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Federal Employees Of Chippewa Cnty Credit Union


Overview / Commentary
800-350-6760
119 E Water St
Sault Sainte Marie, MI 49783-2074

Federal Employees Of Chippewa Cnty Credit Union is headquartered in Sault Sainte Marie and is the 201st largest credit union in the state of Michigan. It is also the 3,901st largest credit union in the nation. It was established in 1957 and as of March of 2019, it had grown to 3 employees and 1,475 members at 1 location. Federal Employees Of Chippewa Cnty Credit Union has a B health rating.

Field of Membership Restrictions

Federal Employees of Chippewa County Credit Union of Michigan is open to the residents, church members, and people that maintain employment in Chippewa County and their direct family members.
See current membership details

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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. Federal Employees Of Chippewa Cnty Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #62105
Year Chartered1957
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD9.95%
Annual Interest Income$110.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$11.7MM$11.5MM
LoansQ1 2019vs Q1 2018$8.6MM$8.9MM
DepositsQ1 2019vs Q1 2018$10.6MM$10.4MM
Equity CapitalQ1 2019vs Q1 2018$1.0MM$990.00K
Loan Loss AllowanceQ1 2019vs Q1 2018$93.00K$63.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$0$4.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates

Rates for Federal Employees Of Chippewa Cnty Credit Union are currently being reviewed.

Locations


Federal Employees Of Chippewa Cnty Credit Union Locations
Branch Office119 E Water StSault Sainte Marie, MI 49783-2074

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