Overview / Commentary
Safe Harbor Credit Union is headquartered in Ludington and is the 104th largest credit union in the state of Michigan. It is also the 1,637th largest credit union in the nation. It was established in 1952 and as of September of 2022, it had grown to 32 employees and 7,495 members at 1 location. Safe Harbor Credit Union has an A 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
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Health
A
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61988 |
| Year Chartered | 1952 |
| Employees | 32 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 13.61% |
| Annual Interest Income | $3.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $125.8MM$109.8MM |
| Loans | Q3 2022vs Q3 2021 | $101.1MM$76.9MM |
| Deposits | Q3 2022vs Q3 2021 | $114.8MM$99.5MM |
| Equity Capital | Q3 2022vs Q3 2021 | $10.6MM$9.9MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $218.00K$277.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $438.00K$588.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |