Besser Credit Union

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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 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.

Charter Number 62203
Address 1381 N BAGLEY ST 
State Michigan 
Zip-Code 49707
Phone Number (989) 356-1880
Fax Number (989) 356-0183
Email Address:
CEO/President Nancy Montie
Members 8,405 
Full-Time Employees 15 
Part-Time Employees
Number of Branch Offices
Total Assets 74,146,431 

Compare Besser Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
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

Performance Charts

Website Image

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 13.0001,6282,074,569
All Other Unsecured Loans/Lines of Credit 6.9901,2292,030,044
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 4.00050256,956
New Vehicle Loans 4.1701552,757,034
Used Vehicle Loans 4.1709959,347,911
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.17025211,229,612
Total Other Real Estate Loans/Lines of Credit 0.000215,850
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.9904193,828,989
TOTAL LOANS & LEASES 4,73031,540,965

Besser Credit Union Real Estate Loans and Lines of Credit


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 15308,7694253,550
    b. 15 Years or less 1927,489,280181,049,799
    a. > 15 years 322,530,9405481,670
    b. 15 Years or less 13900,62300
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 11,66400
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 114,18600
Open-End Fixed Rate 0000
TOTALS 25411,245,462271,785,019


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

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