Federal credit union · BRUCE CROSSING, Michigan · NCUA charter #24793
SETTLERS
Health score 95/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 95
- Health / 100
- $36.1M
- Total assets
- 3,945
- Members
- 19.5%
- Net-worth ratio
SETTLERS scores 95/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $36.1M; members 3,945; net-worth ratio 19.50%; health rank #317 of 4,374; healthier than 90th of scored peers.
Federal Call Report extract
NCUA 5300 Call Report Masthead
#317 of 4,374 health · 2025Q4SETTLERS · health 95/100 · $36.1M · 2025Q4
Call Report peers
SETTLERS in the assets neighbourhood
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SETTLERS vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); SETTLERS sits in 95-99 with 391 others.
95 Top 10% higher than 90% of 4,374 credit unions
every scored credit union, bucketed by value
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Source NCUA 5300 Call Report aggregates · 2025Q4
Where SETTLERS diverges from peer averages
- Strongest edge vs 1163 $10M–$50M peers is Loan-to-Share Ratio: +5.66 pp (65.46% vs 59.80%).
SETTLERS: in-state Call Report ranks
- In Michigan, health place is #7 of 171 on the same NCUA-ratio sort used nationally.
- Michigan assets place: #147 of 171.
- Michigan membership ordinal: #132 of 171.
- One place up in Michigan, AAC (#6) ties at 95/100; one place down, Kellogg Community (#8) ties at 95/100.
SETTLERS: 2025Q4 → 2026Q1
SETTLERS: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +3.5% from $36.1M (2025Q4) to $37.3M (2026Q1).
- Net-worth ratio shifted +0.03 pp (19.47% → 19.50%).
This credit union's 19.50% net worth ratio clears the 7.0% NCUA well-capitalized threshold set under Prompt Corrective Action rules.
How the 95/100 score is built
SETTLERS gives up 5 points in total. Member Growth costs the most, 3.5 of its 15; Net Worth Ratio and Delinquency Rate and Return on Assets score full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 15.0 pts
- Member Growth 11.5 pts
- Loan-to-Share Ratio 13.5 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 19.50% | +4.64 pp |
| Delinquency Rate | 0.41% | -0.74 pp |
| Return on Assets | 2.40% | +1.69 pp |
| Member Growth | 2.10% | - |
| Loan-to-Share Ratio | 65.46% | +5.66 pp |
Peer averages: $10M–$50M cohort, 1163 credit unions, 2025Q4 filing.
SETTLERS filing history
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $37.3M | - |
| 2025Q4 | $36.1M | 3,945 |
| 2024Q4 | $35.2M | 3,864 |
| 2023Q4 | $34.1M | 3,759 |
Credit Union Details
- Charter Number
- 24793
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $10M–$50M
- State
- Michigan
- City
- BRUCE CROSSING
- Data Quarter
- 2025Q4
Branch Locations (2)
Per its most recent NCUA branch filing, SETTLERS runs 2 offices in 2 different cities.
| Office | City |
|---|---|
| Settlers Federal Credit Union (Main Office) | Bruce Crossing, MI |
| Settlers Federal Credit Union | Watersmeet, MI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Michigan
Other federally-insured credit unions in Michigan, closest first by peer group and asset size.
SETTLERS nationwide neighbourhoods
Using this data
- SETTLERS ranks #317 of 4,374 nationally on financial health and #7 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Alpena Community is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Alpena Community
Frequently Asked Questions
Is SETTLERS financially healthy?
On its 2025Q4 NCUA 5300 filing, SETTLERS scores 95/100 (Excellent), with a 19.50% net worth ratio and 0.41% of loans delinquent. It ranks #317 of 4,374 nationally on health and #7 of 171 in Michigan.
How does SETTLERS compare to other credit unions?
SETTLERS scores 95/100, higher than 90% of the 4,374 scored credit unions. Against the 1163 peers in the $10M–$50M cohort, its widest edge is loan-to-share ratio (65.46% vs 59.80%).
How can I join SETTLERS?
SETTLERS operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact SETTLERS directly for the exact boundaries and application steps.
Is my money safe at SETTLERS?
SETTLERS is a federal credit union; its shares are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. SETTLERS's net worth ratio of 19.50% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.