Featured Savings Rates
Featured Accounts

Lake Trust Credit Union

Popular Accounts at this Credit Union

1.92%5-year CD60 - 72 Months CD
0.55%1-year CD12 Months Save to Win CD
0.05%SavingsSpecial Savings

Overview / Commentary
4605 S Old Us Highway 23
Brighton, MI 48114

Lake Trust Credit Union is headquartered in Brighton and is the 6th largest credit union in the state of Michigan. It is also the 131st largest credit union in the nation. It was established in 1944 and as of June of 2017, it had grown to 390 employees and 171,347 members at 21 locations. Lake Trust Credit Union's CD rates are 14% higher than the national average, and it has an A health rating.

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.
See current membership details

Lake trust is the best!

I have a free checking and savings accounts from Lake Trust Credit Union. I have access to online banking and online bill payment. I really like this credit union! I recommend it to all my friends and family. Their employees are exceptional and have given me wonderful assistance whenever I have had questions.

My experience with Lake Trust Credit Union.

Posted by: Travels | Apr 26, 2015

I have dealt with this Credit Union for along time. They used to be called Huron River Credit Union. I have had Savings and checking accounts with them. The customer service is wonderful and they are very nice and talk to you about your day and ask you things like, (how are you today sir or mam?), Other things stand out also. Once I was having a bad day and the Teller could really tell after they had asked me how my day was going. I guess I just needed someone to talk to and they listened and I tell you my day was much better after that! My experience with the website at the time was not the best. I guess it was the way that it was set up the confused me. I also was not that internet savy at the time too. They offer a reasonable rates and fee's also. I would recommend this institution to anyone!

Lake Trust Takeovers

Posted by: pgaylew | Sep 29, 2011

I was a member of Huron River Area Credit Union, then Detroit Edison Credit Union and finally Lake Trust Credit Union for over 10 years. Not their best customer or their worst and admittedly I didn't make a lot of use of the "member services" during my time with them. What I did appreciate was the friendly small-town customer service, low fees or no fees or charges for things like money orders, statements or bank checks. That all changed when Lake Trust took over last year. Their fee schedule now rivals that of any of the "big mean banks" with $10 bank checks, $5 - $15 transfer fees from checking, and $29 overdraft fees for even a few cents. Programs they used to have in place to help their customers work through financial issues are a thing of the past. While the branch customer service remains friendly, woe be unto you if you have to deal with anyone at the main branch. I see all these credit union commercials all the time about how you're a "member" not a "number". I can tell you that I most assuredly was nothing more than a number to Lake Trust and I have heard similar statements from other customers. As a matter of fact, when I opened my account in 2001, it was on the recommendation of several co-workers and friends. I am the only one left - everyone else moved to other credit unions or banks years ago.

Another Disgruntled Lake Trust Credit Union - Soon To Be Former Member

If I could put 0 stars I would. This credit union, since the merger with Detroit Edison Credit Union, is no different than a lot of the high end banks. So why stay with them. Their phone banking sucks - skips all the time like a broken record, their computer system is old. It was much more advanced when I banked with Detroit Edison CU, but now it is like taking 2 steps back :( - Sorry to say I will be changing my financial institution after 30+ years, as I have no reason to stay with Lake Trust. They've raised my credit card rate by over 10% and told if we didn't want that rate, they would close our card. Well, sorry to say, I'm closing it, along with many of our savings and checking accounts. If you want a financial institution that is in it to make money and not help their member, then go for it. I'm going somewhere else.



Health Grade Components

NCUA #62047
Year Chartered1944
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD4.05%
Annual Interest Income$30.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.84B$1.75B
LoansQ2 2017vs Q2 2016$1.39B$1.34B
DepositsQ2 2017vs Q2 2016$1.61B$1.53B
Equity CapitalQ2 2017vs Q2 2016$179.7MM$174.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$15.3MM$15.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$8.4MM$10.3MM
Real Estate OwnedQ2 2017vs Q2 2016$293.00K$1.5MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lake Trust Credit Union Savings Account Rates

0.05%--Primary Savings
0.05%--Holiday Savings
0.05%--Business Savings
0.05%--Special Savings
0.05%--Minor Primary Savings

Lake Trust Credit Union Money Market Rates

0.35%*$50k*-Money Market Savings Plus
OTHER TIERS: 0.05% Up to $50k
0.20%*$50k*-Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.15% $10k - $50k
0.15%*$100k*-Business Money Market Savings
OTHER TIERS: 0.05% Up to $30k | 0.10% $30k - $100k
0.05%$1k-Money Market Checking

Lake Trust Credit Union Checking Account Rates

0.05%$5k-Business Interest Checking

Lake Trust Credit Union CD Rates

1.92%*$10k*-60 - 72 Months CD
OTHER TIERS: 1.81% $500 - $10k
1.92%*$30k*-Business 60 - 72 Months CD
OTHER TIERS: 1.81% $500 - $12k | 1.87% $12k - $30k
1.61%*$25k*-48 - 59 Months CD
OTHER TIERS: 1.56% $500 - $25k
1.61%*$30k*-Business 48 - 59 Months CD
OTHER TIERS: 1.56% $500 - $30k
1.51%*$25k*-36 - 47 Months CD
OTHER TIERS: 1.36% $500 - $10k | 1.46% $10k - $25k
1.51%*$30k*-Business 36 - 47 Months CD
OTHER TIERS: 1.36% $500 - $12k | 1.46% $12k - $30k
1.31%*$25k*-24 - 35 Months CD
OTHER TIERS: 1.26% $500 - $25k
1.26%$500-Business 24 - 35 Months CD
1.03%$500-12 - 23 Months CD
1.03%$500-Business 12 - 23 Months CD
1.00%$50$10k24 Months Aspire CD
0.55%$25-12 Months Save to Win CD
0.40%*$25k*-6 - 11 Months CD
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.40%*$30k*-Business 6 - 11 Months CD
OTHER TIERS: 0.30% $500 - $12k | 0.35% $12k - $30k
0.25%*$25k*-3 - 5 Months CD
OTHER TIERS: 0.15% $500 - $10k | 0.20% $10k - $25k
0.25%*$30k*-Business 3 - 5 Months CD
OTHER TIERS: 0.10% $500 - $12k | 0.15% $12k - $30k

Lake Trust Credit Union IRA Rates

1.92%*$10k*-60 - 72 Months IRA
OTHER TIERS: 1.81% $500 - $10k
1.61%*$25k*-48 - 59 Months IRA
OTHER TIERS: 1.56% $500 - $25k
1.51%*$25k*-36 - 47 Months IRA
OTHER TIERS: 1.36% $500 - $10k | 1.46% $10k - $25k
1.31%*$25k*-24 - 35 Months IRA
OTHER TIERS: 1.26% $500 - $25k
1.03%$500-12 - 23 Months IRA
0.40%*$25k*-6 - 11 Months IRA
OTHER TIERS: 0.30% $500 - $10k | 0.35% $10k - $25k
0.25%*$25k*-3 - 5 Months IRA
OTHER TIERS: 0.15% $500 - $10k | 0.20% $10k - $25k