Tandem Federal Credit Union


Overview / Commentary
586-759-5050
21043 Mound Rd
Warren, MI 48091-2998

Tandem Federal Credit Union is headquartered in Warren and is the 165th largest credit union in the state of Michigan. It is also the 3,134th largest credit union in the nation. It was established in 1941 and as of June of 2024, it had grown to 6 employees and 2,167 members at 1 location. Tandem Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees of Warren Truck & Stamping Plant, Amplex Plant, Local 140, Lynch Road Forge Plant, General Dynamics.
See current membership details

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Health
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. Tandem Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #4787
Year Chartered1941
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD-1.05%
Return on Equity - YTD-8.83%
Annual Interest Income$363K
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$23.4MM$23.7MM
LoansQ2 2024vs Q2 2023$8.1MM$8.1MM
DepositsQ2 2024vs Q2 2023$20.4MM$21.1MM
Equity CapitalQ2 2024vs Q2 2023$2.8MM$2.4MM
Loan Loss AllowanceQ2 2024vs Q2 2023$84K$62K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$165K$45K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates

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Locations


Tandem Federal Credit Union Locations
Branch Office21043 Mound RdWarren, MI 48091-2903

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