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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 1,849th largest credit union in the nation. It was established in 1952 and as of December of 2017, it had grown to 22 employees and 8,918 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
Employees22
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD10.34%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$77.0MM$71.9MM
LoansQ4 2017vs Q4 2016$41.9MM$38.2MM
DepositsQ4 2017vs Q4 2016$70.2MM$65.9MM
Equity CapitalQ4 2017vs Q4 2016$5.8MM$5.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$174.00K$203.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$18.00K$167.00K
Real Estate OwnedQ4 2017vs Q4 2016$24.00K$45.00K
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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