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CP Federal Credit Union

Popular Accounts at this Credit Union

2.00%Reward CheckingKasasa Cash
1.00%Reward SavingsKasasa Savings
1.30%5-year CD60 Month Share Certificate

Overview / Commentary
1100 Clinton Rd
Jackson, MI 49202-2060

CP Federal Credit Union is headquartered in Jackson and is the 33rd largest credit union in the state of Michigan. It is also the 593rd largest credit union in the nation. It was established in 1953 and as of June of 2016, it had grown to 146 employees and 49,037 members at 8 locations. CP Federal Credit Union has an A health rating.

Field of Membership Restrictions

Must work in the Consumers Energy or several other companies in the Jackson, Brooklyn, Parma or Ingham area.
See current membership details

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Reviews (1)

A Little Slow, But Otherwise Great

Posted by: Angler220 | Apr 20, 2011

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 - YTD0.89%
Return on Equity - YTD8.16%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$415.1MM$403.2MM
LoansQ2 2016vs Q2 2015$279.6MM$278.4MM
DepositsQ2 2016vs Q2 2015$358.7MM$343.5MM
Equity CapitalQ2 2016vs Q2 2015$45.2MM$42.3MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.8MM$3.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.4MM$2.2MM
Real Estate OwnedQ2 2016vs Q2 2015$519.00K$1.1MM
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* 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

1.00%*-$10kKasasa Savings
OTHER TIERS: 0.35% $10k+
0.35%--Christmas Club Accounts
0.35%--Vacation Club Accounts
0.25%--IRA Share
0.25%--Roth IRA Share
0.10%--Regular Shares
0.10%--Business Savings
0.10%--CP Money time
0.10%--Shares Pledged

CP Federal Credit Union Money Market Rates

0.25%*$50k*-Money Market
OTHER TIERS: 0.15% $5k - $25k | 0.20% $25k - $50k

CP Federal Credit Union Checking Account Rates

2.00%*-$10kKasasa Cash
OTHER TIERS: 0.35% $10k+
0.10%--Business Checking
0.10%--Golden Power Checking Account

CP Federal Credit Union CD Rates

1.30%$500-60 Month Share Certificate
1.00%$500-48 Month Share Certificate
0.90%$500-36 Month Share Certificate
0.60%$500-24 Month Share Certificate
0.60%$500-30 Month Share Certificate
0.35%$500-18 Month Share Certificate
0.30%$500-12 Month Share Certificate
0.20%$500-6 Month Share Certificate
0.15%$500-3 Month Share Certificate

CP Federal Credit Union IRA Rates

1.30%$500-60 Month IRA Certificate
1.00%$500-48 Month IRA Certificate
0.90%$500-36 Month IRA Certificate
0.60%$500-24 Month IRA Certificate
0.60%$500-30 Month IRA Certificate
0.35%$500-18 Month IRA Certificate
0.30%$500-12 Month IRA Certificate
0.20%$500-6 Month IRA Certificate
0.15%$500-3 Month IRA Certificate

CP Federal Credit Union Locations
Branch Office1210 W Parnall RdJackson, MI 49201-7012
Branch Office1 Energy Plaza DrJackson, MI 49201-2357
Branch Office145 Wamplers Lake RdBrooklyn, MI 49230-9585
Branch Office121 W Main StParma, MI 49269-8904
Branch Office165 W Michigan AveJackson, MI 49201-1313
Branch Office103 E Kipp RdMason, MI 48854-8202
Branch Office2055 Spring Arbor RdJackson, MI 49203
Branch Office1100 Clinton RdJackson, MI 49202-2060