Overview / Commentary
Tandem Federal Credit Union is headquartered in Warren and is the 170th largest credit union in the state of Michigan. It is also the 3,187th largest credit union in the nation. It was established in 1941 and as of June of 2023, it had grown to 6 employees and 2,377 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 2023
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 | -0.01% |
| Return on Equity - YTD | -0.06% |
| Annual Interest Income | $370.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $23.7MM$24.6MM |
| Loans | Q2 2023vs Q2 2022 | $8.1MM$7.7MM |
| Deposits | Q2 2023vs Q2 2022 | $21.1MM$21.6MM |
| Equity Capital | Q2 2023vs Q2 2022 | $2.4MM$3.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$53.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $45.00K$39.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |