Lakes Area Credit Union

About Lakes Area Credit Union

Lakes Area Credit Union Location

408 Nw 4th Street
Grand Rapids, MN 55744

Phone: (218) 326-1251
Website: www.lakesareacu.com
Routing/Transit Number: Not Available

Lakes Area Credit Union Information

Lakes Area Credit Union of Grand Rapids, MN 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 4982 members and assets of $22,106,739, as compared to the national average of $93 million dollars of assets per credit union. Lakes Area Credit Union, first opened in 1953 and has been in operation since then. Additionally, Lakes Area Credit Union has 11 full time employees and 1 part time employees, or 415.166666667 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 Lakes Area 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. Lakes Area Credit Union is a not-for-profit, cooperative, tax-exempt organization.