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Overview / Commentary
888-364-6928
150 Ann St NW
Grand Rapids, MI 49505-6244

Fedcom Credit Union is headquartered in Grand Rapids and is the 135th largest credit union in the state of Michigan. It is also the 2,108th largest credit union in the nation. It was established in 1925 and as of March of 2016, it had grown to 21 employees and 7,904 members at 3 locations. Fedcom Credit Union has a B+ health rating.

Field of Membership Restrictions

Fedcom Credit Union of Michigan is open to the residents, people that maintain employment, and the registered college or university students within these eligible counties: Kent, Ottawa, Muskegon, and Allegan, people that were members before the credit union gained its community charter, retired seniors that are 55+ residing within the county or a surrounding county of the credit union main office and receives an income compensation, member affiliated organizations, credit union employees, and the family members of these eligible people along with the widow/widowers of deceased credit union members.
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Reviews (1)

Unhappy Customer

This is an horrible establishment. I disputed an unauthorized charge a month ago. I was finally advised it would take up to two months for the results. Then I later found out that I was also being charged .50 cents every time I used my card. The employee Joan forgot to ask for a signature and sent me an email pretty much telling me how I don't listen and it's MY fault that she watched me not sign a form. I'M GOING TO CHASE!!!



Health
B+
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. Fedcom Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #62096
Year Chartered1925
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.74%
Annual Interest Income$629.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$60.8MM$58.4MM
LoansQ1 2016vs Q1 2015$42.4MM$38.3MM
DepositsQ1 2016vs Q1 2015$53.7MM$51.9MM
Equity CapitalQ1 2016vs Q1 2015$6.7MM$6.3MM
Loan Loss AllowanceQ1 2016vs Q1 2015$258.00K$298.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$271.00K$204.00K
Real Estate OwnedQ1 2016vs Q1 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Fedcom Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.29%$100-Health Savings Account
3.29%$100-Coverdell Education Savings IRA
0.50%$100-IRA Share Account
0.50%$100-Roth IRA Share Account
0.50%$100-Holiday Club Account 2015-2016
0.10%$100-Regular Share
0.10%$100-Vacation Share Account

Fedcom Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-High Yield Money Market Account
OTHER TIERS: 0.20% $2k - $20k | 0.30% $20k - $50k

Fedcom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$500-60 Month CD
1.51%$500-48 Month CD
1.26%$500-36 Month CD
1.01%$100$5003 Month Kid's Club CD
0.90%$500-24 Month CD
0.90%$500-30 Month CD
0.65%$500-12 Month CD
0.65%$500-18 Month CD
0.45%$500-6 Month CD

Fedcom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$500-60 Month IRA
1.51%$500-48 Month IRA
1.26%$500-36 Month IRA
0.90%$500-24 Month IRA
0.90%$500-30 Month IRA
0.65%$500-12 Month IRA
0.65%$500-18 Month IRA
0.45%$500-6 Month IRA
Locations


Fedcom Credit Union Locations
Branch Office7565 Cottonwood DrJenison, MI 49428-8355
Branch Office4429 Breton Rd SEGrand Rapids, MI 49508-5273
Branch Office150 Ann St NWGrand Rapids, MI 49505-6244