Lake Trust Credit Union Ann Arbor MI | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Lake Trust, your trusted partner in financial growth and community support, located at 2222 Packard St, Ann Arbor, MI 48104. Since our establishment in 1944, we have proudly served over 178,606 members, offering a wide range of financial services designed to meet the unique needs of our community. At Lake Trust, we believe in building strong relationships with our members and providing them with the resources they need to succeed. With total assets exceeding $2.6 billion and total deposits amounting to $165,763,797, our financial stability reflects our commitment to you. We understand that every member's journey is different, which is why we offer personalized solutions ranging from auto loans and mortgages to business banking services. Under the leadership of our CEO, David Snodgrass, and Board President, Michael Solo, our dedicated team of 477 employees works tirelessly to ensure that each interaction is positive and impactful. Whether you're looking for a new credit card with rewards or seeking assistance with a personal loan, we're here to help you every step of the way. While members can visit us at our branch for face-to-face consultations and account management, official correspondence should be sent to our mailing address: 2222 Packard St, Ann Arbor, MI 48104-6368. Join us today and experience firsthand how Lake Trust can empower your financial future! For more information or to get started on your next loan application, give us a call at 734-214-7867 or explore our website at Lake Trust. Your journey towards better banking begins here!

Branch History & Mission

Community Engagement

Lake Trust isn't just about banking; it's about building relationships and making a positive impact. We actively participate in local events and initiatives that uplift our neighborhoods. By collaborating with various organizations, we strive to address community needs and foster growth. As we look forward to the future, we remain committed to integrating digital advancements that enhance member experiences without compromising on personal touch. Our online banking services allow you to manage your accounts easily while ensuring that help is just a phone call away at 734-214-7867. Join us today at Lake Trust! Experience firsthand how we prioritize your financial well-being while contributing positively to our community. Together, let's build a brighter future for Ann Arbor and beyond!

Mission Statement

Our mission at Lake Trust is simple yet powerful: we aim to enhance the lives of our members by providing affordable financial services while actively supporting the communities we serve. We believe in empowering individuals through education and resources that promote financial wellness. Whether it's offering competitive loan rates or personalized advice, our team is here to guide you every step of the way. While members can visit us at 2222 Packard St Ann Arbor Mi 48104, official correspondence should be sent to 2222 Packard St, Ann Arbor, MI 48104-6368. Our operating hours are designed with your schedule in mind: Monday through Thursday from 9 AM to 5:30 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM.

Branch Location & Accessibility

Welcome to the Lake Trust branch located at 2222 Packard St in beautiful Ann Arbor, MI! We're excited to be part of this vibrant community, conveniently situated near popular local landmarks like the University of Michigan and the picturesque Gallup Park. Our location makes it easy for you to drop by and take care of your banking needs. At Lake Trust, we prioritize accessibility for all our members. Our branch is equipped with ADA-compliant features, including ramps and designated parking spaces, ensuring everyone can visit us comfortably. Plus, while our main entrance is easily accessible, if you prefer more privacy or convenience, we also offer a 24/7 ATM that allows for cash withdrawals and balance checks any time you need. Our operating hours cater to your busy schedule: we're open Monday through Thursday from 9 AM to 5:30 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM. Whether you're coming in for a quick errand or a more in-depth consultation about our services like personal banking options, auto loans, or mortgage refinancing our friendly staff is here to assist you. If you need to send us any official correspondence, please note that it should go to the same address as our branch: 2222 Packard St, Ann Arbor, MI 48104-6368. We invite you to stop by or give us a call at 734-214-7867. Join us at Lake Trust today and discover how we can support your financial journey!

Member Eligibility

Joining the Lake Trust community is more than just opening a bank account; it's about becoming part of a supportive network that prioritizes your financial well-being. If you're interested in membership, you'll be pleased to know that eligibility is accessible and straightforward. Whether you live, work, worship, or attend school in our service area, you're likely eligible to join us. We also welcome family members of existing members, making it easy for loved ones to enjoy the benefits we offer together. To explore the full details of our eligibility criteria, feel free to check out our website at this link. Once you've confirmed your eligibility, opening an account with Lake Trust is a breeze! Our team is here to guide you through the process and answer any questions you might have. You can reach us at 734-214-7867 for personalized assistance or visit our online application page at this link. With a welcoming environment and a variety of financial services tailored just for you, becoming a member of Lake Trust means stepping into a world where your financial goals are supported every step of the way.

Business Banking & Commercial Services

Business Loan Options

Imagine having the financial resources to take your business to the next level. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $392 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $96 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $383,124,035, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced market, efficient payment processing is vital. Our merchant services help streamline transactions, enabling you to focus on what matters most growing your business. Whether you need point-of-sale systems or online payment options, we tailor our services to fit your needs. Located at 2222 Packard St Ann Arbor Mi 48104 in Ann Arbor, MI, our team is ready to partner with you on your journey to success. Contact us at (734) 214-7867 today to learn more about how we can assist your business!

