2. American 1 Credit Union

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 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.

Field of Membership Restrictions

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

Related Posts

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

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Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #65595
Year Chartered1980
Employees201
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD6.02%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$390.4MM$340.3MM
LoansQ1 2019vs Q1 2018$265.3MM$236.6MM
DepositsQ1 2019vs Q1 2018$312.4MM$268.0MM
Equity CapitalQ1 2019vs Q1 2018$67.7MM$62.7MM
Loan Loss AllowanceQ1 2019vs Q1 2018$4.3MM$3.4MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$4.6MM$4.1MM
Real Estate OwnedQ1 2019vs Q1 2018$91.00K$110.00K
Rates

Rates for American 1 Credit Union are currently being reviewed.

Locations

Availability



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