American 1 Credit Union


Overview / Commentary
517-787-6510
718 E Michigan Ave
Jackson, MI 49201

American 1 Credit Union is headquartered in Jackson and is the 37th largest credit union in the state of Michigan. It is also the 631st largest credit union in the nation. It was established in 1980 and as of March of 2025, it had grown to 282 employees and 66,562 members at 16 locations. American 1 Credit Union's CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

American 1 Credit Union is open to anyone through joining the Community 1 Cooperative ($3 membership fee).
See current membership details

Reviews (3)

They Make You Work Hard For The Extra Yield!

Posted by: |

Of all the CDs I've opened recently this one seems the most complicated. First, you can't just open / fund an acc online. Someone needs to call you, go over the conditions, and do a hard credit pull. You are then sent a document to sign via email, which strangely also includes some loan documents, your loan number, loan terms & conditions, with your name listed as the borrower! Exactly why a person applying for a CD needs to sign a loan document is beyond me. To make matters worse, they won't initiate a transfer from their end to fund the acc. You need to either mail a check, or do a wire transfer, which is costly. And you have only until September 08 to do all these! And good luck understanding the early redemption terms! I'll wait for the next 6% CD from a more easy-going bank/CU.

Hard Credit Pull

Posted by: |

They do a hard credit pull just to join and open a CD. Hard pass. Otherwise I would join.

American *Hard * Credit Union

Posted by: |

not for me very complex process to open cd account .pass find better credit union .



Health
B+

Health Grade Components

Overall
NCUA #65595
Year Chartered1980
Employees282
Primary Regulator
Profit Margin
Return on Assets - YTD-0.06%
Return on Equity - YTD-0.44%
Annual Interest Income$11MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$673.4MM$692.9MM
LoansQ1 2025vs Q1 2024$472.9MM$448.4MM
DepositsQ1 2025vs Q1 2024$558.3MM$578.9MM
Equity CapitalQ1 2025vs Q1 2024$97.5MM$93.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$16.7MM$14.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$10.6MM$7.9MM
Real Estate OwnedQ1 2025vs Q1 2024$91K$91K
Rates
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Always verify rates and promotions with the bank or credit union. We are not American 1 Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

American 1 Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$5-Primary Share Savings
0.50%$0-Members Choice Account
0.50%$0-Christmas Club
0.50%$0-Vacation Club
0.50%$0-True Savings

American 1 Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$5k-Money Market Account

American 1 Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2k-Premier Checking

American 1 Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$500-180 Day CD
3.75%$500-1 Year CD
3.65%$500-18 Month CD
3.55%$500-2 Year CD
3.45%$500-3 Year CD
3.35%$500-4 Year CD
3.25%$500-5 Year CD
0.35%$500-30 Day CD
0.35%$500-60 Day CD
0.35%$500-90 Day CD

American 1 Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$50-180 Day Traditional IRA
3.75%$50-1 Year Traditional IRA
3.75%$50-1 Year Roth/CESA IRA
3.55%$50-2 Year Traditional IRA
3.55%$50-2 Year Roth/CESA IRA
3.45%$50-3 Year Traditional IRA
3.45%$50-3 Year Roth/CESA IRA
3.35%$50-4 Year Traditional IRA
3.35%$50-4 Year Roth/CESA IRA
3.25%$50-5 Year Traditional IRA
3.25%$50-5 Year Roth/CESA IRA
0.35%$50-30 Day Traditional IRA
0.35%$50-60 Day Traditional IRA
0.35%$50-90 Day Traditional IRA
Locations

Availability



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