LAKE TRUST Credit Union Profile

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LAKE TRUST

Charter #62047 | NCUA Region 1 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (888) 267-7200

Fax:

Founding Date: N/A

Website: http://www.laketrust.org

Personnel & Operations

President: Solo, Michael

Manager: Snodgrass, David

FT Employees: 486

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 25

Hours: Mon-Fri 7am-7pm; Sat 9am-1pm

Credit Union Profile Summary

LAKE TRUST is a FISCU Credit Union. With a total of 175,638 members ^[1], this institution manages approximately $2,718,535,481 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 10.84% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 7.30% ^[1].

Financial Snapshot

Total Assets ^[1]

$2,718,535,481

Total economic resources.

Total Loans ^[1]

$2,069,037,689

Total value of outstanding loans.

Total Deposits ^[1]

$2,402,709,748

Total funds deposited by members.

Members ^[1]

175,638

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

10.84%

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]

0.57%

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

Loan-to-Share Ratio ^[1]

86.11%

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

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 2.04%

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

Loan Growth (4Q) ^[1]

↑ 7.30%

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

Member Growth (4Q) ^[1]

↓ -0.81%

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

Headquarters Location & Map

Headquarters Address

4605 S Old US Highway 23

Brighton, MI, 48114-7521

Open in Google Maps

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 23 branches reported by LAKE TRUST (Charter #62047).

Main Office

Headquarters Main Office

Type: Corporate Office

4605 S Old US Highway 23

Brighton, MI 48114-7521

Phone: (888) 267-7200

Services: Member Services

LAKE TRUST Credit Union Profile

LAKE TRUST

Headquarters Contact & Staff

Credit Union Profile Summary

Financial Snapshot

Performance Ratios

Four-Quarter Growth

Headquarters Location & Map

Headquarters Address

Member Ratings & Reviews

Rate This Credit Union

Branch Locations

Main Office

Headquarters Main Office

Additional Branches

Ann Arbor

Auburn Hills

Brighton

Center Line

Chelsea

Detroit

Dewitt

Dimondale

East Lansing

Grand Haven

Hastings

Holland

Howell

Lansing

Mount Pleasant

Okemos

Plymouth