AAC Credit Union is headquartered in Grand Rapids and is the 77th largest credit union in the state of Michigan. It is also the 1,275th largest credit union in the nation. It was established in 1937 and as of September of 2022, it had grown to 39 employees and 15,199 members at 7 locations. AAC Credit Union's CD rates are 5X the national average, and it has an A health rating.
Membership in AAC Credit Union is open to the following: (1) those who live, work, worship or attend school in Allegan, Barry, Ionia, Kent, Muskegon, and Ottawa Counties in Michigan; (2) those involved in the manufacturing or the sale of furniture in the listed counties; (3) any person who receives retirement payments who live within a 25-mile radius of the credit union's main office or within Kent County and the adjacent counties.
See current membership details
Overall | |
---|---|
NCUA # | 62217 |
Year Chartered | 1937 |
Employees | 39 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.58% |
Return on Equity - YTD | 7.58% |
Annual Interest Income | $4.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2022vs Q3 2021 | $193.4MM$192.9MM |
Loans | Q3 2022vs Q3 2021 | $114.0MM$103.0MM |
Deposits | Q3 2022vs Q3 2021 | $150.8MM$153.0MM |
Equity Capital | Q3 2022vs Q3 2021 | $40.6MM$37.6MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $746.00K$1.0MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $331.00K$225.00K |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not AAC Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
4.00% | $5 | - | Christmas Club | ||
1.00%* | $5k* | - | Health Savings Account | ||
OTHER TIERS: 0.50% → $1 - $1k | 0.75% → $1k - $5k | |||||
0.50% | $500 | - | IRA | ||
0.10% | $200 | - | Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.65%* | $250k* | - | Money Market | ||
OTHER TIERS: 0.15% → $2k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.40% → $50k - $100k | 0.50% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.00% | - | $10k | FreePlus Checking | ||
0.40%* | $50k* | - | Power Checking | ||
OTHER TIERS: 0.15% → $2k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k |
AAC Credit Union Locations | ||
---|---|---|
Branch Office | 904 Broadway Ave NW | Grand Rapids, MI 49504-4415 |
Branch Office | 612 E Main Ave | Zeeland, MI 49464 |
Branch Office | 855 E Main Ave | Zeeland, MI 49464-1366 |
Branch Office | 17228 Van Wagoner Rd | Spring Lake, MI 49456-9702 |
Branch Office | 12390 Riley St | Holland, MI 49424-9219 |
Branch Office | 215 E 25th St | Holland, MI 49423 |
Corporate Office | 177 Wilson Ave NW | Grand Rapids, MI 49534 |