Overview / Commentary
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
Health
B
Data as of Q3 2022
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 | 0.86% |
| Return on Equity - YTD | 9.35% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $57.4MM$71.7MM |
| Loans | Q3 2022vs Q3 2021 | $44.3MM$41.6MM |
| Deposits | Q3 2022vs Q3 2021 | $47.4MM$65.7MM |
| Equity Capital | Q3 2022vs Q3 2021 | $5.5MM$5.5MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $541.00K$385.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $273.00K$249.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |