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Embers Credit Union

Full company profile

uuid000cf5n

Namestring
Embers Credit Union
Legal namestring
Embers Credit Union
Websiteurl
embers.org
Company typeenum
Private
Founded yearint
1953
Descriptiontext

Embers Credit Union is a member-owned financial cooperative headquartered in Marquette, Michigan, serving individuals, families, and small-to-medium businesses across the Upper Peninsula of Michigan and the bordering Wisconsin counties of Iron, Vilas, Forest, Florence, and Marinette. Founded in 1953 as St. Peter Cathedral Credit Union and rebranded to its current name in 2018, the institution has grown through organic expansion and two mergers (Upper Michigan Community Credit Union in 2019 and Delta County Credit Union in 2020) to $566.5M in assets, 32,000+ members, and seven retail branches staffed by approximately 140 team members as of March 31, 2025.

The credit union operates a hybrid physical-and-digital distribution model: seven branch locations with lobby and drive-thru service, complemented by an online and mobile banking platform supporting mobile deposit, Zelle peer-to-peer payments, Bill Pay, account opening, and Timetrade-enabled in-person/phone/video appointment booking. Its product portfolio spans Rewards Checking (up to 3.04% APY), tiered savings (Money Maker up to 1.26% APY), Certificates (up to 3.90% APY), IRAs (3.05% APY), Health Savings Accounts, credit cards (12.90% APR floor, 2% cash back on gas), and lending products including auto (4.75-6.70% APR), personal (10-13% APR), recreational (5.25-7.25% APR), home equity, and mortgage loans (promotional 5.95% rate). Investment and retirement services are delivered through a partnership with LPL Financial rather than a captive broker-dealer.

Revenue mechanics are conventional for a community credit union: net interest margin on the loan portfolio (mortgage, auto, consumer, commercial) is the primary driver, supplemented by transaction fees (wire transfer, stop payment, overdraft), service charges, interchange, and treasury management fees (Remote Deposit Capture, ACH origination, Positive Pay, payroll, merchant services). The institution is NCUA-insured, holds an NMLS mortgage license (#401812), and is an Equal Housing Opportunity lender, with member-owned cooperative governance in lieu of external equity.

Short descriptiontext

Embers Credit Union is a member-owned cooperative bank headquartered in Marquette, Michigan, serving 32,000+ consumers and small businesses across the Upper Peninsula and bordering Wisconsin counties through seven branches and a digital banking platform offering deposits, consumer and commercial loans, mortgages, and credit cards.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersMarquette, United States
HQ citystring
Marquette
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices8 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
retail banking services, consumer lending, mortgage lending, business banking, credit union services
Industry2 codes
1Community Credit Unions (Retail/Consumer Focus)
CodeFSABAEAAPrimaryYes
2Bank & Credit Union Personal Loans (Unsecured Installment)
CodeFSAKAAALPrimaryNo
NAICS code1 code
  • Credit Unions522130
SIC code1 code
  • Personal Credit Institutions6141
Product category
Retail / Community Banking
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1Interest Income from Loans
TypeSubscription Recurring
Description

Primary revenue stream from interest charged on mortgage loans, auto loans, personal loans, recreational loans, credit cards, and business loans. Variable and fixed rate products across consumer and commercial segments.

embers.org
2Fee-based Income
TypeTransaction Fee
Description

Various service fees including wire transfer fees ($20 domestic, $40 international), stop payment fees ($20), overdraft/courtesy pay fees, and other account service charges.

embers.org
3Share/Dividend Income
TypeSubscription Recurring
Description

As a credit union, deposits from members (shares) generate income that is used to fund loans and operations, with dividends paid back to members.

embers.org
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Pricing details8 tiers
1Fire Rewards Checking - 3.04% APY on balances up to $10,000
ModelSubscriptionBilling cadenceMonthly
Notes

Earn 3.04% APY on balances up to $10,000 when monthly qualifications are met (10 non-PIN purchases, eStatements enrollment, digital banking login, direct deposit). $10 ATM fee refunds/month. 0.01% APY if qualifications not met.

open.embers.org
2Certificate of Deposit rates from 3.65% to 3.90% APY
ModelUnit PricingBilling cadenceAnnual
Notes

