Overview / Commentary
Monroe Community Credit Union is headquartered in Monroe and is the 54th largest credit union in the state of Michigan. It is also the 937th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 70 employees and 29,788 members at 6 locations. Monroe Community Credit Union has a B+ health rating.
Field of Membership Restrictions
Monroe Community Credit Union is open to anyone who lives, works, worships, or goes to school in Hillsdale, Ingham, Jackson, Lenawee, Livingston, Macomb, Monroe, Oakland, Washtenaw, or Wayne counties.
See current membership details
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Reviews (1)
Okay experience
Posted by: RachelSmith14 | Oct 20, 2014
Not super friendly staff, but the site is easy to use. This credit union does what it's supposed to.
Health
B+
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61748 |
| Year Chartered | 1954 |
| Employees | 70 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.16% |
| Return on Equity - YTD | 16.2% |
| Annual Interest Income | $5.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $337.3MM$329.7MM |
| Loans | Q2 2023vs Q2 2022 | $205.3MM$160.0MM |
| Deposits | Q2 2023vs Q2 2022 | $310.9MM$303.8MM |
| Equity Capital | Q2 2023vs Q2 2022 | $24.2MM$21.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.3MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $689.00K$233.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |