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 116th largest credit union in the state of Michigan. It is also the 1,854th largest credit union in the nation. It was established in 1958 and as of March of 2024, it had grown to 31 employees and 14,489 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

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 - YTD0.42%
Return on Equity - YTD4.7%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$98.2MM$87.1MM
LoansQ1 2024vs Q1 2023$65.2MM$54.1MM
DepositsQ1 2024vs Q1 2023$88.4MM$78.8MM
Equity CapitalQ1 2024vs Q1 2023$8.5MM$7.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$301K$348K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$241K$217K
Real Estate OwnedQ1 2024vs Q1 2023$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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