Community Financial Credit Union (MI) is headquartered in PLYMOUTH and is the 16th largest credit union in the state of Michigan. It is also the 309th largest credit union in the nation. It was established in 1951 and as of March of 2025, it had grown to 324 employees and 83,992 members at 14 locations. Community Financial Credit Union (MI)'s savings rates are 19X the national average, and it has a B health rating.
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
apy of 14% only up to 1k; their bonuses for opening personal & business checking r worthwhile
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!
Overall | |
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NCUA # | 68631 |
Year Chartered | 1951 |
Employees | 324 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.15% |
Return on Equity - YTD | 1.6% |
Annual Interest Income | $21MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $1.54B$1.62B |
Loans | Q1 2025vs Q1 2024 | $1.36B$1.46B |
Deposits | Q1 2025vs Q1 2024 | $1.38B$1.37B |
Equity Capital | Q1 2025vs Q1 2024 | $150.1MM$148.3MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $8.9MM$8MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $13.9MM$6.9MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Community Financial 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.