Members First Credit Union (MI)

Overview / Commentary
600 W Wackerly St
Midland, MI 48640

Members First Credit Union (MI) is headquartered in Midland and is the 29th largest credit union in the state of Michigan. It is also the 514th largest credit union in the nation. It was established in 1936 and as of December of 2023, it had grown to 247 employees and 63,656 members at 11 locations. Members First Credit Union (MI)'s money market rates are 9X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Members First Credit Union is open to individuals who live, worship, work, or attend school in the State of Michigan. Immediate family of existing members are also be eligible.
See current membership details

Reviews (3)

My credit union

In all, I have been satisfied with my credit union for the last 30 years. I provided special services because of its coordination with the related work place. However, I did have some dissatisfaction with what I considered tight and hard lending policies. We were turned down a couple of times for loans that I felt should have been approved. It seemed our 30 years of time with them did not matter.


Posted by: |

On two occasions, while signed up for "auto pay" on my credit card account, the auto pay did not pull the payment from my checking account to cover my credit card payment on the due date. After the first occurrence, I was told that they had fixed the problem. However, it happened again this July. I made an additional payment in June and for this reason I had been told was why the auto pay did not pull in July. But, I was told they had "fixed the issue" after the first time it happened last year. I don't trust this bank. I certainly don't trust the teller who set up my auto pay as well. The Dartmouth Branch of Members First Credit Union are a bunch of clowns.

Awful And Disrespectful

Sure, they seem nice at first but then use bait and switch tactics when applying for a loan, to try to get you locked into a higher interest rate. Call center people ask for your account number and social security number as if it is their God-given right to have it. Security breech caused me to have to use a new debit card. When walking in to change the new debit card pin, teller never asked for my ID.
I even once ha a teller grab my drivers license out of my hand then ask for my date of birth ( which is on the license, duh!). However, he could not hear me because he had some headset on his head. Meanwhile, two other tellers just stood there starring at me.
Loan officer was a snotty millennial who did not bother to even shake my hand at the end of our deal or thank me. RUDE RUDE RUDE.
And forget asking to speak to management to make a complaint, they want your account number just to do that.


Health Grade Components

NCUA #62076
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD4.02%
Annual Interest Income$38.3MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$827.7MM$814.4MM
LoansQ4 2023vs Q4 2022$608.4MM$554.1MM
DepositsQ4 2023vs Q4 2022$687MM$678.1MM
Equity CapitalQ4 2023vs Q4 2022$61.7MM$56.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$6.5MM$4.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$4.2MM$3.1MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Members First Credit Union (MI); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Members First Credit Union (MI) Savings Account Rates

0.25%$5-Regular Shares
0.25%$5-Kid's Club Savings
0.25%$5-Student Club Savings
0.25%--Christmas Club
0.25%--Special Savings
0.25%--IRA Savings
0.25%$5-Business Regular Savings
0.25%--Business Special Savings

Members First Credit Union (MI) Money Market Rates

4.00%*-$500Money Market Account
OTHER TIERS: 0.55% $1k - $10k | 1.01% $10k - $25k | 1.26% $25k - $50k | 1.51% $50k - $100k | 1.75% $500 - $1k | 1.76% $100k - $200k | 2.02% $200k+
4.00%*-$500Business Money Market Account
OTHER TIERS: 0.55% $1k - $10k | 1.01% $10k - $25k | 1.26% $25k - $50k | 1.51% $50k - $100k | 1.75% $500 - $1k | 1.76% $100k - $200k | 2.02% $200k+

Members First Credit Union (MI) Checking Account Rates

0.25%*$250k*-Premier Business Checking
OTHER TIERS: 0.15% $500 - $10k | 0.17% $10k - $50k | 0.20% $50k - $250k
0.25%*$10k*-Premier Checking Package
OTHER TIERS: 0.17% $1k - $2.5k | 0.20% $2.5k - $10k
0.22%$1k-eChecking Package
0.17%$1k-Advantage 60 Checking Package

Members First Credit Union (MI) CD Rates

5.25%$1k-6 Month CD
5.25%$100-6 Month Youth CD
5.25%$1k-Business 6 Month CD
5.00%$1k-12 Month CD
5.00%$100-12 Month Youth CD
5.00%$1k-Business 12 Month CD
5.00%$1k-9 Month CD
5.00%$100-9 Month Youth CD
5.00%$1k-Business 9 Month CD
4.50%$1k-15 Month CD
4.50%$100-15 Month Youth CD
4.50%$1k-Business 15 Month CD
3.50%$1k-24 Month CD
3.50%$100-24 Month Youth CD
3.50%$1k-27 Month CD
3.50%$1k-27 Month Youth CD
3.50%$1k-Business 24 Month CD
3.50%$1k-Business 27 Month CD
3.30%$1k-36 Month CD
3.30%$1k-48 Month CD
3.30%$100-36 Month Youth CD
3.30%$100-48 Month Youth CD
3.30%$1k-Business 36 Month CD
3.30%$1k-Business 48 Month CD

Members First Credit Union (MI) IRA Rates

5.25%$1k-6 Month IRA
5.00%$1k-12 Month IRA
5.00%$1k-9 Month IRA
4.50%$1k-15 Month IRA
3.50%$1k-24 Month IRA
3.50%$1k-60 Month IRA
3.50%$1k-27 Month IRA
3.30%$1k-36 Month IRA
3.30%$1k-48 Month IRA


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