Lake Michigan Credit Union

About

When school teacher Lloyd F. Hutt opened the doors of his depression-era home and created a new business, he opened a new chapter in West Michigan banking. Pooling the money of 13 fellow visionary teachers, Hutt created Grand Rapids Teachers Credit Union, which began operations right out of Hutt’s own home. Eighty years later, Hutt would scarcely recognize the expansion of his home-grown company. Decades of steady growth, strategic mergers and the addition of several major service lines have transformed Hutt’s business in ways he could have never foreseen. Lake Michigan Credit Union is now the largest financial institution headquartered in West Michigan.

HSA Program Features

FDIC or NCUA Insured:
check
Min Balance to Open:
$0.00
Features:
  • Debit Card
  • Checks
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0.00 - $4,999.99 0.15% APY
$5,000.00+ 0.30% APY
Last checked on: 03-28-2024. Rates may not be current, please check the provider's website for the latest rates.

Fees


Monthly Maintenance Fee $0.00
Account Opening Fee $0.00
Account Closing Fee $5.00*

* If closed within 90 days of opening the account. $35 if you transfer to another HSA custodian.

HSA Investment Options

Mutual Fund Platform: check_box   Self-Directed Brokerage: close   CDs: close   Other: close

Mutual Fund Details

Investment Threshold: $1,000
Investment Fee: $30 / Year

You can now invest a portion of your Health Savings Account (HSA) balance in stocks, bonds, mutual funds and other investment caliber products. With this new investment opportunity, you can reap the benefits of investing while saving for future medical expenses.

This is a self-directed investment platform, similar to those offered as part of many employee 401k programs. You can invest any balance over $1,000 as you see fit. You'll be able to transfer money from your investment account back to your base HSA balance at any time, to pay for health care needs for you and your dependents.

Contact Information

General Information

Website
Address 4027 Lake Dr SE
Grand Rapids, MI 49546

Customer Service

Mailing Address Lake Michigan Credit Union
P.O. Box 2848
Grand Rapids, MI 49501-2848
Phone Number (800) 242-9790