Live Life Federal Credit Union


Overview / Commentary
586-268-3720
34200 Utica Rd
Fraser, MI 48026

Live Life Federal Credit Union is headquartered in Fraser and is the 140th largest credit union in the state of Michigan. It is also the 2,394th largest credit union in the nation. It was established in 1952 and as of September of 2022, it had grown to 15 employees and 1,277 members at 1 location. Live Life Federal Credit Union 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

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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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD9.35%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$57.4MM$71.7MM
LoansQ3 2022vs Q3 2021$44.3MM$41.6MM
DepositsQ3 2022vs Q3 2021$47.4MM$65.7MM
Equity CapitalQ3 2022vs Q3 2021$5.5MM$5.5MM
Loan Loss AllowanceQ3 2022vs Q3 2021$541.00K$385.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$273.00K$249.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Live Life Federal Credit Union are currently being reviewed.

Locations


Live Life Federal Credit Union Locations
Branch Office34200 Utica RdFraser, MI 48026

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