Overview / Commentary
734-425-5080
30419 6 Mile Rd
Livonia, MI 48152-3460

Michigan Columbus Federal Credit Union is headquartered in Livonia and is the 145th largest credit union in the state of Michigan. It is also the 2,370th largest credit union in the nation. It was established in 1947 and as of December of 2018, it had grown to 6 employees and 4,390 members at 1 location. Michigan Columbus Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in the City of Livonia, Michigan.
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Health
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. Michigan Columbus Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #5554
Year Chartered1947
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.54%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$47.7MM$45.4MM
LoansQ4 2018vs Q4 2017$24.6MM$22.7MM
DepositsQ4 2018vs Q4 2017$42.1MM$40.1MM
Equity CapitalQ4 2018vs Q4 2017$5.3MM$5.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$134.00K$109.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$731.00K$382.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Michigan Columbus Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Accounts
0.15%$10k-Maxi Yield Accounts
0.10%$2k-High Yield Accounts
0.05%$5-Regular Shares Account

Michigan Columbus Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$2k-14 Month Promotional CD
1.50%$500-60 Month CD
1.00%$500-36 Month CD
1.00%$500-48 Month CD
0.60%$500-24 Month CD
0.30%$500-6 Month CD
0.30%$500-12 Month CD
Locations


Michigan Columbus Federal Credit Union Locations
Branch Office30419 6 Mile RdLivonia, MI 48152-3460

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