Community Financial Credit Union (MI)
Community Financial Credit Union (MI) is headquartered in PLYMOUTH and is the 15th largest credit union in the state of Michigan. It is also the 299th 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) 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
14% Up To 1K; Bonuses Of $750 Per & Bus Ck Very Good
apy of 14% only up to 1k; their bonuses for opening personal & business checking r worthwhile
Great APY For Savings
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!
Data as of Q4 2024
Learn why bank health mattersHealth 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 |
