BLOOM

Headquarters

1414 BURTON SW
Wyoming, MI 49509
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.75% →
1-Year CD 0.35% 1.55% →
2-Year CD 0.90% 1.46% →
5-Year CD 1.71% 1.67% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Bloom is an NCUA insured institution located in Wyoming, MI. It was founded in 1951 and has approximately $138.87 millions in assets.

NCUA Insured Yes
Charter Number # # 62243
Date Established 1951
Assets $138.87 million
Loans $92.69 million
Deposits $125.10 million
Capital $13.48 million
 

Field of Membership Restrictions

Membership is open to those who live, worship or work in Ottawa, Kent, Muskegon, or Allegan Counties in Michigan.

Deposit Rates - May 26, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $1 $9,999 Learn More
Money Market
0.20% $2,500 $9,999 Learn More
Money Market
0.20% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.10% $500 $99,999 Learn More
3 Mo CD
0.20% $100,000 - Learn More
6 Mo CD
0.10% $500 $99,999 Learn More
6 Mo CD
0.20% $100,000 - Learn More
12 Mo CD
0.25% $500 $99,999 Learn More
12 Mo CD
0.35% $100,000 - Learn More
18 Mo CD
0.50% $500 $99,999 Learn More
18 Mo CD
0.60% $100,000 - Learn More
24 Mo CD
0.80% $500 $99,999 Learn More
24 Mo CD
0.90% $100,000 - Learn More
30 Mo CD
1.00% $500 $99,999 Learn More
30 Mo CD
1.11% $100,000 - Learn More
36 Mo CD
1.26% $500 $99,999 Learn More
36 Mo CD
1.36% $100,000 - Learn More
48 Mo CD
1.41% $500 $99,999 Learn More
48 Mo CD
1.51% $100,000 - Learn More
60 Mo CD
1.61% $500 $99,999 Learn More
60 Mo CD
1.71% $100,000 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $500 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1 $9,999 Learn MoreShow Less

Loan Rates - May 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BLOOM

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.951% 2.875% 1.00 $2,458 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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



Branches

Below are Bloom 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


Bloom Locations


Financial Details

Bloom Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bloom. 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
Bloom U.S. Average
9.29% 5.92

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 September 30, 2019, Bloom had $1,240,167 in non-current loans and $41,850 in owned assets. To cover these potential losses it had $13,479,441 in net worth and $323,079 in loans loss reserves. That gives it a Texas Ratio of 9.29%.

Net Worth
Bloom U.S. Average
9.7% 13.86%

Bloom FCU has a net worth of 9.7% versus the BestCashCow average of 13.86. 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 Bloom

Branches and Savings

What is Bloom?

A federal credit union, registered with the NCUA under certificate #62243.
Learn more about credit unions here.

Is Bloom 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 Bloom?

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

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

Bloom'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 Bloom?

Bloom has total capital of $13.48 million. Full information on Bloom's financial position is located above.

Who owns Bloom?

Credit Unions are owned by their members.

Where are Bloom branches located?

See branch locations nearby.

Are Bloom ATMs Open 24/7?

Do Bloom ATMs accept cash deposits?

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

Does Bloom have a mobile app?

Does Bloom have mobile deposit?

Does Bloom have quick pay?

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

Does Bloom report to credit bureaus?

Does Bloom use Chexsystems?

Does Bloom use Equifax?

What is Bloom's toll free phone number?

What is Bloom's ACH Routing Number?

What is Bloom's SWIFT code?

Where can I find Bloom's wire transfer form?

What is the Bloom address for deposits?

What Products Does Bloom Offer

Does Bloom offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bloom offer auto and RV loans?

Compare auto loan rates here.

Does Bloom offer student loans or personal loans?

Compare personal loan rates here.

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