Lake Michigan Credit Union
Total assets
$16.86B
▲ +14.3% YoY
Shares & deposits
$14.40B
▲ +14.9% YoY
Loans
$13.38B
▲ +8.9% YoY
Members
530,662
▲ +5.5% YoY
ROA (annualized)
1.28%
peers 0.77%
ROE (annualized)
11.41%
peers 7.68%
Peer comparison 24 credit unions with 10B+ in assets
| Metric | This credit union | Peer median | Δ |
|---|---|---|---|
| Asset growth (YoY) | +14.3% | +7.0% | +7.2 pts |
| Share growth (YoY) | +14.9% | +6.8% | +8.1 pts |
| Loan growth (YoY) | +8.8% | +6.8% | +2.1 pts |
| ROA | 1.28% | 0.77% | +0.5 pts |
| ROE | 11.4% | 7.7% | +3.7 pts |
ROA ranks in the 78th percentile of its peer group · Q1 2026
Profile
- Established
- 1933
- Charter
- FISCU
- Primary regulator
- NCUA
- NCUA peer group
- Peer group 6
- Address
- Po Box 2848, Grand Rapids, MI, 49501
- NCUA charter #
- 62514
- RSSD ID
- 651596
- Latest call report
- Q1 2026
Total assets last 8 quarters
Members last 8 quarters
Quarterly financials NCUA 5300 call report
| Quarter | Assets | Shares | Loans | Net worth | Net income YTD | ROA | NIM | Delinquency | Members |
|---|---|---|---|---|---|---|---|---|---|
| Q1 2026 | $16.86B | $14.40B | $13.38B | $1.90B | $54.1M | 1.28% | 2.52% | 0.43% | 530,662 |
| Q4 2025 | $15.95B | $13.56B | $13.20B | $1.84B | $208.2M | 1.30% | 2.55% | 0.48% | 523,449 |
| Q3 2025 | $15.21B | $12.87B | $13.09B | $1.81B | $156.2M | 1.37% | 2.66% | 0.34% | 517,086 |
| Q2 2025 | $14.86B | $12.54B | $12.62B | $1.76B | $106.4M | 1.43% | 2.68% | 0.35% | 508,470 |
| Q1 2025 | $14.76B | $12.54B | $12.29B | $1.71B | $52.3M | 1.42% | 2.62% | 0.33% | 502,983 |
| Q4 2024 | $14.53B | $12.35B | $12.07B | $1.66B | $149.3M | 1.03% | 2.19% | 0.34% | 499,044 |
| Q3 2024 | $14.38B | $12.19B | $11.98B | $1.64B | $110.9M | 1.03% | 2.15% | 0.38% | 496,820 |
| Q2 2024 | $14.26B | $12.07B | $11.87B | $1.60B | $74.2M | 1.04% | 2.13% | 0.27% | 493,257 |
Loan mix (Q1 2026): real estate $9.13B · commercial $2.14B · consumer $1.48B · securities $599.1M
Ratio pack Q1 2026 · peer medians from 24 institutions
Profitability
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Return on assets Annualized net income ÷ assets | 1.28% | 0.77% | 78th | |
Return on equity Annualized net income ÷ equity or net worth | 11.4% | 7.7% | 74th | |
Net interest margin Interest income − interest expense, ÷ assets | 2.52% | 3.08% | 9th | |
Efficiency ratio Operating expense ÷ revenue — lower is leaner | 59.4% | 62.8% | 30th | |
Non-interest income share Fees and other income as a share of total revenue | 00.0% | 00.0% | ||
Cost of funds Annualized interest expense ÷ deposits | 00.0% | 00.0% |
Balance sheet
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loan-to-deposit Loans ÷ deposits (shares). Above ~90% needs funding; below ~60% needs loan demand | 00.0% | 00.0% | ||
Loans-to-assets How much of the balance sheet is lent out | 00.0% | 00.0% | ||
Securities-to-assets Investment portfolio as a share of assets | 00.0% | 00.0% | ||
Cash-to-assets On-balance-sheet liquidity | 00.0% | 00.0% |
Capital
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Capital ratio Tier 1 capital (banks) or net worth (CUs) ÷ assets. NCUA well-capitalized line: 7% | 00.0% | 00.0% |
Credit quality
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Nonperforming / delinquency Banks: nonperforming assets ÷ assets. CUs: 60+ day delinquent loans ÷ loans | 00.0% | 00.0% | ||
Net charge-off rate Annualized charge-offs net of recoveries ÷ loans | 00.0% | 00.0% | ||
CRE concentration Commercial real estate loans ÷ capital. Regulators flag banks above 300% | 00.0% | 00.0% |
Franchise
| Ratio | Value | Trend (8q) | Peer median | Peer percentile |
|---|---|---|---|---|
Loans per member Member borrowing depth | 00.0% | 00.0% | ||
Deposits per member Member relationship depth | 00.0% | 00.0% |
12 more ratios, with trends and peer percentiles.
See Pro plan →The full ratio pack is part of CharterBench Pro.
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