Baraga County Federal Credit Union

Overview / Commentary
101 E Broad St
Lanse, MI 49946-1013

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


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Additional 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

NCUA #7672
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD5%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$41.4MM$38.9MM
LoansQ4 2019vs Q4 2018$13.0MM$12.3MM
DepositsQ4 2019vs Q4 2018$37.1MM$35.8MM
Equity CapitalQ4 2019vs Q4 2018$4.0MM$2.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$171.00K$121.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$51.00K$18.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Baraga County Federal Credit Union Savings Account Rates

0.50%--IRA Variable Rate Shares
0.30%$2.5k-40 Shares
0.20%$100-Regular Shares
0.20%--Life Savings

Baraga County Federal Credit Union CD Rates

1.26%$1k-48 Month Share Certificate
1.26%$1k-60 Month Share Certificate
1.26%$500-48 Month Youth Share Certificate
1.26%$500-60 Month Youth Share Certificate
1.16%$1k-36 Month Share Certificate
1.16%$500-36 Month Youth Share Certificate
0.85%$1k-24 Month Share Certificate
0.85%$500-24 Month Youth Share Certificate
0.55%$1k-12 Month Share Certificate
0.55%$500-12 Month Youth Share Certificate

Baraga County Federal Credit Union IRA Rates

1.16%--36 Month IRA

Baraga County Federal Credit Union Locations
Branch Office101 E Broad StLanse, MI 49946-1013

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