Settlers Federal Credit Union

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A short history of Settlers FCU

Since its inception in 1932 the Settlers Federal Credit Union has been serving its members in the BRUCE CROSSING, 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 Lisa Lindberg, the Settlers FCU has grown its membership to over 3,467 with assets of more than $24,931,375. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (906) 827-3240 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 BRUCE CROSSING, MI.

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

Charter Number 24793
Address PO BOX 260 
State Michigan 
Zip-Code 49912
Phone Number (906) 827-3240
Fax Number (906) 827-3260
Email Address:
CEO/President Lisa Lindberg
Members 3,467 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 24,931,375 

Compare Settlers Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Lake Superior CU Lake Superior Credit Union 801 River St 49953 (906) 884-2069 No 25.94

Settlers Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Settlers 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 8.00 5.20 8.40 7.00 7.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 91 418 656 438 431
Rank Among All Michigan Credit Unions 13 111 130 104 84

Settlers Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.50 0.55 0.90 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 116 66 55 190 158
Rank Among All Michigan Credit Unions 13 5 7 39 26
Settlers Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.0006291,271,193
All Other Unsecured Loans/Lines of Credit 7.3001,3584,117,305
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.20012285,451
Used Vehicle Loans 8.4004514,985,362
Total 1st Mortgage Real Estate Loans/Lines of Credit 7.0001093,345,805
Total Other Real Estate Loans/Lines of Credit 7.0003157,096
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 9.9001451,640,956
TOTAL LOANS & LEASES 2,70715,803,168

Settlers Federal 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 0000
    b. 15 Years or less 553,61900
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1043,292,1864163,400
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 3157,09600
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 1123,502,9014163,400


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

Settlers Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
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