American 1 Credit Union is headquartered in Jackson and is the 41st largest credit union in the state of Michigan. It is also the 687th largest credit union in the nation. It was established in 1980 and as of March of 2019, it had grown to 201 employees and 58,949 members at 17 locations. American 1 Credit Union has an A health rating.
American 1 CU is open to anyone through joining the Community Co-Op ($3 membership fee). Membership is also open to employees of Community Co-Op and to those who live in Jackson, Calhoun, Washtenaw, Hillsdale, Macomb, Oakland, and Wayne Counties in Michigan.
See current membership details
|Return on Assets - YTD||1.07%|
|Return on Equity - YTD||6.02%|
|Annual Interest Income||$5.3MM|
|Assets and Liabilities|
|Assets||Q1 2019vs Q1 2018||$390.4MM$340.3MM|
|Loans||Q1 2019vs Q1 2018||$265.3MM$236.6MM|
|Deposits||Q1 2019vs Q1 2018||$312.4MM$268.0MM|
|Equity Capital||Q1 2019vs Q1 2018||$67.7MM$62.7MM|
|Loan Loss Allowance||Q1 2019vs Q1 2018||$4.3MM$3.4MM|
|Unbacked Noncurrent Loans||Q1 2019vs Q1 2018||$4.6MM$4.1MM|
|Real Estate Owned||Q1 2019vs Q1 2018||$91.00K$110.00K|
Rates for American 1 Credit Union are currently being reviewed.