Central Michigan Community Federal Credit Union
Headquarters
Box 207
Clare, MI 48617
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2024 Overview
General Credit Union Information
Central Michigan Community is an NCUA insured institution located in Clare, MI. It was founded in 1948 and has approximately $116.73 millions in assets.
Acquired by or merged with Members First CU (MI).
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 5743 |
| Date Established | 1948 |
| Assets | $116.73 million |
| Loans | $68.07 million |
| Deposits | $104.53 million |
| Capital | $11.89 million |
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Clare, Midland, Gladwin, Gratiot, Isabella, Bay, Osceola, and Saginaw Counties in Michigan. Membership is also open to students and employees of Midland County schools and the Midland City Education Association and Delta College who live or work in Midland County.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Central Michigan Community
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Central Michigan Community
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,603 | $2,049 | Learn More |
NMLS ID: 3029 |
7.008% | 6.875% | 0.88 | $4,492 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Central Michigan Community
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Central Michigan Community branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
CENTRAL MICHIGAN COMMUNITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Central Michigan Community Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Central Michigan Community. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Central Michigan Community | U.S. Average |
|---|---|
| 4.17% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Central Michigan Community had $444,404 in non-current loans and $66,968 in owned assets. To cover these potential losses it had $11,887,919 in net worth and $368,322 in loans loss reserves. That gives it a Texas Ratio of 4.17%.
Net Worth
| Central Michigan Community | U.S. Average |
|---|---|
| 10.18% | 13.62% |
Central Michigan Community FCU has a net worth of 10.18% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Central Michigan Community
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