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P.O. Box 525
Oshtemo, MI 49077

Consumers CU (MI) is headquartered in OSHTEMO and is the 19st largest credit union in the state of Michigan. It is also the 434th largest credit union in the nation. It was established in 1964 and as of December of 2013, it had grown to 177 employees and 55,387 members. Consumers CU (MI)'s money market rates are 2X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or be enrolled in a post high school educational institution in Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, Kent, Ottawa, St. Joseph or Van Buren County. - See Details

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5-Year CD Special with Penalty-Free Withdrawal at Consumers CU in Michigan - 8/9/2013

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Reviews (1)

Overall, A Very Positive Place To Bank

My wife and I have been members of Consumer's Credit Union in Kalamazoo, MI for several years now. I would say that we have been very satisfied with our experience thus far. The offices have a very friendly feeling, ranging from the politeness of the staff, the free coffee, and fast service. Their web-site is incredibly helpful, where you can do online banking, bill-pay, etc. I can even get text messages sent to my phone when I want to check the balance of our account.

The only negative experiences we have had over the years have been when we failed to pay attention to our account balance and overdrew our account. I accept responsibility for the failure on our part when this has happened, but in one or two instances I called customer service to plea for their help. It was actually a desparate situation that we were in financially, and I ended up having a one-dollar coffee cost $31.00 (with the overdraft fee). I explained my situation to the girl at customer service, and it really didn't seem like she had an ounce of humanity in her cold body. Yes, rules are rules. It was my fault. But we all make mistakes, and in a bad situation, it really seemed like a very degrading respnse that she gave.

I still like the credit union, and aside from a few excessive fees, I am very happy with my membership there.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Consumers CU (MI) had $2.25 million in non-current loans and owned real-estate with $53.36 million in equity and loan loss allowances on hand to cover it. This gives Consumers CU (MI) a Texas Ratio of 4.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Consumers CU (MI) decreased dramatically from 9.73% as of December 31, 2012 to 4.22% as of December 31, 2013, resulting in a positive change of 56.63%.This indicates that the balance sheet and financial strength for Consumers CU (MI) has improved dramatically in recent periods.

Deposit Growth


In the past year, Consumers CU (MI) has increased its total deposits by $54.65 million, resulting in 15.41% 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 Consumers CU (MI) 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. Consumers CU (MI) has $501.03 million in assets with $53.36 million in equity, resulting in a capitalization level of 10.65%, which is above average.

Institution Statistics

NCUA #62172
Year Chartered1964
Primary Regulator
Assets and Liabilities
Assets$501.03 million
Loans$422.60 million
Deposits$409.28 million
Equity Capital$48.77 million
Loan Loss Allowance$4.59 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$1.17 million
Historic Data - December 2012
Assets$430.62 million
Equity Capital$42.17 million
Loan Loss Allowance$5.36 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$3.79 million
Profit Margin - Quarterly
Net Interest Margin4.49%
Return on Assets1.32%
Return on Equity13.54%
Interest Income$19.80 million

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Consumers CU (MI) Savings Account Rates

0.50%--Traditional IRA Account
0.50%--Roth IRA Account
0.50%--Educational IRA Account
0.50%--SEP IRA Account
0.25%--Christmas Savings Account
0.10%$50-Savings Account
0.10%$50-Business Savings

Consumers CU (MI) Money Market Rates

1.00%$50k$100kAbove Zero Money Market Special
0.50%--Money Market IRA Account
0.50%--Money Market Roth IRA Account
0.50%--Money Market Education IRA Account
0.50%$250k-Business Money Market
0.40%$250k-Money Market Account
0.20%$2,500$100kMunicipal Money Market

Consumers CU (MI) Checking Account Rates

0.50%$250k-Business Plus Checking
0.25%$25k-Interest Checking Account

Consumers CU (MI) CD Rates

1.50%$25k$500k60 Month CD
1.00%$1k$250kAbove Zero 17 Month CD Special
0.79%$25k$500k36 Month CD
0.75%$100$10k12 - 60 Month Dollar Dog CD
0.75%$1k$250kAbove Zero 17 Month CD Special (without active checking)
0.55%$25k$500k24 Month CD
0.40%$25k$500k12 Month CD
0.20%$25k$500k6 Month CD

Consumers CU (MI) IRA Rates

1.50%$25k$500k60 Month IRA (Traditional,CESA,Roth,SEP)
1.00%$1k$250kAbove Zero 17 Month IRA Special (Traditional,Roth,CESA,SEP)
0.79%$25k$500k36 Month IRA (Traditional,CESA,Roth,SEP)
0.75%$1k$250kAbove Zero 17 Month IRA Special (without active checking) (Traditional,Roth,CESA,SEP)
0.55%$25k$500k24 Month IRA (Traditional,CESA,Roth,SEP)
0.40%$25k$500k12 Month IRA (Traditional,CESA,Roth,SEP)
0.20%$25k$500k6 Month IRA (Traditional,CESA,Roth,SEP)

Consumers CU (MI) has 14 locations. Click to view all Consumers CU (MI) locations.