Overview / Commentary
2501 1st Ave N
Escanaba, MI 49829-1489

U.P. State Credit Union is headquartered in Escanaba and is the 119th largest credit union in the state of Michigan. It is also the 1,881st largest credit union in the nation. It was established in 1955 and as of June of 2018, it had grown to 30 employees and 9,416 members at 4 locations. U.P. State Credit Union's money market rates are 36% higher than the national average, and it has a B health rating.

Reviews (1)

Great choice for upper peninsula residents.

Posted by: Loomus | Aug 5, 2016

I would recommend this credit union to most people that qualify to get one. You have to be a resident of the upper peninsula of Michigan. The customer service is what really makes this place shine. Everyone is super friendly and willing to do whatever it takes to make sure you're satisfied and leave happy. My mom passed away and they were really helpful dealing with her finances and then closed out her account and placed the balance into mine without hassle. They were very friendly and actually cared. They even remembered my mom and talked about her with me. I really got the sense that they just care there. They also set up all my online banking stuff while I was there in just a few minutes and walked me through the whole process. So to anyone thinking about getting an account through them I highly recommend it.

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. U.P. State Credit Union has a relatively low asset base.

Health Grade Components

NCUA #62085
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD4.82%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$77.2MM$74.8MM
LoansQ2 2018vs Q2 2017$49.6MM$52.1MM
DepositsQ2 2018vs Q2 2017$69.7MM$67.9MM
Equity CapitalQ2 2018vs Q2 2017$6.4MM$6.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$295.00K$243.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$707.00K$669.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$85.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

U.P. State Credit Union Savings Account Rates

0.15%--Regular Shares
0.15%--Christmas Club

U.P. State Credit Union Money Market Rates

0.60%*$50k*-Money Market Account
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $25k | 0.40% $25k - $50k

U.P. State Credit Union Checking Account Rates

0.30%*$10k*-Member Rewards
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $10k
0.05%--Checking Account

U.P. State Credit Union CD Rates

1.26%$250-3 Year CD
1.00%$250-2 Year CD
0.75%$250-1 Year CD
0.50%$250-6 Month CD

U.P. State Credit Union IRA Rates

1.26%$250-3 Year IRA
1.00%$250-2 Year IRA
0.75%$250-1 Year IRA
0.50%$250-6 Month IRA

U.P. State Credit Union Locations
Branch Office507 W M 134Cedarville, MI 49719
Branch OfficeW366 US Highway 2 WSaint Ignace, MI 49781-9614
Branch Office2501 1st Ave NEscanaba, MI 49829-1489
Branch Office601 US Highway 2Norway, MI 49870

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