Credit Union Plus is headquartered in Bay City and is the 155th largest credit union in the state of Michigan. It is also the 2,532nd largest credit union in the nation. It was established in 1963 and as of June of 2016, it had grown to 18 employees and 5,136 members at 3 locations. Credit Union Plus has a B health rating.
Field of Membership Restrictions
CU Plus of Michigan is open to the residents and people maintaining employment in the town of Birch Run, or the Michigan Counties of Taymouth and Saginaw as well as the employees of Bay Medical Center Inc., employees of employer groups based within a 25-mile distance of the CU main office in any direction, members that were carried over through a merger, retirees that receive an income compensation and live in the geographical boundaries of the FOM, CU employees, family members of eligible members, widows/widowers of deceased members, and CU member affiliated organizations.
See current membership details
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61296 |
| Year Chartered | 1963 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 4.21% |
| Annual Interest Income | $734.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $41.1MM$38.9MM |
| Loans | Q2 2016vs Q2 2015 | $21.6MM$19.6MM |
| Deposits | Q2 2016vs Q2 2015 | $36.3MM$34.3MM |
| Equity Capital | Q2 2016vs Q2 2015 | $4.6MM$4.2MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $346.00K$304.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $696.00K$552.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $107.00K$380.00K |
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Credit Union Plus Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | IRA Share Account |
Credit Union Plus Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | $10k | - | Money Market PLUS |
Credit Union Plus CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.05% | - | - | 3 Year CD |
Credit Union Plus IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.05% | - | - | 3 Year IRA CD |
| Credit Union Plus Locations | ||
|---|---|---|
| Branch Office | 415 Washington Ave | Bay City, MI 48708-5712 |
| Branch Office | 9426 Birch Run Rd | Birch Run, MI 48415-9442 |
| Branch Office | 1002 W Indiana St | Bay City, MI 48706-4200 |