LAKE SUPERIOR Credit Union Profile

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LAKE SUPERIOR

Charter #65085 | NCUA Region 1 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (906) 884-2069

Fax: (906) 884-2929

Founding Date: N/A

Website: http://www.lscu.virtualcu.net

Personnel & Operations

President: Elmblad, Peggy

Manager: Niemi, Renee

FT Employees: 4

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 1

Hours: 9 AM - 4 PM MONDAY - FRIDAY

Credit Union Profile Summary

LAKE SUPERIOR is a FISCU Credit Union. With a total of 1,321 members [1], this institution manages approximately $10,499,914 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 12.86% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 5.44% [1].

Financial Snapshot

Total Assets [1]
$10,499,914

Total economic resources.

Total Loans [1]
$5,193,773

Total value of outstanding loans.

Total Deposits [1]
$9,129,576

Total funds deposited by members.

Members [1]
1,321

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.86%

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]
2.51%

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

Loan-to-Share Ratio [1]
56.89%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
4.09%

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

Loan Growth (4Q) [1]
5.44%

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

Member Growth (4Q) [1]
2.64%

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

Headquarters Location & Map

Headquarters Address

801 RIVER ST

ONTONAGON, MI, 49953-1620

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by LAKE SUPERIOR (Charter #65085).

Main Office

Lake Superior Credit Union Main Office

Type: Corporate Office

801 River St

Ontonagon, MI 49953-1620

Phone: (906) 884-2069

Services: Member Services, Drive-Thru

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