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4000 S Sprinkle Rd
Kalamazoo, MI 49001-0818

Southwest Michigan Credit Union is headquartered in Kalamazoo and is the 126th largest credit union in the state of Michigan. It is also the 1,911st largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 9 employees and 4,467 members. Southwest Michigan Credit Union's savings rates are 44% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

The field of membership shall be limited to: Persons who live, work, worship, or attend school in, and businesses and other legal entities located in the Counties of Kalamazoo, Calhoun, Barry, Allegan, VanBuren, Berrien, Cass, St. Joseph, and Branch, Michigan; -Spouses of persons who died while within the field of membership of the credit union; -Employees of the credit union; -Persons retired as pensioners or annuitants from the above employment; Members of their immediate families; -Organizations of such persons. - See Details

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Southwest Michigan Federal Credit Union

Excellent place to do financial business!!


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Southwest Michigan Credit Union has a relatively low asset base.

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 Southwest Michigan Credit Union had $213,000 in non-current loans and owned real-estate with $12.82 million in equity and loan loss allowances on hand to cover it. This gives Southwest Michigan Credit Union a Texas Ratio of 1.66% 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 Southwest Michigan Credit Union experienced no significant changes from 1.62% as of March 31, 2013 to 1.66% as of March 31, 2014, resulting in a negative change of 2.51%. This indicates that the balance sheet and financial strength for Southwest Michigan Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Southwest Michigan Credit Union has decreased its total deposits by $-292,000, resulting in -0.52% 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 Southwest Michigan Credit Union has shown is 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. Southwest Michigan Credit Union has $69.74 million in assets with $12.82 million in equity, resulting in a capitalization level of 18.38%, which is excellent.

Institution Statistics

NCUA #4103
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$69.74 million
Loans$27.50 million
Deposits$55.48 million
Equity Capital$12.66 million
Loan Loss Allowance$163,000
Unbacked Noncurrent Loans$213,000
Real Estate Owned$0
Historic Data - March 2013
Assets$69.51 million
Equity Capital$12.32 million
Loan Loss Allowance$145,000
Unbacked Noncurrent Loans$213,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.27%
Return on Assets0.49%
Return on Equity2.69%
Interest Income$426,000
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Southwest Michigan Credit Union Savings Account Rates

0.75%--Traditional IRA
0.75%--Roth IRA
0.75%--Educational IRA
0.15%$200-Share Savings
0.15%$200-Club Account
0.15%$200-Christmas Club

Southwest Michigan Credit Union Money Market Rates

0.50%$50k-Super Money Market

Southwest Michigan Credit Union CD Rates

1.85%$3k-60 Month Share Certificate
1.40%$3k-48 Month Share Certificate
0.70%$3k-30 Month Share Certificate
0.45%$1k-13 Month Share Certificate
0.30%$1k-6 Month Share Certificate

Southwest Michigan Credit Union IRA Rates

1.85%$3k-60 Month IRA Certificate
1.40%$3k-48 Month IRA Certificate
0.70%$3k-30 Month IRA Certificate
0.45%$1k-13 Month IRA Certificate
0.30%$1k-6 Month IRA Certificate

Southwest Michigan Credit Union Locations
Branch Office74 Washington Ave NBattle Creek, MI 49037-3085
Branch Office320 Columbia Ave EBattle Creek, MI 49015-4460
Branch Office4000 S Sprinkle RdKalamazoo, MI 49001-0818