Credit union
Ignite Credit Union
Battle Creek, Michigan, Calhoun County, MI
$380M in total assets and 29,382 members, the 905th largest of 4,298 US credit unions and 54th of 169 headquartered in Michigan.
- NCUA charter
- 62072
- Charter
- State chartered (MI)
- Chartered
- 1936
- NCUA insured since
- 1974
- Low-income designation
- Yes
At a glance
Compared with 84 federally insured credit unions in Michigan with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $380M | 70% | $256M | |
| Loans | $293M | 79% | $149M | |
| Deposits (shares) | $337M | 70% | $230M | |
| Members | 29,382 | 80% | 17,642 | |
| Return on assets | 0.02% | 2% | 0.95% | |
| Net interest income to assets | 4.41% | 82% | 3.81% | |
| Efficiency ratio | 96.5% | 98% | 75.4% | |
| Net worth ratio | 10.07% | 21% | 11.76% | |
| Loans to shares | 87% | 88% | 71% | |
| Cost of deposits | 1.16% | 43% | 1.20% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 11.6% a year over 10 years and 10.8% a year over the last 5, including 6 mergers in the last 10 years. Membership grew 5.6% a year over 5 years, to 29,382.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Dec 2024 | Latvian Heritage Federal Credit Union Credit union, Grand Rapids, MI | $3M |
| Jul 2024 | Ignite Credit Union Credit union, Grandville, MI | $154M |
| Jan 2020 | BI-County PTC Federal Credit Union Credit union, Warren, MI | $9M |
| Apr 2018 | Tower Family Credit Union Credit union, Kalamazoo, MI | $8M |
| Jan 2018 | Jackson Community Federal Credit Union Credit union, Jackson, MI | $29M |
| Oct 2016 | United Vip Credit Union Credit union, Sterling Height, MI | $15M |
Where they operate
10 branches in 8 counties.
1 of 10 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Allegan County, MI | 2 | 6.2% | 4 of 12 |
| Calhoun County, MI | 2 | 4.4% | 7 of 22 |
| Branch County, MI | 1 | 4.8% | 4 of 10 |
| Jackson County, MI | 1 | 1.7% | 12 of 21 |
| Kalamazoo County, MI | 1 | 1.1% | 22 of 27 |
| Kent County, MI | 1 | 0.4% | 30 of 54 |
| Macomb County, MI | 1 | 0.4% | 24 of 45 |
| Van Buren County, MI | 1 | 4.3% | 6 of 14 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 5 | |
| 2017 | 5 | 0 |
| 2018 | 6 | +1 |
| 2019 | 7 | +1 |
| 2020 | 6 | −1 |
| 2021 | 6 | 0 |
| 2022 | 6 | 0 |
| 2023 | 6 | 0 |
| 2024 | 13 | +7 |
| 2025 | 10 | −3 |
| Jun 2026 | 10 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.08% | 0.67% |
| Net worth ratio | 10.07% | 11.76% |
| Loans to shares | 87% | 71% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Michigan
Most branches in Allegan County, MI
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.