Lake Trust Credit Union Detroit MI | Affordable Auto Loans & Online Banking

Introduction

Welcome to Lake Trust, your trusted financial partner since 1944! Located at 6505 Woodward Ave, Detroit, MI 48202, our branch is committed to serving our vibrant community with a personal touch. With over 178,606 members, we pride ourselves on offering a range of financial services tailored to meet your needs, whether you're looking for checking and savings accounts, auto loans, or business banking solutions. At Lake Trust, we understand that every member's financial journey is unique. That's why we manage an impressive $2,639,209,943 in total assets and have facilitated over 73,602 loans and leases to help our members achieve their goals. Our commitment to you goes beyond just numbers; it's about building relationships grounded in trust and transparency. While you can visit us directly at our branch location for all your banking needs, please remember that official correspondence should be sent to the same address: 6505 Woodward Avenue, Detroit, MI 48202. Our experienced team of 477 dedicated employees, led by CEO David Snodgrass and Board President Michael Solo, is here to assist you with any inquiries or support you might need. We invite you to explore the many ways Lake Trust can enhance your financial well-being. Whether through our user-friendly online banking platform or our convenient ATM services available 24/7, we're here for you every step of the way. Feel free to reach out at 888-267-7200 or visit us online at Lake Trust for more information. Join us today and experience the Lake Trust difference a community-focused credit union that truly cares about your financial success!

Branch History & Mission

Welcome to Lake Trust, a beacon of community spirit and financial empowerment in Detroit, MI. Since opening our doors in 1944, we have proudly served our members with dedication and care, evolving from a small credit union into a significant financial institution with over 178,000 members. Located at 6505 Woodward Ave, our branch is not just a place for transactions; it's a hub for support and growth. As you visit us in the vibrant city of Detroit, you'll find us nestled among local businesses and cultural landmarks that make this area so unique. While members can visit us at 6505 Woodward Ave, official correspondence should be sent to 6505 Woodward Avenue, Detroit, MI 48202. At Lake Trust, our mission is simple yet profound: to enrich the lives of our members by providing personalized financial services while giving back to the communities we serve. This commitment drives every decision we make. We believe that banking should be more than just numbers; it should also be about building relationships and supporting one another. Over the years, we have achieved remarkable milestones. With total assets exceeding $2.6 billion, we have become a trusted partner for individuals seeking everything from checking accounts to auto loans and mortgage refinancing. Our extensive range of services includes personal loans, debt consolidation, business banking solutions, and rewarding credit cards designed with our members' needs in mind. We are not only focused on financial products but also on making banking accessible for everyone. Our branch offers ATM availability for your convenience and operates 24/7 for cash withdrawals and balance checks. Although we currently do not have drive-thru services or shared service centers, we ensure that our digital platforms are robust and user-friendly, enabling easy online and mobile banking options. Community outreach is at the heart of what we do. We actively engage in partnerships that uplift local initiatives and provide resources where they are needed most. Our efforts reflect a deep-rooted belief that when our community thrives, we all benefit. As you consider joining Lake Trust, know that you're becoming part of something special a community committed to helping each other succeed financially while fostering a supportive environment for all. Explore the benefits of membership today by visiting us or calling 888-267-7200. Together, let's build a brighter future!

Branch Location & Accessibility

Convenient Access

Getting to our branch is a breeze. We offer ample parking for your convenience, so you can visit without any hassle. Our location is designed with accessibility in mind, featuring ADA-compliant entrances and pathways, ensuring everyone can reach us easily. While members can visit us at 6505 Woodward Ave, official correspondence should be sent to the same address as our mailing address: 6505 Woodward Avenue, Detroit, MI 48202.

Get in Touch

Have questions or want more information? Feel free to call us at 888-267-7200! We'd love for you to drop by our branch or give us a call so we can assist you with all your banking needs. Come see how Lake Trust makes banking easy and accessible for everyone!

Operating Hours

We know that life can be busy, which is why our operating hours are tailored to fit your schedule. You can come see us Monday through Thursday from 9 AM to 5:30 PM and Friday until 6 PM. If you're looking to visit on Saturday, we're open from 9 AM to 1 PM as well. For those who need access outside of regular hours, our VTM (Video Teller Machine) is available Monday through Friday from 7 AM to 7 PM and Saturday from 9 AM to 1 PM. Plus, our ATM services are accessible around the clock!

Services Offered

At Lake Trust, we pride ourselves on offering a wide range of services that cater to your financial needs. From checking and savings accounts to auto loans and personal loans, we've got you covered. Our friendly staff is ready to help you navigate your options and find what works best for you.

