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Overview / Commentary
1888 E Sherman Blvd
Muskegon, MI 49444-1822

Best Financial Credit Union is headquartered in Muskegon and is the 115th largest credit union in the state of Michigan. It is also the 1,784th largest credit union in the nation. It was established in 1955 and as of September of 2016, it had grown to 35 employees and 11,401 members at 3 locations. Best Financial Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Muskegon, Newaygo, Kent, Oceana or Ottawa Counties in Michigan.
See current membership details

Reviews (1)

Issues All The Time

Posted by: wildbrenn | Aug 5, 2013

Bank that is too strict and often not friendly. My mother tried depositing cash into my checking account and was denied because her name was not on account. She didn't ask for info or Truro withdraw money. She had account number and just wanted to deposit. Also, several checks were denied cashing because they said the check was "altered". If the check is made out with more than one ink color they will refuse to cash it..so you better pray your pen don't die in the middle of writing the check. Too many times the staff have denied easy banking services and made transactions difficult!!!!

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Best Financial Credit Union has a relatively low asset base.

Health Grade Components

NCUA #62027
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD3.87%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$81.4MM$77.7MM
LoansQ3 2016vs Q3 2015$40.3MM$39.1MM
DepositsQ3 2016vs Q3 2015$63.6MM$60.7MM
Equity CapitalQ3 2016vs Q3 2015$17.4MM$16.7MM
Loan Loss AllowanceQ3 2016vs Q3 2015$262.00K$252.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$191.00K$154.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$49.00K

Rates for Best Financial Credit Union are currently being reviewed.


Best Financial Credit Union Locations
Main Office1888 E Sherman BlvdMuskegon, MI 49444-1822
Branch Office1150 Amity AveMuskegon, MI 49442
Branch Office1122 S Getty StMuskegon, MI 49442