Kent County Credit Union


Overview / Commentary
616-336-3490
1619 Plainfield AVE NE
Grand Rapids, MI 49505

Kent County Credit Union is headquartered in Grand Rapids and is the 139th largest credit union in the state of Michigan. It is also the 2,305th largest credit union in the nation. It was established in 1956 and as of September of 2020, it had grown to 20 employees and 5,278 members at 2 locations. Kent County Credit Union has an A health rating.

Field of Membership Restrictions

Kent County Credit Union is open to anyone who lives, works, worships, or goes to post-high school institutions in Kent County. Immediate family of existing credit union members are also eligible to join.
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Health
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. Kent County Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #62249
Year Chartered1956
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD7.65%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$56.8MM$48.3MM
LoansQ3 2020vs Q3 2019$31.8MM$26.8MM
DepositsQ3 2020vs Q3 2019$50.4MM$42.5MM
Equity CapitalQ3 2020vs Q3 2019$5.9MM$5.5MM
Loan Loss AllowanceQ3 2020vs Q3 2019$193.00K$201.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$114.00K$160.00K
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Kent County Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Individual Retirement Account
0.15%*$25k*-High Yield Savings
OTHER TIERS: 0.10% $1k - $25k
0.05%$100-Regular Savings
0.05%$100-Christmas Club
0.05%$100-Vacation Club

Kent County Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month Term Share Certificate
0.75%$500-48 Month Term Share Certificate
0.75%$100-36 Month Youth Share Certificate
0.65%$500-36 Month Term Share Certificate
0.45%$100-24 Month Youth Share Certificate
0.40%$500-24 Month Term Share Certificate
0.35%$100-12 Month Youth Share Certificate
0.25%$500-12 Month Term Share Certificate
0.15%$500-6 Month Term Share Certificate
0.10%$500-3 Month Term Share Certificate

Kent County Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$500-60 Month IRA Term Share Certificate
0.75%$500-48 Month IRA Term Share Certificate
0.65%$500-36 Month IRA Term Share Certificate
0.40%$500-24 Month IRA Term Share Certificate
0.25%$500-12 Month IRA Term Share Certificate
0.15%$500-6 Month IRA Term Share Certificate
0.10%$500-3 Month IRA Term Share Certificate
Locations


Kent County Credit Union Locations
Branch Office1619 Plainfield AVE NEGrand Rapids, MI 49505-4703
Branch Office14111 White Creek Ave NECedar Springs, MI 49319-8169

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