Best Financial Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.50%	Reward Checking	Kasasa Cash 1.92% - National Average
0.50%	Reward Savings	Kasasa Saver 0.86% - National Average
2.20%	5-year CD	60 Month Share Certificate 2.50% - Ally Bank High Yield 5 Year CD

View all Best Financial Credit Union rates »

Overview / Commentary

bestfinancialcu.org

231-733-1329

1888 E Sherman Blvd
Muskegon, MI 49444-1822

Best Financial Credit Union is headquartered in Muskegon and is the 113^th largest credit union in the state of Michigan. It is also the 1,727^th largest credit union in the nation. It was established in 1955 and as of December of 2017, it had grown to 39 employees and 11,214 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)

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Featured Account Options

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!!!!

Comment

2

Health

A

Data as of Q4 2017

Learn why bank health matters

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 Chartered	1955
Employees	39
Primary Regulator

Profit Margin
Return on Assets - YTD	1%
Return on Equity - YTD	4.73%
Annual Interest Income	$2.9MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$86.6MM$82.0MM
Loans	Q4 2017vs Q4 2016	$47.6MM$41.9MM
Deposits	Q4 2017vs Q4 2016	$67.6MM$63.7MM
Equity Capital	Q4 2017vs Q4 2016	$18.3MM$17.4MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$346.00K$270.00K
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$219.00K$243.00K
Real Estate Owned	Q4 2017vs Q4 2016	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
0.65%	$100	-	IRA Savings
0.50%^*	-	$10k	Kasasa 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 Account
0.15%	$100	-	Youth Account

Best Financial Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$50k^*	-	Easy Access Money Market
OTHER TIERS: 0.15% → Up to $2,500 \| 0.25% → $2,500 - $7,500 \| 0.30% → $7,500 - $25k \| 0.35% → $25k - $50k

Best Financial Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.50%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.25% → $10k+

Best Financial Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
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	$2,500	12 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

APY	MIN	MAX	ACCOUNT NAME
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 Office	1888 E Sherman Blvd	Muskegon, MI 49444-1822
Branch Office	1150 Amity Ave	Muskegon, MI 49442
Branch Office	1122 S Getty St	Muskegon, MI 49442
Branch Office	612 W Savidge St	Spring Lake, MI 49456
Branch Office	981 3rd St	Muskegon, MI 49440-1236

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