American 1 Credit Union

Overview / Commentary
718 E Michigan Ave
Jackson, MI 49201

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.

Field of Membership Restrictions

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

Related Posts

American 1 Credit Union Offers Competitive 2-Year and 3-Year CDs - 10/31/2019

American 1 Credit Union has two competitive, nationally available CDs: 2-year (2.50% APY) and 3-year (2.75% APY) Minimum deposit is $500, with no stated balance cap.

Credit Union Anyone Can Join - 4/2/2019

I posted this in that thread a while back but don't see it on the list. Here is the information again: It looks like you can add American 1 Credit Union to this list. Their website states that "A cooperative is an organization of people united by a common bond. The common bond shared by all American 1 members is their association with our founding organization, Community 1 Cooperative. Our founders chartered American 1 as an associational credit union, meaning anyone who belongs to Community 1 Cooperative is eligible to join American 1." It also states "Membership in Community 1 Cooperative is only $3 and is open to anyone."

Reviews (1)

Odd EWP On Cds

Posted by: |

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 Appears you pay 90 days of interest plus the interest on the amount withdrawn.

"The penalty we may impose will equal 90 days dividends on the amount withdrawn plus the amount of dividends earned on the amount withdrawn in excess of the amount of dividends that would have been earned at the Savings/Share account rate."


Health Grade Components

NCUA #65595
Year Chartered1980
Primary Regulator
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD6.37%
Annual Interest Income$22.1MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$421.3MM$368.0MM
LoansQ4 2019vs Q4 2018$300.1MM$264.9MM
DepositsQ4 2019vs Q4 2018$340.6MM$292.9MM
Equity CapitalQ4 2019vs Q4 2018$71.2MM$66.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$5.9MM$4.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$5.6MM$5.0MM
Real Estate OwnedQ4 2019vs Q4 2018$91.00K$0

Rates for American 1 Credit Union are currently being reviewed.



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