Overview / Commentary
Calcite Credit Union is headquartered in Rogers City and is the 112th largest credit union in the state of Michigan. It is also the 1,761st largest credit union in the nation. It was established in 1961 and as of December of 2020, it had grown to 21 employees and 9,116 members at 3 locations. Calcite Credit Union has an A health rating.
Field of Membership Restrictions
Calcite Credit Union is open to those who live, work, worship, attend school, or own property in the Michigan counties of Alpena, Cheboygan, Emmet, or Presque Isle. Membership is also open to immediate families of those eligible and employees of Calcite Credit Union.
See current membership details
Health
A
Data as of Q4 2020
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. Calcite Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62333 |
| Year Chartered | 1961 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.87% |
| Return on Equity - YTD | 6.99% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $99.8MM$82.2MM |
| Loans | Q4 2020vs Q4 2019 | $46.5MM$44.3MM |
| Deposits | Q4 2020vs Q4 2019 | $86.2MM$69.7MM |
| Equity Capital | Q4 2020vs Q4 2019 | $12.1MM$10.9MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $141.00K$155.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $75.00K$127.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |