Frankfort Community Federal Credit Union
Overview / Commentary
Frankfort Community Federal Credit Union is headquartered in Frankfort and is the 204th largest credit union in the state of Michigan. It is also the 3,906th largest credit union in the nation. It was established in 1959 and as of June of 2018, it had grown to 4 employees and 1,979 members at 1 location. Frankfort Community Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Benzie County, Michigan.
See current membership details
Health
B
Data as of Q2 2018
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. Frankfort Community Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13355 |
| Year Chartered | 1959 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 4.83% |
| Annual Interest Income | $220.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $12.2MM$11.9MM |
| Loans | Q2 2018vs Q2 2017 | $8.1MM$6.3MM |
| Deposits | Q2 2018vs Q2 2017 | $10.5MM$10.3MM |
| Equity Capital | Q2 2018vs Q2 2017 | $1.7MM$1.6MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $24.00K$17.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $149.00K$75.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates
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Frankfort Community Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | $10k | $10m | Super Saver | |
| 0.15% | $5 | $10m | Regular Shares |
Locations
| Frankfort Community Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 921 Forest Ave | Frankfort, MI 49635 |