Best Financial Credit Union is headquartered in Muskegon and is the 101st largest credit union in the state of Michigan. It is also the 1,626th largest credit union in the nation. It was established in 1955 and as of September of 2020, it had grown to 41 employees and 11,758 members at 3 locations. Best Financial Credit Union has an A+ health rating.
Best Financial Credit Union is open to anyone who lives, works, worships, or goes to school in Kent, Muskegon, Newaygo, Oceana or Ottawa Counties in Michigan.
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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!!!!
Overall | |
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NCUA # | 62027 |
Year Chartered | 1955 |
Employees | 41 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.7% |
Return on Equity - YTD | 3.77% |
Annual Interest Income | $2.9MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $111.3MM$91.1MM |
Loans | Q3 2020vs Q3 2019 | $68.4MM$59.5MM |
Deposits | Q3 2020vs Q3 2019 | $89.8MM$70.5MM |
Equity Capital | Q3 2020vs Q3 2019 | $20.4MM$19.8MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $487.00K$470.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $63.00K$156.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.35%* | $50k* | - | Easy Access Money Market | ||
OTHER TIERS: 0.15% → $1.2k - $2.5k | 0.20% → $2.5k - $7.5k | 0.25% → $7.5k - $25k | 0.30% → $25k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.25% | - | $10k | Kasasa Cash |
Best Financial Credit Union Locations | ||
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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 |