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Consumers CU (MI)

Popular Accounts at this Credit Union

1.25%Money MarketMoney Market Madness Special
1.45%5-year CD60 Month CD
0.35%1-year CD12 Month CD

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

Consumers CU (MI) is headquartered in Kalamazoo and is the 12th largest credit union in the state of Michigan. It is also the 312th largest credit union in the nation. It was established in 1964 and as of December of 2017, it had grown to 265 employees and 86,268 members at 13 locations. Consumers CU (MI)'s money market rates are 3X the national average, and it 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 CU (MI) Adds One-Time Penalty-Free Withdrawal 21-Month CD - 9/29/2017

Consumers Credit Union (Michigan's Lower Peninsula) has added a 21-month Back To Savings CD (1.75% APY, $1k min), with a one-time penalty-free withdrawal feature.

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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 Grade Components

NCUA #62172
Year Chartered1964
Primary Regulator
Profit Margin
Return on Assets - YTD1.32%
Return on Equity - YTD13.92%
Annual Interest Income$34.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$934.3MM$809.9MM
LoansQ4 2017vs Q4 2016$827.8MM$730.5MM
DepositsQ4 2017vs Q4 2016$751.2MM$654.3MM
Equity CapitalQ4 2017vs Q4 2016$88.0MM$75.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.5MM$2.6MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$2.7MM$2.0MM
Real Estate OwnedQ4 2017vs Q4 2016$424.00K$76.00K
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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

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

1.25%$2,500$500kMoney Market Madness Special
1.25%$2,500$1mBusiness Money Market Special
0.50%--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

0.40%*$250k*-Interest Checking Account
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k | 0.35% $100k - $250k
0.35%*$250k*-Business Plus Checking
OTHER TIERS: 0.15% $10k - $25k | 0.20% $25k - $100k | 0.25% $100k - $250k

Consumers CU (MI) CD Rates

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

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