Overview / Commentary
Copoco Community Credit Union is headquartered in Bay City and is the 106th largest credit union in the state of Michigan. It is also the 1,672nd largest credit union in the nation. It was established in 1951 and as of December of 2019, it had grown to 33 employees and 11,383 members at 3 locations. Copoco Community Credit Union has a B+ health rating.
Field of Membership Restrictions
COPOCO Community Credit Union is open to individuals who live, work, worship, or attend school in the Michigan counties of Arenac, Bay, Gladwin, Isabella, Midland, or Saginaw. Immediate family members of those eligible to join also qualify for membership.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional 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. Copoco Community Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60470 |
| Year Chartered | 1951 |
| Employees | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.42% |
| Return on Equity - YTD | 5% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $96.0MM$96.8MM |
| Loans | Q4 2019vs Q4 2018 | $57.8MM$61.0MM |
| Deposits | Q4 2019vs Q4 2018 | $85.6MM$87.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $8.2MM$7.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $534.00K$841.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $419.00K$339.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$408.00K |