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Overview / Commentary
3302 Mindy Ln
Kalamazoo, MI 49001-4897

Tower Family Credit Union is headquartered in Kalamazoo and is the 224th largest credit union in the state of Michigan. It is also the 4,430th largest credit union in the nation. It was established in 1928 and as of June of 2016, it had grown to 2 employees and 1,115 members at 1 location. Tower Family Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees in a mental, medical or physical health facility in Kalamazoo County, Michigan. Membership is also open to those who are age 55 or over who receive retirement payments and live in Kalamazoo 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. Tower Family Credit Union has a very low asset base.

Health Grade Components

NCUA #62129
Year Chartered1928
Primary Regulator
Profit Margin
Return on Assets - YTD-0.14%
Return on Equity - YTD-1.63%
Annual Interest Income$105.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$8.5MM$7.9MM
LoansQ2 2016vs Q2 2015$2.1MM$2.1MM
DepositsQ2 2016vs Q2 2015$7.7MM$7.1MM
Equity CapitalQ2 2016vs Q2 2015$738.00K$753.00K
Loan Loss AllowanceQ2 2016vs Q2 2015$33.00K$33.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$44.00K$35.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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Tower Family Credit Union Savings Account Rates

0.50%--IRA Share Account
0.50%--Christmas Club Account
0.50%--Vacation Club Account
0.50%--Roth IRA Shares
0.23%*$15k*-Vari Share Savings Account
OTHER TIERS: 0.10% $100 - $10k | 0.16% $10k - $15k
0.10%--Regular Share Account

Tower Family Credit Union Locations
Branch Office3302 Mindy LnKalamazoo, MI 49001-4897