Institution Profile
Address: PO Box 795 Traverse City, MI 49685
(231) 929-2000
Website:
NCUA Profile:
Charter Date:
1/1/1954
Charter Type:
State
Branches:
23
Branches by Region
MI 23
Financial Overview
Total Assets
$1.04B
Total Deposits
$892.77M
Total Loans
$726.79M
Members
104,200
Employees
283 281 Full-time / 2 Part-time
Allowance for Loan Losses
$12.54M
Performance Ratios
Net Worth Ratio
9.81%
Loan-to-Deposit Ratio
81.41%
Coverage Ratio
1.73% Allowance / Total Loans
Assets, Loans & Deposits Over Time
Assets, Loans & Deposits Over Time
Total Assets: +76.56% Total Deposits: +74.71% Total Loans: +61.44% since 2020 Q1
Member Growth
Member Growth
Members: +20.29% since 2020 Q1
Employee Growth
Employee Growth
Employees: +42.93% since 2020 Q1
Loan Originations
New loans granted per quarter (calculated from YTD figures)
Loans This Year (YTD)
17,577
Amount This Year (YTD)
$229.57M
Number of Loans per Quarter
Loans Granted: +26.23% since 2020 Q1
Loan Amount per Quarter
Amount Granted: +11.67% since 2020 Q1
Loan Portfolio Breakdown
Current outstanding balances by loan type
1st Mortgages
$219.24M 30.2%
Used Vehicle
$190.94M 26.3%
CRE: Owner-Occupied
$78.59M 10.8%
Other Secured
$55.91M 7.7%
HELOCs
$43.25M 6.0%
Other Unsecured
$40.42M 5.6%
CRE: Non-Owner-Occupied
$37.92M 5.2%
CRE: Multifamily
$18.00M 2.5%
New Vehicle
$17.14M 2.4%
Commercial & Industrial
$16.00M 2.2%
CRE: Construction
$7.92M 1.1%
Commercial Unsecured
$783,394 0.1%
CRE: Farmland
$442,056 0.1%
Other Real Estate
$243,380 0.0%
Student Loans
$1,544 0.0%
Portfolio Distribution
SBA 7(a) Loan Originations
Quarterly SBA origination activity and guaranteed exposure
SBA 7(a) Originations vs Cancellations per Quarter
Approved: -50.00% since 2020 Q1
SBA 7(a) Approved vs Guaranteed vs Cancelled Dollars
Approved: -40.00% Guaranteed: -32.89% since 2020 Q1
Historical Data Table
| Quarter | Members | Total Assets | Total Deposits | Total Loans | Employees |
|---|---|---|---|---|---|
| 2025 Q4 | 104,200 | $1.04B | $892.77M | $726.79M | 283 |
| 2025 Q3 | 103,685 | $1.03B | $895.54M | $745.81M | 273 |
| 2025 Q2 | 105,681 | $1.02B | $890.42M | $731.34M | 277 |
| 2025 Q1 | 105,327 | $1.03B | $904.27M | $731.74M | 278 |
| 2024 Q4 | 105,437 | $1.03B | $900.31M | $741.87M | 276 |
| 2024 Q3 | 104,679 | $1.06B | $927.38M | $749.32M | 289 |
| 2024 Q2 | 103,661 | $1.04B | $949.78M | $756.80M | 289 |
| 2024 Q1 | 105,980 | $1.08B | $991.49M | $760.01M | 282 |
| 2023 Q4 | 105,332 | $1.09B | $996.51M | $781.68M | 289 |
| 2023 Q3 | 104,469 | $1.11B | $1.02B | $781.68M | 272 |
| 2023 Q2 | 100,408 | $999.41M | $917.66M | $726.23M | 266 |
| 2023 Q1 | 101,782 | $1.03B | $886.60M | $744.06M | 263 |
| 2022 Q4 | 99,952 | $1.01B | $848.31M | $730.60M | 232 |
| 2022 Q3 | 98,296 | $976.60M | $873.75M | $703.39M | 212 |
| 2022 Q2 | 95,995 | $963.24M | $848.77M | $649.48M | 215 |
| 2022 Q1 | 96,704 | $933.81M | $848.31M | $610.61M | 197 |
| 2021 Q4 | 95,314 | $896.65M | $810.58M | $599.55M | 199 |
| 2021 Q3 | 93,718 | $873.55M | $788.65M | $581.89M | 203 |
| 2021 Q2 | 92,677 | $834.35M | $754.68M | $571.09M | 191 |
| 2021 Q1 | 91,432 | $817.46M | $737.12M | $541.75M | 200 |
| 2020 Q4 | 89,823 | $742.41M | $662.55M | $522.94M | 195 |
| 2020 Q3 | 88,208 | $701.77M | $625.17M | $497.14M | 193 |
| 2020 Q2 | 86,244 | $662.71M | $587.68M | $468.73M | 194 |
| 2020 Q1 | 86,626 | $587.94M | $510.99M | $450.20M | 198 |
Interest Rates
Current average rates by loan type
New Vehicle
8.75%
Used Vehicle
8.75%
1st Mortgage (Fixed)
7.10%
HELOC
7.58%
Other Unsecured
9.69%