State credit union · Grand Rapids, Michigan · NCUA charter #62514
Lake Michigan
Health score 97/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 97
- Health / 100
- $15.95B
- Total assets
- 523,449
- Members
- 11.3%
- Net-worth ratio
Lake Michigan scores 97/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $15.95B; members 523,449; net-worth ratio 11.25%; health rank #196 of 4,374; healthier than 95th of scored peers.
5300 filing masthead
NCUA 5300 Call Report Masthead
#196 of 4,374 health · 2025Q4Lake Michigan · health 97/100 · $15.95B · 2025Q4
Call Report peers
Lake Michigan in the assets neighbourhood
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Lake Michigan vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); Lake Michigan sits in 95-99 with 391 others.
97 Top 5% higher than 95% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Lake Michigan vs Over $500M peers
- Largest favorable gap: Loan-to-Share Ratio at 97.34% vs peer 83.90% (+13.44 pp).
Where Lake Michigan sits in Michigan
- In Michigan, health place is #3 of 171 on the same NCUA-ratio sort used nationally.
- By total assets, Lake Michigan is #1 of 171 in Michigan.
- Member book place in Michigan: #1 of 171.
- One place up in Michigan, Christian Financial (#2) scores 99/100, 2 points higher; one place down, PFCU (#4) scores 96/100, 1 point lower.
Quarter path for Lake Michigan
Lake Michigan: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +5.7% from $15.95B (2025Q4) to $16.86B (2026Q1).
- Net-worth ratio shifted -0.30 pp (11.55% → 11.25%).
At 11.25%, this credit union is above the 7.0% NCUA well-capitalized threshold under PCA rules.
How the 97/100 score is built
Lake Michigan gives up 3 points in total. Loan-to-Share Ratio costs the most, 3.3 of its 15; Net Worth Ratio and Delinquency Rate and Return on Assets score full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 15.0 pts
- Member Growth 14.9 pts
- Loan-to-Share Ratio 12.1 pts
Lake Michigan vs peer ratios
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 11.25% | +0.07 pp |
| Delinquency Rate | 0.48% | -0.40 pp |
| Return on Assets | 0.94% | +0.43 pp |
| Member Growth | 4.89% | - |
| Loan-to-Share Ratio | 97.34% | +13.44 pp |
Peer averages: Over $500M cohort, 749 credit unions, 2025Q4 filing.
Lake Michigan filing history
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $16.86B | - |
| 2025Q4 | $15.95B | 523,449 |
| 2024Q4 | $14.53B | 499,044 |
| 2023Q4 | $13.37B | 486,543 |
Credit Union Details
- Charter Number
- 62514
- Type
- State
- Field of Membership
- Other
- Peer Group
- Over $500M
- State
- Michigan
- City
- Grand Rapids
- Data Quarter
- 2025Q4
Branch Locations (81)
The NCUA branch filing lists 81 physical offices for Lake Michigan, spread across 45 cities in 2 states.
