Baraga County Federal Credit Union
LOCATIONS
1
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HEALTH RATING
B
View health report
CURRENT TOP RATE
1.26% APY
48 Month Share Certificate
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.26% | 5-year CD | |
| 0.55% | 1-year CD | |
| 0.15% | Savings | 2.20% - Barclays Online Savings Account |
Overview / Commentary
Baraga County Federal Credit Union is headquartered in Lanse and is the 154th largest credit union in the state of Michigan. It is also the 2,572nd largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 9 employees and 4,614 members at 1 location. Baraga County Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those working or living in Baraga County in Michigan.
See current membership details
Health
B
Data as of Q4 2018
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7672 |
| Year Chartered | 1952 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 10.96% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $38.9MM$37.7MM |
| Loans | Q4 2018vs Q4 2017 | $12.3MM$11.1MM |
| Deposits | Q4 2018vs Q4 2017 | $35.8MM$34.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $2.9MM$2.9MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $121.00K$109.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $18.00K$9.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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Baraga County Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | IRA Variable Rate Shares | |
| 0.25% | $2.5k | - | 40 Shares | |
| 0.15% | $100 | - | Regular Shares | |
| 0.15% | - | - | Life Savings |
Baraga County Federal Credit Union CD Rates
Baraga County Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.16% | - | - | 36 Month IRA |
Locations
| Baraga County Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 101 E Broad St | Lanse, MI 49946-1013 |