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Best Financial Credit Union


Overview / Commentary
bestfinancialcu.org
231-733-1329
1888 E Sherman Blvd
Muskegon, MI 49444

Best Financial Credit Union is headquartered in Muskegon and is the 109th largest credit union in the state of Michigan. It is also the 1,700th largest credit union in the nation. It was established in 1955 and as of December of 2019, it had grown to 43 employees and 11,694 members at 3 locations. Best Financial Credit Union's money market rates are 2X 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: |

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!!!!

2


Health
A

Data as of Q4 2019

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 Chartered1955
Employees43
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD4.18%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$93.2MM$89.1MM
LoansQ4 2019vs Q4 2018$65.0MM$55.4MM
DepositsQ4 2019vs Q4 2018$72.3MM$69.6MM
Equity CapitalQ4 2019vs Q4 2018$19.9MM$19.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$491.00K$409.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$233.00K$106.00K
Real Estate OwnedQ4 2019vs Q4 2018$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
0.90%*$50k*-Easy Access Money Market
OTHER TIERS: 0.15% → $1.2k - $2.5k | 0.60% → $2.5k - $7.5k | 0.70% → $7.5k - $25k | 0.80% → $25k - $50k

Best Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%-$10kKasasa Cash

Best Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%$100$2.5k12 Month Super Kids Share Certificate
1.05%$500-60 Month Share Certificate
0.95%$500-48 Month Share Certificate
0.85%$500-36 Month Share Certificate
0.75%$500-24 Month Share Certificate
0.65%$500-12 Month Share Certificate
0.60%$500-6 Month Share Certificate

Best Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$500-60 Month IRA Certificate
0.95%$500-48 Month IRA Certificate
0.85%$500-36 Month IRA Certificate
0.75%$500-24 Month IRA Certificate
0.65%$500-12 Month IRA Certificate
0.60%$500-6 Month IRA Certificate
Locations


Best Financial Credit Union Locations
Main Office1888 E Sherman BlvdMuskegon, MI 49444-1822
Branch Office612 W Savidge StSpring Lake, MI 49456
Branch Office388 W Clay AveMuskegon, MI 49440-1227

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.