Overview / Commentary
Tri-Cities Credit Union is headquartered in Grand Haven and is the 138th largest credit union in the state of Michigan. It is also the 2,429th largest credit union in the nation. It was established in 1955 and as of December of 2024, it had grown to 8 employees and 3,678 members at 3 locations. Tri-Cities Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Tri-Cities Credit Union is open to those who live, worship, or work in Ottawa County in Michigan.
See current membership details
Health
A
Data as of Q4 2024
Learn why bank health mattersAdditional 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. Tri-Cities Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62508 |
| Year Chartered | 1955 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 6.51% |
| Annual Interest Income | $2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $50.7MM$48MM |
| Loans | Q4 2024vs Q4 2023 | $31.1MM$30.2MM |
| Deposits | Q4 2024vs Q4 2023 | $44MM$41.8MM |
| Equity Capital | Q4 2024vs Q4 2023 | $6.3MM$5.9MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $214K$169K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $95K$77K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |