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Overview / Commentary
417 W. Chisholm St.
Alpena, MI 49707

Thunder Bay Area Credit Union is headquartered in Alpena and is the 185th largest credit union in the state of Michigan. It is also the 3,208th largest credit union in the nation. It was established in 1958 and as of March of 2017, it had grown to 6 employees and 2,924 members at 1 location. Thunder Bay Area Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Alpena County in Michigan, anyone over the age of 55 receiving retirement payments and lives in Alpena or a contiguous county.
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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. Thunder Bay Area Credit Union has a low asset base.

Health Grade Components

NCUA #62222
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD-0.47%
Return on Equity - YTD-5.05%
Annual Interest Income$179.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$24.4MM$23.3MM
LoansQ1 2017vs Q1 2016$14.7MM$12.5MM
DepositsQ1 2017vs Q1 2016$22.2MM$21.1MM
Equity CapitalQ1 2017vs Q1 2016$2.2MM$2.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$109.00K$77.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$52.00K$106.00K
Real Estate OwnedQ1 2017vs Q1 2016$146.00K$130.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Thunder Bay Area Credit Union Savings Account Rates

0.40%--IRA Share Account
0.20%*$50k*-Special Deposit Account
OTHER TIERS: 0.10% $2k - $20k | 0.15% $20k - $50k
0.10%--Share Savings Account
0.10%--Christmas Club
0.10%--Vacation Club

Thunder Bay Area Credit Union Locations
Branch Office417 W Chisholm StAlpena, MI 49707