Product and Services

Savings Account

100

Membership shavings: Minimum Balance to Avoid Monthly Fee

$300

200

What makes someone eligible to be a Lake Trust Member

• All persons who live, work, worship or attend school in all counties that comprise the State of Michigan.
• Retirees of legal entities which are located in the counties that comprise the State of Michigan.
• Any legal entity that is comprised for the most part of the same general group as the membership of the credit union as outlined above.
• Members and immediate families of the foregoing.
• A spouse of a deceased member. 

300

Features of Money Market Savings

Interest computed daily and paid monthly*
- Free Cashier's Checks issued from account*
-Free Checks (PMC110)

400

What day do we transfer funds for Holiday Savings

 Holiday Savings are to transfer the evening of Oct 1st you must create an annual preauthorized transaction

500

Savings for members under 18

Youth Membership Savings

Checking Accounts

100

Transaction account with No minimum balance & No monthly maintenance charge.

Easy Checking Accounts

200

Money Market Savings Minimum Balance to Avoid Monthly Fee

$1000 or $5000 combined

300

Overdraft protection options

Draw/Transfer from Savings or LOC

Courtesy Pay

Debit Card Coverage AKA Reg E OD Opt-In

400

ASPIRE Debit Card Daily Limits

$100 ATM withdraw & $500 POS

500

 Who would be offered a aspire checking account

Aspire Checking is a product aimed at serving the unbanked.  Members who do not qualify for a standard Easy Checking MAY BE offered an Aspire Checking account

Specialty Account

100

Social Security appoints one person financially responsible for anothers' social security payment.

Representative Payee

200

An account used to manage the assets of the deceased

Estate

300

Requires a Certificate of Trust

Trust Revocable Living

400

Appointed by the court to handle the finances of the deceased.

Personal Representative

500

A legal order for one person to handle finances for another

Conservatorship

CD

100

Minimum open balance

$500.00

200

Benefits of CD

- No risk                            
- Peace of mind                
- Diversification of funds
- Easy, convenient, and secure
- Earn more interest on higher balance

300

what is a Save to Win CD

A one year time deposit that will give members a chance to win monthly and quarterly cash prizes

400

Minimum deposit for Aspire CD

$50.00

500

Does the Aspire CD allow additional deposits?

Time deposit allowing additional deposits toward a savings goal. Early withdrawal is allowed when goal is reached.

Lending

100

Vehicle is used as collateral for the loan

Auto Loan

200

What's is the minimum credit limit for Credit Cards

$500.00

300

Maximum Loan Term: Up to 60 months *

Maximum $ Amount: 75,000

Signature loan

400

Address we use to place lein

Lake Trust Credit Union, 4605 S. Old US Highway 23, Brighton MI 48114

500

Payments are calculated on the 28th of the month and are based on 3.50% of the outstanding loan balance or $17.50 whichever is greater, this payment is what will be due on the 28th of the following month.

Line of Credit