2024 Overview
General Credit Union Information
Safe Harbor is an NCUA insured institution located in Ludington, MI. It was founded in 1952 and has approximately $144.96 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 61988 |
| Date Established | 1952 |
| Assets | $144.96 million |
| Loans | $126.79 million |
| Deposits | $122.66 million |
| Capital | $13.38 million |
Field of Membership Restrictions
Membership is open to anyone over the age of 55 who received retirement payments and live in Mason County. Membership is also open to employees and members of employer groups located within a 25-mile radius of the credit union's main office.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.30% | $2,500 | $2,999 |
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|
|
Money Market
|
0.30% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.20% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.30% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.40% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.50% | $100,000 | $199,999 |
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|
Loan Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Safe Harbor
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 |
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|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 1907 |
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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 |
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More Info |
Note to Safe Harbor
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Branches
Below are Safe Harbor 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
SAFE HARBOR 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
Safe Harbor Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Safe Harbor. 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
| Safe Harbor | U.S. Average |
|---|---|
| 49.35% | 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, Safe Harbor had $6,575,170 in non-current loans and $126,260 in owned assets. To cover these potential losses it had $13,384,324 in net worth and $196,238 in loans loss reserves. That gives it a Texas Ratio of 49.35%.
Net Worth
| Safe Harbor | U.S. Average |
|---|---|
| 9.23% | 13.62% |
Safe Harbor FCU has a net worth of 9.23% 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 Safe Harbor
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