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18441 Utica Rd
Roseville, MI 48066-4202

Christian Financial Credit Union is headquartered in Roseville and is the 36th largest credit union in the state of Michigan. It is also the 655th largest credit union in the nation. It was established in 1967 and as of March of 2014, it had grown to 94 employees and 38,950 members. Christian Financial Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, worship, work or attend school in Macomb, Oakland, Wayne, or Saint Clair County. Also open to those who belong to one of the churches in their Field of Membership list. - See Details

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Reviews (1)

Christian Financial Credit Union -- Avoid Them

I had a CD at Christian Financial CU -- and a very bad experience. I would recommend to just stay away from this place. 

They charge a fee to join and also require that you deposit at least $5 into your share savings account, as many CUs do. 

But if you decide to close your membership at any time, they will not let you have back that $5 "deposit," as most credit unions do. So, it is not really a deposit but a second fee. 

But more importantly, when I wanted to close out my CD, I found insurmountable problems -- no matter how much or how vociferously I fought. They require what they call at least "10 days" notice of what to do with your CD other than let it roll over. I gave 12 days notice -- only to find out that the notice requirement was not actually "days" but "business days." The Terms of Service does NOT says "business day," merely says "days." And because I did it at the start of a 3-day holiday weekend, it meant I was only 9 "business" days in advance!

At any rate, they refused to do anything to honor my advance instructions -- despite several contacts over that time about the issue and even some heated exchanges. They said because I missed the deadline, I would not be able to even give any instructions until AFTER the CD matures. That's right, they would not even start the 10-day count at the 9 "business" days in advance that I gave the instructions, nor would they even accept those instructions; they would only start that count after I gave new instructions AFTER the CD matured. And then, they would take up to 10 days to close it and send me my money! And mind you, if you close a CD with them during the grace period, you get no interest for the time of that grace period -- meaning if they took 10 days (10 BUSINESS days), they might hold my money interest-free for two weeks!

And this they did, held it interest-free for two weeks -- and it was a substantial sum so a substantial loss of interest. Plus the loss of the $5 to the share savings.

I chose not to bother to close my membership since I could not get my $5 back anyway. I just left it on their books to chase down.

I note, even that adds another issue. They, as most places, have a policy about dormant accounts. It is dormant after a year, at which time they may start to take a fee out. Well, MOST places will alert you before they take out such a fee, giving you a chance to make a transaction to avoid the dormancy and keep your account. But not Christian Financial. They took the money out first, emptying my acount altogether, and only after the fact sent me a notice of them taking out the dormancy fee (I got it about a week and a half ago) -- which also brazenly urged me to then make a deposit to my share savings to bring it up to the minimum in order to keep my account open. That is, they were going to spend the postage and send the notice -- but they would be damned if they would do so before taking the money, because they clearly really wanted to grab the money.

This place may be called "Christian," but they violate all values of that name. Stay away from them.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Christian Financial Credit Union had $5.53 million in non-current loans and owned real-estate with $31.44 million in equity and loan loss allowances on hand to cover it. This gives Christian Financial Credit Union a Texas Ratio of 17.58% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Christian Financial Credit Union experienced no significant changes from 15.50% as of March 31, 2013 to 17.58% as of March 31, 2014, resulting in a negative change of 13.43%. This indicates that the balance sheet and financial strength for Christian Financial Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Christian Financial Credit Union has increased its total deposits by $36.03 million, resulting in 13.82% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Christian Financial Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Christian Financial Credit Union has $325.21 million in assets with $31.44 million in equity, resulting in a capitalization level of 9.67%, which is above average.

Institution Statistics

NCUA #63805
Year Chartered1967
Primary Regulator
Assets and Liabilities
Assets$325.21 million
Loans$221.81 million
Deposits$296.66 million
Equity Capital$26.85 million
Loan Loss Allowance$4.59 million
Unbacked Noncurrent Loans$5.00 million
Real Estate Owned$524,000
Historic Data - March 2013
Assets$284.51 million
Equity Capital$22.30 million
Loan Loss Allowance$5.00 million
Unbacked Noncurrent Loans$5.00 million
Real Estate Owned$836,000
Profit Margin - Quarterly
Return on Assets1.1%
Return on Equity13.27%
Interest Income$3.10 million
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Christian Financial Credit Union Savings Account Rates

0.30%$25-Save To Win Certificate
0.25%$100-Christmas Club Account
0.25%--Health Savings Account
0.25%$50-Passbook IRA Account
0.10%$100-Savings Account

Christian Financial Credit Union Money Market Rates

0.30%$50k-Split Money Market Account

Christian Financial Credit Union CD Rates

1.75%$1k-5 Year Certificate
1.40%$1k-4 Year Certificate
1.30%$1k-3 Year Certificate
1.10%$1k-2 Year Certificate
0.75%$1k-18 Month Certificate
0.45%$250-1 Year Youth Certificate
0.45%$1k-12 Month Certificate
0.40%$1k-6 Month Certificate
0.40%$500-1 Year Super Saver Certificate

Christian Financial Credit Union IRA Rates

1.75%$1k-5 Year IRA Certificate
1.40%$1k-4 Year IRA Certificate
1.30%$1k-3 Year IRA Certificate
1.10%$1k-2 Year IRA Certificate
0.75%$1k-18 Month IRA Certificate
0.45%$1k-1 Year IRA Certificate

Christian Financial Credit Union Locations
Branch Office8171 E 10 Mile RdCenter Line, MI 48015-1449
Branch Office18441 Utica RdRoseville, MI 48066-4202
Branch Office19770 Harper AveHarper Woods, MI 48225-1803
Branch Office55834 Van Dyke AveShelby Township, MI 48316-5314
Branch Office13705 Lakeside CirSterling Heights, MI 48313-1315
Branch Office14600 Common RdWarren, MI 48088-3387
Branch Office25450 23 Mile RdChesterfield, MI 48051-1977