Lake Trust Credit Union Detroit MI | Quick Personal Loans & Top Checking

Introduction

Welcome to Lake Trust, your trusted partner in financial well-being since 1944. Located at 1 Energy Plz 230, Detroit, MI 48226, our branch is dedicated to serving the community with a personal touch and a commitment to member satisfaction. With over 178,606 members, we pride ourselves on creating meaningful relationships and fostering financial growth. At Lake Trust, we understand that every dollar counts. Our total assets stand strong at $2,639,209,943, reflecting our ability to support our members' needs effectively. Whether you're looking for personal banking solutions like checking and savings accounts or seeking loans for your next vehicle or home, we have tailored options just for you. Our CEO, David Snodgrass, along with Board President Michael Solo, leads a passionate team of 477 employees who are here to assist you every step of the way. With a net worth of $285,804,845 and total deposits reaching $165,763,797, we ensure your money is secure while helping you reach your financial goals. While members can visit us at our branch address, official correspondence should be sent to the same address for consistency: 1 Energy Plz # 230, Detroit, MI 48226. We encourage you to reach out to us at 313-962-2727 for any questions or assistance. Join us today and experience the Lake Trust difference! Visit our website at Lake Trust or come see us in person we're here to help you thrive financially!

Branch History & Mission

At Lake Trust, we celebrate a rich legacy that began in 1944 in Detroit, MI. From our humble beginnings, we have grown into a trusted financial partner for over 178,000 members. Our journey is marked by a commitment to provide not only exceptional financial services but also to uplift and empower the communities we serve. Located at 1 Energy Plz 230, Detroit, MI 48226, our branch stands as a beacon of support amidst the bustling city. We are proud to be part of this vibrant community and strive to foster positive change through various outreach initiatives and partnerships. While members can visit us at our branch, official correspondence should be sent to 1 Energy Plz # 230, Detroit, MI 48226. Our mission is simple yet profound: to enhance the financial well-being of our members while promoting community growth. We aim to deliver personalized banking experiences with services that include checking and savings accounts, auto loans, mortgages, personal loans, credit cards with rewards, and business banking solutions. With total assets exceeding $2.6 billion, we ensure that our members have access to a wide range of financial tools designed to meet their needs. As technology evolves, so do we. Our digital advancements allow for convenient online and mobile banking options, ensuring that managing your finances is easy and accessible anytime, anywhere. We are committed to being ADA compliant and providing customer-centric services that prioritize your experience. Lake Trust also values community involvement; our outreach efforts focus on supporting local organizations and initiatives that make a real difference in people's lives. Together with our members, we work towards building a stronger future for everyone in Detroit. With operating hours from Tuesday through Thursday from 8 AM to 3 PM, we invite you to visit us during these times or connect with us via phone at 313-962-2727. Join Lake Trust today and become part of a community dedicated to your success and financial health. Experience firsthand the benefits of membership because together, we can achieve great things! Visit us online at Lake Trust for more information on how you can get started.

Branch Location & Accessibility

A Warm Invitation

At Lake Trust, we're dedicated to providing personalized financial services tailored to your needs from checking and savings accounts to auto loans and mortgages. We would love for you to stop by and experience the community-focused service that sets us apart. Visit us soon!

Convenient Access and Amenities

At Lake Trust, we prioritize your convenience. Our branch features accessible parking and ADA-compliant entryways to ensure everyone can visit us without hassle. While we don't offer drive-thru services here, we do have an ATM available for quick withdrawals and balance checks whenever you need them.

Operating Hours

We know how busy life can get! That's why our lobby is open on Tuesday through Thursday from 8 AM to 3 PM. If you find yourself in need of banking services during these hours, we invite you to come in and see how we can assist you. Feel free to give us a call at 313-962-2727 if you have any questions or if you'd like to set up an appointment.

Member Eligibility

Becoming a member of Lake Trust feels like joining a warm, welcoming family where your financial needs come first. To qualify for membership, you simply need to be an individual or organization that meets certain criteria, such as living, working, or worshipping in the community we serve. Whether you're looking to open a checking account or explore loan options, we strive to make the process straightforward and inclusive. You can find all the specific eligibility details on our website at https://laketrust.org/personal/banking/become-a-member?hslang=en, which is a great resource for understanding what it takes to join our community. Once you know you're eligible, opening an account is just a few clicks away! We're here to guide you through each step of the process, ensuring you feel supported along the way. If you have any questions or need assistance, don't hesitate to give us a call at (313) 962-2727. Join us at Lake Trust, located at 1 Energy Plz 230 Detroit Mi 48226, and start enjoying the benefits of being part of our credit union today!

Business Banking & Commercial Services

Commercial Loans That Drive 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 Tailored for You

Imagine seamlessly accepting payments from your customers while keeping track of every transaction with ease. Our merchant services do just that, allowing you to focus on what you do best running your business. With simple integration options and reliable support, you'll have everything you need to manage sales effectively. Visit us at 1 Energy Plz 230 Detroit Mi 48226 in Detroit, MI, or give us a call at (313) 962-2727 to learn how we can help your business thrive!

