Overview / Commentary
Tandem Federal Credit Union is headquartered in Warren and is the 163rd largest credit union in the state of Michigan. It is also the 3,096th largest credit union in the nation. It was established in 1941 and as of December of 2024, it had grown to 6 employees and 2,131 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 Q4 2024
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 | -0.98% |
| Return on Equity - YTD | -7.36% |
| Annual Interest Income | $739K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $23.7MM$23.2MM |
| Loans | Q4 2024vs Q4 2023 | $7.8MM$8MM |
| Deposits | Q4 2024vs Q4 2023 | $20.5MM$20.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $3.1MM$2.7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $52K$79K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $206K$117K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |