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The Lender Report built this page from public records. Lake Michigan Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Lake Michigan Credit Union itself. Each figure shows its source and date. Work at Lake Michigan Credit Union? You can claim this page for free.
Credit union, Grand Rapids, MI
Lake Michigan Credit Union
A credit union based in Grand Rapids, MI. Its commercial book is led by non-owner-occupied CRE and owner-occupied CRE. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Commercial book
- $2.19B
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 108
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 100
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $17.3B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 616-242-9790 From the NCUA record, June 30, 2026.
- Website
- www.lmcu.orgFrom the NCUA record, November 9, 2026.
- Names it files under
- LAKE MICHIGAN; LMCU; Lake Michigan CUNCUA 5300,
- Address
- PO Box 2848, Grand Rapids, MI 49501NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Lake Michigan Credit Union originated 19 multifamily loans in 2025, versus 6 in 2024. HMDA,
| When | What the record shows | Source |
|---|---|---|
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 71 under Preferred Lender authority, 7 SBA Express.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
| Jun 2025 to Jun 2026 | Non-owner-occupied CRE balance rose 23.1% to $1.1B in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Owner-occupied CRE balance rose 0.9% to $370.5M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Multifamily balance rose 8.2% to $292.6M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Michigan | SBA 7(a), Beer, Wine, and Liquor Retailers | $3.3M | 6.5% | 16 yr | SBA FOIA | |
| Sep 2026 | Michigan | SBA 7(a), Floor Covering Retailers | $1.3M | 7.75% | 25 yr | SBA FOIA | |
| Sep 2026 | Florida | SBA 7(a), Full-Service Restaurants | $680K | 7% | 25 yr | SBA FOIA | |
| Sep 2026 | Michigan | SBA 7(a), Floor Covering Retailers | $200K | 7.75% | 10 yr | SBA FOIA | |
| Aug 2026 | Michigan | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $1.2M | 8.25% | 25 yr | SBA FOIA | |
| Aug 2026 | Michigan | SBA 7(a), General Automotive Repair | $720K | 7.75% | 25 yr | SBA FOIA | |
| Aug 2026 | Michigan | SBA 7(a), All Other Home Furnishings Retailers | $510K | 8.75% | 10 yr | SBA FOIA | |
| Aug 2026 | Michigan | SBA 7(a), Hobby, Toy, and Game Retailers | $240K | 9.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Florida | SBA 7(a), Sports and Recreation Instruction | $520K | 9% | 10 yr | SBA FOIA | |
| 2025 | Kent County, MI | Refinance, 5 to 24 units | $780K | 6.1% | 5 yr | HMDA 2025 | |
| 2025 | Kent County, MI | Refinance, 5 to 24 units | $460K | 6.3% | 5 yr | 29% | HMDA 2025 |
| 2025 | Macomb County, MI | Refinance, 5 to 24 units | $300K | 5.95% | 5 yr | HMDA 2025 | |
| 2025 | Ottawa County, MI | Purchase, 5 to 24 units | $1.9M | 6.35% | 6.6 yr | 70% | HMDA 2025 |
| 2025 | Ottawa County, MI | Purchase, 5 to 24 units | $1.5M | 6.35% | 5.6 yr | 70% | HMDA 2025 |
| 2025 | Grand Rapids-Wyoming-Kentwood, MI | Purchase, 5 to 24 units | $840K | 6.35% | 5 yr | 72% | HMDA 2025 |
| 2025 | Ottawa County, MI | Refinance, 5 to 24 units | $240K | 6.4% | 5 yr | 14% | HMDA 2025 |
| 2025 | Michigan | Purchase, 50 to 99 units | $17M | 6.35% | 7 yr | 74% | HMDA 2025 |
| Sep 2025 | Florida | SBA 504, Other Building Material Dealers | $2.1M | 25 yr | SBA FOIA | ||
| Aug 2025 | Florida | SBA 504, Commercial Printing (except Screen and Books) | $160K | 25 yr | SBA FOIA | ||
| Jan 2025 | Florida | SBA 504, Plumbing, Heating, and Air-Conditioning Contractors | $300K | 25 yr | SBA FOIA | ||
| Oct 2024 | Michigan | SBA 504, Other Services (except Public Administration) | $480K | 25 yr | SBA FOIA | ||
| Jun 2024 | Florida | SBA 504, Veterinary Services | $540K | 25 yr | SBA FOIA | ||
| May 2024 | Florida | SBA 504, Offices of Physicians (except Mental Health Specialists) | $460K | 25 yr | SBA FOIA | ||
| Apr 2024 | Florida | SBA 504, Offices of Lawyers | $350K | 25 yr | SBA FOIA | ||
| Mar 2024 | Florida | SBA 504, Offices of Physicians (except Mental Health Specialists) | $760K | 25 yr | SBA FOIA | ||
| 82 SBA 7(a) loans since October 2023, net of cancelled | $72.5M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $293M | 2.1% | +8.2% | 189 | $1.55M |
| Construction and land development | $282M | 2.1% | +17.0% | 95 | $2.97M |
| Owner-occupied CRE | $371M | 2.7% | +0.9% | 379 | $978K |
| Non-owner-occupied CRE | $1.08B | 7.9% | +23.1% | 466 | $2.32M |
| Farmland | $39.1K | 0.0% | Not reported | 1 | $39.1K |
| Commercial and industrial | $162M | 1.2% | +14.3% | 299 | $542K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $2.19B |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $1.51B |
| Q4 2023 | $1.61B |
| Q1 2024 | $1.61B |
| Q2 2024 | $1.68B |
| Q3 2024 | $1.76B |
| Q4 2024 | $1.78B |
| Q1 2025 | $1.84B |
| Q2 2025 | $1.90B |
| Q3 2025 | $1.98B |
| Q4 2025 | $2.07B |
| Q1 2026 | $2.13B |
| Q2 2026 | $2.19B |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 19 | $111M | $1.75M | $28M | HMDA, |
| Multifamily, 5 or more units | 2024 | 6 | $43.3M | $4.97M | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 234 | $67.5M | $185K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 82 | $72.5M | $517K | $5M | SBA FOIA, |
| SBA 7(a), net of cancelled | 12 months to Sep 2026 | 31 | $33.5M | SBA FOIA, | ||
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 18 | $36.5M | $664K | $11M | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 108 | $232M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 16 | $13.0M | NCUA 5300, | ||
| Construction | First half of 2026 | 24 | $92.5M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 17 | $15.0M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 51 | $112M | NCUA 5300, | ||
| C&I | First half of 2026 | 58 | $27.1M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: its name and state.
