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Tandem Credit Union

Overview
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Tandem Credit Union is a federal credit union based in Warren, Michigan. It has been opened since 1941, for 79 years.

With around $21,240,000 in assets, Tandem Credit Union is considered to be an average size credit union.

About
Address 21043 Mound Road
Warren, Michigan 48091
Website http://www.tandemfcu.com
Phone (586) 759-5050
Fax (586) 759-5053
CEO Deirdre Taylor
President of the Board Patricia Swann-Brown
Services Offered
Map
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Score Card
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79 years
Years in business
Opened in 1941
Well Capitalized
Net worth classification
Source: NCUA
3,025 members
Membership type: Community credit union
Average number of members
432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$21,239,943
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
11.60%
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
Tandem Credit Union Branch Locations

Tandem Federal Credit Union
21043 Mound Road
Warren, Michigan 48091
No ATM
Members
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3,025 members
Membership type: Community credit union
Average number of members

With 3,025 members, the Tandem Credit Union is considered to be a medium size credit union. It is larger than 45% of credit unions.

Fees
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$104
Average fee per member
The average fee per member at the Tandem Credit Union is $104, which is very high compared to most credit unions. This rate is higher than 86% 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 Tandem Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
7 staff members
FTE (full-time equivalent)
0% of employees are part-time
7 full-time, 0 part-time

Tandem Credit Union has 7 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Tandem Credit Union has around 432 members per staff, a higher ratio compared to other credit unions.

Assets
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$21,239,943
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.
19.7%
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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$4,196
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 93% of credit unions.

Tandem Credit Union holds a total of $7,790,000 in loans and leases, which is about $4,196 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. Tandem Credit Union pays 0.10%.

Loan rates
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11.60%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.70%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
15.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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6.00%
New car loan rate
Compared to 4.0% nationally
6.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
6.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally