Safe Harbor
Safe Harbor is a credit union based in Ludington, Michigan, established in 1952, with $182 million in total assets serving 8,971 members. By Trust Grade it ranks 161st of 170 credit unions we track in Michigan. Its net worth ratio of 9.6% trails most similarly sized credit unions (24th percentile), versus a Michigan median of 11.7%. It posted a loss over the most recent period (-0.15% return on assets), a point to watch. No consumer complaints against Safe Harbor appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Safe Harbor compares to Michigan peers
How we graded Safe Harbor
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.6% capital ratio)
- Unprofitable over the period (ROA -0.15%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Safe Harbor over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Safe Harbor insured?
Yes. Safe Harbor is an NCUA-insured credit union. 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.
Safe Harbor: frequently asked questions
Is Safe Harbor a good credit union?
Safe Harbor earns a Bankzia Trust Grade of B (80/100, "Strong"), based on a financial-strength score of 80/100 (it has no CFPB complaints on record). Well-capitalized (9.6% capital ratio); Unprofitable over the period (ROA -0.15%).
Is Safe Harbor NCUA-insured?
Yes. Safe Harbor is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Safe Harbor?
Safe Harbor holds $182 million in total assets, ranking 161st of 170 credit unions we track in Michigan. It serves 8,971 members.
Does Safe Harbor have CFPB complaints?
No CFPB complaints against Safe Harbor appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA 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.
