Lakes Community Credit Union OFAC Settlement: $1.5K

Last updated: July 20, 2026

Lakes Community Credit Union settled allegations of violations of the Cuban Assets Control Regulations after OFAC alleged that it initiated a transaction incident to Cuba travel on July 7, 2003. Lakes Community Credit Union did not voluntarily disclose this matter to OFAC and remitted $1,484.00 to settle the allegations.

Penalty Amount

$1,484.00

Enforcement Date

September 7, 2007

Rank in Top Penalties

#906

Case Details

Type:: Entity
Name:: Lakes Community Credit Union
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Lake Orion, MI 48362
Penalty amount:: $1,484.00
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From July 7, 2003
Program:: Cuban Assets Control Regulations
Enforcement date:: September 7, 2007

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

SHA-256: 19975201c43a09706d23499424521d3c3ac1cd393685c7b86533a64df42db6db