Overview / Commentary
Live Life Federal Credit Union is headquartered in Fraser and is the 138th largest credit union in the state of Michigan. It is also the 2,248th largest credit union in the nation. It was established in 1952 and as of December of 2021, it had grown to 10 employees and 1,436 members at 2 locations. Live Life Federal Credit Union 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 Q4 2021
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 | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.51% |
| Return on Equity - YTD | 20.14% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $65.7MM$69.2MM |
| Loans | Q4 2021vs Q4 2020 | $44.2MM$32.6MM |
| Deposits | Q4 2021vs Q4 2020 | $60.5MM$63.9MM |
| Equity Capital | Q4 2021vs Q4 2020 | $5.1MM$4.1MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $433.00K$214.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $543.00K$427.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |