Financialedge Community Credit Union


Overview / Commentary
989-892-6088
1199 S Euclid Ave
Bay City, MI 48706

Financialedge Community Credit Union is headquartered in Bay City and is the 107th largest credit union in the state of Michigan. It is also the 1,679th largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 30 employees and 8,853 members at 3 locations. Financialedge Community Credit Union has an A health rating.

Field of Membership Restrictions

Financial Edge Community Credit Union of Michigan is open to the residents, church members, and people that maintain employment within these eligible locations: Arenac, Midland, and Saginaw, retirees that are 55+ drawing an income compensation from any source and are committed to a retirement organization within the county of the credit union main office, credit union employees, member affiliated organizations, the family members of the mentioned people, and the widows/widowers of deceased members.
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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. Financialedge Community Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #61619
Year Chartered1950
Employees30
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD7.15%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$95.0MM$90.9MM
LoansQ4 2019vs Q4 2018$69.7MM$64.8MM
DepositsQ4 2019vs Q4 2018$83.0MM$79.8MM
Equity CapitalQ4 2019vs Q4 2018$11.1MM$10.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$270.00K$277.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$379.00K$862.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Financialedge Community Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$25-Kirby Kids Club Account
1.05%$25-Elements Teen Club Account
1.00%*-$10kMyLife Savings
OTHER TIERS: 0.05% $10k+
0.40%*$150k*-High Yield 75 Savings
OTHER TIERS: 0.30% $75k - $100k | 0.35% $100k - $150k
0.35%*$250k*-Business High Yield Savings
OTHER TIERS: 0.15% $2.5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $250k
0.30%*$100k*-IRA Savings Account
OTHER TIERS: 0.15% $100 - $10k | 0.20% $10k - $50k | 0.25% $50k - $100k
0.25%*$75k*-High Yield 25 Savings
OTHER TIERS: 0.20% $25k - $50k | 0.23% $50k - $75k
0.20%*$25k*-High Yield 2.5 Savings
OTHER TIERS: 0.15% $2.5k - $10k | 0.18% $10k - $25k
0.05%$25-Member Savings Account
0.05%$25-Christmas Club Account
0.05%$25-Secondary Savings Account
0.05%$25-Member Business Savings

Financialedge Community Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--MyBusiness Gets Interest Checking
0.20%*$1.5k*-MyLife Gets Premier Interest
OTHER TIERS: 0.05% Up to $1.5k
0.10%--My Life Get Interest Checking

Financialedge Community Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100k-60 Month Jumbo CD
0.90%$1k-60 Month CD
0.90%$100-60 Month Youth CD
0.90%$100k-48 Month Jumbo CD
0.85%$50k-13 Month CD Special
0.85%$50k-13 Month Youth CD Special
0.80%$1k-48 Month CD
0.80%$100-48 Month Youth CD
0.80%$100k-36 Month Jumbo CD
0.70%$1k-36 Month CD
0.70%$100-36 Month Youth CD
0.70%$1k-7 Month CD Special
0.70%$100k-24 Month Jumbo CD
0.70%$1k-7 Month Youth CD Special
0.60%$1k-24 Month CD
0.60%$100-24 Month Youth CD
0.60%$100k-12 Month Jumbo CD
0.60%$100k-18 Month Jumbo CD
0.50%$1k-12 Month CD
0.50%$1k-18 Month CD
0.50%$100-12 Month Youth CD
0.50%$100-18 Month Youth CD
0.50%$100k-6 Month Jumbo CD
0.40%$1k-6 Month CD
0.40%$100-6 Month Youth CD

Financialedge Community Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100k-60 Month Jumbo IRA
0.90%$1k-60 Month IRA
0.90%$100k-48 Month Jumbo IRA
0.85%$50k-13 Month IRA Special
0.80%$1k-48 Month IRA
0.80%$100k-36 Month Jumbo IRA
0.70%$1k-36 Month IRA
0.70%$1k-7 Month IRA Special
0.70%$100k-24 Month Jumbo IRA
0.60%$1k-24 Month IRA
0.60%$100k-12 Month Jumbo IRA
0.60%$100k-18 Month Jumbo IRA
0.50%$1k-12 Month IRA
0.50%$1k-18 Month IRA
0.50%$100k-6 Month Jumbo IRA
0.40%$1k-6 Month IRA
Locations


Financialedge Community Credit Union Locations
Branch Office1199 S Euclid AveBay City, MI 48706
Branch Office1465 W Center RdEssexville, MI 48732
Branch Office1304 N Sherman StBay City, MI 48708

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