Lake Trust Credit Union Chelsea MI | Affordable Auto Loans & Personal Banking

Introduction

Welcome to Lake Trust, your trusted financial partner located in the heart of Chelsea, MI. Since our establishment in 1944, we've been dedicated to serving our community with integrity and commitment. With a robust membership base of over 178,606 members and total assets exceeding $2.6 billion, we pride ourselves on providing personalized banking services tailored to meet your needs. Nestled at 1170 S Main St Ste 100, our Chelsea branch is more than just a location; it's a place where you can feel confident about your financial future. If you need to send official correspondence, please direct it to our mailing address at 1170 S Main St Ste 100, Chelsea, MI 48118-1472. Our friendly team is here to assist you Monday through Saturday, ensuring that banking is convenient and accessible for everyone. Under the leadership of CEO David Snodgrass and Board President Michael Solo, we are committed to making a positive impact in the lives of our members and the community. Our comprehensive range of services includes personal banking options like checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking solutions. At Lake Trust, we understand the importance of being financially secure. That's why we have a solid net worth of $285,804,845 and total deposits amounting to $165,763,797. With cash reserves of $32,552,396, you can trust us to manage your finances responsibly while providing you with exceptional service. We invite you to explore what Lake Trust has to offer. Whether you're looking for a loan or simply want assistance with your account, don't hesitate to reach out. Call us at 734-433-5456 or visit our website at Lake Trust today! Your financial journey starts here let's take it together!

Branch History & Mission

At Lake Trust, our story began in 1944, when we first opened our doors to serve the community of Chelsea, MI. Over the decades, we have grown from a small credit union into a trusted financial partner for over 178,000 members. Our branch is located at 1170 S Main St Ste 100, Chelsea, MI 48118 a convenient spot for our neighbors and friends. Our mission is simple yet powerful: to provide accessible financial services while fostering a strong sense of community. We believe that everyone deserves a chance to achieve their financial dreams, whether that's owning a home, buying a car, or saving for education. By offering personalized service and a range of products from checking accounts to auto loans and mortgages we empower our members to make informed financial choices. As we evolved, we've embraced technology without losing sight of the personal touch that defines us. Members can easily access their accounts online or through our mobile app, making banking more convenient than ever. Our commitment to accessibility includes ADA-compliant facilities and initiatives designed with our members' needs in mind. While members can visit us at our branch address, official correspondence should be sent to the same location: 1170 S Main St Ste 100, Chelsea, MI 48118-1472. Additionally, we're proud to offer ATM services available 24/7 for added convenience. Throughout our history, we've actively engaged with the Chelsea community through partnerships and outreach efforts. From local events to educational workshops on financial literacy, we strive to give back and support those around us. As you consider your financial future, we invite you to join Lake Trust. Experience firsthand the benefits of being part of a member-focused credit union that truly cares about your goals and aspirations. Together, we can build a brighter tomorrow! For more information or to become a member today, please call us at 734-433-5456 or visit us online at Lake Trust.

Branch Location & Accessibility

Accessibility and Nearby Landmarks

Our branch is easy to access, with ample parking available right outside. We strive to make our location welcoming for everyone, featuring ADA-compliant entrances and ramps. Plus, if you need to send us official correspondence, you can do so at the same address: 1170 S Main St Ste 100, Chelsea, MI 48118-1472. Located near popular spots like the Chelsea District Library and the charming downtown area, our branch is perfectly positioned for your convenience. After visiting us, why not take a stroll around the beautiful parks nearby?

Connect With Us

Have questions? We're just a phone call away at 734-433-5456. Come visit us today at the Lake Trust Chelsea Branch and experience how we can support your financial journey!

Operating Hours and Services

We understand that life can be busy. That's why we offer flexible hours to suit your schedule! Our lobby is 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. If you need cash outside of these hours, our ATM is available for withdrawals and balance checks 24/7! At Lake Trust, we pride ourselves on offering a wide range of personal banking services including checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and more. While we don't have drive-thru service at this location, our friendly staff are always ready to assist you inside.

Member Eligibility

Welcome to the Lake Trust community, where becoming a member means joining a family dedicated to your financial well-being. If you live, work, worship, or attend school in Washtenaw County or certain areas of Michigan, you're already on your way to joining us! We're here to support you with personalized services and products that truly meet your needs. To find out more about the eligibility criteria, feel free to check out our detailed guidelines at this link. Joining Lake Trust is simple and welcoming. Whether you're looking for checking and savings accounts, auto loans, or even mortgage options, we have something for everyone. Opening an account is just as easy just visit us at our branch located at 1170 S Main St Ste 100, Chelsea, MI 48118 or give us a call at 734-433-5456. We can't wait to help you start your journey with us!

Business Banking & Commercial Services

Commercial Loans That Fuel Growth

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 That Make Transactions Easy

Imagine running your business smoothly while providing customers with convenient payment options. Our merchant services allow you to accept payments easily, whether online or in-store. By streamlining transactions, you can focus more on what matters most growing your business. Visit us at 1170 S Main St Ste 100 Chelsea Mi 48118 in Chelsea, MI or call us at (734) 433-5456 to learn more about how our business banking services can help you thrive!

