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 2,101st largest credit union in the nation. It was established in 1952 and as of March of 2021, it had grown to 9 employees and 1,580 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
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 Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 7927 |
| Year Chartered | 1952 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 4.07% |
| Return on Equity - YTD | 60.57% |
| Annual Interest Income | $335.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $75.2MM$39.7MM |
| Loans | Q1 2021vs Q1 2020 | $36.3MM$18.8MM |
| Deposits | Q1 2021vs Q1 2020 | $70.2MM$37.5MM |
| Equity Capital | Q1 2021vs Q1 2020 | $4.8MM$2.2MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $296.00K$89.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $428.00K$139.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |