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

U.P. State Credit Union is headquartered in Escanaba and is the 116th largest credit union in the state of Michigan. It is also the 1,863rd largest credit union in the nation. It was established in 1955 and as of December of 2018, it had grown to 31 employees and 9,414 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 - YTD0.52%
Return on Equity - YTD6.07%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$76.9MM$75.3MM
LoansQ4 2018vs Q4 2017$48.1MM$51.5MM
DepositsQ4 2018vs Q4 2017$69.2MM$67.4MM
Equity CapitalQ4 2018vs Q4 2017$6.6MM$6.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$272.00K$285.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$765.00K$972.00K
Real Estate OwnedQ4 2018vs Q4 2017$110.00K$0
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Always verify rates and promotions with the bank or credit union. We are not U.P. State Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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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