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

Tower Family Credit Union is headquartered in Kalamazoo and is the 214th largest credit union in the state of Michigan. It is also the 4,290th largest credit union in the nation. It was established in 1928 and as of December of 2017, it had grown to 2 employees and 1,042 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-0.46%
Return on Equity - YTD-5.6%
Annual Interest Income$218.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$8.6MM$8.5MM
LoansQ4 2017vs Q4 2016$2.0MM$2.3MM
DepositsQ4 2017vs Q4 2016$7.8MM$7.7MM
Equity CapitalQ4 2017vs Q4 2016$696.00K$736.00K
Loan Loss AllowanceQ4 2017vs Q4 2016$44.00K$31.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$115.00K$67.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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Tower Family Credit Union Savings Account Rates

0.50%--Traditional IRA Shares
0.50%--Christmas Club Account
0.50%--Vacation Club Account
0.50%--Roth IRA Shares
0.23%*$50k*-Vari Share Savings Account
OTHER TIERS: 0.10% $100 - $25k | 0.16% $25k - $50k
0.10%--Regular Share Account

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