Credit Union One (MI)

Overview / Commentary
400 E 9 Mile Rd
Ferndale, MI 48220

Credit Union One (MI) is headquartered in Ferndale and is the 11th largest credit union in the state of Michigan. It is also the 266th largest credit union in the nation. It was established in 1938 and as of December of 2022, it had grown to 305 employees and 119,523 members at 15 locations. Credit Union One (MI)'s CD rates are 2X 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

My experience with Credit Union One

I have been a member at Credit Union One for 10 years now, and over the past 10 years my satisfaction has continued to increase exponentially. I have many experiences with customer service and all of them have been positive experiences. Once, my debit card information had been stolen and unauthorized charges had been made on my card. Credit Union One stopped my card and called me notifying my of suspicious activity. I confirmed there initial thoughts and they sent me out a new card the next day. Over the past 3 years, they have began rolling out a mobile app that allows me to do my online banking very easily from my phone and over the past 6 months they have completely revamped the mobile check deposit. The app experiences has been continuing to improve from its initial inception. The bill pay feature has worked flawlessly and overall I have been extremely satisfied with the services that they have provided and would recommend anyone to use them. The only negative I can think of is that there are not many branches near where I work so sometimes it can be difficult to get in during business hours but with the improvement of the online banking I do not need to go in nearly as much.

Credit Union One - Not for me

I had a checking account with Credit Union One and I ended up having to switch back to a bank. The main reason being, it took days before a deposit would register on the account. For me, that's a deal breaker. If I deposit funds, I expect them available the next day. That did not happen here. I don't know if they have improved this aspect of their service, but as a consumer, I would highly advise they do so. I'm still leery about trying another credit union based upon this experience.
Otherwise, in a nutshell, customer service was alright, fees were reasonable, but timeliness of deposits and withdrawals leave a lot to be desired. I did not have a savings account here, so I can't comment on that.
One good thing is they are partnered with many ATM's so you can use your card and not get an ATM fee, which is a plus.

Is It Just Me Or There Are Many Of Us?

Posted by: |

I am new to the place and there is a credit union one bank in the place where I work, Royal Oak. So thinking it is near and "local" I opened an account there. They even offered me a credit card so called "preapproved". So as I was new and had to develop credit history I thought that was a  good opportunity for me. I have waited for 2 months now just to hear that My application crossed 30 days and has expired, so I need to reapply now. I went to them couple of times within the 2 months  in order to inquire about the application and got a ready made answer that it takes 4-6 weeks in order to approve and once it crossed 4-6 weeks they say I have to reapply again as it has crossed 30 days. Poor me! and I follow them blindly as I need a credit card. I now wish if only they hadn't offered me any card ,I would not have gone through this or I would have tried at other places or for a credit card with safety deposit.

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 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.



Health Grade Components

NCUA #62562
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD8.49%
Annual Interest Income$52.3MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$1.76B$1.82B
LoansQ4 2022vs Q4 2021$1.20B$1.06B
DepositsQ4 2022vs Q4 2021$1.62B$1.67B
Equity CapitalQ4 2022vs Q4 2021$126.5MM$135.8MM
Loan Loss AllowanceQ4 2022vs Q4 2021$3.9MM$3.6MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$4.3MM$2.1MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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* 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

0.15%$5-IRA Savings
0.05%--Business Savings
0.05%--Personal Savings Account

Credit Union One (MI) Money Market Rates

0.55%*$100k*-Insured Money Market Account
OTHER TIERS: 0.05% $1k - $2.5k | 0.10% $2.5k - $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 - $2.5k | 0.10% $2.5k - $10k | 0.25% $10k - $25k | 0.35% $25k - $50k | 0.50% $50k - $100k

Credit Union One (MI) Checking Account Rates

0.01%--Business Interest Checking

Credit Union One (MI) CD Rates

4.07%$500$250kBusiness 10 Month Add-On CD - New Money
4.07%$500$250k10 Month Add-On CD Special - New Money
2.02%*$100k*-12 Month CD
OTHER TIERS: 1.00% $2.5k - $7k | 1.26% $10k - $25k | 1.61% $25k - $50k | 1.71% $50k - $100k
2.02%*$100k*-Business 12 Month CD
OTHER TIERS: 1.00% $2.5k - $25k | 1.61% $25k - $100k
1.92%*$100k*-6 Month CD
OTHER TIERS: 0.90% $2.5k - $7k | 1.00% $10k - $25k | 1.51% $25k - $50k | 1.61% $50k - $100k
1.92%*$100k*-Business 6 Month CD
OTHER TIERS: 0.90% $2.5k - $25k | 1.51% $25k - $100k
1.82%*$100k*-60 Month CD
OTHER TIERS: 0.60% $2.5k - $7k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k
1.82%*$100k*-Business 60 Month CD
OTHER TIERS: 0.60% $2.5k - $25k | 0.80% $25k - $100k
1.71%*$100k*-48 Month CD
OTHER TIERS: 0.60% $2.5k - $7k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k
1.71%*$100k*-Business 48 Month CD
OTHER TIERS: 0.60% $2.5k - $25k | 0.80% $25k - $100k
1.61%*$100k*-36 Month CD
OTHER TIERS: 0.50% $2.5k - $7k | 0.60% $10k - $25k | 0.90% $25k - $50k | 1.00% $50k - $100k
1.61%*$100k*-Business 36 Month CD
OTHER TIERS: 0.50% $2.5k - $25k | 0.90% $25k - $100k
1.51%*$100k*-18 Month CD
OTHER TIERS: 0.75% $2.5k - $7k | 0.90% $10k - $25k | 1.26% $25k - $50k | 1.36% $50k - $100k
1.51%*$100k*-24 Month CD
OTHER TIERS: 0.50% $2.5k - $7k | 0.60% $10k - $25k | 0.90% $25k - $50k | 1.00% $50k - $100k
1.51%*$100k*-Business 18 Month CD
OTHER TIERS: 0.75% $2.5k - $25k | 1.26% $25k - $100k
1.51%*$100k*-Business 24 Month CD
OTHER TIERS: 0.50% $2.5k - $25k | 0.90% $25k - $100k
1.00%*$100k*-3 Month CD
OTHER TIERS: 0.25% $2.5k - $50k | 0.75% $50k - $100k
1.00%*$100k*-Business 3 Month CD
OTHER TIERS: 0.25% $2.5k - $100k

Credit Union One (MI) IRA Rates

4.07%$500$250k10 Month Add-On IRA - New Money
2.02%*$100k*-12 Month IRA
OTHER TIERS: 1.00% $2.5k - $7k | 1.26% $10k - $25k | 1.61% $25k - $50k | 1.71% $50k - $100k
1.92%*$100k*-6 Month IRA
OTHER TIERS: 0.90% $2.5k - $7k | 1.00% $10k - $25k | 1.51% $25k - $50k | 1.61% $50k - $100k
1.82%*$100k*-60 Month IRA
OTHER TIERS: 0.60% $2.5k - $7k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k
1.71%*$100k*-48 Month IRA
OTHER TIERS: 0.60% $2.5k - $7k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k
1.61%*$100k*-36 Month IRA
OTHER TIERS: 0.50% $2.5k - $7k | 0.60% $10k - $25k | 0.90% $25k - $50k | 1.00% $50k - $100k
1.51%*$100k*-18 Month IRA
OTHER TIERS: 0.75% $2.5k - $7k | 0.90% $10k - $25k | 1.26% $25k - $50k | 1.36% $50k - $100k
1.51%*$100k*-24 Month IRA
OTHER TIERS: 0.50% $2.5k - $7k | 0.60% $10k - $25k | 0.90% $25k - $50k | 1.00% $50k - $100k
1.00%*$100k*-3 Month IRA
OTHER TIERS: 0.25% $2.5k - $50k | 0.75% $50k - $100k


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