Lake Michigan Credit Union

About Us

We treat our members like neighbors.
Because they usually are. At Lake Michigan Credit Union we don't have shareholders to impress, we have a mission: to do what's best for our members. And as it turns out, our members really like earning more when they save and paying less when they borrow. At LMCU, we work to help businesses grow, neighborhoods thrive, and to make our communities even better places in which to live and work.

Our History
When school teacher Lloyd F. Hutt opened the doors of his depression-era home and created a new business, he opened a new chapter in West Michigan banking. Pooling the money of 13 fellow visionary teachers, Hutt created Grand Rapids Teachers Credit Union (GRTCU), which began operations right out of Hutt’s own home. Eighty years later, Hutt would scarcely recognize the expansion of his home-grown company. Decades of steady growth, strategic mergers, and the addition of several major service lines have transformed Hutt’s business in ways he could have never foreseen. Lake Michigan Credit Union (LMCU) is now the largest financial institution headquartered in West Michigan.

1933 – The credit union is founded in October of 1933 by Lloyd F. Hutt, a Grand Rapids school teacher. Motivated by the shortage of money during the Depression, 13 enterprising teachers pool their resources and organize Grand Rapids Teachers Credit Union. Lloyd F. Hutt operates Teachers Credit Union from his home.