Thornapple Credit Union


Overview / Commentary
269-948-8369
202 E Woodlawn Ave
Hastings, MI 49058

Thornapple Credit Union is headquartered in Hastings and is the 128th largest credit union in the state of Michigan. It is also the 2,132nd largest credit union in the nation. It was established in 1964 and as of March of 2025, it had grown to 31 employees and 8,263 members at 3 locations. Thornapple Credit Union has a B health rating.

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Health
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. Thornapple Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #62196
Year Chartered1964
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD6.34%
Annual Interest Income$1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$71.9MM$70.2MM
LoansQ1 2025vs Q1 2024$57.3MM$55.7MM
DepositsQ1 2025vs Q1 2024$64.6MM$62.9MM
Equity CapitalQ1 2025vs Q1 2024$6.5MM$5.6MM
Loan Loss AllowanceQ1 2025vs Q1 2024$421K$397K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$524K$475K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Thornapple Credit Union are currently being reviewed.

Locations


Thornapple Credit Union Locations
Branch Office202 E Woodlawn AveHastings, MI 49058
Branch Office108 S Grove StDelton, MI 49046
Branch Office410 S Broadway StMiddleville, MI 49333

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