Lake Michigan Credit Union on Your Credit Report
In short: Lake Michigan Credit Union is a federally insured credit union headquartered in Caledonia, MI, chartered in 1933 under NCUA charter number 62514. It reports 536,976 members and $17,260,743,113 in total assets. It is one of the largest credit unions in Michigan and also serves members in Florida. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Lake Michigan actually is
Who actually issues this credit
Lake Michigan is a credit union, not an FDIC-insured bank, so it holds no FDIC certificate. The NCUA records it as charter number 62514 (FISCU), chartered in 1933 and headquartered in Caledonia, MI. Member deposits at federally insured credit unions are insured by the NCUA's Share Insurance Fund rather than the FDIC.
What makes this creditor different
Lake Michigan holds NCUA charter 62514, chartered in 1933, and reported 536,976 members and $17,260,743,113 in assets to the NCUA — a member-owned institution rather than a shareholder-owned bank, which is why it carries no FDIC certificate. The CFPB logged 4 credit-card complaints naming it since January 2025, led by other features, terms or problems (2).
How Lake Michigan appears on your credit report
Lake Michigan furnishes tradelines to the bureaus exactly as a bank does, and your FCRA dispute rights are identical. The structural difference is membership: this is a FISCU serving non-federal credit union, with 536,976 members reported to the NCUA, and one membership can carry several linked products — a share-secured card, an auto loan and a personal loan — that each report as a separate tradeline. It serves members in both Michigan and Florida, so a member who relocated between those markets should confirm that one relationship did not generate two sets of tradelines. When disputing, identify the specific account rather than the member number, because one member number can map to several tradelines.
Names it may report under
Products that commonly show up
- ◆Credit union credit card accounts
- ◆Mortgages and home equity lines
- ◆Auto loans
- ◆Personal and share-secured loans
What consumers report to the CFPB
These are counts of complaints filed with the Consumer Financial Protection Bureau about credit cards, from the CFPB's public complaint database. They describe the company's complaint history — they are not a prediction about any individual account.
Source: CFPB Consumer Complaint Database, product “Credit card”, company “LAKE MICHIGAN CREDIT UNION”. Snapshot retrieved 2026-10-17. Complaint counts change over time.
Grounds to dispute a Lake Michigan entry
Each of these is a reason a Lake Michigan tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Mortgage reporting a status inconsistent with the servicer's records
- ◆Auto loan balance not updated after payoff
- ◆Duplicate reporting across Michigan and Florida operations
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Lake Michigan Credit Union is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Lake Michigan Credit Union has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Lake Michigan Credit Union a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Lake Michigan Credit Union questions, answered
Is Lake Michigan FDIC-insured?
No — and that is normal for a credit union rather than a red flag. Credit unions are insured by the National Credit Union Administration's Share Insurance Fund, not the FDIC. The NCUA lists Lake Michigan under charter number 62514, a FISCU chartered in 1933. No FDIC certificate is asserted on this page because none exists for a credit union.
How big is Lake Michigan?
According to the NCUA's own credit-union records, Lake Michigan reports 536,976 members and $17,260,743,113 in total assets, operating from Caledonia, MI. Those figures come from the NCUA's published call-report data, not from the credit union's marketing.
What do people complain to the CFPB about most with Lake Michigan?
Since January 2025 the CFPB's public database records 4 credit-card complaints naming Lake Michigan, the largest category being "Other features, terms, or problems" (2). That is a small volume in absolute terms; it is published here as a public statistic about the institution, not as a prediction about your account. Snapshot taken 2026-10-17.
How do I dispute a Lake Michigan tradeline?
Dispute with the three bureaus under FCRA §611 and directly with Lake Michigan as the furnisher under FCRA §623. Credit unions are furnishers with the same accuracy obligations as banks. Send it in writing, identify the exact account, and keep copies. Results depend on what the credit union can verify.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Lake Michigan Credit Union; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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