Alliance Catholic Credit Union is headquartered in Southfield and is the 27th largest credit union in the state of Michigan. It is also the 532nd largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 72 employees and 43,333 members. Alliance Catholic Credit Union has a B+ health rating.
I have a long list of complaints for this credit union. 1.) The Friday before Christmas, my debit card got eating by the ATM machine. I called to find out what the issue was and they said my card was taken for security reasons. I never received any notice from the credit union that this was going to happen. Instead, I had no cash or debit card during Christmas weekend (the weekend you need cash most). 2.) I had an auto loan approved a few years ago and I had to fax my vehicle information to the Taylor office several times. They said they did not receive the information, even though it was faxed three different times. 3.) Good luck making credit card payments. One of payments took 3 weeks to post. I called alliance office several times. They assured me it would be taken care of as soon as possible, however I had to continue to call them every three or four days to remind them.... 4.) I went in to Troy office a few days ago to get a personal loan for an urgent sewer issue with my house. They were unable to process my loan application since I am originally a first catholic member. Why put Troy location on website if they are not associated with Taylor office? Luckily, member service lady in Troy office took my information anyway. She faxed my information to Taylor office and told me I would receive an answer by end of day or tomorrow at the latest. I never heard from anybody either day... I was assured several times I would receive a call back and never did. Stay away!!! They do not keep their promises and will lose your personal information. It seems like I have to plan around their mistakes and even when I think I am being proactive, they continue to let me down. I am canceling my account first thing Monday morning.
Service second to none. Thanks Marie Anne!
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Alliance Catholic Credit Union had $1.55 million in non-current loans and owned real-estate with $37.55 million in equity and loan loss allowances on hand to cover it. This gives Alliance Catholic Credit Union a Texas Ratio of 4.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Alliance Catholic Credit Union decreased dramatically from 7.51% as of March 31, 2013 to 4.14% as of March 31, 2014, resulting in a positive change of 44.91%.This indicates that the balance sheet and financial strength for Alliance Catholic Credit Union has improved dramatically in recent periods.
In the past year, Alliance Catholic Credit Union has decreased its total deposits by -$10.35 million, resulting in -2.68% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alliance Catholic Credit Union has shown is below average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alliance Catholic Credit Union has $413.89 million in assets with $37.55 million in equity, resulting in a capitalization level of 9.07%, which is average.
|Assets and Liabilities|
|Equity Capital||$35.17 million|
|Loan Loss Allowance||$2.38 million|
|Unbacked Noncurrent Loans||$1.46 million|
|Real Estate Owned||$93,000|
|Historic Data - March 2013|
|Equity Capital||$33.14 million|
|Loan Loss Allowance||$2.95 million|
|Unbacked Noncurrent Loans||$1.46 million|
|Real Estate Owned||$835,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.34%|
|Return on Assets||0.97%|
|Return on Equity||11.45%|
|Interest Income||$2.97 million|
Always verify rates and promotions with the bank or credit union. We are not Alliance Catholic Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.05%||$250||-||Business Primary Savings|
|0.05%||-||-||Christmas Club Savings|
|0.05%||$250||-||Parish Primary Savings|
|0.05%||$250||-||Roth IRA Savings|
|0.05%||$250||-||Business Secondary Savings|
|0.05%||$250||-||Parish Secondary Savings|
|0.20%||$100k||-||Money Market Savings Account|
|0.50%||-||$15k||Alliance Checking - Qualifying|
|0.90%||$1k||-||60 Month CD|
|0.75%||$1k||-||48 Month CD|
|0.60%||$1k||-||36 Month CD|
|0.40%||$1k||-||24 Month CD|
|0.20%||$1k||-||12 Month CD|
|0.15%||$1k||-||6 Month CD|
|0.90%||$1k||-||60 Month IRA|
|0.75%||$1k||-||48 Month IRA|
|0.60%||$1k||-||36 Month IRA|
|0.40%||$1k||-||24 Month IRA|
|0.20%||$1k||-||12 Month IRA|
|0.15%||$1k||-||6 Month IRA|
|Alliance Catholic Credit Union Locations|
|Branch Office||912 N Main St||Rochester, MI 48307-1432|
|Branch Office||26913 Northwestern Hwy Suite 520||Southfield, MI 48033|
|Branch Office||9300 Cooper St||Taylor, MI 48180-3317|
|Branch Office||2305 Monroe St||Dearborn, MI 48124-3009|
|Branch Office||24 Frank Lloyd Wright Dr||Ann Arbor, MI 48105|
|Branch Office||35353 Dodge Park Rd||Sterling Heights, MI 48312|
|Branch Office||845 S Lapeer Rd||Lake Orion, MI 48362-2925|
|Branch Office||7875 Cooley Lake Rd||West Bloomfield, MI 48324|
|Branch Office||255 E Maple Rd||Troy, MI 48083|
|Branch Office||19219 Allen Rd||Melvindale, MI 48122|