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Overview / Commentary
269-345-7804
7040 Stadium Dr
Kalamazoo, MI 49009-6272

Consumers CU (MI) is headquartered in Kalamazoo and is the 16th largest credit union in the state of Michigan. It is also the 376th largest credit union in the nation. It was established in 1964 and as of December of 2015, it had grown to 215 employees and 68,837 members at 15 locations. Consumers CU (MI)'s money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Consumers CU of Michigan is open to the residents, people maintaining employment, church members and registered college students located within the lower Michigan Peninsula Region, seniors of 55+years that receive retirement income compensation and live in the local counties, as well as the relatives and the household occupants of current CU members.
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Related Posts

Consumers CU (MI) Features "Watch Your Deposits Grow" MMA Special - 4/17/2016

Consumers CU (MI) is promoting its new "Watch Your Deposits Grow" MMA Special (1.25% APY). Minimum deposit is $2.5k of new money, with a balance cap of $500k.

Consumers Credit Union (MI) Adds Top Rate Money Market Account - 6/26/2015

Consumer Credit Union (Michigan) has introduced a Save With Consumers Money Market (1.25% APY). Minimum deposit is $2.5K, with a balance cap of $250K. New money only.

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Reviews (1)

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
A

Health Grade Components

Overall
NCUA #62172
Year Chartered1964
Employees215
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD13.08%
Annual Interest Income$25.3MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$674.5MM$585.4MM
LoansQ4 2015vs Q4 2014$601.4MM$496.3MM
DepositsQ4 2015vs Q4 2014$556.2MM$477.8MM
Equity CapitalQ4 2015vs Q4 2014$65.3MM$56.8MM
Loan Loss AllowanceQ4 2015vs Q4 2014$2.5MM$3.5MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$2.0MM$1.5MM
Real Estate OwnedQ4 2015vs Q4 2014$412.00K$954.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Consumers CU (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Roth IRA Account
0.50%--Educational IRA Account
0.50%--Traditional IRA Account
0.50%--SEP IRA Account
0.25%--Christmas Savings Account
0.10%$50-Savings Account
0.10%$50-Business Savings Account

Consumers CU (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--IRA Money Market Account
0.50%--Roth IRA Money Market Account
0.50%--Educational IRA Money Market Account
0.40%*$250k*-Business Money Market Account
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k | 0.35% $100k - $250k
0.40%*$250k*-Municipality Money Market
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k | 0.35% $100k - $250k
0.35%*$250k*-Money Market Account
OTHER TIERS: 0.10% $2,500 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k | 0.30% $100k - $250k

Consumers CU (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$250k*-Business Plus Checking
OTHER TIERS: 0.15% $10k - $25k | 0.20% $25k - $100k | 0.25% $100k - $250k
0.25%*$25k*-Interest Checking Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k

Consumers CU (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%*$25k*-60 Month CD
OTHER TIERS: 1.36% $1k - $25k
0.75%$100$10k12 - 60 Months Youth CD
0.74%*$25k*-36 Month CD
OTHER TIERS: 0.69% $1k - $25k
0.50%*$25k*-24 Month CD
OTHER TIERS: 0.45% $1k - $25k
0.35%*$25k*-12 Month CD
OTHER TIERS: 0.30% $1k - $25k
0.15%*$25k*-6 Month CD
OTHER TIERS: 0.10% $1k - $25k

Consumers CU (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%*$25k*-60 Month IRA
OTHER TIERS: 1.36% $1k - $25k
0.74%*$25k*-36 Month IRA
OTHER TIERS: 0.69% $1k - $25k
0.50%*$25k*-24 Month IRA
OTHER TIERS: 0.45% $1k - $25k
0.35%*$25k*-12 Month IRA
OTHER TIERS: 0.30% $1k - $25k
0.15%*$25k*-6 Month IRA
OTHER TIERS: 0.10% $1k - $25k
Locations

Consumers CU (MI) has 15 locations. Click to view all Consumers CU (MI) locations.