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Compass Credit Union (MI)


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

Compass Credit Union (MI) is headquartered in Sparta and is the 128th largest credit union in the state of Michigan. It is also the 2,065th largest credit union in the nation. It was established in 1956 and as of March of 2019, it had grown to 17 employees and 7,842 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

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
B+
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
Employees17
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD6.06%
Annual Interest Income$554.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$64.7MM$66.9MM
LoansQ1 2019vs Q1 2018$27.4MM$25.5MM
DepositsQ1 2019vs Q1 2018$57.3MM$59.9MM
Equity CapitalQ1 2019vs Q1 2018$7.1MM$6.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$369.00K$354.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$152.00K$158.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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Compass Credit Union (MI) Savings Account Rates

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

Compass Credit Union (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$25$20kHigh Yield Checking

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

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