Co-Op Services Credit Union

29550 Five Mile Rd.
Livonia, MI 48154
1-734-522-3700
www.cscu.org

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Co-Op Services Credit Union is headquartered in Livonia and is the 23^rd largest credit union in the state of Michigan. It is also the 514^st largest credit union in the nation. It was established in 1954 and as of December of 2012, it had grown to 101 employees and 49,206 members. Co-Op Services Credit Union has a 5-star health rating.

Co-Op Services Credit Union Routing Number: 272477694

Bonus and Free Checking at Co-Op Services Credit Union in Michigan - Local Only - 10/18/2011

Co-Op Services Credit Union has received quite a bit of publicity in the last few weeks as one of the credit unions that is taking advantage of Bank of America's new debit card fees and the fees being ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Co-Op Services Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.05%	$1k	-	Dividend Bearing Checking

Co-Op Services Credit Union Savings Account Rates

Apy	Min	Max	Product
0.40%	$500k	-	Ultra Savings
0.10%	$2,500	-	High Yield Fund
0.05%	$200	-	Regular Share Savings
0.05%	-	-	Vacation Club
0.05%	-	-	Christmas Club

Co-Op Services Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.30%	$500k	-	Money Market Account

Co-Op Services Credit Union CD Rates

Apy	Min	Max	Product
1.00%	$100k	-	60 Month CD
0.85%	$100k	-	48 Month CD
0.70%	$100k	-	36 Month CD
0.50%	$100k	-	24 Month CD
0.50%	$100k	-	30 Month CD
0.30%	$100k	-	12 Month CD
0.30%	$100k	-	15 Month CD
0.30%	$100k	-	18 Month CD
0.25%	$100k	-	9 Month CD
0.20%	$100k	-	91 Day CD
0.20%	$100k	-	6 Month CD
0.10%	$25	-	12 Month Save to Win CD

Co-Op Services Credit Union IRA Rates

Apy	Min	Max	Product
1.00%	$100k	-	60 Month IRA
1.00%	$100k	-	60 Month Roth IRA
1.00%	$100k	-	60 Month CESA
0.85%	$100k	-	48 Month IRA
0.85%	$100k	-	48 Month Roth IRA
0.85%	$100k	-	48 Month CESA
0.70%	$100k	-	36 Month IRA
0.70%	$100k	-	36 Month Roth IRA
0.70%	$100k	-	36 Month CESA
0.50%	$100k	-	24 Month IRA
0.50%	$100k	-	30 Month IRA
0.50%	$100k	-	24 Month Roth IRA
0.50%	$100k	-	30 Month Roth IRA
0.50%	$100k	-	24 Month CESA
0.50%	$100k	-	30 Month CESA
0.30%	$100k	-	12 Month IRA
0.30%	$100k	-	15 Month IRA
0.30%	$100k	-	18 Month IRA
0.30%	$100k	-	12 Month Roth IRA
0.30%	$100k	-	15 Month Roth IRA
0.30%	$100k	-	18 Month Roth IRA
0.30%	$100k	-	12 Month CESA
0.30%	$100k	-	15 Month CESA
0.30%	$100k	-	18 Month CESA
0.25%	$100k	-	9 Month IRA
0.25%	$100k	-	9 Month Roth IRA
0.25%	$100k	-	9 Month CESA
0.20%	$100k	-	91 Day IRA
0.20%	$100k	-	6 Month IRA
0.20%	$100k	-	91 Day Roth IRA
0.20%	$100k	-	6 Month Roth IRA
0.20%	$100k	-	91 Day CESA
0.20%	$100k	-	6 Month CESA
0.10%	$500	-	12 Month Save to Win IRA
0.10%	$500	-	12 Month Save to Win Roth IRA
0.10%	$500	-	12 Month Save to Win CESA

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

CO-OP SERVICES
NCUA #	62426
BankRate Report	View
Year Chartered	1954
Employees	101
Primary Regulator
Assets and Liabilities
Assets	$401.05 million
Loans	$209.49 million
Deposits	$334.58 million
Equity Capital	$51.28 million
Loan Loss Allowance	$9.58 million
Unbacked Noncurrent Loans	$2.65 million
Real Estate Owned	$229,000
Historic Data - December 2011
Assets	$400.84 million
Equity Capital	$44.18 million
Loan Loss Allowance	$11.32 million
Unbacked Noncurrent Loans	$3.76 million
Real Estate Owned	$524,000
Profit Margin - Quarterly
Net Interest Margin	6.11%
Return on Assets	1.48%
Return on Equity	11.55%
Interest Income	$16.28 million
Non-Interest Income	$9.42 million

Institution Health

Overall Score:

5 out of 5

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, 2012 Co-Op Services Credit Union had $2.88 million in non-current loans and owned real-estate with $60.86 million in equity and loan loss allowances on hand to cover it. This gives Co-Op Services Credit Union a Texas Ratio of 4.74% 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 Co-Op Services Credit Union decreased slightly from 7.71% as of December 31, 2011 to 4.74% as of December 31, 2012, resulting in a positive change of 38.59%.This indicates that the balance sheet and financial strength for Co-Op Services Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Co-Op Services Credit Union has decreased its total deposits by -$8.81 million, resulting in -2.57% 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 Co-Op Services Credit Union has shown is below average.
Capitalization
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. Co-Op Services Credit Union has $401.05 million in assets with $60.86 million in equity, resulting in a capitalization level of 15.17%, which is excellent.