Where is Lake Michigan CU located?

Lake Michigan CU is located at 5540 Glenwood Hills Pkwy SE GRAND RAPIDS, MI 49512.

How can I contact Lake Michigan CU?

You can contact Lake Michigan CU by phone at (800) 242-9790.

Lake Michigan CU

About

Michigan's largest credit union founded in 1933, serving over 500,000 members with personal and business banking, mortgages, loans, investments, and commercial services across Michigan and Florida

1933

Founded

Reviews & Ratings

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SBA 7(a) Lending Analytics

SBA 7(a) Acquisition Loan Data As Of June 30, 2025

SBA Acquisition Loan Activity

Last 12 Months

0

Last 3 Years

2

YoY Growth

-100.0%

no activity

Loan Size Distribution

As Of June 30, 2025

Median

$536K

Average

$536K

Top Industries Served

Industries with highest loan volume

1

NAICS

loans

N/A

avg. amount

1

NAICS

Loans

Avg. Amount

N/A

2

NAICS

loans

N/A

avg. amount

2

NAICS

Loans

Avg. Amount

N/A

Interest Rate Analysis

All rates shown as spread over Prime Rate

Rate Distribution

Median Rate:Prime + 3.00%

Typical Range:Prime + 3.00% - 3.00%

Min / Max:Prime + 3.00% / 3.00%

Market Comparison

This Lender

Prime + 3.00%

Market Average

Prime + 1.25%

175 bps above market

Default Rate & Risk Profile

As Of June 30, 2025 - 10-year default rate indicates underwriting quality

10-Year Default Rate

0.0%

Bottom 10% of Lenders (Highest Default Rate)

Performance Ranking

100th

Lower is better among all lenders

Geographic Loan Distribution

As Of June 30, 2025 - States by loan volume (darker blue = higher volume)

Low

Medium

High

Very High