Overview / Commentary
Compass Credit Union (MI) is headquartered in Sparta and is the 113th largest credit union in the state of Michigan. It is also the 1,783rd largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 18 employees and 7,616 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, 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
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62040 |
| Year Chartered | 1956 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 3.99% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $105.6MM$94.3MM |
| Loans | Q1 2025vs Q1 2024 | $47.7MM$52.2MM |
| Deposits | Q1 2025vs Q1 2024 | $96.3MM$87MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.9MM$6.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $901K$1.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $186K$273K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |