Members First CU (MI)

600 W Wackerly St
Midland, MI 4864-2165
989-835-5100
www.mfcu.net

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Members First CU (MI) is headquartered in Midland and is the 32^nd largest credit union in the state of Michigan. It is also the 631^st largest credit union in the nation. It was established in 1936 and as of December of 2012, it had grown to 108 employees and 39,749 members. Members First CU (MI) has a 5-star health rating.

Top Long-Term CD and IRA CD Rates at Members First Credit Union in MI - Local Only - 8/27/2010

Members First Credit Union is offering some competitive long-term CD and IRA CD rates. The best is a 3.25% APY 5-year CD. The special 27-month CD is also competitive with a 2.00% APY. Minimum deposit ...

3.50% 5-Year CD At Members First Credit Union In Michigan (Forum) - 7/2/2010

The long-term CD and IRA CD rates are competitive (as of 7/2/2010): 3.50% APY 60 months 3.05% APY 48 months 2.50% APY 36 months 2.00% APY 27 months (special) Minimum deposit is $1,000. Excerpt from the field of membership page. All those persons

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See Rates for: Checking | Savings | CD | IRA

Members First CU (MI) Checking Account Rates

Apy	Min	Max	Product
0.35%	$250k	-	Premier Business Checking
0.02%	-	-	Regular Checking

Members First CU (MI) Savings Account Rates

Apy	Min	Max	Product
0.35%	$100k	-	Super High Yield Savings
0.35%	$100k	-	IRA Super High Yield Savings
0.35%	$100k	-	Roth IRA Super High Yield Savings
0.35%	$100k	-	CESA Super High Yield Savings
0.20%	$2,500	-	High Yield Savings
0.20%	$2,500	-	IRA High Yield Savings
0.20%	$2,500	-	Roth IRA High Yield Savings
0.20%	$2,500	-	CESA High Yield Savings
0.15%	-	-	Regular Shares
0.15%	-	-	Kid's Club Savings
0.15%	-	-	Student Club Savings
0.15%	-	-	Christmas Club
0.15%	-	-	Special Savings
0.15%	-	-	IRA Savings
0.15%	-	-	Roth IRA Savings
0.15%	-	-	CESA Savings

Members First CU (MI) CD Rates

Apy	Min	Max	Product
1.35%	$1k	-	60 Month CD
1.35%	$100	-	60 Month Youth CD
1.15%	$1k	-	48 Month CD
1.15%	$100	-	48 Month Youth CD
0.90%	$1k	-	36 Month CD
0.90%	$100	-	36 Month Youth CD
0.70%	$1k	-	27 Month CD Special
0.70%	$100	-	27 Month Youth CD Special
0.60%	$1k	-	24 Month CD
0.60%	$100	-	24 Month Youth CD
0.40%	$1k	-	15 Month CD Special
0.40%	$100	-	15 Month Youth CD Special
0.35%	$1k	-	12 Month CD
0.35%	$100	-	12 Month Youth CD
0.30%	$1k	-	44 Week CD Special
0.30%	$100	-	44 Week Youth CD Special
0.26%	$1k	-	6 Month CD
0.26%	$100	-	6 Month Youth CD

Members First CU (MI) IRA Rates

Apy	Min	Max	Product
1.35%	$1k	-	60 Month IRA
1.35%	$1k	-	60 Month Roth IRA
1.35%	$1k	-	60 Month CESA
1.15%	$1k	-	48 Month IRA
1.15%	$1k	-	48 Month Roth IRA
1.15%	$1k	-	48 Month CESA
0.90%	$1k	-	36 Month IRA
0.90%	$1k	-	36 Month Roth IRA
0.90%	$1k	-	36 Month CESA
0.70%	$1k	-	27 Month IRA Special
0.70%	$1k	-	27 Month Roth IRA Special
0.70%	$1k	-	27 Month CESA Special
0.60%	$1k	-	24 Month IRA
0.60%	$1k	-	24 Month Roth IRA
0.60%	$1k	-	24 Month CESA
0.40%	$1k	-	15 Month IRA Special
0.40%	$1k	-	15 Month Roth IRA Special
0.40%	$1k	-	15 Month CESA Special
0.35%	$1k	-	12 Month IRA
0.35%	$1k	-	12 Month Roth IRA
0.35%	$1k	-	12 Month CESA
0.30%	$1k	-	44 Week IRA Special
0.30%	$1k	-	44 Week Roth IRA Special
0.30%	$1k	-	44 Week CESA Special
0.26%	$1k	-	6 Month IRA
0.26%	$1k	-	6 Month Roth IRA
0.26%	$1k	-	6 Month CESA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

MEMBERS FIRST
NCUA #	62076
BankRate Report	View
Year Chartered	1936
Employees	108
Primary Regulator
Assets and Liabilities
Assets	$316.93 million
Loans	$164.09 million
Deposits	$282.48 million
Equity Capital	$32.72 million
Loan Loss Allowance	$939,000
Unbacked Noncurrent Loans	$1.15 million
Real Estate Owned	$3,000
Historic Data - December 2011
Assets	$193.95 million
Equity Capital	$20.36 million
Loan Loss Allowance	$1.48 million
Unbacked Noncurrent Loans	$854,000
Profit Margin - Quarterly
Net Interest Margin	4.46%
Return on Assets	0.49%
Return on Equity	4.73%
Interest Income	$8.78 million
Non-Interest Income	$4.27 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 Members First CU (MI) had $1.16 million in non-current loans and owned real-estate with $33.66 million in equity and loan loss allowances on hand to cover it. This gives Members First CU (MI) a Texas Ratio of 3.43% 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 Members First CU (MI) held steady from 3.91% as of December 31, 2011 to 3.43% as of December 31, 2012, resulting in a positive change of 12.16%.This indicates that the balance sheet and financial strength for Members First CU (MI) has held steady in recent periods.
Deposit Growth
In the past year, Members First CU (MI) has increased its total deposits by $109.48 million, resulting in 63.28% 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 First CU (MI) has shown is excellent.
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. Members First CU (MI) has $316.93 million in assets with $33.66 million in equity, resulting in a capitalization level of 10.62%, which is above average.