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Besser Credit Union

Popular Accounts at this Credit Union

0.10%SavingsRegular Share
0.10%SavingsSpecial Share
0.25%CheckingBig ā€œDā€ Checking Account

Overview / Commentary
1381 N Bagley St
Alpena, MI 49707-8101

Besser Credit Union is headquartered in Alpena and is the 124th largest credit union in the state of Michigan. It is also the 1,955th largest credit union in the nation. It was established in 1966 and as of December of 2016, it had grown to 16 employees and 8,374 members at 2 locations. Besser Credit Union has a B+ health rating.

Field of Membership Restrictions

Besser CU is open to any resident, church member, or active employee in Alpena County or within these Michigan towns; Krakow, Posen, Pulaski, Presque, Isle Oscoda, Alcona, and Montmorency. Membership eligibility also extends to include seniors (55+) who receives some type of retirement or pension and resides in a county where a Besser CU office is located, direct family members of CU members, CU employees, widows/widowers that remain unmarried, and various organizations that fit the outlined qualifying criteria.
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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. Besser Credit Union has a relatively low asset base.

Health Grade Components

NCUA #62203
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD6.51%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$70.7MM$67.9MM
LoansQ4 2016vs Q4 2015$30.4MM$28.4MM
DepositsQ4 2016vs Q4 2015$63.1MM$60.3MM
Equity CapitalQ4 2016vs Q4 2015$7.2MM$7.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$167.00K$159.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$385.00K$192.00K
Real Estate OwnedQ4 2016vs Q4 2015$66.00K$0
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Besser Credit Union Savings Account Rates

1.00%--Roth IRA Share
1.00%--Roth Conversion IRA Share
1.00%--Coverdell IRA Share
1.00%--Traditional IRA Share
0.10%--Regular Share
0.10%--Christmas Club
0.10%--Vacation Club
0.10%--Special Share
0.10%--Organizational Share

Besser Credit Union Checking Account Rates

0.25%$500-Big ā€œDā€ Checking Account

Besser Credit Union Locations
Branch Office7421 US Highway 23 NAlpena, MI 49707-7941
Branch Office1381 N Bagley StAlpena, MI 49707-8101