Wildfire Credit Union is headquartered in SAGINAW and is the 11st largest credit union in the state of Michigan. It is also the 318st largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 126 employees and 38,372 members. Wildfire Credit Union's savings rates are 44% higher than the national average, and it boasts a A+ health rating.
Membership is open to those who live, work, worship or attend college in one of the following Michigan counties: Saginaw, Bay, Midland, Genesee, Gratiot, Shiawassee, Tuscola, Isabella, Gladwin, Arenac, Clare, Iosco, Ogemaw, Roscommon, Missaukee, Wexford, Crawford, Kalkaska, Grand Traverse, Benzie, Otsego, Antrim, and Leelanau. All family members of existing members and everyone employed in the communications field in the State of Michigan also qualify for membership. - See Details
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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, 2013 Wildfire Credit Union had $2.7 million in non-current loans and owned real-estate with $88.88 million in equity and loan loss allowances on hand to cover it. This gives Wildfire Credit Union a Texas Ratio of 3.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Wildfire Credit Union experienced no significant changes from 3.10% as of December 31, 2012 to 3.03% as of December 31, 2013, resulting in a positive change of 2.01%.This indicates that the balance sheet and financial strength for Wildfire Credit Union has had no significant changes in recent periods.
In the past year, Wildfire Credit Union has increased its total deposits by $6.18 million, resulting in 1.07% 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 Wildfire 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. Wildfire Credit Union has $679.41 million in assets with $88.88 million in equity, resulting in a capitalization level of 13.08%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$86.41 million|
|Loan Loss Allowance||$2.47 million|
|Unbacked Noncurrent Loans||$2.37 million|
|Real Estate Owned||$330,000|
|Historic Data - December 2012|
|Equity Capital||$90.50 million|
|Loan Loss Allowance||$2.28 million|
|Unbacked Noncurrent Loans||$2.37 million|
|Real Estate Owned||$269,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.6%|
|Return on Assets||0.38%|
|Return on Equity||3.02%|
|Interest Income||$24.84 million|
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|0.75%||-||-||Roth IRA Account|
|0.75%||-||-||SEP IRA Account|
|0.34%||$100k||-||High-Yield Deposit Account|
|0.25%||-||-||Vacation Club Account|
|0.21%||$10k||-||Health Savings Account|
|1.75%||$2k||-||75 Month CD Special|
|1.40%||$2k||-||60 Month CD|
|1.10%||$2k||-||48-59 Month CD|
|0.75%||$2k||-||36-47 Month CD|
|0.52%||$2k||-||24-35 Month CD|
|0.42%||$2k||-||18-23 Month CD|
|0.40%||$2k||-||12-17 Month CD|
|0.36%||$2k||-||6-11 Month CD|
|1.75%||$2k||-||75 Month IRA Special (Traditional,Roth,CESA,SEP)|
|1.40%||$2k||-||60 Month IRA (Traditional,CESA,SEP,Roth)|
|1.10%||$2k||-||48-59 Month IRA (Traditional,CESA,SEP,Roth)|
|0.75%||$2k||-||36-47 Month IRA (Traditional,CESA,SEP,Roth)|
|0.52%||$2k||-||24-35 Month IRA (Traditional,CESA,SEP,Roth)|
|0.42%||$2k||-||18-23 Month IRA (Traditional,CESA,SEP,Roth)|
|0.40%||$2k||-||12-17 Month IRA (Traditional,CESA,SEP,Roth)|
|0.36%||$2k||-||6-11 Month IRA (Traditional,CESA,SEP,Roth)|
|Wildfire Credit Union Locations|
|Branch Office||3465 N Center Rd||Saginaw, MI 48603-1863|
|Branch Office||100 Joseph Dr||Midland, MI 48642|
|Branch Office||6673 State St||Saginaw, MI 48603|
|Branch Office||6640 Bay Rd||Saginaw, MI 48604|
|Branch Office||3201 Kiesel Rd||Bay City, MI 48706|
|Branch Office||2936 Wilder Rd||Bay City, MI 48706|