Central Savings Bank is a bank based in Sault Sainte Marie, Michigan, established in 1902, with $488 million in total assets across 9 branches. By Trust Grade it ranks 43rd of 73 banks we track in Michigan. Its capital ratio of 8.8% trails most similarly sized banks (26th percentile), versus a Michigan median of 9.6%. It was profitable over the most recent period, with a 2.26% return on assets. No consumer complaints against Central Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Central Savings Bank compares to Michigan peers
How we graded Central Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.8% capital ratio)
- Strongly profitable (ROA 2.26%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Central Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (9)
- 18829 S Mackinac Trl, Rudyard, MI 49780
- 109 Elizabeth Street, De Tour, MI 49725
- 4693 W M 80, Kincheloe, MI 49788
- 125 E Harold St, Pickford, MI 49774
- 430 N State St, St. Ignace, MI 49781
- 21 Hoban Street, Mackinac Island, MI 49757
- 143 W M 134, Cedarville, MI 49719
- 3501 I 75 Business Spur, Sault Sainte Marie, MI 49783
- 511 Bingham Ave, Sault Sainte Marie, MI 49783
Are deposits at Central Savings Bank insured?
Yes. Central Savings Bank is an FDIC-insured bank (FDIC certificate #1095). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Central Savings Bank: frequently asked questions
Is Central Savings Bank a good bank?
Central Savings Bank earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Well-capitalized (8.8% capital ratio); Strongly profitable (ROA 2.26%).
Is Central Savings Bank FDIC-insured?
Yes. Central Savings Bank is a FDIC-insured bank (FDIC certificate #1095). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Central Savings Bank?
Central Savings Bank holds $488 million in total assets, ranking 43rd of 73 banks we track in Michigan. It operates 9 branches.
Does Central Savings Bank have CFPB complaints?
No CFPB complaints against Central Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
