Overview / Commentary
269-345-7804
7200 Elm Valley Dr
Kalamazoo, MI 49009-6272

Consumers CU (MI) is headquartered in Kalamazoo and is the 11th largest credit union in the state of Michigan. It is also the 284th largest credit union in the nation. It was established in 1964 and as of December of 2018, it had grown to 266 employees and 92,707 members at 13 locations. Consumers CU (MI) has an A health rating.

Field of Membership Restrictions

Membership in Consumers Credit Union is open to those who live, work, attend school, or worship in the Lower Peninsula of Michigan.
See current membership details

Related Posts

Consumers Credit Union (MI) Debuts 19-Month CD - 10/29/2018

Consumers Credit Union (MI) is offering a 19-month Grand Opening CD, which earns 3.04% APY. Minimum deposit is $1k of new money, and is capped at $250k per household.

View all posts from:


Reviews (2)

Review of Consumers Credit Union

We have been thrilled after our move to Consumers, everything is much less in fees, and we're able to take advantage of higher interest rates on both our checking and savings accounts.

Overall, A Very Positive Place To Bank

My wife and I have been members of Consumer's Credit Union in Kalamazoo, MI for several years now. I would say that we have been very satisfied with our experience thus far. The offices have a very friendly feeling, ranging from the politeness of the staff, the free coffee, and fast service. Their web-site is incredibly helpful, where you can do online banking, bill-pay, etc. I can even get text messages sent to my phone when I want to check the balance of our account.

The only negative experiences we have had over the years have been when we failed to pay attention to our account balance and overdrew our account. I accept responsibility for the failure on our part when this has happened, but in one or two instances I called customer service to plea for their help. It was actually a desparate situation that we were in financially, and I ended up having a one-dollar coffee cost $31.00 (with the overdraft fee). I explained my situation to the girl at customer service, and it really didn't seem like she had an ounce of humanity in her cold body. Yes, rules are rules. It was my fault. But we all make mistakes, and in a bad situation, it really seemed like a very degrading respnse that she gave.

I still like the credit union, and aside from a few excessive fees, I am very happy with my membership there.



Health

Health Grade Components

Overall
NCUA #62172
Year Chartered1964
Employees266
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD12.34%
Annual Interest Income$42.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.09B$934.3MM
LoansQ4 2018vs Q4 2017$959.1MM$827.8MM
DepositsQ4 2018vs Q4 2017$868.7MM$751.2MM
Equity CapitalQ4 2018vs Q4 2017$100.4MM$88.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.6MM$2.5MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.8MM$2.7MM
Real Estate OwnedQ4 2018vs Q4 2017$228.00K$424.00K
Rates

Rates for Consumers CU (MI) are currently being reviewed.

Locations

Availability

Grand Rapids Area

Interactive local rates map


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.