Overview / Commentary
Limestone Federal Credit Union is headquartered in MANISTIQUE and is the 143rd largest credit union in the state of Michigan. It is also the 2,394th largest credit union in the nation. It was established in 1954 and as of June of 2020, it had grown to 17 employees and 4,236 members at 1 location. Limestone Federal Credit Union has an A health rating.
Field of Membership Restrictions
Limestone Federal Credit Union is open to anyone who lives, works, worships or attends school in Alger, Delta, Luce, Mackinac, or Schoolcraft counties in Michigan.
See current membership details
Health
A
Data as of Q2 2020
Learn why bank health mattersAdditional 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. Limestone Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10083 |
| Year Chartered | 1954 |
| Employees | 17 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 2.66% |
| Annual Interest Income | $999.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $51.0MM$44.1MM |
| Loans | Q2 2020vs Q2 2019 | $37.1MM$35.7MM |
| Deposits | Q2 2020vs Q2 2019 | $44.7MM$37.9MM |
| Equity Capital | Q2 2020vs Q2 2019 | $6.2MM$6.1MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $151.00K$134.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $252.00K$314.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$18.00K |