Lake Trust Credit Union and Your Financial Future

Lake Trust Credit Union has been serving the community for over 80 years, providing financial services to over 200,000 members.

Their commitment to helping people achieve their financial goals is evident in their wide range of financial products and services.

Lake Trust Credit Union offers a variety of savings accounts, including youth accounts and Christmas clubs, to help people save and plan for the future.

With over 20 locations throughout Michigan, Lake Trust Credit Union is a convenient option for those seeking financial services.

Lake Trust Credit Union offers a range of services to help you achieve your financial goals. Their Financial Life Planning team provides personalized money management plans to create a secure financial future.

The team offers investment and insurance options to support your financial goals, giving you peace of mind and a clear direction for your finances.

Financial Life Planning is a crucial step in achieving your financial goals. The Lake Trust Financial Life Planning team offers a range of services to create a personalized money management plan.

Their services include investment options to help you grow your wealth. By working with a financial advisor, you can make informed decisions about your money.

Investment options can help you achieve long-term financial stability. This can give you peace of mind and freedom to pursue your passions.

Insurance options are also available to protect your assets and loved ones. By considering different insurance plans, you can ensure that you're prepared for any unexpected events.

Creating a personalized money management plan can help you work towards your financial goals. With the right plan in place, you can achieve financial freedom and security.

Financials play a crucial role in financial planning. Understanding the financials of a credit union like Lake Trust can provide valuable insights for individuals and businesses.

The total revenues of Lake Trust Credit Union increased by 19.5% in FYE 12/2023 compared to FYE 12/2022, reaching $121,931,528.

Program services, which account for a significant portion of the credit union's revenue, grew by 15.1% to $107,894,242 in FYE 12/2023.

Investment income and dividends saw a substantial increase of 69.5% to $11,290,846 in FYE 12/2023.

The credit union's miscellaneous revenues also experienced a notable growth of 22.4% to $1,491,793 in FYE 12/2023.

Here's a breakdown of the credit union's revenue sources:

The credit union's financials demonstrate a strong growth in various revenue streams, indicating a healthy financial position.

Lake Trust Credit Union offers a range of online services to make managing your finances convenient and efficient. You can access your account information, make payments, and transfer funds from the comfort of your own home.

Their online banking platform is available 24/7, allowing you to bank at your own pace. With secure login and two-factor authentication, you can be sure your information is safe and secure.

You can also pay your bills online, set up automatic payments, and even transfer money to other accounts. This makes it easy to manage your finances and stay on top of your payments.

Their mobile banking app is also available, allowing you to bank on the go. You can check your account balances, view transaction history, and even deposit checks remotely.

If you're looking for organizations like Lake Trust Credit Union, you'll find them in the state of Michigan.

Lake Trust Credit Union is actually one of many credit unions chartered in Michigan.

These organizations are all 501(c)(14) type credit unions, meaning they are member-owned and not-for-profit financial cooperatives.

Michigan First Credit Union, for example, is a 501(c)(14) credit union located in Lathrup Village, MI, with a revenue of $123,630,180.

Another example is Advia Credit Union, also a 501(c)(14) credit union, located in Kalamazoo, MI, with a revenue of $183,144,775.

Here's a list of some of these organizations, along with their locations and revenues:

These organizations are all located in different parts of Michigan, serving their respective communities with financial services.

Lake Trust Credit Union has partnered with SmithGroup to deliver a new way of working for its employees, aligning workspace with its mission of innovation. This collaboration has resulted in a unique and democratic work environment that reflects the company's inclusive culture.

The credit union's new headquarters features a 100% open environment, with the CEO collocated centrally alongside associates in open office workstations, enhancing teamwork and innovation. This design decision has led to serendipitous conversations resulting in innovative solutions.

The design team took cues from the rolling wooded site on which the headquarters is located, combining elements of the natural surroundings with spaces that enhance collaboration. The building's curved façade responds to the adjacent wetlands and streams located on the site.

The credit union's employees played a key role in defining their own new high-performance workplace through interactive design workshops facilitated by SmithGroup. This process allowed employees to push the boundaries of what a financial institution could be and resulted in stakeholder pride in the unique design.

The design solution integrates a variety of spaces for different interactions that help grow the new company culture while improving company sustainability, boosting employee productivity, contentment, and retention.