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Overview / Commentary
616-454-8012
PO Box 152125
Grand Rapids, MI 49515

Latvian Heritage Federal Credit Union is headquartered in Grand Rapids and is the 223rd largest credit union in the state of Michigan. It is also the 4,761st largest credit union in the nation. It was established in 1963 and as of December of 2017, it had grown to 575 members at 3 locations. Latvian Heritage Federal Credit Union 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.
See current membership details

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Health
C-
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

Overall
NCUA #15779
Year Chartered1963
Employees0
Primary Regulator
Profit Margin
Return on Assets - YTD2.36%
Return on Equity - YTD23.67%
Annual Interest Income$185.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$4.7MM$4.9MM
LoansQ4 2017vs Q4 2016$3.3MM$3.2MM
DepositsQ4 2017vs Q4 2016$4.1MM$4.6MM
Equity CapitalQ4 2017vs Q4 2016$469.00K$358.00K
Loan Loss AllowanceQ4 2017vs Q4 2016$60.00K$146.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$209.00K$203.00K
Real Estate OwnedQ4 2017vs Q4 2016$11.00K$11.00K
Rates

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Locations


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

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