Overview / Commentary
Jolt Credit Union is headquartered in Saginaw and is the 44th largest credit union in the state of Michigan. It is also the 763rd largest credit union in the nation. It was established in 1956 and as of December of 2019, it had grown to 82 employees and 26,182 members at 6 locations. Jolt Credit Union has an A+ health rating.
Field of Membership Restrictions
Jolt Credit Union is open to those who live, work, attend school or worship in Saginaw, Bay, Midland, Gladwin, Gratiot, Isabella, Arenac, Clare, Huron, Tuscola, Sanilac, Osceola, Mecosta, Wexford, Montcalm, Iosco, Roscommon, Ogemaw, or Missaukee counties in Michigan. Relatives of current credit union members are also eligible.
See current membership details
Health
A+
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68703 |
| Year Chartered | 1956 |
| Employees | 82 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.16% |
| Return on Equity - YTD | 1.29% |
| Annual Interest Income | $13.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019 | $342.6MM |
| Loans | Q4 2019 | $248.9MM |
| Deposits | Q4 2019 | $298.4MM |
| Equity Capital | Q4 2019 | $41.8MM |
| Loan Loss Allowance | Q4 2019 | $1.3MM |
| Unbacked Noncurrent Loans | Q4 2019 | $1.6MM |
| Real Estate Owned | Q4 2019 | $215.00K |