TAHQUAMENON AREA Credit Union Profile

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TAHQUAMENON AREA

Charter #60423 | NCUA Region 1 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (906) 293-5117

Fax:

Founding Date: N/A

Website: http://WWW.TACUMI.COM

Personnel & Operations

President: Walker, Michael

Manager: Laidlaw, Shannon

FT Employees: 20

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 2

Hours: M-F 8:30 - 5

Credit Union Profile Summary

TAHQUAMENON AREA is a FISCU Credit Union. With a total of 4,668 members [1], this institution manages approximately $65,432,592 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 12.36% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -0.35% [1].

Financial Snapshot

Total Assets [1]
$65,432,592

Total economic resources.

Total Loans [1]
$25,834,992

Total value of outstanding loans.

Total Deposits [1]
$58,828,579

Total funds deposited by members.

Members [1]
4,668

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.36%

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]
0.16%

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

Loan-to-Share Ratio [1]
43.92%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -4.74%

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

Loan Growth (4Q) [1]
↓ -0.35%

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

Member Growth (4Q) [1]
↓ -12.27%

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

Headquarters Location & Map

Headquarters Address

7693 State Hwy M123

Newberry, MI, 49868
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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 3 branches reported by TAHQUAMENON AREA (Charter #60423).

Main Office

Newberry Main Office

Type: Corporate Office

7693 State Hwy M123

Newberry, MI 49868

Phone: (906) 293-5117

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Engadine

Engadine

Type: Branch Office

N 6747 M117

Engadine, MI 49827

Phone: (906) 477-9932

Services: Member Services, ATM, Drive-Thru

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Rudyard

Rudyard

Type: Branch Office

18829 S Mackinac Trl

Rudyard, MI 49780-9278

Phone: (906) 478-4281

Services: Member Services, ATM, Drive-Thru

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