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Lake Trust Credit Union Share
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Overview Share
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Lake Trust Credit Union is a federally insured state credit union based in Brighton, Michigan. It has been opened since 1944, for 78 years.

With around $1,860,350,000 in assets, Lake Trust Credit Union is considered to be a very large credit union. It has 21 branches and 19 ATM locations.

About Share
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Address 4605 S. Old US Highway 23
Brighton, Michigan 48114
Website http://www.laketrust.org
Phone (888) 267-7200
CEO David A. Snodgrass
President of the Board Dennis Tochman
Services Offered
Score Card Share
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78 years
Years in business
Opened in 1944
Well Capitalized
Net worth classification
Source: NCUA
175,445 members
Membership type: State chartered natural person credit union
Above average number of members
405:1
Credit union member to staff ratio
405 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$1,860,352,441
Total assets
Above average
21 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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21 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Lake Trust Credit Union Branch Locations

Lake Trust Credit Union: Howell - E. Grand River
4433 E. Grand River Avenue
Howell, Michigan 48843
ATM Available
Lake Trust Credit Union: Auburn Hills Branch
2550 North Squirrel Road
Auburn Hills, Michigan 48326
No ATM
Lake Trust Credit Union: Brighton Branch
8661 W. Grand River Avenue
Brighton, Michigan 48116
ATM Available
Lake Trust Credit Union: Chelsea Branch
1170 S. Main Street Suite 100
Chelsea, Michigan 48118
ATM Available
Lake Trust Credit Union: Howell Branch
1700 W. Highland Road
Howell, Michigan 48843
ATM Available
Lake Trust Credit Union: Dewitt
12750 Escanaba Drive
Dewitt, Michigan 48820
ATM Available
Lake Trust Credit Union: Grand Haven
17350 Robbins Road
Grand Haven, Michigan 49417
ATM Available
Lake Trust Credit Union: Detroit Branch
1 Energy Plz # 100
Detroit, Michigan 48226
ATM Available
Lake Trust Credit Union: Ann Arbor - Packard Branch
2222 Packard Street
Ann Arbor, Michigan 48104
ATM Available
Lake Trust Credit Union: Holland
340 120th Avenue
Holland, Michigan 49424
ATM Available
Lake Trust Credit Union: Hastings
209 North Church Street
Hastings, Michigan 49058
ATM Available
Lake Trust Credit Union: Lake Lansing Branch
1300 W. Lake Lansing Road
East Lansing, Michigan 48823
ATM Available
Lake Trust Credit Union: Okemos
1821 Newman Road
Okemos, Michigan 48864
ATM Available
Lake Trust Credit Union: Dimondale - Secondary Complex
8420 Billwood Highway
Dimondale, Michigan 48821
ATM Available
Lake Trust Credit Union: Ann Arbor - New Stadium Office
2180 W. Stadium Boulevard
Ann Arbor, Michigan 48103
ATM Available
Lake Trust Credit Union: Center Line Branch
7350 Bernice
Center Line, Michigan 48015
ATM Available
Lake Trust Credit Union: Capitol Branch
501 S. Capitol Avenue
Lansing, Michigan 48933
ATM Available
Lake Trust Credit Union: South Lansinig
6440 S. Pennsylvania Avenue
Lansing, Michigan 48911
ATM Available
Lake Trust Credit Union: West Saginaw
7007 W. Saginaw Highway
Lansing, Michigan 48917
ATM Available
Lake Trust Credit Union: Headquarters
4605 S. Old US Highway 23
Brighton, Michigan 48114
No ATM
Lake Trust Credit Union: Mount Pleasant
1011 North Harris Street
Mount Pleasant, Michigan 48858
ATM Available
Members Share
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175,445 members
Membership type: State chartered natural person credit union
Above average number of members

With 175,445 members, the Lake Trust Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 98% of credit unions.

Fees Share
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$46
Average fee per member
The average fee per member at the Lake Trust Credit Union is $46, which is comparable to most credit unions. This rate is lower than 52% of all credit unions.
Fees are 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 Trust Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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405:1
Credit union member to staff ratio
405 per each FTE employee
Compared to 411:1 nationally
Average number of staff
433 staff members
FTE (full-time equivalent)
0% of employees are part-time
432 full-time, 2 part-time

Lake Trust Credit Union has 432 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Lake Trust Credit Union has around 405 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$1,860,352,441
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.
10.5%
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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$18,002
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 88% of credit unions.

Lake Trust Credit Union holds a total of $1,481,450,000 in loans and leases, which is about $18,002 per member on average.

Savings interest rate Share
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0.05%
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 Trust Credit Union pays 0.05%.

Loan rates Share
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.40%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.44%
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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5.09%
New car loan rate
Compared to 4.0% nationally
5.34%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.55%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.38%
Other real estate loan rates
Compared to 0.9% nationally

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Similar Credit Unions to Lake Trust Credit Union

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Lake Trust Credit Union: Dewitt
Credit Union Branch: 12750 Escanaba Drive
Dewitt, Michigan 48820 ATM Available
Lake Trust Credit Union: Grand Haven
Credit Union Branch: 17350 Robbins Road
Grand Haven, Michigan 49417 ATM Available
Lake Trust Credit Union: Brighton Branch
Credit Union Branch: 8661 W. Grand River Avenue
Brighton, Michigan 48116 ATM Available
Lake Trust Credit Union: Howell Branch
Credit Union Branch: 1700 W. Highland Road
Howell, Michigan 48843 ATM Available
Lake Trust Credit Union: Okemos
Credit Union Branch: 1821 Newman Road
Okemos, Michigan 48864 ATM Available
Lake Trust Credit Union: Center Line Branch
Credit Union Branch: 7350 Bernice
Center Line, Michigan 48015 ATM Available
Lake Trust Credit Union: Hastings
Credit Union Branch: 209 North Church Street
Hastings, Michigan 49058 ATM Available
Lake Trust Credit Union: Dimondale - Secondary Complex
Credit Union Branch: 8420 Billwood Highway
Dimondale, Michigan 48821 ATM Available
Lake Trust Credit Union: Holland
Credit Union Branch: 340 120th Avenue
Holland, Michigan 49424 ATM Available
Lake Trust Credit Union: Detroit Branch
Credit Union Branch: 1 Energy Plz # 100
Detroit, Michigan 48226 ATM Available