What are the current interest rates at Lakes Federal Credit Union?

Current rates for Lakes Federal Credit Union include: 12-Month CD: 3.50%, Savings: 0.75%

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Lakes Federal Credit Union

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Lakes Federal Credit Union Rates & Review October 2026

Q: Is a member application needed to join Lakes Federal Credit Union?

Yes, to access services at Lakes Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Lakes Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 9, 2026

Lakes Federal Credit Union's top rates as of October 9, 2026 are 3.50% APY on its 12 Month CD of Deposit, and 0.75% APY on savings, according to rates verified by MonitorBankRates. MonitorBankRates evaluates the financial stability of Lakes Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.29%. Rates last updated and verified on 10/09/2026.

Lakes 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 money market rates and other rates available. Have you opened an account or have any experiences at Lakes Federal Credit Union? Share your experience about Lakes Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Lakes Federal Credit Union.

Verified Healthy Q2 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

3.29%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Lakes Federal Credit Union
Lakes Federal Credit Union

106 Rickey Rd
Monticello, IN 47960-1537

https://www.lakesfcu.com

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Financial health data as of Q2 2026 (NCUA 5300 call report for the quarter ended June 30, 2026). This is the most recent call report available. The NCUA publishes credit union call reports about ten weeks after each quarter ends.

Lakes Federal Credit Union CD Rates

Product	Rate	APY	Term	View More
12 Month Certificate of Deposit	-	3.50%	12 months
Details 6 months; Compounded monthly Last Updated 10/09/2026 Rate History No change since Oct 5, 2026 · 3.50% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%

Lakes Federal Credit Union Savings Rates

Product	Rate	APY	View More
REGULAR SAVINGS	-	0.75%
Min Balance $5 Details All members must have this type of account. Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 0.75% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%

Lakes Federal Credit Union Other Rates

Product	Rate	Points	APY/APR
IRA/HSA	-	-	1.106%
Details HSA Free Debit Card Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 1.11% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%
Other types of accounts	-	-	0.75%
Details Christmas; Special Last Updated 10/09/2026 Rate History No change since Oct 9, 2026 · 0.75% APY Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 3.29%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Lakes Federal Credit Union’s Texas Ratio stayed near 3.50% in Q3 2023 to 3.29% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a credit union must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$28M	3.29%	5.0	A+
March 31, 2026	$28M	3.02%	5.0	A+
December 31, 2025	$26M	0.35%	5.0	A+
September 30, 2025	$26M	2.42%	5.0	A+
June 30, 2025	$26M	0.90%	5.0	A+
March 31, 2025	$27M	1.36%	5.0	A+
December 31, 2024	$26M	5.09%	5.0	A+
September 30, 2024	$25M	8.33%	5.0	A
June 30, 2024	$25M	5.94%	5.0	A+
March 31, 2024	$25M	4.07%	5.0	A+
December 31, 2023	$25M	2.86%	5.0	A+
September 30, 2023	$25M	3.50%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Lakes Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Lakes Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Lakes Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Lakes Federal Credit Union

Website https://www.lakesfcu.com

Address 106 Rickey Rd, Monticello, IN 47960-1537

Phone 574-583-5556

Fax 574-583-9056

President Gregory Onken

CEO Karri Wireman

Full-Time Employees 6

Part-Time Employees 0

Branch Locations 1

ATM Locations 1

NCUA Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

3.29%

Return on Assets (ROA)

0.5180%

Return on Equity (ROE)

3.4108%

Non-Performing Loans Ratio (NPL)

0.92%

Total Assets

27,990,813

Total Amount of Shares and Deposits

23,711,110

Total Shares and Deposits < 1 Year

23,711,108

Total Insured Shares and Deposits > $250K (item 17 less item K)

23,711,110

Total Interest Expense (Sum of items 6 8)

109,270

Share Certificates

Number of Accounts for Share Drafts

2,234

IRA KEOGH Accounts

Number of Accounts for Regular Shares

3,497

All other shares

116

Net Income (unless the amount is already included in Undivided Earnings)

251,201

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,604,214

Total Liabilities

23,740,172

Source: NCUA — Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Lakes Federal Credit Union earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

<a href="https://monitorbankrates.com/credit-unions/lakes-federal-credit-union-rates-review-10772">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026-q2.svg"
       alt="MonitorBankRates Verified Healthy Badge Q2 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Frequently Asked Questions About Lakes Federal Credit Union

How many branches does Lakes Federal Credit Union operate?

Lakes Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Lakes Federal Credit Union?

Yes, to access services at Lakes Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Lakes Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Lakes Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Lakes Federal Credit Union offer online and mobile banking?

Most modern institutions like Lakes Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.lakesfcu.com.