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American 1 Credit Union


Overview / Commentary
www.american1cu.org
517-787-6510
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 683rd largest credit union in the nation. It was established in 1980 and as of September of 2019, it had grown to 200 employees and 57,272 members at 16 locations. American 1 Credit Union's CD rates are 67% higher than the national average, and it 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." https://www.american1cu.org/american-1-info It also states "Membership in Community 1 Cooperative is only $3 and is open to anyone." https://www.american1cu.org/community-1-info

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 Appears you pay 90 days of interest plus the interest on the amount withdrawn.

"The penalty we may impose will equal 90 days dividends on the amount withdrawn plus the amount of dividends earned on the amount withdrawn in excess of the amount of dividends that would have been earned at the Savings/Share account rate."

1


Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #65595
Year Chartered1980
Employees200
Primary Regulator
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD6.82%
Annual Interest Income$16.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$398.1MM$339.5MM
LoansQ3 2019vs Q3 2018$280.4MM$255.9MM
DepositsQ3 2019vs Q3 2018$319.2MM$263.8MM
Equity CapitalQ3 2019vs Q3 2018$70.3MM$65.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$4.9MM$3.8MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$5.2MM$4.6MM
Real Estate OwnedQ3 2019vs Q3 2018$91.00K$58.00K
Rates
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American 1 Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Eagle Earners Account
0.25%$5-Regular Share Savings
0.25%--Members Choice Account
0.25%--Christmas Club
0.25%--Vacation Club
0.25%--True Savings

American 1 Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$5k-Money Market Account

American 1 Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$2k-Premiere Checking

American 1 Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$500-5 Year CD
2.25%$500-4 Year CD
2.00%$500-3 Year CD
1.75%$500-2 Year CD
1.50%$500-1 Year CD
0.75%$500-180 Day CD

American 1 Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$50-5 Year IRA
2.52%$50-4 Year IRA
2.27%$50-3 Year IRA
2.02%$50-2 Year IRA
1.76%$50-1 Year IRA
0.75%$50-180 Day IRA
Locations

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