Overview / Commentary
Lincoln Park Community Credit Union is headquartered in Lincoln Park and is the 137th largest credit union in the state of Michigan. It is also the 2,253rd largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 9 employees and 3,637 members at 1 location. Lincoln Park Community Credit Union has a B+ health rating.
Field of Membership Restrictions
Lincoln Park Community Credit Union is open to employees of the city of Allen Park, Allen Park Post Office, Allen Park schools, the city of Melvindale, or elected officials and employees of District Court #24. Eligibility extends to those who live or work in the city of Lincoln Park.
See current membership details
Health
B+
Data as of Q4 2019
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. Lincoln Park Community Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61701 |
| Year Chartered | 1936 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 1.06% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $54.2MM$52.7MM |
| Loans | Q4 2019vs Q4 2018 | $10.9MM$12.6MM |
| Deposits | Q4 2019vs Q4 2018 | $44.8MM$44.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $9.2MM$8.1MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $120.00K$106.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $11.00K$14.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |