Business Details
Your Trusted Credit Union Partner in Escanaba, MI
Torch Lake Federal Credit Union has been dedicated to empowering our community through personalized financial solutions. With a focus on member-centric banking, we offer a wide range of services including savings accounts, loans, credit cards, and financial advising. Our commitment to transparency and community development ensures members receive competitive rates and exceptional service. Backed by federal insurance and Excess Share Insurance protection, we prioritize financial well-being and accessibility for all. Through innovative programs like our low APR credit card and savings initiatives, we strive to make banking stress-free and rewarding. 
Services
Savings Accounts
Vehicle Loans
Credit Cards
Financial Advising
ATM Services
Mortgage Options
Personal Loans
Student Loans
Balance Transfers
Mobile Banking
Highlights and features
- We offer a low 4.99% APR credit card with no balance transfer fees.
- Our members receive up to $1,000,000 in deposit insurance protection.
- We provide personalized financial counseling and community-focused banking.
- Our mobile home loans and student loan consolidation options meet diverse needs.
- We operate with full transparency and no hidden fees.
Associations and certifications
- NCUA
- Excess Share Insurance
Services
Credit Cards
Peninsula FCU offers VISA credit cards with competitive rates and rewards programs. Our cards feature low APR introductory periods, balance transfer options, and ScoreCard Rewards for cashback and travel benefits. Designed to help members build credit while enjoying financial flexibility.
Vehicle Loans
We provide vehicle loans with favorable terms for new and used car purchases. Our financing options include competitive interest rates, flexible repayment periods, and personalized service to help members achieve vehicle ownership.
Savings Accounts
Our savings accounts offer secure, interest-bearing options for short- and long-term financial goals. Features include tiered rates, easy access to funds, and special programs like Round Up Save to Win for automated savings growth.
Financial Advising
Personalized financial counseling services help members create budgets, manage debt, and plan for future milestones. Our advisors provide expert guidance on saving strategies, credit improvement, and investment readiness.
Mortgage Options
We offer various mortgage solutions including fixed-rate and adjustable-rate loans for home purchases or refinancing. Our team assists with pre-approvals, application processes, and finding competitive rates tailored to individual needs.
Questions
What credit card options does Peninsula FCU offer?
We offer a VISA Credit Card with a low 4.99% APR for 18 months and no balance transfer fees. Additional features include ScoreCard Rewards and cash redemption options.
How can I apply for a loan?
Apply online through our secure portal or visit any Peninsula FCU branch. We offer vehicle loans, personal loans, student loans, and mortgage options with competitive rates.
Are my deposits insured?
Yes, all deposits are federally insured by NCUA up to $250,000. Excess Share Insurance provides additional protection up to $1,000,000 for qualifying accounts.
What financial resources are available?
We provide financial calculators, counseling services, and educational resources through our Financial Resource Center and College Resource Center.
Where can I find Peninsula FCU ATMs?
Use our ATM Locator tool to find nearby ATMs. We also offer surcharge-free access through the CO-OP Network nationwide.