LAKE TRUST

4605 S OLD US HIGHWAY 23
Brighton, MI 48114

Notable Rates APY Vs.Others
Savings 0.05% 2.25% →
1-Year CD 1.19% 2.25% →
2-Year CD 1.61% 2.50% →
5-Year CD 2.27% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Lake Trust is an NCUA insured institution located in Brighton, MI. It was founded in 1944 and has approximately $1937.84 millions in assets.

Who can join?

If you live, work, attend school, or worship within any of their 35 counties in Michigan, then you are eligible to join.

Allegan
Barry
Calhoun
Clare
Clinton
Eaton
Genesee
Gladwin
Gratiot
Hillsdale
Ingham
Ionia
Isabella
Jackson
Kalamazoo
Kent
Lenawee
Livingston
Macomb
Mecosta
Midland
Missaukee
Monroe
Montcalm
Muskegon
Oakland
Osceola
Ottawa
Roscommon
Saginaw
Shiawassee
St. Clair
VanBuren
Washtenaw
Wayne

NCUA Insured Yes
Charter Number # # 62047
Date Established 1944
Assets $1,937.84 million
Loans $1,473.05 million
Deposits $1,691.91 million
Capital $198.62 million
 

Field of Membership Restrictions

Membership in Lake Trust Credit Union is open to the following: (1) those who live, work, attend school or worship in Allegan, Barry, Calhoun, Clare, Clinton, Eaton, Genesee, Gladwin, Gratiot, Hillsdale, Ingham, Ionia, Isabella, Jackson, Kalamazoo, Kent, Lenawee, Livingston, Macomb, Mecosta, Midland, Missaukee, Monroe, Montcalm, Muskegon, Oakland, Osceola, Ottawa, Roscommon, Saginaw, St. Clair, Shiawassee, Van Buren, Washtenaw, or Wayne Counties in Michigan; (2) employees of the Utility Workers Union of America, AFL/CIO, Local No. 223, Dearborn, Michigan; (3) employees or retirees of the DTE Energy Company and its subsidiaries; (4) faculty, staff, students and alumni of the Thomas M. Cooley Law School in Lansing, Michigan; (5) employees and retirees of Michigan Grocers Association and Michigan Grocers Services Corporation; (6) anyone receiving retirement payments and live in the above counties or contiguous counties of the county of the credit union’s headquarters.

Deposit Rates - December 13, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.05% $1 $3,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 - Learn MoreShow Less
Premium Money Market Account
0.05% $1 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.19% $500 $9,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
0.35% $10,000 $24,999 Learn MoreShow Less
1.00% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
1.19% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
1.19% $10,000 $24,999 Learn MoreShow Less
1.61% $10,000 $24,999 Learn MoreShow Less
1.61% $10,000 $24,999 Learn MoreShow Less
1.71% $10,000 $24,999 Learn MoreShow Less
1.87% $10,000 $24,999 Learn MoreShow Less
2.27% $10,000 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - December 13, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for LAKE TRUST

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.625% 3.625% -0.13 ($222) $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
More Info

Note to LAKE TRUST
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Lake Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Lake Trust Locations


Financial Details

Lake Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lake Trust. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Lake Trust U.S. Average
3.12% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Lake Trust had $5,694,070 in non-current loans and $988,914 in owned assets. To cover these potential losses it had $198,622,715 in net worth and $15,333,959 in loans loss reserves. That gives it a Texas Ratio of 3.12%.

Net Worth
Lake Trust U.S. Average
10.24% 13.65%

Lake Trust FCU has a net worth of 10.24% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Lake Trust

Branches and Savings

What is Lake Trust?

A federal credit union, registered with the NCUA under certificate #62047.
Learn more about credit unions here.

Is Lake Trust FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Lake Trust?

Please see Field of Membership information above for information on who is eligible to join.

What are Lake Trust's share account and share certificate rates?

Lake Trust's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Lake Trust?

Lake Trust has total capital of $198.62 million. Full information on Lake Trust's financial position is located above.

Who owns Lake Trust?

Credit Unions are owned by their members.

Where are Lake Trust branches located?

See branch locations nearby.

Are Lake Trust ATMs Open 24/7?

Do Lake Trust ATMs accept cash deposits?

Can Lake Trust customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Lake Trust have a mobile app?

Does Lake Trust have mobile deposit?

Does Lake Trust have quick pay?

How can Lake Trust transfer money to other banks or credit unions?

Does Lake Trust report to credit bureaus?

Does Lake Trust use Chexsystems?

Does Lake Trust use Equifax?

What is Lake Trust's toll free phone number?

What is Lake Trust's ACH Routing Number?

What is Lake Trust's SWIFT code?

Where can I find Lake Trust's wire transfer form?

What is the Lake Trust address for deposits?

What Products Does Lake Trust Offer

Does Lake Trust offer mortgages?

Compare mortgage rates here.

Does Lake Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lake Trust offer auto and RV loans?

Compare auto loan rates here.

Does Lake Trust offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Lake Trust

There are currently no comments for Lake Trust. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →