Overview / Commentary
231-843-2323
1200 E Tinkham Ave
Ludington, MI 49431-2740

Safe Harbor Credit Union is headquartered in Ludington and is the 131st largest credit union in the state of Michigan. It is also the 2,122nd largest credit union in the nation. It was established in 1952 and as of September of 2018, it had grown to 19 employees and 5,612 members at 1 location. Safe Harbor Credit Union's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone over the age of 55 who received retirement payments and live in Mason County. Membership is also open to employees and members of employer groups located within a 25-mile radius of the credit union's main office.
See current membership details

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

Health Grade Components

Overall
NCUA #61988
Year Chartered1952
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD1.42%
Return on Equity - YTD14.12%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$61.0MM$55.9MM
LoansQ3 2018vs Q3 2017$51.3MM$42.5MM
DepositsQ3 2018vs Q3 2017$53.9MM$49.7MM
Equity CapitalQ3 2018vs Q3 2017$6.1MM$5.3MM
Loan Loss AllowanceQ3 2018vs Q3 2017$184.00K$75.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$579.00K$189.00K
Real Estate OwnedQ3 2018vs Q3 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.

Safe Harbor Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA Share
0.10%--Christmas Club
0.05%--Regular Shares

Safe Harbor Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$100k*-Tiered Money Market Account
OTHER TIERS: 1.00% $2k - $20k | 1.10% $20k - $100k

Safe Harbor Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.12%*$100*$200Youth High Yield CD 13-15
OTHER TIERS: 0.65% $200+
5.12%*$100*$200Youth High Yield CD 12/Un
OTHER TIERS: 0.65% $200+
5.12%*$100*$200Youth High Yield CD 16-18
OTHER TIERS: 0.65% $200+
3.10%*$25k*-60 Month High Yield CD
OTHER TIERS: 3.00% $1k - $25k
2.85%*$25k*-48 Month High Yield CD
OTHER TIERS: 2.75% $1k - $25k
2.60%*$25k*-36 Month High Yield CD
OTHER TIERS: 2.50% $1k - $25k
2.40%*$25k*-24 Month High Yield CD
OTHER TIERS: 2.30% $1k - $25k
2.00%*$25k*-12 Month High Yield CD
OTHER TIERS: 1.90% $1k - $25k
1.60%$1k-6 Month High Yield CD

Safe Harbor Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.33%*$25k*-3 Year High Yield IRA
OTHER TIERS: 2.22% $500 - $25k
2.22%*$25k*-2 Year High Yield Roth IRA
OTHER TIERS: 1.92% $500 - $25k
2.02%*$25k*-2 Year High Yield IRA
OTHER TIERS: 1.92% $500 - $25k
1.85%*$25k*-3 Year Roth Conv IRA
OTHER TIERS: 1.51% $500 - $25k
1.71%*$25k*-1 Year High Yield IRA
OTHER TIERS: 1.61% $500 - $25k
1.61%$500-1 Year Roth IRA High Yield
1.51%$500-3 Year Education IRA
1.41%$500-2 Year Education IRA
Locations


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

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