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Lake Michigan Credit Union Share
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Overview Share
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Lake Michigan Credit Union is a federally insured state credit union based in Grand Rapids, Michigan. It has been opened since 1933, for 89 years.

With around $6,064,110,000 in assets, Lake Michigan Credit Union is considered to be a very large credit union. It has 52 branches and 52 ATM locations.

About Share
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Address Po 2848
Grand Rapids, Michigan 49501
Website http://www.lmcu.org
Phone (616) 242-9790
CEO Sandy Jelinski
President of the Board Gretchen Tellman
Services Offered
Score Card Share
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89 years
Years in business
Opened in 1933
Well Capitalized
Net worth classification
Source: NCUA
351,030 members
Membership type: State chartered natural person credit union
Above average number of members
270:1
Credit union member to staff ratio
270 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$6,064,105,758
Total assets
Above average
52 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
11.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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52 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Lake Michigan Credit Union Branch Locations

Lake Michigan Credit Union: Collier
8635 Collier Boulevard
Naples, Florida 34114
ATM Available
Lake Michigan Credit Union: Lowell
2350 W. Main Street
Lowell, Michigan 49331
ATM Available
Lake Michigan Credit Union: Gulf Coast
17830 Ben Hill Griffin Parkway
Fort Myers, Florida 33913
ATM Available
Lake Michigan Credit Union: Metro
5986 Metro Way SW
Wyoming, Michigan 49519
ATM Available
Lake Michigan Credit Union: Ravenna
12409 Stafford Road
Ravenna, Michigan 49451
ATM Available
Lake Michigan Credit Union: Immokalee
2470 Immokalee Road
Naples, Florida 34110
ATM Available
Lake Michigan Credit Union: 68th Street
675 68th Street SW
Byron Center, Michigan 49315
No ATM
Lake Michigan Credit Union: 84th Street
904 84th Street SW
Byron Center, Michigan 49315
ATM Available
Lake Michigan Credit Union
5540 Glenwood Hills Parkway SE
Grand Rapids, Michigan 49512
ATM Available
Lake Michigan Credit Union: Fort Myers - Encore
7920 Summerlin Lakes Drive
Fort Myers, Florida 33907
ATM Available
Lake Michigan Credit Union: North Naples - Encore
2370 Vanderbilt Beach Road
Naples, Florida 34109
ATM Available
Lake Michigan Credit Union: Saginaw
5430 State Street
Saginaw, Michigan 48603
ATM Available
Lake Michigan Credit Union: Bonita Springs - Encore
4450 Bonita Beach Road
Suite 15
Bonita Springs, Florida 34134
ATM Available
Lake Michigan Credit Union: Knapp
2024 Celebration Drive NE
Grand Rapids, Michigan 49525
ATM Available
Lake Michigan Credit Union: Portage
4084 W. Centre Avenue
Portage, Michigan 49024
ATM Available
Lake Michigan Credit Union: East Paris
4050 Lake Drive SE
Grand Rapids, Michigan 49546
No ATM
Lake Michigan Credit Union: White Lake
6615 Highland Road
White Lake, Michigan 48383
ATM Available
Lake Michigan Credit Union: Holland - West Shore
3493 W. Shore Drive
Holland, Michigan 49424
ATM Available
Lake Michigan Credit Union
5519 Glenwood Hills Parkway SE
Grand Rapids, Michigan 49512
No ATM
Lake Michigan Credit Union: Livonia
19025 Newburgh Road
Livonia, Michigan 48152
ATM Available
Lake Michigan Credit Union: Plainfield
2209 Plainfield Avenue NE
Grand Rapids, Michigan 49505
ATM Available
Lake Michigan Credit Union: Port Charlotte - Encore
2120 Kings Highway
Port Charlotte, Florida 33980
ATM Available
Lake Michigan Credit Union: Allendale
5023 Lake Michigan Drive
Allendale, Michigan 49401
ATM Available
Lake Michigan Credit Union: Norton Shores
1619 E. Mount Garfield Road
Muskegon, Michigan 49444
ATM Available
Lake Michigan Credit Union: Farmington Hills
34391 W. 12 Mile Road
Farmington Hills, Michigan 48331
ATM Available
Lake Michigan Credit Union: Troy
734 W. Long Lake Road
Troy, Michigan 48098
ATM Available
Lake Michigan Credit Union: Traverse City
310 W. Front Street
Traverse City, Michigan 49684
ATM Available
Lake Michigan Credit Union: Naples Main - Encore
3003 Tamiami Trl North
Suite 100
Naples, Florida 34103
ATM Available
Lake Michigan Credit Union: 28th Street
5701 28th Street SE
Grand Rapids, Michigan 49546
ATM Available
Lake Michigan Credit Union: Sun City Center - Encore
1653 Sun City Center Plz
Suite 101
Sun City Center, Florida 33573
ATM Available
Lake Michigan Credit Union: Bonita Springs
24201 Walden Center Drive
Estero, Florida 34134
ATM Available
Lake Michigan Credit Union: Saint Mary's
260 Jefferson Ave. SE
Grand Rapids, Michigan 49503
ATM Available
Lake Michigan Credit Union: Sparks Drive
3810 Sparks Drive SE
Grand Rapids, Michigan 49546
ATM Available
Lake Michigan Credit Union: Gull
3326 Gull Road
Kalamazoo, Michigan 49048
ATM Available
Lake Michigan Credit Union: Schoolcraft
106 North Grand Street
Suite B.
Schoolcraft, Michigan 49087
ATM Available
Lake Michigan Credit Union: West Main
6170 W. Main Street
Kalamazoo, Michigan 49009
ATM Available
Lake Michigan Credit Union: Grcc
143 Bostwick Avenue NE
Grand Rapids, Michigan 49503
ATM Available
Lake Michigan Credit Union: Cascade
1210 Spaulding Avenue SE
Grand Rapids, Michigan 49546
ATM Available
Lake Michigan Credit Union: Northland
5453 Northland Drive NE
Grand Rapids, Michigan 49525
ATM Available
Lake Michigan Credit Union: Rockford
2335 10 Mile Road NE
Rockford, Michigan 49341
ATM Available
Lake Michigan Credit Union: Holland 8th
677 E. 8th Street
Holland, Michigan 49423
ATM Available
Lake Michigan Credit Union: Medical Mile
342 Michigan Street NE
Grand Rapids, Michigan 49503
ATM Available
Lake Michigan Credit Union: Jenison
7409 Cottonwood Drive
Jenison, Michigan 49428
ATM Available
Lake Michigan Credit Union: Westnedge
435 S. Westnedge Avenue
Kalamazoo, Michigan 49007
ATM Available
Lake Michigan Credit Union: South Division
3870 Division Avenue S.
Grand Rapids, Michigan 49548
ATM Available
Lake Michigan Credit Union: Fuller Drive Thru
412 Fuller Avenue NE
Grand Rapids, Michigan 49503
No ATM
Lake Michigan Credit Union
4027 Lake Drive SE
Grand Rapids, Michigan 49546
ATM Available
Lake Michigan Credit Union: Grand Haven
951 Jackson Avenue
Grand Haven, Michigan 49417
ATM Available
Lake Michigan Credit Union: Hudsonville
4100 32nd Avenue
Hudsonville, Michigan 49426
ATM Available
Lake Michigan Credit Union: Kentwood
6206 Kalamazoo Avenue SE
Kentwood, Michigan 49508
ATM Available
Lake Michigan Credit Union: Lake Michigan Drive
2720 Lake Michigan Drive NW
Grand Rapids, Michigan 49504
ATM Available
Lake Michigan Credit Union: Alpine
4560 Alpine Avenue NW
Comstock Park, Michigan 49321
ATM Available
Lake Michigan Credit Union: Broadmoor
7175 Broadmoor Avenue SE
Caledonia, Michigan 49316
ATM Available
Lake Michigan Credit Union: Wyoming
2636 44th Street SW
Wyoming, Michigan 49519
ATM Available
Lake Michigan Credit Union: Leonard
1820 Leonard Street NE
Grand Rapids, Michigan 49505
ATM Available
Members Share
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351,030 members
Membership type: State chartered natural person credit union
Above average number of members

With 351,030 members, the Lake Michigan Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 99% of credit unions.

Fees Share
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$90
Average fee per member
The average fee per member at the Lake Michigan Credit Union is $90, which is very high compared to most credit unions. This rate is higher than 80% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Lake Michigan Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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270:1
Credit union member to staff ratio
270 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
1,300 staff members
FTE (full-time equivalent)
6% of employees are part-time
1,258 full-time, 83 part-time

Lake Michigan Credit Union has 1,258 full-time staff members and 83 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 94% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Lake Michigan Credit Union has around 270 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$6,064,105,758
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$29,693
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 97% of credit unions.

Lake Michigan Credit Union holds a total of $4,949,500,000 in loans and leases, which is about $29,693 per member on average.

Savings interest rate Share
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Lake Michigan Credit Union pays 0.25%.

Loan rates Share
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11.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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4.24%
New car loan rate
Compared to 4.0% nationally
4.24%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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Lake Michigan Credit Union
Credit Union Branch: 5540 Glenwood Hills Parkway SE
Grand Rapids, Michigan 49512 ATM Available
Lake Michigan Credit Union: Jenison
Credit Union Branch: 7409 Cottonwood Drive
Jenison, Michigan 49428 ATM Available
Lake Michigan Credit Union: Saginaw
Credit Union Branch: 5430 State Street
Saginaw, Michigan 48603 ATM Available
Lake Michigan Credit Union: Ravenna
Credit Union Branch: 12409 Stafford Road
Ravenna, Michigan 49451 ATM Available
Lake Michigan Credit Union: Hudsonville
Credit Union Branch: 4100 32nd Avenue
Hudsonville, Michigan 49426 ATM Available
Lake Michigan Credit Union
Credit Union Branch: 5519 Glenwood Hills Parkway SE
Grand Rapids, Michigan 49512 No ATM
Lake Michigan Credit Union
Credit Union Branch: 4027 Lake Drive SE
Grand Rapids, Michigan 49546 ATM Available
Lake Michigan Credit Union: Livonia
Credit Union Branch: 19025 Newburgh Road
Livonia, Michigan 48152 ATM Available
Lake Michigan Credit Union: Collier
Credit Union Branch: 8635 Collier Boulevard
Naples, Florida 34114 ATM Available
Lake Michigan Credit Union: Gull
Credit Union Branch: 3326 Gull Road
Kalamazoo, Michigan 49048 ATM Available