6 Month: 3.90% APY; 12 Month: 3.75% APY; 18 Month: 3.75% APY; 24 Month: 3.75% APY; 36 Month: 3.65% APY; 48 Month: 3.75% APY; 60 Month: 3.75% APY. Minimum $1,000 opening deposit.

google.com
3Money Maker savings - up to 1.26% APY
ModelSubscriptionBilling cadenceMonthly
Notes

Balances $100-$2,499.99: 0.25% APY; $2,500-$9,999.99: 0.25% APY; $10,000-$24,999.99: 0.50% APY; $25,000-$49,999.99: 0.50% APY; $50,000-$249,999.99: 0.80% APY; $250,000+: 1.26% APY. $100 minimum to earn interest.

google.com
4IRA Accounts - 3.05% APY
ModelSubscriptionBilling cadenceMonthly
Notes

IRA accounts earning 3.05% APY on balances from $0.01 and up. Dividends paid monthly.

google.com
5Auto Loan rates from 4.75% to 6.70% APR
ModelUnit PricingBilling cadenceMonthly
Notes

New Autos: 36 months 4.75%, 48 months 4.75%, 60 months 5.25%, 72 months 5.30%, 84 months 6.70%. Rates before discounts and subject to credit score and LTV adjustments.

google.com
6Personal Loan rates from 10.00% to 13.00% APR
ModelUnit PricingBilling cadenceMonthly
Notes

Signature Loan $500-$5,000: 12 months 10.00%, 24 months 11.00%, 36 months 12.00%, 48 months 13.00%. Share Secured 36 months: 4.25%.

google.com
7Credit Card rates starting at 12.90% APR
ModelSubscriptionBilling cadenceMonthly
Notes

Consumer credit cards as low as 12.90% APR; Business as low as 12.99% APR. No annual fees.

google.com
8Limited-time Mortgage Rate - 5.95%
ModelSubscriptionBilling cadenceMonthly
Notes

Limited-time 5.95% rate on select mortgage options. APR starts at 6.082% for 30-year term. Actual rate based on borrower credit profile. NMLS# 401812.

embers.org
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Brand1 record
1Embers Investment and Retirement Services
Description

Financial advisory and investment services offered through LPL Financial for IRAs, life insurance, retirement planning, mutual funds, stocks, bonds, and managed accounts.

embers.org
Core offering1 text field

Embers Credit Union is a member-owned financial cooperative that provides retail deposit products (checking, savings, money market, certificates, IRAs, HSAs), consumer lending (mortgages, home equity, auto, personal, recreational, credit cards), commercial lending and treasury management services (business loans, business accounts, Remote Deposit Capture, ACH origination, wires, merchant services), and investment/retirement advisory through a partnership with LPL Financial. Members are served through 7 branch locations in Michigan's Upper Peninsula combined with a digital banking platform, mobile app, and 100,000+ fee-free ATM access points.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • $2,500 in down payment or closing cost assistance available through Freddie Mac BorrowSmart program
+3 more records
Product overview1 text field

Embers Credit Union offers a comprehensive suite of financial products and services centered on traditional banking. The core portfolio includes deposit products (Rewards Checking with up to 3.04% APY, Savings, Certificates with up to 3.90% APY, IRAs, and Health Savings Accounts) and lending products (Credit Cards with 2% gas cash back, Auto Loans, Personal Loans, Recreational Loans, and Home Loans including mortgages and home equity products). Business services encompass Business Lending, Business Accounts, and Treasury Management with Remote Deposit Capture, Payroll Service, ACH Origination, Wire Transfers, and Merchant Services. The Digital Banking platform provides online and mobile access with Zelle P2P payments. Investment and retirement services are offered through an LPL Financial partnership. The institution serves members across the Upper Peninsula of Michigan with seven branch locations.

Product and service16 records
1Rewards Checking (Fire Checking)
CategoryDeposit / Checking
Description

High-yield checking account offering up to 3.04% APY on balances up to $10,000 when monthly qualifications are met (10 non-PIN debit purchases, eStatements enrollment, digital banking login, direct deposit), with up to $10 in ATM fee refunds per month and early direct deposit access. Falls to 0.01% APY if qualifications are not met. For consumer members.

2Basic Checking
CategoryDeposit / Checking
Description

Standard checking account with no monthly fee, overdraft protection, and Bill Pay functionality. For consumer members seeking a low-cost everyday checking account.

3Savings Accounts
CategoryDeposit / Savings
Description

Basic savings accounts including Membership Savings (0.10% APY) and Side Savings for specific goals such as holidays or vacations. For consumer members.

4Money Maker Savings
CategoryDeposit / Savings
Description

High-yield savings account earning up to 1.26% APY with tiered rates by balance ($100-$2,499.99: 0.25%; up to $250,000+: 1.26%), no monthly fee, $100 minimum to earn interest. For consumer members building savings.

5Certificate of Deposit
CategoryDeposit / Certificate
Description

Term savings certificates earning up to 3.90% APY with terms from 6 to 60 months and monthly dividend payments (6M 3.90%, 12M 3.75%, 18M 3.75%, 24M 3.75%, 36M 3.65%, 48M 3.75%, 60M 3.75%). $1,000 minimum opening deposit. For consumer members.

6IRA Accounts
CategoryDeposit / Retirement
Description

Individual Retirement Accounts earning 3.05% APY, available in Traditional and Roth variants, with dividends paid monthly. For consumer members saving for retirement with tax advantages.

7Health Savings Account
CategoryDeposit / Health Savings
Description

Tax-advantaged health savings account for individuals with high-deductible health plans, earning 1.26% APY for Individual and Family coverage. For consumer members.

8Credit Cards
CategoryLending / Credit Card
Description

Rewards credit card offering unlimited 2% cash back on gas purchases and 1% on all other purchases, with no annual fees and rates starting at 12.90% APR (consumer) and 12.99% APR (business). For consumer and business members.

9Auto Loans
CategoryLending / Consumer Auto
Description

Financing for new and used vehicles with rates from 4.75% to 6.70% APR depending on term (36-84 months), including leasing alternatives. For consumer members purchasing vehicles (4K+ autos currently financed).

10Personal Loans
CategoryLending / Personal
Description

Signature loans from $500 to $5,000 with rates from 10.00% to 13.00% APR by term (12-48 months), a Share Secured 36-month option at 4.25%, and a Signature Line of Credit at 8.50% APR. For consumer members.

11Recreational Loans
CategoryLending / Recreational
Description

Financing for recreational vehicles including boats, snowmobiles, ATVs, dirt bikes, campers, and motor homes with rates from 5.25% to 7.25% APR (3K+ recreational vehicles currently financed). For consumer members.

12Home Loans
CategoryLending / Mortgage
Description

Comprehensive mortgage products including home purchasing, refinancing, home equity loans, home equity lines of credit, and construction loans with fixed-rate terms up to 30 years. Limited-time 5.95% rate on select mortgage options (APR starts at 6.082% for 30-year term; NMLS# 401812). For consumer members (2.5K+ trusted homeowners financed).

13Business Lending
CategoryLending / Commercial
Description

Commercial loans and credit facilities for Upper Peninsula businesses including commercial real estate financing, working capital, and equipment loans, with locally funded decisions by experienced commercial relationship managers. For SMB owners in the UP (400+ UP businesses financed).

14Business Accounts
CategoryDeposit / Business
Description

Business checking and savings accounts designed for small businesses and commercial members with tailored features and services. For SMB owners in the UP.

15Treasury Management
CategoryBusiness Banking / Treasury
Description

Business cash management services including Remote Deposit Capture, Payroll Service, ACH Origination, Wire Transfers, Fraud Prevention (Positive Pay), and Merchant Services for card payments. For SMB owners in the UP.

16Financial Planning (Investment and Retirement Services)
CategoryWealth Management / Advisory
Description

Investment and retirement planning services offered through a partnership with LPL Financial (registered investment advisor and broker-dealer; member FINRA/SIPC), including IRAs, life insurance, mutual funds, stocks, bonds, managed accounts, and retirement services. For consumer members seeking wealth management.

Scale indicator14 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Securities and advisory services partnership through Embers Investment and Retirement Services. LPL Financial is a registered investment advisor and broker-dealer (member FINRA/SIPC). Financial professionals offer IRAs, life insurance, retirement services, mutual funds, stocks, bonds, and managed accounts through this partnership.

Strategic tierCoreTypeTechnology or Integration
Description

Processing partner for incoming and outgoing wire transfers. Routing #272478075 at 184 Shuman Blvd #400, Naperville, IL 60563. Handles wire transfer processing for the credit union.

