Credit union · NCUA insured
Peninsula Federal Credit Union
Top CarrotA $358.8M credit union headquartered in Escanaba, MI, with 17,793 members and 4 branches in Michigan. Best rates: CDs 4.30% and savings 0.25% APY.
Peninsula Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 81% of U.S. banks and credit unions
#4 of 6 in Escanaba, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Peninsula Federal Credit Union
Founded in 1941 as Escanaba Paper Company Employees Federal Credit Union, Peninsula Federal Credit Union began as an occupational credit union serving local paper mill employees.
After operating under several predecessor names, the credit union adopted a community charter and became Peninsula Federal Credit Union in 2000.
The member-owned credit union serves multiple counties across Michigan and Wisconsin.
- Headquarters
- 2929 3rd Ave N, Escanaba, MI 49829-4203
- NCUA charter
- 4291
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in, or businesses and other legal entities located in Alger, Baraga, Chippewa, Delta, Dickinson, Gogebic, Houghton, Iron, Keweenaw, Luce, Mackinac, Marquette, Menominee, Ontonagon, or Schoolcraft Counties, Michigan; Ashland, Florence, Forest, Iron, Marinette, Oconto, or Vilas Counties, Wisconsin are eligible for membership.
Employers and groups
- Employees of this credit union are eligible for membership.
Family and household
- Members of the immediate family or household are eligible for membership.
Other ways
- Members of record of this credit union as of July 5, 2000, date of conversion to a community field of membership, are eligible.
- Organizations of such eligible persons are eligible for membership.
- Members of record of the River Bay Credit Union as of the effective date of merger are eligible.
3 more ways to join
Other ways
- Spouses of persons who died while within the field of membership of this credit union are eligible.
- Members of record of the Torch Lake Federal Credit Union as of the effective date of merger are eligible.
- Volunteers in the community are eligible for membership.
Cost to join
- Basic membership requirement is to start an account with $5.00, which must remain in the account for as long as you are a member.
Branches
4 branches in Michigan
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Michigan
4 branches
Escanaba area · 2
- Main OfficeMain office2929 3rd Ave N, Escanaba, MI 49829Directions
- Mill Location7126 Co 426 Rd, Escanaba, MI 49829Directions
Houghton area · 1
- Laurium Office400 Hecla St, Laurium, MI 49913Directions
Marinette area · 1
- Menominee Office3700 10th St, Menominee, MI 49858Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.03% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.94% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.74% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $91 | $76 | — |
- CapitalNet worth ratio9.03%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.94%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.74%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$91Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Peninsula Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.