Overview / Commentary
Consumers CU (MI) is headquartered in Kalamazoo and is the 10th largest credit union in the state of Michigan. It is also the 209th largest credit union in the nation. It was established in 1964 and as of June of 2024, it had grown to 414 employees and 140,122 members at 29 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, or worship in the Lower Peninsula of Michigan.
See current membership details
Related Posts
8/8 - Consumers Credit Union (MI) Unveils Splish Splash Savings, 2.25% APY
6/22 - Consumers CU (MI) Debuts Serious Interest Checking, 4.00% APY
6/20 - Consumers Credit Union (MI) Adds 25-Month CD Special, 3.00% APY
6/22 - Consumers CU (MI) Debuts Serious Interest Checking, 4.00% APY
6/20 - Consumers Credit Union (MI) Adds 25-Month CD Special, 3.00% APY
9/29/17 - Consumers CU (MI) Adds One-Time Penalty-Free Withdrawal 21-Month CD
12/8/16 - 15-Month CD Special With No Early Withdrawal Penalty In Michigan
4/17/16 - Consumers CU (MI) Features "Watch Your Deposits Grow" MMA Special
6/26/15 - Consumers Credit Union (MI) Adds Top Rate Money Market Account
2/24/15 - Consumers CU (MI) "No Hoops" 19-month CD Special Has Top Rate
2/23/15 - Consumers Credit Union (MI) Offers Top Rate No Hoops 19-month CD
11/21/14 - Consumers Credit Union's (MI) Top Rate Gift of Savings 19-month CD
9/25/14 - Consumers Credit Union (MI) Go Big or Go Home 60-Month CD Special
8/9/13 - 5-Year CD Special with Penalty-Free Withdrawal at Consumers CU in Michigan
11/15/12 - Top CD Rates at Consumers Credit Union in Michigan - Local Only
9/29/08 - 4.30% 18-Month CD with Early Withdrawal Feature at Consumers Credit Union in Michigan
4/6/08 - $250 Checking Account Bonus at a Michigan CU (Consumers)
1/26/08 - 5.21% 6-Month / 5.21% 11-Month CD at a Michigan CU (Consumers).
1/4/08 - 5.25% 6-Month / 5.25% 60-Month CD at a Michigan CU - and all terms in between (Consumers)
10/14/06 - 8.00% 7-Month CD at a Michigan CU - $2.5K Max (Consumers).
12/8/16 - 15-Month CD Special With No Early Withdrawal Penalty In Michigan
4/17/16 - Consumers CU (MI) Features "Watch Your Deposits Grow" MMA Special
6/26/15 - Consumers Credit Union (MI) Adds Top Rate Money Market Account
2/24/15 - Consumers CU (MI) "No Hoops" 19-month CD Special Has Top Rate
2/23/15 - Consumers Credit Union (MI) Offers Top Rate No Hoops 19-month CD
11/21/14 - Consumers Credit Union's (MI) Top Rate Gift of Savings 19-month CD
9/25/14 - Consumers Credit Union (MI) Go Big or Go Home 60-Month CD Special
8/9/13 - 5-Year CD Special with Penalty-Free Withdrawal at Consumers CU in Michigan
11/15/12 - Top CD Rates at Consumers Credit Union in Michigan - Local Only
9/29/08 - 4.30% 18-Month CD with Early Withdrawal Feature at Consumers Credit Union in Michigan
4/6/08 - $250 Checking Account Bonus at a Michigan CU (Consumers)
1/26/08 - 5.21% 6-Month / 5.21% 11-Month CD at a Michigan CU (Consumers).
1/4/08 - 5.25% 6-Month / 5.25% 60-Month CD at a Michigan CU - and all terms in between (Consumers)
10/14/06 - 8.00% 7-Month CD at a Michigan CU - $2.5K Max (Consumers).
Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62172 |
| Year Chartered | 1964 |
| Employees | 414 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 8.9% |
| Annual Interest Income | $56.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $2.32B$2.14B |
| Loans | Q2 2024vs Q2 2023 | $2.03B$1.88B |
| Deposits | Q2 2024vs Q2 2023 | $1.86B$1.7B |
| Equity Capital | Q2 2024vs Q2 2023 | $212MM$191.8MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $8.4MM$8.8MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $4.5MM$3.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
