Settlers Federal Credit Union

A short history of Settlers FCU

Since its inception in 1932 the Settlers Federal Credit Union has been serving its members in the BRUCE CROSSING, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Lisa Lindberg, the Settlers FCU has grown its membership to over 3,467 with assets of more than $24,931,375. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (906) 827-3240 or email them at CU@settlersfcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BRUCE CROSSING, MI.

General Information For Settlers FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Compare Settlers Federal Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Lake Superior CU	Lake Superior Credit Union	801 River St	49953	(906) 884-2069	No	25.94

Settlers Federal Credit Union Financial Performance Charts

Financial Data

Settlers Federal Credit Union Lowest Loan Rates With State and USA Rankings

	Unsecured Credit Card	New Car Loans	Used Car Loans	1st Mortgage Loans	Other Real Estate
Rate	8.00	5.20	8.40	7.00	7.00
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	91	418	656	438	431
Rank Among All Michigan Credit Unions	13	111	130	104	84

Settlers Federal Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	0.10	0.50	0.55	0.90	1.00
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	116	66	55	190	158
Rank Among All Michigan Credit Unions	13	5	7	39	26

Settlers Federal Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	8.000	629	1,271,193
All Other Unsecured Loans/Lines of Credit	7.300	1,358	4,117,305
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	5.200	12	285,451
Used Vehicle Loans	8.400	451	4,985,362
Total 1st Mortgage Real Estate Loans/Lines of Credit	7.000	109	3,345,805
Total Other Real Estate Loans/Lines of Credit	7.000	3	157,096
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	9.900	145	1,640,956
TOTAL LOANS & LEASES		2,707	15,803,168

Settlers Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding

Amt of Loans Outstanding

No. of Loans Granted Year- to-Date

Amount Granted Year-To-Date

Fixed Rate
a. > 15 years	0	0	0	0
b. 15 Years or less	5	53,619	0	0
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	0	0	0	0
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	104	3,292,186	4	163,400
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	0	0	0	0
Closed-End Adjustable Rate	3	157,096	0	0
Open-End Adjustable Rate	0	0	0	0
Open-End Fixed Rate	0	0	0	0
TOTALS	112	3,502,901	4	163,400

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

Settlers Federal Credit Union Member Offerings

First Time Homebuyer Program	No
Real Estate Loans	Yes
Pay Day Lending	No
Share Secured Credit Cards	No
Overdraft Protection/Courtesy Pay	Yes
Overdraft Lines of Credit	Yes
ATM/Debit Card Program	Yes
Interest Only and Payment Option 1st Mortgage Loans	No
Check Cashing	Yes
Money Orders	Yes
No Surcharge ATMs	Yes
Home Banking Via Internet Website	Yes