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3745 N US Highway 31 S
Traverse City, MI 49684-4442

Members CU (MI) is headquartered in Traverse City and is the 46th largest credit union in the state of Michigan. It is also the 861st largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 102 employees and 46,824 members. Members CU (MI) has a B+ health rating.

Field of Membership Restrictions

Must live, work or worship in Antrim, Benzie, Kalkaska, Grand Traverse, Leelanau or Manistee County. - See Details

Reviews (1)

Internet Checking Account

I have two checking accounts at Members Credit Union.  My first account is for all normal business.   My second account is exclusively for internet transactions.   The internet checking account maintains a balance of less than $1.00.   When I want to make an internet purchase, I transfer the amount of purchase form my regular checking account to the internet checking account.  In the event that an unscrupulous internet seller falsely charges my account, it is immediately rejected.  When I contact the credit union and report the fradulent transaction, it is immediately reversed.  The credit union never has a problem when I transfer unusual amounts, like $13.43 from one account to the other.   On one occasion, I purchased a new  camera from a seller in New York.  The seller shipped a used camera.  When I contacted the seller, they said that they would refund the purchase price but not the shipping charges.   When I contacted the credit union, they advised me to return the camera and bring in the shipping reciept.  When I took in the return shipping reciept, the credit union reversed the entire transaction.   The customer service is terriffic.


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 Members CU (MI) had $2.99 million in non-current loans and owned real-estate with $22.62 million in equity and loan loss allowances on hand to cover it. This gives Members CU (MI) a Texas Ratio of 13.21% 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 Members CU (MI) decreased dramatically from 21.40% as of March 31, 2013 to 13.21% as of March 31, 2014, resulting in a positive change of 38.27%.This indicates that the balance sheet and financial strength for Members CU (MI) has improved dramatically in recent periods.

Deposit Growth


In the past year, Members CU (MI) has increased its total deposits by $8.06 million, resulting in 4.16% 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 Members 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. Members CU (MI) has $224.97 million in assets with $22.62 million in equity, resulting in a capitalization level of 10.05%, which is above average.

Institution Statistics

NCUA #61365
Year Chartered1954
Primary Regulator
Assets and Liabilities
Assets$224.97 million
Loans$120.46 million
Deposits$201.73 million
Equity Capital$21.06 million
Loan Loss Allowance$1.56 million
Unbacked Noncurrent Loans$1.17 million
Real Estate Owned$1.82 million
Historic Data - March 2013
Assets$216.21 million
Equity Capital$20.46 million
Loan Loss Allowance$1.75 million
Unbacked Noncurrent Loans$1.17 million
Real Estate Owned$2.78 million
Profit Margin - Quarterly
Net Interest Margin1.34%
Return on Assets0.09%
Return on Equity1.01%
Interest Income$1.89 million

Always verify rates and promotions with the bank or credit union. We are not Members CU (MI), we are a rate comparison website and can not provide official rates or promotions.

Members CU (MI) Savings Account Rates

0.15%$10k-Member Share Savings
0.15%$10k-Direct Share Savings
0.15%$10k-Interest Share Savings
0.15%$10k-Mature Share Savings
0.15%--IRA Share Savings
0.15%--Roth IRA Share Savings
0.15%--Roth Conversion IRA Share Savings
0.15%--Education IRA Share Savings
0.10%--Vacation Fund
0.10%--Christmas Club
0.05%--Member Junior Share Savings
0.05%--Daily Dividend Savings

Members CU (MI) Money Market Rates

0.20%$10k-Money Market Share

Members CU (MI) Checking Account Rates

0.10%$10k-Interest Checking

Members CU (MI) CD Rates

1.06%$25k-60 Month Jumbo CD
0.95%$1k-60 Month CD
0.90%$25k-48 Month Jumbo CD
0.65%$25k-36 Month Jumbo CD
0.50%$500-12 Month Bonus CD
0.45%$25k-24 Month Jumbo CD
0.40%$500-6 Month Bonus CD
0.35%$1k-24 Month CD
0.35%$25k-12 Month Jumbo CD
0.35%$500-3 Month Bonus CD
0.25%$500-12 Month CD
0.25%$1k-18 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD

Members CU (MI) IRA Rates

1.06%$25k-60 Month Jumbo Traditional IRA
1.06%$25k-60 Month Jumbo Roth IRA
1.06%$25k-60 Month Jumbo Roth Conversion IRA
0.95%$500-60 Month Traditional IRA
0.95%$500-60 Month Roth IRA
0.95%$500-60 Month Roth Conversion IRA
0.90%$25k-48 Month Jumbo Traditional IRA
0.90%$25k-48 Month Jumbo Roth IRA
0.90%$25k-48 Month Jumbo Roth Conversion IRA
0.65%$25k-36 Month Jumbo Traditional IRA
0.65%$25k-36 Month Jumbo Roth IRA
0.65%$25k-36 Month Jumbo Roth Conversion IRA
0.35%$500-24 Month Traditional IRA
0.35%$25k-12 Month Jumbo Traditional IRA
0.35%$500-24 Month Roth IRA
0.35%$25k-12 Month Jumbo Roth IRA
0.35%$500-24 Month Roth Conversion IRA
0.35%$25k-12 Month Jumbo Roth Conversion IRA
0.35%$500-24 Month Educational IRA
0.25%$500-12 Month Traditional IRA
0.25%$500-12 Month Roth IRA
0.25%$500-12 Month Roth Conversion IRA

Members CU (MI) has 11 locations. Click to view all Members CU (MI) locations.