Family First Credit Union (MI)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.75%	5-year CD	60 Month CD 2.40% - Goldman Sachs Bank USA 5 Year CD
0.50%	1-year CD	12 Month CD 1.50% - Goldman Sachs Bank USA 12 Month CD
0.10%	Savings	Adult Savings 1.20% - Goldman Sachs Bank USA Online Savings

View all Family First Credit Union (MI) rates »

Overview / Commentary

www.fam1st.com

800-580-0330

1011 N Michigan Ave
Saginaw, MI 48602-4326

Family First Credit Union (MI) is headquartered in Saginaw and is the 116^th largest credit union in the state of Michigan. It is also the 1,836^th largest credit union in the nation. It was established in 1939 and as of June of 2017, it had grown to 19 employees and 6,962 members at 3 locations. Family First Credit Union (MI) has a B+ health rating.

Field of Membership Restrictions

Family First Credit Union of Michigan is open to the residents, church members, registered students, retirees 55+ receiving income compensation, and the people that maintain employment in these eligible counties: Saginaw, Bay, Midland, and Genesee as well as the family and/or household members of these eligible people.
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Health

B+

Data as of Q2 2017

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Family First Credit Union (MI) has a relatively low asset base.

Health Grade Components

Overall
NCUA #	61909
Year Chartered	1939
Employees	19
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.43%
Return on Equity - YTD	-4.8%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$79.7MM$80.4MM
Loans	Q2 2017vs Q2 2016	$47.9MM$42.0MM
Deposits	Q2 2017vs Q2 2016	$70.1MM$72.1MM
Equity Capital	Q2 2017vs Q2 2016	$7.1MM$7.6MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$548.00K$407.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$326.00K$594.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$67.00K

Rates

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

Family First Credit Union (MI) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%	-	-	Coverdell ESA Share
0.25%^*	$50k^*	-	IRA Passbook Account
OTHER TIERS: 0.05% → $100 - $1k \| 0.15% → $1k - $25k \| 0.20% → $25k - $50k
0.10%	-	-	Youth Savings
0.10%^*	$10k^*	-	Adult Savings
OTHER TIERS: 0.05% → $500 - $10k
0.05%	-	-	Christmas Club

Family First Credit Union (MI) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$100k^*	-	Money Market w/ Active Checking Account & Direct Deposit
OTHER TIERS: 0.15% → $1k - $25k \| 0.20% → $25k - $50k \| 0.25% → $50k - $100k
0.15%^*	$100k^*	-	Money Market w/o Active Checking Account & Direct Deposit
OTHER TIERS: 0.05% → $1k - $50k \| 0.10% → $50k - $100k

Family First Credit Union (MI) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$50k^*	-	Business Checking
OTHER TIERS: 0.05% → $10k - $25k \| 0.10% → $25k - $50k
0.15%^*	$50k^*	-	Premium Checking
OTHER TIERS: 0.05% → $2,500 - $25k \| 0.10% → $25k - $50k

Family First Credit Union (MI) CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$500	-	4 Month Youth CD
1.75%	$1k	-	60 Month CD
1.50%	$1k	-	48 Month CD
1.25%	$1k	-	36 Month CD
1.15%	$1k	-	24 Month CD
0.75%	$500	-	18 Month CD
0.50%	$500	-	12 Month CD
0.35%	$500	-	6 Month CD
0.25%	$500	-	3 Month CD

Family First Credit Union (MI) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%	$1k	-	60-Month IRA
1.75%	$1k	-	60-Month Roth IRA
1.50%	$1k	-	48-Month IRA
1.50%	$1k	-	48-Month Roth IRA
1.25%	$1k	-	36-Month IRA
1.25%	$1k	-	36-Month Roth IRA
1.15%	$1k	-	24-Month IRA
1.15%	$1k	-	24-Month Roth IRA
0.50%	$1k	-	12-Month IRA
0.50%	$1k	-	12-Month Roth IRA

Locations

Family First Credit Union (MI) Locations
Branch Office	6900 Midland Rd	Freeland, MI 48623-8759
Branch Office	1011 N Michigan Ave	Saginaw, MI 48602-4326
Branch Office	3550 Tittabawassee Rd	Saginaw, MI 48604-9428