Compass Credit Union (MI) is headquartered in Sparta and is the 130th largest credit union in the state of Michigan. It is also the 2,064th largest credit union in the nation. It was established in 1956 and as of December of 2019, it had grown to 16 employees and 7,851 members at 2 locations. Compass Credit Union (MI) has a B+ 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
OK Credit Union Experience
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.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62040 |
| Year Chartered | 1956 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 7.11% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $64.8MM$63.4MM |
| Loans | Q4 2019vs Q4 2018 | $33.8MM$27.8MM |
| Deposits | Q4 2019vs Q4 2018 | $56.9MM$56.2MM |
| Equity Capital | Q4 2019vs Q4 2018 | $7.7MM$6.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $415.00K$355.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $231.00K$158.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |