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29550 5 Mile Rd
Livonia, MI 48154-3710

Co-Op Services Credit Union is headquartered in Livonia and is the 20th largest credit union in the state of Michigan. It is also the 442nd largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 128 employees and 60,974 members. Co-Op Services Credit Union has a A+ health rating.

Field of Membership Restrictions

Open to anyone with just a $2 lifetime membership fee. - See Details

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Reviews (1)

Over Draft Protection Or Lack Of

I have been a Co-Op services member for almost 20 years, and in general have always been happy with all services offered and the execution of these services........
I have recently decided to close all accounts and shift service to another bank based on one
reason..... and this happens once every year to 2 years.
They refuse to offer any draft protection that draws from you savings account. The offer a service
(so they call it ) that if you over draft they pay it anyway and merely charge you 30.00. Well this
is how that service really works ( mostly for them ). Your over draft goes through and places your account in the negative ( for good reason, you over drafted ) and now every charge or withdraw you make until you figure out you have over drafted gets its own 30.00 fee. So you can easily rack up 100-200.00 in fees over a week end until you figure it out, and the charge may have been a bunch of 5.00, 15.00 charges, each one still gets a 30.00 fee.
The old way was they would not put it through, you would be charged by them and the business (okay two charges) but at least your small charges are still covered. In other words they allow you to drain your account through honest mistake , and take advantage of it. (my cases were automatic yearly withdrawals that I missed)
When asked to go to savings protected over draft, I have been told each year for 4 years, " we don't have it, they are working on getting that instituted"......REALLY! 4 YEARS and can't institute a savings protection? Oh but wait... they did institute a LINE OF CREDIT protection this year, you can apply for a line of credit and that will protect your over draft.....again REALLY! Do you think we are total idiots? They are manipulating us into getting lines of credit that they hope we will run up for all kinds of reason other then overdraft, and this is possible but not savings overdraft?


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 Co-Op Services Credit Union had $3.2 million in non-current loans and owned real-estate with $69.83 million in equity and loan loss allowances on hand to cover it. This gives Co-Op Services Credit Union a Texas Ratio of 4.58% 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 experienced no significant changes from 4.17% as of March 31, 2013 to 4.58% as of March 31, 2014, resulting in a negative change of 9.73%. This indicates that the balance sheet and financial strength for Co-Op Services Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Co-Op Services Credit Union has increased its total deposits by $82.39 million, resulting in 23.69% 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 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. Co-Op Services Credit Union has $513.7 million in assets with $69.83 million in equity, resulting in a capitalization level of 13.59%, which is excellent.

Institution Statistics

NCUA #62426
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$513.70 million
Loans$254.45 million
Deposits$430.17 million
Equity Capital$61.06 million
Loan Loss Allowance$8.78 million
Unbacked Noncurrent Loans$2.53 million
Real Estate Owned$663,000
Historic Data - March 2013
Assets$415.93 million
Equity Capital$52.30 million
Loan Loss Allowance$9.35 million
Unbacked Noncurrent Loans$2.53 million
Real Estate Owned$403,000
Profit Margin - Quarterly
Net Interest Margin1.36%
Return on Assets1.34%
Return on Equity11.27%
Interest Income$4.58 million

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Co-Op Services Credit Union Savings Account Rates

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

0.30%$500k-Money Market Account

Co-Op Services Credit Union Checking Account Rates

0.05%$1k-Dividend Bearing Checking

Co-Op Services Credit Union CD Rates

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

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

Co-Op Services Credit Union Locations
Branch Office1260 N Pontiac TrlWalled Lake, MI 48390-3139
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Branch Office16225 Fort StSouthgate, MI 48195
Branch Office1351 E Jefferson AveDetroit, MI 48207
Branch Office25123 Southfield RdSouthfield, MI 48075
Branch Office29550 5 Mile RdLivonia, MI 48154-3710
Branch Office22740 Michigan AveDearborn, MI 48124-2006