Construction Federal Credit Union

Overview / Commentary

www.cfcuonline.com

248-358-4140

30400 Telegraph Road, Suite 122 Bingham Office Park
Bingham Farms, MI 48025

Construction Federal Credit Union is headquartered in Bingham Farms and is the 182^nd largest credit union in the state of Michigan. It is also the 3,303^rd largest credit union in the nation. It was established in 1974 and as of March of 2019, it had grown to 4 employees and 1,402 members at 1 location. Construction Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Construction Federal Credit Union is open to members of the Construction Association of Michigan.
See current membership details

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2019

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Construction Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	21798
Year Chartered	1974
Employees	4
Primary Regulator

Profit Margin
Return on Assets - YTD	0.13%
Return on Equity - YTD	0.87%
Annual Interest Income	$160.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$21.0MM$21.5MM
Loans	Q1 2019vs Q1 2018	$9.1MM$7.1MM
Deposits	Q1 2019vs Q1 2018	$17.8MM$18.3MM
Equity Capital	Q1 2019vs Q1 2018	$3.2MM$3.2MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$155.00K$165.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$144.00K$182.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$0

Rates

Skip to rates for:

Savings
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Construction Federal Credit Union; 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.

Construction Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.87%	$100k	-	Jumbo IRA Savings
0.60%	$1	-	Pass Book Savings IRA
0.10%	$2.5k	-	Savings

Construction Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$2.5k	-	Checking

Construction Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.35%	$5k	-	13 Month Certificate Special - New Money
0.83%	$100k	-	12 Month Jumbo Certificate
0.77%^*	$10k^*	-	36 Month Certificate
OTHER TIERS: 0.74% → $2.5k - $10k
0.75%^*	$10k^*	-	30 Month Certificate
OTHER TIERS: 0.71% → $2.5k - $10k
0.73%^*	$10k^*	-	24 Month Certificate
OTHER TIERS: 0.70% → $2.5k - $10k
0.67%^*	$10k^*	-	18 Month Certificate
OTHER TIERS: 0.60% → $2.5k - $10k
0.43%^*	$10k^*	-	12 Month Certificate
OTHER TIERS: 0.31% → $2.5k - $10k
0.23%^*	$10k^*	-	6 Month Certificate
OTHER TIERS: 0.21% → $2.5k - $10k
0.17%^*	$10k^*	-	3 Month Certificate
OTHER TIERS: 0.15% → $2.5k - $10k
0.11%	$10k	-	2 Month Certificate
0.04%	$10k	-	1 Month Certificate

Construction Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.83%	$100k	-	12 Month Jumbo IRA
0.77%^*	$10k^*	-	36 Month IRA
OTHER TIERS: 0.74% → $2.5k - $10k
0.75%^*	$10k^*	-	30 Month IRA
OTHER TIERS: 0.71% → $2.5k - $10k
0.73%^*	$10k^*	-	24 Month IRA
OTHER TIERS: 0.70% → $2.5k - $10k
0.67%^*	$10k^*	-	18 Month IRA
OTHER TIERS: 0.60% → $2.5k - $10k
0.43%^*	$10k^*	-	12 Month IRA
OTHER TIERS: 0.31% → $2.5k - $10k
0.23%^*	$10k^*	-	6 Month IRA
OTHER TIERS: 0.21% → $2.5k - $10k
0.17%^*	$10k^*	-	3 Month IRA
OTHER TIERS: 0.15% → $2.5k - $10k
0.11%	$10k	-	2 Month IRA
0.04%	$10k	-	1 Month IRA

Locations

Construction Federal Credit Union Locations
Branch Office	30400 Telegraph Rd Ste 122 Bingham Office Park	Bingham Farms, MI 48025

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.