Member Eligibility

At Lake Trust, we believe that everyone deserves a place in our supportive community. If you're looking to join us at our welcoming location on 6505 Woodward Ave Detroit Mi 48202, you'll find that becoming a member is simple and inclusive. To be eligible, you should either live, work, worship, or attend school in the areas we serve or have a family member who is already a member. This means you can easily connect with us and enjoy all the benefits that come with membership, like personalized service and a range of financial products designed just for you. Ready to take the next step? Opening an account at Lake Trust is a breeze! You can find all the details you need about eligibility and how to become a member by visiting our website at https://laketrust.org/personal/banking/become-a-member?hslang=en. If you have any questions or would like to speak with someone directly, feel free to call us at (888) 267-7200. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Business Loans

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

Imagine having a reliable partner who helps you process payments smoothly, allowing you to focus on what truly matters your customers. Our merchant services do just that, offering easy-to-use payment solutions that fit your business needs. Whether you're a small café or a growing retail store, we provide tools that make transactions quick and secure. Located at 6505 Woodward Ave Detroit Mi 48202, Detroit, MI Detroit, we're here to empower your business every step of the way. Reach out today at (888) 267-7200 to learn more about how our business banking and commercial services can help you achieve your goals!

Comprehensive List Of Services

Business Banking Services

For our business members, Lake Trust offers essential Business Banking solutions including Merchant Services and Business Loans. Whether you're just starting out or looking to expand, we provide tailored financial products that help you grow your business effectively.

Convenient Access Anytime

Understanding the importance of accessibility, we offer comprehensive Online & Mobile Banking services that let you manage your finances anytime, anywhere. Need cash on the go? Our ATM services ensure you have quick access to your funds with basic ATM features like withdrawals and balance checks available 24/7. In today's fast-paced world, having a reliable banking partner matters. At Lake Trust in Detroit, MI, we're here to support all aspects of your financial journey with a full suite of services designed just for you. For more information or to speak with one of our friendly representatives, call us at 888-267-7200 or visit us online at Lake Trust. We look forward to helping you achieve your financial goals!

Financial Support and Credit Options

Life can be unpredictable, and sometimes you need extra financial support. Our Personal Loans & Debt Consolidation options allow you to consolidate expenses or take care of unexpected costs smoothly. Plus, our Credit Cards with Rewards not only give you purchasing power but also earn you rewards on everyday spending perfect for treating yourself later!

Personal Banking Solutions

When it comes to personal banking, we understand that having the right accounts can make all the difference. That's why we offer Checking & Savings Accounts designed for your everyday needs. Imagine managing your finances effortlessly with our user-friendly online and mobile banking platforms. You can check your balance, transfer funds, and pay bills all from your smartphone or computer! If you're thinking about purchasing a vehicle, our Auto Loans & Vehicle Financing options provide competitive rates and flexible terms. Picture driving off in your dream car without breaking the bank! For those considering homeownership, our Mortgage Loans & Refinancing services are here to guide you through the process, ensuring you find the best mortgage solution for your situation.

Digital & Online Banking

Access Anytime, Anywhere

With our robust online banking platform available at https://laketrust.org/, you can check balances, pay bills, and transfer funds all from the comfort of your home or while out and about. Enjoy 24/7 access to your accounts, ensuring you have real-time control over your finances whenever you need it.

Security You Can Trust

We prioritize your security by providing safe online transactions and protecting your personal information. Although we don't currently offer electronic signature authorization, our commitment to safeguarding your data remains unwavering. You can bank with peace of mind knowing that we are dedicated to keeping your information secure. At Lake Trust, we strive to make banking accessible and straightforward for all our members. With easy navigation through our online services and mobile app features, managing your money has never been simpler. Join us today and experience the future of banking!

User-Friendly Mobile Solutions

For those who prefer mobile banking, our user-friendly mobile application makes banking even more convenient. You can download it on your smartphone to make payments using our mobile payments feature or send money easily with person-to-person transfers. Plus, e-statements are available for quick access to your financial documents without any clutter.

Financial Strength

Commitment to 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 $1,959,922,656 in total loans and leases.

Growing Trust

Total Share Accounts: 347,904, show a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0 provide additional assurance of our capability to meet your 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 6505 Woodward Ave Detroit Mi 48202 or call (888) 267-7200 to learn more about how we can help you achieve your financial goals.

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 $0 reflects our operational efficiency, 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 Foundations

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 interested in financing a brand-new model or a reliable pre-owned car, we have options that fit your budget.

Credit Lines

For those who need ongoing access to funds for various expenses or projects, our total credit lines amounting to $497,547,000 provide the flexibility you need. This can be particularly useful for managing cash flow or unexpected costs. For business owners seeking growth opportunities, our outstanding commercial loans totaling $383,124,035 provide the capital needed to expand operations and invest in your vision. If you're considering refinancing or want to check your eligibility for any of our loan products, please reach out. We're here to guide you through the process and find the best solution tailored for you. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Feel free to contact us at 888-267-7200 or visit us at 6505 Woodward Ave Detroit Mi 48202 for more information about how we can assist you with our loan offerings!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $51,534,254, make buying or refinancing simple. We aim to make the process as smooth as possible so you can focus on what matters most making your house a home.

Unsecured Credit Card Loans

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. This is perfect for those looking for an easy way to handle everyday purchases while earning rewards.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate Comparisons

LendMesh takes pride in offering accurate loan comparisons. The 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 ensures that users receive fair and transparent offers without hidden terms or conditions.

Lake Trust