Meijer Credit Union


Overview / Commentary
616-784-4822
2410 Gaynor Ave NW
Grand Rapids, MI 49544

Meijer Credit Union is headquartered in Grand Rapids and is the 117th largest credit union in the state of Michigan. It is also the 1,893rd largest credit union in the nation. It was established in 1958 and as of September of 2023, it had grown to 31 employees and 14,193 members at 1 location. Meijer Credit Union has a B+ health rating.

Field of Membership Restrictions

Meijer Credit Union offers membership those who live, work, worship, or attend school, as well as legal entities, in the State of Michigan. Employees and pensioners of Meijer, Inc. and licensee employees permanently assigned in Meijer, Inc units are also eligible for membership.
See current membership details

Related Posts

Meijer Credit Union Offers Rate-Leading 12-Month CD Special Statewide - 6/8/2023

Meijer Credit Union (all Michigan residents) is currently offering a rate-leading 12-month CD Special. $500 minimum/$100k maximum deposit of new money.

Reviews (1)

Good Credit Union Better Than Aac Cu

over all i love them good atms that give good change 5s etc friendly employees.good thurs fri hours 830 to 530 and good sat hours 9-12am. biggest perk is debit round up to help you save. they even have a second chance pathway checking account. if your creditg score is under 600 small monthly fede of 5. only draw back is mobile deposits are restricted to after 6months of membership which is very inconvenient. two things that i disllike is waiting so long for debit cards no temp cards or instant issues. good atm access at meijer gas stations etc. coop atms etc.
no zelle member service closes at 5pm everyday but opens at 830am.



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. Meijer Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #62393
Year Chartered1958
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD9.59%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$93.4MM$89.3MM
LoansQ3 2023vs Q3 2022$59.9MM$47.5MM
DepositsQ3 2023vs Q3 2022$84.3MM$81.6MM
Equity CapitalQ3 2023vs Q3 2022$7.8MM$6.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$313K$423K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$258K$219K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates

Rates for Meijer Credit Union are currently being reviewed.

Locations


Meijer Credit Union Locations
Main Office2410 Gaynor Ave NWGrand Rapids, MI 49544-1830

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