FME Federal Credit Union

Overview / Commentary
29624 Harper Ave
Saint Clair Shores, MI 48082-1643

FME Federal Credit Union is headquartered in Saint Clair Shores and is the 125th largest credit union in the state of Michigan. It is also the 2,035th largest credit union in the nation. It was established in 1936 and as of June of 2019, it had grown to 16 employees and 7,174 members at 13 locations. FME Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees of Federal-Mogul Corporation, Hayes Lemmerz International, NTN Bower, and their current and former subsidiaries, Harper Woods Municipal, TI Automotive, Key Safety Systems, INC, Key Plastics, LLC, Harper Avenue Business Association and other eligible employer groups.
See current membership details

Reviews (2)

Go Elsewhere!

Posted by: lharper | Jan 22, 2013

Be sure to keep all paperwork, loan papers, emails, etc. when dealing with this credit union.  Very unprofessional.  No customer service at all.  Rude and uncaring.

Save All Information

Posted by: maryhann | Dec 20, 2012

Save all emails, mailings, contracts letters, etc. with this credit union.  Cover your butt when dealing with them.  Very unprofessional.

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. FME Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #1622
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD0.71%
Annual Interest Income$919.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$66.3MM$74.0MM
LoansQ2 2019vs Q2 2018$26.0MM$27.5MM
DepositsQ2 2019vs Q2 2018$56.1MM$64.0MM
Equity CapitalQ2 2019vs Q2 2018$9.6MM$9.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$117.00K$167.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$166.00K$52.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0

Sorry, we do not have rate data for FME Federal Credit Union.



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