Torch Lake Credit Union

About Torch Lake Credit Union

Torch Lake Credit Union Location

100 Calumet Street
Lake Linden, MI 49945

Phone: (906) 296-0215
Website: torchlakefederal.com
Routing/Transit Number: Not Available

Torch Lake Credit Union Information

Torch Lake Credit Union of Lake Linden, MI is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 2782 members and assets of $6,967,344, as compared to the national average of $93 million dollars of assets per credit union. Torch Lake Credit Union, first opened in 1955 and has been in operation since then. Additionally, Torch Lake Credit Union has 5 full time employees and 3 part time employees, or 347.75 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Torch Lake Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Torch Lake Credit Union is a not-for-profit, cooperative, tax-exempt organization.