Besser Credit Union

A short history of Besser CU

Since its inception in 1966 the Besser Credit Union has been serving its members in the ALPENA, 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 Nancy Montie, the Besser CU has grown its membership to over 8,405 with assets of more than $74,146,431. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (989) 356-1880 or email them at bcu@bessercu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ALPENA, MI.

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

Compare Besser Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Alpena-alcona Area CU	Lincoln Office	111 S Church St	48742	(989) 736-8912	No	0.94
H.p.c. CU	H.P.C. CREDIT UNION - BRANCH OFFICE	150 S Ripley Blvd	49707	(989) 354-4698	No	1.27
Thunder Bay Area CU	Main Office	417 W Chisholm St	49707	(989) 354-2850	No	1.82
Alpena Community CU	Alpena Community Credit Union Main Office	710 W Miller St	49707	(989) 356-4561	No	1.86
Calcite CU	Calcite Credit Union	478 N Third St	49779	(989) 734-4130	No	29.58

Besser Credit Union Financial Performance Charts

Financial Data

Besser 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	13.00	4.17	4.17	3.17	N/A
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	459	302	222	40	N/A
Rank Among All Michigan Credit Unions	85	89	58	1	N/A

Besser Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	N/A	0.10	0.25	N/A	1.00
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	129	105	N/A	158
Rank Among All Michigan Credit Unions	N/A	16	21	N/A	26

Besser Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	13.000	1,628	2,074,569
All Other Unsecured Loans/Lines of Credit	6.990	1,229	2,030,044
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	4.000	50	256,956
New Vehicle Loans	4.170	155	2,757,034
Used Vehicle Loans	4.170	995	9,347,911
Total 1st Mortgage Real Estate Loans/Lines of Credit	3.170	252	11,229,612
Total Other Real Estate Loans/Lines of Credit	0.000	2	15,850
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	6.990	419	3,828,989
TOTAL LOANS & LEASES		4,730	31,540,965

Besser 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	15	308,769	4	253,550
b. 15 Years or less	192	7,489,280	18	1,049,799
Balloon/Hybrid
a. > 15 years	32	2,530,940	5	481,670
b. 15 Years or less	13	900,623	0	0
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	1	1,664	0	0
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	1	14,186	0	0
Open-End Fixed Rate	0	0	0	0
TOTALS	254	11,245,462	27	1,785,019

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

Besser Credit Union Member Offerings

First Time Homebuyer Program	Yes
Real Estate Loans	Yes
Pay Day Lending	Yes
Share Secured Credit Cards	Yes
Overdraft Protection/Courtesy Pay	Yes
Overdraft Lines of Credit	Yes
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