Community Choice Credit Union (MI)

Overview / Commentary
31155 Northwestern Hwy
Farmington Hills, MI 48334-2502

Community Choice Credit Union (MI) is headquartered in Farmington Hills and is the 12th largest credit union in the state of Michigan. It is also the 292nd largest credit union in the nation. It was established in 1935 and as of June of 2019, it had grown to 275 employees and 98,264 members at 22 locations. Community Choice Credit Union (MI)'s money market rates are 36% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Community Choice Credit Union membership is open to anyone who resides, worships, or works in Michigan, or is an employee or retiree of General Motors, Kelly Services, Conrail, or AmTrack. Eligibility also extends to immediate family of current credit union members. (Membership requirements are listed in the credit union's online application)
See current membership details

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Reviews (4)

Great CU! Highly recommended

Posted by: ocoyad | Nov 15, 2014

Every interaction I have had as a member of Community Choice Credit Union has been a positive one! Their staff are very friendly, professional, and courteous. Any questions I have are answered with ease and on some occasions, they have told me how to reduce my fees in order to benefit me in the greatest way possible. Staff members are also easy to work with and I am always treated as though I am an individual, not just a member with a number.

Their facilities are visually appealing and very clean; I always appreciate their attention to detail and willingness to improve and renovate when it is desirable or necessary. Their online banking app for smartphones is very well-designed and makes working with them as a credit union even easier and more enjoyable. I would recommend Community Choice Credit Union to everybody I know!

In The Process Of Opening 57-Mon CD With CCCU

Posted by: kaimen | Mar 29, 2016

I am a remote non-member. The process is OK.
1. Open account online.
2. Call the museum to donate $25 and receive your member number in email
3. Forward museum member number to CCCU
4. I will fund the CDs by deposit a check through the credit union shared network. Their instruction says they'll reach out to you in 24-48 hours once you open an account - but I heard from no one for 3 days. So be pro-active.
5. Rate will be locked once fund is received.

Not Happy ...

Posted by: GregNYC | Jan 24, 2019

We closed a CD prematurely, and paid the 180 day penalty. But this credit union did not give us credit for the two weeks of interest in the month of withdrawal accruing before the withdrawal date.

A rep pointed to vague language about monthly accrual of dividends, but it was not, in my view, sufficiently specific to give fair notice of the policy. Nor did the rep mention this unstated policy when we withdrew the funds, just days before, even under their own procedures, the dividends would have accrued.

We got a total stiff-arm from the supervisor when we tried to appeal. An unpleasant experience overall.

Watch Out For FEES!!!

Posted by: sjh13 | Jul 6, 2017

As of 2017: Closing share acct fee $5, Using a shared branch $4, Inactivity fee (6 months) $5, Checking Acct fee $5.95, ATM Fees from $1.75 to up to $5 (!), IRA account closing $25 !!!! Every time I turn around, these folks add another fee! Oh, and NO ACH capability from within the CU.


Health Grade Components

NCUA #64880
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD6.04%
Annual Interest Income$22.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.11B$1.08B
LoansQ2 2019vs Q2 2018$905.7MM$899.7MM
DepositsQ2 2019vs Q2 2018$946.4MM$949.4MM
Equity CapitalQ2 2019vs Q2 2018$107.5MM$97.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$4.6MM$4.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$3.8MM$4.0MM
Real Estate OwnedQ2 2019vs Q2 2018$394.00K$239.00K
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Always verify rates and promotions with the bank or credit union. We are not Community Choice Credit Union (MI); 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.

Community Choice Credit Union (MI) Savings Account Rates

3.00%*$5$500Captain Choice
OTHER TIERS: 0.05% $500+
3.00%*$5$500My Choice
OTHER TIERS: 0.05% $500+
3.00%*-$500Holiday Savings Account
OTHER TIERS: 0.05% $5k+ | 0.50% $500 - $5k
0.10%$100-Daily IRA
0.05%$100-Prime Savings
0.05%$100-Young Adult Savings
0.05%--Daily Share
0.05%$100-Business Savings

Community Choice Credit Union (MI) Money Market Rates

0.60%*$500k*-Money Market Plus
OTHER TIERS: 0.05% Up to $50k | 0.20% $50k - $250k | 0.40% $250k - $500k
0.60%*$500k*-Business Money Market
OTHER TIERS: 0.30% $10k - $100k | 0.40% $100k - $250k | 0.50% $250k - $500k
0.15%*$25k*-Money Market
OTHER TIERS: 0.05% Up to $2k | 0.10% $2k - $25k

Community Choice Credit Union (MI) Checking Account Rates

0.25%*$100k*-Business Premium Checking
OTHER TIERS: 0.10% $3.5k - $50k | 0.15% $50k - $100k
0.25%*$100k*-Business Deluxe Checking
OTHER TIERS: 0.10% $3.5k - $50k | 0.15% $50k - $100k
0.20%*$50k*-Choice Checking
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k - $50k

Community Choice Credit Union (MI) CD Rates

2.25%$500-15 Month Special CD
2.00%$500-30 Month CD Special
1.60%*$100k*-5 Year CD
OTHER TIERS: 1.50% $500 - $100k
1.40%*$100k*-4 Year CD
OTHER TIERS: 1.30% $500 - $100k
1.25%*$100k*-3 Year CD
OTHER TIERS: 1.15% $500 - $100k
0.90%*$100k*-2 Year CD
OTHER TIERS: 0.80% $500 - $100k
0.55%*$100k*-1 Year CD
OTHER TIERS: 0.50% $500 - $100k
0.35%*$100k*-6 Month CD
OTHER TIERS: 0.30% $500 - $100k
0.30%*$100k*-3 Month CD
OTHER TIERS: 0.20% $500 - $100k

Community Choice Credit Union (MI) IRA Rates

2.25%$500-15 Month IRA Special
2.00%$500-30 Month IRA Special
1.60%*$100k*-5 Year IRA
OTHER TIERS: 1.50% $100 - $100k
1.40%*$100k*-4 Year IRA
OTHER TIERS: 1.30% $100 - $100k
1.25%*$100k*-3 Year IRA
OTHER TIERS: 1.15% $100 - $100k
0.90%*$100k*-2 Year IRA
OTHER TIERS: 0.80% $100 - $100k
0.55%*$100k*-1 Year IRA
OTHER TIERS: 0.50% $100 - $100k
0.35%*$100k*-6 Month IRA
OTHER TIERS: 0.30% $100 - $100k


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