Compass Credit Union (MI) is headquartered in Sparta and is the 121st largest credit union in the state of Michigan. It is also the 1,912th largest credit union in the nation. It was established in 1956 and as of June of 2022, it had grown to 18 employees and 7,933 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, 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
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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 Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62040 |
| Year Chartered | 1956 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 11.1% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $93.0MM$87.4MM |
| Loans | Q2 2022vs Q2 2021 | $55.5MM$31.3MM |
| Deposits | Q2 2022vs Q2 2021 | $85.5MM$78.4MM |
| Equity Capital | Q2 2022vs Q2 2021 | $6.6MM$8.5MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $0$353.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $144.00K$92.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |