LAKES

Headquarters

106 RICKEY RD
Monticello, IN 47960
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Lakes is an NCUA insured institution located in Monticello, IN. It was founded in 1956 and has approximately $20.83 millions in assets.

NCUA Insured Yes
Charter Number # # 10772
Date Established 1956
Assets $20.83 million
Loans $10.53 million
Deposits $18.22 million
Capital $2.41 million
 

Deposit Rates - December 5, 2020

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Lakes

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Loan Rates - December 5, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LAKES

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



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.558% 2.500% 0.75 $1,905 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to LAKES
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Branches

Below are Lakes 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:
Fairfield,Connecticut


Lakes Locations


Financial Details

Lakes Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lakes. 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
Lakes U.S. Average
5.09% 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, Lakes had $126,325 in non-current loans and $0 in owned assets. To cover these potential losses it had $2,411,043 in net worth and $69,154 in loans loss reserves. That gives it a Texas Ratio of 5.09%.

Net Worth
Lakes U.S. Average
11.57% 13.61%

Lakes FCU has a net worth of 11.57% 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 Lakes

Branches and Savings

What is Lakes?

A federal credit union, registered with the NCUA under certificate #10772.
Learn more about credit unions here.

Is Lakes 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 Lakes?

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

What are Lakes's share account and share certificate rates?

Lakes'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 Lakes?

Lakes has total capital of $2.41 million. Full information on Lakes's financial position is located above.

Who owns Lakes?

Credit Unions are owned by their members.

Where are Lakes branches located?

See branch locations nearby.

Are Lakes ATMs Open 24/7?

Do Lakes ATMs accept cash deposits?

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

Does Lakes have a mobile app?

Does Lakes have mobile deposit?

Does Lakes have quick pay?

How can Lakes transfer money to other banks or credit unions?

Does Lakes report to credit bureaus?

Does Lakes use Chexsystems?

Does Lakes use Equifax?

What is Lakes's toll free phone number?

What is Lakes's ACH Routing Number?

What is Lakes's SWIFT code?

Where can I find Lakes's wire transfer form?

What is the Lakes address for deposits?

What Products Does Lakes Offer

Does Lakes offer mortgages?

Compare mortgage rates here.

Does Lakes offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lakes offer auto and RV loans?

Compare auto loan rates here.

Does Lakes offer student loans or personal loans?

Compare personal loan rates here.

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