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Overview / Commentary
PO Box 152125
Grand Rapids, MI 49515

Latvian Heritage Federal Credit Union is headquartered in Grand Rapids and is the 230th largest credit union in the state of Michigan. It is also the 4,862nd largest credit union in the nation. It was established in 1963 and as of March of 2017, it had grown to 589 members at 3 locations. Latvian Heritage Federal Credit Union's savings rates are 2X the national average, but it has a C health rating.

Field of Membership Restrictions

Membership in Latvian Heritage Federal Credit Union is open to persons of Latvian heritage who are members of a Latvian religious or social organization.
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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. Latvian Heritage Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #15779
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD14.02%
Annual Interest Income$46.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$4.8MM$5.0MM
LoansQ1 2017vs Q1 2016$3.2MM$3.4MM
DepositsQ1 2017vs Q1 2016$4.5MM$4.7MM
Equity CapitalQ1 2017vs Q1 2016$371.00K$271.00K
Loan Loss AllowanceQ1 2017vs Q1 2016$149.00K$220.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$138.00K$411.00K
Real Estate OwnedQ1 2017vs Q1 2016$11.00K$58.00K
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Latvian Heritage Federal Credit Union Savings Account Rates

1.05%$100-Savings Account

Latvian Heritage Federal Credit Union Locations
Branch OfficePO Box 152125Grand Rapids, MI 49515-2125
Branch Office30623 W 12 Mile RdFarmington Hills, MI 48334
Branch Office100 Cherry Hill StKalamazoo, MI 49006-4221