Overview / Commentary
Safe Harbor Credit Union is headquartered in Ludington and is the 110th largest credit union in the state of Michigan. It is also the 1,665th largest credit union in the nation. It was established in 1952 and as of June of 2022, it had grown to 30 employees and 7,198 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
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Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61988 |
| Year Chartered | 1952 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 11.71% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $122.4MM$102.7MM |
| Loans | Q2 2022vs Q2 2021 | $94.4MM$73.9MM |
| Deposits | Q2 2022vs Q2 2021 | $112.0MM$92.8MM |
| Equity Capital | Q2 2022vs Q2 2021 | $10.3MM$9.5MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $210.00K$247.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $922.00K$471.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$142.00K |