American 1 Credit Union is headquartered in Jackson and is the 40th largest credit union in the state of Michigan. It is also the 667th largest credit union in the nation. It was established in 1980 and as of December of 2019, it had grown to 206 employees and 57,550 members at 16 locations. American 1 Credit Union has an A health rating.
American 1 Credit Union is open to anyone through joining the Community 1 Cooperative ($3 membership fee). Membership is also to those who live in the Michigan counties of Calhoun, Hillsdale, Jackson, Lenawee, Washtenaw, or Wayne.
See current membership details
Wording from the web site on EWP. Appears you pay 90 days of interest plus the interest on the amount withdrawn.
"The penalty we may impose will equal 90 days dividends on the amount withdrawn plus the amount of dividends earned on the amount withdrawn in excess of the amount of dividends that would have been earned at the Savings/Share account rate."
|Return on Assets - YTD||1.11%|
|Return on Equity - YTD||6.37%|
|Annual Interest Income||$22.1MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$421.3MM$368.0MM|
|Loans||Q4 2019vs Q4 2018||$300.1MM$264.9MM|
|Deposits||Q4 2019vs Q4 2018||$340.6MM$292.9MM|
|Equity Capital||Q4 2019vs Q4 2018||$71.2MM$66.7MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$5.9MM$4.2MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$5.6MM$5.0MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$91.00K$0|
Rates for American 1 Credit Union are currently being reviewed.