Lake Trust Credit Union Sponsors Blockchain Competition for Leading University Student Teams at Michigan State University

Lake Trust Credit Union – a community-based financial institution serving members across Michigan – co-sponsored the Spartan Blockchain Innovation Competition 2019 in East Lansing, Michigan, on Saturday, March 30, 2019. Supported by Michigan State University’s administration, the event brought together teams from leading academic institutions to compete in a thought-provoking blockchain pitch competition.

Lake Trust announced the credit union would double the pitch contest prize from $750.00 to $1,500.00. The top award went to Smartifi, which is a prospective solution regarding the student loan crisis, presented by Michigan State students Majeed Fardin and Parker Nolan.

Spartan Blockchain is a nonprofit blockchain advisory firm and student organization dedicated to making Michigan State University a global leader in blockchain development and innovation. In the belief that large-scale blockchain system adoption will restructure the global economy, the students seek to serve Michigan State University and the surrounding area by helping students, faculty and businesses adopt blockchain technology and cryptocurrencies.

In addition to the competition, Spartan Blockchain hosted a think tank that included sponsors, students, faculty and other attendees. The think tank was followed by a community meetup that allowed students and community members to connect and collaborate on innovative blockchain projects.

The only credit union headquartered in Livingston County, Lake Trust Credit Union has more than $1.8 billion in assets and ranks fifth-largest in Michigan in number of members. With federally NCUA-insured branches located in counties across the state of
Michigan, Lake Trust is an equal opportunity lender, equal housing lender and committed to creating stronger Michigan communities. Membership is open to anyone who lives, works, worships or attends school in the state of Michigan. For more information, visit laketrust.org and follow @LakeTrustCreditUnion on Facebook and @laketrust on Twitter, Instagram and Pinterest.

The Lake Trust Foundation is a 501(c)(3) nonprofit organization dedicated to supporting local Michigan-based opportunities that address the five basic human needs: food, shelter, clothing, education and health care. The Foundation frequently contributes to 501(c)(3) organizations who align with its mission to support economic development, basic human needs fulfillment and entities offering programs for entrepreneurs. Through partnerships, outreach programs, grants, financial assistance and support for a community’s underserved people, the Foundation helps to build and sustain stronger communities. For more information, visit laketrust.org/foundation. For information on Lake Trust’s Moved By Good initiative, see laketrust.org/moved-by-good. Follow @movedbygood on Twitter, Instagram, Facebook and LinkedIn.

Lake Trust Foundation Offers Nine Scholarships for Skilled Trades and Aspiring Entrepreneurs Wanting to Make a Community Impact

The Lake Trust Foundation announced today that scholarship applications will begin being accepted on Monday, January 7, 2019, for Michigan residents who wish to pursue skilled trade technical education programs or realize their dream of being an entrepreneur who makes a community impact. Prospective students may submit applications on the Foundation’s website at https://www.laketrust.org/Foundation/Scholarships for either one of four New Beginnings Scholarships worth up to $2,500 or one of five full-tuition Community Impact Scholarships.

The New Beginnings Scholarship addresses the need for skilled trade workers, and recipients will use funds for tuition costs and related items like professional fees or dues in attending a career technical education program or trade school in the next 12 months.

The Lake Trust Foundation’s Community Impact Scholarships support community-oriented entrepreneurial talent through Lake Trust Credit Union’s relationship with Cleary University. Five full-tuition Cleary scholarships are available for undergraduate or postgraduate tuition at Cleary, either online or at its locations in Howell, Detroit or Ann Arbor.

“As the Lake Trust Foundation enters our eighth year of offering scholarships, we have been impressed by the goals and drive of our recipients,” said David Snodgrass, President and CEO of Lake Trust Credit Union. “Lake Trust acts where we see a need in our communities, not only through the Foundation but as the state’s largest Community Development Financial Institution (CDFI) for 2018 we seek to serve disadvantaged businesses and low-income communities in Michigan.”

Through partnerships, outreach programs, grants, financial assistance and support for underserved people, the Foundation helps to build and sustain stronger communities.

Since 2012, it has awarded scholarships, contributed tens of thousands of meals to local food banks and provided funds in community grants and donations.

“We’re proud to offer these opportunities, especially working with a valued partner like Cleary,” added Mr. Snodgrass. “We see education as a seed that will provide long-lasting benefits beyond an individual to our neighbors and communities.”

The Lake Trust Foundation is a 501(c)(3) nonprofit organization with a mission to make a difference in all the Michigan counties Lake Trust Credit Union serves across the state. Contributors to the Foundation are people who help fund support for local causes focusing on education, basic needs, health and wellness, the environment and more. Through partnerships, outreach programs, grants, financial assistance and support for a community’s underserved people, the Foundation helps to build and sustain stronger communities. For more information, visit https://www.laketrust.org/foundation/. For information on Lake Trust’s Moved By Good initiative, see https://laketrust.org/moved-by-good/. Follow @movedbygood on Twitter, Instagram, Facebook and LinkedIn.

Lake Trust Credit Union has more than $1.8 billion in assets and ranks fourth-largest in Michigan in number of member accounts. With federally NCUA-insured branches located in counties across the state of Michigan, Lake Trust is committed to creating stronger Michigan communities. Membership is open to anyone who lives, works, worships or attends school in the state of Michigan. For more information, visit laketrust.org and follow @LakeTrustCreditUnion on Facebook and @laketrust on Twitter, Instagram and Pinterest.

FreeStar Financial Credit Union earns Macomb County’s Best of the Best Award for fifth year

FreeStar Financial Credit Union, formerly known as Central Macomb Community Credit Union, was named in Macomb Daily’s Best of the Best Readers Choice Awards as the best credit union for the fifth year in a row.

“We are thrilled that the Macomb Daily readers and our members feel so strongly about the excellent service and products at FreeStar Financial that they voted for us again,” said Drema Isaac, President/CEO.
With technological advancements like mobile deposit and online loan closings to provide convenience to our members, the credit union has been able to retain members who now reside in 49 states and throughout the world. Additionally, the credit union created programs to help members rebuild their credit with a Fresh Start loan or Fresh Start checking account. Niche programs like the first-time auto buyers program and the Visa One card were created to help young members without credit establish themselves without the need of a cosigner.
Educating members is another important element of FreeStar Financial’s success. Complimentary educational seminars are presented at the credit union for members on topics such as Wills & Trusts, Elder Law, Home Buying, and Understanding Your Credit Score each spring and fall. A special team of volunteers also visits high school students to conduct a budgeting simulation called Mad City Money. In the 2-1/2 years since the program started, the credit union has reached over 1,200 students with the message of save early and create a budget.
In addition, the credit union grants $4,000 in scholarships to high school seniors annually for either Community Action, demonstrating community involvement, or Military Honor, having a parent in the military while also demonstrating academic and community achievements.
“We are very appreciative of our volunteer board of directors and supervisory committee who exemplify the credit union philosophy of ‘people helping people’ by volunteering their time to the oversight of our great credit union,” said Isaac. “With that model, our employees donate over 200 hours each October for Make A Difference Day, celebrated the fourth Saturday, by assisting at soup kitchens, helping with senior citizen activities, and organizing at food pantries.” The credit union sponsors dozens of events and organizations each year in the Macomb County area.
FreeStar Financial Credit Union was originally established in 1957 at what is now the Selfridge Air National Guard Base. Today, the credit union serves over 18,000 members with the ability to accept members from 10 counties in Southeastern Michigan and military and veterans throughout Michigan.