Save. Plan. Retire.

Settlers Federal Credit Union

291172543 is the ABA check routing number of settlers federal credit union in Bruce Crossing, MI and can be found on paper checks as well as used for ACH transfers.

Credit unions typically provide better rates than banks, are governed by the National Credit Union Administration (NCUA), and your funds may be insured up to $250,000 per account by them.


Credit unions are non-for-profit organizations owned by their members, meaning profits are returned in the form of lower fees and increased rates, as well as prioritizing environmentally and socially conscious banking practices.

As founder of Ricks College Credit Union, Ken struggled with federal reporting and loan requests until realizing something had to change; therefore he turned to members for support.

Beehive Credit Union was formed with this principle at its core: pooling their resources together for mutual aid – something it still strives to do today.

Values & Mission

Settlers Federal Credit Union prides itself on its members-owned financial cooperative status and the “people helping people” principle. Assets from members pooled together are used to offer loans to fellow members who need an assist.

Beginning, it was difficult to spread word of the credit union and secure enough funding for loan requests. Ken recalls informing early members that it may take two or three months before their loans would be approved.

Routing Number & Locations

The ABA Routing Number (Routing No) is the nine digit code used by financial institutions to identify themselves nationwide. This number serves to identify this institution for Fedwire payments, direct deposits via Automatic Clearing House (ACH), consumer bills or tax payments – it can even be found printed at the bottom left side of checks!

Credit unions are non-profit financial cooperatives chartered by the federal government to offer members low-cost, quality financial services at reasonable costs. Share deposits from members are pooled together to fund loans and other products and services provided by credit unions; profits earned are returned back into lower fees and rates for members.


Credit unions are widely known to provide more competitive savings and loan rates than banks, due to being not-for-profit organizations where profits made from members’ deposits are pooled into loans and other financial services for members. Furthermore, democratic control over their organization allows members one vote no matter how many shares are owned.

Some credit unions also prioritize socially and environmentally responsible banking practices, including using paperless statements and offering products like sustainable checking accounts. Credit unions must file quarterly data reports with the National Credit Union Administration, so this data reflects quarter end filings.


Credit unions focus on their members by offering benefits like discounts, financial education programs and competitive loan rates. Furthermore, branch locations and ATMs may be nearby making accessing them more convenient than competing financial institutions.

Banking on Values: Credit unions that prioritize environmental and community initiatives can add tremendous value to your finances. Such banks tend to be found in urban centers or states with rigorous environmental and social standards.

Alliant offers membership opportunities to workers at partner companies or organizations, immediate family members of current members and community residents within its area of service. There is a $5 membership fee.

Loans & Credit Cards

Credit unions provide loans and credit cards at more competitive interest rates than banks do, as well as financial services like savings and investment accounts. They typically have lower fees and offer higher interest rates.

As credit unions are non-for-profit institutions, any profits are reinvested back into them to benefit its members. This enables credit unions to offer an array of financial services at highly competitive rates while upholding socially conscious values.

Retirement Planning & Investments

Investment risk refers to the possibility that an investment won’t yield as anticipated.

Self-employed individuals may open tax-deferred retirement accounts that provide tax-deferred savings opportunities, though distributions from them will be taxed as ordinary income and may incur a 10% federal income tax penalty for taking them prior to age 59 1/2.

Credit unions typically offer lower savings and loan rates because they are non-for-profit organizations owned by their members instead of shareholders. They are protected by NCUA insurance in case of failure and investment and advisory services are offered through Cadaret Grant & Co. Inc, an investment advisor registered with FINRA/SIPC.






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