2024 Impact Report
In partnership with our members, we’re offering tailored solutions for unique financial needs. Encouraging entrepreneurs on their path to business success. And creating stronger communities together. Helping our members and team members by seeking ways to support all aspects of their wellbeing.

2024 Annual Impact Report
For the benefit of our members, partners, and the community, Lake Trust Credit Union creates an annual impact report as a demonstration the impact that Lake Trust has made through the support of our members and partners. Included are some specific results from our key areas of focus, a message from our CEO, and audited financial statements. It’s an opportunity to reflect on the previous year, and what we’ve accomplished together.
A world in which everyone thrives.
In partnership with our members, we’re offering solutions to meet financial needs. Encouraging entrepreneurs on their path to business success. And creating stronger communities together. Helping our members and team members by seeking ways to support all aspects of their wellbeing.
Members
Small Business
Community
Team Members
Members
Providing solutions for members’ evolving financial needs. Empowering our members to reach their financial goals.

Small Business
Nurturing powerful partnerships with purpose-driven small businesses. Providing opportunities for business growth to enrich our communities.

Communities
Multiplying positive impact as part of our Michigan communities. Providing services, scholarships, advocacy and action.

Team Members
Supporting the overall wellbeing of Lake Trust team members. Encouraging their ongoing growth and development.

2024 Financial Statement
A message from David
A message from David
Each year when I write this letter, I’m always in awe of everything we’ve accomplished in just 12 short months. As a team. As a community. And as a membership. While it’s easy to overlook the impact of what we do when working through day-to-day tasks, I challenge each of us to look for the magic that happens around us each day. Whether it’s helping a member get approved to purchase their first vehicle; showing support for a local nonprofit through volunteerism; connecting a local entrepreneur with resources for growth, or one of the many other achievements that make an impact in the lives of Michiganders.
It's with great honor that I share our 2024 impact report with you. I’m pleased to report that the credit union saw measurable growth last year. And we’re hopeful this trend will continue in 2025. Through partnerships, products, services, and educational opportunities, we’ll continue to explore more opportunities to enhance the financial wellbeing of our membership and beyond. To empower people to make the best decisions for their situation. And build the confidence to dream bigger.
As always, I’d like to extend a heartfelt thank you to the members who trust us to support their financial wellbeing. Our powerful team who proves their dedication to our mission each day. And the partners who share our passion for creating more connected communities. Let’s create a world in which everyone thrives. Together.
David A. Snodgrass
President & CEO
