Brighton, MI 48114
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Notable Rates APY Vs.Others
Savings 0.05% 1.00% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 0.95% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Lake Trust is an NCUA insured institution located in Brighton, MI. It was founded in 1944 and has approximately $1978.38 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.

St. Clair

NCUA Insured Yes
Charter Number # # 62047
Date Established 1944
Assets $1,978.38 million
Loans $1,553.64 million
Deposits $1,731.56 million
Capital $205.51 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 - September 29, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
30 Mo CD
0.65% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 29, 2020

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.817% 2.750% 0.50 $2,188 $1,021 Learn More
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,110 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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


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:

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
4.84% 6.71

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 March 30, 2020, Lake Trust had $10,605,940 in non-current loans and $144,889 in owned assets. To cover these potential losses it had $205,508,602 in net worth and $16,492,606 in loans loss reserves. That gives it a Texas Ratio of 4.84%.

Net Worth
Lake Trust U.S. Average
10.38% 13.61%

Lake Trust FCU has a net worth of 10.38% versus the BestCashCow average of 13.61. 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 $205.51 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.

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