Michigan One Community Credit Union
Overview / Commentary
Michigan One Community Credit Union is headquartered in Ionia and is the 78th largest credit union in the state of Michigan. It is also the 1,275th largest credit union in the nation. It was established in 1954 and as of June of 2022, it had grown to 38 employees and 18,837 members at 5 locations. Michigan One Community Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school, or worship in Barry, Clinton, Eaton, Gratiot, Ionia, Kent, or Montcalm Counties in Michigan. Membership is also open to those 55 or older who live in Barry, Clinton, Eaton, Gratiot, Ionia, or Kent Counties who receive retirement income from a private or government source.
See current membership details
Health
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62169 |
| Year Chartered | 1954 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 12.72% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $193.8MM$177.0MM |
| Loans | Q2 2022vs Q2 2021 | $163.0MM$137.7MM |
| Deposits | Q2 2022vs Q2 2021 | $173.1MM$159.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $16.6MM$14.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $652.00K$719.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $200.00K$159.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |