Credit union · NCUA insured
U.P. State Credit Union
Top CarrotA $211.8M credit union headquartered in Escanaba, MI, with 14,213 members and 6 branches in Michigan. Best rates: CDs 4.06% and savings 0.50% APY.
U.P. State Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 95% of U.S. banks and credit unions
#1 of 7 in Sault Ste. Marie, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About U.P. State Credit Union
Founded in 1955 as a small cooperative in Escanaba, U.P. State Credit Union is a 100% member-owned credit union.
Serving Michigan's Upper Peninsula, the credit union operates six local branches across Cedarville, Escanaba, Kincheloe, Norway, St. Ignace, and Sault Ste. Marie.
- Headquarters
- 123 S Lincoln Rd, Escanaba, MI 49829-1339
- NCUA charter
- 62085
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This may be incomplete or out of date, so check with the credit union before you apply.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
- Anyone who lives, works, worships, or attends school in the Upper Peninsula is eligible to join.
Family and household
- Any immediate family members of current UPSCU members are eligible to join.
Cost to join
- A $5 deposit into a share (savings) account is required to establish membership.
Branches
6 branches in Michigan
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Michigan
6 branches
Sault Ste. Marie area · 2
- Kincheloe Branch4868 W M 80, Kincheloe, MI 49788Directions
- Soo Spruce Street branch402 W Spruce St, Sault Ste. Marie, MI 49783Directions
Escanaba area · 1
- Escanaba OfficeMain office123 S Lincoln Rd, Escanaba, MI 49829Directions
Cedarville area · 1
- Cedarville branch507 W M 134, Cedarville, MI 49719Directions
Iron Mountain area · 1
- Norway Branch601 US Highway 2, Norway, MI 49870Directions
St. Ignace area · 1
- St. Ignace branchW366 US Highway 2 W, St. Ignace, MI 49781Directions
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 | 13.17% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.10% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.68% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $76 | $76 | — |
- CapitalNet worth ratio13.17%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.10%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.68%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$76Peers’ 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 U.P. State Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.