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 129th largest credit union in the state of Michigan. It is also the 2,135th largest credit union in the nation. It was established in 1964 and as of September of 2024, it had grown to 29 employees and 8,190 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
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD13.7%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$70.1MM$64.9MM
LoansQ3 2024vs Q3 2023$56.6MM$53.3MM
DepositsQ3 2024vs Q3 2023$62.9MM$58.6MM
Equity CapitalQ3 2024vs Q3 2023$6.1MM$5.2MM
Loan Loss AllowanceQ3 2024vs Q3 2023$425K$394K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$510K$416K
Real Estate OwnedQ3 2024vs Q3 2023$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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