Community Alliance Credit Union is headquartered in Livonia and is the 107th largest credit union in the state of Michigan. It is also the 1,666th largest credit union in the nation. It was established in 1966 and as of June of 2020, it had grown to 25 employees and 8,932 members at 2 locations. Community Alliance Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, volunteer, attend school or worship in Monroe, Oakland, Wayne, Washtenaw, and Livingston Counties in Michigan. Membership is also open to employees, members of the Board of Directors/Governors, and pensioners of the Automobile Club of Michigan, the Auto Club Insurance Association, the Auto Club Group, and their successor and subsidiary companies and those who receive a retirement annuity, pension, social security, or similar retirement payment and live in or are part of a retirement organization in the counties served.
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Open 7 Days
They are open 7 days a week! The staff is very friendly and knowledgeable.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61184 |
| Year Chartered | 1966 |
| Employees | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.28% |
| Return on Equity - YTD | -3.16% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $106.2MM$99.1MM |
| Loans | Q2 2020vs Q2 2019 | $64.7MM$77.4MM |
| Deposits | Q2 2020vs Q2 2019 | $96.7MM$84.2MM |
| Equity Capital | Q2 2020vs Q2 2019 | $8.9MM$8.8MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $856.00K$1.1MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $728.00K$886.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |