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Overview / Commentary
989-249-8200
6640 Bay Rd
Saginaw, MI 48604

Wildfire Credit Union is headquartered in Saginaw and is the 13st largest credit union in the state of Michigan. It is also the 329th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 150 employees and 38,811 members. Wildfire Credit Union's savings rates are 44% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

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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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Wildfire Credit Union had $2.03 million in non-current loans and owned real-estate with $90.39 million in equity and loan loss allowances on hand to cover it. This gives Wildfire Credit Union a Texas Ratio of 2.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Wildfire Credit Union decreased slightly from 2.77% as of March 31, 2013 to 2.24% as of March 31, 2014, resulting in a positive change of 19.03%.This indicates that the balance sheet and financial strength for Wildfire Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, Wildfire Credit Union has increased its total deposits by $3.18 million, resulting in 0.54% 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.

Capitalization

GRADE:
A+

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 $688.9 million in assets with $90.39 million in equity, resulting in a capitalization level of 13.12%, which is excellent.

Institution Statistics

Overall
NCUA #60057
Year Chartered1937
Employees150
Primary Regulator
Assets and Liabilities
Assets$688.90 million
Loans$302.15 million
Deposits$594.04 million
Equity Capital$87.89 million
Loan Loss Allowance$2.51 million
Unbacked Noncurrent Loans$1.64 million
Real Estate Owned$385,000
Historic Data - March 2013
Assets$689.87 million
Equity Capital$90.81 million
Loan Loss Allowance$2.31 million
Unbacked Noncurrent Loans$1.64 million
Real Estate Owned$279,000
Profit Margin - Quarterly
Net Interest Margin1.19%
Return on Assets0.35%
Return on Equity2.71%
Interest Income$6.04 million
Rates
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Wildfire Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%--IRA Account
0.75%--Roth IRA Account
0.75%--SEP IRA Account
0.75%--CESA Account
0.34%$100k-High-Yield Deposit Account
0.25%--Share Account
0.25%--Vacation Club Account
0.25%--Christmas Club
0.21%$10k-Health Savings Account

Wildfire Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Checking Account

Wildfire Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Wildfire Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$2k-75 Month IRA Special
1.40%$2k-60 Month IRA
1.10%$2k-48-59 Month IRA
0.75%$2k-36-47 Month IRA
0.52%$2k-24-35 Month IRA
0.42%$2k-18-23 Month IRA
0.40%$2k-12-17 Month IRA
0.36%$2k-6-11 Month IRA
Locations


Wildfire Credit Union Locations
Branch Office3465 N Center RdSaginaw, MI 48603-1863
Branch Office100 Joseph DrMidland, MI 48642
Branch Office6673 State StSaginaw, MI 48603
Branch Office6640 Bay RdSaginaw, MI 48604
Branch Office3201 Kiesel RdBay City, MI 48706
Branch Office2936 Wilder RdBay City, MI 48706