Lake Superior
Lake Superior is a credit union based in Ontonagon, Michigan, established in 1959, with $11 million in total assets serving 1,330 members. By Trust Grade it ranks 45th of 170 credit unions we track in Michigan. Its net worth ratio of 14.0% trails most similarly sized credit unions (48th percentile), versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 1.90% return on assets. No consumer complaints against Lake Superior appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Lake Superior compares to Michigan peers
How we graded Lake Superior
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (14.0% capital ratio)
- Strongly profitable (ROA 1.90%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Lake Superior over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Lake Superior insured?
Yes. Lake Superior is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Lake Superior: frequently asked questions
Is Lake Superior a good credit union?
Lake Superior earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (14.0% capital ratio); Strongly profitable (ROA 1.90%).
Is Lake Superior NCUA-insured?
Yes. Lake Superior is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Lake Superior?
Lake Superior holds $11 million in total assets, ranking 45th of 170 credit unions we track in Michigan. It serves 1,330 members.
Does Lake Superior have CFPB complaints?
No CFPB complaints against Lake Superior appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
