TBA Credit Union is headquartered in Traverse City and is the 53rd largest credit union in the state of Michigan. It is also the 913th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 65 employees and 18,822 members at 2 locations. TBA Credit Union has an A health rating.
Field of Membership Restrictions
Membership in TBA Credit Union is open to: (1) those who live, work, attend school or worship in Michigan; (2) Alumni of Northwestern Michigan College of Traverse City; (3) individuals who receive retirement, pension social security or other forms of annuities, and who live or belong to a retirement organization which is located near a TBA credit union office; (4) credit union employees, and immediate family of current or deceased credit union members.
See current membership details
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Loan Denial
We have a $20,000 truck loan witch is paid every month and is current. However we were denied a $2,500 loan for a camper my wifes credit score is 622 we have been dinied 2 or 3 times for a camper loan it dosent make sense. The whole reason for belonging to your credit union was to not be judge by past issues but to look forward to future success. We have been good costumers and have been denied a small camper loan. We minse as well belong to a regular bank. Very disappointed
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61795 |
| Year Chartered | 1955 |
| Employees | 65 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.97% |
| Return on Equity - YTD | 15.45% |
| Annual Interest Income | $6.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $353.9MM$343.7MM |
| Loans | Q2 2023vs Q2 2022 | $212.9MM$186.5MM |
| Deposits | Q2 2023vs Q2 2022 | $298.8MM$300.4MM |
| Equity Capital | Q2 2023vs Q2 2022 | $45.2MM$40.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $732.00K$306.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |