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Chippewa County Credit Union


Overview / Commentary
906-632-3134
402 W Spruce St
Sault Sainte Marie, MI 49783

Chippewa County Credit Union is headquartered in Sault Sainte Marie and is the 169th largest credit union in the state of Michigan. It is also the 2,930th largest credit union in the nation. It was established in 1955 and as of March of 2019, it had grown to 13 employees and 3,421 members at 2 locations. Chippewa County Credit Union has a C+ health rating.

Field of Membership Restrictions

Chippewa County Credit Union is open to current or retired employees of Sault Area Schools, Chippewa County, War Memorial Hospital, Lake Superior State University Staff and Students, Sault Tribe of Chippewa Indians, Michigan Department of Corrections, and Active duty, Reserve Coast Guard, and Civilian members of the Sault Ste. Marie area.
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Health
C+
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. Chippewa County Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #61416
Year Chartered1955
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.57%
Annual Interest Income$274.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$29.3MM$28.8MM
LoansQ1 2019vs Q1 2018$17.6MM$18.4MM
DepositsQ1 2019vs Q1 2018$25.9MM$25.6MM
Equity CapitalQ1 2019vs Q1 2018$3.1MM$2.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$195.00K$227.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$150.00K$284.00K
Real Estate OwnedQ1 2019vs Q1 2018$349.00K$229.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chippewa County Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Preferred Funds
OTHER TIERS: 0.10% $5 - $100k
0.10%--Share Account
0.10%--IRA Share

Chippewa County Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%--5 Year CD
1.00%--3 Year CD
0.75%--1 Year CD
0.50%--180 Day CD

Chippewa County Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%--5 Year IRA
1.00%--3 Year IRA
0.75%--1 Year IRA
0.50%--180 Day IRA
Locations


Chippewa County Credit Union Locations
Branch Office4868 W M 80Kincheloe, MI 49788
Branch Office402 W Spruce StSault Sainte Marie, MI 49783-1848

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