Advertising Disclosure
  1. Banks
  2. Credit Union One (MI)

Credit Union One (MI)


Overview / Commentary
www.cuone.org
800-451-4292
400 E 9 Mile Rd
Ferndale, MI 48220

Credit Union One (MI) is headquartered in Ferndale and is the 13th largest credit union in the state of Michigan. It is also the 275th largest credit union in the nation. It was established in 1938 and as of June of 2024, it had grown to 325 employees and 112,151 members at 15 locations. Credit Union One (MI)'s CD rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Credit Union One is open to anyone who lives, works, worships, or attends school anywhere in the state of Michigan.
See current membership details

Related Posts

View all posts from:


Reviews (5)

Do Not Bank Here

Posted by: |

Find a better financial institution. After being a member of Credit Union One for over 20 years, I will be closing all of our accounts. On a Saturday afternoon, my family experienced a tragedy, and we needed to admit three of our pets to a vet hospital. However, I was unable to leave a deposit because the credit union has an arbitrary spending limit and, due to their very limited hours of operation, we couldn't reach anyone by phone to resolve the issue. Our pets were unable to receive treatment because Credit Union One prevented us from accessing our money in our accounts.

1

Stay Away. Unmotivated, Rude Staff. Unprofessional.

Posted by: |

Stay away. Unmotivated, rude staff. They are not representing clients best interest. After 30+ years, we were trying to wire out funds of $500k in the account. They DENIED to wire. Based on the question as to "WHY" the unbelievable response of the manager was "because we do not have to" - RUN!!!

1

CU One Trusting A 30 Year Member!

Posted by: |

I have been a member of the subject Credit Union for 30+ years.
Over the last few of those years I have been denied returned funds from Bogus Merchants, even after proving my cases over and over!
This credit union seems to always side with the merchant even when the Member has all the proof of FRAUD! HERE IS THE LATEST EXAMPLE!
*********************************************************
DISPUTE TRANSATION WISH: 05/12/22 _ I rec'd the merchandise on 05/30/22... contacted WISH 05/31/22 to return ALL ITEMS! Needed a return label which they refused to send! I kept communicating w/ them via website https://www.wish.com/?hide_login_modal=true&source_feed_page_view_id=1659044486_5c5ec769dcff40ff8bf4b2d152fafad8_FeedPage they ignored my request over and over

*Date(s) (06.01, 06/02, 06/03, 12 (2 x) on the 12th is when I contacted CU One because the ongoing lack of communication from WISH for a return label the day after I received the merchandise... I informed WISH over & over about the products NOT fitting & needed to return! WISH ignored my plea! Now I receive a letter from the Dispute department 2 months later?
* A detailed explanation of the difference between the service requested vs. what was received. THEY DO NOT FIT PROPERLY!
Copy of the invoice was piece mailed... or other supporting documentation may be required to support your claim.
* What date (05/30/22) were the services received?
* What date (05/31/22) was cancellation/refund requested?
I will now send an email to: [email protected] as I just received this email today 07/28/22.

1

Go Elsewhere!

Posted by: |

I own outright over a 250,000 dollar home and went to them for a small 35,000 HELOC (which they advertise that they give 90% LTV. I wasn't even asking for 50%LTV. They came back with stating they will give me 20,000 because of a bankruptcy filing due to going out on disability from my job back in 2017. They are a joke. Don't let them run your credit as its a waste unless you have a flawless credit report in this day and age. Oh and the guy running the HELOC department named Alex sounds like his is 20 working out of his Apartment.

1

Online Banking Privacy Issue

Posted by: |

Credit Union One (CUO) has an enormous issue with their online banking system. My spouse and I opened three checking/savings accounts in 2020. Two for each of our personal-funds use, and the third to serves as joint/shared checking/saving source; neither of us having access to the other's personal-funds accounts. However, CUO's system merged the activities history of my spouse's personal account with those of our joint account, which is a total violation of my spouse's privacy, and allowed me viewing and access to an account I was not authorized to view or access. In addition, I am dealing with accusations, by my spouse, of invading her privacy. All the result of CUO's substandard, unstable, and faulty functioning online banking system. Customers beware, it would appear your PPI (Protected Personal Information) is not protected, and definitely does not remain private, at Credit Union One!

1


Health
B+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #62562
Year Chartered1938
Employees325
Primary Regulator
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD10.09%
Annual Interest Income$40.4MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.73B$1.76B
LoansQ2 2024vs Q2 2023$1.2B$1.19B
DepositsQ2 2024vs Q2 2023$1.57B$1.61B
Equity CapitalQ2 2024vs Q2 2023$150.8MM$130.2MM
Loan Loss AllowanceQ2 2024vs Q2 2023$10MM$9.2MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$5.3MM$3.1MM
Real Estate OwnedQ2 2024vs Q2 2023$64K$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Credit Union One (MI); 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.

Credit Union One (MI) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-IRA Savings
0.05%$0-Business Savings
0.05%$0-Personal Savings Account

Credit Union One (MI) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$100k*-Insured Money Market Account
OTHER TIERS: 0.05% → $1k - $2k | 0.10% → $2k - $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k | 0.50% → $50k - $100k
0.55%*$100k*-Business Insured Money Market
OTHER TIERS: 0.05% → $1k - $2k | 0.10% → $2k - $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k | 0.50% → $50k - $100k

Credit Union One (MI) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$0-Business Interest Checking

Credit Union One (MI) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.33%$500-6 Month CD
4.33%$500-Business 6 Month CD
4.07%$500-3 Month CD
4.07%$500-Business 3 Month CD
3.56%$500-12 Month CD
3.56%$500-Business 12 Month CD
3.30%*$100k*-18 Month CD
OTHER TIERS: 2.53% → $500 - $10k | 2.71% → $10k - $25k | 3.04% → $25k - $50k | 3.15% → $50k - $100k
3.30%*$100k*-Business 18 Month CD
OTHER TIERS: 2.53% → $500 - $10k | 2.71% → $10k - $25k | 3.04% → $25k - $50k | 3.15% → $50k - $100k
2.78%*$100k*-48 Month CD
OTHER TIERS: 1.87% → $500 - $10k | 1.97% → $10k - $25k | 2.11% → $25k - $50k | 2.53% → $50k - $100k
2.78%*$100k*-60 Month CD
OTHER TIERS: 1.87% → $500 - $10k | 1.97% → $10k - $25k | 2.11% → $25k - $50k | 2.53% → $50k - $100k
2.78%*$100k*-Business 48 Month CD
OTHER TIERS: 1.87% → $500 - $10k | 1.97% → $10k - $25k | 2.11% → $25k - $50k | 2.53% → $50k - $100k
2.78%*$100k*-Business 60 Month CD
OTHER TIERS: 1.87% → $500 - $10k | 1.97% → $10k - $25k | 2.11% → $25k - $50k | 2.53% → $50k - $100k
2.53%*$100k*-24 Month CD
OTHER TIERS: 1.76% → $500 - $10k | 1.87% → $10k - $25k | 2.17% → $25k - $50k | 2.27% → $50k - $100k
2.53%*$100k*-36 Month CD
OTHER TIERS: 1.76% → $500 - $10k | 1.87% → $10k - $25k | 2.17% → $25k - $50k | 2.27% → $50k - $100k
2.53%*$100k*-Business 24 Month CD
OTHER TIERS: 1.76% → $500 - $10k | 1.87% → $10k - $25k | 2.17% → $25k - $50k | 2.27% → $50k - $100k
2.53%*$100k*-Business 36 Month CD
OTHER TIERS: 1.76% → $500 - $10k | 1.87% → $10k - $25k | 2.17% → $25k - $50k | 2.27% → $50k - $100k

Credit Union One (MI) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.33%$500-6 Month IRA
4.07%$500-3 Month IRA
3.56%$500-12 Month IRA
3.30%*$100k*-18 Month IRA
OTHER TIERS: 2.53% → $500 - $10k | 2.71% → $10k - $25k | 3.04% → $25k - $50k | 3.15% → $50k - $100k
2.78%*$100k*-48 Month IRA
OTHER TIERS: 1.87% → $500 - $10k | 1.97% → $10k - $25k | 2.11% → $25k - $50k | 2.53% → $50k - $100k
2.78%*$100k*-60 Month IRA
OTHER TIERS: 1.87% → $500 - $10k | 1.97% → $10k - $25k | 2.11% → $25k - $50k | 2.53% → $50k - $100k
2.53%*$100k*-24 Month IRA
OTHER TIERS: 1.76% → $500 - $10k | 1.87% → $10k - $25k | 2.17% → $25k - $50k | 2.27% → $50k - $100k
2.53%*$100k*-36 Month IRA
OTHER TIERS: 1.76% → $500 - $10k | 1.87% → $10k - $25k | 2.17% → $25k - $50k | 2.27% → $50k - $100k
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.