Overview / Commentary
231-733-1329
1888 E Sherman Blvd
Muskegon, MI 49444-1822

Best Financial Credit Union is headquartered in Muskegon and is the 111th largest credit union in the state of Michigan. It is also the 1,697th largest credit union in the nation. It was established in 1955 and as of June of 2018, it had grown to 43 employees and 11,598 members at 5 locations. Best Financial Credit Union's CD rates are 33% higher than 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

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!!!!



Health
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

Overall
NCUA #62027
Year Chartered1955
Employees43
Primary Regulator
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD4.82%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$92.4MM$86.5MM
LoansQ2 2018vs Q2 2017$49.5MM$43.2MM
DepositsQ2 2018vs Q2 2017$73.0MM$67.9MM
Equity CapitalQ2 2018vs Q2 2017$18.7MM$17.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$414.00K$319.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$268.00K$159.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$100-IRA Savings
0.50%*-$10kKasasa Saver
OTHER TIERS: 0.25% $10k+
0.25%$100-Christmas Club
0.25%$100-Any Reason for All Seasons
0.15%$100-Share Savings
0.15%$100-Association Savings
0.15%$100-Member Choice
0.15%$100-Zoogles Account
0.15%$100-Super Savers
0.15%$100-Next Gen Account

Best Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Easy Access Money Market
OTHER TIERS: 0.15% Up to $2.5k | 0.25% $2.5k - $7.5k | 0.30% $7.5k - $25k | 0.35% $25k - $50k

Best Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$10kKasasa Cash
OTHER TIERS: 0.25% $10k+

Best Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$500-60 Month Share Certificate
1.70%$500-48 Month Share Certificate
1.50%$500-36 Month Share Certificate
1.40%$500-24 Month Share Certificate
1.26%$100$2.5k12 Month Super Kids Share Certificate
1.20%$500-12 Month Share Certificate
0.65%$500-6 Month Share Certificate

Best Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$500-60 Month IRA Certificate
1.70%$500-48 Month IRA Certificate
1.50%$500-36 Month IRA Certificate
1.40%$500-24 Month IRA Certificate
1.20%$500-12 Month IRA Certificate
0.65%$500-6 Month IRA Certificate
Locations


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
Branch Office612 W Savidge StSpring Lake, MI 49456
Branch Office981 3rd StMuskegon, MI 49440-1236

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