Members First CU (MI)

PO Box 2165
Midland, MI 486412165
989-835-5100
www.mfcu.net

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Members First CU (MI) is headquartered in Midland and is the 50^th largest credit union in the state of Michigan. It is also the 878^th largest credit union in the nation. It was established in 1936 and as of September of 2011, it had grown to 52 employees and 20,826 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
0.05%	-	-	Share Draft Checking

Members First CU (MI) Savings Account Rates

Apy	Min	Max	Product
0.35%	$100k	-	Tiered Super High Yield Savings
0.35%	$100k	-	IRA Tiered Super High Yield Savings
0.25%	$2,500	-	High Yield Savings
0.25%	$2,500	-	IRA High Yield Savings
0.20%	-	-	Regular Shares
0.20%	-	-	Kid's Club Savings
0.20%	-	-	Student Club Savings
0.20%	-	-	Christmas Club
0.20%	-	-	Special Savings
0.20%	-	-	IRA Savings

Members First CU (MI) CD Rates

Apy	Min	Max	Product
1.80%	$1k	-	60 Month CD
1.80%	$100	-	60 Month Youth CD
1.50%	$1k	-	48 Month CD
1.50%	$100	-	48 Month Youth CD
1.25%	$1k	-	36 Month CD
1.25%	$100	-	36 Month Youth CD
1.00%	$1k	-	27 Month Special CD
1.00%	$100	-	27 Month Special Youth CD
0.90%	$1k	-	24 Month CD
0.90%	$100	-	24 Month Youth CD
0.60%	$1k	-	15 Month Special CD
0.60%	$100	-	15 Month Special Youth CD
0.55%	$1k	-	12 Month CD
0.55%	$100	-	12 Month Youth CD
0.45%	$1k	-	44 Week Special CD
0.45%	$100	-	44 Week Special Youth CD
0.40%	$1k	-	6 Month CD
0.40%	$100	-	6 Month Youth CD

Members First CU (MI) IRA Rates

Apy	Min	Max	Product
1.80%	$1k	-	60 Month IRA
1.80%	$1k	-	60 Month Roth IRA
1.80%	$1k	-	60 Month SEP IRA
1.80%	$1k	-	60 Month CESA
1.50%	$1k	-	48 Month IRA
1.50%	$1k	-	48 Month Roth IRA
1.50%	$1k	-	48 Month SEP IRA
1.50%	$1k	-	48 Month CESA
1.25%	$1k	-	36 Month IRA
1.25%	$1k	-	36 Month Roth IRA
1.25%	$1k	-	36 Month SEP IRA
1.25%	$1k	-	36 Month CESA
1.00%	$1k	-	27 Month Special IRA
1.00%	$1k	-	27 Month Special Roth IRA
1.00%	$1k	-	27 Month Special SEP IRA
1.00%	$1k	-	27 Month Special CESA
0.90%	$1k	-	24 Month IRA
0.90%	$1k	-	24 Month Roth IRA
0.90%	$1k	-	24 Month SEP IRA
0.90%	$1k	-	24 Month CESA
0.60%	$1k	-	15 Month Special IRA
0.60%	$1k	-	15 Month Special Roth IRA
0.60%	$1k	-	15 Month Special SEP IRA
0.60%	$1k	-	15 Month Special CESA
0.55%	$1k	-	12 Month IRA
0.55%	$1k	-	12 Month Roth IRA
0.55%	$1k	-	12 Month SEP IRA
0.55%	$1k	-	12 Month CESA
0.45%	$1k	-	44 Week Special IRA
0.45%	$1k	-	44 Week Special Roth IRA
0.45%	$1k	-	44 Week Special SEP IRA
0.45%	$1k	-	44 Week Special CESA
0.40%	$1k	-	6 Month IRA
0.40%	$1k	-	6 Month Roth IRA
0.40%	$1k	-	6 Month SEP IRA
0.40%	$1k	-	6 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

MEMBERS FIRST
NCUA #	62076
BankRate Report	View
Year Established	1936
Employees	52
Primary Regulator
Assets and Liabilities
Assets	$191.64 million
Loans	$95.47 million
Deposits	$170.83 million
Equity Capital	$19.96 million
Loan Loss Allowance	$1.47 million
Unbacked Noncurrent Loans	$794,000
Real Estate Owned	$91,000
Historic Data - September 2010
Assets	$180.70 million
Equity Capital	$18.91 million
Loan Loss Allowance	$1.35 million
Unbacked Noncurrent Loans	$676,000
Real Estate Owned	$112,000
Profit Margin - Quarterly
Net Interest Margin	4.19%
Return on Assets	0.29%
Return on Equity	2.76%
Interest Income	$5.27 million
Non-Interest Income	$1.84 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 September 30, 2011 Members First CU (MI) had $885,000 in non-current loans and owned real-estate with $21.43 million in equity and loan loss allowances on hand to cover it. This gives Members First CU (MI) a Texas Ratio of 4.13% 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 3.89% as of September 30, 2010 to 4.13% as of September 30, 2011, resulting in a negative change of 6.19%. 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 $10 million, resulting in 6.22% 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 $191.64 million in assets with $21.43 million in equity, resulting in a capitalization level of 11.18%, which is above average.

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Members First CU (MI)

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