Meijer Credit Union

Overview / Commentary
2410 Gaynor Ave NW
Grand Rapids, MI 49544

Meijer Credit Union is headquartered in Grand Rapids and is the 124th largest credit union in the state of Michigan. It is also the 1,987th largest credit union in the nation. It was established in 1958 and as of December of 2022, it had grown to 31 employees and 15,539 members at 2 locations. Meijer Credit Union has a B health rating.

Field of Membership Restrictions

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

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.

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

NCUA #62393
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD6.14%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$86.0MM$89.6MM
LoansQ4 2022vs Q4 2021$52.0MM$39.6MM
DepositsQ4 2022vs Q4 2021$78.2MM$81.4MM
Equity CapitalQ4 2022vs Q4 2021$6.6MM$7.8MM
Loan Loss AllowanceQ4 2022vs Q4 2021$389.00K$515.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$259.00K$355.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0

Rates for Meijer Credit Union are currently being reviewed.


Meijer Credit Union Locations
Main Office2410 Gaynor Ave NWGrand Rapids, MI 49544-1830
Branch Office2745 10 Mile Rd NE Ste HRockford, MI 49341-7016

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