Settlers
Settlers is a credit union based in Bruce Crossing, Michigan, established in 1932, with $37 million in total assets serving 3,965 members. By Trust Grade it ranks 17th of 170 credit unions we track in Michigan. Its net worth ratio of 19.5% is stronger than 76% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 3.55% return on assets. No consumer complaints against Settlers appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Settlers compares to Michigan peers
How we graded Settlers
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (19.5% capital ratio)
- Strongly profitable (ROA 3.55%)
- No CFPB complaints on record
The Trust Grade is Bankzia’s independent, documented opinion computed from public FDIC/NCUA/CFPB data — not an official rating, and not a statement about the safety of insured deposits. Report a data error or dispute this grade →
Consumer complaints (CFPB)
No CFPB complaints are on file for Settlers over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Settlers insured?
Yes. Settlers 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.
Settlers: frequently asked questions
Is Settlers a good credit union?
Settlers earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (19.5% capital ratio); Strongly profitable (ROA 3.55%).
Is Settlers NCUA-insured?
Yes. Settlers 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 Settlers?
Settlers holds $37 million in total assets, ranking 17th of 170 credit unions we track in Michigan. It serves 3,965 members.
Does Settlers have CFPB complaints?
No CFPB complaints against Settlers 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.
