Tahquamenon Area Credit Union

A short history of Tahquamenon Area CU

Since its inception in 1955 the Tahquamenon Area Credit Union has been serving its members in the NEWBERRY, 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 Ruben Ison, the Tahquamenon Area CU has grown its membership to over 6,514 with assets of more than $63,996,180. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (906) 293-5117 or email them at admin@tacumi.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in NEWBERRY, MI.

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

Compare Tahquamenon Area Credit Union To Other Local Credit Unions

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Tahquamenon Area Credit Union Financial Performance Charts

Financial Data

Tahquamenon Area 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	11.90	2.95	2.95	5.20	5.25
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	406	139	88	291	260
Rank Among All Michigan Credit Unions	71	37	22	85	54

Tahquamenon Area Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	0.05	0.05	0.10	0.41	0.45
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	125	143	134	280	234
Rank Among All Michigan Credit Unions	15	19	30	63	51

Tahquamenon Area Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	11.900	665	459,307
All Other Unsecured Loans/Lines of Credit	10.900	825	3,142,141
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	2.950	97	1,885,227
Used Vehicle Loans	2.950	411	3,255,181
Total 1st Mortgage Real Estate Loans/Lines of Credit	5.200	274	10,825,740
Total Other Real Estate Loans/Lines of Credit	5.250	26	361,520
Leases Receivable	3.250	1	42,223
Total All Other Loans/Lines of Credit	9.900	272	2,237,448
TOTAL LOANS & LEASES		2,571	22,208,787

Tahquamenon Area 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	2	206,366	0	0
b. 15 Years or less	78	1,885,054	5	101,473
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	194	8,734,320	22	1,126,063
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	8	76,332	0	0
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	18	285,188	0	0
Open-End Fixed Rate	0	0	0	0
TOTALS	300	11,187,260	27	1,227,536

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

Tahquamenon Area Credit Union Member Offerings

First Time Homebuyer Program	No
Real Estate Loans	Yes
Pay Day Lending	No
Share Secured Credit Cards	Yes
Overdraft Protection/Courtesy Pay	No
Overdraft Lines of Credit	No
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