Family Financial Credit Union

Family Financial Credit Union Locations
3575 Henry St
Muskegon, MI 49441
1-800-332-0779
www.ff-cu.org

NCUA

Family Financial Credit Union is headquartered in Norton Shores and is the 101st largest credit union in the state of Michigan. It is also the 1,581st largest credit union in the nation. It was established in 1959 and as of December of 2012, it had grown to 22 employees and 14,367 members. Family Financial Credit Union has a 5-star health rating.

Family Financial Credit Union Routing Number: 272483251

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5.59% 60-Month / 5.38% 48-Month CD at a Michigan CU (Family Financial) - 11/21/2007

Family Financial Credit Union is offering some competitive CD rates on its long term Jumbo certificates of deposit. The Jumbo CDs only require a minimum deposit of $25K. The yields for a 60, 48 and 36 month term are 5.59%, 5.38% and 5.17% APY. The rates...



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See Rates for: Savings | CD | IRA

Family Financial Credit Union Savings Account Rates

ApyMinMaxProduct
0.35%$25k-High Yield Savings Account
0.25%--Individual Retirement Account
0.25%--Roth IRA
0.25%--Coverdell Education Savings Account
0.10%$105-Regular Savings Account
0.10%--Christmas Club Account
0.10%--Dream Club Account
0.10%--Special Purpose Savings Account
0.10%--Earnie Youth Account

Family Financial Credit Union CD Rates

ApyMinMaxProduct
1.51%$25k-60 Month Jumbo CD
1.41%$500-60 Month CD
1.21%$25k-48 Month Jumbo CD
1.11%$500-48 Month CD
0.90%$25k-36 Month Jumbo CD
0.80%$500-36 Month CD
0.70%$25k-24 Month Jumbo CD
0.60%$500-24 Month CD
0.50%$25k-12 Month Jumbo CD
0.40%$500-12 Month CD
0.30%$500-6 Month CD
0.30%$100-6 Month CD Plus
0.25%$25-1 Year Save to Win CD
0.20%$500-3 Month CD

Family Financial Credit Union IRA Rates

ApyMinMaxProduct
1.51%$25k-60 Month Jumbo IRA Certificate
1.51%$25k-60 Month Jumbo Roth IRA Certificate
1.51%$25k-60 Month Coverdell ESA Jumbo Certificate
1.41%$500-60 Month IRA Certificate
1.41%$500-60 Month Roth IRA Certificate
1.41%$500-60 Month Coverdell ESA Certificate
1.21%$25k-48 Month Jumbo IRA Certificate
1.21%$25k-48 Month Jumbo Roth IRA Certificate
1.21%$25k-48 Month Coverdell ESA Jumbo Certificate
1.11%$500-48 Month IRA Certificate
1.11%$500-48 Month Roth IRA Certificate
1.11%$500-48 Month Coverdell ESA Certificate
0.90%$25k-36 Month Jumbo IRA Certificate
0.90%$25k-36 Month Jumbo Roth IRA Certificate
0.90%$25k-36 Month Coverdell ESA Jumbo Certificate
0.80%$500-36 Month IRA Certificate
0.80%$500-36 Month Roth IRA Certificate
0.80%$500-36 Month Coverdell ESA Certificate
0.70%$25k-24 Month Jumbo IRA Certificate
0.70%$25k-24 Month Jumbo Roth IRA Certificate
0.70%$25k-24 Month Coverdell ESA Jumbo Certificate
0.60%$500-24 Month IRA Certificate
0.60%$500-24 Month Roth IRA Certificate
0.60%$500-24 Month Coverdell ESA Certificate
0.50%$25k-12 Month Jumbo IRA Certificate
0.50%$25k-12 Month Jumbo Roth IRA Certificate
0.50%$25k-12 Month Coverdell ESA Jumbo Certificate
0.40%$500-12 Month IRA Certificate
0.40%$500-12 Month Roth IRA Certificate
0.40%$500-12 Month Coverdell ESA Certificate
0.30%$500-6 Month IRA Certificate
0.30%$500-6 Month Roth IRA Certificate
0.30%$500-6 Month Coverdell ESA Certificate
0.20%$500-3 Month IRA Certificate
0.20%$500-3 Month Roth IRA Certificate
0.20%$500-3 Month Coverdell ESA Certificate

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


FAMILY FINANCIAL
NCUA #61633
BankRate ReportView
Year Chartered1959
Employees22
Primary Regulator

Assets and Liabilities

Assets$89.34 million
Loans$48.79 million
Deposits$76.56 million
Equity Capital$12.28 million
Loan Loss Allowance$483,000
Unbacked Noncurrent Loans$356,000
Real Estate Owned$84,000

Historic Data - December 2011

Assets$85.19 million
Equity Capital$11.50 million
Loan Loss Allowance$425,000
Unbacked Noncurrent Loans$341,000
Real Estate Owned$174,000

Profit Margin - Quarterly

Net Interest Margin4.53%
Return on Assets0.62%
Return on Equity4.51%
Interest Income$3.08 million
Non-Interest Income$1.14 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Family Financial Credit Union had $440,000 in non-current loans and owned real-estate with $12.77 million in equity and loan loss allowances on hand to cover it. This gives Family Financial Credit Union a Texas Ratio of 3.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Family Financial Credit Union decreased slightly from 4.32% as of December 31, 2011 to 3.45% as of December 31, 2012, resulting in a positive change of 20.18%.This indicates that the balance sheet and financial strength for Family Financial Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Family Financial Credit Union has increased its total deposits by $3.3 million, resulting in 4.5% 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 Family Financial Credit Union has shown is above average.
Capitalization5
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. Family Financial Credit Union has $89.34 million in assets with $12.77 million in equity, resulting in a capitalization level of 14.29%, which is excellent.
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