Live Life Federal Credit Union


Overview / Commentary
586-268-3720
34206 Van Dyke Ave
Sterling Heights, MI 48312

Live Life Federal Credit Union is headquartered in Sterling Heights and is the 139th largest credit union in the state of Michigan. It is also the 2,310th largest credit union in the nation. It was established in 1952 and as of June of 2020, it had grown to 9 employees and 1,609 members at 2 locations. Live Life Federal Credit Union's money market rates are 93% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Live Life Federal Credit Union is a Common Bond membership. Eligibility requirements can be obtained by contacting the credit union.
See current membership details

Reviews (1)

No Luck Joining Live Life CU

I wasn't familiar with the term "Common Bond" so I stopped in to inquire about joining. The teller informed me that "Pretty much the only way to join is by referral from another member. Oh, and by the way, we no longer offer Certificates of Deposit."



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. Live Life Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #7927
Year Chartered1952
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD5.01%
Return on Equity - YTD81.87%
Annual Interest Income$493.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$55.8MM$24.8MM
LoansQ2 2020vs Q2 2019$24.3MM$10.3MM
DepositsQ2 2020vs Q2 2019$52.8MM$22.8MM
Equity CapitalQ2 2020vs Q2 2019$2.9MM$1.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$87.00K$81.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$251.00K$71.00K
Real Estate OwnedQ2 2020vs Q2 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.

Live Life Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$100-Regular Share Savings
0.15%$250-Whatever Savings

Live Life Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$75k*-High Yield Money Maker
OTHER TIERS: 0.65% $2.5k - $10k | 0.70% $10k - $25k | 0.75% $25k - $50k | 0.80% $50k - $75k
Locations


Live Life Federal Credit Union Locations
Branch Office34206 Van Dyke AveSterling Heights, MI 48312
Corporate Office22544 Gratiot AveEastpointe, MI 48021

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