Featured Savings Rates
Featured Accounts

Settlers Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.91%1-year CD12 Month Share Certificate
0.50%SavingsShare Accounts
1.16%3-year CD36 Month Share Certificates

Overview / Commentary
906-827-3240
14623 State Highway M28 E
Bruce Crossing, MI 49912-9296

Settlers Federal Credit Union is headquartered in Bruce Crossing and is the 184th largest credit union in the state of Michigan. It is also the 3,222nd largest credit union in the nation. It was established in 1932 and as of September of 2016, it had grown to 9 employees and 3,473 members at 2 locations. Settlers Federal Credit Union's money market rates are 27% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school, or worship in Gogebic or Ontonagon Counties.
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. Settlers Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #24793
Year Chartered1932
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD2.54%
Annual Interest Income$975.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$23.9MM$20.9MM
LoansQ3 2016vs Q3 2015$15.9MM$14.0MM
DepositsQ3 2016vs Q3 2015$21.6MM$18.6MM
Equity CapitalQ3 2016vs Q3 2015$2.3MM$2.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$183.00K$95.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$164.00K$119.00K
Real Estate OwnedQ3 2016vs Q3 2015$20.00K$26.00K
Rates
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Settlers Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%--Traditional IRA Savings
1.01%--Roth IRA Savings
0.50%--Share Accounts
0.50%--Christmas Clubs

Settlers Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.56%--Money Market Shares

Settlers Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Share Draft Accounts

Settlers Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.16%--36 Month Share Certificates
1.11%--24 Month Share Certificates
1.01%--18 Month Share Certificates
0.91%--12 Month Share Certificate
0.66%--6 Month Share Certificate
Locations


Settlers Federal Credit Union Locations
Branch Office5384 US Highway 45 NWatersmeet, MI 49969
Branch Office14623 State Highway M28 EBruce Crossing, MI 49912-9296