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Overview / Commentary
415 Washington Avenue
Bay City, MI 48708

Credit Union Plus is headquartered in Bay City and is the 155th largest credit union in the state of Michigan. It is also the 2,532nd largest credit union in the nation. It was established in 1963 and as of June of 2016, it had grown to 18 employees and 5,136 members at 3 locations. Credit Union Plus has a B health rating.

Field of Membership Restrictions

CU Plus of Michigan is open to the residents and people maintaining employment in the town of Birch Run, or the Michigan Counties of Taymouth and Saginaw as well as the employees of Bay Medical Center Inc., employees of employer groups based within a 25-mile distance of the CU main office in any direction, members that were carried over through a merger, retirees that receive an income compensation and live in the geographical boundaries of the FOM, CU employees, family members of eligible members, widows/widowers of deceased members, and CU member affiliated organizations.
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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. Credit Union Plus has a low asset base.

Health Grade Components

NCUA #61296
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.21%
Annual Interest Income$734.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$41.1MM$38.9MM
LoansQ2 2016vs Q2 2015$21.6MM$19.6MM
DepositsQ2 2016vs Q2 2015$36.3MM$34.3MM
Equity CapitalQ2 2016vs Q2 2015$4.6MM$4.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$346.00K$304.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$696.00K$552.00K
Real Estate OwnedQ2 2016vs Q2 2015$107.00K$380.00K
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Credit Union Plus Savings Account Rates

0.75%--IRA Share Account

Credit Union Plus Money Market Rates

0.30%$10k-Money Market PLUS

Credit Union Plus CD Rates

1.05%--3 Year CD

Credit Union Plus IRA Rates

1.05%--3 Year IRA CD

Credit Union Plus Locations
Branch Office415 Washington AveBay City, MI 48708-5712
Branch Office9426 Birch Run RdBirch Run, MI 48415-9442
Branch Office1002 W Indiana StBay City, MI 48706-4200