Community Financial Credit Union (MI)

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.cfcu.org

877-937-2328

500 S Harvey St
Plymouth, MI 48170

Community Financial Credit Union (MI) is headquartered in PLYMOUTH and is the 15^th largest credit union in the state of Michigan. It is also the 299^th largest credit union in the nation. It was established in 1951 and as of December of 2024, it had grown to 334 employees and 83,996 members at 14 locations. Community Financial Credit Union (MI)'s savings rates are 19X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Community Financial is open to anyone (including business and legal entities) who lives, works, worships, or attends school within the state of Michigan. Immediate family members of membership-eligible individuals also qualify for membership.
See current membership details

Reviews (2)

Write a Review

14% Up To 1K; Bonuses Of $750 Per & Bus Ck Very Good

Posted by: sunnyismoney | Mar 8, 2024

apy of 14% only up to 1k; their bonuses for opening personal & business checking r worthwhile

Comment

Great APY For Savings

Posted by: kkaese | Jan 31, 2024

Have had no issues with CFCU aside from them not using Plaid, so you have to manually verify external accounts, but it’s not anything more than a minor inconvenience.

I checked and as of this morning (1/31/23) they changed the APY on the savings 10%->14%. Definitely a nice surprise this morning!

Health

B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68631
Year Chartered	1951
Employees	334
Primary Regulator

Profit Margin
Return on Assets - YTD	0.03%
Return on Equity - YTD	0.36%
Annual Interest Income	$88.8MM

Assets and Liabilities
Assets	Q4 2024vs Q4 2023	$1.58B$1.59B
Loans	Q4 2024vs Q4 2023	$1.38B$1.48B
Deposits	Q4 2024vs Q4 2023	$1.36B$1.34B
Equity Capital	Q4 2024vs Q4 2023	$149.6MM$149.1MM
Loan Loss Allowance	Q4 2024vs Q4 2023	$9.3MM$8.7MM
Unbacked Noncurrent Loans	Q4 2024vs Q4 2023	$14.9MM$10.4MM
Real Estate Owned	Q4 2024vs Q4 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.54%

Our Rating

4.2 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

3.70%

Our Rating

4.3 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Community Financial Credit Union (MI) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
10.00%^*	$0	$1k	High Yield Savings Special
OTHER TIERS: 0.10% → $1k+
0.05%	$100	-	Basic Savings Account
0.05%	$0	-	Youth Savings Account
0.05%	$0	-	Holiday Savings Account
0.05%	$0	-	Health Savings Accounts

Community Financial Credit Union (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.20%^*	$5m^*	-	Money Market Account
OTHER TIERS: 1.10% → $2k - $15k \| 1.30% → $15k - $25k \| 1.60% → $25k - $50k \| 1.70% → $50k - $100k \| 2.00% → $100k - $250k \| 2.50% → $250k - $500k \| 3.25% → $500k - $1m \| 3.50% → $1m - $5m

Community Financial Credit Union (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$100	-	90 Day Share Certificate Special
3.75%	$100	-	8 Month Share Certificate Special
1.16%	$100	-	1 Year President’s Club Certificate
1.15%	$100	-	2 Year President’s Club Certificate
1.10%	$100	-	180 Day President’s Club Certificate
1.10%	$100	-	5 Year President’s Club Certificate
1.05%	$100	-	3 Year President’s Club Certificate
1.05%	$100	-	4 Year President’s Club Certificate

Community Financial Credit Union (MI) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$100	-	90 Day IRA Certificate Special
3.75%	$100	-	8 Month IRA Certificate Special
1.16%	$100	-	1 Year President’s Club IRA Certiificate
1.15%	$100	-	2 Year President’s Club IRA Certiificate
1.10%	$100	-	180 Day President’s Club IRA Certiificate
1.10%	$100	-	5 Year President’s Club IRA Certiificate
1.05%	$100	-	3 Year President’s Club IRA Certiificate
1.05%	$100	-	4 Year President’s Club IRA Certiificate
0.05%	$0	-	IRA Savings Account

Locations

Availability

Detroit Area

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