Overview / Commentary
Family Financial Credit Union is headquartered in Norton Shores and is the 91st largest credit union in the state of Michigan. It is also the 1,455th largest credit union in the nation. It was established in 1959 and as of September of 2024, it had grown to 32 employees and 16,706 members at 4 locations. Family Financial Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Family Financial Credit Union is open to those who live, work, worship, or attend school in the Michigan counties of Allegan, Kent, Mason, Montcalm, Muskegon, Newaygo, Oceana, or Ottawa. Immediate family members of current Family Financial Credit Union members are eligible for membership, regardless of where they live.
See current membership details
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Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61633 |
| Year Chartered | 1959 |
| Employees | 32 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 4.48% |
| Annual Interest Income | $5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $154.7MM$152.9MM |
| Loans | Q3 2024vs Q3 2023 | $98.7MM$97.7MM |
| Deposits | Q3 2024vs Q3 2023 | $134.9MM$135.6MM |
| Equity Capital | Q3 2024vs Q3 2023 | $17.5MM$15.2MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $660K$273K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $881K$476K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |