Overview / Commentary
616-887-8262
485 S State St
Sparta, MI 49345-1549

Compass Credit Union (MI) is headquartered in Sparta and is the 129th largest credit union in the state of Michigan. It is also the 2,045th largest credit union in the nation. It was established in 1956 and as of June of 2018, it had grown to 20 employees and 8,343 members at 2 locations. Compass Credit Union (MI) has an A health rating.

Field of Membership Restrictions

Membership in Compass Credit Union is open to those who live, work, attend school or worship in the following Michigan counties: Ottawa, Oceana, Osceola, Muskegon, Newaygo, Montcalm, Mason, Mecosta, Kent, Ionia, Lake, Allegan or Barry. Immediate family of existing credit union members are also eligible to join.
See current membership details

Reviews (1)

OK Credit Union Experience

Posted by: Bengart | Dec 12, 2017

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.



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. Compass Credit Union (MI) has a relatively low asset base.

Health Grade Components

Overall
NCUA #62040
Year Chartered1956
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD2.66%
Return on Equity - YTD26.43%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$65.8MM$40.6MM
LoansQ2 2018vs Q2 2017$25.1MM$14.8MM
DepositsQ2 2018vs Q2 2017$58.8MM$36.2MM
Equity CapitalQ2 2018vs Q2 2017$6.7MM$4.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$347.00K$159.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$154.00K$164.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Compass Credit Union (MI); we are a rate comparison website and cannot provide official rates or promotions.

Compass Credit Union (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$250-Traditional IRA Share Account
0.30%$250-Roth IRA Share Account
0.20%$1k-Premium Share Account
0.05%$250-Regular Share Account
0.01%$100-Christmas Club Account

Compass Credit Union (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.99%$500-60 Month Share Certificate
1.68%$500-48 Month Share Certificate
1.47%$500-36 Month Share Certificate
1.23%$500-24 Month Share Certificate
0.92%$500-12 Month Share Certificate
0.58%$500-6 Month Share Certificate

Compass Credit Union (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.99%$500-60 Month IRA Certificate
1.68%$500-48 Month IRA Certificate
1.47%$500-36 Month IRA Certificate
1.23%$500-24 Month IRA Certificate
0.92%$500-12 Month IRA Certificate
0.58%$500-6 Month IRA Certificate
Locations


Compass Credit Union (MI) Locations
Branch Office485 S State StSparta, MI 49345-1549
Branch Office115 S Stone RdFremont, MI 49412

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.