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 133rd largest credit union in the state of Michigan. It is also the 2,129th largest credit union in the nation. It was established in 1952 and as of June of 2021, it had grown to 11 employees and 1,530 members at 2 locations. 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

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
B+
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
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD3.31%
Return on Equity - YTD46.07%
Annual Interest Income$681.00K
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$73.4MM$55.8MM
LoansQ2 2021vs Q2 2020$39.3MM$24.3MM
DepositsQ2 2021vs Q2 2020$67.7MM$52.8MM
Equity CapitalQ2 2021vs Q2 2020$5.3MM$2.9MM
Loan Loss AllowanceQ2 2021vs Q2 2020$329.00K$87.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$189.00K$251.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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Live Life Federal Credit Union Savings Account Rates

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


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

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