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Lake Trust Credit Union is a community-based credit union headquartered in Brighton, Michigan. As a not-for-profit financial cooperative, Lake Trust is owned by members of the credit union and regulated under the authority of the National Credit Union Administration (NCUA). The organization is governed and supervised by an 18-member board of ...
This is a partial list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
Lake Michigan Credit Union was founded in 1933 in Grand Rapids, Michigan, by Lloyd F. Hutt as Grand Rapids Teachers Credit Union. [6] On March 1, 2002, the institution changed its name to Lake Michigan Credit Union. [7] In mid-May 2010, the Kalamazoo-based Citizens Credit Union announced that it planned to merge with Lake Michigan Credit Union.
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
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Turning to a 0% balance transfer credit card or consolidating credit card debt with a personal loan can prove helpful with lowering interest payments, he noted.
BECU is an American credit union based in Tukwila, Washington, in the Seattle metropolitan area. It was named the Boeing Employees' Credit Union for much of its history and originally served employees of The Boeing Company. Membership was later expanded to all residents of Washington and some counties in Oregon and Idaho. [2]