Comprehensive List Of Services

Business Banking Services

For small business owners, Lake Trust provides robust business banking solutions, including merchant services and business loans. We understand the challenges of running a business and are here to help simplify your financial management.

Convenient Access

To ensure that banking with us is as easy as possible, we also provide essential services such as ATM access for cash withdrawals and balance checks. With ATMs available at our branch, accessing your funds is quick and convenient. Whether you're at home or on the go, our digital tools empower you to manage your finances whenever it suits you best. You can easily make payments, transfer funds between accounts, or even send money to friends through our person-to-person payment feature. If you have any questions about our services or want to get started today, feel free to call us at 313-962-2727. Our friendly staff is eager to assist you! Ready to take control of your financial future? Visit us in person or check out more about becoming a member here. We look forward to serving you!

Credit Card Options

Additionally, we offer credit cards with rewards that allow you to earn points for every purchase. Whether it's for travel, groceries, or dining out, these rewards can help you save money while enjoying your everyday spending.

Personal Banking Solutions

Understanding that everyone has different banking needs, we offer an extensive selection of personal banking options. Our checking and savings accounts are designed to provide flexibility and ease of access, ensuring that you can manage your finances effortlessly. Imagine having the ability to check your balance or transfer funds right from your smartphone using our online and mobile banking services. You can also set up alerts to help you stay on top of your budget. When it comes to larger purchases, like buying a new car or home, we have you covered with competitive auto loans and vehicle financing as well as mortgage loans and refinancing options. These products are crafted to make the financing process straightforward and manageable for you. If you're considering consolidating debt or need some extra cash for personal projects, our personal loans and debt consolidation services can provide the relief you need.

Digital & Online Banking

Key Features of Our Digital Banking Services

With our user-friendly online banking platform, you can quickly check your balance, transfer funds, and pay bills all without needing to visit a branch. Enjoy the benefits of e-statements, which provide a safe and eco-friendly way to keep track of your financial records. You can say goodbye to paper clutter while keeping everything organized in one place. Need to send money to a friend? Our person-to-person transfer feature makes it simple and fast. Just a few taps on your mobile device, and the money is sent! Plus, if you're out shopping, our mobile payments feature allows you to make purchases directly from your smartphone no need for cash or cards.

Stay Connected with Our Mobile Application

For added convenience, download our mobile application. It's designed for easy navigation and real-time updates about your accounts. Whether you're checking transaction history or making quick transfers, everything is just a click away. And rest assured, your security is our top priority; while we currently do not offer electronic signature authorization, we implement robust measures to protect your personal information. In short, our digital banking services at Lake Trust are crafted to enhance your banking experience. With ease-of-use and accessibility in mind, you can manage your finances confidently anytime, anywhere. Experience the future of banking today!

Financial Strength

Commitment to Innovation

With $191,939,705 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. This commitment allows us to adapt and grow alongside your needs.

Dedicated Team

Our success also comes from our dedicated team of 474 full-time employees and 3 part-time employees, ensuring that our branches are always ready to serve you with knowledge and commitment. We care about your experience every step of the way.

Growing Member Base

Total Share Accounts: 347,904 show a strong and growing member base that trusts us with their finances. At Lake Trust Credit Union, we strive to create an environment where your money works for you. 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 1 Energy Plz 230 or call 313-962-2727 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

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.

Our 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 1082 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Supporting Your Goals

We are proud to provide our members with $26,023 in used auto loans and an impressive $1,959,922,656 in total loans and leases. This robust lending capacity supports your financial goals across various sectors. Additionally, our operational efficiency is reflected by our net income of $0, which enables us to continue offering competitive loan rates and solid financial products for our members.

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 are interested in financing a new or used vehicle, our team will work with you to find terms that fit your budget.

Business Financing

For business owners looking to expand or grow their operations, our outstanding commercial loans totaling $383,124,035 provide the capital needed for development. We understand that every business has unique needs and are committed to supporting your journey.

Credit Lines and Personal Loans

We also provide flexible credit line options totaling $497,547,000 to give you access to funds when you need them most. Additionally, our unsecured credit card loans total $34,292,642, allowing members to manage their finances effectively with convenient repayment terms.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $51,534,254, designed to help you secure your ideal living situation without unnecessary stress.

Refinancing Options

If you're considering refinancing existing loans or need assistance with eligibility options for any of our products, please ask us about the various solutions available. We aim to provide tailored services that align with your financial objectives. Our performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Lake Trust, we're dedicated to empowering our members through accessible and affordable financial products. Visit us today or check out our website at Lake Trust to learn more about how we can help you achieve your goals!

Loan Aggregator

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Lake Trust