Detour Drummond Community Credit Union


Overview / Commentary
906-493-5263
34857 S Townline Rd
Drummond Island, MI 49726

Detour Drummond Community Credit Union is headquartered in Drummond Island and is the 164th largest credit union in the state of Michigan. It is also the 2,785th largest credit union in the nation. It was established in 1960 and as of March of 2019, it had grown to 9 employees and 2,086 members at 2 locations. Detour Drummond Community Credit Union has a B health rating.

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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. Detour Drummond Community Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #62344
Year Chartered1960
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD5.91%
Annual Interest Income$315.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$32.9MM$33.5MM
LoansQ1 2019vs Q1 2018$15.9MM$15.1MM
DepositsQ1 2019vs Q1 2018$28.2MM$29.3MM
Equity CapitalQ1 2019vs Q1 2018$4.5MM$4.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$136.00K$176.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$173.00K$182.00K
Real Estate OwnedQ1 2019vs Q1 2018$50.00K$68.00K
Rates
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Detour Drummond Community Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%--IRA Savings
0.50%--Christmas Club
0.35%--Regular Savings

Detour Drummond Community Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%--36 Month CD
0.90%--12 Month CD
0.85%--24 Month CD
0.55%--6 Month CD
Locations


Detour Drummond Community Credit Union Locations
Branch Office34857 S Townline RdDrummond Island, MI 49726-9486
Branch Office176 Elizabeth StDe Tour Village, MI 49725-5021

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