CP Federal Credit Union

Overview / Commentary
1100 Clinton Rd
Jackson, MI 49202

CP Federal Credit Union is headquartered in Jackson and is the 34th largest credit union in the state of Michigan. It is also the 589th largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 161 employees and 56,958 members at 10 locations. CP Federal Credit Union has an A health rating.

Field of Membership Restrictions

Federal Credit Union is open to those who work in the Consumers Energy or several other companies in the Jackson, Brooklyn, Parma or Ingham area.
See current membership details

Reviews (1)

A Little Slow, But Otherwise Great

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CP Federal Credit Union is a wonderful place to bank. Their branches are in convenient locations, the people who work there professional and courteous. The people who help you open accounts or take out loans, etc., and very informational and eager to help you find what suites your needs the best. They are not pushy, nor do they try to change your mind. The only thing that keeps me from giving them a "5" on the scale is that teller server is very slow. The reason for that is the system they use has many checks and balances to make sure they are correct in all transactions. That part of it is much slower than any other place we have banked with. However, all of the other positives outweigh a bit of a lengthier transaction time and we love our bank!


Health Grade Components

NCUA #8667
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD4.58%
Annual Interest Income$10.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$552.5MM$470.6MM
LoansQ2 2020vs Q2 2019$362.9MM$356.8MM
DepositsQ2 2020vs Q2 2019$490.6MM$408.8MM
Equity CapitalQ2 2020vs Q2 2019$57.1MM$55.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.6MM$2.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.9MM$3.5MM
Real Estate OwnedQ2 2020vs Q2 2019$201.00K$32.00K
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Always verify rates and promotions with the bank or credit union. We are not CP Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

CP Federal Credit Union Savings Account Rates

0.35%--Christmas Club
0.35%--Vacation Club
0.25%--IRA Share
0.25%--Roth IRA Share
0.25%--Traditional IRA
0.10%--Regular Shares
0.10%--Business Savings
0.10%--CP Money Tree
0.10%--Shares Pledged

CP Federal Credit Union Money Market Rates

0.25%*$50k*-Super Cash Money Market
OTHER TIERS: 0.15% $5k - $20k | 0.20% $20k - $50k

CP Federal Credit Union Checking Account Rates

2.25%*-$10kMichigan Made Checking w/ Superior (11+ Points)
OTHER TIERS: 0.50% $25k+ | 1.25% $10k - $25k
2.00%*-$10kMichigan Made Checking w/ Michigan (6-10 Points)
OTHER TIERS: 0.35% $25k+ | 1.00% $10k - $25k
0.50%*-$10kMichigan Made Checking w/ Huron (4-5 Points)
OTHER TIERS: 0.10% $25k+ | 0.25% $10k - $25k
0.25%*-$10kMichigan Made Checking w/ Ontario (2-3 Points)
OTHER TIERS: 0.05% $20k+ | 0.15% $10k - $20k
0.10%--Business Checking
0.10%--Golden Power Senior Checking Account

CP Federal Credit Union CD Rates

1.00%$500-60 Month Share Certificate
0.85%$500-48 Month Share Certificate
0.70%$500-36 Month Share Certificate
0.55%$500-30 Month Share Certificate
0.50%$500-24 Month Share Certificate
0.45%$500-18 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate
0.15%$500-3 Month Share Certificate

CP Federal Credit Union IRA Rates

1.00%$500-60 Month IRA Certificate
0.85%$500-48 Month IRA Certificate
0.70%$500-36 Month IRA Certificate
0.55%$500-30 Month IRA Certificate
0.50%$500-24 Month IRA Certificate
0.45%$500-18 Month IRA Certificate
0.40%$500-12 Month IRA Certificate
0.25%$500-6 Month IRA Certificate
0.15%$500-3 Month IRA Certificate

Cities: Brooklyn, Grass Lake, Jackson, Mason, Parma, Saline

Brooklyn Branches
Branch Office131 S Main StBrooklyn, MI 49230

Grass Lake Branches
Branch Office670 E Michigan AveGrass Lake, MI 49240

Jackson Branches
Branch Office1210 W Parnall RdJackson, MI 49201-7012
Branch Office1 Energy Plaza DrJackson, MI 49201-2357
Branch Office165 W Michigan AveJackson, MI 49201-1313
Branch Office2055 Spring Arbor RdJackson, MI 49203
Branch Office1100 Clinton RdJackson, MI 49202-2060

Mason Branches
Branch Office103 E Kipp RdMason, MI 48854-8202

Parma Branches
Branch Office121 W Main StParma, MI 49269-8904

Saline Branches
Branch Office559B E Michigan AveSaline, MI 48176-1588

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