Overview / Commentary
7693 State Hwy M123
Newberry, MI 49868

Tahquamenon Area Credit Union is headquartered in Newberry and is the 134th largest credit union in the state of Michigan. It is also the 2,137th largest credit union in the nation. It was established in 1955 and as of June of 2018, it had grown to 25 employees and 6,035 members at 4 locations. Tahquamenon Area Credit Union has a B health rating.

Field of Membership Restrictions

Membership to Tahquamenon Area Credit Union is open to those who own property or employed in Luce County, Mackinac County, Chippewa County, Senay Township in Schoolcraft County, Burt Township in Alger County.
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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. Tahquamenon Area Credit Union has a relatively low asset base.

Health Grade Components

NCUA #60423
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD6.4%
Annual Interest Income$936.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$60.6MM$64.0MM
LoansQ2 2018vs Q2 2017$21.2MM$22.2MM
DepositsQ2 2018vs Q2 2017$53.8MM$56.4MM
Equity CapitalQ2 2018vs Q2 2017$6.0MM$6.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$98.00K$106.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$290.00K$4.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Tahquamenon Area Credit Union Savings Account Rates

0.45%$100-Traditional IRA Share
0.45%$100-Coverdell IRA Share
0.45%$100-Roth IRA Share
0.05%$50-Prime Share
0.05%--Share Savings
0.05%--Christmas Club

Tahquamenon Area Credit Union Money Market Rates

0.10%*$2.5k*-Money Market
OTHER TIERS: 0.05% Up to $2.5k

Tahquamenon Area Credit Union Checking Account Rates

0.05%--Share Draft Account

Tahquamenon Area Credit Union Locations
Branch OfficeN 6747 M117Engadine, MI 49827
Branch Office115 E Harold StPickford, MI 49774-5004
Branch Office18829 S Mackinac TrlRudyard, MI 49780-9278
Branch Office7693 State Hwy M123Newberry, MI 49868

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