Community Promise


Overview / Commentary
269-459-1777
1313 Portage St
Kalamazoo, MI 49001

Community Promise is headquartered in Kalamazoo and is the 177th largest credit union in the state of Michigan. It is also the 4,341st largest credit union in the nation. It was established in 2012 and as of March of 2025, it had grown to 1 employees and 289 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.
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Health
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
Employees1
Primary Regulator
Profit Margin
Return on Assets - YTD-27.38%
Return on Equity - YTD-372.66%
Annual Interest Income$19K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.1MM$1.1MM
LoansQ1 2025vs Q1 2024$630K$494K
DepositsQ1 2025vs Q1 2024$814K$653K
Equity CapitalQ1 2025vs Q1 2024$77K$287K
Loan Loss AllowanceQ1 2025vs Q1 2024$46K$27K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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Community Promise Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$50-Regular Savings Account
Locations


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

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