Overview / Commentary
Baraga County Federal Credit Union is headquartered in Lanse and is the 148th largest credit union in the state of Michigan. It is also the 2,518th largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 11 employees and 4,466 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 Q4 2019
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 | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 5% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $41.4MM$38.9MM |
| Loans | Q4 2019vs Q4 2018 | $13.0MM$12.3MM |
| Deposits | Q4 2019vs Q4 2018 | $37.1MM$35.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.0MM$2.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $171.00K$121.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $51.00K$18.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |