Overview / Commentary
Flagship Community Federal Credit Union is headquartered in Port Huron and is the 173rd largest credit union in the state of Michigan. It is also the 3,105th largest credit union in the nation. It was established in 1959 and as of December of 2019, it had grown to 6 employees and 3,350 members at 2 locations. Flagship Community Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Flagship Community Federal Credit Union is open to everyone in St. Clair County, Michigan.
See current membership details
Health
C+
Data as of Q4 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. Flagship Community Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13391 |
| Year Chartered | 1959 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 9.54% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $24.6MM$24.5MM |
| Loans | Q4 2019vs Q4 2018 | $20.2MM$21.2MM |
| Deposits | Q4 2019vs Q4 2018 | $22.2MM$22.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.9MM$1.8MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $45.00K$52.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $175.00K$246.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |