PO BOX 485
Newberry, MI 49868

Notable Rates APY Vs.Others
Savings 0.10% 2.20% →
1-Year CD 0.65% 2.25% →
2-Year CD 0.90% 2.30% →
5-Year CD 1.15% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Credit Union Information

Tahquamenon Area is an NCUA insured institution located in Newberry, MI. It was founded in 1955 and has approximately $61 millions in assets.

NCUA Insured Yes
Charter Number # # 60423
Date Established 1955
Assets $61.00 million
Loans $21.21 million
Deposits $52.75 million
Capital $6.94 million

Field of Membership Restrictions

Membership is open to those who own property or work in Luce County, Mackinac County, Chippewa County, Senay Township in Schoolcraft County, Burt Township in Alger County.

Deposit Rates - January 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.10% $2,500 - Learn MoreShow Less
Fixed IRA
0.65% $100 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $100 - Learn MoreShow Less
12 Mo CD
0.65% $100 - Learn MoreShow Less
24 Mo CD
0.90% $100 - Learn MoreShow Less
36 Mo CD
1.05% $100 - Learn MoreShow Less
60 Mo CD
1.15% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.45% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - January 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for TAHQUAMENON AREA

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
Learn More
NMLS ID: 2890
License#: MC-3098
3.384% 3.375% 0.13 $285 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

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
3.740 %
$0 Learn More
More Info

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


Below are Tahquamenon Area 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:

Tahquamenon Area Locations

Financial Details

Tahquamenon Area Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Tahquamenon Area. 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
Tahquamenon Area U.S. Average
6.05% 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, Tahquamenon Area had $362,722 in non-current loans and $63,732 in owned assets. To cover these potential losses it had $6,944,582 in net worth and $99,703 in loans loss reserves. That gives it a Texas Ratio of 6.05%.

Net Worth
Tahquamenon Area U.S. Average
11.38% 13.65%

Tahquamenon Area FCU has a net worth of 11.38% 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 Tahquamenon Area

Branches and Savings

What is Tahquamenon Area?

A federal credit union, registered with the NCUA under certificate #60423.
Learn more about credit unions here.

Is Tahquamenon Area 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 Tahquamenon Area?

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

What are Tahquamenon Area's share account and share certificate rates?

Tahquamenon Area'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 Tahquamenon Area?

Tahquamenon Area has total capital of $6.94 million. Full information on Tahquamenon Area's financial position is located above.

Who owns Tahquamenon Area?

Credit Unions are owned by their members.

Where are Tahquamenon Area branches located?

See branch locations nearby.

Are Tahquamenon Area ATMs Open 24/7?

Do Tahquamenon Area ATMs accept cash deposits?

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

Does Tahquamenon Area have a mobile app?

Does Tahquamenon Area have mobile deposit?

Does Tahquamenon Area have quick pay?

How can Tahquamenon Area transfer money to other banks or credit unions?

Does Tahquamenon Area report to credit bureaus?

Does Tahquamenon Area use Chexsystems?

Does Tahquamenon Area use Equifax?

What is Tahquamenon Area's toll free phone number?

What is Tahquamenon Area's ACH Routing Number?

What is Tahquamenon Area's SWIFT code?

Where can I find Tahquamenon Area's wire transfer form?

What is the Tahquamenon Area address for deposits?

What Products Does Tahquamenon Area Offer

Does Tahquamenon Area offer mortgages?

Compare mortgage rates here.

Does Tahquamenon Area offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Tahquamenon Area offer auto and RV loans?

Compare auto loan rates here.

Does Tahquamenon Area offer student loans or personal loans?

Compare personal loan rates here.

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