Lafcu Credit Union

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A short history of Lafcu CU

Since its inception in 1936 the Lafcu Credit Union has been serving its members in the LANSING, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Spyke Patrick, the Lafcu CU has grown its membership to over 59,614 with assets of more than $653,440,320. They have a main office and 9 branch offices. Please see the credit unions website or contact them by phone at (517) 622-6600 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LANSING, MI.

General Information For Lafcu CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 68632
Address P.O. BOX 26188 
State Michigan 
Zip-Code 48909
Phone Number (517) 622-6600
Fax Number (517) 622-6909
Email Address: ----
CEO/President Spyke Patrick
Members 59,614 
Full-Time Employees 117 
Part-Time Employees 43 
Number of Branch Offices
Total Assets 653,440,320 

Compare Lafcu Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Lake Trust CU Okemos 1821 Newman Rd 48864 (888) 267-7343 No 0.30
Consumers Professional CU CPCU Eaton Rapids 1515 S Main St 48827 (517) 663-8176 No 1.13
Gabriels Community CU Main Branch-E. Michigan Ave 1901 E Michigan Ave 48912 (517) 484-0601 No 1.63
Astera CU ASTERA CREDIT UNION-W SAGINAW 5615 W SAGINAW HWY 48917 (517) 323-3644 No 2.39
Case CU LCC 422 N Washington Sq 48909 (517) 393-7710 No 3.11

Lafcu Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Lafcu Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.90 3.82 4.81 3.88 3.96
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 452 254 302 121 96
Rank Among All Michigan Credit Unions 80 76 76 24 12

Lafcu Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.15 0.20 2.09 2.09
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 119 114 33 41
Rank Among All Michigan Credit Unions 13 14 25 1 2
Lafcu Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9007,64715,214,074
All Other Unsecured Loans/Lines of Credit 14.9901,8885,900,330
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.7301,2781,137,594
New Vehicle Loans 3.8202,92654,803,503
Used Vehicle Loans 4.81012,982140,961,267
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.88052747,325,389
Total Other Real Estate Loans/Lines of Credit 3.9601,91590,397,382
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.3606,39628,405,007
TOTAL LOANS & LEASES 35,559384,144,546

Lafcu Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 34431,710,820222,382,662
    b. 15 Years or less 16914,248,1135507,800
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 141,366,45600


Closed-End Fixed Rate 1,61580,530,11218915,546,863
Closed-End Adjustable Rate 264,595,89181,400,300
Open-End Adjustable Rate 2114,154,5151375,740,619
Open-End Fixed Rate 631,116,864211,717
TOTALS 2,442137,722,77136325,589,961


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Lafcu Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes