Best Financial Credit Union


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

Best Financial Credit Union is headquartered in Muskegon and is the 104th largest credit union in the state of Michigan. It is also the 1,624th largest credit union in the nation. It was established in 1955 and as of June of 2022, it had grown to 39 employees and 12,613 members at 2 locations. Best Financial Credit Union has an A+ health rating.

Field of Membership Restrictions

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.
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!!!!



Health
A+

Health Grade Components

Overall
NCUA #62027
Year Chartered1955
Employees39
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD3.83%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$128.1MM$123.6MM
LoansQ2 2022vs Q2 2021$80.8MM$77.9MM
DepositsQ2 2022vs Q2 2021$105.5MM$101.7MM
Equity CapitalQ2 2022vs Q2 2021$22.0MM$21.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$589.00K$438.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$153.00K$69.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Best Financial Credit Union are currently being reviewed.

Locations


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

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