Lake Trust Credit Union in Michigan vs the state
43.8%Denial rate+25.25 pts vs state
44.1%Decision denial rate+21.51 pts vs state
54.7%Origination rate-5.23 pts vs state
7.39%Median rate+0.64 pts vs state
1.34Rate spread (pts)+0.94 pts vs state
$95kMedian applicant income
522Loans originated
418Denied
Trend in Michigan
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 957 | 470 | 48.9% | 8.25% | #73 |
| 2024 | 831 | 447 | 43.1% | 8.50% | #83 |
| 2025 | 955 | 522 | 43.8% | 7.39% | #77 |
What Lake Trust Credit Union lends in Michigan
By loan purpose
By loan type
Why it denied Michigan applicants
Where in Michigan
Counties with the most Lake Trust Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Livingston County | 197 | 117 | 78 | 39.6% |
| Ingham County | 117 | 70 | 46 | 39.3% |
| Washtenaw County | 104 | 56 | 47 | 45.2% |
| Wayne County | 92 | 39 | 50 | 54.3% |
| Eaton County | 73 | 36 | 36 | 49.3% |
| Barry County | 63 | 42 | 21 | 33.3% |
| Oakland County | 58 | 32 | 24 | 41.4% |
| Ottawa County | 47 | 29 | 16 | 34.0% |
| Macomb County | 37 | 19 | 16 | 43.2% |
| Clinton County | 34 | 19 | 15 | 44.1% |
Other large lenders in Michigan
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 30,644 | 16.3% | 6.75% |
| United Shore Financial Services | B | 29,330 | 11.7% | 6.60% |
| The Huntington National Bank | D | 20,047 | 30.0% | 7.49% |
| Lake Michigan Credit Union | A | 16,662 | 5.6% | 6.75% |
| Fifth Third Bank | D | 11,176 | 26.4% | 7.50% |
| 21st Mortgage | F | 7,424 | 53.4% | 11.04% |
| Citizens Bank | C | 6,592 | 29.0% | 7.65% |
| Triad Financial Services | D | 6,426 | 56.1% | 8.49% |
| Union Home Mortgage | B | 5,303 | 4.3% | 6.75% |
| PNC Bank | D | 5,161 | 26.3% | 7.36% |
Frequently asked questions
Michigan: 955 applications in 2025, of which 522 were originated and 418 denied.
43.8% of all applications, or 44.1% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.
The median rate on loans Lake Trust Credit Union originated in Michigan in 2025 was 7.39%, against a statewide median of 6.75%.
About this data. Figures are Lake Trust Credit Union's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology