Iron Mountain Kingsford Community Federal Credit Union
Overview / Commentary
Iron Mountain Kingsford Community Federal Credit Union is headquartered in Kingsford and is the 109th largest credit union in the state of Michigan. It is also the 1,661st largest credit union in the nation. It was established in 1948 and as of March of 2017, it had grown to 31 employees and 11,843 members at 3 locations. Iron Mountain Kingsford Community Federal Credit Union has an A health rating.
Field of Membership Restrictions
Must live, work, worship or attend school in Dickinson County, Michigan. Also open to residents of the state of Wisconsin within a 5-mile radius of the Iron Mountain, Michigan Post Office.
See current membership details
Health
A
Data as of Q1 2017
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. Iron Mountain Kingsford Community Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5660 |
| Year Chartered | 1948 |
| Employees | 31 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.01% |
| Return on Equity - YTD | -0.06% |
| Annual Interest Income | $536.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $94.3MM$89.5MM |
| Loans | Q1 2017vs Q1 2016 | $36.6MM$36.9MM |
| Deposits | Q1 2017vs Q1 2016 | $81.1MM$76.3MM |
| Equity Capital | Q1 2017vs Q1 2016 | $12.4MM$12.4MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $118.00K$139.00K |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $125.00K$417.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $55.00K$0 |
Rates
Rates for Iron Mountain Kingsford Community Federal Credit Union are currently being reviewed.
Locations
| Iron Mountain Kingsford Community Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 431 Hamilton Ave | Kingsford, MI 49802 |
| Branch Office | 400 S Carpenter Ave | Kingsford, MI 49802-4527 |
| Branch Office | 1130 S Stephenson Ave | Iron Mountain, MI 49801 |