Lake Trust Credit Union
Headquarters
4605 S Old Us Highway 23
Brighton, MI 48114
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2024 Overview
General Credit Union Information
Lake Trust is an NCUA insured institution located in Brighton, MI. It was founded in 1944 and has approximately $2596.79 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 / State-Chartered |
| Charter Number # | # 62047 |
| Date Established | 1944 |
| Assets | $2,596.79 million |
| Loans | $1,921.14 million |
| Deposits | $2,278.95 million |
| Capital | $276.79 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 - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.05% | $10,000 | $14,999 |
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|
|
Money Market
|
0.05% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Lake Trust
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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:
Columbus,Ohio
Climate Policy and Initiatives
LAKE TRUST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 4.70% | 6.97 |
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 December 31, 2023, Lake Trust had $13,930,776 in non-current loans and $42,105 in owned assets. To cover these potential losses it had $276,790,657 in net worth and $20,430,115 in loans loss reserves. That gives it a Texas Ratio of 4.70%.
Net Worth
| Lake Trust | U.S. Average |
|---|---|
| 10.65% | 13.62% |
Lake Trust FCU has a net worth of 10.65% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Lake Trust
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