| Book | Average loan |
|---|---|
| Construction and land development | $2.97M |
| Multifamily | $1.55M |
| Owner-occupied CRE | $978K |
| Non-owner-occupied CRE | $2.32M |
| Farmland | $39.1K |
| Commercial and industrial | $542K |
| Industry | Loans | Dollars |
|---|---|---|
| Plumbing, Heating, and Air-Conditioning Contractors | 6 | $4.04M |
Other lenders in these fields: SBA lenders for construction trades.
Programs on record: Federal Home Loan Bank member, Indianapolis district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Michigan HQ | 57 | 18 | 194 | 45 | 3 |
| Florida | 24 | 1 | 36 | 37 | 15 |
| Indiana | 0 | 0 | 2 | 0 | 0 |
| Illinois | 0 | 0 | 1 | 0 | 0 |
| West Virginia | 0 | 0 | 1 | 0 | 0 |
| County | Recorded loans | Dollars |
|---|---|---|
| Kent County, MI | 8 | $70.8M |
| Ottawa County, MI | 5 | $13.5M |
| Metro | Recorded loans | Dollars |
|---|---|---|
| Grand Rapids-Wyoming-Kentwood, MI | 14 | $85.1M |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $2.11B | $498M to $2.55B across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $2.53B | $271M to $2.78B across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 119.7% | 29.7% to 149.1% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $292M | $59.3M to $344M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 85.0% | 22.1% to 130.5% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 79.2% | 38.4% to 88.7% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- Preferred Lender authority
- 71 loans (86.6%)
- SBA Express
- 7 loans
- Approval to first disbursement
- 22 days, median of 74
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Michigan State University Credit Union | MI | $8.87B | $1.02B |
| Genisys Credit Union | MI | $6.56B | $721M |
| Dfcu Financial Credit Union | MI | $8.04B | $1.14B |
| Michigan Schools and Government Credit Union | MI | $4.41B | $442M |
| Advia Credit Union | MI | $4.06B | $693M |
| Wings Credit Union | CO | $19.4B | $2.72B |
| Suncoast Credit Union | FL | $20.8B | $734M |
| Idaho Central Credit Union | ID | $15.5B | $1.91B |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Lake Michigan Credit Union, NCUA charter 62514. Compare it with the regulator's record. [NCUA profile]
- Balances. $17.3B in total assets and $2.19B in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 108 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 359 loans in HMDA and SBA files, through September 30, 2026: 19 HMDA multifamily 2025, 6 HMDA multifamily 2024, 234 HMDA 1-4 unit investor 2025, 82 SBA 7(a) in 36 months, 18 SBA 504 first liens in 36 months. [How each file was tied to Lake Michigan Credit Union]
- Phone and website. Phone 616-242-9790, from the NCUA record. Website lmcu.org, from the NCUA record. [How to reach them]
Something wrong? Report it with evidence. It is free, and it works the same for every lender whether it pays or not. Report an error
For the record
Data as of June 30, 2026. Page last changed November 11, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 62514
- RSSD
- 651596
- LEI
- 549300YB1H2FRI6JPM51
- The Lender Report ID
- lr_000132
- Main office county
- Kent
- Members
- 542,287
- NCUA region
- 1 - Eastern
NCUA credit union details,
- Reported $17.3B in total assets as of June 30, 2026 (NCUA 5300).
- Held $2.2B of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $1.1B of non-owner-occupied commercial real estate loans as of June 30, 2026, up 23.1% from a year earlier (NCUA 5300).
- Held $370.5M of owner-occupied commercial real estate loans as of June 30, 2026, up 0.9% from a year earlier (NCUA 5300).
- Held $292.6M of multifamily loans as of June 30, 2026, up 8.2% from a year earlier (NCUA 5300).
- Originated 19 multifamily loans totaling $111.1M in 2025 (HMDA).
7 more sentences
- Originated 6 multifamily loans totaling $43.3M in 2024 (HMDA).
- Originated 234 1-4 unit investor or business-purpose loans totaling $67.5M in 2025 (HMDA).
- Recorded 92 SBA 7(a) approvals totaling $75.7M from October 1, 2023 to September 30, 2026, of which 10 were later cancelled (SBA).
- Provided the first lien on 19 SBA 504 projects with $37.3M in first-lien dollars from October 1, 2023 to September 30, 2026, of which 1 was later cancelled (SBA).
- Originated 108 real-estate-secured commercial loans totaling $232.2M in the first half of 2026 (NCUA 5300).
- Held $31.6M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 81 offices in 2 states (NCUA).
Cite this
Source: The Lender Report, Lake Michigan Credit Union, https://lender.report/lender/lake-michigan-credit-union-mi/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
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Work at Lake Michigan Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem