Tahquamenon Area Credit Union

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A short history of Tahquamenon Area CU

Since its inception in 1955 the Tahquamenon Area Credit Union has been serving its members in the NEWBERRY, 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 Ruben Ison, the Tahquamenon Area CU has grown its membership to over 6,514 with assets of more than $63,996,180. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (906) 293-5117 or email them at admin@tacumi.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in NEWBERRY, MI.

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

Charter Number 60423
Address PO BOX 485 
State Michigan 
Zip-Code 49868
Phone Number (906) 293-5117
Fax Number () -
Email Address: admin@tacumi.com
CEO/President Ruben Ison
Members 6,514 
Full-Time Employees 28 
Part-Time Employees
Number of Branch Offices
Total Assets 63,996,180 
Website http://WWW.TACUMI.COM 

Compare Tahquamenon Area Credit Union To Other Local Credit Unions

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Tahquamenon Area Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Tahquamenon Area 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 11.90 2.95 2.95 5.20 5.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 406 139 88 291 260
Rank Among All Michigan Credit Unions 71 37 22 85 54

Tahquamenon Area Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.10 0.41 0.45
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 134 280 234
Rank Among All Michigan Credit Unions 15 19 30 63 51
Tahquamenon Area Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.900665459,307
All Other Unsecured Loans/Lines of Credit 10.9008253,142,141
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.950971,885,227
Used Vehicle Loans 2.9504113,255,181
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.20027410,825,740
Total Other Real Estate Loans/Lines of Credit 5.25026361,520
Leases Receivable 3.250142,223
Total All Other Loans/Lines of Credit 9.9002722,237,448
TOTAL LOANS & LEASES 2,57122,208,787

Tahquamenon Area 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 2206,36600
    b. 15 Years or less 781,885,0545101,473
    a. > 15 years 0000
    b. 15 Years or less 1948,734,320221,126,063
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 876,33200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 18285,18800
Open-End Fixed Rate 0000
TOTALS 30011,187,260271,227,536


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

Tahquamenon Area Credit Union Member Offerings
First Time Homebuyer Program No
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