Torch Lake Federal Credit Union

Our records indicate that this credit union has been acquired by PENINSULA.

Headquarters

50 3rd St
Laurium, MI 49913
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Notable Rates	APY	Vs.Others
Savings	0.05%	4.60% →
1-Year CD	0.30%	4.59% →
2-Year CD	0.40%	4.00% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2025 Overview

General Credit Union Information

Torch Lake is an NCUA insured institution located in Laurium, MI. It was founded in 1955 and has approximately $11.23 millions in assets.


NCUA Insured	Yes / Federally Chartered
Charter Number #	# 10099
Date Established	1955
Assets	$11.23 million
Loans	$3.89 million
Deposits	$10.39 million
Capital	$0.81 million

Deposit Rates - December 14, 2025

Your Current Location: Mississippi, MS 10007

Savings and Money Market Rates (Share Account Rates)	APY	MIN	MAX
Savings	0.05%	$2,500	$4,999	Learn More Reviews

CD Rates (Share Certificate Rates)	APY	MIN	MAX
12 Mo CD	0.30%	$10,000	$14,999	Learn More Reviews
12 Mo CD	0.30%	$100,000	$199,999	Learn More Reviews
18 Mo CD	0.40%	$10,000	$14,999	Learn More Reviews
18 Mo CD	0.40%	$100,000	$199,999	Learn More Reviews
24 Mo CD	0.40%	$10,000	$14,999	Learn More Reviews
24 Mo CD	0.40%	$100,000	$199,999	Learn More Reviews

Loan Rates - December 14, 2025

Your Current Location: Mississippi, MS 10007

There are currently no loan rates available for Torch Lake

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

Featured - Mississippi 30 Year Fixed Mortgage Rates 2025

Lender	APR	Rate (%)	Points	Fees	Monthly Payment	Learn More
NMLS ID: 1907	0.000%	0.000%	0.00	$0	$0	Learn More
NMLS ID: 1025894	6.353%	6.250%	0.88	$3,503	$1,971	Learn More
NMLS ID: 491986						Learn More
NMLS ID: 1907						Learn More

See More Mortgage Rates →

Featured - Mississippi Home Equity Line Of Credit Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Quicken Loans See Table	0.000 %	$0	Learn More More Info
Ready to access funds? Homeowners’ best kept secret for cash. Access equity on YOUR terms. It costs $0 to see how much you could get with a lender Homeowners best kept secret for cash No second mortgage needed Keep the low rate you already have It costs $0 to check your options with lenders
Upstart Home Lending See Table	Intro APR 6.520 % After Intro: 6.520 %	$20,800	Learn More More Info
1. Upstart Mortgage offers HELOCs from $26K-$250K. An initial draw of 80% of the approved credit limit is required at account opening. 2. Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of July 2025. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate ("APR") is variable and based on the Prime Rate as published in the Wall Street Journal "Money Rates" table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required. 3. All mortgage lending conducted by Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873 As low as 6.52% APR on your initial draw* Get your money up to 10x faster than the industry standard Fixed rate on each draw No paperwork needed to apply
Figure Home Equity See Table	Intro APR 6.850 % After Intro: 6.850 %	$15,000	Learn More More Info
Available APRs range from 6.35% - 14.90%*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states.(the advertised APR includes a combined 0.25% discount for opting into a credit union membership (0%) and enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Rates change frequently so your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw, depending on the state in which your property is located and your credit profile. You may also be responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone. Flexible terms, borrow $15K-$750K, redraw up to 100% Use to consolidate debt or finance your next home project 100% digital app & automated valuation Largest non-bank HELOC lender in the US
Valley Strong Credit Union See Table	Intro APR 6.850 % After Intro: 6.850 %	$15,000	Learn More More Info
Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day closing assumes closing the loan with our remote online notary. Closing timelines will be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Get your offer in 5 minutes and funding in as few as 5 days Personalized banking solutions to help reach your financial goals Up to $400K Terms of 10,15, or 30 years

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Note to Torch Lake
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Branches

Below are Torch Lake 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:
Picayune,Mississippi

Torch Lake Locations around zip code 10007

Branch	Distance	Map	View Lobby Hours
Sungard	1003.06	A	View Lobby Hours
Open Solutions	1013.99	B	View Lobby Hours
Torch Lake Federal Credit Union	1156.29	C	View Lobby Hours

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Climate Policy and Initiatives

TORCH LAKE 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

Torch Lake Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Torch Lake. 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

Torch Lake	U.S. Average
6.37%	5.63

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, 2025, Torch Lake had $47,323 in non-current loans and $5,526 in owned assets. To cover these potential losses it had $812,441 in net worth and $17,047 in loans loss reserves. That gives it a Texas Ratio of 6.37%.

Net Worth

Torch Lake	U.S. Average
7.24%	14.29%

Torch Lake FCU has a net worth of 7.24% versus the BestCashCow average of 14.29. 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 Torch Lake

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