Overview / Commentary
Circle Federal Credit Union is headquartered in Niles and is the 123rd largest credit union in the state of Michigan. It is also the 2,003rd largest credit union in the nation. It was established in 1975 and as of September of 2019, it had grown to 32 employees and 5,066 members at 3 locations. Circle Federal Credit Union's CD rates are 34% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Circle Federal Credit Union is open to anyone who lives, works, worships, or is part of an organization in Cass County, Niles Township, or the City of Niles.
See current membership details
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Reviews (1)
Not With My Money
Posted by: Birdz | Aug 3, 2017
This credit union will not be receiving any of my money
Health
B+
Data as of Q3 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. Circle Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 22114 |
| Year Chartered | 1975 |
| Employees | 32 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.14% |
| Return on Equity - YTD | 1.78% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $68.4MM$59.4MM |
| Loans | Q3 2019vs Q3 2018 | $56.7MM$46.7MM |
| Deposits | Q3 2019vs Q3 2018 | $61.3MM$52.4MM |
| Equity Capital | Q3 2019vs Q3 2018 | $5.3MM$5.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $97.00K$96.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $205.00K$128.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |