Overview / Commentary
Calcite Credit Union is headquartered in Rogers City and is the 115th largest credit union in the state of Michigan. It is also the 1,820th largest credit union in the nation. It was established in 1961 and as of December of 2019, it had grown to 19 employees and 8,940 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, or go to school in Alpena, Emmet, Presque Isle, or Cheboygan. Membership is also open to immediate families and employees of the credit union.
See current membership details
Health
A
Data as of Q4 2019
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 | 19 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 8.91% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $82.2MM$77.3MM |
| Loans | Q4 2019vs Q4 2018 | $44.3MM$41.0MM |
| Deposits | Q4 2019vs Q4 2018 | $69.7MM$66.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $10.9MM$9.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $155.00K$136.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $127.00K$133.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |