Baraga County Federal Credit Union

Social
  • +1

A short history of Baraga County FCU

Since its inception in 1952 the Baraga County Federal Credit Union has been serving its members in the LANSE, 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 STEPHEN SMITH, the Baraga County FCU has grown its membership to over 5,111 with assets of more than $37,137,897. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (906) 524-6151 or email them at bcfcu@up.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LANSE, MI.

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

Charter Number 7672
Address PO BOX 38 
City LANSE 
State Michigan 
Zip-Code 49946
Phone Number (906) 524-6151
Fax Number (906) 524-5515
Email Address: bcfcu@up.net
CEO/President STEPHEN SMITH
Members 5,111 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 37,137,897 
Website http://baragafcu.com 

Compare Baraga County Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Michigan Tech Employees CU Main Branch/Corporate Offices 700 E Sharon Ave 49931 (906) 482-5005 No 27.60

Baraga County Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


Baraga County 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 12.00 4.00 4.25 4.00 5.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 411 282 231 138 289
Rank Among All Michigan Credit Unions 73 84 61 32 62

Baraga County Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.25 0.55 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 105 251 227
Rank Among All Michigan Credit Unions N/A 14 21 58 48
Baraga County Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.000409369,224
All Other Unsecured Loans/Lines of Credit 7.0004141,282,203
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.00043804,738
Used Vehicle Loans 4.2505314,462,470
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00012737,550
Total Other Real Estate Loans/Lines of Credit 5.500421,448,816
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.2504271,797,760
TOTAL LOANS & LEASES 1,87810,902,761

Baraga County 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 0000
    b. 15 Years or less 12737,55000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 27918,9686254,648
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 15529,84800
Open-End Fixed Rate 0000
TOTALS 542,186,3666254,648

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Baraga County Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
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