Torch Lake Federal Credit Union CD Rates, Savings & MMA, Mortgage & Loan Rates, Reviews
Compare Torch Lake Federal Credit Union CD rates to other credit union and bank CD rates by searching our comprehensive rate tables. You can do side-by-side comparisons of Torch Lake Federal Credit Union savings rates, CD rates and money market rates, with rates from other banks and credit unions below. You can also compare loan rates, including mortgage rates, personal loan rates and credit card rates. Torch Lake Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best CD rates or other rates available. Have you opened an account or have any experiences at Torch Lake Federal Credit Union? Share your experience about Torch Lake Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Torch Lake Federal Credit Union. Overall, Torch Lake Federal Credit Union is an excellent credit union worth considering, with an overall rating of 5 stars out of 5 stars. Rate
APY/APR
vs Avg
Torch Lake Federal Credit Union
Torch Lake Federal Credit Union 400 Hecla St
Laurium, MI 49913  Compare Torch Lake Federal Credit Union Rates with Other Competitive Bank and Credit Union Rates
DCU Digital Federal Credit Union
Primary Savings
5.50%
$5
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Kasasa Checking
4.25%
$250
iGOBanking
12-Month CD
4.00%
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The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts. Compare Torch Lake Federal Credit Union Mortgage Rates with Lenders Rates for Fixed and Adjustable Mortgages
A+ Federal Credit Union
15-Year Fixed
5.375%
5.476%
0.000
Mutual Security Credit Union
7/1 ARM
5.500%
5.583%
0.000
Consumers Credit Union
15-Year Fixed
5.500%
5.693%
0.625
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The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed. Compare Torch Lake Federal Credit Union Credit Cards with Other Competitive Bank and Credit Union Credit Cards
Mountain America Federal Credit Union
Cash Back Credit Card
17.740%
Automatically get 1.5% cash back on all purchases with no fuss
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Share-Secured Mastercard
13.900%
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14.240% - 18.000%
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The credit card rates presented are solely intended for informational use. Please consult the mentioned institutions for up-to-date credit card rates. The actual credit card rates and other loan conditions depend on the institution's approval and are not guaranteed. Compare Torch Lake Federal Credit Union Personal Loans with Other Competitive Bank and Credit Union Personal Loans
Advantage Credit Union Newtown, IA
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14.200%
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48 - 48
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60 - 60
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Debt Consolidation
13.990%
$0
1 - 72
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The personal loan rates presented are solely intended for informational use. Please consult the mentioned institutions for up-to-date personal loan rates. The actual personal loan rates and other loan conditions depend on the institution's approval and are not guaranteed. Our apologies, we do not have Torch Lake Federal Credit Union rate data right now, check back for updates, we are adding rates all the time. Torch Lake Federal Credit Union InformationCredit Union Name: Torch Lake Federal Credit Union
Website: https://www.torchlakefederal.com
Full Time Employees: 5Part Time Employees: 2 President: Alisha Kocjan CEO: Connie Mikkola Branch Locations: 2 ATM Locations: 2 Corporate Office Address:
400 Hecla St
Laurium, MI 49913 Phone Number: 906-337-5565 Fax Number: 906-337-0385 Torch Lake Federal Credit Union FinancialsTotal Assets:
12,339,520
Total Amount of Shares and Deposits:
11,112,203
Total Shares and Deposits < 1 Year:
11,046,679
Total Shares and Deposits 1 3 Years:
65,524
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E):
190,809
Total Uninsured Shares and Deposits > $250K (F+J):
190,809
Total Insured Shares and Deposits > $250K (item 17 less item K):
10,921,394
Total Interest Expense (Sum of items 6 8):
1,010
Share Certificates:
13
Number of Accounts for Share Drafts:
930
Number of Accounts for Regular Shares:
1,821
Net Income (unless the amount is already included in Undivided Earnings):
20,491
Total Cash on Deposit (Amounts Deposited in Financial Institutions):
2,040,892
Total Liabilities:
11,228,443
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Torch Lake Federal Credit Union Questions and AnswersNo Cost Share Drafts:
Yes
Share Certificates with Low Minimum Balance Requirements:
Yes
Is Financial Counseling Offered?:
No
Financial Education offered for Members?:
Yes
Are financial literacy Workshops offered?:
No
Is there a first time homebuyer program?:
No
Credit management and repair offered?:
No
Online Financial Literacy?:
No
No Cost Bill Payer:
Yes
Mortgage Processing:
No
Approved Mortgage Seller?:
No
Deposits and Shares Meeting 70310(a):
1
payment:
No
Are low cost wire transfers available?:
Yes
Member Application:
No
Are New Loans Available:
Yes
New Share Account:
No
Are online loan payments available:
Yes
Online Bill Payment Allowed?:
Yes
Can I download my account history?:
No
Electronic Signature Authentication Certification:
Yes
Can I get my bank statements online?:
Yes
External Account Transfers Allowed:
No
Remote Deposit Allowed:
Yes
Are Mobile Payments Avilable?:
Yes
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Source: NCUA Last Updated 03/31/2024
Explore Other Rate Dealsgiantbank.com 9 Month Jumbo CD rates are now at 0.85 percent with a yield of 0.85 percent. View current 9 Month Jumbo CD rates at giantbank.com below.
It's a well known fact that deposit rates will be moving higher in the coming years because the Federal Reserve will be increasing the federal funds rate. Another factor is coming into play that might force some banks to increase CD rates and other interest rates to attract deposits. New liquidity rules voted on this week will require banking organizations to increase their holdings of high quality, liquid assets (HQLA).
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12-month CD rates can be found at 2.00%, 6-month CD rates at 4.10% and 3-month CD rates at 3.75%. Savings rates are at 0.10% and money market rates are at 0.05%. Mortgage rates on 30-year fixed loans are around 6.40%. Credit Card rates are at 17.99%. Personal Loan rates are at 16.74%. All these rates, and more, can be found in our database of rates which you can compare to 