Strategic tierCoreTypeTechnology or Integration
Description

Peer-to-peer payment integration enabling instant money transfers between bank accounts. Available through Embers mobile app for sending money to friends, family, and small businesses with typically no fees.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Financial planning and investment services partner offering IRAs, life insurance, retirement services, mutual funds, stocks, bonds, and managed accounts through Embers Investment and Retirement Services.

Strategic tierMinorTypeGTM or Marketing Partner
Description

BorrowSmart program partnership offering up to $2,500 in down payment or closing cost assistance for qualified home buyers.

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeRegional player
Description

A Marquette-based CDFI serving Michigan's Upper Peninsula, directly comparable to Embers in geographic footprint, community-development mission, and small-business/consumer credit offering in the same UP region.

TypeDirect peer
Description

A large Michigan community credit union offering full banking, lending, and digital services to similar retail and small-business segments, making it a useful scale benchmark for Embers' growth trajectory.

TypeDirect peer
Description

Michigan-based community credit union with comparable deposit, lending, and digital banking products serving consumer and small-business members across the state.

TypeDirect peer
Description

Michigan-based community credit union offering checking, savings, lending, and digital banking, similar in membership-based cooperative structure to Embers.

TypeRegional player
Description

Wisconsin-headquartered community bank serving the UP border counties Embers recently expanded into; a direct competitor for Wisconsin deposit and small-business relationships.

TypeRegional player
Description

Bank headquartered and operating across the Upper Peninsula, providing direct competition to Embers for retail deposits, mortgages, and small-business banking in the same geography.

TypeRegional player
Description

Michigan community bank serving small and midsize businesses and consumers, comparable in scale and product breadth to Embers' UP footprint.

TypeBroad incumbent
Description

Large regional bank with a footprint that overlaps the UP border regions; competes directly on deposit products, mortgages, and small-business treasury services.

TypeBroad incumbent
Description

Michigan's largest credit union, offering a full retail and commercial banking suite; serves as a relevant scale and digital-benchmarking peer for Embers.

TypeBroad incumbent
Description

Midwest community credit union with comparable deposit, lending, and digital banking products, comparable as a community cooperative peer for benchmarking product breadth.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration7 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles10 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Embers Credit Union

Retail / Community Bankingembers.org

Embers Credit Union is a member-owned cooperative bank headquartered in Marquette, Michigan, serving 32,000+ consumers and small businesses across the Upper Peninsula and bordering Wisconsin counties through seven branches and a digital banking platform offering deposits, consumer and commercial loans, mortgages, and credit cards.

What Embers Credit Union does

Embers Credit Union is a member-owned financial cooperative headquartered in Marquette, Michigan, serving individuals, families, and small-to-medium businesses across the Upper Peninsula of Michigan and the bordering Wisconsin counties of Iron, Vilas, Forest, Florence, and Marinette. Founded in 1953 as St. Peter Cathedral Credit Union and rebranded to its current name in 2018, the institution has grown through organic expansion and two mergers (Upper Michigan Community Credit Union in 2019 and Delta County Credit Union in 2020) to $566.5M in assets, 32,000+ members, and seven retail branches staffed by approximately 140 team members as of March 31, 2025.

The credit union operates a hybrid physical-and-digital distribution model: seven branch locations with lobby and drive-thru service, complemented by an online and mobile banking platform supporting mobile deposit, Zelle peer-to-peer payments, Bill Pay, account opening, and Timetrade-enabled in-person/phone/video appointment booking. Its product portfolio spans Rewards Checking (up to 3.04% APY), tiered savings (Money Maker up to 1.26% APY), Certificates (up to 3.90% APY), IRAs (3.05% APY), Health Savings Accounts, credit cards (12.90% APR floor, 2% cash back on gas), and lending products including auto (4.75-6.70% APR), personal (10-13% APR), recreational (5.25-7.25% APR), home equity, and mortgage loans (promotional 5.95% rate). Investment and retirement services are delivered through a partnership with LPL Financial rather than a captive broker-dealer.

Revenue mechanics are conventional for a community credit union: net interest margin on the loan portfolio (mortgage, auto, consumer, commercial) is the primary driver, supplemented by transaction fees (wire transfer, stop payment, overdraft), service charges, interchange, and treasury management fees (Remote Deposit Capture, ACH origination, Positive Pay, payroll, merchant services). The institution is NCUA-insured, holds an NMLS mortgage license (#401812), and is an Equal Housing Opportunity lender, with member-owned cooperative governance in lieu of external equity.

Embers Credit Union firmographics

Firmographics
Name
Embers Credit Union
Legal name
Embers Credit Union
Website
https://embers.org
Company type
Private
Founded year
1953
Operating status
Operating
Headcount range
51–100 employees
Short description
Embers Credit Union is a member-owned cooperative bank headquartered in Marquette, Michigan, serving 32,000+ consumers and small businesses across the Upper Peninsula and bordering Wisconsin counties through seven branches and a digital banking platform offering deposits, consumer and commercial loans, mortgages, and credit cards.
Ownership category
akta.pro rank

Embers Credit Union industry classification

Industry
Product category
Retail / Community Banking
NAICS
Credit Unions (522130)
SIC
Personal Credit Institutions (6141)
akta.pro primary industry
Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
akta.pro secondary industry
Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

  • Retail banking services
  • Consumer lending
  • Mortgage lending
  • Business banking
  • Credit union services

Where Embers Credit Union is headquartered

Location

Headquarters

HQ city
Marquette
HQ country
United States
HQ region
North America

Offices8 records

Markets served

Embers Credit Union business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

  1. Interest Income from Loans: Primary revenue stream from interest charged on mortgage loans, auto loans, personal loans, recreational loans, credit cards, and business loans. Variable and fixed rate products across consumer and commercial segments.
  2. Fee-based Income: Various service fees including wire transfer fees ($20 domestic, $40 international), stop payment fees ($20), overdraft/courtesy pay fees, and other account service charges.
  3. Share/Dividend Income: As a credit union, deposits from members (shares) generate income that is used to fund loans and operations, with dividends paid back to members.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyFire Rewards Checking - 3.04% APY on balances up to $10,000
Unit PricingAnnualCertificate of Deposit rates from 3.65% to 3.90% APY
SubscriptionMonthlyMoney Maker savings - up to 1.26% APY
SubscriptionMonthlyIRA Accounts - 3.05% APY
Unit PricingMonthlyAuto Loan rates from 4.75% to 6.70% APR
Unit PricingMonthlyPersonal Loan rates from 10.00% to 13.00% APR
SubscriptionMonthlyCredit Card rates starting at 12.90% APR
SubscriptionMonthlyLimited-time Mortgage Rate - 5.95%

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Embers Credit Union product offering

Product offering

Core offering

Embers Credit Union is a member-owned financial cooperative that provides retail deposit products (checking, savings, money market, certificates, IRAs, HSAs), consumer lending (mortgages, home equity, auto, personal, recreational, credit cards), commercial lending and treasury management services (business loans, business accounts, Remote Deposit Capture, ACH origination, wires, merchant services), and investment/retirement advisory through a partnership with LPL Financial. Members are served through 7 branch locations in Michigan's Upper Peninsula combined with a digital banking platform, mobile app, and 100,000+ fee-free ATM access points.

Product overview

Embers Credit Union offers a comprehensive suite of financial products and services centered on traditional banking. The core portfolio includes deposit products (Rewards Checking with up to 3.04% APY, Savings, Certificates with up to 3.90% APY, IRAs, and Health Savings Accounts) and lending products (Credit Cards with 2% gas cash back, Auto Loans, Personal Loans, Recreational Loans, and Home Loans including mortgages and home equity products). Business services encompass Business Lending, Business Accounts, and Treasury Management with Remote Deposit Capture, Payroll Service, ACH Origination, Wire Transfers, and Merchant Services. The Digital Banking platform provides online and mobile access with Zelle P2P payments. Investment and retirement services are offered through an LPL Financial partnership. The institution serves members across the Upper Peninsula of Michigan with seven branch locations.

Differentiator

Problem solved

Functional benefit

Brands

  • Embers Investment and Retirement Services: Financial advisory and investment services offered through LPL Financial for IRAs, life insurance, retirement planning, mutual funds, stocks, bonds, and managed accounts.

Products and services

  • Rewards Checking (Fire Checking) High-yield checking account offering up to 3.04% APY on balances up to $10,000 when monthly qualifications are met (10 non-PIN debit purchases, eStatements enrollment, digital banking login, direct deposit), with up to $10 in ATM fee refunds per month and early direct deposit access. Falls to 0.01% APY if qualifications are not met. For consumer members.
  • Basic Checking Standard checking account with no monthly fee, overdraft protection, and Bill Pay functionality. For consumer members seeking a low-cost everyday checking account.
  • Savings Accounts Basic savings accounts including Membership Savings (0.10% APY) and Side Savings for specific goals such as holidays or vacations. For consumer members.
  • Money Maker Savings High-yield savings account earning up to 1.26% APY with tiered rates by balance ($100-$2,499.99: 0.25%; up to $250,000+: 1.26%), no monthly fee, $100 minimum to earn interest. For consumer members building savings.
  • Certificate of Deposit Term savings certificates earning up to 3.90% APY with terms from 6 to 60 months and monthly dividend payments (6M 3.90%, 12M 3.75%, 18M 3.75%, 24M 3.75%, 36M 3.65%, 48M 3.75%, 60M 3.75%). $1,000 minimum opening deposit. For consumer members.
  • IRA Accounts Individual Retirement Accounts earning 3.05% APY, available in Traditional and Roth variants, with dividends paid monthly. For consumer members saving for retirement with tax advantages.
  • Health Savings Account Tax-advantaged health savings account for individuals with high-deductible health plans, earning 1.26% APY for Individual and Family coverage. For consumer members.
  • Credit Cards Rewards credit card offering unlimited 2% cash back on gas purchases and 1% on all other purchases, with no annual fees and rates starting at 12.90% APR (consumer) and 12.99% APR (business). For consumer and business members.
  • Auto Loans Financing for new and used vehicles with rates from 4.75% to 6.70% APR depending on term (36-84 months), including leasing alternatives. For consumer members purchasing vehicles (4K+ autos currently financed).
  • Personal Loans Signature loans from $500 to $5,000 with rates from 10.00% to 13.00% APR by term (12-48 months), a Share Secured 36-month option at 4.25%, and a Signature Line of Credit at 8.50% APR. For consumer members.
  • Recreational Loans Financing for recreational vehicles including boats, snowmobiles, ATVs, dirt bikes, campers, and motor homes with rates from 5.25% to 7.25% APR (3K+ recreational vehicles currently financed). For consumer members.
  • Home Loans Comprehensive mortgage products including home purchasing, refinancing, home equity loans, home equity lines of credit, and construction loans with fixed-rate terms up to 30 years. Limited-time 5.95% rate on select mortgage options (APR starts at 6.082% for 30-year term; NMLS# 401812). For consumer members (2.5K+ trusted homeowners financed).
  • Business Lending Commercial loans and credit facilities for Upper Peninsula businesses including commercial real estate financing, working capital, and equipment loans, with locally funded decisions by experienced commercial relationship managers. For SMB owners in the UP (400+ UP businesses financed).
  • Business Accounts Business checking and savings accounts designed for small businesses and commercial members with tailored features and services. For SMB owners in the UP.
  • Treasury Management Business cash management services including Remote Deposit Capture, Payroll Service, ACH Origination, Wire Transfers, Fraud Prevention (Positive Pay), and Merchant Services for card payments. For SMB owners in the UP.
  • Financial Planning (Investment and Retirement Services) Investment and retirement planning services offered through a partnership with LPL Financial (registered investment advisor and broker-dealer; member FINRA/SIPC), including IRAs, life insurance, mutual funds, stocks, bonds, managed accounts, and retirement services. For consumer members seeking wealth management.

Quantifiable outcome

  • $2,500 in down payment or closing cost assistance available through Freddie Mac BorrowSmart program
  • +3 more outcomes

Companies that use Embers Credit Union

Customer profile

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Embers Credit Union technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Embers Credit Union partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • LPL FinancialcoreStrategic or Co-development PartnerSecurities and advisory services partnership through Embers Investment and Retirement Services. LPL Financial is a registered investment advisor and broker-dealer (member FINRA/SIPC). Financial professionals offer IRAs, life insurance, retirement services, mutual funds, stocks, bonds, and managed accounts through this partnership.
  • Alloya Corporate Credit UnioncoreTechnology or IntegrationProcessing partner for incoming and outgoing wire transfers. Routing #272478075 at 184 Shuman Blvd #400, Naperville, IL 60563. Handles wire transfer processing for the credit union.
  • ZellecoreTechnology or IntegrationPeer-to-peer payment integration enabling instant money transfers between bank accounts. Available through Embers mobile app for sending money to friends, family, and small businesses with typically no fees.
  • CBS Investment ConnectioncoreStrategic or Co-development PartnerFinancial planning and investment services partner offering IRAs, life insurance, retirement services, mutual funds, stocks, bonds, and managed accounts through Embers Investment and Retirement Services.
  • Freddie MacminorGTM or Marketing PartnerBorrowSmart program partnership offering up to $2,500 in down payment or closing cost assistance for qualified home buyers.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Embers Credit Union competitors and assessment

Company assessment

Regional players

  • Northern Initiatives: A Marquette-based CDFI serving Michigan's Upper Peninsula, directly comparable to Embers in geographic footprint, community-development mission, and small-business/consumer credit offering in the same UP region.
  • Nicolet National Bank: Wisconsin-headquartered community bank serving the UP border counties Embers recently expanded into; a direct competitor for Wisconsin deposit and small-business relationships.
  • IncredibleBank: Bank headquartered and operating across the Upper Peninsula, providing direct competition to Embers for retail deposits, mortgages, and small-business banking in the same geography.
  • Huron Valley State Bank: Michigan community bank serving small and midsize businesses and consumers, comparable in scale and product breadth to Embers' UP footprint.

Direct peers

  • Genisys Credit Union: A large Michigan community credit union offering full banking, lending, and digital services to similar retail and small-business segments, making it a useful scale benchmark for Embers' growth trajectory.
  • Michigan First Credit Union: Michigan-based community credit union with comparable deposit, lending, and digital banking products serving consumer and small-business members across the state.
  • Team One Credit Union: Michigan-based community credit union offering checking, savings, lending, and digital banking, similar in membership-based cooperative structure to Embers.

Broad incumbents

  • Old National Bank: Large regional bank with a footprint that overlaps the UP border regions; competes directly on deposit products, mortgages, and small-business treasury services.
  • Lake Michigan Credit Union: Michigan's largest credit union, offering a full retail and commercial banking suite; serves as a relevant scale and digital-benchmarking peer for Embers.
  • Consumers Cooperative Credit Union: Midwest community credit union with comparable deposit, lending, and digital banking products, comparable as a community cooperative peer for benchmarking product breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Embers Credit Union social profiles

Digital presence

Embers Credit Union compliance and trust

Trust signal

Compliance4 records

Embers Credit Union financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Embers Credit Union leadership team

Management profile

Number of profiles

Profiles10 records

Embers Credit Union funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Embers Credit Union M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Embers Credit Union

What does Embers Credit Union do?

Embers Credit Union is a member-owned financial cooperative that provides retail deposit products (checking, savings, money market, certificates, IRAs, HSAs), consumer lending (mortgages, home equity, auto, personal, recreational, credit cards), commercial lending and treasury management services (business loans, business accounts, Remote Deposit Capture, ACH origination, wires, merchant services), and investment/retirement advisory through a partnership with LPL Financial. Members are served through 7 branch locations in Michigan's Upper Peninsula combined with a digital banking platform, mobile app, and 100,000+ fee-free ATM access points.

Is Embers Credit Union a public or private company?

Embers Credit Union is a private company. It is classified as management employee owned and is currently operating.

When was Embers Credit Union founded?

Embers Credit Union was founded in 1953. It employs 51 to 100 people.

Where is Embers Credit Union based?

Embers Credit Union is headquartered in Marquette, United States, in the North America region.

How does Embers Credit Union make money?

Three revenue lines are on record. Interest Income from Loans are the primary driver. The others are fee-based Income and share/Dividend Income.

Who are Embers Credit Union's main competitors?

Regional players on record are Northern Initiatives, Nicolet National Bank, IncredibleBank and Huron Valley State Bank. Direct peers are Genisys Credit Union, Michigan First Credit Union and Team One Credit Union. Broad incumbents are Old National Bank, Lake Michigan Credit Union and Consumers Cooperative Credit Union.

Does Embers Credit Union have an API?

No public API is recorded for Embers Credit Union.

What industry is Embers Credit Union in?

Embers Credit Union's product category is Retail / Community Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 522130 and its SIC code is 6141.

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