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
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."
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7927 |
| Year Chartered | 1952 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 4.18% |
| Return on Equity - YTD | 69.36% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $69.2MM$28.5MM |
| Loans | Q4 2020vs Q4 2019 | $32.6MM$15.5MM |
| Deposits | Q4 2020vs Q4 2019 | $63.9MM$26.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $4.1MM$1.6MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $214.00K$70.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $427.00K$119.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |