Michigan One Community Credit Union
Overview / Commentary
Michigan One Community Credit Union is headquartered in Ionia and is the 75th largest credit union in the state of Michigan. It is also the 1,218th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 39 employees and 18,756 members at 5 locations. Michigan One Community Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Michigan One Community Credit Union is open to anyone who lives, works, worships, or attends school anywhere in Michigan.
See current membership details
Health
A
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62169 |
| Year Chartered | 1954 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 7.88% |
| Annual Interest Income | $3.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $212.1MM$193.8MM |
| Loans | Q2 2023vs Q2 2022 | $168.8MM$163.0MM |
| Deposits | Q2 2023vs Q2 2022 | $191.5MM$173.1MM |
| Equity Capital | Q2 2023vs Q2 2022 | $18.4MM$16.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$652.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $271.00K$200.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |