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 175th largest credit union in the state of Michigan. It is also the 3,188th largest credit union in the nation. It was established in 1941 and as of June of 2021, it had grown to 5 employees and 2,692 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
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. Tandem Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #4787
Year Chartered1941
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD-0.08%
Return on Equity - YTD-0.47%
Annual Interest Income$359.00K
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$26.4MM$24.6MM
LoansQ2 2021vs Q2 2020$7.8MM$7.3MM
DepositsQ2 2021vs Q2 2020$22.2MM$20.0MM
Equity CapitalQ2 2021vs Q2 2020$4.3MM$4.5MM
Loan Loss AllowanceQ2 2021vs Q2 2020$78.00K$93.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$12.00K$249.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates

Rates for Tandem Federal Credit Union are currently being reviewed.

Locations


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

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