| Office | City |
|---|---|
| Prairie Creek (Main Office) | Caledonia, MI |
| Ada | Ada, MI |
| Allendale | Allendale, MI |
| Ann Arbor | Ann Arbor, MI |
| Bonita Beach Rd | Bonita Springs, FL |
| Bradenton - Lakewood Ranch | Bradenton, FL |
| Brighton | Brighton, MI |
| 68th St | Byron Center, MI |
| 84th Street | Byron Center, MI |
| Broadmoor | Caledonia, MI |
| Cape Coral | Cape Coral, FL |
| Del Prado Blvd | Cape Coral, FL |
| Alpine | Comstock Park, MI |
| Downtown Detroit - Woodward Avenue | Detroit, MI |
| Bonita Springs | Estero, FL |
| Estero | Estero, FL |
| Farmington Hills | Farmington HIlls, MI |
| Gulf Coast | Fort Myers, FL |
| Fort Myers - Encore | Fort Myers, FL |
| Summerlin Crossings | Fort Myers, FL |
| Grand Haven | Grand Haven, MI |
| Grand Haven - Robbins Road | Grand Haven, MI |
| Cascade | Grand Rapids, MI |
| Lake Dr Corporate | Grand Rapids, MI |
| Lake Michigan Drive | Grand Rapids, MI |
| Leonard | Grand Rapids, MI |
| Northland | Grand Rapids, MI |
| Saint Mary's | Grand Rapids, MI |
| South Division | Grand Rapids, MI |
| Sparks Dr | Grand Rapids, MI |
| Medical Mile | Grand Rapids, MI |
| East Paris | Grand Rapids, MI |
| Knapp | Grand Rapids, MI |
| Corporate Glenwood | Grand Rapids, MI |
| Glenwood Operations | Grand Rapids, MI |
| 28th St | Grand Rapids, MI |
| Plainfield | Grand Rapids, MI |
| Glenwood Hills 3 | Grand Rapids, MI |
| Greenville | Greenville, MI |
| Holland 8th | Holland, MI |
| Holland - West Shore | Holland, MI |
| Hudsonville | Hudsonville, MI |
| Jenison | Jenison, MI |
| Westnedge | Kalamazoo, MI |
| West Main | Kalamazoo, MI |
| Gull | Kalamazoo, MI |
| Kentwood | Kentwood, MI |
| Lakeland | Lakeland, FL |
| Livonia | Livonia, MI |
| Lowell | Lowell, MI |
| Norton Shores | Muskegon, MI |
| Muskegon | Muskegon, MI |
| North Muskegon | Muskegon, MI |
| Collier | Naples, FL |
| Immokalee | Naples, FL |
| North Naples - Encore | Naples, FL |
| Naples Main - Encore | Naples, FL |
| Berkshire Common | Naples, FL |
| Port Charlotte - Encore | Port Charlotte, FL |
| Portage | Portage, MI |
| Ravenna | Ravenna, MI |
| Rochester Hills | Rochester Hills, MI |
| Rockford | Rockford, MI |
| Saginaw | Saginaw, MI |
| St. Petersburg | Saint Petersburg, FL |
| Sarasota - Downtown | Sarasota, FL |
| Schoolcraft | Schoolcraft, MI |
| Sterling Heights | Sterling Heights, MI |
| Sun City Center - Encore | Sun City Center, FL |
| New Tampa | Tampa, FL |
| South Tampa | Tampa, FL |
| Temple Terrace | Tampa, FL |
| Upper Tampa Bay | Tampa, FL |
| Traverse City | Traverse City, MI |
| Traverse City US 31 | Traverse City, MI |
| Troy | Troy, MI |
| Valrico | Valrico, FL |
| White Lake | White Lake, MI |
| Wyoming | Wyoming, MI |
| Metro | Wyoming, MI |
| Zeeland | Zeeland, MI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Michigan
A look at other Michigan credit unions, ranked by how closely their peer group and asset size match this one.
Nationwide credit unions with similar profiles
Using this data
- Lake Michigan ranks #196 of 4,374 nationally on financial health and #3 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Michigan State University is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Michigan State University
Frequently Asked Questions
Is Lake Michigan financially healthy?
Lake Michigan has a financial health score of 97/100 (Excellent) from its 2025Q4 NCUA 5300 Call Report. It ranks #196 of 4,374 nationally on health and #3 of 171 in Michigan. Its net worth ratio is 11.25% and its delinquency rate 0.48%.
How does Lake Michigan compare to other credit unions?
Lake Michigan scores 97/100, higher than 95% of the 4,374 scored credit unions. Against the 749 peers in the Over $500M cohort, its widest edge is loan-to-share ratio (97.34% vs 83.90%).
How can I join Lake Michigan?
Membership eligibility for Lake Michigan depends on its field of membership - currently: Other. Credit unions typically require a common bond such as employer, location, or association membership. Contact Lake Michigan directly for current membership requirements and application steps.
Is my money safe at Lake Michigan?
Lake Michigan is a state-chartered credit union; its shares are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Lake Michigan's net worth ratio of 11.25% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.