TellerScore

Michigan Legacy Credit Union (NCUA charter #62642) is based in Wyandotte, Michigan. Its Q2 2026 call report shows $226.8M in total assets and $198.5M in member shares and deposits and 3 offices.

Based on its Q2 2026 filing, Michigan Legacy Credit Union scores 75/100, which we describe as strong. That is higher than 66% of 1,341 credit unions with $100 million – $1 billion. Among 169 credit unions headquartered in Michigan, it ranks 72nd. Its strongest component is problem-loan coverage (96/100; 2.2%), and its lowest is earnings (41/100; 0.52%).

TellerScore · Q2 2026

Scorecard

Capital cushion74/100
Net worth ratio: 12.45%
Loan quality85/100
Loans 60+ days delinquent ÷ total loans: 0.46%
Earnings41/100
Return on assets (annualized): 0.52%
Funding & liquidity93/100
Loans ÷ shares: 67.6% · 4.4% uninsured
Problem-loan coverage96/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 2.20%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 8 points (67 → 75), mostly because the loan quality component improved by 16 points.

TellerScore
677175Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202472
Q3 202472
Q4 202475
Q1 202568
Q2 202567
Q3 202574
Q4 202572
Q1 202674
Q2 202675
Net worth ratio
7.00%9.99%12.98%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 202412.14%
Q3 202412.58%
Q4 202412.76%
Q1 202512.32%
Q2 202512.31%
Q3 202512.89%
Q4 202512.98%
Q1 202612.52%
Q2 202612.45%
Delinquent loans (60+ days)
0.46%0.70%0.94%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20240.62%
Q3 20240.79%
Q4 20240.60%
Q1 20250.71%
Q2 20250.94%
Q3 20250.70%
Q4 20250.71%
Q1 20260.62%
Q2 20260.46%
Return on assets
0.16%0.47%0.78%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.78%
Q3 20240.74%
Q4 20240.68%
Q1 20250.21%
Q2 20250.16%
Q3 20250.56%
Q4 20250.44%
Q1 20260.66%
Q2 20260.52%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202675$226.8M12.45%0.46%0.52%67.6%
Q1 202674$223.6M12.52%0.62%0.66%70.1%
Q4 202572$213.0M12.98%0.71%0.44%77.3%
Q3 202574$214.4M12.89%0.70%0.56%72.8%
Q2 202567$218.7M12.31%0.94%0.16%73.0%
Q1 202568$217.9M12.32%0.71%0.21%75.3%
Q4 202475$209.5M12.76%0.60%0.68%78.6%
Q3 202472$210.8M12.58%0.79%0.74%82.1%
Q2 202472$215.6M12.14%0.62%0.78%81.6%

1,341 peers · $100 million – $1 billion

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio12.45%
63rd
Problem loans0.46%
69th
Net charge-offs0.68%
21st
Return on assets0.52%
32nd
Loans to deposits67.6%
66th
Uninsured deposits4.4%
67th
Loan-loss reserves0.00%
50th
Texas ratio2.2%
73rd

Similar-size credit unions in Michigan

InstitutionScoreAssetsCapitalProblem loansCompare
Isabella Community Credit UnionCredit union MT Pleasant, MI69 out of 100, Moderate$222.2M10.1%1.14%vs
Parda Federal Credit UnionCredit union Auburn Hills, MI75 out of 100, Strong$217.4M13.7%0.75%vs
Michigan One Community Credit UnionCredit union Ionia, MI68 out of 100, Moderate$240.2M10.2%0.68%vs
Aac Credit UnionCredit union Grand Rapids, MI90 out of 100, Very strong$212.4M24.2%0.36%vs
U.P. State Credit UnionCredit union Escanaba, MI79 out of 100, Strong$210.3M13.2%1.10%vs
Chief Financial Federal Credit UnionCredit union Rochester Hills, MI65 out of 100, Moderate$249.7M9.9%0.57%vs

Deposit insurance

Is my money safe at Michigan Legacy Credit Union?

Yes. Michigan Legacy Credit Union is a federally insured credit union (NCUA charter #62642). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 4.4% of shares and deposits ($8.7M) are above the $250,000 NCUA insurance limit, close to the peer median of 6%. Insured balances are protected regardless of the score.

The net worth ratio is 12.45%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

3 locations

Branches

Michigan Legacy Credit Union lists 3 offices in 3 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Michigan Legacy Credit Union reported 172 home-loan applications under HMDA (LEI 549300GKFM8W0GQXCQ93): 110 originated ($21,260,000 total), 34 denied, and 27 withdrawn or closed by the applicant. Its denial rate on decided applications was 23.4%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Michigan Legacy Credit Union
Type
Federally insured state-chartered credit union
NCUA charter #
62642
RSSD ID
795995
Primary regulator
State + NCUA
Established
1946
Headquarters
269 Oak St., Wyandotte, MI 48192
Employees
63

Quick answers

Michigan Legacy Credit Union: common questions

Is Michigan Legacy Credit Union NCUA insured?

Yes. Michigan Legacy Credit Union is a federally insured credit union (NCUA charter #62642). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is Michigan Legacy Credit Union's TellerScore?

75 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does Michigan Legacy Credit Union have?

3 offices as of the latest NCUA data.

Nearby

Highest-scoring banks and credit unions with branches near Wyandotte

InstitutionScoreAssetsCapitalProblem loansCompare
Total Community Credit UnionCredit union Taylor, MI97 out of 100, Very strong$111.3M15.3%0.36%vs
JPMorgan Chase Bank, DearbornBank Dearborn, MI94 out of 100, Very strong$71.5M99.6%0.00%vs
I.M. Detroit District Credit UnionCredit union Detroit, MI93 out of 100, Very strong$1.9M28.1%0.00%vs
Electrical Workers Local 58 Credit UnionCredit union Detroit, MI90 out of 100, Very strong$21.4M12.2%0.09%vs
Zeal Credit UnionCredit union Livonia, MI83 out of 100, Strong$1.1B19.8%1.50%vs
Wayne-Westland Federal Credit UnionCredit union Westland, MI83 out of 100, Strong$161.2M11.3%0.47%vs