2024 Overview
General Credit Union Information
Our is an NCUA insured institution located in Royal Oak, MI. It was founded in 1959 and has approximately $365.12 millions in assets.
Who can join?
Any person who lives, works, worships or attends school in Oakland or Macomb County, MI is eligible to join OUR Credit Union.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 62028 |
| Date Established | 1959 |
| Assets | $365.12 million |
| Loans | $211.84 million |
| Deposits | $345.92 million |
| Capital | $33.05 million |
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Macomb or Oakland Counties in Michigan.
Deposit Rates - December 21, 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
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.05% | $10,000 | $14,999 |
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|
|
Money Market
|
0.10% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.26% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.26% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.51% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.51% | $100,000 | $199,999 |
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|
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Our
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: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | 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 |
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More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
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More Info |
Note to Our
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Branches
Below are Our 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
Our Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 174.49 | A | View Lobby Hours | |
| 175.68 | B | View Lobby Hours | |
| 177.46 | C | View Lobby Hours |
Climate Policy and Initiatives
OUR 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
Our Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Our. 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
| Our | U.S. Average |
|---|---|
| 6.31% | 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, Our had $2,174,549 in non-current loans and $131,688 in owned assets. To cover these potential losses it had $33,052,020 in net worth and $3,483,581 in loans loss reserves. That gives it a Texas Ratio of 6.31%.
Net Worth
| Our | U.S. Average |
|---|---|
| 9.05% | 13.93% |
Our FCU has a net worth of 9.05% 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 Our
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