Cannabis Banking Map

Live Life Federal Credit Union

“Live Life Federal Credit Union has been proudly servicing our members’ financial needs since 1952. It began when The UAW Local 247 of Thompson Products organized Thompson Product Employee’s Federal Credit Union under Charter #7927. In 1958, the plant changed names from Thompson Products Michigan Division to Thompson Ramo Woolridge Incorporation, becoming TRW, Inc. and the credit union was renamed TRW Michigan Employees Federal Credit Union. In 2006, TRW Inc. closed its Sterling Heights location; however, the Credit Union opted to remain in the community and extended its membership to all who lived, worked, worshiped or conducted business within the boundaries of Sterling Heights. It only made sense to rename it Sterling Heights Community Federal Credit Union. In 2017, the Credit Union further expanded the field of membership beyond the borders of Sterling Heights. The charter was changed to a Common Bond field of membership, enabling any group of individuals with a commonality to join, thus Live Life Federal Credit Union was born!”

Cannabis Banking Services

States Served:

  • Nationwide

 

Official cannabis banking page: NA

 

Media coverage: NA

FDIC or NCUA Insured?

Yes (NCUA link).

  • NCUA charter number: 7927
  • NCUA insured since: 01/04/1971

Bank Health Rating

DepositAccounts.com Rating: link

  • DepositAccounts considers several health grade components:
    • Texas Ratio (measuring bank credit risk);
    • Texas Ratio trend;
    • Deposit growth;
    • Capitalization (difference between bank assets and liabilities).