Safe Harbor Credit Union

Overview / Commentary
1200 E Tinkham Ave
Ludington, MI 49431

Safe Harbor Credit Union is headquartered in Ludington and is the 115th largest credit union in the state of Michigan. It is also the 1,850th largest credit union in the nation. It was established in 1952 and as of December of 2020, it had grown to 24 employees and 6,436 members at 1 location. Safe Harbor Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Safe Harbor Credit Union is open to individuals who live, work, or worship anywhere in the state of Michigan. Immediate family members of anyone eligible for membership also qualifies for membership.
See current membership details

Related Posts

Safe Harbor Credit Union (MI) Offers Kasasa Products Statewide - 4/30/2021

Safe Harbor Credit Union (MI) has expanded its FOM and now offers its competitive Kasasa Cash, Kasasa Cash Back, and Kasasa Saver on a statewide basis.


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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. Safe Harbor Credit Union has a relatively low asset base.

Health Grade Components

NCUA #61988
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD14.13%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$90.1MM$68.7MM
LoansQ4 2020vs Q4 2019$68.7MM$59.4MM
DepositsQ4 2020vs Q4 2019$80.9MM$60.5MM
Equity CapitalQ4 2020vs Q4 2019$8.7MM$7.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$270.00K$273.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$832.00K$636.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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Always verify rates and promotions with the bank or credit union. We are not Safe Harbor Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Safe Harbor Credit Union Savings Account Rates

1.25%*-$75kKasasa Saver
OTHER TIERS: 0.04% $75k+
0.30%--IRA Share
0.10%--Christmas Club
0.10%--Health Savings Account
0.05%--Regular Share Account
0.05%--Sub Share Account

Safe Harbor Credit Union Money Market Rates

0.40%*$100k*-Tiered Money Market Account
OTHER TIERS: 0.20% $2k - $20k | 0.30% $20k - $100k

Safe Harbor Credit Union Checking Account Rates

3.00%*-$15kKasasa Cash Checking
OTHER TIERS: 0.40% $15k+

Safe Harbor Credit Union CD Rates

1.20%$25k-60 Month Jumbo CD
1.00%$1k-60 Month CD
0.85%$25k-48 Month Jumbo CD
0.80%$1k-48 Month CD
0.70%$25k-36 Month Jumbo CD
0.60%$1k-36 Month CD
0.55%$25k-24 Month Jumbo CD
0.50%$1k-24 Month CD
0.35%$25k-12 Month Jumbo CD
0.30%$1k-12 Month High Yield CD
0.25%$1k-6 Month High Yield CD

Safe Harbor Credit Union IRA Rates

1.60%*$25k*-3 Year Roth Conv IRA
OTHER TIERS: 1.50% $500 - $25k
1.50%$500-3 Year Education IRA
1.40%*$25k*-2 Year High Yield Roth IRA
OTHER TIERS: 1.30% $500 - $25k
1.30%$500-2 Year Education IRA
1.10%*$25k*-3 Year High Yield IRA
OTHER TIERS: 0.80% $500 - $25k
1.10%$500-1 Year Roth IRA High Yield
0.95%*$25k*-2 Year High Yield IRA
OTHER TIERS: 0.50% $500 - $25k
0.85%*$25k*-1 Year High Yield IRA
OTHER TIERS: 0.30% $500 - $25k

Safe Harbor Credit Union Locations
Branch Office1200 E Tinkham AveLudington, MI 49431-2740

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