Comprehensive List Of Services

Business Banking

For local entrepreneurs and business owners, our business banking services, including merchant services and business loans, are designed to support your growth. We understand the challenges of running a business, and we're committed to helping you succeed.

Conclusion

At Lake Trust in Ann Arbor, MI, we're not just about banking; we're about building relationships with our members while offering the tools they need for financial success. With friendly staff ready to assist you at every turn and a variety of services designed around your needs, we invite you to visit us or contact us at 734-214-7867 for any inquiries. Take control of your financial future today! Explore all that Lake Trust has to offer by visiting us or checking out our website at Lake Trust. Your journey toward smarter banking starts here!

Credit Options

We know that having access to credit is vital in today's world. That's why we provide credit cards with rewards, giving you the chance to earn points on every purchase you make. This way, you can enjoy perks while managing your expenses.

Digital Banking

In today's fast-paced environment, having access to banking from anywhere is essential. That's why Lake Trust offers robust online and mobile banking solutions. You can check balances, transfer money, and even make payments right from your smartphone or computer anytime you need it! Plus, with ATM access available 24/7 for cash withdrawals and balance checks, managing your finances has never been easier.

Personal Banking

When it comes to managing your money, we understand that convenience and flexibility are key. Our checking and savings accounts offer various features designed to help you save more effectively and manage your daily transactions with ease. If you're dreaming of a new car or need funds for an important purchase, our auto loans and vehicle financing options provide competitive rates and flexible terms. For those looking to invest in a home, we offer comprehensive mortgage loans and refinancing solutions tailored to your specific situation. Whether you're buying your first home or refinancing an existing mortgage, our team is here to guide you through the process. Additionally, our personal loans and debt consolidation services can help simplify your finances by consolidating multiple debts into one manageable payment.

Digital & Online Banking

Key Features

Our online banking service is available 24/7, allowing you to check balances, pay bills, and transfer funds with just a few clicks. Whether you're at home or on the go, you have complete control over your accounts. For those who prefer using their mobile devices, our mobile application makes banking even simpler. You can easily make mobile payments and enjoy person-to-person transfers without the hassle of cash or checks.

Security First

We prioritize your security while offering these digital solutions. Our platform ensures that all transactions are safe and encrypted, so you can bank with peace of mind. Plus, if you ever need to access important documents like statements, e-statements are readily available for your convenience.

User-Friendly Experience

Managing your accounts has never been easier. With features like electronic signature authorization (which we currently do not offer), you can streamline processes without needing to visit a branch in person. Even though we don't have this feature yet, we continuously strive to enhance our services based on member feedback. Experience the modern way of banking with us at Lake Trust. Explore our digital offerings today by visiting https://laketrust.org/ and discover how easy it is to stay connected to your finances!

Financial Strength

Growing Member Base

We currently have a total of 347,904 share accounts, showing a strong and growing member base that trusts us with their finances. Our net shares (funds available for lending and investments) stand at $0, further enhancing our ability to support your financial needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Lake Trust is your trusted partner. Visit us at 2222 Packard St Ann Arbor Mi 48104 or call (734) 214-7867 to learn more about how we can help you achieve your financial goals.

Investment in the Future

With $191,939,705 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to responsible lending is reflected in our $26,023 in used auto loans and $1,959,922,656 in total loans and leases. This lending capacity supports our members' financial goals across various sectors.

Member-Centric Savings

Members' savings are secured through $544,882,520 in share certificates and $416,960,753 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is highlighted by our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 474 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $285,804,845, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,082 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $410,972,000 in used vehicle loans and $92,290,479 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, our flexible terms make financing easy and accessible.

Business Financing

For business owners seeking growth opportunities, our outstanding commercial loans totaling $383,124,035 provide the capital needed to expand operations or invest in new projects. At Lake Trust, we're committed to supporting local businesses and fostering economic development within our community.

Eligibility and Refinancing Options

We encourage you to explore our eligibility options and refinancing opportunities that can help you save money over time. For more details on how to qualify for any of our loan products or if you're interested in refinancing an existing loan for better rates or terms, please don't hesitate to reach out. For more information about any of these loan offerings or to discuss your specific financial needs with one of our team members, give us a call at 734-214-7867. We're here to guide you through the process and help you make informed decisions tailored to your situation. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let Lake Trust be your trusted partner in achieving financial success!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $51,534,254, making buying or refinancing simple. We believe that securing your dream home shouldn't be complicated. That's why we provide straightforward processes and dedicated support throughout your mortgage journey.

Unsecured Credit Card Loans

Managing everyday expenses can sometimes feel overwhelming. We also offer flexible terms on unsecured credit card loans, with a total of $34,292,642 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits that fit your lifestyle while allowing you to maintain control over your spending.

Loan Aggregator

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How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment ensures that all offers presented are fair and transparent, allowing users to trust the information they receive.

Lake Trust