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 944th largest credit union in the nation. It was established in 1954 and as of September of 2022, it had grown to 65 employees and 28,763 members at 7 locations. Monroe Community Credit Union has an A 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
A
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61748 |
| Year Chartered | 1954 |
| Employees | 65 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 11.94% |
| Annual Interest Income | $6.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $327.7MM$308.2MM |
| Loans | Q3 2022vs Q3 2021 | $172.0MM$147.3MM |
| Deposits | Q3 2022vs Q3 2021 | $304.2MM$278.6MM |
| Equity Capital | Q3 2022vs Q3 2021 | $19.3MM$25.2MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $1.4MM$1.3MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $236.00K$193.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |