Overview / Commentary
Farm Bureau Family Credit Union is headquartered in Lansing and is the 185th largest credit union in the state of Michigan. It is also the 3,375th largest credit union in the nation. It was established in 1934 and as of March of 2020, it had grown to 4 employees and 1,592 members at 1 location. Farm Bureau Family Credit Union has a B health rating.
Field of Membership Restrictions
Farm Bureau Family Credit Union of Michigan is open to the employees of the Farm Bureau Family of Companies, along with the members of the Farm Bureau and their associates and/or affiliates. Membership eligibility also extends to include the family members of the credit union members.
See current membership details
Health
B
Data as of Q1 2020
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. Farm Bureau Family Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62330 |
| Year Chartered | 1934 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 8.76% |
| Annual Interest Income | $170.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $19.4MM$19.3MM |
| Loans | Q1 2020vs Q1 2019 | $8.7MM$8.0MM |
| Deposits | Q1 2020vs Q1 2019 | $17.3MM$16.9MM |
| Equity Capital | Q1 2020vs Q1 2019 | $2.0MM$1.9MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $61.00K$71.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $6.00K$43.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |