Community Choice Credit Union (MI)

Overview / Commentary
31155 Northwestern Hwy
Farmington Hills, MI 48334

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 263rd largest credit union in the nation. It was established in 1935 and as of March of 2024, it had grown to 354 employees and 114,928 members at 24 locations. Community Choice Credit Union (MI) has a B+ 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

Reviews (4)

Great CU! Highly recommended

Posted by: |

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: |

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: |

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: |

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 - YTD0.74%
Return on Equity - YTD9.18%
Annual Interest Income$20.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.84B$1.81B
LoansQ1 2024vs Q1 2023$1.35B$1.3B
DepositsQ1 2024vs Q1 2023$1.57B$1.57B
Equity CapitalQ1 2024vs Q1 2023$146MM$139.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$8.8MM$5.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$5.4MM$4.4MM
Real Estate OwnedQ1 2024vs Q1 2023$0$18K

Rates for Community Choice Credit Union (MI) are currently being reviewed.



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