Lake Trust Credit Union

Headquarters

4605 S Old Us Highway 23
Brighton, MI 48114
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Notable Rates	APY	Vs.Others
Savings	0.05%	5.50% →
1-Year CD	0.50%	4.65% →
2-Year CD	0.65%	4.25% →
5-Year CD	0.95%	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Membership
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

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 $2664.32 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	$2,664.32 million
Loans	$1,928.24 million
Deposits	$2,315.43 million
Capital	$283.08 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 23, 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	Learn More Reviews
Money Market	0.05%	$2,500	$2,999	Learn More Reviews
Money Market	0.05%	$10,000	$14,999	Learn More Reviews
Money Market	0.05%	$25,000	$29,999	Learn More Reviews

CD Rates (Share Certificate Rates)	APY	MIN	MAX
6 Mo CD	0.45%	$10,000	$14,999	Learn More Reviews
6 Mo CD	0.45%	$100,000	$199,999	Learn More Reviews
12 Mo CD	0.50%	$10,000	$14,999	Learn More Reviews
12 Mo CD	0.50%	$100,000	$199,999	Learn More Reviews
18 Mo CD	0.50%	$10,000	$14,999	Learn More Reviews
18 Mo CD	0.50%	$100,000	$199,999	Learn More Reviews
24 Mo CD	0.65%	$10,000	$14,999	Learn More Reviews
24 Mo CD	0.65%	$100,000	$199,999	Learn More Reviews
30 Mo CD	0.65%	$10,000	$14,999	Learn More Reviews
30 Mo CD	0.65%	$100,000	$199,999	Learn More Reviews
36 Mo CD	0.70%	$10,000	$14,999	Learn More Reviews
36 Mo CD	0.70%	$100,000	$199,999	Learn More Reviews
48 Mo CD	0.80%	$10,000	$14,999	Learn More Reviews
48 Mo CD	0.80%	$100,000	$199,999	Learn More Reviews
60 Mo CD	0.95%	$10,000	$14,999	Learn More Reviews
60 Mo CD	0.95%	$100,000	$199,999	Learn More Reviews

Int Checking Rates	APY	MIN	MAX
Int Ckg	0.05%	$2,500	$3,499	Learn MoreShow Less

Loan Rates - December 23, 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: 1025894	6.960%	6.875%	0.63	$2,764	$2,103	Learn More
NMLS ID: 2592312 License#: RM.805266.000	6.966%	6.875%	0.50	$3,145	$2,103	Learn More
NMLS ID: 3030	7.338%	7.250%	0.88	$2,800	$2,183	Learn More
NMLS ID: Not a Lender						Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. 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 funding timeline assumes closing the loan with our remote online notary. Funding timelines may 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. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

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:
Columbus,Ohio

Lake Trust Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Ann Arbor - Packard Branch	163.13	A	View Lobby Hours
Detroit Branch	164.01	B	View Lobby Hours
Ann Arbor - New Stadium Office	165.04	C	View Lobby Hours
Chelsea Branch	170.86	D	View Lobby Hours
Center Line Branch	174.61	E	View Lobby Hours
Brighton Branch	182.95	F	View Lobby Hours
Brighton Administrative Office	183.56	G	View Lobby Hours
Auburn Hills Branch	188.20	H	View Lobby Hours
Howell Branch	190.70	I	View Lobby Hours
South Lansinig	203.82	J	View Lobby Hours
Okemos	205.02	K	View Lobby Hours
Dimondale - Secondary Complex	207.15	L	View Lobby Hours
Frandor	207.77	M	View Lobby Hours
Capitol Branch	208.20	N	View Lobby Hours
West Saginaw	211.15	O	View Lobby Hours
Dewitt	214.57	P	View Lobby Hours
Hastings	221.95	Q	View Lobby Hours
Jenison	251.44	R	View Lobby Hours
Holland	255.58	S	View Lobby Hours
Mount Pleasant	269.47	T	View Lobby Hours
Grand Haven	272.96	U	View Lobby Hours
Lake Lansing Branch	654.71	V	View Lobby Hours

View Branches Nationwide →

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
6.68%	5.83

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, 2024, Lake Trust had $20,096,605 in non-current loans and $182,483 in owned assets. To cover these potential losses it had $283,075,799 in net worth and $20,430,115 in loans loss reserves. That gives it a Texas Ratio of 6.68%.

Net Worth

Lake Trust	U.S. Average
10.62%	13.93%

Lake Trust FCU has a net worth of 10.62% versus the BestCashCow average of 13.93. 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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