Thunder Bay Area Credit Union

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A short history of Thunder Bay Area CU

Since its inception in 1958 the Thunder Bay Area 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 Nick Montie, the Thunder Bay Area CU has grown its membership to over 2,915 with assets of more than $24,530,617. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (989) 354-2850 or email them at thunderbaycu@chartermi.net 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 Thunder Bay Area CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62222
Address 417 W. CHISHOLM ST. 
City ALPENA 
State Michigan 
Zip-Code 49707
Phone Number (989) 354-2850
Fax Number (989) 356-6891
Email Address: thunderbaycu@chartermi.net
CEO/President Nick Montie
Members 2,915 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 24,530,617 
Website http://thunderbaycu.org 

Compare Thunder Bay Area Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Besser CU Besser Credit Union 1381 N Bagley St 49707 (989) 356-1880 No 0.65
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
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

Thunder Bay Area Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Thunder Bay 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 9.74 3.09 3.38 3.69 6.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 226 155 133 93 391
Rank Among All Michigan Credit Unions 33 43 33 16 78

Thunder Bay 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 N/A 0.40
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 N/A 243
Rank Among All Michigan Credit Unions 15 19 30 N/A 53
Thunder Bay Area Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.740662933,230
All Other Unsecured Loans/Lines of Credit 7.050408863,100
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.090631,191,912
Used Vehicle Loans 3.3804434,926,032
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.6901026,287,610
Total Other Real Estate Loans/Lines of Credit 6.500246,294
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.6301361,552,714
TOTAL LOANS & LEASES 1,81615,800,892

Thunder Bay Area 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 834,470,9978476,000
Balloon/Hybrid
    a. > 15 years 1211,38600
    b. 15 Years or less 181,605,2271249,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 246,29400
Open-End Fixed Rate 0000
TOTALS 1046,333,9049725,000

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

Thunder Bay Area 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