Overview

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Est.

1943

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Lake Trust Credit Union, a nonprofit organization based in the state of 222, is dedicated to empowering its members to understand and experience the benefits of credit union relationships, fostering financial control and mutual success. With an operating budget of $134.8 million and total revenue of $146.4 million for the filing year 2024, the organization emphasizes advocacy and trust, ensuring that members recognize the connection between their benefits and ownership. More information can be found on their website at www.laketrust.org.

Mission Statement

MEMBERS WILL UNDERSTAND AND EXPERIENCE THE BENEFITS OF A CREDIT UNION (CONT'D ON SCH. O) RELATIONSHIP AT A COST JUSTIFIED BY THE RESULTS. MEMBERS HAVE THE CAPABILITY TO EXERCISE CONTROL OVER THEIR FINANCIAL LIVES WHILE SHARING IN THE SUCCESS OF THE ORGANIZATION. MEMBERS EXPERIENCE REWARDS OF A MUTUALLY BENEFICIAL RELATIONSHIP BASED ON ADVOCACY AND TRUST RESULTING IN TRUST AND LOYALTY. MEMBERS VALUE THE LINK BETWEEN THEIR BENEFITS AND THEIR OWNERSHIP.
Revenues
$146.4M
Expenses
$135.2M
Net Income:
+$11.3M
Assets
$2.6B
Liabilities
$2.4B
Net Assets:
+$237.5M
Operating Budget
$134.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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A
Aaron Seybert
Board Member
K
Kathryn Rusak
Board Member
J
Jamie Schriner
Board Member

Frequently Asked Questions

What is CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION’s budget?
In 2024, CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION reported an annual operating budget of around $134.8 million. More detailed financial information is available to registered users.
What causes does CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION support?
CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION supports work in Credit unions.
Where does CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION operate?
CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION is headquartered in Brighton, MI.
What is CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION’s reliance on government grants?
CREDIT UNIONS CHARTERED IN THE STATE OF 222 LAKE TRUST CREDIT UNION relied on government grants for less than 5% of their total revenue in 2024.