Torch Lake
Verified Information
NCUA Insured
Member-Owned
1 charter
Established in 1955
Contact this credit union directly for detailed information about membership eligibility and current rates.
Membership Eligibility
Anyone who lives, works, or worships in or around Laurium, MI may be eligible to join. Community credit unions are open to the general public within their service area.
Check eligibility on their website →Verified Information
NCUA Insured — deposits protected up to $250,000
Member-Owned — not-for-profit cooperative
1 charter
Established in 1955
Low-Income Designated
Contact this credit union directly for detailed information about membership eligibility, current rates, and services.
Services Offered
Location & Directions
Service Area
This credit union is located in Laurium and serves members in the MI area. Currently serving 1,609 members.
Membership Info:
Contact the credit union to confirm membership eligibility requirements for your area.
Note on Membership
Credit union membership is based on a common bond. Contact this credit union directly to confirm you qualify for membership.
Loan Rates
Rates sourced from NCUA call report data (Q1 2025). Contact the credit union for current rates and terms.
New Auto Loan
5.48%Used Auto Loan
7.45%Personal Loan
10.97%Important: Rates are sourced from NCUA call report filings (Q1 2025) and reflect averages reported by the credit union — not guaranteed quotes. Contact the credit union directly for current rates and terms.
Your actual rate will vary based on your credit score, loan term, and financial profile. Personal loans and credit cards tend to see the most variation.
Best Rates in MI
Lowest rates currently reported by credit unions in MI (NCUA Q1 2025).
Wyandotte, MI
Onaway, MI
Detroit, MI
Niles, MI
Rates from NCUA regulatory filings. Contact credit unions directly for current rates.
Branches & Locations
Branch information not available for this credit union.
Member Reviews
3.5
10 Google reviews
Reviews sourced from Google Maps. Ratings reflect member experiences at this credit union.
View on Google Maps
Brittany Nelson
a year ago
I have used this credit union for years. However, the customer service has deteriorated significantly, with some clerks being extremely rude. I will never go back.
Kira Brewer
7 years ago
Terrible customer service when my dad wanted to get my nephew SSI money out. Never doomg business with them again and going to superior national bank people there are nicer.
Christian Bieser (BumbleBiese)
3 years ago
its a good bank but they need to be specific with their walk-in hours went to go get some money out of checking at about 4:30 and the front sign said drive through only i find that very confusing since they close an hour later
Clifford “Bigblu896” Wilson
2 years ago
Closed due to tower being torn down?
Debbie Frantti
6 years ago
Always treated with respect and pleasantly.
Contact Tips
Best Time to Call
Weekdays 9am–4pm typically have the shortest wait times for new member inquiries.
What to Ask
- • Current loan rates & terms
- • Membership eligibility requirements
- • Minimum deposit to open an account
- • Online & mobile banking features
NCUA Insured
Your deposits are federally insured up to $250,000 per account category by the National Credit Union Administration (NCUA).
Key Information
Phone
(906) 337-5565Website
Visit WebsiteMembers
1,609
Total Assets
$11.8M
Year Opened
1955
Net Worth
Well Capitalized
Designations
Official NCUA Data
All data sourced from the National Credit Union Administration (NCUA).
View NCUA Profile