Featured Savings Rates
Featured Accounts

Tahquamenon Area Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.10%SavingsShare Savings
0.15%Money MarketMoney Market
0.05%CheckingShare Draft Account

Overview / Commentary
906-293-5117
7693 State Hwy M123
Newberry, MI 49868

Tahquamenon Area Credit Union is headquartered in Newberry and is the 131st largest credit union in the state of Michigan. It is also the 2,083rd largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 29 employees and 6,591 members at 4 locations. Tahquamenon Area Credit Union has a B+ health rating.

Field of Membership Restrictions

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

Health Grade Components

Overall
NCUA #60423
Year Chartered1955
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD-0.23%
Return on Equity - YTD-2.09%
Annual Interest Income$912.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$61.6MM$60.1MM
LoansQ2 2016vs Q2 2015$21.1MM$22.7MM
DepositsQ2 2016vs Q2 2015$54.1MM$52.5MM
Equity CapitalQ2 2016vs Q2 2015$6.7MM$6.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$135.00K$86.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$541.00K$887.00K
Real Estate OwnedQ2 2016vs Q2 2015$108.00K$120.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%$100-Traditional IRA Share
0.95%$100-Coverdell IRA Share
0.95%$100-Roth IRA Share
0.20%--Christmas Club
0.10%$50-Prime Share
0.10%--Share Savings

Tahquamenon Area Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$2,500*-Money Market
OTHER TIERS: 0.05% Up to $2,500

Tahquamenon Area Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Draft Account
Locations


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