Overview / Commentary
Community Promise is headquartered in Kalamazoo and is the 235th largest credit union in the state of Michigan. It is also the 5,572nd largest credit union in the nation. It was established in 2012 and as of June of 2017, it had grown to 4 employees and 613 members at 2 locations. Community Promise has a C+ health rating.
Field of Membership Restrictions
Membership in Community Promise Federal Credit Union is open to those who live, work, volunteer, attend school or worship in Kalamazoo, Michigan.
See current membership details
Health
C+
Data as of Q2 2017
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. Community Promise has a very low asset base, and a negative return on assets.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24848 |
| Year Chartered | 2012 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -4.02% |
| Return on Equity - YTD | -30.93% |
| Annual Interest Income | $24.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $815.00K$467.00K |
| Loans | Q2 2017vs Q2 2016 | $444.00K$267.00K |
| Deposits | Q2 2017vs Q2 2016 | $568.00K$398.00K |
| Equity Capital | Q2 2017vs Q2 2016 | $97.00K$69.00K |
| Secondary Capital | Q2 2017vs Q2 2016 | $150.00K |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $12.00K$14.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $27.00K$10.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
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Community Promise Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $50 | - | Regular Savings Account | |
| 0.10% | $50 | - | Club Account | |
| 0.10% | $50 | - | Holiday Account |
Community Promise CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $500 | - | 12 Month Share Certificate of Deposit |
Locations
| Community Promise Locations | ||
|---|---|---|
| Branch Office | 816 Washington Ave | Kalamazoo, MI 49001-3058 |
| Branch Office | 1313 Portage St | Kalamazoo, MI 49001-3050 |