TORCH LAKE Credit Union Profile

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TORCH LAKE

Charter #10099 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (906) 337-5565

Fax: (906) 337-0385

Founding Date: N/A

Website: http://www.torchlakefederal.com

Personnel & Operations

President: Kocjan, Alisha

Manager: Mikkola, Connie

FT Employees: 4

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 1

Hours: 9-4:30 MON-FRIDAY SATURDAY 9-12:00

Credit Union Profile Summary

TORCH LAKE is a FCU Credit Union. With a total of 1,566 members [1], this institution manages approximately $11,227,952 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 7.24% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -9.30% [1].

Financial Snapshot

Total Assets [1]
$11,227,952

Total economic resources.

Total Loans [1]
$3,888,278

Total value of outstanding loans.

Total Deposits [1]
$10,389,226

Total funds deposited by members.

Members [1]
1,566

Number of active members.

Performance Ratios

Net Worth Ratio [1]
7.24%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
-6.16%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
37.43%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -5.93%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -9.30%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -6.06%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

400 HECLA ST

LAURIUM, MI, 49913
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 3 branches reported by TORCH LAKE (Charter #10099).

Main Office

Torch Lake Federal Credit Union Main Office

Type: Corporate Office

400 Hecla St

Laurium, MI 49913

Phone: (906) 337-5565

Services: Member Services, Drive-Thru

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Additional Branches

Cherry Hill

Fiserv

Type: Branch Office

2091 Springdale Rd

Cherry Hill, NJ 08003

Phone: (856) 874-4885

Services: ATM

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Wayne

Sungard

Type: Corporate Office

680 E Swedesford Rd

Wayne, PA 19087-1605

Phone: (215) 627-3800

Services: None specified

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