Overview / Commentary
Tandem Federal Credit Union is headquartered in Warren and is the 175th largest credit union in the state of Michigan. It is also the 3,231st largest credit union in the nation. It was established in 1941 and as of June of 2022, it had grown to 6 employees and 2,540 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
Health
B
Data as of Q2 2022
Learn why bank health mattersAdditional 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 Chartered | 1941 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.14% |
| Return on Equity - YTD | 1.2% |
| Annual Interest Income | $349.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $24.6MM$26.4MM |
| Loans | Q2 2022vs Q2 2021 | $7.7MM$7.8MM |
| Deposits | Q2 2022vs Q2 2021 | $21.6MM$22.2MM |
| Equity Capital | Q2 2022vs Q2 2021 | $3.0MM$4.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $53.00K$78.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $39.00K$12.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |