SETTLERS Credit Union Profile

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SETTLERS

Charter #24793 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (906) 827-3240

Fax: (906) 827-3260

Founding Date: N/A

Website: http://www.settlersfcu.com

Personnel & Operations

President: Malnar, Pamela

Manager: Lindberg, Lisa

FT Employees: 8

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 66

Branches: 2

Hours: MONDAY - THURSDAY: 8:30 A.M. TO 4:00 P.M. E

Credit Union Profile Summary

SETTLERS is a FCU Credit Union. With a total of 3,903 members [1], this institution manages approximately $35,789,316 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 18.55% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.99% [1].

Financial Snapshot

Total Assets [1]
$35,789,316

Total economic resources.

Total Loans [1]
$18,006,723

Total value of outstanding loans.

Total Deposits [1]
$28,970,848

Total funds deposited by members.

Members [1]
3,903

Number of active members.

Performance Ratios

Net Worth Ratio [1]
18.55%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
2.21%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
62.15%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 1.70%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 2.99%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 2.58%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

14623 STATE HIGHWAY M28 E

BRUCE CROSSING, MI, 49912-9296
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by SETTLERS (Charter #24793).

Main Office

Settlers Federal Credit Union Main Office

Type: Corporate Office

14623 State Highway M28 E

Bruce Crossing, MI 49912-9296

Phone: (906) 827-3240

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Watersmeet

Settlers Federal Credit Union

Type: Branch Office

5384 US Highway 45 N

Watersmeet, MI 49969

Phone: (906) 358-3066

Services: Member Services

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