American 1 Credit Union is headquartered in Jackson and is the 39th largest credit union in the state of Michigan. It is also the 644th largest credit union in the nation. It was established in 1980 and as of December of 2020, it had grown to 195 employees and 59,080 members at 18 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
New Member Of American 1 Credit Union
I’m a new member of American 1 Credit Union, and I opened an IRA with a long term CD.
Tracey Olson (E Service Specialist) did a great job of getting my account set up and my funds transferred from another CU.
Great Customer Service
I’m a new member of American 1 Credit Union and Byron Rose who helped setup my membership and open a CD was so helpful. He went above and beyond for me. Unfortunately their rates have dropped significantly since I opened the CD but nonetheless Bryan’s customer service was excellent.
Odd EWP On Cds
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 Appears you pay 90 days of interest plus the interest on the amount withdrawn.
"The penalty we may impose will equal 90 days dividends on the amount withdrawn plus the amount of dividends earned on the amount withdrawn in excess of the amount of dividends that would have been earned at the Savings/Share account rate."
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 65595 |
| Year Chartered | 1980 |
| Employees | 195 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.57% |
| Return on Equity - YTD | 3.9% |
| Annual Interest Income | $21.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $515.4MM$421.3MM |
| Loans | Q4 2020vs Q4 2019 | $313.9MM$300.1MM |
| Deposits | Q4 2020vs Q4 2019 | $428.2MM$340.6MM |
| Equity Capital | Q4 2020vs Q4 2019 | $74.1MM$71.2MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $6.0MM$5.9MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $4.3MM$5.6MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $91.00K$91.00K |
