American 1 Credit Union is headquartered in Jackson and is the 39th largest credit union in the state of Michigan. It is also the 654th largest credit union in the nation. It was established in 1980 and as of June of 2022, it had grown to 202 employees and 61,280 members at 17 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
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.
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 Appears you pay 90 days of interest plus the interest on the amount withdrawn.
"The penalty we may impose will equal 90 days dividends on the amount withdrawn plus the amount of dividends earned on the amount withdrawn in excess of the amount of dividends that would have been earned at the Savings/Share account rate."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||1.5%|
|Return on Equity - YTD||10.26%|
|Annual Interest Income||$11.5MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$586.2MM$551.7MM|
|Loans||Q2 2022vs Q2 2021||$368.8MM$317.5MM|
|Deposits||Q2 2022vs Q2 2021||$486.2MM$462.7MM|
|Equity Capital||Q2 2022vs Q2 2021||$85.8MM$76.2MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$4.9MM$5.6MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$4.8MM$2.7MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$91.00K|
Rates for American 1 Credit Union are currently being reviewed.