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
| $0.00 - $4,999.99 | 0.15% APY |
|---|---|
| $5,000.00+ | 0.30% APY |
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 Details
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 | Lake Michigan Credit Union's HSA Website open_in_new |
|---|---|
| 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 |