Overview / Commentary
Jolt Credit Union is headquartered in Saginaw and is the 45th largest credit union in the state of Michigan. It is also the 761st largest credit union in the nation. It was established in 1956 and as of March of 2020, it had grown to 82 employees and 26,281 members at 5 locations. Jolt Credit Union has an A+ health rating.
Field of Membership Restrictions
Jolt Credit Union is open to those who live, work, worship, or attend school in the Michigan counties of Arenac, Bay, Clare, Gladwin, Gratiot, Huron, Iosco, Isabella, Mecosta, Midland, Missaukee, Montcalm, Ogemaw, Osceola, Roscommon, Saginaw, Sanilac, Tuscola, or Wexford. Relatives of current credit union members are also eligible.
See current membership details
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Health
A+
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68703 |
| Year Chartered | 1956 |
| Employees | 82 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.27% |
| Return on Equity - YTD | 2.21% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020 | $351.4MM |
| Loans | Q1 2020 | $246.4MM |
| Deposits | Q1 2020 | $307.5MM |
| Equity Capital | Q1 2020 | $41.9MM |
| Loan Loss Allowance | Q1 2020 | $1.3MM |
| Unbacked Noncurrent Loans | Q1 2020 | $1.0MM |
| Real Estate Owned | Q1 2020 | $215.00K |