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Limestone Credit Union

Overview
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Limestone Credit Union is a federal credit union based in Manistique, Michigan. It has been opened since 1954, for 66 years.

With around $45,260,000 in assets, Limestone Credit Union is considered to be an average size credit union.

About
Address 131 River Street
Manistique, Michigan 49854
Website http://WWW.LIMESTONEFEDERAL.COM
Phone (906) 341-5866
Fax (906) 341-6070
CEO Jennifer C. Watson
President of the Board Ronald Provo
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
4,318 members
Membership type: Unknown
Average number of members
233:1
Credit union member to staff ratio
233 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$45,260,872
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 4 in Michigan
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
13.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 4 in Michigan
Average number of branches
Limestone Credit Union Branch Locations

Limestone Credit Union: Main Office
131 River Street
Manistique, Michigan 49854
No ATM
Members
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4,318 members
Membership type: Unknown
Average number of members

With 4,318 members, the Limestone Credit Union is considered to be a medium size credit union. It is larger than 54% of credit unions.

Fees
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$66
Average fee per member
The average fee per member at the Limestone Credit Union is $66, which is high compared to most credit unions. This rate is higher than 64% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Limestone Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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233:1
Credit union member to staff ratio
233 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
18 staff members
FTE (full-time equivalent)
32% of employees are part-time
15 full-time, 7 part-time

Limestone Credit Union has 15 full-time staff members and 7 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 68% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Limestone Credit Union has around 233 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$45,260,872
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
13.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$11,988
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 64% of credit unions.

Limestone Credit Union holds a total of $36,760,000 in loans and leases, which is about $11,988 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Limestone Credit Union pays 0.10%.

Loan rates
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13.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.29%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.65%
New car loan rate
Compared to 4.0% nationally
5.25%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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