Best Financial Credit Union is headquartered in Muskegon and is the 109th largest credit union in the state of Michigan. It is also the 1,713th largest credit union in the nation. It was established in 1955 and as of June of 2019, it had grown to 43 employees and 11,637 members at 3 locations. Best Financial Credit Union's money market rates are 3X the national average, and it 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
Issues All The Time
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!!!!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62027 |
| Year Chartered | 1955 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 5.56% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $91.5MM$92.4MM |
| Loans | Q2 2019vs Q2 2018 | $56.6MM$49.5MM |
| Deposits | Q2 2019vs Q2 2018 | $71.5MM$73.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $19.6MM$18.7MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $454.00K$414.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $152.00K$268.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Best Financial Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Best Financial Credit Union Savings Account Rates
Best Financial Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.10%* | $50k* | - | Easy Access Money Market | ||
| OTHER TIERS: 0.15% → $1.2k - $2.5k | 0.80% → $2.5k - $7.5k | 0.90% → $7.5k - $25k | 1.00% → $25k - $50k | |||||
Best Financial Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.25% | - | $10k | Kasasa Cash |
Best Financial Credit Union CD Rates
Best Financial Credit Union IRA Rates
| Best Financial Credit Union Locations | ||
|---|---|---|
| Main Office | 1888 E Sherman Blvd | Muskegon, MI 49444-1822 |
| Branch Office | 612 W Savidge St | Spring Lake, MI 49456 |
| Branch Office | 388 W Clay Ave | Muskegon, MI 49440-1227 |