MM|
|Loans||Q2 2017vs Q2 2016||$4.5MM$4.3MM|
|Deposits||Q2 2017vs Q2 2016||$7.0MM$6.4MM|
|Equity Capital||Q2 2017vs Q2 2016||$709.00K$682.00K|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$27.00K$27.00K|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$13.00K$11.00K|
|Real Estate Owned||Q2 2017vs Q2 2016||$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|