Overview / Commentary
Calcite Credit Union is headquartered in Rogers City and is the 107th largest credit union in the state of Michigan. It is also the 1,642nd largest credit union in the nation. It was established in 1961 and as of June of 2022, it had grown to 20 employees and 9,427 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 Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62333 |
| Year Chartered | 1961 |
| Employees | 20 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 7.83% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $125.4MM$112.4MM |
| Loans | Q2 2022vs Q2 2021 | $52.6MM$46.5MM |
| Deposits | Q2 2022vs Q2 2021 | $112.9MM$98.1MM |
| Equity Capital | Q2 2022vs Q2 2021 | $10.6MM$12.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $172.00K$145.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $322.00K$101.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |