Federal Employees Of Chippewa Cnty Credit Union
Overview / Commentary
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
Health
B
Data as of Q1 2019
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. Federal Employees Of Chippewa Cnty Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62105 |
| Year Chartered | 1957 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 9.95% |
| Annual Interest Income | $110.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $11.7MM$11.5MM |
| Loans | Q1 2019vs Q1 2018 | $8.6MM$8.9MM |
| Deposits | Q1 2019vs Q1 2018 | $10.6MM$10.4MM |
| Equity Capital | Q1 2019vs Q1 2018 | $1.0MM$990.00K |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $93.00K$63.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $0$4.00K |
| Real Estate Owned | Q1 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 Office | 119 E Water St | Sault Sainte Marie, MI 49783-2074 |