The HSA Report Card



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Lake Michigan Credit Union is a Michigan-based, member-owned credit union that consistently ranks well among credit unions for dividends paid back to members.

Eligibility Requirements:

  • Resident of certain communities in MI & FL OR

  • Member of ALS Association (one time $5 donation)

Fees & Minimum Balances:

  • $0 Minimum Balance

  • $0 Set Up Fees

  • $0 monthly Maintenance Fees

  • $35 HSA Transfer Fee


42 branches in 2 states (MI & FL)

Interest Rates:

  • $0 - $4,999 0.50%

  • $5,000 + 1.00%


LMCU just started offering investments for $30/year. You can now invest a portion of your Health Savings Account (HSA) balance in stocks, bonds, mutual funds and other investment caliber products. The LMCU investment lineup features several low cost index funds from the Vanguard family. LMCU is a contender for the best HSA offering by a credit union.