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Overview / Commentary
790 Joslyn Ave
Pontiac, MI 48340-2918

Chief Financial Credit Union is headquartered in Pontiac and is the 75th largest credit union in the state of Michigan. It is also the 1,307th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 45 employees and 21,714 members. Chief Financial Credit Union has a A+ health rating.

Field of Membership Restrictions

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Data for Q1 2014

Institution Health


Texas Ratio


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 Chief Financial Credit Union had $789,000 in non-current loans and owned real-estate with $16.84 million in equity and loan loss allowances on hand to cover it. This gives Chief Financial Credit Union a Texas Ratio of 4.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Chief Financial Credit Union decreased dramatically from 9.00% as of March 31, 2013 to 4.68% as of March 31, 2014, resulting in a positive change of 47.94%.This indicates that the balance sheet and financial strength for Chief Financial Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Chief Financial Credit Union has increased its total deposits by $2.44 million, resulting in 2.28% 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 Chief Financial Credit Union has shown is above 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. Chief Financial Credit Union has $125.46 million in assets with $16.84 million in equity, resulting in a capitalization level of 13.43%, which is excellent.

Institution Statistics

NCUA #4271
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$125.46 million
Loans$106.91 million
Deposits$109.32 million
Equity Capital$15.28 million
Loan Loss Allowance$1.57 million
Unbacked Noncurrent Loans$619,000
Real Estate Owned$170,000
Historic Data - March 2013
Assets$121.61 million
Equity Capital$14.00 million
Loan Loss Allowance$1.95 million
Unbacked Noncurrent Loans$619,000
Real Estate Owned$223,000
Profit Margin - Quarterly
Return on Assets1.14%
Return on Equity9.32%
Interest Income$1.38 million
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Chief Financial Credit Union Savings Account Rates

0.30%--IRA Account
0.30%--Roth IRA Account
0.30%--Educational IRA Account
0.05%--Regular Share Savings Account
0.05%--Christmas Club Account
0.05%--Kids Club Account

Chief Financial Credit Union Money Market Rates

0.40%$50k-Money Market Account

Chief Financial Credit Union CD Rates

1.00%--2 Year CD Special
0.85%--1 Year CD Special

Chief Financial Credit Union Locations
Branch Office790 Joslyn AvePontiac, MI 48340-2918
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