Vibe Credit Union is headquartered in Novi and is the 25th largest credit union in the state of Michigan. It is also the 517st largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 122 employees and 31,413 members. Vibe Credit Union has a A health rating.
Must live, work, worship or attend school in Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Hills, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland, Huntington Woods, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Novi, Oak Park, Orchard Lake, Pleasant Ridge, Royal Oak, Royal Oak Township, South Lyon, Walled Lake, Waterford, West Bloomfield, White Lake, Wixom or Wolverine Lake in Oakland County; Canton, Garden City, Inkster, Livonia, Northville, Plymouth, Westland or Wayne, in Wayne County. - See Details
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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 Vibe Credit Union had $1.78 million in non-current loans and owned real-estate with $69.44 million in equity and loan loss allowances on hand to cover it. This gives Vibe Credit Union a Texas Ratio of 2.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Vibe Credit Union decreased dramatically from 5.47% as of March 31, 2013 to 2.56% as of March 31, 2014, resulting in a positive change of 53.18%.This indicates that the balance sheet and financial strength for Vibe Credit Union has improved dramatically in recent periods.
In the past year, Vibe Credit Union has decreased its total deposits by -$5.57 million, resulting in -1.55% 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 Vibe 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. Vibe Credit Union has $426.61 million in assets with $69.44 million in equity, resulting in a capitalization level of 16.28%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$65.84 million|
|Loan Loss Allowance||$3.60 million|
|Unbacked Noncurrent Loans||$949,000|
|Real Estate Owned||$828,000|
|Historic Data - March 2013|
|Equity Capital||$64.13 million|
|Loan Loss Allowance||$4.40 million|
|Unbacked Noncurrent Loans||$949,000|
|Real Estate Owned||$1.74 million|
|Profit Margin - Quarterly|
|Return on Assets||0.18%|
|Return on Equity||1.2%|
|Interest Income||$3.49 million|
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|0.12%||$20k||-||Individual Retirement Account|
|0.05%||-||-||FU$E Rewards Savings|
|0.02%||-||-||Business Share Savings|
|0.15%||$20k||-||Money Management Account|
|2.00%||$500||-||60 Month CD|
|1.50%||$500||-||48 Month CD|
|1.00%||$500||-||36 Month CD|
|0.85%||$500||-||30 Month CD|
|0.75%||$500||-||24 Month CD|
|0.25%||$500||-||12 Month CD|
|0.25%||$500||-||18 Month CD|
|Vibe Credit Union Locations|
|Branch Office||9373 Middlebelt Rd||Livonia, MI 48150-3060|
|Branch Office||21100 Northwestern Hwy||Southfield, MI 48075-5013|
|Branch Office||44300 Warren Rd||Canton, MI 48187-2145|
|Branch Office||22245 Haggerty Rd||Novi, MI 48375-5316|
|Branch Office||3082 Coolidge Hwy||Berkley, MI 48072|
|Branch Office||21985 Pontiac Trl||South Lyon, MI 48178-8727|
|Branch Office||44575 W 12 Mile Rd||Novi, MI 48377-2505|