Michigan One Community Credit Union
Overview / Commentary
Michigan One Community Credit Union is headquartered in Ionia and is the 76th largest credit union in the state of Michigan. It is also the 1,266th largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 39 employees and 18,977 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 Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62169 |
| Year Chartered | 1954 |
| Employees | 39 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 12.86% |
| Annual Interest Income | $4.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $196.0MM$181.9MM |
| Loans | Q3 2022vs Q3 2021 | $167.3MM$141.5MM |
| Deposits | Q3 2022vs Q3 2021 | $174.3MM$162.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $17.0MM$15.3MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $634.00K$686.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $416.00K$189.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |