TellerScore

Headquartered in Bruce Crossing, Michigan, Settlers Federal Credit Union is a federal credit union with $37.8M in total assets and $30.2M in member shares and deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1932.

Settlers Federal Credit Union has a TellerScore of 92 out of 100 (very strong) based on Q2 2026 data — higher than 92% of its 2,479 credit unions with under $100 million in assets. Among 169 credit unions headquartered in Michigan, it ranks 10th. Capital cushion contributes the most (100/100, 19.67%); loan quality contributes the least (74/100, 0.79%).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Net worth ratio: 19.67%
Loan quality74/100
Loans 60+ days delinquent ÷ total loans: 0.79%
Earnings100/100
Return on assets (annualized): 2.24%
Funding & liquidity94/100
Loans ÷ shares: 66.4% · 2.5% uninsured
Problem-loan coverage96/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 2.12%

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 4 points (88 → 92), mostly because the loan quality component improved by 18 points.

TellerScore
889397Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202490
Q3 202491
Q4 202495
Q1 202597
Q2 202588
Q3 202592
Q4 202596
Q1 202694
Q2 202692
Net worth ratio
7.00%13.34%19.67%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 202416.54%
Q3 202416.68%
Q4 202417.74%
Q1 202518.36%
Q2 202518.55%
Q3 202518.68%
Q4 202519.47%
Q1 202619.50%
Q2 202619.67%
Delinquent loans (60+ days)
0.34%0.83%1.32%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20241.14%
Q3 20241.02%
Q4 20240.56%
Q1 20250.34%
Q2 20251.32%
Q3 20250.85%
Q4 20250.41%
Q1 20260.59%
Q2 20260.79%
Return on assets
2.12%2.84%3.55%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20242.40%
Q3 20242.42%
Q4 20242.46%
Q1 20252.60%
Q2 20252.19%
Q3 20252.26%
Q4 20252.12%
Q1 20263.55%
Q2 20262.24%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202692$37.8M19.67%0.79%2.24%66.4%
Q1 202694$37.3M19.50%0.59%3.55%63.5%
Q4 202596$36.1M19.47%0.41%2.12%65.5%
Q3 202592$36.7M18.68%0.85%2.26%62.3%
Q2 202588$35.8M18.55%1.32%2.19%62.2%
Q1 202597$35.3M18.36%0.34%2.60%62.0%
Q4 202495$35.2M17.74%0.56%2.46%61.9%
Q3 202491$36.2M16.68%1.02%2.42%59.3%
Q2 202490$35.2M16.54%1.14%2.40%60.3%

2,479 peers · Under $100 million in assets

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 ratio19.67%
76th
Problem loans0.79%
47th
Net charge-offs-0.63%
98th
Return on assets2.24%
96th
Loans to deposits66.4%
39th
Uninsured deposits2.5%
40th
Loan-loss reserves0.00%
37th
Texas ratio2.1%
51st

Similar-size credit unions in Michigan

InstitutionScoreAssetsCapitalProblem loansCompare
Graco Federal Credit UnionCredit union Alma, MI72 out of 100, Strong$38.2M9.7%0.58%vs
Detour Drummond Community Credit UnionCredit union Drummond Island, MI79 out of 100, Strong$38.5M18.1%1.59%vs
Gogebic County Federal Credit UnionCredit union Bessemer, MI92 out of 100, Very strong$38.5M17.2%0.89%vs
Grand Trunk Battle Creek Emp Federal Credit UnionCredit union Battle Creek, MI86 out of 100, Very strong$39.7M20.6%0.72%vs
Alpena Community Credit UnionCredit union Alpena, MI90 out of 100, Very strong$35.6M14.0%0.21%vs
Flagship Community Federal Credit UnionCredit union Port Huron, MI76 out of 100, Strong$34.8M11.2%0.31%vs

Deposit insurance

Is my money safe at Settlers Federal Credit Union?

Yes. Settlers Federal Credit Union is a federally insured credit union (NCUA charter #24793). 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 2.5% of shares and deposits ($744K) are above the $250,000 NCUA insurance limit, close to the peer median of 1%. Insured balances are protected regardless of the score.

The net worth ratio is 19.67%, well above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

2 locations

Branches

Settlers Federal Credit Union lists 2 offices in 2 cities. Most locations:

  • Bruce Crossing, MI (1)
  • Watersmeet, MI (1)

All branch addresses and map

Identity & history

Profile

Legal name
Settlers Federal Credit Union
Type
Federal credit union
NCUA charter #
24793
RSSD ID
826394
Primary regulator
NCUA
Established
1932
Headquarters
Po Box 260, Bruce Crossing, MI 49912
Employees
11

Quick answers

Settlers Federal Credit Union: common questions

Is Settlers Federal Credit Union NCUA insured?

Yes. Settlers Federal Credit Union is a federally insured credit union (NCUA charter #24793). 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 Settlers Federal Credit Union's TellerScore?

92 out of 100 (Very 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 Settlers Federal Credit Union have?

2 offices as of the latest NCUA data.

Nearby

Highest-scoring banks and credit unions with branches near Bruce Crossing

InstitutionScoreAssetsCapitalProblem loansCompare
Lake Superior Credit UnionCredit union Ontonagon, MI96 out of 100, Very strong$11.2M14.3%0.17%vs
Zeal Credit UnionCredit union Livonia, MI83 out of 100, Strong$1.1B19.8%1.50%vs