FinancialEdge Credit Union

Overview / Commentary

www.financialedgeccu.org

989-892-6088

1199 S Euclid Ave
Bay City, MI 48706

FinancialEdge Credit Union is headquartered in Bay City and is the 102^nd largest credit union in the state of Michigan. It is also the 1,636^th largest credit union in the nation. It was established in 1950 and as of December of 2020, it had grown to 33 employees and 8,946 members at 3 locations. FinancialEdge Credit Union has an A health rating.

Field of Membership Restrictions

FinancialEdge Credit Union is open to anyone who lives, works or worships in Bay, Saginaw, Midland, or Arenac County. Immediate family and credit union employees are also eligible to join.
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Health

Data as of Q4 2020

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Health Grade Components

Overall
NCUA #	61619
Year Chartered	1950
Employees	33
Primary Regulator

Profit Margin
Return on Assets - YTD	0.5%
Return on Equity - YTD	4.78%
Annual Interest Income	$3.7MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$113.3MM$95.0MM
Loans	Q4 2020vs Q4 2019	$69.6MM$69.7MM
Deposits	Q4 2020vs Q4 2019	$100.7MM$83.0MM
Equity Capital	Q4 2020vs Q4 2019	$11.7MM$11.1MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$358.00K$270.00K
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$521.00K$379.00K
Real Estate Owned	Q4 2020vs Q4 2019	$0$0

Rates

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Savings
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

FinancialEdge Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$10k	MyLife Savings
OTHER TIERS: 0.02% → $10k+
0.52%	$25	-	Kirby Kids Club Account
0.52%	$25	-	Elements Teen Club Account
0.30%^*	$150k^*	-	High Yield 75 Savings
OTHER TIERS: 0.20% → $75k - $100k \| 0.25% → $100k - $150k
0.30%^*	$250k^*	-	Business High Yield Savings
OTHER TIERS: 0.10% → $2.5k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $100k \| 0.25% → $100k - $250k
0.20%^*	$100k^*	-	IRA Savings Account
OTHER TIERS: 0.10% → $100 - $10k \| 0.12% → $10k - $50k \| 0.17% → $50k - $100k
0.20%^*	$75k^*	-	High Yield 25 Savings
OTHER TIERS: 0.15% → $25k - $50k \| 0.17% → $50k - $75k
0.15%^*	$25k^*	-	High Yield 2.5 Savings
OTHER TIERS: 0.10% → $2.5k - $10k \| 0.12% → $10k - $25k
0.02%	$25	-	Member Savings Account
0.02%	$25	-	Christmas Club Account
0.02%	$25	-	Secondary Savings Account
0.02%	$25	-	Member Business Savings

FinancialEdge Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	-	MyBusiness Gets Interest Checking
0.15%^*	$1.5k^*	-	MyLife Gets Premier Interest
OTHER TIERS: 0.02% → Up to $1.5k
0.05%	-	-	My Life Get Interest Checking

FinancialEdge Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	$1k	-	37 Month CD Special
0.85%	$1k	-	37 Month Youth CD Special
0.80%	$1k	-	60 Month CD
0.80%	$100	-	60 Month Youth CD
0.80%	$100k	-	60 Month Jumbo CD
0.75%	$1k	-	25 Month CD Special
0.75%	$1k	-	25 Month Youth CD Special
0.70%	$1k	-	48 Month CD
0.70%	$100	-	48 Month Youth CD
0.70%	$100k	-	48 Month Jumbo CD
0.65%	$50k	-	13 Month CD Special
0.65%	$50k	-	13 Month Youth CD Special
0.60%	$1k	-	36 Month CD
0.60%	$100	-	36 Month Youth CD
0.60%	$100k	-	36 Month Jumbo CD
0.50%	$1k	-	24 Month CD
0.50%	$100	-	24 Month Youth CD
0.50%	$100k	-	24 Month Jumbo CD
0.40%	$1k	-	12 Month CD
0.40%	$1k	-	18 Month CD
0.40%	$100	-	12 Month Youth CD
0.40%	$100	-	18 Month Youth CD
0.40%	$100k	-	12 Month Jumbo CD
0.40%	$100k	-	18 Month Jumbo CD
0.30%	$1k	-	6 Month CD
0.30%	$100	-	6 Month Youth CD
0.30%	$100k	-	6 Month Jumbo CD

FinancialEdge Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	$1k	-	37 Month IRA Special
0.80%	$1k	-	60 Month IRA
0.80%	$100k	-	60 Month Jumbo IRA
0.75%	$1k	-	25 Month IRA Special
0.70%	$1k	-	48 Month IRA
0.70%	$100k	-	48 Month Jumbo IRA
0.65%	$50k	-	13 Month IRA Special
0.60%	$1k	-	36 Month IRA
0.60%	$100k	-	36 Month Jumbo IRA
0.50%	$1k	-	24 Month IRA
0.50%	$100k	-	24 Month Jumbo IRA
0.40%	$1k	-	12 Month IRA
0.40%	$1k	-	18 Month IRA
0.40%	$100k	-	12 Month Jumbo IRA
0.40%	$100k	-	18 Month Jumbo IRA
0.30%	$1k	-	6 Month IRA
0.30%	$100k	-	6 Month Jumbo IRA

Locations

FinancialEdge Credit Union Locations
Branch Office	1199 S Euclid Ave	Bay City, MI 48706
Branch Office	1465 W Center Rd	Essexville, MI 48732
Branch Office	1304 N Sherman St	Bay City, MI 48708

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