Lake Trust Credit Union

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A short history of Lake Trust CU

Since its inception in 1944 the Lake Trust Credit Union has been serving its members in the BRIGHTON, 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 David Snodgrass, the Lake Trust CU has grown its membership to over 171,347 with assets of more than $1,835,171,869. They have a main office and 20 branch offices. Please see the credit unions website or contact them by phone at (888) 267-7200 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BRIGHTON, MI.

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

Charter Number 62047
Address 4605 S OLD US HIGHWAY 23 
State Michigan 
Zip-Code 48114
Phone Number (888) 267-7200
Fax Number () -
Email Address: none
CEO/President David Snodgrass
Members 171,347 
Full-Time Employees 390 
Part-Time Employees
Number of Branch Offices 20 
Total Assets 1,835,171,869 

Compare Lake Trust Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Walled Lake School Employees CU Main 3095 S Commerce Rd 48390 (248) 624-5222 No 14.09
Vibe CU Birmingham 163 W Maple Rd 48009 (248) 735-9500 No 14.66
Westacres CU WCU 3700 WESTACRES DR 48324 (248) 363-4376 No 16.37
Oakland County CU Oxford Branch 968 N Lapeer Rd 48371 (248) 628-2928 No 17.22
Metro North CU Waterford 4594 Pontiac Lake Rd 48328 (248) 674-0491 No 19.75

Lake Trust Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Lake Trust 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 8.90 3.49 2.74 4.00 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 151 208 70 138 132
Rank Among All Michigan Credit Unions 22 64 17 32 23

Lake Trust Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.25 0.70 1.81
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 105 224 65
Rank Among All Michigan Credit Unions N/A 19 21 49 7
Lake Trust Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.90024,42345,441,652
All Other Unsecured Loans/Lines of Credit 7.9009,21438,415,098
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.7501,61436,171,304
New Vehicle Loans 3.4903,29371,521,533
Used Vehicle Loans 2.74025,242297,787,168
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.0004,418574,480,651
Total Other Real Estate Loans/Lines of Credit 4.2502,45975,609,541
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.6909,688247,372,440
TOTAL LOANS & LEASES 80,3511,386,799,387

Lake Trust 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 2,157252,001,15415423,981,823
    b. 15 Years or less 1,818134,583,296729,112,752
    a. > 15 years 13258,490,85431,885,067
    b. 15 Years or less 224118,174,4353121,307,458
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 8610,485,09731,968,727
Adjustable Rate > 1 yr 1745,81500


Closed-End Fixed Rate 1,78860,319,87423911,405,795
Closed-End Adjustable Rate 2456,0003910,400
Open-End Adjustable Rate 66814,583,6673235,610,768
Open-End Fixed Rate 1250,0001250,000
TOTALS 6,877650,090,19282976,432,790


Interest Only & Payment Option 1st Mortgage Loans 97,600,8033,730,375
Interest Only & Payment Option Other RE/LOC Loans 362,786,7413,410,105
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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