Overview / Commentary
906-482-5005
700 E Sharon Ave
Houghton, MI 49931

Michigan Tech Employees Federal Credit Union is headquartered in Houghton and is the 115th largest credit union in the state of Michigan. It is also the 1,849th largest credit union in the nation. It was established in 1952 and as of June of 2018, it had grown to 19 employees and 9,048 members at 1 location. Michigan Tech Employees Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or regularly conduct business in Houghton County or in Baraga Township of Baraga County.
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Health
B+
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 Tech Employees Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #8212
Year Chartered1952
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD13.86%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$79.2MM$77.4MM
LoansQ2 2018vs Q2 2017$43.5MM$39.1MM
DepositsQ2 2018vs Q2 2017$72.5MM$70.8MM
Equity CapitalQ2 2018vs Q2 2017$5.9MM$5.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$175.00K$180.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$80.00K$78.00K
Real Estate OwnedQ2 2018vs Q2 2017$24.00K$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Michigan Tech Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$2.5k*-Member Perks Tiered Savings
OTHER TIERS: 0.05% Up to $2.5k
0.15%--IRA Savings
0.15%--HSAs
0.05%--Share Savings

Michigan Tech Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.04%$500-60 Month Share Certificate
1.51%$500-48 Month Share Certificate
1.21%$500-36 Month Share Certificate
0.90%$500-24 Month Share Certificate
0.60%$500-12 Month Share Certificate
0.45%$500-6 Month Share Certificate
0.45%$125-6 Month Youth Share Certificate

Michigan Tech Employees Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.04%$500-60 Month IRA
1.51%$500-48 Month IRA
1.21%$500-36 Month IRA
0.90%$500-24 Month IRA
0.60%$500-12 Month IRA
0.45%$500-6 Month IRA
Locations


Michigan Tech Employees Federal Credit Union Locations
Branch Office700 E Sharon AveHoughton, MI 49931-1618

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