Baraga County Federal Credit Union
Overview / Commentary
Baraga County Federal Credit Union is headquartered in Lanse and is the 135th largest credit union in the state of Michigan. It is also the 2,313th largest credit union in the nation. It was established in 1952 and as of March of 2025, it had grown to 12 employees and 4,489 members at 1 location. Baraga County Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Baraga County Federal Credit Union is open to those who live or work in Baraga County, Michigan. Relatives of current members are eligible to join, regardless of where they live or work.
See current membership details
Health
B
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Baraga County Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7672 |
| Year Chartered | 1952 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 6.57% |
| Annual Interest Income | $450K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $57.8MM$56.4MM |
| Loans | Q1 2025vs Q1 2024 | $18.6MM$18.4MM |
| Deposits | Q1 2025vs Q1 2024 | $54MM$53.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $3.4MM$1.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $110K$101K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $25K$32K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |