BEST FINANCIAL Credit Union Profile

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BEST FINANCIAL

Charter #62027 | NCUA Region 1 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (231) 733-1329

Fax: (231) 737-1425

Founding Date: N/A

Website: http://www.bestfinancialcu.org

Personnel & Operations

President: Witcher, Shontaye

Manager: Rescorla, Morgan

FT Employees: 52

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 2

Hours: M- 9-5 T- 9-5 W- 10-5 TH- 9-6 F- 9-5 S

Credit Union Profile Summary

BEST FINANCIAL is a FISCU Credit Union. With a total of 13,623 members [1], this institution manages approximately $141,061,879 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 16.16% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 3.79% [1].

Financial Snapshot

Total Assets [1]
$141,061,879

Total economic resources.

Total Loans [1]
$102,505,281

Total value of outstanding loans.

Total Deposits [1]
$117,374,746

Total funds deposited by members.

Members [1]
13,623

Number of active members.

Performance Ratios

Net Worth Ratio [1]
16.16%

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]
0.04%

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

Loan-to-Share Ratio [1]
87.33%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -0.34%

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

Loan Growth (4Q) [1]
↑ 3.79%

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

Member Growth (4Q) [1]
↑ 2.02%

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

Headquarters Location & Map

Headquarters Address

1888 E SHERMAN BLVD

MUSKEGON, MI, 49444-1822
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by BEST FINANCIAL (Charter #62027).

Main Office

Best Financial Credit Union Main Office

Type: Corporate Office

1888 E Sherman Blvd

Muskegon, MI 49444-1822

Phone: (231) 733-1329

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Spring Lake

Best Financial Credit Union Spring Lake Branch

Type: Branch Office

612 W Savidge St

Spring Lake, MI 49456

Phone: (231) 733-1329

Services: Member Services, ATM, Drive-Thru

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