Torch Lake Federal Credit Union Rates and Review January 2026
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Brian McKay
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Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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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. Rate Updates and AvailabilityTorch 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. Current Interest RatesRate
APY/APR
vs Avg
"N/A" indicates the product is not offered or the rate is unavailable. Torch Lake Federal Credit Union Torch Lake Federal Credit Union 400 Hecla St Laurium, MI 49913  CD & Savings Rate ComparisonShow More
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. Mortgage Rate ComparisonLender
Product
Rate
APR
Points
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Credit Card Rate ComparisonAcademic VISA® Gold
15.400%
Everyday Rewards+ Card Visa
19.490% - 29.740%
Earn up to 4x unlimited points AND receive a $150 bonus.
VISA Platinum without Rewards
7.900%
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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. Personal Loan Rate ComparisonSignature Loan
13.450%
$0
Personal Loan
8.990% - 18.000%
$0 - $30,000
72
Personal Loan
9.490%
$0
48 - 48
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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. Credit Union Profile & OverviewCredit 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 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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Source: NCUA Last Updated 03/31/2024
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Frequently Asked Questions About Torch Lake Federal Credit UnionIs a member application needed to join Torch Lake Federal Credit Union?Yes, to access services at Torch Lake Federal Credit Union, a member application is required. Is there a first-time homebuyer program?Currently, Torch Lake Federal Credit Union provides a range of mortgage and home equity products. Is Torch Lake Federal Credit Union a safe place to deposit money?Yes, Torch Lake Federal Credit Union is considered a safe financial institution. Your accounts are federally insured by the NCUA up to $250,000 per depositor. Does Torch Lake Federal Credit Union offer online and mobile banking?Most modern institutions like Torch Lake Federal Credit Union provide digital access including online balance checks and transfers. Compare to other Credit Unions |
12-month CD rates can be found at 1.15%, 6-month CD rates at 3.50% and 3-month CD rates at 0.10%. Savings rates are at 0.10% and money market rates are at 0.15%. Mortgage rates on 30-year fixed loans are around 5.79%. Credit Card rates are at 13.20%. Personal Loan rates are at 10.99%. All these rates, and more, can be found in our database of rates which you can compare to 
