LAKE MICHIGAN
Charter #62514 · Grand Rapids, MI · >$1B
Public 5300 data · as of 2026Q1
What the numbers say
- Members of 530,662 ranks in the 95th percentile among structurally similar credit unions — a relative strength.
- Return on average assets of 1.32% ranks in the 84th percentile among structurally similar credit unions — a relative strength.
- Net interest margin of 2.59% sits at the 21st percentile of structural peers — worth a closer look.
- Cost of funds of 0.44% ranks in the 11th percentile among structurally similar credit unions — a relative strength.
- Efficiency ratio of 59.39% ranks in the 10th percentile among structurally similar credit unions — a relative strength.
Headline ratios vs. peers
Two peer definitions side by side: the NCUA asset-size band, and Innorve's structural peers matched on loan mix, size, growth and geography.
| Metric | LAKE MICHIGAN | Asset-tier percentile | Structural percentile |
|---|---|---|---|
| Total assets | $16.86B | 97th pct | 95th pct |
| Members | 530,662 | 95th pct | 95th pct |
| Net worth ratio | 11.25% | 60th pct | 67th pct |
| Return on average assets | 1.32% | 86th pct | 84th pct |
| Net interest margin | 2.59% | 11th pct | 21th pct |
| Cost of funds | 0.44% | 11th pct | 11th pct |
| Loan-to-share | 92.90% | 73th pct | 59th pct |
| Delinquency 60+ days | 0.43% | 30th pct | 43th pct |
| Net charge-off ratio | 0.16% | 11th pct | 28th pct |
| Loan growth YoY | 2.21% | 56th pct | 42th pct |
| Share growth YoY | 11.87% | 94th pct | 92th pct |
| Efficiency ratio | 59.39% | 9th pct | 10th pct |
structural peer set hash: e7d0bf8daa0d2f2b83e837335f9ff912… (reproducible)
Closest structural peers
This is the free public view
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Source: public NCUA 5300 Call Report data, cycle 2026Q1. Figures are computed deterministically by Innorve and may differ from figures the institution reports elsewhere. This page is informational and is not endorsed by the credit union or the NCUA.