Company Information

Get to know Lake Trust Credit Union

Lake Trust Credit Union is a community-based, state-chartered credit union headquartered in Brighton, Michigan. As a not-for-profit financial cooperative, it is owned and operated by its members. The institution's mission is to improve the financial wellbeing of its members and the communities it serves. Formed from the merger of NuUnion Credit Union and Detroit Edison Credit Union, Lake Trust is also a certified B Corporation, signifying its commitment to high standards of social and environmental performance, accountability, and transparency. It offers a comprehensive suite of financial products, including personal and business banking, loans, mortgages, and investment services.

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Financial BankingPRIMARY
Financial Other Service

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Lake Trust Credit Union

United States

Founded in

1944 (82 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.