Featured Savings Rates
Featured Accounts

Consumers CU (MI)

Popular Accounts at this Credit Union

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

Overview / Commentary
269-345-7804
7040 Stadium 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 315th largest credit union in the nation. It was established in 1964 and as of September of 2017, it had grown to 266 employees and 86,490 members at 14 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

Health Grade Components

Overall
NCUA #62172
Year Chartered1964
Employees266
Primary Regulator
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD14.34%
Annual Interest Income$25.3MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$921.0MM$785.7MM
LoansQ3 2017vs Q3 2016$816.3MM$697.7MM
DepositsQ3 2017vs Q3 2016$732.5MM$624.0MM
Equity CapitalQ3 2017vs Q3 2016$84.9MM$73.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$2.6MM$2.5MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.7MM$2.9MM
Real Estate OwnedQ3 2017vs Q3 2016$400.00K$418.00K
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
1.25%$2,500$500kMoney Market Madness Special
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
0.40%*$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

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

Availability