Credit union · NCUA insured
Lakes Federal Credit Union
A $27.5M credit union headquartered in Monticello, IN, with 3,014 members and 1 branch in Indiana. Best rates: CDs 3.55% and savings 0.75% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—3.55%CD rates →
- Savings820.75%at $1,000Savings rates →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Lakes Federal Credit Union
Lakes Federal Credit Union is a financial institution headquartered in Monticello, Indiana, where it was chartered in 1956.
Originally formed by employees of RCA in Monticello, the credit union relocated from the RCA building in 1982 following the plant's closure.
After expanding its charter in 2003 to serve the broader four-county community, the credit union moved to its Rickey Road location in 2004.
- Headquarters
- 106 Rickey Rd, Monticello, IN 47960-1537
- NCUA charter
- 10772
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, attends school, or worships in White, Carroll, Pulaski, or Jasper Counties.
Branches
1 branch in Indiana
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Indiana
1 branch
- Lakes Federal Credit UnionMain office106 Rickey Rd, Monticello, IN 47960Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 15.19% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.92% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.08% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $65 | $59 | — |
- CapitalNet worth ratio15.19%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.92%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.08%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$65Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Lakes Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.