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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 118th largest credit union in the state of Michigan. It is also the 1,846th largest credit union in the nation. It was established in 1952 and as of March of 2018, it had grown to 20 employees and 8,968 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
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD15.33%
Annual Interest Income$629.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$79.2MM$77.5MM
LoansQ1 2018vs Q1 2017$41.8MM$37.7MM
DepositsQ1 2018vs Q1 2017$72.0MM$71.3MM
Equity CapitalQ1 2018vs Q1 2017$5.8MM$5.6MM
Loan Loss AllowanceQ1 2018vs Q1 2017$177.00K$188.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$23.00K$163.00K
Real Estate OwnedQ1 2018vs Q1 2017$24.00K$40.00K
Rates

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Locations


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

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