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Overview / Commentary
248-689-7400
26913 Northwestern Hwy Suite 520
Southfield, MI 48033

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.

Field of Membership Restrictions

- See Details

Reviews (2)

Kidding Me

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.

Ann Arbor Branch Staff Go Out Of Their Way To Serve!

Service second to none. Thanks Marie Anne!



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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.

Texas Ratio Trend

GRADE:
A+

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.

Deposit Growth

GRADE:
C-

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.

Capitalization

GRADE:
C+

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.

Institution Statistics

Overall
NCUA #61759
Year Chartered1956
Employees72
Primary Regulator
Assets and Liabilities
Assets$413.89 million
Loans$177.01 million
Deposits$375.94 million
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
Assets$421.91 million
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 Margin1.34%
Return on Assets0.97%
Return on Equity11.45%
Interest Income$2.97 million
Rates

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.

Alliance Catholic Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$250-Primary Savings
0.05%$250-Business Primary Savings
0.05%--Christmas Club Savings
0.05%$250-IRA Savings
0.05%$250-Parish Primary Savings
0.05%$250-Roth IRA Savings
0.05%$250-CESA Savings
0.05%$250-Business Secondary Savings
0.05%$250-Parish Secondary Savings
0.05%$250-Secondary Savings
0.05%--AngelSavers

Alliance Catholic Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market Savings Account

Alliance Catholic Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$15kAlliance Checking - Qualifying

Alliance Catholic Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Alliance Catholic Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
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
Locations


Alliance Catholic Credit Union Locations
Branch Office912 N Main StRochester, MI 48307-1432
Branch Office26913 Northwestern Hwy Suite 520Southfield, MI 48033
Branch Office9300 Cooper StTaylor, MI 48180-3317
Branch Office2305 Monroe StDearborn, MI 48124-3009
Branch Office24 Frank Lloyd Wright DrAnn Arbor, MI 48105
Branch Office35353 Dodge Park RdSterling Heights, MI 48312
Branch Office845 S Lapeer RdLake Orion, MI 48362-2925
Branch Office7875 Cooley Lake RdWest Bloomfield, MI 48324
Branch Office255 E Maple RdTroy, MI 48083
Branch Office19219 Allen RdMelvindale, MI 48122