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Lake Trust Credit Union named Credit Union Lender of the Year

As the U.S. Small Business Administration’s (SBA) Michigan District Office announces its fiscal 2017 lender awards, in recognition of overall support of SBA Loan programs, they are naming Lake Trust Credit Union as the Credit Union Lender of the Year. In 2017, Lake Trust supported SBA lending with 13 SBA loans, totaling over $7 million.

Lake Trust would like to share this recognition with partners Trinity Capital and Michigan Business Connection.

“Our lending partners play a critical role in helping small businesses get the financing they need to start and grow their businesses,” said Constance Logan, SBA Michigan District Director. “We are pleased to recognize their commitment to growing Michigan’s economy.”

As a community-based organization, Lake Trust works closely with their communities and the businesses within them.

Lake Trust has been able to assist numerous entrepreneurs in Michigan, as they start or expand their business. The Credit Union’s dedicated commercial lending team works with businesses that sometimes aren’t able to get funding elsewhere, and helps business owners bring their dreams to life by supporting their business needs.

“Our team specializes in creating dynamic partnerships with community organizations and local businesses, both small and large.” says Ken Michalak, Lake Trust Credit Union AVP of Commercial Lending, “These businesses are important because they create more jobs locally and revitalize our communities.”

Lake Trust Credit Union is committed to Michigan, and continuously looks for ways to invest in the communities they serve.

Lake Trust Credit Union has over 180,000 members and more than $1.7 billion in assets. With branches that stretch from Lake Michigan to Lake Huron, they are committed to creating stronger Michigan communities. To do this, they continuously find ways to give back and work to make a difference in Michigan Communities as part of their Moved By Good focus. Membership is open to anyone who lives, works, worships or attends school in their 35 county service area.

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