Compass Credit Union (MI) is headquartered in Sparta and is the 125th largest credit union in the state of Michigan. It is also the 1,982nd largest credit union in the nation. It was established in 1956 and as of December of 2020, it had grown to 18 employees and 7,440 members at 2 locations. Compass Credit Union (MI) has an A health rating.
Membership in Compass Credit Union is open to those who live, work, worship, or attend school in the Michigan counties of Allegan, Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola, or Ottawa. Immediate family of existing credit union members are also eligible to join.
See current membership details
OK experience with credit union. Customer service is fairly good, not exceptional. I had trouble using the mobile site, and was never able to get online to see my account. They seem to be behind on technological advances. No apps, as many competitors offer in this day and age.
Overall | |
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NCUA # | 62040 |
Year Chartered | 1956 |
Employees | 18 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.65% |
Return on Equity - YTD | 6% |
Annual Interest Income | $2.4MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $80.2MM$64.8MM |
Loans | Q4 2020vs Q4 2019 | $33.3MM$33.8MM |
Deposits | Q4 2020vs Q4 2019 | $71.4MM$56.9MM |
Equity Capital | Q4 2020vs Q4 2019 | $8.5MM$7.7MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $398.00K$415.00K |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $184.00K$231.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.04% | $25 | $20k | High Yield Checking |
Compass Credit Union (MI) Locations | ||
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Branch Office | 485 S State St | Sparta, MI 49345-1549 |
Branch Office | 115 S Stone Rd | Fremont, MI 49412 |