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Compass Credit Union (MI)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.20%1-year CD12 Month Share Certificate
0.05%SavingsRegular Share Account
0.70%3-year CD36 Month Share Certificate

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

Compass Credit Union (MI) is headquartered in Sparta and is the 154th largest credit union in the state of Michigan. It is also the 2,545th largest credit union in the nation. It was established in 1956 and as of December of 2017, it had grown to 13 employees and 5,686 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 Allegan, Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola, or Ottawa Counties in Michigan.
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 low asset base.

Health Grade Components

Overall
NCUA #62040
Year Chartered1956
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD8.29%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$40.2MM$40.7MM
LoansQ4 2017vs Q4 2016$15.6MM$14.5MM
DepositsQ4 2017vs Q4 2016$35.7MM$36.7MM
Equity CapitalQ4 2017vs Q4 2016$4.3MM$3.9MM
Loan Loss AllowanceQ4 2017vs Q4 2016$169.00K$157.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$217.00K$129.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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Compass Credit Union (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$25-Traditional IRA Share Account
0.30%$25-Roth IRA Share Account
0.20%$1k-Premium Share Account
0.05%$100-Regular Share Account

Compass Credit Union (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-36 Month Share Certificate
0.55%$500-24 Month Share Certificate
0.20%$500-12 Month Share Certificate
0.15%$500-6 Month Share 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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