2. Community Promise

Community Promise


Overview / Commentary
www.communitypromisefcu.org
269-459-1777
1313 Portage St
Kalamazoo, MI 49001-3050

Community Promise is headquartered in Kalamazoo and is the 227th largest credit union in the state of Michigan. It is also the 5,427th largest credit union in the nation. It was established in 2012 and as of March of 2018, it had grown to 5 employees and 642 members at 2 locations. Community Promise has a D 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

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Health
D

Data as of Q1 2018

Learn why bank health matters
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. Community Promise has a very low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #24848
Year Chartered2012
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD-18.84%
Return on Equity - YTD-253.33%
Annual Interest Income$16.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$804.00K$677.00K
LoansQ1 2018vs Q1 2017$548.00K$368.00K
DepositsQ1 2018vs Q1 2017$593.00K$543.00K
Equity CapitalQ1 2018vs Q1 2017$60.00K$134.00K
Secondary CapitalQ1 2018vs Q1 2017$150.00K
Loan Loss AllowanceQ1 2018vs Q1 2017$51.00K$13.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$43.00K$9.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates
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Community Promise Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$50-Regular Savings Account
0.10%$50-Club Account
0.10%$50-Holiday Account

Community Promise CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$500-12 Month Share Certificate of Deposit
Locations


Community Promise Locations
Branch Office816 Washington AveKalamazoo, MI 49001-3058
Branch Office1313 Portage StKalamazoo, MI 49001-3050

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