Members First Credit Union (MI)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.26% | 2-year CD | 1.68% - National Average |
| 3.26% | 5-year CD | 2.27% - National Average |
| 3.26% | 2-year IRA | 1.68% - National Average |
Members First Credit Union (MI) is headquartered in Midland and is the 31st largest credit union in the state of Michigan. It is also the 572nd largest credit union in the nation. It was established in 1936 and as of December of 2018, it had grown to 211 employees and 66,235 members at 12 locations. Members First Credit Union (MI)'s CD rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Members First Credit Union is open to individuals who reside, worship, work, or attend school in the State of Michigan. Immediate family of existing members are also be eligible.
See current membership details
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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.
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62076 |
| Year Chartered | 1936 |
| Employees | 211 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 8.02% |
| Annual Interest Income | $23.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $488.7MM$475.7MM |
| Loans | Q4 2018vs Q4 2017 | $329.7MM$295.2MM |
| Deposits | Q4 2018vs Q4 2017 | $418.2MM$417.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $56.4MM$52.6MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $3.4MM$2.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $2.6MM$3.2MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $228.00K$139.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.85%* | $100k* | - | Super High Yield Savings | ||
| OTHER TIERS: 0.45% → $10k - $50k | 0.75% → $50k - $100k | |||||
| 0.85%* | $100k* | - | IRA Super High Yield Savings | ||
| OTHER TIERS: 0.45% → $10k - $50k | 0.75% → $50k - $100k | |||||
| 0.41% | $2.5k | - | High Yield Savings | ||
| 0.41% | $2.5k | - | IRA High Yield Savings | ||
| 0.15% | $5 | - | Regular Shares | ||
| 0.15% | $5 | - | Kid's Club Savings | ||
| 0.15% | $5 | - | Student Club Savings | ||
| 0.15% | - | - | Christmas Club | ||
| 0.15% | - | - | Special Savings | ||
| 0.15% | - | - | IRA Savings | ||
Members First Credit Union (MI) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%* | $250k* | - | Premier Business Checking | ||
| OTHER TIERS: 0.15% → $500 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $250k | |||||
| 0.25%* | $10k* | - | Premier Checking Package | ||
| OTHER TIERS: 0.10% → $1k - $2.5k | 0.20% → $2.5k - $10k | |||||
| 0.05% | $1k | - | eChecking Package | ||
| 0.05% | $1k | - | Advantage 60 Checking Package | ||
Members First Credit Union (MI) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.26% | $1k | - | 27 Month CD Special | |
| 3.26% | $1k | - | 60 Month CD | |
| 3.26% | $100 | - | 27 Month Youth CD Special | |
| 3.26% | $100 | - | 60 Month Youth CD | |
| 3.01% | $1k | - | 15 Month CD Special | |
| 3.01% | $1k | - | 48 Month CD | |
| 3.01% | $100 | - | 15 Month Youth CD Special | |
| 3.01% | $100 | - | 48 Month Youth CD | |
| 2.75% | $1k | - | 36 Month CD | |
| 2.75% | $100 | - | 36 Month Youth CD | |
| 2.51% | $1k | - | 24 Month CD | |
| 2.51% | $100 | - | 24 Month Youth CD | |
| 2.16% | $1k | - | 12 Month CD | |
| 2.16% | $100 | - | 12 Month Youth CD | |
| 2.10% | $1k | - | 44 Week CD Special | |
| 2.10% | $100 | - | 44 Week Youth CD Special | |
| 1.31% | $1k | - | 6 Month CD | |
| 1.31% | $100 | - | 6 Month Youth CD |
Members First Credit Union (MI) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.26% | $1k | - | 27 Month IRA Special | |
| 3.26% | $1k | - | 60 Month IRA | |
| 3.01% | $1k | - | 15 Month IRA Special | |
| 3.01% | $1k | - | 48 Month IRA | |
| 2.75% | $1k | - | 36 Month IRA | |
| 2.51% | $1k | - | 24 Month IRA | |
| 2.16% | $1k | - | 12 Month IRA | |
| 2.10% | $1k | - | 44 Week IRA Special | |
| 1.31% | $1k | - | 6 Month IRA |
