Chippewa County Credit Union

Overview / Commentary
402 W Spruce St
Sault Sainte Marie, MI 49783

Chippewa County Credit Union is headquartered in Sault Sainte Marie and is the 168th largest credit union in the state of Michigan. It is also the 2,937th largest credit union in the nation. It was established in 1955 and as of December of 2019, it had grown to 12 employees and 3,350 members at 2 locations. Chippewa County Credit Union has a B 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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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

NCUA #61416
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD5.65%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$28.5MM$27.4MM
LoansQ4 2019vs Q4 2018$16.7MM$18.1MM
DepositsQ4 2019vs Q4 2018$24.9MM$24.1MM
Equity CapitalQ4 2019vs Q4 2018$3.3MM$3.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$201.00K$167.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$305.00K$376.00K
Real Estate OwnedQ4 2019vs Q4 2018$314.00K$399.00K
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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

0.20%*$100k*-Preferred Funds
OTHER TIERS: 0.05% $5 - $25k | 0.15% $25k - $100k
0.10%--IRA Share
0.05%--Share Account

Chippewa County Credit Union CD Rates

1.00%--5 Year CD
0.80%--3 Year CD
0.50%--1 Year CD
0.25%--180 Day CD

Chippewa County Credit Union IRA Rates

1.00%--5 Year IRA
0.80%--3 Year IRA
0.50%--1 Year IRA
0.25%--180 Day IRA

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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