2024 Overview
General Credit Union Information
Financialedge is an NCUA insured institution located in Bay City, MI. It was founded in 1950 and has approximately $125.16 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 61619 |
| Date Established | 1950 |
| Assets | $125.16 million |
| Loans | $76.73 million |
| Deposits | $108.89 million |
| Capital | $15.69 million |
Field of Membership Restrictions
Financial Edge Community Credit Union of Michigan is open to the residents, church members, and people that maintain employment within these eligible locations: Arenac, Midland, and Saginaw, retirees that are 55+ drawing an income compensation from any source and are committed to a retirement organization within the county of the credit union main office, credit union employees, member affiliated organizations, the family members of the mentioned people, and the widows/widowers of deceased members.
Deposit Rates - November 22, 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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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | $99 | Learn More |
| Int Ckg
|
0.20% | $2,500 | $3,499 | Learn More |
Loan Rates - November 22, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Financialedge
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: 2578474 |
6.494% | 6.375% | 0.88 | $4,010 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.953% | 6.875% | 0.63 | $2,534 | $2,103 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | 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 |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Note to Financialedge
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Branches
Below are Financialedge 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
Financialedge Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 255.37 | A | View Lobby Hours | |
| 255.90 | B | View Lobby Hours |
Climate Policy and Initiatives
FINANCIALEDGE 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
Financialedge Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Financialedge . 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
| Financialedge | U.S. Average |
|---|---|
| 8.16% | 5.83 |
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, 2024, Financialedge had $1,286,936 in non-current loans and $18,000 in owned assets. To cover these potential losses it had $15,691,861 in net worth and $291,806 in loans loss reserves. That gives it a Texas Ratio of 8.16%.
Net Worth
| Financialedge | U.S. Average |
|---|---|
| 12.52% | 13.93% |
Financialedge FCU has a net worth of 12.52% versus the BestCashCow average of 13.93. 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 Financialedge
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