Safe Harbor Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
3.10%	5-year CD	2.27% - National Average
2.00%	1-year CD	1.38% - National Average
0.05%	Savings	0.26% - National Average

View all Safe Harbor Credit Union rates »

Overview / Commentary

www.safeharborcu.org

231-843-2323

1200 E Tinkham Ave
Ludington, MI 49431-2740

Safe Harbor Credit Union is headquartered in Ludington and is the 133^rd largest credit union in the state of Michigan. It is also the 2,123^rd largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 22 employees and 5,667 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.
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Health

B+

Data as of Q4 2018

Learn why bank health matters

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 Chartered	1952
Employees	22
Primary Regulator

Profit Margin
Return on Assets - YTD	1.59%
Return on Equity - YTD	15.02%
Annual Interest Income	$2.6MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$60.6MM$55.5MM
Loans	Q4 2018vs Q4 2017	$52.7MM$45.2MM
Deposits	Q4 2018vs Q4 2017	$53.1MM$49.7MM
Equity Capital	Q4 2018vs Q4 2017	$6.4MM$5.5MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$143.00K$101.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$359.00K$324.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Savings
Money Market
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	IRA Share
0.10%	-	-	Christmas Club
0.05%	-	-	Regular Shares

Safe Harbor Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.20%^*	$100k^*	-	Tiered Money Market Account
OTHER TIERS: 1.00% → $2k - $20k \| 1.10% → $20k - $100k

Safe Harbor Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.12%^*	$100^*	$200	Youth High Yield CD 13-15
OTHER TIERS: 0.65% → $200+
5.12%^*	$100^*	$200	Youth High Yield CD 12/Un
OTHER TIERS: 0.65% → $200+
5.12%^*	$100^*	$200	Youth 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

APY	MIN	MAX	ACCOUNT NAME
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 Office	1200 E Tinkham Ave	Ludington, MI 49431-2740

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