Lake Michigan Credit Union

About Lake Michigan Credit Union

Lake Michigan Credit Union Location

Po Box 2848
Grand Rapids, MI 49501-2848

Phone: (616) 242-9790
Website: www.lmcu.org
Routing/Transit Number: Not Available

Lake Michigan Credit Union Information

Lake Michigan Credit Union of Grand Rapids, 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 133832 members and assets of $1,391,894,180, as compared to the national average of $93 million dollars of assets per credit union. Lake Michigan Credit Union, first opened in 1933 and has been in operation since then. Additionally, Lake Michigan Credit Union has 297 full time employees and 79 part time employees, or 355.936170213 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 Lake Michigan 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. Lake Michigan Credit Union is a not-for-profit, cooperative, tax-exempt organization.