Comprehensive List Of Services

Additional Financial Solutions

In times of need, our Personal Loans & Debt Consolidation options can help relieve financial stress by providing funds for unexpected expenses or combining high-interest debts into one manageable payment. Don't forget about our Credit Cards with Rewards, perfect for everyday spending. You can earn points on purchases that can be redeemed for cash back or travel benefits, making your spending work for you.

Business Banking Options

For small business owners, we offer specialized services like Merchant Services & Business Loans. Whether you're just starting out or looking to expand, we have solutions tailored to meet your business's unique needs.

Convenient Online and Mobile Banking

Our commitment to convenience extends into the digital realm as well. With our Online & Mobile Banking, managing your finances has never been easier. You can check balances, transfer funds, and even pay bills from anywhere at any time using our user-friendly mobile app. Plus, with ATM & Cash Withdrawal Services available 24/7, accessing your money is simple and straightforward. In addition to basic ATM access for withdrawals and balance checks, our Chelsea Branch provides personalized member services where you can get assistance directly from our friendly staff.

Get Started Today!

Visit us at 1170 S Main St Ste 100, Chelsea, MI 48118, or give us a call at 734-433-5456 during our lobby hours: 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. Let Lake Trust be your partner in achieving all your financial goals because we believe in making banking easier for you! For more information about becoming a member or opening an account today, check out our website!

Personal Banking Services

Starting with personal banking, we offer Checking & Savings Accounts tailored to fit different lifestyles and goals. Imagine having a checking account that helps you manage your everyday expenses while earning rewards. Our savings accounts can assist you in building your emergency fund or saving for that dream vacation. If you're considering a new vehicle, our Auto Loans & Vehicle Financing options provide competitive rates and flexible terms. Picture yourself driving off in that new car with manageable monthly payments that suit your budget. For those looking to buy a home or refinance an existing mortgage, our Mortgage Loans & Refinancing services are designed to guide you through the process smoothly. We understand that purchasing a home is one of the most significant investments you'll make, and we're here to ensure you feel supported along the way.

Digital & Online Banking

Access Anytime, Anywhere

With our 24/7 online banking services available at https://laketrust.org/, you can check your balance, pay bills, and transfer money whenever it suits you. Whether you're at home or on the go, you'll have real-time access to your accounts right at your fingertips.

Easy Transactions and Payments

Our mobile application makes banking simple. You can easily send money to friends and family with our person-to-person transfer feature, making sharing expenses a breeze. Plus, our mobile payments option allows you to make purchases quickly and securely from your phone.

Secure and User-Friendly Experience

Your security is our priority. Although we do not currently offer electronic signature authorization, rest assured that all transactions made through our platform are protected with robust security measures. You can bank confidently knowing that your information is safe. In summary, Lake Trust offers a full suite of digital banking services designed to meet your needs with ease and security. Experience the convenience of modern banking by visiting us online today!

Stay Organized with E-Statements

Say goodbye to clutter! With e-statements available at Lake Trust, you can view your account statements online anytime. This not only keeps your financial documents organized but also helps you stay on top of your spending habits.

Financial Strength

Commitment to Excellence

Our operational efficiency is reflected in our net income of $0, which allows 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 and committed team.

Growing Together

We have a strong member base with 347,904 total share accounts, showing that many individuals trust us with their finances. This trust drives us to continually enhance our services and offerings. 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 1170 S Main St Ste 100 Chelsea Mi 48118 or call 734-433-5456 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Member-Centric Savings Options

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.

Reinvesting for Growth

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 lending capacity supports your financial goals across various sectors with $26,023 in used auto loans and a total of $1,959,922,656 in loans and leases.

Solid Financial Foundation

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 1082 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 looking for financing on a brand-new vehicle or a reliable used one, we have options tailored to fit your budget.

Commercial Loans

For business owners, our outstanding commercial loans totaling $383,124,035 provide the capital needed to grow and expand your business. Whether you're starting a new venture or looking to invest in equipment or property, we have solutions that can support your business ambitions. We also recognize that refinancing options may be available if you're looking to lower your monthly payments or access equity from your existing loans. Our team is here to discuss eligibility options tailored to your specific situation. If you're interested in any of these loan products or would like more information about how we can assist you further, feel free to reach out at 734-433-5456 or visit us at our branch located at 1170 S Main St Ste 100 Chelsea Mi 48118. For details on membership eligibility and applications for loans, please visit our website at Lake Trust. 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 us help you navigate your financial journey today!

Credit Lines

For those who need ongoing access to funds, we provide credit lines totaling $497,547,000. This option gives you the flexibility to borrow as needed without having to reapply each time.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Property loans totaling $51,534,254. This could be the right time to secure your dream home with our favorable mortgage terms.

Unsecured Credit Card Loans

Managing everyday expenses can be easier with our unsecured credit card loans. We offer flexible terms and have provided a total of $34,292,642 in these loans to help members manage their finances effectively.

Loan Aggregator

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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 rigorous sourcing ensures that all loan offers are not only accurate but also fair and transparent. Users can trust that the information presented reflects genuine offers from legitimate financial institutions.

Lake Trust