Overview / Commentary
Live Life Federal Credit Union is headquartered in Fraser and is the 127th largest credit union in the state of Michigan. It is also the 2,081st largest credit union in the nation. It was established in 1952 and as of March of 2024, it had grown to 15 employees and 1,057 members at 1 location. Live Life Federal Credit Union's money market rates are 93% higher than the national average, and it has a C+ 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
Health
C+
Data as of Q1 2024
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. Live Life Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7927 |
| Year Chartered | 1952 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.18% |
| Return on Equity - YTD | -17.62% |
| Annual Interest Income | $468K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $77MM$74.5MM |
| Loans | Q1 2024vs Q1 2023 | $43.8MM$43.2MM |
| Deposits | Q1 2024vs Q1 2023 | $71.9MM$68.7MM |
| Equity Capital | Q1 2024vs Q1 2023 | $4.8MM$5.2MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $318K$433K |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $744K$41K |
| Real Estate Owned | Q1 2024vs Q1 2023 | $0$0 |