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Credit Unions Chartered in the State of Michigan

EIN 38-1215360 · Grand Rapids, MI

Public records raise at least one point you should look into before giving.

What it says it does

PROMOTION OF THRIFT AND PROVIDING LOW COST CREDIT AND OTHER FINANCIAL SERVICES FOR ITS MEMBERS THROUGH MUTUAL AND NONPROFIT ORGANIZATION.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

This return does not answer enough of the governance questions to score.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)

LAKE MICHIGAN CREDIT UNION OFFERS NUMEROUS LOAN PRODUCTS TO MEET ITS MEMBERS' NEEDS. AS OF DECEMBER 31, 2025, THE CREDIT UNION HAD APPROXIMATELY 290,500 OUTSTANDING LOANS TO MEMBERS THAT AGGREGATED APPROXIMATELY $13,178,913,000. LOAN PRODUCTS INCLUDE AUTOMOBILE, RESIDENTIAL MORTGAGE, COMMERCIAL MORTGAGE, CREDIT CARD AND PERSONAL LOANS.
LAKE MICHIGAN CREDIT UNION HAS OVER 1,362,000 DEPOSIT ACCOUNTS THAT AGGREGATED APPROXIMATELY $13,562,854,000 AS OF DECEMBER 31, 2025. DEPOSIT PRODUCTS INCLUDE SAVINGS, CHECKING, MONEY MARKET, INDIVIDUAL RETIREMENT ACCOUNTS AND CERTIFICATES.
LAKE MICHIGAN CREDIT UNION OFFERS A WIDE VARIETY OF SERVICES TO ITS MORE THAN 523,000 MEMBERS INCLUDING, BUT NOT LIMITED TO, ONLINE BANKING, MOBILE BANKING, WIRE SERVICES, OVERDRAFT PROTECTION AND DIGITAL WALLET.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(14) credit union.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(14) credit union as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1956.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.