Baraga County Federal Credit Union


Overview / Commentary
906-524-6151
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 2,492nd largest credit union in the nation. It was established in 1952 and as of June of 2020, it had grown to 11 employees and 4,416 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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Health
B+
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

Overall
NCUA #7672
Year Chartered1952
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD6.89%
Annual Interest Income$566.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$46.8MM$40.8MM
LoansQ2 2020vs Q2 2019$13.4MM$12.7MM
DepositsQ2 2020vs Q2 2019$41.1MM$36.8MM
Equity CapitalQ2 2020vs Q2 2019$4.3MM$3.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$166.00K$120.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$49.00K$19.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Baraga County Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.16%--36 Month IRA
Locations


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

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