COMPASS

485 S STATE ST, P.O. BOX 310
Sparta, MI 49345

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 62040
Date Established 1956
Assets $65.35 million
Loans $32.70 million
Deposits $57.70 million
Capital $6.88 million

Compass is an NCUA insured institution located in Sparta, MI. It was founded in 1956 and has approximately $65.35 millions in assets.

Deposit Rates - October 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.05% $1,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.92% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.58% $500 - Learn MoreShow Less
12 Mo CD
0.92% $500 - Learn MoreShow Less
24 Mo CD
1.23% $500 - Learn MoreShow Less
36 Mo CD
1.47% $500 - Learn MoreShow Less
48 Mo CD
1.68% $500 - Learn MoreShow Less
60 Mo CD
1.99% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $25 - Learn MoreShow Less

Loan Rates - October 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for COMPASS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.783% 3.750% 0.00 $1,012 $1,158 Learn More
Hamilton National Mortgage Co.
NMLS ID: 122701
3.750% 3.750% 0.00 $0 $1,158 Learn More
First Internet Bank
NMLS ID: 424182
3.756% 3.750% 0.13 $188 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to COMPASS
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Compass 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:
Ashburn,Virginia


Compass Locations


Financial Details

Compass Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Compass. 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
Compass U.S. Average
2.45% 5.86

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 June 30, 2019, Compass had $129,350 in non-current loans and $49,200 in owned assets. To cover these potential losses it had $6,879,068 in net worth and $396,087 in loans loss reserves. That gives it a Texas Ratio of 2.45%.

Net Worth
Compass U.S. Average
10.52% 13.65%

Compass FCU has a net worth of 10.52% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Compass

Branches and Savings

What is Compass?

A federal credit union, registered with the NCUA under certificate #62040.
Learn more about credit unions here.

Is Compass FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Compass?

Please see Field of Membership information above for information on who is eligible to join.

What are Compass's share account and share certificate rates?

Compass's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Compass?

Compass has total capital of $6.88 million. Full information on Compass's financial position is located above.

Who owns Compass?

Credit Unions are owned by their members.

Where are Compass branches located?

See branch locations nearby.

Are Compass ATMs Open 24/7?

Do Compass ATMs accept cash deposits?

Can Compass customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Compass have a mobile app?

Does Compass have mobile deposit?

Does Compass have quick pay?

How can Compass transfer money to other banks or credit unions?

Does Compass report to credit bureaus?

Does Compass use Chexsystems?

Does Compass use Equifax?

What is Compass's toll free phone number?

What is Compass's ACH Routing Number?

What is Compass's SWIFT code?

Where can I find Compass's wire transfer form?

What is the Compass address for deposits?

What Products Does Compass Offer

Does Compass offer mortgages?

Compare mortgage rates here.

Does Compass offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Compass offer auto and RV loans?

Compare auto loan rates here.

Does Compass offer student loans or personal loans?

Compare personal loan rates here.

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