Overview / Commentary
616-787-7481
7177 Headley St Se
Ada, MI 49301

River Valley Credit Union (MI) is headquartered in Ada and is the 107th largest credit union in the state of Michigan. It is also the 1,638th largest credit union in the nation. It was established in 1965 and as of June of 2018, it had grown to 20 employees and 10,914 members at 4 locations. River Valley Credit Union (MI)'s CD rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Individuals who reside, are employed, attend school, or who worship in Kent, Montcalm, or Ionia County, Michigan. Any person over the age of 55 who receives a retirements annuity, pension, social security, or similar retirement payment from private or government sources and lives in, or belongs to a retirement organization located in Kent, Montcalm, or Ionia 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. River Valley Credit Union (MI) has a relatively low asset base.

Health Grade Components

Overall
NCUA #62123
Year Chartered1965
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.15%
Return on Equity - YTD1.98%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$97.8MM$94.4MM
LoansQ2 2018vs Q2 2017$46.2MM$45.5MM
DepositsQ2 2018vs Q2 2017$89.6MM$87.2MM
Equity CapitalQ2 2018vs Q2 2017$7.3MM$6.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$540.00K$838.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$294.00K$1.1MM
Real Estate OwnedQ2 2018vs Q2 2017$0$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.

River Valley Credit Union (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%$100-HSA Checking
0.50%$100-IRA Savings
0.05%$100-Savings
0.05%$100-Christmas Club

River Valley Credit Union (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market
OTHER TIERS: 0.10% $2.5k - $25k

River Valley Credit Union (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$1k-60 Month CD
2.84%$1k-48 Month CD
2.63%$1k-36 Month CD
2.32%$500-24 Month CD
2.02%$250$10k12 Month Youth Certificate
1.92%$500-12 Month CD
1.61%$500-6 Month CD

River Valley Credit Union (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$1k-60 Month IRA
2.84%$1k-48 Month IRA
2.63%$1k-36 Month IRA
2.32%$500-24 Month IRA
2.02%$250$10k12 Month Youth IRA
1.92%$500-12 Month IRA
1.61%$500-6 Month IRA
Locations


River Valley Credit Union (MI) Locations
Branch Office2500 W Main StLowell, MI 49331
Branch Office7177 Headley St SEAda, MI 49301-9900
Branch Office1369 Industrial Park DrEdmore, MI 48829
Branch Office2345 Walker Ave NWGrand Rapids, MI 49544

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