Live Life Federal Credit Union

Overview / Commentary
34206 Van Dyke Ave
Sterling Heights, MI 48312

Live Life Federal Credit Union is headquartered in Fraser and is the 132nd largest credit union in the state of Michigan. It is also the 2,130th largest credit union in the nation. It was established in 1952 and as of December of 2020, it had grown to 9 employees and 1,624 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."

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

NCUA #7927
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD4.18%
Return on Equity - YTD69.36%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$69.2MM$28.5MM
LoansQ4 2020vs Q4 2019$32.6MM$15.5MM
DepositsQ4 2020vs Q4 2019$63.9MM$26.8MM
Equity CapitalQ4 2020vs Q4 2019$4.1MM$1.6MM
Loan Loss AllowanceQ4 2020vs Q4 2019$214.00K$70.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$427.00K$119.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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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

0.15%$100-Regular Share Savings
0.15%$250-Whatever Savings

Live Life Federal Credit Union Money Market Rates

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

Live Life Federal Credit Union Locations
Branch Office34200 Utica RdFraser, MI 48026
Corporate Office22544 Gratiot AveEastpointe, MI 48021

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