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Overview / Commentary
269-344-8525
3302 Mindi Ln
Kalamazoo, MI 49001-4897

Tower Family Credit Union is headquartered in Kalamazoo and is the 216th largest credit union in the state of Michigan. It is also the 4,350th largest credit union in the nation. It was established in 1928 and as of September of 2017, it had grown to 2 employees and 1,039 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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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. Tower Family Credit Union has a very low asset base.

Health Grade Components

Overall
NCUA #62129
Year Chartered1928
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-0.53%
Return on Equity - YTD-6.46%
Annual Interest Income$161.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$8.5MM$8.3MM
LoansQ3 2017vs Q3 2016$2.0MM$2.2MM
DepositsQ3 2017vs Q3 2016$7.7MM$7.6MM
Equity CapitalQ3 2017vs Q3 2016$702.00K$736.00K
Loan Loss AllowanceQ3 2017vs Q3 2016$40.00K$32.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$77.00K$34.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Tower Family Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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