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Overview / Commentary
29624 Harper Ave
Saint Clair Shores, MI 48082-1643

FME Federal Credit Union is headquartered in Saint Clair Shores and is the 120th largest credit union in the state of Michigan. It is also the 1,892nd largest credit union in the nation. It was established in 1936 and as of March of 2016, it had grown to 23 employees and 7,920 members at 14 locations. FME Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Federal-Mogul Corporation, Hayes Lemmerz International, NTN Bower, and their current and former subsidiaries, Harper Woods Municipal, TI Automotive, Key Safety Systems, INC, Key Plastics, LLC, Harper Avenue Business Association and other eligible employer groups.
See current membership details

Reviews (2)

Go Elsewhere!

Posted by: lharper | Jan 22, 2013

Be sure to keep all paperwork, loan papers, emails, etc. when dealing with this credit union.  Very unprofessional.  No customer service at all.  Rude and uncaring.

Save All Information

Posted by: maryhann | Dec 20, 2012

Save all emails, mailings, contracts letters, etc. with this credit union.  Cover your butt when dealing with them.  Very unprofessional.



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. FME Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #1622
Year Chartered1936
Employees23
Primary Regulator
Profit Margin
Return on Assets - YTD0.14%
Return on Equity - YTD1.14%
Annual Interest Income$498.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$73.0MM$71.9MM
LoansQ1 2016vs Q1 2015$30.1MM$31.9MM
DepositsQ1 2016vs Q1 2015$63.2MM$62.2MM
Equity CapitalQ1 2016vs Q1 2015$9.1MM$9.0MM
Loan Loss AllowanceQ1 2016vs Q1 2015$283.00K$432.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$172.00K$111.00K
Real Estate OwnedQ1 2016vs Q1 2015$62.00K$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.

FME Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%--High-Yield Payroll Savings IRA Traditional (over the age of 50)
1.51%--High-Yield Payroll Savings IRA Traditional (under the age of 50)
1.51%--High-Yield Payroll Savings IRA Roth (under the age of 50)
1.51%--High-Yield Payroll Savings IRA Roth (over the age of 50)
1.51%--High-Yield Payroll Savings IRA Coverdell Education
1.26%--Direct Deposit High Yield Savings Account
1.00%--IRA Shares Account
0.40%--Christmas Club Account
0.20%--Super Share Account
0.15%--Regular Share Account
0.15%--Rainy Day Account
0.15%--Shares Pledged

FME Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.29%$2k-Money Maker PLUS Account
0.24%$2k-Money Maker Account

FME Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-55 PLUS Checking Account (S-SD)

FME Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-36 Month Standard CD
OTHER TIERS: 0.40% $500 - $2,500 | 0.45% $2,500 - $10k | 0.47% $10k - $25k
0.45%*$25k*-30 Month Standard CD
OTHER TIERS: 0.35% $500 - $2,500 | 0.40% $2,500 - $10k | 0.42% $10k - $25k
0.40%*$25k*-24 Month Standard CD
OTHER TIERS: 0.30% $500 - $2,500 | 0.35% $2,500 - $10k | 0.37% $10k - $25k
0.35%*$25k*-12 Month Standard CD
OTHER TIERS: 0.25% $500 - $2,500 | 0.30% $2,500 - $10k | 0.32% $10k - $25k
0.35%*$25k*-18 Month Standard CD
OTHER TIERS: 0.25% $500 - $2,500 | 0.30% $2,500 - $10k | 0.32% $10k - $25k
0.30%*$25k*-6 Month Standard CD
OTHER TIERS: 0.20% $500 - $2,500 | 0.25% $2,500 - $10k | 0.27% $10k - $25k

FME Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-36 Month Standard IRA
OTHER TIERS: 0.40% $500 - $2,500 | 0.45% $2,500 - $10k | 0.47% $10k - $25k
0.45%*$25k*-30 Month Standard IRA
OTHER TIERS: 0.35% $500 - $2,500 | 0.40% $2,500 - $10k | 0.42% $10k - $25k
0.40%*$25k*-24 Month Standard IRA
OTHER TIERS: 0.30% $500 - $2,500 | 0.35% $2,500 - $10k | 0.37% $10k - $25k
0.35%*$25k*-12 Month Standard IRA
OTHER TIERS: 0.25% $500 - $2,500 | 0.30% $2,500 - $10k | 0.32% $10k - $25k
0.35%*$25k*-18 Month Standard IRA
OTHER TIERS: 0.25% $500 - $2,500 | 0.30% $2,500 - $10k | 0.32% $10k - $25k
0.30%*$25k*-6 Month Standard IRA
OTHER TIERS: 0.20% $500 - $2,500 | 0.25% $2,500 - $10k | 0.27% $10k - $25k
Locations

FME Federal Credit Union has 14 locations. Click to view all FME Federal Credit Union locations.